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☆ How the billionaire creator of 5-Hour Energy's erratic takeover led to a fumble of Sports Illustrated
  + stars: | 2024-03-17 | by ( Jack Newsham | Jake Swearingen | ) www.businessinsider.com   time to read: +12 min
A week earlier, he had become a large minority shareholder at The Arena Group, but had no official title. The company Bhargava claimed to be taking over was so poorly run that he questioned the intelligence of those in the meeting. He also said Bhargava was talking about his charitable endeavors in order to underscore his priorities to Arena Group employees. Media, Bhargava said in the meeting, was "biased." Days later, Bhargava sacked Arena Group CEO Ross Levinsohn, too, causing Levinsohn to angrily resign from the board.
Persons: —, Manoj Bhargava, Bhargava, Zoom, I'm, Steve Janisse, Vince Bodiford, Bodiford, Ross Levinsohn, Levinsohn, Rob Barrett, doesn't, ABG, Jamie Salter, Forbes, Janisse, Nielsen, Arena's, Riley, toh, Manoj, there's Organizations: Service, Arena Group, Energy, The, Business, Sports, Media, Arena, Authentic Brands, Washington Post, Princeton, IRS, United, United States Tax, Bridge Media, Sports Illustrated, Hans Foundation, International, Group, toh e New York Times, New York, Players ' Tribune, Office, BI Locations: NewsNet, India, United States, Michigan, toh e
☆ Economic boost from Taylor Swift's Eras Tour could be overstated, Nomura warns
  + stars: | 2024-02-23 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
The devil's in the details, but local economies have a friend in Taylor Swift. Her tour undoubtedly helped the local economies she visited, according to a new report out from Japanese investment bank Nomura. From that, the consumer price index for the Illinois city increased 0.5 percentage points from the singer's visit alone. Internationally, small economies such as Singapore and Sweden could see the biggest macro boosts from her tour, according to Toh. Swift's tour is set to conclude near the end of 2024.
Persons: Taylor Swift, Nomura, Si Ying Toh, Toh Organizations: Federal Reserve, Wall, Nomura, Disney, CNBC PRO Locations: American, Chicago, U.S, Illinois, Japan, Singapore, Sweden
☆ Japan’s workers haven’t had a raise in 30 years. Companies are under pressure to pay up
  + stars: | 2023-02-03 | by ( Michelle Toh Emiko Jozuka | Michelle Toh | Emiko Jozuka | ) edition.cnn.com   time to read: +8 min
Last month, he called on companies to hike pay at a level above inflation, with some already heeding the call. Last month, Japan recorded its biggest drop in earnings, once inflation is taken into account, in nearly a decade. A changing job marketExperts say Japan’s wages have also suffered because it lags in another metric: its productivity rate. Hideya Tokiyoshi, a teacher in Japan, told CNN he had barely seen his salary go up over the last 30 years. “If some of the biggest companies in Japan raise wages, many other firms will follow,” if only to stay competitive, said Yamaguchi.
☆ Chinese ride-hailing giant Didi says it will launch a robo-taxi service in Shanghai 'very soon'
  + stars: | 2019-11-19 | by ( Ryan Browne | Toh Ee Ming | ) www.cnbc.com   time to read: +1 min
Tiger Qie, VP of Didi Chuxing and CTO of Didi's Ride sharing Business Group, speaks with CNBC's Arjun Kharpal onstage at the East Tech West event in, Guangzhou, China. Didi Chuxing, the Chinese ride-hailing company, is set to launch a so-called robo-taxi service in Shanghai "very soon." "We are going to launch a robo-taxi service in Shanghai very soon," Tiger Qie, Didi's vice president and chief technology officer of its ride-sharing unit, said onstage at CNBC's East Tech West event in Guangzhou, China. "Autonomous vehicles and human-driven vehicles are going to co-exist," Qie said in a fireside chat with CNBC's Arjun Kharpal. Didi has grown rapidly since it was founded in 2012, with 550 million users currently registered with its platform.
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