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It's a jaw-dropping figure — more than twice her previous $60 million deal with Spotify back in 2021 and higher even than the reported $100 million snagged earlier this year by SmartLess. But the "Call Her Daddy" host can't exactly sit back and cash a check for $41 million each year. She can earn as much as the widely reported $125 million — but it won't be easy. A podcast deal with a host like Cooper would be based on a certain number of downloads a month. Related storiesCooper's SiriusXM deal is also not just for "Call Her Daddy," but for her Unwell Network's "complete slate of current and future shows."
Persons: Alex Cooper, she'd, SiriusXM, Meghan Markle, Prince Harry, Mark Wahlberg, Cooper, Network's, Alix Earle, Madeline Argy, Harry Jowsey, Owen Thiele —, , Alex, Scott Greenstein Organizations: Service, CNBC, Spotify, SmartLess, Business, Edison Research Locations: SiriusXM
Read previewOn weekends, a gig delivery worker in Utah takes out his phone and opens one of three apps to make some extra money as an independent contractor. However, the people doing the work say that things like performance metrics often eat into that flexibility. "It doesn't feel much like I'm on contract," the Utah gig worker told Business Insider. But metrics such as this are just one aspect of delivery gig work that workers say feels like a traditional job. Related storiesFor example, one Chicago delivery worker told BI that he avoids Grubhub due to the app's scheduling feature.
Persons: , Uber, Grubhub doesn't, Instacart, DoorDash, they're, Grubhub, David Jacobs, Jacobs, there's Organizations: Service, Business, Costco, Walmart, US Department of Labor, Trump, Kogod School of Business, Wall Locations: Utah, Chicago, Seattle
In today’s edition, "Meet the Press" moderator Kristen Welker examines whether a shortened campaign calendar will help or hurt Vice President Kamala Harris. Plus, we dive into Robert F. Kennedy's decision to suspend his third-party bid and back former President Donald Trump. I’m speaking, of course, of Donald Trump,” Kennedy added. Still, the initial conservations started earlier, about a week before the Republican convention, with right-wing commentator Tucker Carlson connecting Trump Jr. with Kennedy. From there, Trump Jr. and donor Omeed Malik served as go-betweens to help close the deal.
Persons: Kristen Welker, Kamala Harris, Robert F, Donald Trump, — Harris, Joe Biden’s, Kennedy Jr, Harris, Tim Walz, Vance, Harris ’, Biden, , Chuck Todd, Hillary Clinton, ” Harris, Alex Seitz, Wald, Read, Matt Dixon, Henry J, Gomez, , Trump, Katherine Koretski, Ben Kamisar, Garrett Haake, Dasha Burns PHOENIX — Robert F, , Kennedy, , ” Kennedy, Mary Beth Cahill, “ Donald Trump isn’t, he’s, Donald Trump Jr, Tony Fabrizio, Tucker Carlson, Omeed Malik Organizations: NBC, White House, Capitol, Democratic, Trump, → RFK, Democrats, Democratic Party, Democratic National Committee, RFK Jr, GOP, Trump ”, Republican, Trump Jr Locations: Oakland, Iowa, Pennsylvania, Arizona, Ukraine
Disgraced former South Carolina lawyer Alex Murdaugh scored a big legal win last week after the South Carolina Supreme Court agreed to hear his appeal for a new murder trial. Murdaugh’s lawyer, however, is not worried and is focused on their appellant cases. Last week, the state Supreme Court agreed to hear Murdaugh’s state appeal for a new murder trial based on allegations that a court clerk tampered with the jury that convicted him. Former state Supreme Court Chief Justice Jean Toal’s decision came after an evidentiary hearing into whether Hill’s comments during the trial influenced the jury. “We are really looking forward to making our case to the Supreme Court,” Griffin said.
Persons: Alex Murdaugh, Murdaugh, Jim Griffin, “ Alex, , ” Griffin, Maggie, Paul, Aimee Zmroczek, Curtis Eddie Smith, Zmroczek, ” Zmroczek, Chrysti Shain, , Murdaugh’s, ” Shain, Eric Bland, doesn’t condon, ” Bland, Colleton, Becky Hill, Jean Toal’s, Toal, Hill Organizations: South, South Carolina Supreme, NBC, Murdaugh’s, NBC News, South Carolina Department of Corrections, Department of Corrections, Locations: South Carolina, Murdaugh’s “, Colleton County
Alex and Ola met in a crowded bar and stayed up all night together on the island. Alex didn’t even know Ola was married – he didn’t post much, and he wasn’t on her radar anymore. To their mutual surprise, the connection Alex and Ola felt that night on the beach in Ko Phi Phi returned right away. In the fall, Alex met Ola’s children, who she immediately loved. Alexandra NelkeA year after she moved to Sweden, Alex and Ola bought a house together in Malmö, Sweden.
