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Some time over the past few decades, a strange thing happened: We started treating chefs as temperamental rock stars and restaurants as a barometer of cultural vitality. But with growing cultural importance came heightened scrutiny of the restaurant industry’s failings: poor pay, punishing hours, a toxic culture of macho aggression and brutality. Into this environment in 2022 came “The Bear,” a show that seemed both forged in the fire of the food world’s worst excesses and determined to seek a way out of the inferno. But the televised fantasy of a better, more moral restaurant culture — with better, more moral chefs — is part of what makes the show such intoxicating entertainment. Carmy exhibits both the worst and the best elements of the tortured chef-genius archetype.
Persons: Carmen Berzatto, , Céline, Picasso, Beethoven, David Chang, Marco Pierre White, Mario Batali, Anthony Bourdain Organizations: Mission Locations: New York, Los Angeles, Chicago
“The thing that I really liked about Estonians, and Estonians have never believed me when I say this, but I liked how friendly they were,” he says. Reflecting on his first years in Estonia, Johnson notes that things were very different to how they are now. “Quite often, people don’t really believe that that’s possible,” he says. Marcus Lindstrom/iStockphoto/Getty ImagesAlthough his day to day life may be very different in Estonia, Johnson feels that things aren’t very different scenery wise. “And they decided to become a very modern country… Really, it’s been the experience of a lifetime, being able to watch this kind of transformation over a quarter of a century.”
Persons: hadn’t, Stewart Johnson, didn’t, he’d “, , ” Johnson, Johnson, , , ‘ Don’t, you’re, , Katrin Press “, I’ve, don’t, Chuck, chemo, he’s, Stewart Johnson “, it’s, , Marcus Lindstrom, “ It’s, “ I’ve, You’re Organizations: CNN, CNN Travel, Foreign Service, Estonia “, Comedy, Locations: Canada, States, Wisconsin, America, Estonia, Soviet Union, that’s Tallinn, Estonian, Europe, Northern, Tartu, , Comedy Estonia, Tallinn
Two Adidas employees out in China corruption probe
  + stars: | 2024-06-26 | by ( Juliana Liu | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —Two employees have left Adidas as a result of an ongoing investigation by the German sportswear brand into allegations of corruption in China. Chinese state media outlet Economic View reported Wednesday that both former employees had worked in marketing for Adidas China. The allegations against Adidas executives were contained in an unsigned letter from people calling themselves employees of Adidas China. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — accounts for 15% of the company’s sales. In mainland China, Adidas is the second-largest international sportswear brand behind Nike (NKE).
Persons: ” Claudia Lange, , , Jiemian, Lange, Yang Mi, Yi, Fred Organizations: Hong Kong CNN —, Adidas, , Adidas China, CNN, Nike Locations: China, Hong Kong, Taiwan, Beijing
Ozak Tekstil told CNN it had terminated the workers “as a last resort” when they declined an invitation to return to work. If it refused, “we will be forced to take the appropriate next steps to uphold workers’ rights,” Levi’s wrote. It did not reinstate all of the fired workers. Inside the Ozak Tekstil factory in Sanliurfa, Turkey, in December 2023. The Ozak Tekstil factory in Sanliurfa, Turkey, in December 2023.
Persons: , Levi’s, LEVI, Ozak Tekstil, Zara, Hugo Boss, Guess, Ralph Lauren, Seher Gulel, Gulel, , Sen, Tekstil, Levi Strauss, Justin Sullivan, ” Gulel, enshrines, Sen didn’t, unionize, ” Ozak Tekstil, ” Levi’s, Scott Nova, ” Nova, “ Ozak, Carolin Westermann, Funda Bakis, CNN Bakis, Bakis, ” Bakis, Tanem Zaman, Eyad Kourdi, Brice Laine Organizations: Istanbul CNN —, ’ Association, Worker Rights Consortium, CNN, Birtek, WRC, Ozak Locations: Istanbul, Turkey, Turkey’s Sanliurfa, San Francisco , California, Sanliurfa
Barring a major shock, Labour leader Keir Starmer will be the person walking through the famous black door of 10 Downing Street in less than three weeks’ time. His parents were political, naming their eldest after the first Labour leader in parliament, Keir Hardie. “He’s the first Labour leader in a generation to talk about class and snobbery,” Tom Baldwin, author of “Keir Starmer: The Biography,” told CNN. Jeremy Corbyn, then the Labour leader, made Starmer his Brexit chief following the 2016 referendum. Starmer, left, and then-Labour leader Jeremy Corbyn talk to the media at the EU Commission headquarters on March 21, 2019 in Brussels, Belgium.
