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☆ Former Avenue Capital employee in a legal fight with billionaire boss Marc Lasry claims she was offered $5 million to 'settle without an attorney'
▼ + stars: | 2024-10-30 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

A former Avenue Capital fundraiser claims Marc Lasry offered her a $5 million settlement in May. Earlier this month, Lasry filed a lawsuit against Gina Strum, claiming she was trying to extort $50 million. AdvertisementBillionaire Avenue Capital cofounder Marc Lasry offered a former female employee who accused him of years of sexual harassment a $5 million settlement in May, according to new legal filings from Gina Strum's lawyers. The suit included texts and emails from Strum that Lasry's legal team said demonstrated Strum's obsession with her billionaire boss. AdvertisementDays after Lasry filed his suit, Strum responded with her own lawsuit, claiming years of sexual harassment and unwanted touching from Lasry.

Persons: Marc Lasry, Lasry, Gina Strum, —, Gina Strum's, Plaintiff Lasry, doesn't, Strum, CK, Marc Lasry's, Hoffler Organizations: Capital, Service, Milwaukee Bucks, Democratic, Strum Locations: New York

☆ Former Avenue employee accused of 'blackmailing' billionaire Marc Lasry countersues, claiming sexual harassment including forced kissing, groping, and comments about her body
▼ + stars: | 2024-10-24 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

Gina Strum, the former Avenue Capital employee accused of blackmailing her boss, countersued. AdvertisementIn response to Avenue Capital's lawsuit against her, former fundraiser Gina Strum has countersued, accusing her former bosses, including billionaire Marc Lasry, of sexual harassment and gender discrimination. A spokesperson for Avenue said: "Ms. Strum's allegations are completely false and represent her further attempt to malign the reputations of Mr. Lasry, Ms. Gardner, and Avenue for financial gain." Related storiesUnlike Lasry's suit, which accused Strum of "blackmailing" him, Strum's lawsuit does not include extensive written evidence, such as texts or emails of the harassment. AdvertisementOther eye-catching bits of Strum's suit include accusations that Lasry:

Persons: Gina Strum, Marc Lasry, —, Sonia Gardner, Daniel Kaiser, CK Hoffler, Jesse Jackson, Lasry —, Strum, Lasry, Gardner, Strum —, Jane, Martin Gantz, Lasry's Organizations: Capital, Service, Avenue, Milwaukee Bucks, Lasry, New York Locations: New York, Instagram, New York City

☆ Billionaire Marc Lasry claims in a new lawsuit that a former employee is trying to extort him for $50 million. Here are the most eye-catching excerpts.
▼ + stars: | 2024-10-22 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +6 min

The lawsuit alleges that Strum was demanding $50 million from Lasry or she threatened to make things "really, really, ugly." In the suit, Lasry, the former owner of the NBA's Milwaukee Bucks and a longtime Democratic megadonor, alleges that his former employee, Gina Strum, was trying to extort him for $50 million. The suit states that Lasry rebuffed Strum's advances, but that did not stop the flow of texts. "Ms. Strum wrongly asserted that Ms. Gardner's 2022 surgery should have been disclosed to Avenue's investors, because according to Ms. Strum, Ms. Gardner was in poor health and had not been working for the last two years," the suit reads. "When Ms. Strum received the attention and the money she sought, she routinely complimented Plaintiffs," the suit states.

Persons: Marc Lasry, Gina Strum, Strum, —, Sonia Gardner, Democratic megadonor, Lasry, Gardner, Daniel Kaiser, Kaiser, Strum's, doesn't, Gardner's, Strum vindictively, Strum — Organizations: Capital, Service, Milwaukee Bucks, Democratic, Bloomberg Locations: New York

☆ Parents are turning to a 'paid village' to handle childcare and cleaning. Costs range from $500 to $2,600 a month.
▼ + stars: | 2024-10-02 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

Despite that unpaid support, Johnson and her husband pay $2,600 a month for childcare and cleaning — the sort of paid village Johnson says is essential when both parents are working. Parents around the country are struggling to pay for childcare costs — which are often higher than a mortgage or rent. Here's what five other parents pay to create the village they need to survive. AdvertisementDay care for the two younger kids costs $650 every two weeks, or over $1,300 monthly. "I think there's a lot of unnecessary guilt and shame that can come up with having a 'paid' village,'" she said.

Persons: —, Amy Johnson, Johnson, Amy Baby, It's, Katie Nostrum, Jessica Lemmons, Lemmons, L'Oreal Thompson Payton, Thompson Payton, Miriam Udy, Oluese, she's Organizations: Service, Department of Labor, L'Oreal, San Francisco Bay Area Locations: Cleveland, North Dakota, Texas, Bryan , Texas, Chicago, Tennessee, San Francisco Bay, Knoxville , Tennessee, New York, They're

☆ The rise of STEM influencers: 3 top takeaways from a conference that serves as an annual science fair for YouTubers
▼ + stars: | 2024-06-17 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +8 min

All of this, and more, took place last week at Open Sauce, the annual STEM conference for makers and content creators. It also featured three large exhibit halls filled with unique inventions created by students, engineers, makers, and content creators. The conference offered sessions from dozens of YouTube's top STEM creators, including Osman, Adam Savage, Mark Rober, Astro Alexandra, and Nile Red. Related storiesHere are three key takeaways from this year's Open Sauce:YouTuber and engineer Mark Rober on stage at Open Sauce. Some industry attendees said Open Sauce felt similar to the early days of VidCon, the largest annual creator industry conference, because of its smaller, community feel.