Persons: Alex Nelke, Ola Forsmark, he’s, ” Alex, you’re, Alex, ” Ola, Ola, kickstarted, , didn’t, Alex reconnecting, , Alexandra Nelke, Alex didn’t, , She’d, , Berlin Ola, Alexandra Nelke Alex, ‘ Life’s, Ola’s, Wolfgang —, “ I’ve, I’ve, she’s, they’ve Organizations: CNN, CNN Travel, Ko Phi Phi, Phi Phi, Facebook Locations: Thailand, Ola, Ko, Germany, London, Swedish, Asia, Bali, America, Sweden, Berlin, , Malmö
Former MMA fighter Ronda Rousey has apologized for sharing a Sandy Hook conspiracy theory 11 years ago on X, then Twitter, saying, "I’ve regretted it every day of my life since." Rousey opened her apology saying "I can’t say how many times I’ve redrafted this apology over the last 11 years." It all started with what she called "the single most regrettable decision of my life" — "I watched a Sandy Hook conspiracy video and reposted it on Twitter," Rousey wrote. The Sandy Hook conspiracy is a favorite in fringe right-wing circles, often touted by Infowars host Alex Jones, who had called the school shooting a hoax. Family members of Sandy Hook victims sued him, and he was ordered to pay nearly $1.5 billion to Sandy Hook parents.
Persons: Ronda Rousey, Sandy Hook, I’ve, Rousey, , ” Rousey, Hook truther, Alex Jones Organizations: MMA, Twitter, YouTube, Virginia Tech Locations: Sandy, Sandy Hook, Newtown , Connecticut, U.S
CHICAGO — The delegates wore Suffragette white; Vice President Kamala Harris wore black. But she does not speak about what it would mean to have a Black woman president in her speeches or TV ads. On Monday, wearing Suffragette white, Clinton placed Harris and herself in the nation’s long struggle for gender equity. Benjamin Lowy / Getty Images fileMoreover, the electorate has shifted, thanks to Clinton, Trump and the fall of Roe v. Wade. After the 2016 election, the Democratic National Committee conducted extensive focus-group and polling research to try to understand what happened.
Persons: Kamala Harris, Eva Longoria, Harris, Hillary Clinton, ” Harris, , Tom Perez, Joe Biden’s, Donald Trump, , Nancy Pelosi, David Axelrod, ” Pelosi, , Drew Angerer, Clinton, “ We’ve, ” Clinton, Doug Emoff, Gretchen Whitmer, Harris “, who’s, Trump, Harris hasn’t, They’re, Benjamin Lowy, Roe, Wade, Court’s Roe, Biden, , Perez Organizations: CHICAGO, Democratic, Convention, Democratic National, University of Chicago, Michigan Gov, Center for Women, Politics, Democratic National Convention, Getty, Democratic National Committee Locations: White, United States, Philadelphia
Going back to 1953, the S & P 500 has climbed around 0.5% during the final week of August on a median basis, according to data analyzed by Bespoke Investment Group. That is a bright spot ahead of a historically weak period for the market. September ranks as the worst month on average for the S & P 500 going back to 1950, according to data from the Stock Trader's Almanac. Almanac data shows the S & P 500 is flat on average for the month. .SPX 1M mountain The S & P 500, 1 month The upcoming week also has some events that may move the market in the trading month's final days.
Organizations: Investment Group, Stock, Investors
CNN —The dramatic change at the top of the Democratic presidential ticket unleashed a flood of donations to the campaign account Kamala Harris inherited from Joe Biden, swamping even Donald Trump’s strongest fundraising days, a CNN analysis of newly filed campaign reports shows. The donor enthusiasm for Harris’ surprise candidacy has quickly eroded the cash advantage Trump once held. The Harris campaign had previously announced collecting a whopping $310 million in July through its joint fundraising efforts with aligned Democratic Party committees – far exceeding the nearly $139 million that the Trump political operation said it had brought in last month. A Harris campaign official said Tuesday the team expected to cross the $500 million mark in fundraising in the coming days. The CNN review examined sums raised by each candidate’s main campaign committee – a valuable resource in politics because those committees by law must receive discounts on television advertising, giving candidate-controlled money a greater impact than donations to parties and outside groups.
