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☆ Ever Had a Horrible Boss? ‘The Fund’ Is the Perfect Rage-Read.
▼ + stars: | 2023-11-06 | by ( Mark Gimein | ) www.nytimes.com time to read: +2 min

There was the time when the parking staff was fired for designing parking passes deemed too big. When Dalio noticed a spill on the floor by his urinal, Copeland writes, he summoned a deputy to investigate. But for the most part, it has always been safer to be a lower-level drone than in Dalio’s direct orbit. Paul McDowell, tasked with designing the “Principles Operating System,” Copeland writes, “assigned an underling to go into the software and program a new rule. As the original, topmost believable person at Bridgewater, Dalio’s rating was now numerically bulletproof to negative feedback.

Persons: Dalio, Copeland, James Comey, Dalio’s browbeating, Paul McDowell, ” Copeland, “ Locations: Bridgewater

☆ How Does the World’s Largest Hedge Fund Really Make Its Money?
▼ + stars: | 2023-11-01 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +2 min

For years, the whispered questions have passed from one Wall Street trading floor to the next. Bridgewater Associates, a global investing force, had $168 billion under management at its peak in 2022, making it not just the world’s largest hedge fund, but also more than twice the size of the runner-up. Yet the hedge fund’s overall descriptions of its investment approach could be maddeningly vague. Mr. Dalio often said he relied on Bridgewater’s “investment engine,” a collection of hundreds of “signals,” or quantitative indicators that a market was due to rise or fall. (One rule reads, in part: “Not all opinions are equally valuable so don’t treat them as such.”)

Persons: Ray Dalio, Dalio, Bridgewater Organizations: Bridgewater Associates, Bridgewater, White, Federal Reserve Locations: Manhattan, Bridgewater

Ms. Ellis emerged from her plea hearing as a likely star witness for prosecutors, starting with the one who secured her cooperation, the Fulton County district attorney Fani Willis. Ms. Ellis is poised to be a potent weapon against Mr. Trump in the courtroom and on TVs. That is bad news for her former co-defendants — above all, Mr. Giuliani and Mr. Trump. Ms. Ellis was most closely associated with Mr. Giuliani, appearing by his side in Georgia and across the country. Ms. Ellis’s likely trial testimony will also hit Mr. Trump hard.

Persons: Ellis, Fani Willis, Chesebro, Powell, “, Trump, Giuliani, Ellis’s, MAGA Organizations: Mr Locations: Fulton County, Georgia

☆ Morgan Stanley Names Ted Pick, a Bank Veteran, Its Next C.E.O.
▼ + stars: | 2023-10-25 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +2 min

Pick, 54, joined Morgan Stanley in 1990 and rose through the ranks in its investment banking and trading businesses, most recently serving as a co-president overseeing those units. In an interview, he said he hadn’t found out that he would be named chief executive until around 4:30 p.m. Wednesday, when the bank’s board of directors called him into a meeting and welcomed him with a standing ovation. He stands to inherit a very different bank from the one Mr. Gorman took over after the 2008 financial crisis. The power struggle was captured in “Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley,” by the journalist Patricia Beard. With a strong technology banking practice, Morgan Stanley played a central role last year in Mr. Musk’s takeover of Twitter, now known as X.

Persons: Pick, Morgan Stanley, hadn’t, Gorman, Morgan Stanley’s, John J, Mack, Philip J, Purcell, ”, Patricia Beard, Smith Barney, Morgan Organizations: Credit Suisse, Elon, Twitter

☆ Former Trump lawyer Ellis pleads guilty in Georgia, could testify against Trump
▼ + stars: | 2023-10-24 | by ( Andrew Goudsward | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

WASHINGTON, Oct 24 (Reuters) - A former lawyer for Donald Trump, Jenna Ellis, pleaded guilty on Tuesday to helping the then-U.S. president's efforts to overturn his 2020 election defeat in the state of Georgia and agreed to testify against Trump if called upon. "What I did not do and should have done, your honor, was to make sure that the facts the other lawyers alleged to be true were in fact true," Ellis told Fulton County Superior Court Judge Scott McAfee. Ellis, 38, pleaded guilty to aiding and abetting false statements and writings. Prosecutors said she attended a meeting with Georgia lawmakers where Trump personal lawyer and former New York Mayor Rudy Giuliani made false claims about voting irregularities. It is unclear what Powell, Chesebro and Ellis have told prosecutors or how broad their testimony could be.

