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☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
▼ + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com time to read: +51 min

The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.

Hong Kong/Seoul CNN —South Korean internet company Kakao has become the largest shareholder of SM Entertainment, winning a battle for control of one of the country’s most iconic music agencies. Kakao and its entertainment unit have increased their stake in SM to 39.9%, they said in a Tuesday regulatory filing. In securing a controlling stake, Kakao has seen off rival HYBE, South Korea’s top music agency and home to boy band sensation BTS, after a bruising takeover battle. In a separate Tuesday filing, HYBE said it had sold some of its SM shares to Kakao, reducing its stake to 8.8%. Aespa is represented by SM Entertainment.

☆ UBS' uber-rich clients don't want to share the wealth (managers)
▼ + stars: | 2023-03-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Among the key things to remember was reopening the steam room at exactly 3:30 p.m. after its cleaning. Hayley has all the details from rich clients as well as industry analysts about why this whole thing could spell disaster. It's still early days, but the UBS-Credit Suisse deal might be the best example of something that makes sense on paper, but doesn't work in reality. Read more about why UBS acquiring Credit Suisse could lead to more headaches than huge wins for the Swiss wealth behemoth. And since we're talking BBQ, I'm required to share the funniest tweet in the history of Twitter.

☆ DA Fani Willis takes a breather from deciding Trump's fate in Georgia and parties with Shaq
▼ + stars: | 2023-03-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Fulton County DA Fani Willis was spotted partying with Shaq at his birthday party over the weekend. Willis is weighing whether to empanel a grand jury for criminal indictments against Donald Trump. A special grand jury Willis empaneled completed a report into Trump in January. If Willis now refers the case to a grand jury, it would have the power to bring criminal indictments. Criminal cases, such as the Manhattan and Georgia cases, typically get priority over civil cases in court calendars when they're running concurrently.

☆ Remember when Gillian Anderson wore this exposed thong on Oscars night?
▼ + stars: | 2023-03-10 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

When she turned around, her thong was fully visible, rising up from the ultra-low Eduardo Lucero jersey dress. Gillian Anderson's fashion choices for the 2001 Vanity Fair Oscars party have become an iconic early 2000s moment. Anderson told a panel in 2016 that the thong was a last-minute decision, not a planned style choice. But when I put it on, my pubic hairs poked through the dress,” Anderson told the moderator and the audience to raucous laughter. As for the fate of the Eduardo Lucero dress, Anderson donated it to a charity auction (sans thong) to benefit research into the genetic disorder Neurofibromatoses, according to her website.

Persons: Julia Roberts, Erin Brockovich, Benjamin Bratt, “, ”, Björk, Gillian Anderson, Eduardo Lucero, Gillian Anderson's, William Conran, wasn’t, Rose McGowan, Halle Berry, Roberts, Valentino, Jennifer Lopez’s, Anderson, I’m, I’d, ” Anderson, Bella Hadid’s, Alexa Demie —, Hailey Bieber, Alexa Demie, Gregg DeGuire, Bieber, Alexander Wang, angiescully ”, Lucero Organizations: CNN, Academy, MTV, Twitter, Yahoo Locations: Paris

☆ Shania Twain says the country music industry has regressed for women artists
▼ + stars: | 2023-03-10 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

"You know, male executives, most of the studio musicians were men, most of the managers were men, it was just more male-dominated in every sense. She recalled bracing herself to enter rooms with her female manager, and experiencing sexism and challenges that male artists weren't coming up against. They were embracing my way of making my music and my way of visualizing my music through photography and videos." Twain said this is shown by fewer new female artists emerging in country music than there once were, while the charts are typically dominated by men — or women collaborating with men. "Total annual spins" for male artists in radio's year-end reports increased from 5.8 million in 2000 to 10.3 million in 2018 for male artists; as spins for women fell from 2.8 million to 1.1 million over the same period.

☆ ExodusPoint is on the comeback trail after a rocky 2022
▼ + stars: | 2023-03-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

It's the beginning of the month, which means a chance to see how the top hedge funds are performing. But the top dog among large multi-strategy hedge funds was ExodusPoint. Click here to check out the performance of top hedge funds like Citadel, Millennium, and Point72. Working on Wall Street is so bad this woman left to clean up crime scenes. Stacey Foyster detailed how after a decade on Wall Street in risk analysis, she opted for a career change.