Persons: Kamala Harris, Joe Biden, swamping, Donald Trump’s, Harris, Harris ’, Trump Organizations: CNN, Democratic, White, Trump Locations: New York
The Boston Red Sox and Toronto Blue Jays will resume a June 26 game that was suspended for rain in what will be the first game of a doubleheader on Monday. Back in June, Jansen, then playing for the Blue Jays, was at the plate with one out and one on in the top of the second when the game was suspended. “I don’t even know how this works,” Jansen said when asked about the suspended game after he’d been traded to Boston. The Blue Jays will have some funky developments in the game, too. Though the suspended game will end on Aug. 26, it will be officially recorded as having taken place on June 26 in the record books.
Persons: Danny Jansen, Jansen, Alex Cora, ” Jansen, he’d, “ I’ve, Jayson Stark, John Schneider, Jose Berríos, Yariel Rodríguez, Berríos, Rodríguez, Paul Rutherford Organizations: Major League Baseball, Fenway, Boston Red Sox, Toronto Blue Jays, Blue Jays, Red Sox, Jays, Getty Locations: Boston
The biggest chunk – about $1.9 million – was spent by Trump’s campaign and fundraising committees on a Trump-owned company that operates his jet. Karoline Leavitt, a spokesperson for Trump’s campaign, said that “committees are paying the fair market rate for all venues and services” provided by Trump businesses. The dynamic of candidates shelling out thousands on Trump’s businesses while vying for his endorsement – which can make or break Republican campaigns – is an example of how politics has boosted his businesses’ bottom line. About 150 congressional candidates have reported spending campaign funds at Trump businesses, including some Democrats in the years before his first presidential bid. Walker’s campaign spent a total of nearly $215,000 at Mar-a-Lago, Trump’s West Palm Beach golf club and his Las Vegas hotel.
Persons: Donald Trump, Bernie Moreno, who’d, wasn’t, glitzy, Trump, spender, who’ve, Moreno, Herschel Walker, Kari Lake, Trump’s, Karoline Leavitt, , “ He’s, , Daniel Weiner, Brennan, New Jersey Sen, Robert Menendez’s, Delaware Sen, Chris Coons, Joe Biden, Jeff Dean, AP Moreno, J.D, Vance, ” Moreno, Kimberly Guilfoyle, Donald Trump Jr, David B, Cohen, ” Cohen, Reagan McCarthy, , Walker’s, Walker, Scott Paradise, Sean Rayford, spenders, Lake, John Gibbs of, Vernon Jones of, Kathleen Clark, St . Louis, ” Leavitt, It’s, Weiner, ” Weiner, Lara Trump, hawking, Donald Trump's Mar, Joe Raedle, MAGA, Laurence Leamer, Lago, Leamer, ” Leamer, “ It’s, Steve Contorno, Kyung Lah, Alex Leeds Matthews, Alayna Treene Organizations: CNN, Ohio’s Senate, Trump’s, Florida, Republican, Republicans, GOP, Trump, Georgia Senate, Arizona, Mar, Republican Party, New, Trump National Golf Club, Ohio Senate, Senate, Twitter, University of Akron, Las, Former Republican, The Washington Post, Washington University, Super, TAG Air, Inc, Boeing, “ Trump Force, Brennan, Republican National Committee, RNC, Fund, National Republican Congressional, White Locations: Ohio’s, Lago, Georgia, Trump, New Jersey, Virginia, Delaware, Florida, Vandalia , Ohio, Ohio, Cleveland, Palm Beach, Las Vegas, Arizona, Majewski, John Gibbs of Michigan, Vernon Jones of Georgia, Mar, St ., Palm Beach , Florida, American
But Lucy Guo, the 29-year-old cofounder of data labeling startup Scale AI blurs the line between the two archetypes. Yet this is the persona many have come to know since Guo left Scale AI in 2018. But, midway through the program, they pivoted again, this time to what would eventually become Scale AI. Lucy GuoThe idea of Scale AI came from a suggestion by one of their YC roommates, who proposed creating an "API for humans." Advertisement"The itch to build"After Scale AI, Guo decided to apply her learnings to a new entrepreneurial opportunity: investing.
