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☆ Washington Post CEO Will Lewis faced with new allegations of phone hacking
▼ + stars: | 2024-06-16 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

Citing a former co-worker of Lewis’, a private investigator and its own investigation of newspaper archives, the New York Times said Lewis used phone and company records that were “fraudulently obtained” through hacking and paying sources for information. A spokesperson for the Washington Post told CNN Lewis declined to comment. The Washington Post did not respond to CNN with regard to these allegations. “It’s as bad as I’ve ever seen it, truly,” one staffer said earlier this month, noting that the Washington Post has hit “rough patches” before but that the stormy atmosphere hanging over the outlet is unprecedented. In an opinion piece for the Guardian on Wednesday, Sullivan wrote that firing Lewis and finding a new CEO is “the cleanest, best move” Washington Post owner Jeff Bezos could make.

Persons: Will Lewis, Lewis ’, Lewis, “, Margaret Sullivan, Craig Newmark, Sally Buzbee, CNN Lewis, Rupert Murdoch’s, Prince Harry, Guy Ritchie, Hugh Grant, Buzbee, ”, “ It’s, Sullivan, Jeff Bezos, Bezos, — Organizations: New, New York CNN, New York Times, Times, Craig Newmark Center for Journalism, Columbia University’s School of Journalism, CNN, of Professional Journalists, Washington Post, Washington, Murdoch’s News Corporation, NPR, The Washington Post, Guardian, ” Washington Post Locations: New York, Washington, London

☆ Morale plummets inside The Washington Post as staffers express alarm over publisher’s attempts to squash story
▼ + stars: | 2024-06-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

New York CNN —Will Lewis is quickly losing the confidence of his newsroom. At The Post, according to more than a half-dozen staffers who spoke with CNN Thursday, morale has fallen off a cliff since Lewis abruptly ousted Executive Editor Sally Buzbee on Sunday. Lewis’ uncouth dispatching of Buzbee poisoned much of the goodwill he had earned with his employees over the preceding six months. Indeed, the day after he announced Buzbee’s exit, staffers pressed him in a town hall about the circumstances that led to her departure. Will Lewis, the publisher of The Washington Post, finds himself embroiled in a scandal affecting the newsroom itself.

Persons: Will Lewis, —, Lewis, Sally Buzbee, “ It’s, Lewis ’, Buzbee, Matt Murray, Robert Winnett, Rupert Murdoch’s, Prince Harry, Carlotta Cardana, David Folkenlik, Lewis “, heatedly —, Folkenflik, ” Folkenflik, Puck’s Dylan Byers, Byers, Sarah Ellison, Elahe Izadi, ” Lewis, “, Ellison, Izadi, Jeff Bezos, “ He’s, ”, don’t Organizations: New York CNN, The Washington Post, CNN, Wall Street, Fleet Street, News Corporation, The New York Times, Bloomberg, Getty, NPR, “, Columbia Journalism School Locations: New York, —, Washington

☆ Washington Post C.E.O. Promised Interview for Ignoring Scandal, NPR Reporter Says
▼ + stars: | 2024-06-06 | by ( Katie Robertson | Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Will Lewis, the chief executive of The Washington Post, repeatedly offered an exclusive interview to an NPR reporter if the reporter agreed not to write about allegations against Mr. Lewis in a phone-hacking scandal in Britain, according to an account by that reporter published on Thursday. David Folkenflik, a veteran media reporter for NPR, wrote that a spokesperson for Mr. Lewis confirmed the offer in December. That spokesperson declined to comment when approached again Thursday, according to NPR. “In several conversations, Lewis repeatedly — and heatedly — offered to give me an exclusive interview about the Post’s future, as long as I dropped the story about the allegations,” Mr. Folkenflik wrote. A spokeswoman for Mr. Lewis said that “when he was a private citizen ahead of joining The Washington Post, he had off the record conversations with an employee of NPR about a story the employee then published.” The spokeswoman said any interview requests with Mr. Lewis after he joined The Post were “processed through the normal corporate communication channels.”