Persons: Donald Trump, Jenna Ellis, Trump, Ellis, Sidney Powell, Kenneth Chesebro, Fani Willis, Scott McAfee, Democrat Joe Biden, Willis, Jay Abt, Prosecutors, Rudy Giuliani, Giuliani, Scott McAfee’s, Amy Lee Copeland, Powell, Chesebro, Biden, Copeland, Andrew Goudsward, David Ljunggren, Scott Malone, Jonathan Oatis Organizations: Trump, Fulton, Republican, Democrat, New York, MSNBC, Thomson Locations: Georgia, Fulton County, Atlanta, Fulton, Scott McAfee’s Fulton, Atlanta , U.S

☆ Trump’s Loss of Loyalty
▼ + stars: | 2023-10-24 | by ( Susan Milligan | ) www.usnews.com time to read: +7 min

But for Trump, Ellis' plea was especially damaging, since it underscored the steady evaporation of something Trump has demanded from staff and associates since his days as a New York businessman: loyalty. "If I knew then what I know now, I would have declined to represent Donald Trump in these post-election challenges. The three former Trump lawyers who pleaded guilty in Georgia were facing some serious potential consequences, he noted, including not just time behind bars but the loss of their law licenses – and that may take priority over honoring Trump's demands for loyalty. "This is not about Donald Trump vs. Michael Cohen," Cohen said as he entered the New York courtroom. You saw Donald Trump try to walk away from Sidney Powell – despite documentary evidence that he had called her his lawyer.

Persons: Donald Trump, Jenna Ellis, Ellis, Trump, Sidney Powell, Kenneth Chesebro, “, ”, Powell, Chesebro, David Becker, Becker, Republicans –, –, Tom Emmer, Joe Biden, Jim Jordan of, Jordan, Emmer, Trump's, Team Trump, Michael Cohen, Cohen, ” “, it’s, ” Trump, Mark Meadows, Meadows, Jack Smith, Smith, Norman Eisen, Sidney Powell –, That’s, Bunny, Amy Lee Copeland, Rouse, Copeland, ” Copeland Organizations: Trump, Donald Trump View, Election Innovation, Research, D.C, Hill, Republicans, Team, New, ABC News, ABC Locations: Georgia, New York, Georgia’s Fulton County, New York City, Washington, Minnesota, Jim Jordan of Ohio, Meadows, Savannah , Georgia

“Partial-birth abortion” is a non-medical term for a procedure known as dilation and extraction, or D&X, which is already federally prohibited. “It would allow a partial-birth abortion,” Ohio Gov. “If the federal law prohibits a particular technique, then that’s going to prevail over a state law that might be inconsistent,” he said. DeWine was serving in the U.S. Senate when the Partial-Birth Abortion Ban Act was passed in 2003. “‘Partial-birth abortion’ is a made-up term that only serves to create confusion and stigmatize abortion later in pregnancy,” she said.

