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LeBron James, right, and Maverick Carter participate in a Q and A after the premiere of the STARZ original series "Survivor’s Remorse" in Los Angeles. Los Angeles Lakers star LeBron James' entertainment business, SpringHill Co., has agreed to a merger of equals with Fulwell 73, the British television, film and music production company behind shows including "The Kardashians" and "Carpool Karaoke." Carter will be co-CEO of the combined company along with Leo Pearlman, Fulwell's managing partner. The deal will bring James' company increased scale to strike larger deals with media companies and streaming platforms, Carter said. The combined companies will be backed by investors including Fenway Sports Group, RedBird Capital Partners, UC Investments, Nike, Epic Games, Main Street Advisors and Eldridge Industries.
Persons: LeBron James, Maverick Carter, Ben Winston, Tom Werner, Carter, Leo Pearlman, Fulwell's, James, Adam Sandler, Winston, Eldridge Organizations: STARZ, Los Angeles . Los Angeles Lakers, SpringHill Co, SpringHill, CNBC, Netflix, NBA, Robot, Fenway Sports Group, RedBird Capital Partners, UC Investments, Nike, Epic, Street Advisors, Eldridge Industries Locations: Los Angeles, SpringHill, York
Why the C-suite is getting so big
  + stars: | 2024-11-15 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +8 min
Beyond the usual top jobs, some organizations now have chief experience officers, chief AI-ethics officers, and chief transformation officers. LinkedIn said in September that those were the fastest-growing C-suite roles on its platform from 2022 to 2023. Janet SherlockBut she said a lineup that includes a chief marketing officer, a chief information officer, and a chief customer-experience officer might indicate insufficient internal coordination. "Do I need a customer-experience officer whenever I have a chief commercial officer, a chief information officer, and a chief marketing officer?" Wiggins said that's why there's more pressure on C-suite leaders to act as a well-informed unit of experts rather than technical specialists.
Persons: Ram Charan, who's, Jason Saltzman, Charan, , they're, Jensen Huang, Janet Sherlock, Ralph Lauren, Sherlock, Christine Porath, Porath, Dorie Clark, Clark, Ty Wiggins, Russell Reynolds, Wiggins, remits Organizations: Bank of America, Verizon, Technologies, Nvidia, Elon, Tesla, University of North, Chapel, Columbia Business School, Workers, Russell Reynolds Associates Locations: Huang's, University of North Carolina
Not really, but Balsam Hill makes the closest I've seen. It weighs 4 ounces and seemed to depress the Balsam Hill tree's branches more than other trees I tested, like the one from Puleo International. But it's the most realistic artificial tree I've seen. AdvertisementThe bottom lineFor an artificial tree, the Balsam Hill Fraser Fir manages to be convincingly real when lit. $899.99 from Balsam Hill Originally $1,299.99 Save 31%AdvertisementMore Balsam Hill trees to consider
Persons: Jenny McGrath, Fraser, It's, you've Organizations: Business, Black, Puleo Locations: Balsam Hills, Balsam, Fir
A white former police officer who killed a Black man as he walked out of a garage four years ago in Columbus, Ohio, was found guilty of murder on Monday. Adam Coy, 48, faces life in prison for fatally shooting Andre Hill, 47, on Dec. 22, 2020. Coy was found guilty by a jury on all three counts: murder, reckless homicide and felonious assault. Protesters gather on Feb. 5, 2021, after former Columbus, Ohio, police officer Adam Coy was arraigned in the fatal shooting of Andre Hill. During the trial, Coy testified that he mistakenly believed Hill was holding a revolver when he fired four shots.
Persons: Adam Coy, Andre Hill, Coy, Hill, Stephen Zenner, ” Coy, , , Kaitlyn Stephens, Stephens, Anthony Pierson, ” Pierson Organizations: Coy, Getty, Columbus Police Department, NBC Locations: Columbus , Ohio, AFP, Columbus
Anxiety over the US election could be hurting some workers' productivity. One boss is considering letting his employees work remotely in the weeks after the election. She said some workers will be busy hitting refresh on news and social sites, looking for insight into how the election might swing. Yet that doesn't mean being overly indulgent or letting workers focus too long on issues that aren't germane to the business. Despite the widespread election worries, not every indicator signals that the vexing political climate is throwing off most workers.