Persons: Will Lewis, Lewis, David Folkenflik, —, heatedly —, ” Mr, Folkenflik, ” Organizations: The Washington Post, NPR, “, Post Locations: Britain

Just ask content creator Megan Boni, who posted a clip from her account @girl_on_couch on April 30 hashing out a new song. The lyrics are simply: "I'm looking for a man in finance, trust fund, 6'5", blue eyes…" Her 20-second video has more than 38 million views and counting. According to "Fair Play" author Eve Rodsky, "You can joke about things if they don't feel serious to you, but it's sort of like joking about reproductive rights." "It comes back to not understanding our history," Rodsky said. "There are a lot of single women who are looking but not finding what they want," Lewis added.

Persons: Megan Boni, Boni, Eve Rodsky, Rodsky, ’ Taylor, TikTok, We've, Casey Lewis, Lewis Organizations: bros, CNBC, Finance

☆ Tesla accuses advisory firm of 'scaremongering' after it urged investors to vote against Musk's pay package
▼ + stars: | 2024-05-30 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Tesla rebuked Glass Lewis for urging shareholders to reject Elon Musk's $55 billion pay plan. Tesla said the firm demonstrated faulty reasoning in a letter to shareholders. Tesla is seeking approval from shareholders for the pay plan and moving its incorporation to Texas. In a letter to shareholders on Wednesday, Tesla slammed Glass Lewis, accusing the firm of "scaremongering" and faulty reasoning. "In its report, Glass Lewis omits key consideration, uses faulty logic, and relies on speculation and hypotheticals," Tesla wrote in a letter to investors titled "What Glass Lewis Got Wrong About Tesla."

Persons: Tesla, Glass Lewis, Elon, —, Elon Musk Organizations: Elon Musk's, Service, Elon, Tesla, Business Locations: Texas

☆ Top FTX Executive Sentenced to Seven and a Half Years in Prison
▼ + stars: | 2024-05-28 | by ( David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Ryan Salame, a top executive at the collapsed cryptocurrency exchange FTX, was sentenced to seven and a half years in prison on Tuesday, making him the first of Sam Bankman-Fried’s circle of advisers at FTX to receive prison time. Mr. Salame, 30, a trusted lieutenant of Mr. Bankman-Fried, the exchange’s founder, pleaded guilty last year to a campaign finance law violation and a charge of operating an unlicensed money transmitting business. He is one of four top deputies in the FTX empire who have pleaded guilty to crimes since the company imploded in November 2022. Mr. Salame’s sentence exceeded the five to seven years that prosecutors had recommended. Judge Kaplan called Mr. Salame’s crimes “astonishing.”

Persons: Ryan Salame, Sam Bankman, Salame, Judge Lewis A, Kaplan, Judge Kaplan Organizations: Defense Locations: U.S, Manhattan

☆ The Washington Post publisher disclosed the paper lost $77 million last year. Here’s his plan to turn it around
▼ + stars: | 2024-05-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

Lewis’ plan, however, included more than just revamping The Post’s subscription offerings. While The Post clearly plans to bet big on infusing its products with A.I., it wants to emphasize the human element of its journalism. Whether the multi-pronged initiative is enough to turn The Post around, of course, remains to be seen. But the new publisher voiced confidence that these measures will put The Post on track for success. “I really hope at some point in the future, when you look back on this day,” he told staffers, “it’s actually quite a significant day in the history of our company.”

Persons: Will Lewis, strode, Lewis, “, ” Lewis, I’m, Axios, we’ve, ” Karl Wells, Lewis ’, Vineet Khosla, ”, Sally Buzbee, Kathy Baird, “ it’s Organizations: New York CNN, The Washington Post, Brit, Apple, POLITICO, Silicon Locations: New York

☆ Gildan's board abruptly resigns ahead of annual meeting, handing control to activist
▼ + stars: | 2024-05-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The activist firm later claimed Gildan's board was showing a "complete disregard for sound corporate governance." The last time an entire board resigned during an activist battle was in 2012, when Canadian Pacific's board yielded to Bill Ackman hours before the railroad's annual meeting. "We are deeply grateful for the outpouring of support that Browning West's slate and plan have received from our fellow shareholders, Gildan employees, and leading proxy advisory firms," Browning West's Usman Nabi and Peter Lee said in a statement. Browning West, based in Los Angeles, accused Gildan's board of leaking an allegedly non-existent sale process to the media and hiring private investigators to look into one of the firm's nominees. Other major shareholders, including Anson Funds and Janus Henderson, backed Browning West's push.