☆ Meet the Wertheimers, the secretive French brothers worth $96 billion who control Chanel, own vineyards in France and Napa Valley, and breed racehorses
▼ + stars: | 2023-03-04 | by ( Meira Gebel | Libertina Brandt | Avery Hartmans | ) www.businessinsider.com time to read: 1 min

The New York Times once described the brothers as "fashion's quietest billionaires." Gerard told The Times' magazine in 2002 that the family prefers being discreet. It's about everyone who works and creates at Chanel. Gerard, left, and Alain Wertheimer at the Prix de l'Arc de Triomphe at the Hippodrome de Longchamp in 2006. Michel Dufour/WireImage/Getty ImagesSource: The New York Times Magazine, The New York Times

☆ Ousted Tesla cofounder Martin Eberhard sounds off on Elon Musk, how the company has changed, and the EV wars
▼ + stars: | 2023-02-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +17 min

But Eberhard and Musk butted heads, and Musk ousted Eberhard from his CEO role in 2007. Musk said that Eberhard was holding up production of Tesla's first car, the Roadster, and that Eberhard was responsible for other operational issues. And the proof is for the first time ever in decades we built a car company successfully. "His behavior changed dramatically as soon as we started having press about Tesla," Eberhard said. Musk has said the company "is as much a software company as it is a hardware company."

☆ Inside Tracy Anderson's cutthroat fitness empire: Legal threats, paranoia, and trainers who say their bodies were 'breaking apart'
▼ + stars: | 2023-02-16 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

One day around 2015, a dozen or so gift boxes showed up at the Brentwood, California, studio of the celebrity fitness trainer Tracy Anderson. "It was an exclusive boutique fitness studio," the former New York trainer said. Darren Gerrish/WireImageThe method demanded that TA trainers, most of whom were also professional dancers, perform the strenuous workouts full out, every time. Let's help you do it correctly so you don't get injured,'" the former New York trainer said. "This is at a time where everyone is already overworked," one of the former New York trainers said.

☆ Pharrell, Now in Louis Vuitton Role, Has Long History in Fashion’s Spotlight
▼ + stars: | 2023-02-15 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

Well into his career as a pop megaproducer, Mr. Williams paired with Japanese fashion icon Nigo in the early 2000s to found the pioneering streetwear label Billionaire Boys Club. The pair also started a skateboarding-inspired shoe brand, Ice Cream. Jun Sato/WireImage for Nowhere Co.

☆ A husband-wife duo turned the $1,700 Snoo into the holy grail of parenting, but some say they run their company like a dysfunctional 'surveillance state'
▼ + stars: | 2023-02-13 | by ( Kate Taylor | Jake Swearingen | ) www.businessinsider.com time to read: +31 min

Karp and Montée Karp built the hype into a parenting-media empire that put out three books and two instructional films in 10 years. Karp and Montée Karp met at a Hollywood party in the early '90s. Karp and Montée Karp promised her independence and flexibility to accommodate her two young children's day-care schedules and a 90-minute commute. Karp and Montée Karp insisted on being involved in minutiae that most top executives hand off. Karp and Montée Karp turned the Snoo into an award-winning holy grail of parenthood in just a few years.

☆ Nina Montée Karp and Dr. Harvey Karp turned the $1,700 Snoo into the holy grail of parenting. But some say they overhyped the crib's abilities and created a nightmarish corporate culture.
▼ + stars: | 2023-02-13 | by ( Kate Taylor | Jake Swearingen | ) www.businessinsider.com time to read: +31 min

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

☆ Big Tech got crushed by falling ad prices, and the damage could last well into 2023. Here's exactly how much ads cost on Google, Meta, Amazon, YouTube, TikTok and Snap.
▼ + stars: | 2023-02-06 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +8 min

Meta, Google, and Snap reported declines in ad sales, or flat ad revenue, during the fourth quarter. Out of the four big ad-supported tech companies — Google, Meta, Amazon, and Snap — only Amazon reported that its ad business grew year-over-year in the fourth quarter. Meta's ad prices have declined as the company rebuilds its ad business with artificial intelligence after getting hit by Apple's app-tracking privacy crackdown. While CPMs fell year-over-year during the fourth quarter, ad prices were 7.2% higher in the fourth quarter compared to the third quarter, according to Northbeam. The average return on Meta ad spend during the fourth quarter was $1.96, up from $1.30 in the first quarter of 2022.

