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☆ More CEOs are deciding the stress, pressure, and loneliness are just not worth the money
▼ + stars: | 2024-04-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pressure, stress, and lonelinessHead honchos have been calling out the difficulties of their jobs for years. Tesla and SpaceX CEO Elon Musk has bemoaned that running a company is "really not that fun" and "just awful" at times. "The depths of loneliness I experienced as a CEO are difficult to put into words," he posted on X in January. The combination of immense pressure, stress, loneliness, and lack of work-life balance that often comes with being a CEO may well explain why few people last long in the role.

Persons: —, HSBC's Noel Quinn, Bob Bakish, Dr Martens, Kenny Wilson, Andrew Challenger, HSBC's Quinn, Elon Musk, Musk, Grzegorz Wajda, Brian Chesky, Warren Buffett, Berkshire Hathaway, Buffett Organizations: Service, Paramount, Business, SpaceX, Berkshire, he's

☆ Dr. Martens shares plunge 30% to all-time low, trading briefly halted on weak outlook
▼ + stars: | 2024-04-16 | by ( April Roach | ) www.cnbc.com time to read: +1 min

Dr. Martens is a brand of footwear known for its yellow stitching and patented air-cushioned soles. The brand was adopted by British punk rockers in the 1970s, but went mainstream during the grunge movement of the 1990s. Shares of Dr. Martens plunged 30% on Tuesday to hit a record low in early deals, after the shoemaker flagged a challenging 2025 outlook on the back of weaker revenues. Trading in the company shares was temporarily suspended on the London Stock Exchange after the firm issued an unscheduled trading update. In a Tuesday note, analysts at RBC flagged a negative sentiment on the stock and said that markets would focus on the 2025 guidance in the short term.

Persons: Martens, Kenny Wilson, Ije Nwokorie Organizations: London Stock Exchange, RBC Locations: British

☆ Dr Martens shares slide 27% as the British bootmaker warns on profits
▼ + stars: | 2023-11-30 | by ( ) edition.cnn.com time to read: +2 min

Shares in Dr Martens dived more than 27% Thursday after the company issued its fourth profit warning in 12 months, blaming lackluster demand from US wholesalers for its clunky boots and a slower start to the autumn-winter season. Shares in the British company, which went public in 2021, hit a record low of 79.10 pence ($1) Thursday after the firm also scrapped its revenue guidance for the 2025 fiscal year. For the first half of the year, the company said its wholesale revenue dropped 17% to $199.4 million ($251.9 million). The company said it had offered small discounts on seasonal colors but would not mark down prices on its flagship black shoes. Analysts forecast a range of $223.7 million—$240 million ($282.6 million—$303 million), according to numbers compiled by the company.

Persons: Martens, we’ve, Kenny Wilson, Dr Martens, Wilson Organizations: Reuters Locations: British, United States, United Kingdom, Europe, Asia, Pacific

FILE PHOTO-Security guards stand at the BYD booth at the Auto Shanghai show, in Shanghai, China April 19, 2023. The deal will expand BYD Electronic's (BE) (0285.HK) customer base, product portfolio and its smartphone components business as it looks to capture Jabil's potential growth in the sector. Although now best known for its electric vehicle business, BYD started out by selling electronic components. BE's major business has been selling electronic components for consumer electronics products such as smartphones and laptops. This was one of three key business segments for BYD Electronic, accounting for more than 70% of its total revenue in 2022.

Persons: Aly, BYD, Tu Le, Jabil, Kenny Wilson, Wilson, Qin Chuan, Sameer Manekar, Brenda Goh, Stephen Coates Organizations: Security, Auto, REUTERS, U.S, Jabil Inc, HK, Jabil, Hong Kong Stock Exchange, Sino Auto, Apple Inc, Citi, BE, Thomson Locations: Auto Shanghai, Shanghai, China, Singapore, Chengdu, Wuxi, Hong Kong, EVs, Nanjing, Bengaluru, Yelin Mo, Beijing

☆ BYD unit buys US firm Jabil’s China mobility business for $2.2 billion
▼ + stars: | 2023-08-28 | by ( ) edition.cnn.com time to read: +2 min

Reuters —Chinese automaker BYD said on Monday its electronics unit has struck a deal with US-based manufacturer Jabil Inc to buy its mobility business in China for 15.8 billion yuan ($2.2 billion). The deal will expand BYD Electronic’s customer base, product portfolio and its smartphone components business as it looks to capture Jabil’s potential growth in the sector. Although now best-known for its electric vehicle business, BYD started out by selling electronic components. BE’s major business has been selling electronic components for consumer electronics products such as smartphones and laptops. This was one of three key business segments for BYD Electronic, accounting for more than 70% of its total revenue in 2022.

Persons: BYD, ”, Tu Le, ” BYD, Kenny Wilson, Jabil, ” Wilson, Qin Chuan Organizations: Reuters, US, Jabil Inc, Jabil, Hong Kong Stock Exchange, Sino Locations: China, Singapore, Chengdu, Wuxi, Hong Kong, EVs, Nanjing

☆ A Minute With: R&B singer H.E.R. inspired to see women grab guitars
▼ + stars: | 2023-01-10 | by ( Hanna Rantala | ) www.reuters.com time to read: +3 min

attends a premiere event for Beauty and the Beast: A 30th Celebration in Los Angeles, California, U.S., December 13, 2022. already has five Grammy Awards, a best song Oscar, and nearly two decades of experience performing - despite being only 25. : "I think a lot of women, especially young Black women, young Filipino women, don't really think that these kinds of things are possible and I barely thought it was possible. It's crazy how music can do that, but it's also crazy that I can do that and I feel really grateful." : "I'm so grateful that that was technically like my first debut, officially working with Oprah and Spielberg is involved.

☆ Dr. Martens exposes fashion’s squeezed middle
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 24 (Reuters Breakingviews) - Dr. Martens (DOCS.L) revealed a weak spot in Britain’s already ailing retail sector. It also warned that it will have to spend more to hit its existing revenue target of “high teens” percent growth for the full year. That means its EBITDA margin will be 1 percentage point to 2.5 percentage points lower than last year’s 29%. Dr. Martens straddles the high street and luxury retail sectors. Chief Executive Kenny Wilson revealed growth in its direct-to-consumer offering was also slower than expected in the first half.

☆ Bootmaker Dr. Martens' margin warning knocks shares down 20%
▼ + stars: | 2022-11-24 | by ( Radhika Anilkumar | ) www.reuters.com time to read: +2 min

"Going into the winter season, we see people buying more of our iconic boots which (are) ... the 1460s and our Jadons," Wilson added. To help employees cope with rising prices and dearer bills, the company has offered a one-off payments of 500 pounds ($605) to employees earning less than 45,000 pounds a year, Wilson said. First-half core profit was flat compared with a strong year ago period, the company said, while revenue rose 13% to 418.6 million pounds, helped by price hikes. The stock was down 21.2% at 225.6 pence by 1137 GMT, having risen the previous session to its highest since February. ($1 = 0.8260 pounds)Reporting by Radhika Anilkumar in Bengaluru; Editing by Rashmi Aich and David HolmesOur Standards: The Thomson Reuters Trust Principles.

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