Persons: , AJ Gareffa, they've, Gareffa, Macey, Felix Kim, he's, Kim, Gabriella Kellerman, Kellerman, Dorie Clark, That's, Clark, Christine Porath, Chapel Hill's, Porath, Discourtesy, it's, Gartner, hadn't, doesn't, It's Organizations: Service, Business, American Psychological Association, APA, Columbia Business School, University of North, Chapel, Flagler Business School, Human Resource Management Locations: Livonia , Michigan, Detroit, ResumeBuilder.com, New York City, University of North Carolina, Michigan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRep. Suzan DelBene: We need people in Congress who are interested in governingDemocratic Congressional Campaign Committee Chair and House Ways and Means Tax Policy Subcommittee member Rep. Suzan DelBene (D-Wash.) joins 'Squawk Box' to discuss the state of the 2024 election, Capitol Hill's balance of power, whether Democrats can take back control of the House and keep its Senate majority, future of tax policy, and more.
Persons: Suzan, Suzan DelBene Organizations: Democratic Congressional, Capitol Locations: Congress
There's a lot to like about private credit these days, according to Nuveen. "The private credit run isn't over yet," Saira Malik, the asset manager's chief investment officer and head of equities and fixed income, wrote in a recent report. How to invest While private credit is largely seen as an instrument for institutional investors, individual investors have also been moving into the space. "Over the next 10 years, I think the story is going to be much more about the democratization of private credit." Meanwhile, A-shares of the Franklin BSP Private Credit Fund have a $2,500 minimum investment and a 8.96% annualized distribution rate, as of Oct. 15.
Persons: Saira Malik, Malik, Ken Kencel, Kencel, Credit's, Nuveen, Churchill's, BDC Organizations: Churchill Asset Management, Nuveen, Blackstone Private Credit Fund, Blackstone, Franklin BSP Private Credit Fund, Ares Capital Corp, Fund, Owl Capital Corporation, Lending Corp Locations: Franklin
In today's big story, the stock market has officially enjoyed a bull rally for over two years. The big storyBullish on the bull marketNoam Galai/Getty ImagesHappy belated birthday to the stock market's bull rally! Stock market experts who spoke with Business Insider's Matthew Fox don't see things slowing down anytime soon . In fact, the average bull market lasts longer than five years, so we might not even be halfway to the finish line. The actual stock market is healthier, too, as it's no longer reliant on the Magnificent Seven's performance.
Persons: , Noam Galai, Insider's Matthew Fox, Chelsea Jia Feng, we've, Alex Brandon, Jamie Dimon, Ken Griffin, he's, Republican megadonor hasn't, BlackRock, Jett Lara, Augustus Doricko, Doricko, Roblox, Natalie Ammari, Inflation's, Z's, It's Elliott Hill's, Hill, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Nasdaq, Dow Jones, Stock, Insider's, JPMorgan, Republican, Citadel, Wall, Menlo Ventures, Nike, Columbus, District of Columbia Locations: Chelsea, Ukraine, El Segundo , California, a16z, New York, it's, Italian American, London
Nike veteran Elliott Hill started as the new CEO on Monday. Hill, a Nike veteran who retired in 2020, is tasked with getting the sneaker and apparel giant back on track. Related storiesThree decades with Nike — and now, a new chapterHill joined Nike in 1988 as an apparel sales representative intern, according to his LinkedIn profile. AdvertisementIndeed, Hill's long history at Nike is a contrast with his predecessor, John Donahoe, who joined the company as CEO in 2020. He will serve as president and CEO and hold a director position on Nike's board.
Persons: Elliott Hill, Hill, Nike, , He'll, Louise Deglise, he's, Thomas Roulet, John Donahoe, Donahoe, Matthew Friend Organizations: Nike, Service, Air Force, Air, Favre, GlobalData, Bloomberg, Nike —, University of Cambridge's Judge Business School, eBay
Nagel: This is the step in the right direction for Nike.
  + stars: | 2024-10-14 | 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 EmailNagel: This is the step in the right direction for Nike. Brian Nagel, Senior Analyst at Oppenheimer & Co., discusses Elliott Hill's appointment as Nike's CEO. He believes this change signals a 'back to basics' strategy focused on product innovation and rebuilding relationships with wholesale partners.
Persons: Email Nagel, Brian Nagel, Elliott Hill's Organizations: Nike, Oppenheimer, Co
A Black Workday employee sued the company, claiming race and disability discrimination. AdvertisementA Black Workday employee filed a race and disability discrimination lawsuit against his employer after it sent police to his house for a "wellness check" while he was being treated at a hospital and had requested medical leave. He also sent a completed leave request form and said he would file the required Family and Medical Leave Act paperwork soon. On October 20, 2022, while he was still at the hospital, Workday sent police to his house for a "wellness check." In May 2023, Hill went on approved disability and medical leave, although he said he was denied long-term disability leave.