Persons: —, William Osman, Osman, Amjad Hanif, YouTube's, Paul Bakaus, Alessandra Catanese, Adam Savage, Mark Rober, Astro Alexandra, Rober, Bakaus, Amanda Perelli, Derek Muller Organizations: Service, YouTube, Business, Smosh, Creators, Investment, Partners Locations: Cow, San Francisco, VidCon

☆ Why the Negro League stats belong in the MLB record books
▼ + stars: | 2024-05-30 | by ( Harry Enten | ) edition.cnn.com time to read: +12 min

Fortunately, we got to see other NLB players join an integrated MLB a short time into their careers. Bettmann Archive/Getty ImagesFormer NLB players who joined the integrated MLB got on base more frequently (.361) than the average (.324). Hulton Archive/Getty Images Robinson was a formidable athlete in college, lettering in four sports at UCLA. Bettmann Archive/Getty Images Robinson poses in the dugout with Dodgers teammates as he makes his historic debut on April 15, 1947. Rogers Photo Archive/Getty Images Robinson leaps into the air to try to turn a double play in 1952.

Persons: “, Major League Baseball’s, Neil Paine, –, Todd Peterson, White, Satchel Paige, Dizzy Dean, Mark Rucker, of Famer Dizzy Dean, ”, Dean, Paige, Willie Mays, Mays, Henry “ Hank ” Aaron, Aaron didn’t, Wes Westrum's, It’s, Don Newcombe, Jackie Robinson, Robinson, Rachel Isum, Johnny, Jorgensen, Harold, Pee Wee, Reese, Eddie Stanky, Rickey, Rogers, Richard Nixon, Paul Schutzer, Edd Roush, Bob Feller, Bill McKechnie, Cliff Welch, Ed Sullivan, Rachel, — Jackie Jr, David, Sharon —, Robert Riger, Jackie Robinson's, Larry Doby –, Hall, Hall of Famer –, Josh Gibson, Gibson’s, Gibson, Ty Cobb, Babe Ruth, Ruth, We’ll, Larry Doby, Stanley Weston, Doby, Cobb, Grover Cleveland Alexander, Walter Johnson, they’ll Organizations: CNN, Negro League Baseball, Major League, MLB, Negro League, Wrigley Field, White MLB, of Famer, White, Birmingham Black Barons, Indianapolis, National Leagues, New York Giants, Philadelphia Phillies, Polo, Bettmann, Getty, National League, Brooklyn Dodgers, Hulton, UCLA, US Army, Kansas City Monarchs, Negro Leagues, Sporting, Montreal Royals, Dodgers, New York Yankees, GOP, Republican, Hall of Fame, CBS, Freedom, American League, Hall of Famer, Baseball, Cleveland Indians, NL, AL Locations: Chicago, , New York, Cairo , Georgia, Pasadena , California, Los Angeles, New York, Stamford , Connecticut, Williamston , North Carolina, Bettmann, Anaheim , California

☆ THEN AND NOW: The cast of 'Willy Wonka and the Chocolate Factory' over 52 years later
▼ + stars: | 2024-01-23 | by ( Martha Sorren | ) www.businessinsider.com time to read: +1 min

Peter Ostrum was 12 when he played Charlie Bucket, and he stopped acting after the film. Peter Ostrum as Charlie Bucket (left) and in 2014 (right). Paramount Pictures; Steve Granitz/WireImage/Getty ImagesPeter Ostrum was scouted for the role of Charlie at 12 while he was participating in a local children's theater. No script existed at that point, so his audition consisted of him reading from Roald Dahl's novel "Charlie and the Chocolate Factory." Before retiring, he worked as a vet at New York's Countryside Veterinary Clinic, mainly working with dairy cows.

Persons: Peter Ostrum, Charlie Bucket, Steve Granitz, Charlie, Roald Dahl's, Willy Wonka Organizations: Paramount Pictures, American Veterinary Medical Association, Cornell University, Veterinary Clinic

☆ Bond traders prepare to brave 'painful' yield curve bets as rate hikes slow
▼ + stars: | 2023-08-09 | by ( Harry Robertson | ) www.reuters.com time to read: +5 min

Those moves have put the focus back on "steepening trades" - bets that shorter-dated yields will fall relative to longer-dated yields. "Everyone is now re-looking at these curve trades," said Olivier De Larouziere, chief investment officer for global fixed income at BNP Paribas Asset Management. "I would expect that in the next quarter, more people will start positioning for a steepening of the yield curve." That's led to a rare situation where the bond yield curve is "inverted". TIMING IS EVERYTHINGThe market moves over the last week highlight the risk of curve trades.

Persons: Lucas Jackson, Olivier De Larouziere, Fabio Bassi, That's, Alexandre Caminade, Anne Beaudu, Larouziere, JPMorgan's Bassi, Franck Dixmier, John Williams, Ostrum's Caminade, Harry Robertson, Sharon Singleton Organizations: Federal Reserve Bank of New, REUTERS, Bond, U.S, BNP, Management, U.S . Federal Reserve, European Central Bank, JPMorgan, Treasury, Ostrum, ECB, Allianz Global Investors, Reuters Graphics, New York Fed, New York Times, Thomson Locations: Federal Reserve Bank of New York, New York City, U.S, Europe, New

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