Persons: Gildan Activewear, Browning West's, Glenn Chamandy, Browning, Vince Tyra, Bill Ackman, Browning West's Usman Nabi, Peter Lee, Gildan's, Gildan, Chamandy, Tyra, Michael Kneeland, Janus Henderson, Glass Lewis, Ancora Organizations: Houchens Industries, Amazon, Target, United Rentals, Anson Funds, Norfolk Southern Locations: Montreal, Gildan, Los Angeles

☆ Sam Bankman-Fried Transferred From Brooklyn Jail
▼ + stars: | 2024-05-22 | by ( David Yaffe-Bellany | More About David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange who was convicted of fraud and conspiracy, was transferred out of a Brooklyn detention center on Wednesday morning, his spokesman said. Before the transfer, Mr. Bankman-Fried, 32, told people close to him that he expected to be moved to a federal correctional facility in Mendota, Calif., a person with knowledge of the matter said. A representative for the Bureau of Prisons declined to comment on Mr. Bankman-Fried, citing “privacy, safety and security reasons.” A spokesman for the prosecutors who oversaw Mr. Bankman-Fried’s case did not immediately respond to a request for comment. In a court filing on Wednesday afternoon, Lewis A. Kaplan, the judge overseeing his case, said the court “recommends” that the Bureau of Prisons keep Mr. Bankman-Fried at the Metropolitan Detention Center in Brooklyn. Mr. Bankman-Fried had asked to remain there while he worked on an appeal challenging his conviction.

Persons: Sam Bankman, Bankman, Mark Botnick, ”, Lewis A, Kaplan, “, Fried Organizations: Bureau, Prisons, Metropolitan Detention Locations: Brooklyn, Mendota , Calif

☆ How I built a billion dollar coffee company called Kopi Kenangan
▼ + stars: | 2024-05-20 | by ( Ernestine Siu | ) www.cnbc.com time to read: +12 min

And recognizing that very notion is what makes Indonesian coffee chain Kopi Kenangan different from many of its competitors. Which is why this cup of Kopi Kenangan coffee here in Singapore may taste different from a cup in Indonesia. Edward Tirtanata: Before I started Kopi Kenangan, I started this tea chain called Lewis and Carroll. And that is why our first menu is called Kopi Kenangan Mantan, which directly translates into, memory of my ex-girlfriend coffee. Ernestine Siu: In 2019, Kopi Kenangan received its first outside investment of $8 million from venture capital firm Alpha JWC Ventures.

Persons: Edward Tirtanata, Ernestine Siu, It's, Serena Williams, Jay, Eduardo Savrin's, Edward, Kopi Kenangan, Carroll, James Prananto, James, Little, Kopi, creamer Organizations: Alpha JWC Ventures, Northeastern University, Starbucks, Entrepreneurship, Toyota Locations: Jakarta, Singapore, New York, Indonesia, Vietnam, Southeast Asia, Boston, United States, Kopi, Bandung, U.S, Indonesian

☆ A US Navy supply ship was run aground by a distracted junior officer after the ship's captain left to eat dinner, investigation reveals
▼ + stars: | 2024-05-13 | by ( Konstantin Toropin | ) www.businessinsider.com time to read: +4 min

Read previewA Navy supply ship was run aground by a junior officer off the coast of Bahrain shortly after the ship's master — or captain — left the bridge to eat dinner, an investigation revealed. The master took the ship there and then went to eat dinner, leaving the ship in the hands of a much more junior third officer. Less than 30 minutes later, the Alan Shepard was grounded on a shoal. An MH-60S Sea Hawk approaches the Lewis and Clark-class dry cargo and ammunition ship USNS Alan Shepard. Sailors aboard guided-missile destroyer USS Spruance hold the phone and distance line during a replenishment-at-sea with dry cargo ship USNS Alan Shepard.