Persons: Anthony Hill, , Hill, Hill's, Cassie Lenning, Lenning, didn't, Anthony, George Floyd, Breonna Taylor Organizations: Service, Business, Department, Labor, Court, District of Columbia Locations: Northern, California's, California, Maryland, Montgomery County
Business: Reservoir Media operates a music publishing business, a recorded music business, a management business and a rights management entity in the Middle East. It operates through two segments: Music Publishing and Recorded Music. The Music Publishing segment is involved in the acquisition of interests in music catalogs, from which royalties are earned, as well as signing songwriters to agreements. The Recorded Music segment acquires sound recording catalogs and discoves recording artists, as well as markets, distributes, sells and licenses the music catalogs. After 12 years as a private company, RSVR went public in July 2021.
Persons: Joni Mitchell, Isley, Billy Strayhorn, Hoagy Carmichael, John Denver, Ali Tamposi, Jamie Hartman, Oak Felder, Steph Jones, Hans Zimmer, RSVR, Roth, Adam Rothstein, Irenic, SPACs, Khosrowshahi, Hipgnosis, Richmond Hill's, Ryan Taylor, Ken Squire Organizations: Reservoir Media, Publishing, Reservoir, Blackstone, Richmond Hill Investments, Richmond, 13D Locations: RSVR, Richmond
A Ukrainian drone commander says his unit can use $100 million to carry out 5,000 lethal strikes, per The Atlantic. The big takeaway was that, on average, for each $20,000 spent on his unit, Ukraine could score one kill on Russian forces. According to The Atlantic's writers, the commander's slides said that a drone unit funded with $100 million could stay on the battlefield for a full year, carrying out 5,000 lethal strikes. AdvertisementThe commander is based out of Kharkiv, according to his Telegram channel, which publishes clips of his drones attacking Russian forces and equipment. In February, Ukraine's then-military chief, Valerii Zaluzhnyi, called for a mindset shift away from a reliance on Western aid and instead toward cheap drones.
Persons: , Karl Marlantes, Elliot Ackerman, Achilles, David Hambling, Joe Biden, Donald Trump, Vladimir Putin, Biden, Ukraine's, Valerii Zaluzhnyi, Stanislav Ivanov, Oleksandr Syrskyi, Oleksandr Kamyshin, Jake Epstein, Volodymyr Zelenskyy Organizations: Service, West, 92nd Assault Brigade, Ukraine, Capitol, Kyiv wanes, Kiel Institute, Getty Locations: Ukrainian, Ukraine, The, Russia, China, Iran, Kharkiv, Kyiv
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStill a supportive environment for continued appreciation of equities: Sand Hill's Brenda VingielloBrenda Vingiello, Sand Hill Global Advisors CIO, joins 'Squawk Box' to discuss the latest market trends, the appeal of bonds, and more.
Persons: Brenda Vingiello Brenda Vingiello Locations: Sand
Nike's new CEO has a big uphill struggle ahead
  + stars: | 2024-10-01 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +2 min
Elliott Hill is preparing to start as the CEO of Nike amid revenue decline and market challenges. Nike's Q1 fiscal 2025 earnings report shows a 10% revenue drop to $11.6 billion. AdvertisementNike's new CEO will have several challenges to overcome when he takes over in less than two weeks. Nike released its first-quarter fiscal 2025 earnings report on Tuesday, and revenue declined 10% from the previous year to $11.6 billion. Hill, who's scheduled to start as CEO on October 14, wasn't present for Tuesday's earnings call.
Persons: Elliott Hill, , wasn't, Hill's, Matthew Friend Organizations: Nike, Service, Force Locations: Maine, Texas
An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas. Nike will report quarterly earnings Tuesday as investors brace for another set of less-than-stellar results. The company announced in September that CEO John Donahoe would be stepping down. In September, Nike announced that Donahoe would be stepping down and would be replaced by company veteran Elliott Hill, who is scheduled to take the helm Oct. 14. The incoming CEO will need to power up Nike's innovation pipeline, reset its relationships with wholesalers and improve morale after a series of layoffs and a breakdown in culture.