☆ Artifact: Instagram's founders are back with a new app
▼ + stars: | 2023-01-31 | by ( Jennifer Korn | ) edition.cnn.com time to read: +2 min

New York CNN —More than four years after Instagram’s founders left the company, they’re back with a new app. Kevin Systrom and Mike Krieger on Tuesday announced the launch of Artifact, an app that promises “a personalized news feed” powered by artificial intelligence. Unlike Instagram, the app is more focused on articles rather than photos. A main feed will display popular articles from large media organizations down to smaller bloggers, and a user’s feed will grow more personalized based on what they click on. Jim Bennett/WireImage/Getty ImagesAfter launching Instagram together in 2010, Systrom and Krieger sold the app to Meta for $1 billion in 2012.

☆ Diaries, ex-husbands, and mowing the lawn in high-heel boots: Inside the making of Netflix's Pamela Anderson documentary, 'Pamela, a Love Story'
▼ + stars: | 2023-01-28 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +11 min

Pamela Anderson. The legal pads and crates of diaries found near the VHS tapes would become the foundation for White's Pamela Anderson documentary. Pamela Anderson in "Pamela, a Love Story." Pamela Anderson and Tommy Lee. "The Pamela Anderson I know is very different from the Pamela Anderson in the show," White said.

A former Fox News employee sued the network Wednesday, alleging that the late Fox News chairman and CEO Roger Ailes sexually abused her for years. Ailes allegedly made it clear that if she tried to speak out or stop the abuse, Luhn would experience “severe personal humiliation and career ruin,” according to the suit. Luhn says in the suit that in 2011 she sent a letter to Fox’s general counsel detailing Ailes’ abuse. The suit says the network withheld over 30% of the payment for taxes. The sexual abuse that she suffered while working at Fox News was some of the worst imaginable,” said Luhn’s attorney, Barbara Whiten Balliette, a partner at Reid Collins & Tsai LLP.

☆ Every year, ‘Invasion Day’ forces Australia to confront some painful truths
▼ + stars: | 2023-01-27 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +13 min

Victoria’s state government called time on Melbourne’s Australia Day parade after two years of Covid cancellations, and Kmart, a normal go-to for party supplies, announced it wouldn’t be stocking traditional Australia Day merchandise – clothing, plates, napkins and other memorabilia draped in the Australian flag. Cooper is among a growing band of Indigenous allies who now refer to Australia Day as Invasion Day or Survival Day, after learning more about the nation’s history from those who suffered. Every year, Australia Day – or Invasion Day – forces a difficult conversation about those left behind, and what role everyone can play in finding a way forward. And it really is for many.”The Australia Day Live 2023 concert at Sydney Opera House on January 26, 2023. In the far western Queensland town of Boulia, Beck Britton had been worried that her attempts to throw an Australia Day party could fall flat.

Persons: Fred Leone, ” Leone, ”, Leone, Hilary Whiteman, Union Jack, Kate Darian, Smith, “ It’s, Christine Cooper, she’s, “, Cooper, ” Cooper, Cooper’s, they’re, ” Darian, Karlie Brand, Don Arnold, WireImage, Tracey Hanshaw, Aunties, Beck Britton, Britton, there’s, Jan Norton, wasn’t, Anthony Albanese, ” Albanese, Lidia Thorpe, Alexi J . Rosenfeld, Darian, Justice Aunties, “ We’ve Organizations: Australia CNN, CNN, Union, University of Tasmania, Kmart, Facebook, University of Newcastle, It’s, Nations, Invasion, Australia, First Nations, National, Day Council, Sydney Opera House, ”, Torres Strait Islander, Australian, Aboriginal, Torres Strait, ” Greens, Voice, Commonwealth, Heart Locations: Brisbane, Australia, Musgrave Park, Sydney Cove, Sydney, Musgrave, Brisbane’s, Newcastle, New South Wales, Queensland, Boulia, Britton’s, Melbourne, “

☆ Salesforce employees demand answers from execs about layoffs
▼ + stars: | 2023-01-25 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Salesforce employees demand answers. More than 500 employees wrote a letter to execs, demanding answers about the layoffs. Amazon employees told not to share confidential info with ChatGPT. Current and former employees told Insider that the social media company is shedding employees. This is what employees told us.