Persons: —, Alan Shepard, Lewis, Clark, James Hong, Military.com, Alan Shepard's, Spruance, Taylor Crenshaw, Arleigh Burke, Andrew Langholf, Howard, Cmdr, Kenji Igawa Organizations: Service, Navy, Business, US Navy, US Coast Guard, Halsey Locations: Bahrain, Bali, Indonesia

☆ Activist Ancora wins three board seats at Norfolk Southern but falls short of ousting CEO
▼ + stars: | 2024-05-09 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Norfolk Southern shareholders on Thursday voted to elect three of dissident Ancora's director nominees but fell short of ousting incumbent CEO Alan Shaw. Norfolk Southern's board had fought hard to stave off Ancora's biggest demand: firing current CEO Alan Shaw. The activist had argued that Norfolk Southern should adopt a model known as precision-scheduled railroading, or PSR, which has delivered impressive shareholder returns at other railroads. Government officials, who had previously voiced their support for Norfolk over Ancora, were momentarily silenced by the reversal. ISS recommended that shareholders support five of Ancora's seven picks but did not recommend electing Ancora CEO pick Jim Barber to the board.

Persons: Alan Shaw, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Ancora, Glass Lewis, Jim Chadwick, Frederick DiSanto, Shaw, Ancora's, Jim Barber, Ancora's Chadwick, DiSanto Organizations: Norfolk Southern, Shareholders, Norfolk, ISS, PSR, Government, Labor, Cleveland Locations: . Norfolk, Ohio, Ancora

☆ What the proxy fight at Norfolk Southern means for railroad safety
▼ + stars: | 2024-05-08 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The fight has split the railroad’s unions, who disagree which management team – the current Norfolk Southern leadership or one proposed by activist investor Ancora Holdings – would be best for safety and the railroad’s employees. Norfolk Southern CEO Alan Shaw, third from left, listens to testimony during a hearing held by the Senate Commerce, Science, and Transportation Committee on March 22, 2023 in Washington, DC. The committee heard testimony on "Improving Rail Safety in response to the East Palestine Derailment." BLET said that Orr’s appointment shows that Norfolk Southern is committed to additional use of PSR, no matter which side wins the the proxy fight. On February 3rd, a Norfolk Southern Railways train carrying toxic chemicals derailed causing an environmental disaster.

Persons: Alan Shaw, Amit Bose, Win McNamee, Bose, ”, “, Jeremy Ferguson, Shaw, “ Shaw, Jerry Sturdivant, John Orr, BLET, Michael Swensen, Jim Barber, Glass Lewis, Ancora Organizations: New, New York CNN, Norfolk, Norfolk Southern, Ancora Holdings, PSR, Federal Railroad Administration, Senate Commerce, Science, Transportation, Shaw, SMART, of Locomotive Engineers, Trainmen, NS, Canadian Pacific, Canadian Pacific Kansas City, Way Employees, Norfolk Southern Railways, Teamsters, UPS, CSX, Union Pacific Locations: New York, Norfolk Southern, Atlanta, East Palestine , Ohio, Norfolk, East Palestine, Washington ,, Canadian Pacific Kansas, Palestine, ”, NS

☆ Opinion | Nancy Pelosi, on Reforms to Reinforce Democracy
▼ + stars: | 2024-05-06 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “The Constitution Won’t Save Us From Trump,” by Aziz Rana (Opinion guest essay, April 28):Mr. Rana makes a strong case for legislative solutions that will reinforce American democracy. To that end, many of the reforms he calls for were already passed by House Democrats in 2022. Our Freedom to Vote: John R. Lewis Act would take these steps:1) Aim to stop voter suppression and election subversion. 4) Curtail the harmful, anti-democracy Citizens United decision by enacting the Disclose Act, which curbs anonymous funders from suffocating the airwaves with misrepresentations. President Biden, a patriotic and determined champion for democracy, has been forceful in his support for these reforms.

