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☆ These were Insider's CMOs to watch in 2022
▼ + stars: | 2022-12-23 | by ( Michael Kaminer | Lucia Moses | ) www.businessinsider.com time to read: 1 min

Massimo Baratto, chief consumer officer, Under ArmourUnder ArmourPart of Barrato's mission in this newly created role has been focusing more on direct-to-consumer channels and less on traditional retail. The company has since ramped up its use of SEO and digital promotions, including influencer relations. Baratto also helped shift the tone of Under Armour's advertising; Tom Brady and Morgan Freeman starred in a high-profile "Future GOATs" campaign encouraging young athletes to be themselves. The company is also unveiling a national program offering grants to young athletes and in-person experiences at Under Armour's Baltimore "campus." Under Armour ended 2023 by hiring ex-Marriott International president Stephanie Linnartz as CEO.

☆ Goldman Sachs' year-end bonuses are going to be brutal, and everyone's pointing fingers on who's to blame
▼ + stars: | 2022-12-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

When things were going good, Goldman Sachs' CEO David Solomon could seemingly do no wrong. Last year, thanks to a booming M&A market and a favorable trading environment, life was good at the elite Wall Street bank. Top tech executives from 10 Wall Street firms, including Goldman Sachs, Citadel, and KKR, share their predictions for the top public-cloud trends next year. Bad news: You're not the only one waiting for rates to drop to buy a home; so is Wall Street. Here's what a home-buying spree from Wall Street could mean for the entire industry.

☆ A Class Meant to Win Over a Jury Led Michael Kelly to Acting
▼ + stars: | 2022-12-20 | by ( Marc Myers | ) www.wsj.com time to read: 1 min

Michael Kelly, 53, is an actor who co-starred on TV’s “House of Cards” and “The Comey Rule” and in the film “Everest.” He currently co-stars in the Prime Video series “Tom Clancy’s Jack Ryan.” He spoke with Marc Myers. My mother first urged me to make a list of my goals soon after I started high school. I didn’t push back. I was already pretty methodical about writing things down.

"If Bakhmut had been captured when they started their attack in August then it would have been significant. Michael Kofman, an expert on the Russian military at the U.S.-based CNA think-tank, said Moscow appeared committed to the battle because of resources it had already spent rather than because of "sound strategy". WAR OF ATTRITIONFor Russia, Bakhmut, which it calls Artyomovsk, the city's Soviet-era name, has long held political value. Muzyka, the Polish military analyst, said Bakhmut had become a battle of attrition. It could also boost Prigozhin's political capital in Moscow if he can take some credit for such a victory.

From almost nothing five years ago, the institutional residential property market has grown to the point where investors say housing is starting to challenge office buildings as a focus for their cash. And higher yields and scope for growth are spurring new projects, market players say. "We are currently surprised ourselves by the speed of the change and how the market is changing," he told Reuters. "Many institutional investors are looking to gain the first mover advantage and moving in," Wysokińska-Kuzdra told Reuters. The war in Ukraine has also created uncertainty, so that some investors are focused only on finishing current projects.

☆ Goldman Sachs has plans for deep headcount cuts in the new year
▼ + stars: | 2022-12-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But first, the Goldman cuts go deep. Goldman's bankers and others on Wall Street still enjoy pay packages that are beyond that of most American workers. Some portion of Goldman's cuts are being made with an eye to 2023 and 2024, suggesting that the firm's leaders don't expect a return to go-go days anytime soon. Click here to read more about the cuts set to hit Goldman Sachs. Private-equity firm Advent announced plans to acquire satellite maker Maxar Technologies for $6.4 billion in a deal that included Goldman Sachs, JPMorgan, and Morgan Stanley.