Persons: Rishi Sunak, Conservative Party –, , Keir Starmer, Starmer, John Stillwell, Keir Hardie, , ” Tom Baldwin, “ Keir Starmer, , , ” Baldwin, Jeremy Corbyn, Corbyn, Osama bin Laden, Thierry Monasse, Boris Johnson, James Schneider, Dominic Grieve, ” Grieve, Grieve, ” Starmer, Stefan Rousseau Organizations: CNN, Conservative Party, Labour Party, Labour, Downing, Great, Great British Energy, European Union, Public Prosecutions, Crown, Service of, Wales –, University of Leeds, University of Oxford, NATO, EU, Conservative, Conservatives Locations: Britain, Great British, Service of England, London, Brussels, Belgium, Lancing, West Sussex
Insider Today: Making junk food healthier
  + stars: | 2024-06-22 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +6 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Kylie Kelce and her husband, y'know, the former Philadelphia Eagles power player Jason Kelce, are outnumbered at home. Now, he's on a mission to develop new recipes for ultra-processed meals in the hopes they'll be healthier. Combine two steps with these 10 face moisturizers with SPF — and skip burned lips with a good SPF lip balm. More of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor in chief of life, in New York.
Persons: , Kylie Kelce, y'know, Jason Kelce, Ronnie Chua, Skip, Noah K, Murray, Michael Conroy, Jose A, Bacete, Tyler Le, Caitlin Clark, Clark, she's, Eminem, Darren Robb, Jenny Chang, Rodriguez, Chelsea Jia Feng, Kevin Hall, Hall wasn't, they're, Abanti Chowdhury, Taylor Swift, Scooter Braun, Max docuseries, Swift, Braun, Rebecca Zisser, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Grace Lett, Amanda Yen Organizations: Service, Philadelphia Eagles, Business, Mount, Getty, BBC Locations: Old Montreal, Quebec, Canada, Venice, Mount Fuji, Halkidiki, Thessaloniki, Paris, Montreal, Idaho, Maryland, Iowa, BBC America, New York, New York City, Chicago
I met Miranda 16 years ago on a social networking website called Bebo; before Instagram and Tiktok, this is where many teens spent their time online. I lived in the Eastern Cape of South Africa, and Miranda lived in Virginia, US. We grew together, even thousands of miles apartI was 13 years old, and Miranda was 12 years old, and we were at the crux of growing up. AdvertisementMeeting Miranda for the first time felt like reuniting with an old friend. We talked like we had physically been in each other's lives for 16 years, not separated by thousands of miles.
Persons: , Miranda, Demi, Booth, I've, I'd Organizations: Service, Business Locations: Eastern, South Africa, Virginia, United States, New York
“The president has gotten increasingly punchier in recent remarks about Trump and plans to carry that theme through to the debate,” one Biden campaign official said. (CNN debate rules stipulate that each candidate will have a pen, writing pad and a bottle of water at the podium.) Biden’s former chief of staff, Ron Klain, is taking the lead to help the president get ready to debate Trump, a Biden campaign official told CNN. In the last cycle, Biden aides were particularly sensitive to Trump attacking members of Biden’s family on the debate stage. But that doesn’t mean Trump shouldn’t, or isn’t preparing,” said a person close to Trump, who requested anonymity to speak candidly.
Persons: poring, Joe Biden, Donald Trump, Biden, Trump, , He’s, “ I’ll, ” Trump, , David, Camp David, Biden’s, Ron Klain, Klain, Bruce Reed, Reed, Jeff Zients, Anita Dunn, Mike Donilon, , ’ Trump, Ohio Sen, JD Vance, Marco Rubio, Eric Schmitt of Missouri, Trump’s, Susie Wiles, Chris LaCivita, Kellyanne Conway, Stephen Miller, National Intelligence Richard Grenell, Chris Christie, Bob Bauer –, ” Bauer, acclimate Biden, Kate Bedingfield, Hunter, Jason Miller Organizations: CNN, Trump, White, Biden, Gatorade, peruse, Democratic, hourlong, Mar, Sens, Republican National Committee, Republicans, Capitol Hill, National Intelligence, New, New Jersey Gov, White House, Locations: Atlanta, Racine , Wisconsin, Maryland, Camp, hourlong State, East, Ukraine, Ohio, Marco Rubio of Florida, Washington ,, New Jersey, Philadelphia, Pennsylvania
Read previewDonald Trump's former White House national security advisor is arguing that a second term in office should involve restarting US nuclear testing for the first time in over 30 years. No one wins a nuclear arms race, he said. Kimball called out the difference between O'Brien's argument for the resumption of nuclear testing with the Biden administration's current policy, which remains dedicated to the status quo. "Resuming nuclear testing would reduce US technical superiority over Russia and China because they would immediately follow and have much more to learn," he said. O'Brien's push for resumed testing shouldn't necessarily come as a surprise.