Persons: ”, Aziz Rana, Rana, John R, Lewis, Biden, shamefully Organizations: House Democrats, Citizens, Republicans Locations: Trump

john magaroYeah I mean, that’s a lot of what they ate. I mean, I think it’s about love and lost love and misconnections and eating. I think that’s — you know, I think that’s great advice for a relationship. john magaroYeah, but it feels — but, you know, that’s what Arthur is doing. anna martinI mean, I — and I don’t know if, you know —john magaroAs I say, aigoo.

Persons: anna martin, ” I’m Anna Martin, ”, anna martin I, anna martin I’m, John Magaro, John, Celine Song, Andrew ”, Sarah Pepitone, I’ll, anna martin You, Cookie, Lewis, Clark, anna martin That, anna martin Really, you’re, we’ve, anna martin Wow, anna martin John, let’s, Andrew, I’d, we’d, Angelika, syrupy, New York Times ”, He’d, hadn’t, Toro, he’d, We’d, sashimi, anna martin It’s, anna martin That’s, Sarah, anna martin Right, I’ve, you’ve, you’ll, it’s, anna martin Me, — anna martin That’s, anna martin Poof, they’re, she’s, — anna martin Right, that’s, anna martin There’s, won’t, I’m, anna martin Just, anna martin No, It’s, Arthur, Nora, Greta Lee, Arthur can’t, Hae, Hae Sung, anna martin Huh, She wasn’t, you’d, anna martin Wait, anna martin Yes, You’re, anna martin Aigoo, he’ll, we’re, anna martin What’s Organizations: The New York Times, NYU, New York Times, Bushwick, magaro, vey, Netflix Locations: Paisanos, Brooklyn, Oregon, West, Philadelphia, New York, Korean, There’s, Nora, Korea, Canada, America, Pittsburgh

☆ Peer inside Barely Fair, the exhibition where major artists present at miniature scale
▼ + stars: | 2024-04-12 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +9 min

Roland Miller/Barely FairThat same year, the New York gallery Selenas Mountain showcased Juan Arango Palacios' canvases and woven works. Artists and their galleries are responsible for producing all of the small works, but Barely Fair’s team helps with installation as needed. Roland Miller/Barely FairBarely Fair began as a joke between the co-founders of the artist space Julius Caesar, but they quickly realized its potential as a serious art fair. “And I think that Barely Fair is much more successful at that.”For nascent galleries and artists, Barely Fair is a more accessible way to participate in Chicago’s art week, which draws curators and collectors from around the world. “(It’s) inverting the dynamics of making a monument at small scale,” she said, explaining that Barely Fair “happened to feel almost tailor-made” for her work.

Persons: Anish Kapoor, Barbara Kruger, Yoko Ono, Rebecca Morris, Roland Miller, Juan Arango Palacios, Julius Caesar, ”, Josh Dihle, Tony Lewis, Kate Sierzputowski, ” Miller, “, Ellie Rines, Henry, Daid Puppypaws, Ingrid Olson, Jonas Müller, Miller, Alice Tippit, Evan Jenkins, Julia Fischbach, Fischbach, gallerists, Al Freeman, Rines, Amanda Ross, Ho, Michiko Itatani, Kay Hoffman, Katharine Hamnett, Ross, ” Ross, Price, that’s, Tatjana Pieters, Charles Degeyter, Mae Alphonse Dessauvage, Pieters, ” Pieters, “ I’ve, — Organizations: CNN, Color, Barely, Artists, New, Los, Chicago —, NADA Miami, Miami Art Locations: Chicago, New York, New York City, Los Angeles, Portland, Ross, Belgian, NADA, Ghent, Belgium

☆ Opinion | Get Tech Out of the Classroom Before It’s Too Late
▼ + stars: | 2024-04-10 | by ( Jessica Grose | ) www.nytimes.com time to read: +2 min

Jaime Lewis noticed that her eighth-grade son’s grades were slipping several months ago. She suspected it was because he was watching YouTube during class on his school-issued laptop, and her suspicions were validated. In fact, he opted out of retaking a math test he’d failed, just so he could watch YouTube,” she said. A few weeks ago, they had a meeting with the district superintendent and several other administrators, including the tech director. To bolster their case, Lewis and her allies put together a video compilation of clips that elementary and middle school children had gotten past the district’s content filters.

