Apple Denies Allegations of Toxic Workplace Culture
Apple has responded to allegations that an executive created a toxic workplace environment, addressing concerns and clarifying their stance on workplace culture and conduct.
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Executive
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Josh Greenstein to Join Paramount After Skydance Sale
Josh Greenstein is set to join Paramount after its acquisition of Skydance, with his specific role unclear but expected to extend beyond motion pictures. He previously served as president of Sony Motion Picture Group and has a long history with Paramount. The merger, valued at $8 billion, is awaiting government approval and will lead to significant leadership changes at Paramount, including the departure of Brian Robbins and Chris McCarthy.
Costco to Extend Hours for Executive Members Starting Monday
Costco is implementing new early shopping hours for executive members starting June 30, 2025, with warehouses opening at 9am exclusively for them, while general members will open at 10am. The change aims to add value to the top-tier membership, which already accounts for a significant portion of sales, and includes additional benefits like monthly credits and enhanced services. The update follows a recent increase in membership fees and extended gas station hours, with some locations offering a grace period for regular members until August 31.
Costco Introduces New Perks and Benefits for Members
Costco is offering new benefits exclusively for its higher-tier executive members in the U.S., including early shopping hours, a $10 monthly Instacart credit, and other savings, starting June 30. The executive membership costs $130 annually and accounts for a significant portion of Costco's sales, despite less than half of members holding this tier.
Costco reinstates exclusive perk for executive members to avoid crowds
Costco is reintroducing an early shopping perk for its executive members in the US, allowing them to shop an hour before standard members starting June 30, along with new benefits like monthly credits and savings, aiming to boost membership appeal and sales.
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FTX Co-Founder Gary Wang Escapes Prison in Crypto Fraud Case
Gary Wang, a top executive at the cryptocurrency exchange FTX, has been sentenced to no prison time. This decision comes amidst ongoing legal proceedings related to the company's operations.
"ESPN Executive Norby Williamson Departs After 40 Years Following Pat McAfee's Criticism"
ESPN has parted ways with longtime executive Norby Williamson after nearly 40 years with the network, following public tension and accusations from sports analyst Pat McAfee of sabotage. Williamson, who held the position of executive senior vice president of studio and event production, was reportedly at odds with another executive, Burke Magnus. ESPN confirmed Williamson's departure and will begin the search for a replacement.
"Remembering Larry Lucchino: A Baseball Visionary and Hall of Fame Contender"
Larry Lucchino, a prominent figure in baseball, should be inducted into the Hall of Fame as an executive for his transformative work with the Baltimore Orioles, Boston Red Sox, and San Diego Padres, as well as his role in the construction and renovation of iconic ballparks like Oriole Park at Camden Yards and Fenway Park. Lucchino's vision and leadership as a rebuilder have left a lasting impact on the game, making him deserving of recognition alongside the players and managers he worked with.
Binance Executive Escapes Nigerian Custody Amid Tax Charges
Nigeria has charged Binance and two executives with tax evasion and detained one of the executives, while stating that the other has fled the country. The charges include non-payment of value-added tax and company income tax, failure to file tax returns, and complicity in aiding customers to evade taxes through the platform.
Timberwolves Executive Charged with Theft of 'Strategic NBA Information' Hard Drive
The Minnesota Timberwolves executive had a hard drive stolen containing "strategic NBA information" that was later copied, leading to legal charges being filed.
Goldman Sachs Executive Stephanie Cohen Joins Cloudflare as Chief Strategy Officer
Stephanie Cohen, a top executive at Goldman Sachs, is leaving the company to join Cloudflare as their chief strategy officer, marking a significant move in the finance and technology sectors. Cohen, who has been with Goldman Sachs for over a decade, will bring her expertise to Cloudflare as they continue to expand their presence in the tech industry.
Former Twitter Executives Sue Elon Musk for $128M in Unpaid Severance
Former Twitter executives, including ex-CEO Parag Agrawal, are suing Elon Musk and X for $128 million in unpaid severance benefits following Musk's takeover of the company in 2022. The lawsuit alleges that Musk fired the executives without reason to avoid paying their severance, citing a biographer's account of events. This is not the first time former Twitter employees have sued the company over unpaid severance, with a separate lawsuit claiming over $500 million in unpaid benefits.
Twitter Executives Sue Elon Musk for $128 Million in Unpaid Severance
Four former Twitter executives, including Parag Agrawal, are suing Elon Musk for $128 million in severance payments after they were fired from the company during Musk's 2022 takeover. The executives claim they are entitled to the payments, including one year's salary and unvested stock awards, as stipulated in their contracts when Twitter went private. Musk had previously stated he could fire the executives "for cause" to avoid paying them severance, and the executives' lawyers accused Musk of withholding money and forcing them to sue him.
"Evergrande's Electric Vehicle Unit Executive Detained, Sparks Property Sector Distress"
Chinese authorities have detained the executive of Evergrande's electric vehicle unit as part of an investigation, adding to the challenges faced by the embattled property developer.
Disney Appoints PepsiCo Executive Hugh Johnston as New CFO
Disney has announced that Hugh Johnston, an executive at PepsiCo, will be joining the company as its new Chief Financial Officer (CFO). Johnston brings extensive experience in finance and strategic planning, and his appointment is expected to strengthen Disney's financial operations.