Persons: , Donald Trump's, That's, Robert O'Brien, Trump, O'Brien, Jon B, Obama, Donald Trump, Xi Jinping, Brendan Smialowski, Wolfsthal, Daryl Kimball, Strangelove, Kimball, Biden, Joe Biden's, Jake Sullivan, We've, Maxim Zmeyev, Jeffrey Lewis, Hans Kristensen, John Bolton Organizations: Service, White House, Business, Foreign Affairs, United, Russian, Getty, US, Arms Control, Joe Biden's National, Middlebury Institute of International Studies, Federation of American, US State Department Locations: Russia, China, United States, Washington, US, AFP, PRC, People's Republic of China, Moscow, Monterey
But social media experts and researchers are mixed on just how effective such a move would be. According to one August 2022 study, almost half of all adolescents said social media makes them feel bad about their bodies. And what exactly would the warning say, North wondered, noting that social media is rarely exclusively harmful. Proactive parentingFor most kids, social media use begins at home. AdvertisementAre you a parent who has struggled with your children's social media use?
Persons: , Vivek Murthy, Murthy, Titania Jordan, they've, Jordan, Mark Zuckerberg, Karen North, North Organizations: Service, New York Times, Business, American Medical Association, Bark Technologies, University of Southern Locations: University of Southern California
The task force suggested that extensive and intensive behavioral interventions are the best way to help a child get to a healthy weight. A high BMI for a child is defined a little differently than it is for adults, although both use height and weight to estimate mass. Nearly 20% of children in the US have what’s considered a high BMI. The task force gives its guidelines letter grades based on the most up-to-date science. Under the Affordable Care Act, private insurers must cover preventive services that get a grade of A or B; the new child obesity recommendations got a B grade.
Persons: Susma Vaidya, , , Dr, Mona Sharifi, ” Sharifi, Thomas Robinson, Sarah Armstrong, haven’t, Sharifi, Justin Ryder, Stanley Manne, Robert H, Lurie, “ I’ve, ” Ryder, Wegovy, Alli, Lomaira, John Ruiz, Sanjay Gupta, “ There’s, ” Vaidya, Vaidya, pharmacotherapy Organizations: CNN, US Preventive Services, Force, American Academy of Pediatrics, BMI, US Centers for Disease Control, Affordable, National Hospital, Yale School of Medicine, Stanford Solutions Science Lab, Department of Pediatrics, Pediatrics, Adolescent Health, Duke University Medical School, Stanley Manne Children’s, Ann, Lurie Children’s Hospital of Chicago, University of Arizona, CNN Health, FDA Locations: Washington
CNN —Surgeon General Dr. Vivek Murthy said the threat social media poses to children requires urgent action, and he demanded Congress to put a label on the apps as it does with cigarettes and alcohol. Teens spend nearly five hours a day on social media apps, according to a Gallup poll. Drew Angerer/Getty Images North America/Getty Images“It is time to require a surgeon general’s warning label on social media platforms, stating that social media is associated with significant mental health harms for adolescents,” Murthy said. Congress has long chastised social media companies, claiming they pose harm to children. And Murthy urged parents to restrict children’s use of social media until they graduate from middle school.
Persons: Vivek Murthy, ” Murthy, Murthy, Drew Angerer, , Mark Zuckerberg —, there’s, , Ron DeSantis, Kathy Hochul Organizations: CNN, New York Times, American Medical Association, Gallup, U.S, North, Capitol, Florida’s Republican Gov, New York Democratic Gov Locations: North America, America, Congress
Hong Kong CNN —Adidas says it has started an investigation into allegations of “compliance violations” in China, a key market for its sportswear. The reported complaint alleged that a senior executive in Greater China who manages Adidas’ marketing budget had embezzled millions of euros and taken huge kickbacks from external advertising and celebrity agencies. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — contributes 15% of the company’s sales. In mainland China, Adidas is the second largest international sportswear brand behind Nike (NKE). Adidas is well known for playing the “celebrity” card in its marketing in China.