Persons: Jaime Lewis, “, ”, Lewis Organizations: YouTube, San Luis Coastal Unified School District Locations: San Luis, San Luis Obispo, Calif

☆ The big challenge for Wall Street CEOs this spring: keeping both of their jobs
▼ + stars: | 2024-04-08 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

Read previewA trio of top Wall Street bosses is facing investor agitation this spring over their jobs. The attempts to add more independent oversight to the firms' boards of directors is a public rebuke to those CEOs. Last week, top proxy firms Glass Lewis and Institutional Shareholder Services recommended Goldman and BofA separate their CEO-chair jobs. AdvertisementA cyclical history of splitting CEO and chairman rolesThese proposals cycle in and out of fashion, and Wall Street has seen plenty of similar ballot questions, from shareholders large and small. Large companies — like the trio of Wall Street firms now — were targeted much more often for shareholder proposals to split the jobs than the small companies.

Persons: —, Goldman Sachs, David Solomon, Larry Fink, Brian Moynihan, Glass Lewis, Goldman, BofA, Moynihan Organizations: Service, Goldman, BlackRock, Bank of America, Business, Institutional, Exxon, Stanford Graduate School of Business, Stanford, Wall Street

☆ British billionaire Joe Lewis fined $5 million by U.S. judge for insider trading
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: +3 min

British billionaire and former owner of the Tottenham Hotspur Football Club Joe Lewis arrives at federal court for his sentencing in an insider trading case on April 4, 2024, in New York City. U.S. District Judge Jessica Clarke in Manhattan sentenced Lewis, who pleaded guilty in January to one count of conspiracy and two counts of securities fraud. Lewis in January entered a plea deal with prosecutors agreeing to a $50 million fine of his Bahamas company, Broad Bay. Under the agreement, Lewis' fine will be included in the total. Lewis has since remained in the country, posting $300 million bail secured by his yacht and a private aircraft.

Persons: Tottenham Hotspur Football Club Joe Lewis, Lewis, Joe Lewis, Jessica Clarke, Mr, Mark Herr, Prosecutors, Boxer Capital, Patrick O'Connor, Bryan Waugh Organizations: Tottenham Hotspur Football Club, US, Office, Southern, of New York, Tavistock Group, Aviva, London's Tottenham Hotspur, Boxer, Forbes, Prosecutors, Mirati Therapeutics, Boxer Capital, Tango Therapeutics Locations: New York City, U.S, Manhattan, London's, Bahamas, Broad Bay, London, New York

Trian claims Disney's board has failed to generate sufficient returns in recent years as subscription streaming losses have mounted and traditional TV subscribers have declined. Early vote countBoth Disney and Trian received support from influential shareholders ahead of Wednesday's meeting. Roughly one-third of Disney's shareholders are retail shareholders, who historically vote in small numbers in annual meetings. The arrangement still raised questions about ValueAct's support for the company and whether Disney's board should have disclosed the prior relationship. WATCH: Disney board battle reaches final moments

