All articles tagged with #financial controversy
The article discusses the lucrative and controversial practice of paying large buyouts to college football coaches who are fired, highlighting recent examples like Brian Kelly at LSU and others, amidst a broader debate about the financial priorities in college athletics and their impact on educational resources.
The Big Ten is in a holding pattern over a proposed private capital deal involving a new entity, Big Ten Enterprises, which aims to secure over $2 billion from a UC pension fund in exchange for a stake, but faces opposition from some schools and concerns about short-term financial strategies and long-term stability. The deal, still under negotiation, has not been voted on and is met with mixed reactions regarding its impact on college sports' financial health and future.
Kawhi Leonard addressed the media for the first time since reports emerged of a questionable endorsement deal involving millions of dollars and potential league violations, denying wrongdoing and dismissing the controversy as old news, while the NBA investigates the matter.
An investor in the Broadway revival of 'Cabaret' is suing the show's producers, claiming he has not received any returns despite the show grossing over $90 million, and alleges financial mismanagement and lack of transparency. The producers deny the claims, stating the show is not in a financial position to distribute profits and have offered to review records with the investor. The production is closing early due to declining grosses and cast changes.
Kawhi Leonard reportedly signed a $28 million endorsement deal with bankrupt environmental company Aspiration, backed by Clippers owner Steve Ballmer, and also received $20 million in stock, bringing his total potential earnings to nearly $48 million, raising questions about the deal's transparency and NBA's stance.
Oklahoma State football coach Mike Gundy criticized Oregon's financial resources, but the article suggests his own program faces challenges, highlighting a potential hypocrisy or irony in his comments.
Jimmy Kimmel criticized reports claiming 'Late Show with Stephen Colbert' was losing tens of millions annually, arguing that such figures are inaccurate and overlook significant revenue sources like affiliate fees. He also defended late-night TV's relevance despite claims of its decline, suggesting the cancellation was politically motivated amid broader corporate and political maneuvers.
UniCredit criticizes the Italian government for allegedly abusing its power in relation to the bid for BPM, calling the government's actions 'illegitimate' and highlighting a conflict over control of the bank.
The article discusses allegations against Jane Street involving a 'sinister scheme' in India, as reported by FT Alphaville, highlighting concerns over financial practices and regulatory scrutiny.
Sonja Morgan, a former Real Housewives of New York star, has been involved in recent disputes over unpaid bills, including a $1,000 restaurant tab and a $20,000 HVAC service payment that was reversed by her bank after a year, leading to accusations of financial misconduct and misunderstandings. The bank eventually returned the funds, resolving the issue.
King Charles III's attempt to evict Prince Andrew from Royal Lodge by cutting his annual allowance failed, as Andrew secured funds from legitimate sources approved by the keeper of the privy purse. Despite financial scrutiny and past controversies, Andrew retains his 75-year lease on the estate, leaving Charles to decide the future of the now-vacant Frogmore Cottage.
Wells Fargo customers have reported missing direct deposits in their accounts, with some users noticing the issue just as they were trying to pay bills. The bank acknowledged the problem, stating that a limited number of customers were affected and that most cases had been resolved. Wells Fargo has faced various controversies in recent years, including wrongful foreclosures and the illegal repossession of vehicles, as well as a scandal involving the opening of millions of fake bank and credit card accounts.
Wells Fargo customers have reported missing direct deposits from their bank accounts, with some users taking to social media to express their frustration. The company acknowledged the issue and stated that a "limited amount" of customers were affected, with most cases already resolved. Wells Fargo has faced various controversies in recent years, including fraudulent account openings and illegal repossession of vehicles.
Patrisse Cullors, co-founder of Black Lives Matter, has been quietly dropped from her TV deal with Warner Bros after failing to produce any content. The deal was signed in 2020 and ended in October 2022. Cullors had promised to produce shows across multiple revenue streams, including animated, children's content, scripted and unscripted shows. The value of the deal was not disclosed. Meanwhile, Black Lives Matter's national organization is at risk of going bankrupt after its finances plunged $8.5 million into the red last year, while simultaneously handing multiple staff seven-figure salaries.