Persons: Hong Kong CNN —, Jiemian, Claudia Lange, , Lange, , Taiwan —, , Yang Mi, Yi Yangqianxi Organizations: Hong Kong CNN, Hong Kong CNN — Adidas, Adidas China, CNN, Adidas, Nike Locations: China, Hong Kong, Taiwan, Beijing, Xinjiang
Opinion | Men and Women, Together and Solo
  + stars: | 2024-06-16 | by ( ) www.nytimes.com   time to read: 1 min
To the Editor:Re “Less Marriage, Less Sex, Less Agreement,” by Nicholas Kristof (column, May 30):Women’s discontent with marriage is not new; it just became more obvious because the availability of both birth control and abortion freed women to express their discontent by either not marrying or not remarrying. Recently the number of women who are choosing not to marry has reached a level that is alarming to those who become anxious when the power of traditional hierarchies weakens. So it’s not surprising that a prominent feature of the MAGA movement is an effort to bully women back into dependency by appointing Supreme Court judges willing to revoke their access to abortion and perhaps also birth control. This bullying gets dressed up in religious rhetoric that ignores the obvious truth that our freedom of religion must always include freedom from others’ religious convictions.
Persons: Nicholas Kristof, it’s, MAGA
New York CNN —President Joe Biden has nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corporation. Goldsmith Romero, a Democrat, served as special inspector general for the Troubled Asset Relief Program at the Treasury Department that was borne out of the Great Recession. As incoming head of the FDIC, she will largely be viewed as the figure responsible for fixing the longstanding problematic culture at the agency. An independent investigation commissioned by the FDIC released in early May confirmed the Wall Street Journal’s reporting from last year. Gruenberg’s exitUnder pressure from the top-ranking Democrat on the Senate Banking Committee, Sherrod Brown of Ohio, Gruenberg announced he would vacate the position once a new chair is confirmed.
Persons: Joe Biden, Christy Goldsmith Romero, Martin Gruenberg, Goldsmith Romero, Goldsmith Romero “, , , wrongdoers, Sherrod Brown of, Gruenberg, Travis Hill Organizations: New, New York CNN, Federal Deposit Insurance Corporation, Democrat, Troubled Asset, Treasury Department, FDIC, , Senate Banking, Republican Locations: New York, , Gruenberg’s, Sherrod Brown of Ohio
The app became available to the 1,300 students at Champlain Valley Union High School this May. AdvertisementWhen Champlain Valley Union High School students downloaded the app, the messages were initially innocuous. AdvertisementSolomon told the Journal that the Champlain Valley Union High School incident was an anomaly. "To confirm, we suspended the Champlain Valley Union Fizz community after working directly with school administrators," the statement read. AdvertisementA Champlain Valley Union High School representative did not respond to a request for comment from Business Insider.
Persons: , Lio Miller, Miller, Ashton Cofer, Teddy Solomon, Oliver Hardt, Adam Bunting, Bunting, MANDEL NGAN, Yik Yak, Solomon, Gen Z Organizations: Service, Champlain Valley Union High School, Wall Street, Business, Stanford, Yik, McKinsey Health Institute, Champlain Valley Union High, Union High School Locations: Vermont, Champlain Valley, Champlain
Senate Minority Leader Mitch McConnell, R-Ky., suggested Wednesday that the Supreme Court should punish at least two Democratic senators over their calls for Justice Samuel Alito to recuse himself from key cases related to former President Donald Trump. Richard Blumenthal of Connecticut and Sheldon Whitehouse of Rhode Island are bound by court rules that "provide for discipline against those who engage in conduct unbecoming an officer of the court," McConnell said on the Senate floor. But McConnell singled out Blumenthal and Whitehouse because they are members of the Supreme Court bar. They are therefore "potentially engaged in unethical professional conduct before the court," McConnell said of Blumenthal and Whitehouse, both of whom are members of the Senate Judiciary Committee. The responses from Roberts and Alito confirm that they also viewed the communication as public, Whitehouse added.