Persons: Bob Iger, Mickey Mouse, Valerie Macon, Nelson Peltz, Jay Rasulo, They've, Maria Elena Lagomasino, Michael Froman, Peltz, Ike Perlmutter, Trian, Disney's, Iger, Bob Chapek, Patrick T, Adam Jeffery, Morgan Stanley, James Gorman, CNBC's, George Lucas, Laurene Powell Jobs, Lucas, Powell Jobs, Ken Squire, Rowe Price, Rowe, Mason Morfit's, ValueAct, Neuberger Berman, John Ferguson, Rasulo —, Glass Lewis, Iger's, Gorman, Jeremy Darroch, CNBC's Andrew Ross Sorkin, Heidi Gutman, Lagomasino, shouldn't, Blackwells, Rasulo, Jason Aintabi, John Foley, Jessica Schnell, Craig Hatkoff, Leah Solivan, ValueAct hasn't Organizations: AFP, Getty Images Disney, Voters, Trian Partners, Disney, PepsiCo, Marvel, SEC, Fallon, Bloomberg, Getty, CNBC Disney, CNBC, Star Wars, LucasArts, Pixar, BlackRock, Institutional, California Public Employees, Yacktman Asset Management, Saratoga Proxy, ISS, Sky, Trian Fund Management, NBCU, Bank, NBCUniversal, Green, Comcast Locations: Los Angeles, New York

☆ Sam Bankman-Fried Sentenced to 25 Years in Prison
▼ + stars: | 2024-03-28 | by ( David Yaffe-Bellany | J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange who was convicted of stealing billions of dollars from customers, was sentenced to 25 years in prison on Thursday, capping an extraordinary saga that upended the crypto industry and became a cautionary tale of greed and hubris. Mr. Bankman-Fried, 32, did not visibly react as Judge Lewis A. Kaplan handed down the sentence in Federal District Court in Manhattan. His parents, the law professors Joe Bankman and Barbara Fried, sat two rows from the front, staring at the floor. He knew it was criminal,” Judge Kaplan said of Mr. Bankman-Fried’s actions. Before the sentence was delivered, Mr. Bankman-Fried, cleanshaven and wearing a loosefitting brown jail uniform, apologized to FTX’s customers, investors and employees.

Persons: Sam Bankman, Bankman, Lewis A, Kaplan, Joe Bankman, Barbara Fried, ” Judge Kaplan Organizations: Court Locations: Manhattan

☆ Stuart Webber: Former soccer club official criticized for ‘lazy stereotyping’ of Black players
▼ + stars: | 2024-03-25 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

Webber’s comments came during an interview about his upcoming four-week expedition to climb Mount Everest for charity. Julian Finney/Getty ImagesCNN has attempted to contact Webber for comment. Webber and his wife Zoe are co-founders of the Summit Foundation, which works with other charitable organizations to create programs to help young people. According to the foundation’s website, one of its aims is to help break the poverty cycle through education. CNN has contacted Norwich City, which plays in the second tier of English soccer, for comment.

Persons: CNN —, ” Stuart Webber, – Jonny Rowe, Abu Kamara, Max Aarons, Jamal Lewis, Raheem Sterling –, Webber’s, ”, “, ” Raheem Sterling, Julian Finney, Webber, Zoe, we’ll, Kamara –, Norwich City –, Aarons, Amber, Lewis ’, Catrina, – Webber Organizations: CNN, Norwich City, England, Getty, Summit Foundation, League One, Portsmouth, Norwich City –, Huddersfield Town, Wolverhampton Wanderers, Queens Park Rangers, Liverpool, Wrexham Locations: England, Wales, Norwich, Iran, “

☆ 'America's greatest gift to Israel'
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

As the country's founder and first prime minister, David Ben-Gurion, once declared, "America's greatest gift to Israel was Al Schwimmer." Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