Persons: hasn't, ”, Mike DeWine, we’ve, —, Dan Kobil, Jonathan Entin, DeWine, George W, Bush, Dan Tierney, Kobil, it’s “, Dave Yost, “, he’s, Kelsey Pritchard, Susan B, Anthony Pro, Amy Natoce, ” Mae Winchester, “ ‘, ’, “ It’s, it’s, Martin Haskell, Haskell, Mike Gonidakis, ” Haskell, Kellie Copeland, ” Ohio hasn’t, Pritchard, Christine Fernando Organizations: Republicans, ”, ” Ohio Gov, Capital University, Constitution, Case Western State University, “, Supreme, U.S . Senate, U.S, Republican, The Ohio, America, Biden Administration, Protect Women, Ohio, Ohioans United, Reproductive Rights, Health Department, Associated Press Locations: COLUMBUS , Ohio, Ohio, U.S, ” Ohio, Columbus, U.S ., The, Protect Women Ohio, Cleveland, Chicago

☆ For Goldman Sachs, No Bad News Is Good News After a Brutal Stretch
▼ + stars: | 2023-10-17 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

The bank’s third-quarter profit fell about a third from a year earlier, to $2.1 billion, though that drop was expected. Trading revenue stayed steady, an encouraging sign given the slowdown in such activities across Wall Street in face of a potential recession. “We’re confident that the work we’re doing now provides us a much stronger platform for 2024,” the bank’s chief executive, David M. Solomon, said in a statement. It has been a year to forget for Goldman and Mr. Solomon. Mr. Solomon has contended with what amounts to a staff revolt, by the buttoned-up standards of a Wall Street bank, as scores of prominent partners have departed and others have complained about his unyielding management style.

Persons: Goldman Sachs, David M, Solomon, Goldman, Lloyd C, Mr Organizations: Wall, Mr

Copeland spoke with The Associated Press about her new focus, fighting for more inclusive emojis, and staying in shape. She wants to push the boundaries and it didn’t matter what question I asked her, she was going to push me (laughs) in every way. That to me is like the grand scheme theme is that art saves lives, and dance and ballet can be inclusive. AP: Why did you start a petition to create new emojis related to dance that are more inclusive? All of these things that I think are such an incredible evolution of where I’ve come from as an artist and as a Black artist.

Persons: Misty Copeland, Copeland, Nathaniel Mary Quinn, Twlya Tharp, Tharp, COPELAND, Twyla, I’ve, we’ve, she’s, Misty, Quinn, it’s, Tik, I’m, ABT, Derek Jeter, Wayne Gretzky Organizations: American Ballet Theatre, PBS, Associated Press, Twitter, Misty Copeland Foundation, Lincoln Center Locations: It’s

☆ Billionaire Bridgewater founder Ray Dalio says he's focusing on running his family office, not returning to run the world's largest hedge fund
▼ + stars: | 2023-10-03 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

Ray Dalio says he's not plotting a comeback to Bridgewater, the fund he founded in 1975. Speaking at a Greenwich conference Tuesday, Dalio denied a New York Times report saying he might return. He said he will focus on running his family office and mentoring Bridgewater's leadership team. Dalio is building out his family office with a new office in Abu Dhabi and hiring in its other hubs in the US and Singapore, according to Bloomberg. The world's largest hedge fund is now being run by Nir Bar Dea, who has already shaken up the firm with a restructure and layoffs.

Persons: Ray Dalio, he's, Dalio, —, Mark Baumgartner, Rob Copeland, Nir Bar Dea Organizations: Bridgewater, New York Times, Service, Bridgewater Associates, Carnegie, Greenwich Economic, Times, Wall Street, New York Post, Bloomberg Locations: Greenwich, China, Westport , Connecticut, Abu Dhabi, Singapore, Bridgewater

In its first statewide TV ad, which began airing this past week, the opposition campaign Protect Women Ohio went in yet another direction. Protect Women Ohio is funded largely by the campaign arm of Susan B. Anthony Pro-Life America, a leading national anti-abortion group. Zanotti said it has chosen to run its own campaign against the Ohio amendment focused on its phrasing and legal reach. That bill was nearing introduction this summer when another anti-abortion activist active in the Protect Women Ohio campaign pressured the sponsor to spike it, Beigel said. Their concern was that publicity over the bill would generate backlash and make it harder to defeat the abortion rights amendment, which had just qualified for the fall ballot.