Persons: John Donahoe, it's, Donahoe, Elliott Hill, Hill Organizations: Nike, Air Force, Air Jordan, Consumer Locations: Barton, Austin , Texas, U.S
Nike (NKE) and Lululemon (LULU) are two of the most well-known athleisure stocks. NKE YTD mountain Nike, year-to-date The tricky bit is that the promise of that strategic shift will not be reflected in the company's trailing results when they report this week. Buy NKE March 21 $90 call Sell Oct. 18 $95 call Why did I also include Lululemon, another athleisure laggard, in this? Unlike Nike, Lululemon is still growing, albeit slower than it had been previously. LULU YTD mountain Lululemon, Year-to-date However, Lulu is now trading about 20 times forward earnings estimates, a significantly lower multiple than Nike, trading at 26 times forward profits.
Persons: LULU, Lulu, Elliott Hill, John Donahue, Donahoe Organizations: Nike, Nike flatlined, CNBC, NBC UNIVERSAL Locations: Swiss, LULU
Nike's new CEO, Elliott Hill, started as an intern and climbed the corporate ladder over 30 years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNike's incoming CEO is no stranger to the sports apparel company, beginning as an intern and working his way all the way up to the top spot.
Persons: Elliott Hill, , John Donohoe Organizations: Service, Nike, Business
Nike veteran Elliott Hill is returning to lead the company as its CEO, replacing John Donahoe. The company offered Hill $27 million in compensation, $2 million less than Donahoe's 2023 earnings. Go to newsletter preferences Thanks for signing up! AdvertisementNike has found a new leader, but they'll be paying him more than $2 million less than the salary of the company's outgoing CEO. On Thursday, the sports giant announced that Elliott Hill, a company veteran, will take over outgoing CEO John Donahoe on October 14.
Persons: Elliott Hill, John Donahoe, , they'll Organizations: Nike, Hill, Service, Securities and Exchange, Business
Nike's CEO is stepping down, and some on Wall Street appear to be lukewarm about the news. On Thursday after the bell, the sneaker giant announced that CEO John Donahoe will be retiring on Oct. 13. Wells Fargo maintained its overweight rating and increased its target by $9 to $95, implying more than 17% upside ahead. "We expect multiple expansion commensurate with Hill's hire — as leadership has been a large point of contention and controversy surrounding the stock," analyst Ike Boruchow wrote in a note. Bernstein, which has an outperform rating on Nike, expects the turnaround "will take time," but said market sentiment will be sympathetic.
Persons: John Donahoe, Elliott Hill, Jay Sole, Sole, Morgan Stanley, Alex Straton, Straton, Wells Fargo, , Ike Boruchow, Bernstein, Aneesha Sherman Organizations: UBS, Nike, JD, Bank of America Locations: FL
Read previewNike's incoming CEO is an old face in the company, having worked his way up the ranks from intern to C-Suite exec. He's set to take over Nike's outgoing CEO, John Donahoe, who has led the company since 2020. This story is available exclusively to Business Insider subscribers. According to Hill's biography, which Nike shared with BI, he started in the company as an apparel sales representative intern in 1988. AdvertisementNike representatives did not respond to a request for comment from Business Insider sent outside business hours.
Persons: , Elliott Hill, He's, John Donahoe, Hill's, Hill, I'm, I've, Tom Peddie, Peddie, Locker, David Daniels, Daniels, Peter Cappelli, Cappelli, Elliot Hill, he's, Justin Sullivan, Jim Duffy, BI's Lloyd Lee, Duffy, they've, Ursula Burns, Burns Organizations: Service, Business, Nike, BI, NIKE, — Consumer, National University of Singapore, Wharton School, University of Pennsylvania, Stifel, Xerox, Columbia University, Business Insider
CNN —Miami Dolphins star Tyreek Hill admitted some regrets about his actions during his pre-game detainment on Sunday but called for the officer who restrained him to be taken off the force. Earlier Wednesday, Hill’s attorney representing Miami Dolphins star Tyreek Hill called for the immediate firing of the officer at the center of Sunday’s controversial traffic stop outside Hard Rock Stadium in Miami Gardens, Florida. “Each action that a law enforcement official (takes) is governed by standard operating procedures,” attorney Julius Collins said in a letter shared with CNN. Miami Dade Police DepartmentThe officer puts his right arm around Hill and brings him to sit on the sidewalk. Miami Dade Police DepartmentFinally, the attorney connected Hill’s detainment to broader concerns about how police interact with Black people.