Persons: , Lucy Guo, Billie Eilish, Charlie XCX, Guo, she's, Adam D'Angelo, Alexandr Wang, Alex, Wang, Guo's, Cruise, Dave Fontenot, Kylie Jenner's lipsticks, Jake Paul's, Passes Organizations: Service, Business, Fry's Electronics, Carnegie Mellon University, Thiel, Facebook, Multicoin, Bond Locations: Miami, Fremont , California, San Francisco, China, hackathons, Quora
CNN —Boston Red Sox player Danny Jansen will make Major League Baseball history Monday by playing for two teams in one game, a team spokesperson confirmed to CNN. The Red Sox take on the Toronto Blue Jays at Fenway Park Monday to complete a suspended game between the two teams from June 26. Fenway Park during a rain delay between the Toronto Blue Jays and the Boston Red Sox on June 26, 2024, in Boston. Paul Rutherford/Getty ImagesWith the game resuming and Jansen no longer a Blue Jay but a Red Sox player, the box score will show the 29-year-old featuring for both teams, should he play. On Friday, Red Sox manager Alex Cora announced he intends to help Jansen do something no other major league player has done before.
Persons: Danny Jansen, Jansen, Paul Rutherford, Jay, Alex Cora, ” Cora, Reese McGuire, Cora, , “ Blair, Barker ”, ” Jansen Organizations: CNN, Boston Red Sox, Major League Baseball, Sox, Toronto Blue Jays, Fenway, Blue Jays, Getty, Red Sox, Boston Herald, Sportsnet, Jays Locations: Boston, Toronto
Intel is working with advisors including Morgan Stanley to help defend itself against activist investors, according to people familiar with the matter, as CEO Pat Gelsinger attempts to turn around the struggling chipmaker. While Intel has faced activist pressure in the past, no new campaign has been formally launched and it isn't clear if an activist investor has been in contact with the company's board. Morgan Stanley has previously worked with Intel, including in the company's 2022 spinoff of Mobileye . The sources with knowledge of Morgan Stanley's latest involvement asked not to be named due to confidentiality. Representatives for Intel and Morgan Stanley declined to comment.
Persons: Morgan Stanley, Pat Gelsinger, Morgan Stanley's, it's, Dan Loeb's, Frank Yeary, Camberview, Tan, — CNBC's Alex Sherman, Kif Leswing Organizations: Intel, Nvidia, Devices, Broadcom, Qualcomm, Texas, Wall
Edgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Both Bronfman's bid and Skydance's bid would also include money to buy out a percentage of Paramount Global common shareholders. At $6 billion, Bronfman's bid would give cash to about 20% of Class B holders at $16 per share. The Paramount Global special committee will determine if Bronfman's offer is a superior proposal for shareholders by Aug. 28. Spokespeople for Redstone, Bronfman, the Paramount Global special committee and Skydance all declined to comment.
Persons: Edgar Bronfman Jr, Shari Redstone, Bronfman, Sumner Redstone, Bronfman's, Skydance, Jon Miller, Skydance . Miller, , Jason Ostheimer, Miller, Shari Redstone haven't, David Ellison Organizations: Paramount Global, Paramount, National Amusements, Skydance Media, Skydance, Redstone, Bronfman Locations: Bronfman, Miller, Redstone
CNN —Months of feverish negotiations, in different cities and at multiple levels, have gotten Israel and Hamas closer to striking a ceasefire deal. “But we are committed to continue the war after the pause in order to achieve the goal of destroying Hamas. It essentially allows Israel – and Hamas – to abandon discussions after the six-week first phase and resume the war. Far-right members of his cabinet have blasted any ceasefire agreement while Israeli reports cite security officials who accuse Netanyahu of sabotaging the negotiations. Earlier this week, Secretary of State Antony Blinken, who was visiting Israel, said Netanyahu had agreed to the proposal while Hamas had not yet.