Persons: Mitch McConnell, luncheons, Samuel Alito, Donald Trump ., Richard Blumenthal of, Sheldon Whitehouse, McConnell, Alito, Blumenthal, Whitehouse, John Roberts, Leonard Leo, Roberts, Dick Durbin, Clarence Thomas, Wednesday's Organizations: Democratic, Donald Trump . Sens, Richard Blumenthal of Connecticut, Trump, American, CNBC, Wall Street, Capitol, Durbin Locations: Ky, Washington, Rhode, Virginia
A new frontier has opened in fashion’s fur wars, as protesters targeted the homes of more than a dozen employees of Marc Jacobs in recent months, using signs, noisemakers and fake blood in an effort to force the designer to officially renounce the use of fur in his collections. Over the weekend, Mr. Jacobs accused the protesters of “bullying” in a statement on Instagram, but averred: His brand “does not work in, use or sell fur, nor will we in the future.” He also emphasized that he had not used fur in any of his own brand’s collections since 2018. “This organization has made it clear that they will not stop their violence toward Marc Jacobs unless they get the statement they want,” Mr. Jacobs wrote. “While I don’t condone the behavior of this organization, I will always do what I can to protect, honor and respect the lives and well-being of the people I work with.”The organization referenced by Mr. Jacobs is the Coalition to Abolish the Fur Trade, or CAFT, a group that selects targets and disseminates information and resources to anti-fur activists on the ground.
Persons: Marc Jacobs, Jacobs, Mr, Organizations: Coalition, Trade
US Secretary of Defence Lloyd Austin speaks at the 21st Shangri-La Dialogue summit in Singapore on June 1, 2024. Speaking at the Shangri-La Dialogue in Singapore, Austin said that Washington's enduring commitment to the region has been a "springboard" that has enabled transformative growth in the region. Austin said that the region is seeing a "new convergence" around nearly all aspects of security in the Indo-Pacific. It's about notions of goodwill, uniting around the interests that we share and the values that we cherish," Austin said. "I respectfully disagree with your point that the expansion of NATO caused the Ukraine crisis," Austin replied, drawing applause from the room.
Persons: Defence Lloyd Austin, Nhac Nguyen, Lloyd Austin, Austin, we're, Lai Ching, Lai, Cao Yanzhong, Vladimir Putin, Putin Organizations: Defence, Afp, Getty, SINGAPORE, U.S, NATO Locations: Singapore, United States, U.S, Philippines, Australia, Japan, China, Taiwan, Beijing, NATO, Europe, Russia, Ukraine
CNN —Billie Eilish’s new song, “Lunch” is the definitive queer anthem of 2024. Eilish’s “Lunch” symbolizes the seismic evolution in queer women expression in music. Eilish’s “Lunch” is a brilliant reinvention of our freedom of queer expression, and it comes at a most desperate time. If only we tune into Eilish’s song and to its inherent humanity — carnal, raw, authentic — and recognize in it our own hidden desires that we should face with the same openness she does. What Eilish has achieved, though, with her latest album and particularly with the song, “Lunch,” is to raise the bar on the unabashed expression of queer and women’s sexual desire.
Persons: Allison Hope, Billie Eilish’s, ” Allison Hope, Eilish, Marsha P, Johnson, Billy Porter unapologetically, She’s, Barbie, Finneas O’Connell, We’ve, Whitney Houston, Lang, Tracy Chapman, Jodie Foster, Elliot Page, Katy Perry’s, It’s, Nex Benedict, Starr Brown, Trevor, Lily Tomlin, Rosie O’Donnell, Ellen DeGeneres, Melissa Etheridge Organizations: New Yorker, The New York Times, Washington Post, CNN, Slate, Pride, MTV, US State Department, FBI, Department of Homeland Security, Twitter, Facebook, Lifeline Locations: New, Stonewall, New York, veneers, k.d, Russia, Ghana, Uganda, Italy, Buenos Aires, Memphis
The palace denied a report that the Sussexes had been "bullied" out of the royal family. Years later, Harry said he never gave permission for his name to be included on the statement. The royal family together on Christmas Day 2017. English added that it was made "clear from my conversations this morning that BOTH brothers are deeply, deeply unhappy about suggestions that Harry feels he has been 'bullied' out of the Royal Family by William." In his Netflix docuseries, which aired in December 2022, Harry said he had only been told about the statement after it was released.