Persons: Donald Trump, Joe Biden, Terry Casey, ‘, ” Casey, Ohioans, Court’s, Roe, Wade, Vermont —, David Zanotti, it’s, ”, “, Dobbs, Susan B, Anthony Pro, Kellyanne Conway, ” Conway, Marjorie Dannenfelser, Ohio Republicans ’, resoundingly, Zanotti, Brian Hickey, Austin Beigel, Anthony, —, Beigel, Ohio's, Mike DeWine, DeWine, Kellie Copeland, Copeland Organizations: —, Women Ohio, Republicans, Democrats, Ohio Republican, Ohioans United, Reproductive Rights, U.S, Democratic, American Policy, Jackson, Health Organization, Protect, Ohio, Trump, Ohio Republicans, American, Catholic Conference of, Catholic Conference, National, Protect Women Ohio, Republican, Gov, Catholic Locations: COLUMBUS , Ohio, Ohio, — California , Kansas , Kentucky, Michigan, Montana, Vermont, Dobbs v, United States, Washington, Catholic Conference of Ohio, Louisiana

☆ Billionaire Ray Dalio Pushes for Return to Hedge Fund in Succession Clash
▼ + stars: | 2023-09-15 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

Less than a year after retiring, Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, is threatening his former colleagues with the one thing they have worked hard to prevent: his return. The billionaire investor, who is 74, doesn’t necessarily want to come back to run the firm he founded 50 years ago. Bridgewater’s main fund has been on a downward slide since Mr. Dalio’s retirement. Some of Bridgewater’s top staff and board members, including its chief executive, Nir Bar Dea, whom Mr. Dalio appointed, have repeatedly told him that they will quit if he interferes. They fear that Mr. Dalio might use the proposed fund as a way to come back and reassert control, according to people briefed on internal deliberations but not authorized to speak publicly.

Persons: Ray Dalio, Dalio, Dalio’s, Nir Bar Dea Organizations: Bridgewater Associates Locations: Bridgewater

☆ Citi, Falling Behind Peers, Unveils ‘Uncomfortable’ Changes and Layoffs
▼ + stars: | 2023-09-13 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

Citigroup unveiled a wide-ranging management shake-up on Wednesday and its chief executive, Jane Fraser, admitted in unusually frank terms that the bank was headed in the wrong direction and said that for the foreseeable future her employees “might not enjoy it so much.”The global banking colossus said it would cut some divisions and move others to report directly to Ms. Fraser. Long known for its international arms, it will wind down some of its operations abroad and all but eliminate the overlapping, co-heads of various business lines. The firm’s three regional chiefs, who previously had wide authority to make decisions in their geographic areas, were eliminated. The changes amount to a public confession that the bank has failed to crack the upper echelon of its peers in areas like investment banking and wealth management since Ms. Fraser took over two and a half years ago. Citi’s stock is down 13 percent over the past year, though shares rose more than 2 percent on Wednesday after the bank announced the changes.

Persons: Jane Fraser, Fraser . Long, Fraser Organizations: Citigroup

When Mark Capps, 54, fell asleep several hours later, and Acuff and her mother Tara Capps, Mark Capps' wife, were able to leave the house and file a police report. Police later shot and killed Mark Capps when he pointed a gun at an officer after they tried to arrest him at his home. In a video call with Jeff Capps three weeks earlier, Mark Capps had put a gun to his own head. Meanwhile, Colleen Walters, who was a family friend, spoke with Mark Capps the day before his death. In the hours before Mark Capps began threatening his family, he had been drinking and taking pills, Tara Capps and Acuff told investigators.