Persons: Tyreek Hill, ” Hill, , , I’ve, Hill, Tyreek, Julius Collins, Danny Torres, ” Collins, Dan Le Batard, Drew Rosenhaus, Collins, Stephanie V, Daniels, “ I’m, ” Daniels, Torres, ” Torres, Ignacio Alvarez, Israel Reyes, Pro Bowler Organizations: CNN — Miami Dolphins, , Dolphins, NFL, Miami Dolphins, CNN, Miami, Dade Police, Miami Dade Police Department, Miami Dade Police, Miami - Dade Police Department, Jacksonville Jaguars Locations: Miami Gardens , Florida, Hill, Black
The officer knocks on the driver’s side window and asks why Hill does not have a seat belt on, and Hill tells him several times, “Don’t knock on my window like that.”A Miami-Dade motorcycle officer forcibly extracts Tyreek Hill from his vehicle Sunday. The window then goes up, prompting the officer to knock on the rolled-up window again and tell Hill to keep it down. an officer — not the one who pulled Hill over and knocked on his window — appears to say as Hill is on the ground, the video shows. In the video, Hill is saying something while he is on the ground, but the audio of what he says is hard to make out. "'What if I wasn’t Tyreek Hill?’ is a question that will carry with resounding impact."
Persons: Hill, We’re, he'll, , , ” Hill, Jonnu Smith, Calais Campbell, Campbell, handcuffing Campbell, It's, Drew Rosenhaus, Stephanie Daniels Organizations: NFL, Miami Dolphins, Dade, Miami Dade Police, Dolphins, NBC News, ” Dolphins, NBC South, Dade Police Locations: Miami Gardens, Miami, NBC South Florida, Tyreek
CNN —It’s been an eventful few days for Miami Dolphins star Tyreek Hill, who was detained by police ahead of his team’s opening game of the season on Sunday. Hill doesn’t answer and repeatedly says, “Don’t knock on my window like that.”The officer asks why Hill had his window up and says he had to knock to let Hill know he was there. If I wasn’t Tyreek Hill, worst-case scenario, we would’ve had a different article. Tyreek Hill got shot in front of Hard Rock Stadium, that’s worst-case scenario,” Hill said. “Following the incident involving Tyreek Hill, I have initiated an Internal Affairs investigation to ensure a thorough review of the matter.
Persons: CNN — It’s, Tyreek Hill, Hill, Stephanie V, Daniels, , don’t, bro, ” Hill, “ I’m, I’m, , CNN he’s, CNN’s Kaitlan Collins, I’ve, they’re, would’ve, Tyreek, ” Daniels, Drew Rosenhaus, “ Tyreek, ” Rosenhaus, – it’s, Rosenhaus, , ” Hill’s, Calais Campbell, Campbell, ” Campbell, didn’t, Sam Navarro, Pro Bowler, Jonnu Smith, Don’t, ” Steadman Stahl, ” Stahl, Jaylen Waddle, Megan Briggs, Daniella Levine Cava, ” Levine Cava, MDPD Organizations: CNN, Miami Dolphins, Jacksonville Jaguars, Police, Jaguars, Miami - Dade Police Department, CNN Hill, Internal, CNN News Central, ESPN, Dolphins, NFL, USA, Sports, Reuters, ” Police, South Florida Police Benevolent Association, Hill's, Getty Images Miami, Dade, AFC East, Buffalo Bills Locations: bro, Hill, America
The wide receiver was driving to the Dolphins-Jacksonville Jaguars game on Sunday when Miami-Dade police stopped him just outside Hard Rock Stadium, handcuffed him and put him face down on the pavement. "If I wasn't Tyreek Hill, Lord knows, I probably would have been, like, worst-case scenario, I would have been shot or would have been locked up" and "put behind bars, you know, for a simple speeding ticket," Hill told NBC News. Hill was cited for reckless driving and driving without a license, said his agent, Drew Rosenhaus. It was crazy how that same officer who took me down handcuffed Calais for just standing on the side." But she was running late Sunday and decided to travel to the stadium on her own, they said.
Persons: Hill, , Drew Rosenhaus, , Jonnu Smith, Calais Campbell —, Campbell, Walter Payton Man, he’s, , I’m, DeAndre Hopkins, Harold Carmichael, Charley Taylor, Carmichael, Taylor, Tua Tagovailoa, Jaylen Waddle, Keeta, Jesse Kirsch, David K, Li Organizations: MIAMI, Dolphins, Jacksonville Jaguars, Miami, Dade, NBC, Miami - Dade Police Department, Pro Football Hall of Fame Locations: Miami, Hill, Calais, Miami's, wasn't, New York City
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