☆ Capitol riot defendant planned to kill FBI agents who investigated him, unsealed filing alleges
▼ + stars: | 2022-12-17 | by ( Zoë Richards | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Michael-Kosnar-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +2 min

Kelley and Carter made their initial appearance in federal court in Knoxville on Friday. A cooperating witness earlier this week presented authorities with a printed document including about 37 names, positions and in some cases phone numbers of law enforcement personnel involved in the criminal investigation, the filing states. The list also identified which officers were present when Kelley was arrested in May, according to the filing. Marina Medvin, who has been representing Kelley in the Jan. 6 charges, did not immediately respond to a request for comment. More than 850 defendants have been arrested on Jan. 6 charges ranging from misdemeanor parading to felony seditious conspiracy.

But other potential Chinese investors were less sure. Most investors had decided to head home ahead of Chinese New Year, said Yu. GUNFIRE, PANICNews of the hotel attack spread fast to the investors running China Town - a cluster of 10-storey blocks about 20 minutes drive away, overlooked by snow-topped mountains. After security forces secured the hotel, Yu got through to some of the guests by phone. In all, about 35 Chinese investors were in the hotel, he said - about a third of the number he estimated were in Afghanistan at the time.

☆ Fed Rate Increases Upended Funding Markets in 2022. Here’s What CFOs Can Expect in 2023.
▼ + stars: | 2022-12-14 | by ( Nina Trentmann | ) www.wsj.com time to read: +9 min

Here’s a look at how different financing instruments fared in 2022 and what’s ahead for 2023. Activity in the convertible debt market has picked up in recent weeks. Still, there could be financing opportunities for deals in 2023 in the form of syndicated loans, bankers said. “CFOs have to be aware of that and focus on cash conversion and margins,” he said, pointing to the increase in financing costs. “We expect deals will continue to get done,” he said, adding that those could however come with more oversight from lenders.

☆ House GOP’s inclusion of 'salacious' Commanders cheerleaders photos in official memo draws blowback
▼ + stars: | 2022-12-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Rebecca-Shabad-Circle-Byline-Template.Jpg | Rebecca Shabad | ) www.nbcnews.com time to read: +3 min

WASHINGTON — Lawyers for more than 40 former Washington Commanders employees are demanding that House Republicans remove "sexualized and salacious photographs" of the NFL team's cheerleaders featured in a GOP-written memo about the football team. (The GOP report put black boxes over the women's faces and some body parts.) In a statement, a Republican Oversight Committee aide criticized the Democrats' report and defended the GOP memo. "Prior to circulating the internal memo, Committee staff took steps to ensure all sensitive images involving cheerleaders were redacted and their identities kept confidential. As we have said from the beginning, the Oversight Committee is not the proper venue for this investigation.

☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
▼ + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com time to read: +36 min

From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.

☆ Ashton Kutcher and twin Michael talk health, guilt and rift between them
▼ + stars: | 2022-12-06 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —In a rare interview, twin brothers Ashton and Michael Kutcher talked about both their bond and their rift. “I go in the room and I’m like ‘Whoa,’” Ashton Kutcher said, fighting back tears. “He looked at me and he said, ‘Every time you feel sorry for me, you make me less,’” Ashton Kutcher said. Ashton Kutcher said during the interview that he was not aware that his brother had been keeping it a secret. Michael Kutcher is now an advocate for the disabled.

☆ David Zaslav's top priority at Warner Bros. Discovery: Get the cash flowing again
▼ + stars: | 2022-12-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

Warner Bros. Warner Bros. Discovery will generate more than $3 billion in free cash flow this year, about $4 billion next year and close to $6 billion in free cash flow in 2024, according to company forecasts. Warner Bros. The one certainty is Zaslav's decision will be squarely based on how a deal affects the company's free cash flow.

☆ Credit Suisse's investment bank draws interest from Saudi crown prince, WSJ reports
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +2 min

Dec 4 (Reuters) - Investors including Saudi Arabia's crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 billion or more in Credit Suisse's (CSGN.S) new investment banking unit, the Wall Street Journal reported on Sunday. Credit Suisse did not immediately respond to a request for comment. Seeking to restore vigor to a business that has been languishing, Credit Suisse in October said that it will reshape its investment bank by resurrecting the First Boston brand. Credit Suisse's history with the First Boston brand dates to 1978 when the pair linked up to operate in the London bond market. Some bankers and investors have expressed scepticism over its ability to regain its past glory in a shrinking market.

Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing to invest $1 billion or more into Credit Suisse ‘s new investment bank, people familiar with the matter said. Crown Prince Mohammed bin Salman is considering an investment of around $500 million to back the new unit, CS First Boston, and its CEO-designate, Michael Klein , some of the people said. Additional financial backing could come from U.S. investors including veteran banker Bob Diamond ‘s Atlas Merchant Capital, people familiar with that potential investment said. Credit Suisse previously said it had $500 million committed from an additional investor it hasn’t named.

☆ Dr Pepper forced to give $100K prize to BOTH contestants after boos erupt following odd tie-breaker at SEC championship halftime contest
▼ + stars: | 2022-12-04 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Dr Pepper drew scorn for its handling of a college tuition giveaway during halftime of the SEC championship game. "Well, you all saw the unprecedented double tie of the Dr Pepper halftime tuition giveaway," Dell said. "We 've just been told by Dr Pepper that they're going to award both finalists $100,000. Congratulations, ladies, and great job by Dr Pepper there." Keurig Dr Pepper, the brand's parent company, has held the contest since 2008 and given away a total of $13 million in college tuition.

Akin to lengthy nutrition labels, Amazon's so-called AI Service Cards will be public so its business customers can see the limitations of certain cloud services, such as facial recognition and audio transcription. The goal would be to prevent mistaken use of its technology, explain how its systems work and manage privacy, Amazon said. The cards would address AI ethics concerns publicly at a time when tech regulation was on the horizon, said Kearns. Amazon chose software touching on sensitive demographic issues as a start for its service cards, which Kearns expects to grow in detail over time. In 2019, Amazon contested a study saying the technology struggled to identify the gender of individuals with darker skin tones.

☆ BlockFi makes first appearance in bankruptcy court
▼ + stars: | 2022-11-29 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Nov 29 (Reuters) - U.S. cryptocurrency lender BlockFi on Tuesday will make its first appearance in U.S. bankruptcy court after filing for Chapter 11 protection on Monday. BlockFi is expected to tell U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey why it went bankrupt and how it plans to exit from Chapter 11. New Jersey-based BlockFi became the first direct casualty of crypto exchange FTX's collapse earlier this month. The company sold a portion of its crypto assets earlier in November to fund its bankruptcy, and it entered bankruptcy with $256.5 million in cash on hand. BlockFi's Chapter 11 plan envisages that BlockFi Wallet customers would be paid back in full and other account holders and creditors would receive a mixture of cryptocurrency, cash, and new equity shares.

☆ BlockFi tells U.S. bankruptcy court it is 'the antithesis of FTX'
▼ + stars: | 2022-11-29 | by ( Dietrich Knauth | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/IllustrationNov 29 (Reuters) - Lawyers for BlockFi, the first direct casualty of crypto exchange FTX's collapse, made their initial appearance in U.S. bankruptcy court on Tuesday, emphasizing that the U.S. cryptocurrency lender was "the antithesis of FTX." Sussberg went to great lengths to distance BlockFi from FTX, saying the company did not face the myriad issues apparently plaguing FTX. Sussberg said BlockFi also intends to seek a court ruling allowing customers in the BlockFi Wallet program to withdraw their funds during the bankruptcy case if they wish. "If it's in your wallet, it stays in your wallet," Sussberg said. Its Chapter 11 plan envisages that BlockFi Wallet customers would be paid back in full and other account holders and creditors would receive a mixture of cryptocurrency, cash, and new equity shares.