Persons: Mark Capps, Zachery Silva, McKenzie Acuff, Silva, Acuff, Tara Capps, Jan, Jeff Capps, Juanita Copeland, Tracey West, Colleen Walters, Walters, Josh Swift, ” Swift, Swift, “, David Dyer, ‘, Dyer, Capps, Glenn Funk, Josh DeVine Organizations: Tennessee Bureau of, Police, American Foundation for Suicide Prevention, Associated Press, Partners, Mental Health Cooperative, Metro Nashville Police, Tennessee Bureau, Investigation, AP Locations: Tenn, Tennessee, Nashville

☆ Georgia indicted Trump for trying to overturn the 2020 election. Why hasn't any other state?
▼ + stars: | 2023-09-10 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

Georgia is the only state to indict Donald Trump for trying to overturn the 2020 election. Donald Trump and his merry band of indicted lawyers and fake electors tried to overturn the 2020 election results in Pennsylvania, Wisconsin, Arizona, New Mexico, and Michigan. Trump went further in Georgia than in any other state to overturn the results of the election. REUTERS/Elijah NouvelageIn addition to bringing criminal charges against Trump personally, Smith is examining other modes of interference in the 2020 election. "Those who wish to avoid felony charges in Fulton County, Georgia — including violations of Georgia RICO law — should not commit felonies in Fulton County, Georgia," Willis wrote.

Persons: Donald Trump, Trump, Fani Willis, David Graham, plumb, Norm Eisen, Amy Lee Copeland, Jack Smith, haven't, Elijah Nouvelage, Smith, Kathy Boockvar, Joe Biden, Boockvar, it's, Dana Nessel, Nessel, Alex Brandon Wisconsin, Josh Kaul, Aaron Ford, Josh Shapiro, Willis, schoolteachers, John E, Floyd, Eisen, Brad Raffensperger, Ronald Carlson, Brad, Joe Raedle, Jim Jordan of, shouldn't, —, Jordan, Floyd — Organizations: Service, Peach State, The New York Times ., Trump, DOJ, Capitol, New Mexico —, Justice Department, Washington, Washington Post, Security, Republican, RICO, Office, Brookings Institution, Biden, University of Georgia School of Law, Trump Force, State Locations: Georgia, Michigan , Wisconsin , Pennsylvania, Wall, Silicon, Pennsylvania , Wisconsin , Arizona, New Mexico, Michigan, Fulton County, Atlanta, The, Arizona, Pennsylvania, Nevada , New Mexico, Wisconsin, Michigan , Wisconsin, Georgia , Michigan, Fulton, Jim Jordan of Ohio, Fulton County , Georgia

“That’s my initial reaction.”The hearing was focused on a request by two defendants to separate their cases not only from the larger racketeering trial but also from each other. At least two defendants in the Georgia racketeering case have their dates set – attorneys Sidney Powell and Kenneth Chesebro – for Oct. 23. “You’ve got to consider the Georgia speedy trial statute,” says Amy Lee Copeland, former federal prosecutor and criminal defense lawyer in Savannah. “Chesebro and Powell demanded a speedy trial and, by statute, McAfee has to start the trial or start the jury empanelment. In 2014, she oversaw a 12-person racketeering case against a group of Atlanta teachers and principals who schemed to cheat on standardized tests, as well as a racketeering case last year against members of a street gang called Young Slime Life, which originally charged 28 people.

Persons: Donald Trump’s, Scott McAfee, “, McAfee, Fani Willis, Will Wooten, ” McAfee, Mark Meadows, Jeffrey Clark, ”, –, Donald Trump's, Trump, Stormy Daniels, he’s, Willis, Sidney Powell, Kenneth Chesebro –, “ You’ve, Amy Lee Copeland, “ Chesebro, Powell, that's, ” Copeland, Copeland Organizations: Fulton, White House, Justice, Circuit, District of Columbia, Capitol Locations: Georgia’s Fulton County, ” Fulton County, Fulton County, That’s, Atlanta, Georgia, New York, Florida, District, Washington, Savannah, That's