Persons: Israel, Benjamin Netanyahu, Israel’s, Israel –, , Netanyahu, Riki Baruch, , it’s, John Kirby, , Joe Biden, Biden, Qatar –, Yahya Sinwar, Bill Burns, Antony Blinken, Sinwar, ” CNN’s Jeremy Diamond, Jennifer Hansler Organizations: CNN, Israel, National Security, Hamas, Islamic, IDF, , CIA, Biden, American Locations: Israel, Gaza, Cairo, Palestinian, Egypt, Qatar, Israeli, Israel’s, American, Doha, Iran, Lebanon, Beirut, Tehran
Democrats Say the Joy Is Back. Kamala Harris’s campaign has been trying to get voters to feel the joy. “I would say it’s her energy; she’s a joyful, energetic person.”“It just feels really exciting to turn the corner,” she added. Not only did Democrats use more words indicating joy and hope about the election, they also used words indicating feelings of anxiety and apprehension. Still, more than 25 percent of Republicans in July used words like “scared” or “nervous” to describe their feelings about the election.
Persons: Kamala Harris’s, Bill Clinton, Harris, Biden’s, , Harris’s, Mr, Biden, Tim Walz, . Walz, , Nancy Rohr, “ I’m, we’re, Jeff Fitzsimmons, Donald J, Trump, ” Mr, Kid Rock, Stephanie Rhodes, Joel Daria, they’re, Daria, it’s, Carroll Doherty Organizations: Democratic National Convention, New York Times, Siena College, Times, Republican, Old, Trump, Republican National Convention, , Labor, Pew Research Center Locations: Siena, Arizona , Georgia, Nevada , Michigan, Pennsylvania, Wisconsin, Minnesota, Orange County, Calif, Norman County, Minn, Silverhill, Ala, Dublin , Ohio
Read previewAdam Neuman's post-WeWork venture Flow was launched with a $350 million check and stakes in six buildings. Now, one of those buildings is struggling, and equity investors risk being wiped out. Crowdfunding platform Yieldstreet, which has helped raise money for the property, recently told its equity investors that their investments could be wiped out. Flow launched in 2022 with investments in six apartment buildings, including the now-troubled Nashville property, and a $350 million check from venture firm Andreessen Horowitz. A Flow spokesperson sought to distance the Miami-based startup from the 2010 West End property, saying that Flow has never managed the building and is only the minority equity owner.
Persons: , Adam Neuman's, Andreessen Horowitz, Neumann, WeWork, Neumann's, Yieldstreet, Nazare, Adam Neumann, They're, they're Organizations: Service, Business, Nazare, Yieldstreet, BI, SEC Locations: Nashville, Miami, Denver, Fort Lauderdale
Read previewIn addition to its suite of consumer-facing AI offerings like Meta AI, Facebook's parent company also has its an internal tool for employees. She said she uses the tool "all the time for efficiency gains," — and companies that don't have their own internal AI tool are "already behind the curve." Any sizable company operating without an internal AI tool is already behind the curve. The company's internal AI tool, which is called VaultBot, answers "around 32% of all engineering questions," according to a company announcement from January. Other big tech giants are also developing internal AI tools alongside consumer-facing products.
Persons: , Alex Heath, Mark Zuckerberg's, Heath, Esther Crawford, that’s, Esther Crawford ✨, Crawford, Kaz Nejatian, EY, PwC, Banks, Goldman Sachs Organizations: Service, Business, Elon, Twitter, Meta, KPMG, McKinsey, QuantumBlack, JPMorgan, OpenAI, Bain & Company Locations: Meta
July marked a third straight month that egg prices rose on an annual basis, a reversal from a year of relative decreases. The culprit was a continued battle against the highly pathogenic avian influenza, known in short as HPAI or the bird flu. Inflation in egg prices became a focus for consumers during the pandemic given their ubiquity in everyday cooking. The bird flu had a historic outbreak in 2022 and surged once again at the end of 2023. That can underscore the impact of any bird flu outbreaks on the prices customers see on grocery store shelves.
Persons: Luke Sharrett, Caitlinn Hubbell, Hubbell, resurgences Organizations: Bloomberg, Getty, Purdue University's Center, Food, Bureau of Labor Statistics Locations: West Lafayette , Indiana, Colorado, California
When Shake Shack founder Danny Meyer interviews job applicants, he likes to ask a couple of his favorite questions. "It gives me a chance to actually see the person and see how they see themselves." Meyer's other favorite job interview question, he said: Tell me about something that happened in your life, before you turned 12, that you think had more of an impact on you today than anything else. "The point is that whatever that story is, you then get a chance to talk about how did it change who you are today," he said. "I'm looking for honesty, vulnerability, willingness to grow, looking maybe for a little growth mindset."