[1/4] Hong Kong Chief Executive John Lee delivers his first annual policy address at the Legislative Council in Hong Kong, China October 19, 2022. REUTERS/Tyrone SiuHONG KONG, Nov 29 (Reuters) - Hong Kong leader John Lee said on Tuesday the central government in Beijing was "highly concerned" about the issue of foreign lawyers appearing in national security cases, with a landmark legal interpretation on the matter by Beijing expected soon. Lee said Hong Kong authorities are seeking a delay to the start of the trial. "It is a grim moment," said one veteran Hong Kong criminal lawyer. Hong Kong officials, including Lee, have said repeatedly that Hong Kong is strongly committed to the rule of law, and its independent judicial power is constitutionally protected.

☆ Iran state media wants the US banned from the World Cup after the team posted photos meant to show solidarity with Iranian protestors
▼ + stars: | 2022-11-28 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Iran state media has said it wants the US kicked out of the 2022 World Cup. The United States Soccer Federation briefly displayed an edited version of the Iranian Flag. The edited flag was a show of solidarity between the team and protestors in Iran. —Tasnim News Agency (@Tasnimnews_EN) November 27, 2022On Saturday, the United States Soccer Federation displayed the Iranian flag without the emblem of Iran in the center on its social media platforms, CNN reported. Soccer media officer Michael Kammarman told reporters Sunday the move was to indicate "support for the women in Iran fighting for basic human rights," Reuters reported.

☆ U.S. Soccer briefly removed emblem from Iran flag to show support for protesters
▼ + stars: | 2022-11-27 | by ( Hritika Sharma | Steve Keating | ) www.reuters.com time to read: +3 min

AL RAYYAN, Qatar, Nov 27 (Reuters) - The United States Soccer Federation temporarily displayed Iran's national flag on social media without the emblem of the Islamic Republic as a show of solidarity with protesters in Iran ahead of the two teams' World Cup clash on Tuesday. The intent of the posts was to show "support for the women in Iran fighting for basic human rights", U.S. Soccer media officer Michael Kammarman told a news conference on Sunday. The banner on U.S. Soccer's Twitter page was also changed on Saturday to feature the flag without the emblem. Iran's players declined to sing the national anthem in their first game against England in an apparent show of solidarity with protesters. They sang quietly on Friday before their 2-0 win over Wales, where boos and jeers were heard from Iran supporters.

Allies have been supplying Kyiv with weapons and military equipment since Russia invaded its neighbour on Feb. 24, depleting their own inventories along the way. HISTORIC INDUSTRYEastern Europe's arms industry dates back to the 19th Century, when Czech Emil Skoda began manufacturing weapons for the Austro-Hungarian Empire. They said Ukraine had acquired weapons and equipment via donations from governments and direct commercial contracts between Kyiv and the manufacturers. "At the same time it's an opportunity for them to build up their military production industry." Czech arms exports this year will be the highest since 1989, he said, with many companies in the sector adding jobs and capacity.

CNN —Republican Herschel Walker is getting a tax break intended only for a primary residence this year on his home in the Dallas, Texas, area, despite running for Senate in Georgia. Walker registered to vote in Atlanta, Georgia, in 2021 after living in Texas for two decades and voting infrequently. 11Alive News, a local Georgia station, first reported that Walker took the homestead exemption on his Texas home in 2020. The county tax office in Texas where Walker maintains his home confirmed the exemption. Homeowners in many states are able to apply for a tax exemption by declaring their home to be their primary residence and the exemption lowers their tax bill by removing part of their home’s value on paper.

☆ Rising interest rates can't stop the surging market for ultra-lux real estate. These 13 PR power players are competing for the attention of billionaire buyers.
▼ + stars: | 2022-11-21 | by ( Michael Kaminer | ) www.businessinsider.com time to read: +2 min

The market for ultraluxury real estate is frothy and exclusive. But swanky parties and over-the-top stunts no longer grab the attention of well-heeled buyers. Sign up for our newsletter to get the news, trends and strategies that advertising and media pros want to know — delivered weekly to your inbox. Uncertainty in Europe and Latin America is funneling even more wealth into US real estate in cities like New York, Miami, and Los Angeles. Insider has identified 13 of the most sought-after PR executives in luxury real estate based on research and conversations with industry insiders.

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