☆ Pension plans are pretty rare. Here's who still has them and how they work
▼ + stars: | 2023-09-07 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

But not all unionized workers have equal access to their employer’s DB plan. One sticking point in the UAW negotiations is to restore access to company pension plans that had been closed to anyone hired after the union accepted deep concessions in its 2007 contract. Why employers moved away from traditional pensionsMany employers started making the shift to 401(k) plans and other DC plans in the 1980s. The PBGC protects pension benefits and continues to pay retirees should their employer or its DB plan become insolvent. Retirement readiness at risk for millionsSimply having access to a workplace retirement plan isn’t enough to guarantee a secure retirement.

Persons: “ We’ve, ”, Karen Friedman, That’s, —, Craig Copeland, Copeland, won’t, “, Friedman, nonparticipants, — CNN’s Chris Isidore Organizations: New, New York CNN, United Auto Workers, Big Three, Pension, Center, Bureau of Labor Statistics, DB, UAW, General Motors, Chrysler, Congressional Research Service, Research Institute, ”, federal, Guaranty Corp, Workers, Social Security, Vanguard, Security Locations: New York

☆ 63% of workers unable to pay a $500 emergency expense, survey finds. How employers may help change that
▼ + stars: | 2023-08-31 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Secure 2.0 emergency savings provisionsThe Secure 2.0 legislation that was signed into law in December included two changes aimed at helping to make it easier for workers to access emergency cash. It may take another two to three years before the $2,500 emergency savings provision makes a difference, Copeland estimated. New awareness of need for emergency savingsHowever, experts say the legislative changes are still a big step forward for emergency savings. "This whole conversation has really brought to the fore the importance of emergency savings and emergency savings accounts," said Emerson Sprick, senior economic analyst at the Bipartisan Policy Center. Now, the financial industry, consumer advocates and others are starting to think about what comprehensive emergency savings coverage could look like, he said.

Persons: Joe Raedle, SecureSave, Devin Miller, Miller, Craig Copeland, Copeland, Emerson Sprick, We've Organizations: Getty, Workers, Research, IRS, Center Locations: Miami , Florida

☆ Brandon Copeland retires from NFL after 10 seasons
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrandon Copeland retires from NFL after 10 seasonsVeteran linebacker Brandon Copeland joins 'Halftime Report' to discuss his retirement announcement, Copeland's attempt to financially educate others, and what's next for Copeland.

Persons: Brandon Copeland, Copeland's, what's, Copeland Organizations: NFL

When Fulton County District Attorney Fani Willis filed criminal charges against former President Donald Trump and over a dozen of his allies for their attempt to overturn Georgia’s 2020 presidential election results, she did something ingenious. In contrast to Special Counsel Jack Smith’s latest laser-focused federal indictment of Mr. Trump, Ms. Willis charges a wide range of conspirators from the Oval Office to low-level Georgia G.O.P. functionaries and is the first to plumb the full depths, through a state-focused bathyscope, of the conspiracy. Her case also provides other important complements to the federal matter: Unlike Mr. Smith’s case, which will almost certainly not be broadcast because of federal standards, hers will almost certainly be televised, and should Mr. Trump or another Republican win the White House, Ms. Willis’s case cannot be immediately pardoned away. It is a reminder of the genius of American federalism: When our democracy is threatened, states have an indispensable part to play in protecting it.

Persons: Fani Willis, Donald Trump, Georgia’s, Jack Smith’s, Mr, Trump, Willis, plumb Organizations: Republican, White, Georgia Locations: Fulton County, Georgia

☆ The Georgia Case Against Trump Is The Simplest and Most Direct - The New York Times
▼ + stars: | 2023-08-15 | by ( David French | ) www.nytimes.com time to read: +2 min

The best way to think about Georgia’s sprawling indictment against Donald Trump and his allies is that it is a case about lies. But it also answers two related questions: Why bring yet another case against Trump in yet another jurisdiction? The answers lie in the distinctions between state and federal law. Georgia law is in many ways both more broad and more focused than the federal statutes at issue in Smith’s case against Trump. Yet it’s the focus of Georgia law that’s truly dangerous to Trump.