☆ Suze Orman: Americans are short on emergency savings amid 'dangerous scenario' for economy
▼ + stars: | 2023-01-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

"You have to have an emergency savings account, whether you're in recession or not in a recession," Orman said. Americans living paycheck to paycheckThere's never been a better time to have emergency cash set aside. A new survey from Bankrate.com finds that most adults — 57% — are unable to afford an emergency $1,000 expense. At the end of a year, people are often surprised by the sums they save, whether it be $600 or $1,000, Orman said. "Once you start seeing how easy it is to save, the more you like to save," Orman said.

☆ The purple Wiggle responds to his TikTok heartthrob status: 'It's opened up a new world of followers'
▼ + stars: | 2023-01-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kahlan-Rosenblatt.Jpg | Kalhan Rosenblatt | ) www.nbcnews.com time to read: +6 min

On TikTok, parents and nonparents alike have been thirsting after a member of one of the biggest children's acts in the world — the new purple Wiggle from The Wiggles. — likely stems from a video Pearce posted this week in which he participated in a trend that stems from the movie "Zoolander." Originally, Pearce wanted to film the clip with the original purple Wiggle, Jeff Fatt, while the two were on a recent tour together. In the clip, Pearce's purple Wiggle persona bumps into his everyday self dressed in a cutoff T-shirt, revealing his toned and tattooed arms. He added that he's looking forward to meeting his newest slew of fans when The Wiggles tour later this year.

☆ FTX spent nearly $7 million on food and over $15 million on luxury Bahamian hotels in just 9 months, court documents show
▼ + stars: | 2023-01-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

FTX's Bahamian entity spent nearly $40 million on hotels, food, and travel in just nine months. They show the company spent almost $6 million at a single hotel and $1 million on one caterer. Lawyers pointed out that the crypto exchange's Bahamian company, FTX Digital Markets, generated no customer revenue, but spent lavishly. From January to September 2022, the company spent $15.4 million on luxury hotels and accommodation, the filings say. Almost half of that was spent on catering services, with the largest amount, $1.4 million, spent on catering at the Hyatt.

☆ These were Warren Buffett's 10 best performing stocks held by Berkshire Hathaway in 2022
▼ + stars: | 2023-01-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway wasn't immune from the 20% stock market sell-off in 2022. These were Buffett's 10 best performing stocks owned by Berkshire Hathaway in 2022. The worst performing stocks owned by Berkshire Hathaway in 2022 included Nu Holdings and Snowflake, which both sank 57%. These were the 10 best performing stocks owned by Berkshire Hathaway in 2022. The list also includes a Berkshire holding value as of September 30, and is according to data from Whale Wisdom.

☆ Map shows the ice sheets and glaciers melting that scientists most fear will be the source of catastrophic rising sea levels
▼ + stars: | 2023-01-01 | by ( Marianne Guenot | Annie Fu | ) www.businessinsider.com time to read: +13 min

Melting ice that could tip sea level rise into catastrophic levelsSource: NASA Ice ViewerChart: Annie Fu/InsiderWhile it's easier to plan for a steady sea level rise, scientists are very concerned about what would happen if huge chunks of ice collapse and abruptly change sea levels. The Antarctic ice sheet is much bigger than the ice sheet on Greenland. If they were to melt totally, the Greenland ice sheet would contribute about 23 ft to the sea levels, while the Antarctic ice sheet holds enough ice to raise sea levels by 58 feet. Local sea level variationGlobal mean sea level rise is only a snapshot of the whole picture. Because sea levels are influenced by the local environment, the sea level rise can be much higher locally than it is on a global scale.

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