Southwest Airlines made headlines recently with the announcement of the retirement of executive chairman and former CEO Gary Kelly. This move comes amidst pressure from activist investor Elliott Investment Management for changes within the company’s leadership. In a statement to shareholders, Kelly emphasized the need for change and hinted at upcoming shake-ups within the organization.
Business
Starbucks’ new CEO Brian Niccol has outlined a strategic plan for the company in an open letter addressing customers, employees, and stakeholders. The focus, as outlined by Niccol, will be on improving the chain’s U.S. business in the initial days before diverting attention to its international operations. This approach is a departure from the previous
The National Football League (NFL) has been making strategic moves in the streaming industry that have proven to be successful in not only expanding its fanbase in the United States but also globally. Through exclusive streaming deals with various media companies, the NFL has been able to tap into a wider audience and adapt to
JPMorgan Chase, the largest U.S. bank by assets, experienced a significant drop in its shares, falling by 5% on Tuesday. The decline came after the bank’s president, Daniel Pinto, expressed concerns about the accuracy of market expectations for net interest income and expenses in 2025. Pinto suggested that the current estimate of $90 billion for
In a world where billionaires are no longer a rare sighting, the race towards trillionaire status is now at the forefront of discussions. With companies like Berkshire Hathaway and Nvidia already surpassing the trillion-dollar mark, the question now is not if but when the first trillionaire will emerge. According to a recent report by Informa
News Corp, the parent company of the Wall Street Journal, has faced a challenge from activist investor Starboard Value aimed at dissolving its dual-class share structure. This move poses a significant threat to the Murdoch family’s control over the company. The dual-class structure, which gives Rupert Murdoch control of around 40% of the voting stock,
The automotive industry has been experiencing a resurgence in advertising during the National Football League (NFL) season after a period of slowdown due to various factors like the Covid-19 pandemic and supply chain issues. Automakers like Toyota, Hyundai, and General Motors are seizing the opportunity to leverage the popularity of the NFL as a major
Boeing’s Starliner recently made headlines as it undocked from the International Space Station after a significant delay. Originally scheduled to depart much earlier, the spacecraft finally left without the two astronauts it had delivered to orbit in June. This departure came months later than expected, raising questions about the efficiency of the entire mission. The
The Green Bay Packers, a team deeply rooted in tradition and history, have a one-of-a-kind ownership structure that sets them apart from the rest of the National Football League. Unlike the other 31 NFL teams, the Packers are owned by stockholders, making them the only publicly owned team in the four major North American professional
When Jerry Jones bought the Dallas Cowboys for $150 million in 1989, the team was in a dire financial situation, losing $1 million a month. Jones had to take swift action to turn things around, both on and off the field, in order to make the team profitable. Fast forward 35 years later, and the