Persons: Donald Trump, Jack Smith, Fani Willis, Norm Eisen, Amy Lee Copeland, that’s Organizations: Trump, Fulton, Washington , D.C, The Times, USC Locations: Michigan, Fulton County, Washington ,, Georgia

☆ CBS News President Steps Down
▼ + stars: | 2023-08-13 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: 1 min

The CBS News president Neeraj Khemlani stepped down on Sunday after a little more than two years in his post, the latest executive reshuffling in a tumultuous period for television news. Mr. Khemlani had been in charge of flagship programs such as “CBS Evening News,” and “60 Minutes.” He will remain at CBS in a different capacity, he told staff in an internal email. He has signed a multiyear deal to develop content for the conglomerate, including documentaries, series and books. “It’s an opportunity that will allow me to write, report and develop stories that I’ve long wanted to pursue,” Mr. Khemlani said in the email. He had been co-head of the news division with the local news veteran Wendy McMahon, who will remain in her role.

Persons: Neeraj Khemlani, reshuffling, Khemlani, “, ” Mr, Wendy McMahon Organizations: CBS, CBS Evening

☆ Zuckerberg Says It’s ‘Time to Move On’ From ‘Cage Fight’ With Musk
▼ + stars: | 2023-08-13 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

The will-they-or-won’t-they drama between Elon Musk and Mark Zuckerberg over a potential “cage fight” appeared on Sunday to end with a whimper, as Mr. Zuckerberg said that Mr. Musk’s delays and excuses had rendered the discussion moot. In a post to his nascent social-networking platform, Threads, Mr. Zuckerberg, the chief executive of Meta, wrote, “I think we can all agree Elon isn’t serious and it’s time to move on.” He included the hint of a taunt, “If Elon ever gets serious about a real date and official event, he knows how to reach me.”Mr. Zuckerberg’s message seemingly ended the suspense around a stranger-than-fiction summer of tension between the technology titans. Less than two months ago, Mr. Musk mused that he was “up for a cage match.” That was just before Instagram, owned by Meta, introduced Threads as a competitor to Mr. Musk’s Twitter (now renamed “X”). Whether or not he was serious at the time, intermediaries between the men began sketching out the contours of a match. Both executives continued to fan the flames; Mr. Zuckerberg posted photographs of himself shirtless in training, and Mr. Musk said in posts on X that the event could happen in Italy.

Persons: Elon Musk, Mark Zuckerberg, ”, Zuckerberg, “, Elon isn’t, Elon, Mr, Musk’s, Musk Organizations: Elon, Meta, Musk’s Twitter Locations: Italy

☆ Goldman’s C.E.O. Is Stuck, Without a Clear Lifeline
▼ + stars: | 2023-08-11 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

Mr. Solomon had not been expecting it. He made it clear to Mr. Solomon that his patience was waning, according to three people briefed on the conversation. Mr. Solomon, politely but firmly, turned Mr. Blankfein down. It has been a slog for Mr. Solomon. It isn’t just Mr. Blankfein who is fed up.

Persons: Lloyd Blankfein, David Solomon, Goldman Sachs, Solomon, Blankfein, Solomon’s, Goldman

☆ Ecuadorean Presidential Candidate Assassinated During Rally
▼ + stars: | 2023-08-10 | by ( ) www.wsj.com time to read: 1 min

How This Virginia Aquaculture Farm Raises Four Million Oysters for MarketWard Oyster Co. is one of the largest cage oyster farms on the East Coast, selling 4 million oysters and tens of millions of larvae each year. But it takes years for oysters to mature, and in that time, a lot can go wrong. Photo: Graham Copeland

Persons: Graham Copeland Locations: Virginia, East Coast

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