Persons: Harry, Chris Jackson, Duke, Sussex, Cambridge, Rebecca English, William ., Meghan, Duke of Cambridge Organizations: The Times, Netflix, Huffington Post Locations: The
Singapore CNN —US Defense Secretary Lloyd Austin on Saturday hailed the arrival of a “new convergence” in the Indo-Pacific, as the United States fortifies strategic and security partnerships in the region amid rising threats from China and Russia. “Today, we are witnessing a new convergence around nearly all aspects of security in the Indo-Pacific,” Austin said at the Shangri-La Dialogue security forum in Singapore. Looming large in that regional vision is a more assertive China, which Austin alluded to without mentioning it by name. Austin’s emphasis of a “new convergence” in Asia Pacific appeared to have struck a raw nerve with the Chinese delegation in the audience. Austin also reaffirmed US commitment to the Asia Pacific region, saying peace and stability across the region are crucial for the whole world.
Persons: Lloyd Austin, ” Austin, Austin, Lai Ching, “ We’ve, We’ve, we’ve, , Joe Biden, Xi Jinping, Cao Yanzhong, , Mr.Putin, Dong Jun, Dong, Ferdinand R, Marcos Jr Organizations: Singapore CNN — US, Saturday, , South China Seas, Asia Pacific, NATO, Institute of War Studies, Academy of Military Sciences of, China’s, National Defense Locations: Singapore, United States, China, Russia, Taiwan, Beijing, South China, Asia Pacific, South, Washington, Asia, Ukraine, Philippines, Philippine
NEW YORK CNN —A Manhattan prosecutor said Wednesday a new indictment against Harvey Weinstein is possible as additional accusers have come forward with claims against the powerful Hollywood producer whose downfall became a symbol of the #MeToo movement. That trial similarly used “prior bad acts” witnesses and has also been appealed. In addition, three other women testified at trial as “prior bad acts” witnesses. They argued the “prior bad acts” witnesses should not have been allowed to testify and the court should not have given prosecutors the ability to question Weinstein about instances of verbal abuse and bullying on cross-examination. In sexual assault cases, their testimony can turn a difficult “he said, she said” case into a more convincing “he said, they said” case.
Persons: Harvey Weinstein, Nicole Blumberg, Justice Curtis Farber, , , Weinstein, Blumberg, ” Blumberg, , ” Weinstein, Arthur Aidala, Miriam “ Mimi ” Haley, Haley, ” Aidala, Farber, CNN Weinstein, Love, Jessica Mann, Mann, Prosecutors, – Dawn Dunning, Tarale Wulff, Lauren Young –, uncharged Organizations: YORK CNN, Hollywood, Manhattan Supreme, ” Prosecutors, New, , CNN, Weinstein’s Locations: Manhattan, , Los Angeles, Hollywood, York, New York
Before moving to Anguilla when I was 13, I lived with my single mom in Oregon, Florida, and California. My dad is from Anguilla, so my mom always had a connection to the island. As a single mother, I'm not afraid someone will come into my house to steal or hurt my family. My kids don't experience bullyingI'm always reading about how bad bullying is in the US. AdvertisementWe don't spend money on things we don't needThere aren't a lot of stores in Anguilla.
Persons: , Vanessa Croft, I'm Organizations: Service, Business, University of the West Locations: Anguilla, Oregon , Florida, California, We've, States, America
Whether today's activist investors contribute any genuine economic value is open for debate. As this year's proxy season draws to a close, defeat after defeat for activist investors in proxy fights this year – most prominently at Disney and Norfolk Southern – raises the question: Are activist investors increasingly getting de-activated, losing their credibility and power? These self-styled "activist investors" are distinct from the original activists who helped catalyze needed governance reforms two decades back. Many of today's activist investors are a far cry from the original, heroic crusaders for shareholder value who pioneered the activism space decades ago. However, given the failing financial performance of many of today's activist investors, their losing streak in proxy fights and increasing public rejection of their bullying tactics, the credibility and value of activist investors writ large is increasingly imperiled.
Persons: Nelson Peltz's, Ed Garden, Ralph Whitworth, John Biggs of TIAA, John Bogle of, Ira Millstein, Weil, Nell Minow, Bob Monks, Harvard's Stephen Davis, Carl Icahn's, Aubrey McClendon, , Bill Cohan, Jamie Dimon, Glass Lewis, resoundingly, Mason Morfit's ValueAct, Jeffrey Sonnenfeld, Lester, Steven Tian Organizations: CNBC, Salesforce, Dow Jones, Disney, Norfolk Southern, Relational Investors, John Bogle of Vanguard, Services, Chesapeake, Norfolk, JetBlue, Elanco, of Institutional Investors, United Shareholders Association, Responsibility Research, ISS, Lester Crown, Management, Yale University, Yale's, Institute Locations: Norfolk Southern, greenmailers, America
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