Persons: Danny Meyer, Adam Grant, Meyer, who's Organizations: Shake, Wharton School, University of Pennsylvania, New, Square Hospitality Locations: New York
A week into Ukraine’s surprise cross-border incursion into Russia, it’s becoming increasingly clear that Moscow does not have the situation under control. The incursion — the first time foreign troops entered Russian territory since World War II — is a major embarrassment for the Kremlin. Russian President Vladimir Putin vowed to “kick the enemy out” of Russia, but his troops are yet to stop the Ukrainian advance. The first reports of Ukrainian troops crossing into Russia’s Kursk region, just north of the Ukrainian border, started to emerge late last Tuesday. Read more about what this could mean for Russia, Ukraine and the war as a whole.
Persons: it’s, Vladimir Putin, Putin, Volodymyr Zelensky, Read Organizations: Kremlin ., Kyiv Locations: Russia, Moscow, Russia’s Kursk, Ukrainian, Ukraine, Kyiv, Crimea
“The 2024 Cody Stampede Parade promises to be an unforgettable celebration of American independence, led by one of comedy’s most beloved figures,” the Cody Enterprise reported. In an editorial published Monday, Enterprise Editor Chris Bacon said he “failed to catch” the AI copy and false quotes. “It matters not that the false quotes were the apparent error of a hurried rookie reporter that trusted AI. It was my job,” Bacon wrote. Another story — about a poaching sentencing — included quotes from a wildlife official and a prosecutor that sounded like they came from a news release, Baker said.
Persons: HELENA, CJ Baker, Larry, Cable Guy, , Baker, Aaron Pelczar, Buffalo Bill Cody, Chris Bacon, , ” Bacon, Pelczar, Bacon, I’ve, ” Baker, , Mark Gordon, ” Michael Pearlman, It’s, Alex Mahadevan, ” Mahadevan, Megan Barton, Cody Enterprise’s, ” Barton, Poynter Organizations: Powell Tribune, Cable, Cody, Stampede, Cody Enterprise, Enterprise, Buffalo, ” Journalists, Associated Press, AP, Sports, Wyoming Gov, OSHA, Wyoming, Fish Department, Poynter Institute Locations: Mont, Wyoming
In today's big story, it's out with the old and in with the new CEO at Starbucks. Starbucks announced CEO Laxman Narasimhan was stepping down after less than two years on the job . Chipotle CEO Brian Niccol was tapped to lead Starbucks' turnaround efforts. In the release announcing the news , Howard Schultz, Starbucks' chairman emeritus and three-time CEO, made no mention of Narasimhan in his statement. At Starbucks, Niccol won't need to navigate a brand crisis like he did with Chipotle in the wake of its E. coli outbreak.
Persons: , he's Benjamin Button'd, Chelsea Jia Feng, Laxman Narasimhan, Brian Niccol, it's, Grace Dean, Howard Schultz, Narasimhan, Ryan Miller, Rebecca Zisser, Alex Bitter, It's, we've, Katie Notopoulos, Tyler Le, Joe Quinlan, Berkshire Hathaway, Goldman Sachs, Greg Tuorto, Josh Edelson, Justin Sullivan, Timo Lenzen, Mercedes, unmotivated, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Service, Starbucks, Business, Elliott Management, Orange County Museum of Art, Taco Bell, Merrill, Bank of America Private Bank, Getty, BI, Benz, Mercedes, Dolce, Gabbana, Walmart, Walgreens, Cisco Systems, UBS Locations: Chelsea, Narasimhan, Mexican, Berkshire, AFP, Dubai, Miami, New York, London
Read previewDealmakers have always been the stars of private equity. AdvertisementKevin Desai, partner and private equity sector leader at PwC PWCBut in the current climate, portfolio-operations professionals are gaining esteem. AdvertisementPrivate equity 3.0Rising interest rates nearly two and a half years ago ushered in a new economic reality that hit private equity firms right in the pocket. Since private equity relies on debt to boost returns, the first option is off the table. These people are taking their talents to private equity firms to manage smaller companies using an already proven playbook for technological transformation.
Persons: , you've, Marc Rowan, Rowan, Kevin Desai, Desai, I've, What's, they're, quants, we've Organizations: Service, Business, PricewaterhouseCoopers, University of Chicago, Walmart, Nike, Harvard Business Locations: dealmaking
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