Persons: Danny Schwimmer, They'd, Rina, Al —, David Ben, Gurion, Al Schwimmer, Schwimmer, Bugsy Siegel's, Meyer Lansky, Frank Sinatra, Sinatra, —, Boaz Dvir, Israel —, Danny, Al, I've, Hank Greenspun, Greenspun, Brian, Adolph, Dick Tracy, " Schwimmer, Wing Walker, America, Yehuda Arazi, Arazi, they'd, Schwimmer's, Sam Lewis, Leo Gardner, Milton, Milt, Rubenfeld, Paul Reubens, Herman, Reubens, Bugsy Siegel, Siegel, — Schwimmer, Nathan Liff, Liff, PhotoQuest, Bernarr McFadden, Pat, Ptacek, Rafael Trujillo, Teddy Kollek, Erwin Johnson, Bill Gerson, Gerson, Bud King, Gerson's, Ben, Joel Kimmel, Lewis, Lansky, hadn't, Tommy, Messerschmitts, David, Milt Rubenfeld, Israel, Charlie Winters, Winters, weren't, aren't, America's, Joseph McCarthy, John F, Kennedy, Brian Greenspun, Golda Meir, Bill Clinton Organizations: Israeli Air Force, TWA, Haganah, United Nations, Lockheed Air, Los Angeles Examiner, USC, Getty, US Naval, Schwimmer Aviation, FBI, UN, Customs Service, Palestine . Volunteers, Embassy, Israel, Service Airways, State Department, BI, Pepsi, Zionist, Nazi, Star, American, Avia, Messerschmitt, Pennsylvania State University who's, Las, Sun, Israel Aerospace Industries, IAI, they're, Israeli Locations: Tel Aviv, Israel, Connecticut, Palestine, New York, Copacabana, United States, Hungary, Auschwitz, storages, Arizona, Bridgeport, Rome, Burbank , California, Burbank, Las Vegas, Hawaii, Oahu, Santa Claus, California, Washington, Burbank ., Acapulco, Mexico, it's, Mexico City, Central, South America, Dominican Republic, China, America, Mexican, Panama, Panamanian, Corsica, Oklahoma, Detroit, Suriname, Brazil, Senegal, Casablanca, Sicily, Catania, Europe, Czechoslovakia, Czech, Egypt, Cairo, Los Angeles, American, Gaza, Iran

☆ An Arms Smugger, a Daring Heist, and the Birth of Israel
▼ + stars: | 2024-03-24 | by ( David Kushner | ) www.businessinsider.com time to read: +35 min

Joining the Haganah, Schwimmer discovered, wasn't as easy as just strolling through the door. "He felt he had to do his part in creating a Jewish state, so this could never happen again," Schwimmer recalled. Rather than melt down the surplus weapons for scrap, Liff told Greenspun to take as much as he wanted — free of charge. "It went against the grain to buck the same government we had fought to preserve only a few years before," Hank Greenspun recalled. In 2001, at the urging of Brian Greenspun, Schwimmer received a presidential pardon from Bill Clinton.

TV ratings signal growth in college women’s basketballWhile Clark is enticing viewers, women’s college basketball is experiencing growth that can’t only be explained by “Clarkonomics”– as basketball analyst Debbie Antonelli called it – alone. The surge in women’s college basketball is also due to more investment in media coverage of women’s sports, said Lewis. NIL empowers players — and their sportsCollege women’s basketball players are among the biggest players in the market for Name, Image and Likeness sponsorships. College women’s basketball players are among the biggest players in the market for Name, Image and Likeness sponsorships. One factor driving the speculation that Clark might stay in college was that WNBA doesn’t have the same platform as women’s college basketball.

Persons: Caitlin Clark, Clark, It’s, Steph Curry, Michael Mulvihill, Clark –, –, Jon Lewis, Lewis, Curry, LeBron James, Michael Jordan, they’re, ”, Pete Maravich’s, Davidson, “ Clarkonomics, Debbie Antonelli, Melissa Isaacson, Iowa’s Clark, LSU’s Angel Reese, let’s, ’ ” Lewis, “, Reese, Cameron Brink, Paige Bueckers, Reed Sheppard, Rob Dillingham, Cody Williams –, Dillingham, Sam Weber, That’s, hasn’t, Isaacson, Diana Taurasi’s, Candace Parker’s, eyeing Clark, — Organizations: CNN, Iowa Hawkeyes, NBA, CBS, ESPN, Fox Sports, Sports Media Watch, UConn, Tennessee, Northwestern, NCAA, College women’s, Bueckers, WNBA, ABC, Indiana Fever Locations: Iowa, Tennessee, TickPick, Opendorse

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