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The Spurs' majority owner is Peter Holt, managing partner of Spurs Sports & Entertainment, which also operates the team's arena, the Frost Bank Center. Last May, Viera bought a 5% stake in the Spurs for an undisclosed enterprise value. Partial team owners can get major discounts when they buy small pieces of teams that give them less control over decisions. Businessman Paul Viera is increasing his stake in the San Antonio Spurs from 5% to 11%, CNBC has learned, as NBA valuations climb and make teams more attractive assets for investors. NBA teams are hot assets thanks in large part to the league's new $76 billion, 11-year media deal.

Persons: Peter Holt, Holts, Michael Dell, McCombs, David Robinson, Viera, Earnest, Paul Viera, Victor Wembanyama, Junior Bridgeman, Dee Haslam, Marc Lasry's, Bridgeman, Grant Hill, Penny, Hardaway, Robinson, Dwyane Wade, Elliot Perry, Michael Jordan, Wyc Grousbeck, Aramark Organizations: San Antonio Spurs, Golden State Warriors, T Center, Spurs, Spurs Sports & Entertainment, Frost Bank Center, Dell Technologies, Sixth Street Partners, Earnest Partners, CNBC, NBA, Southwest Division, Milwaukee Bucks, Bucks, Atlanta Hawks, Memphis Grizzlies, Utah Jazz, Grizzlies, Charlotte Hornets, Boston Celtics, Grousbecks, Celtics Locations: San Antonio , Texas, Atlanta

☆ A viral conspiracy theory on TikTok says nice people don’t get promoted. But experts disagree
▼ + stars: | 2024-04-30 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +5 min

One viral TikTok has young workers up in arms about the perils of being pleasant in the workplace. A TikToker who goes by the name Jacqueline recently posted a TikTok video where she claimed that people who are "a pleasure to work with" will "never get promoted." She added: "You will never be promoted out of a hardworking more junior position where a lot of the hard work exists ... There's a lot of benefits to being other-oriented like we like nice people and we do nice things for those people," he added. 'Pleasant people don't bend over backwards'In Jacqueline's TikTok video, she conflates having a pleasant personality with being a pushover, according to Vogel.

Persons: Jacqueline, Cameron Anderson, Andrew Brodsky, Brodsky, Ryan Vogel, Vogel Organizations: Haas School of Business, University of California, University of Texas, McCombs School of Business, CNBC, Chinese University of Hong, University of Iowa, Purdue University, Fox School of Business, Management, Temple University Locations: Berkeley, Chinese University of Hong Kong, agreeableness

Alison SiderAlison Sider writes about airlines and air travel from The Wall Street Journal’s Chicago bureau. She has chronicled the major U.S. airlines since 2018, most recently focusing on how they've navigated major crises such as the grounding of the Boeing 737 MAX and the global coronavirus pandemic. She joined the Wall Street Journal's Houston bureau in 2012 to write about the U.S. energy industry, and later covered oil markets in New York. Previously, she worked at the Arkansas Democrat-Gazette in Little Rock, Ark., covering business and reporting from the state Capitol. Alison has an MBA from the McCombs School of Business at the University of Texas at Austin and a BA in economics from the University of Chicago.

Persons: Alison Sider Alison Sider, they've, Alison Organizations: Boeing, Arkansas Democrat, Gazette, McCombs School of Business, University of Texas, University of Chicago, Twitter, LinkedIn Locations: Chicago, U.S, Houston, New York, Little Rock, Austin, alison.sider@wsj.com

☆ A woman claims James Brown was murdered and has given potential evidence to prosecutors. It’s since disappeared
▼ + stars: | 2023-05-30 | by ( Thomas Lake | ) edition.cnn.com time to read: +6 min

Somebody wanted him dead.”After Hollander visited the DA’s office in 2020, prosecutors agreed to check out her story. “Don’t employees from the DA’s office have to sign a log when they handle evidence?” a reporter wrote to Geary. This came about after the items were shipped to her.”Legal counsel Don Geary has since left the Fulton DA’s office. CNN emailed Deputy District Attorney Jeff DiSantis, the DA’s spokesman, to ask about Hollander’s lawsuit and the missing potential evidence. In a recent phone interview with CNN, Hollander called for Willis to account for the missing items from the evidence bags.

☆ New Story Collections on Life’s Absurdities and Pains
▼ + stars: | 2023-05-30 | by ( Jen Vafidis | ) www.nytimes.com time to read: +1 min

Gender, relationships, family and the meaning of pop culture. But does “Almost Famous” have a scene when the sky opens to reveal giant chopsticks hovering over salmon roe as big as skyscrapers? A minor description from Theodore McCombs’s inquisitive fantasia URANIANS (Astra House, 210 pp., $25), his debut collection, illuminated the whole book for me. The main character in “Laguna Heights,” frustrated by memory gaps caused by his top-shelf neurotechnology, is called the “sort of man pleased to remember that old movies are still in the world.” He’s not pleased; he’s the kind of person who would be pleased. This detached phrasing, however tossed-off, tore me out of the moment, and confronted me with an iffy behavioral theory: Identity predetermines emotions and actions, and emotions and actions reinforce identity, in one smooth loop.

Persons: I’ve, Reiko, bender, you’ve, Theodore McCombs’s, fantasia, ”, He’s Organizations: Astra House Locations: Laguna Heights

☆ Is bitcoin being manipulated? A professor who proved it in 2017 sees more red flags, report says.
▼ + stars: | 2023-02-02 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

In 2017, professor John Griffin noticed the price of bitcoin appeared to be propped up by a single "whale," and he's now seeing similar red flags, per Fortune. "The same mechanism we saw in 2017 could be at play now in the still unreal bitcoin market." "The same mechanism we saw in 2017 could be at play now in the still unreal bitcoin market." "The whale kept establishing price floors, and those floors kept rising. Bitcoin price floor manipulationDuring bitcoin's latest run, it's peculiar how reliably bitcoin bounced above $16,000 seemingly the moment it breached that level, he said.

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