1. Articles from Hayley Peterson (hpeterson@businessinsider.com)

    1-9 of 9
    1. Walmart is Giving its Workers a Huge Pay Raise and a Cash Bonus of up to $1,000

      Walmart is Giving its Workers a Huge Pay Raise and a Cash Bonus of up to $1,000

      Walmart is raising hourly pay from $9 to $11 as a result of recent tax law changes.

      • It's also offering employees a one-time cash bonus of up to $1,000, expanded maternity and parental leave benefits, and assistance with adoption expenses.
      • The changes will impact more than one million Walmart employees in the US.

      Walmart is raising starting wages for hourly employees to $11 and offering a one-time cash bonus of up to $1,000, the company said Thursday...

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      Mentions: Pay Raise CEO Walmart
    2. Sears CEO Will Pay $40 Million to Settle Suit Claiming he Unfairly Enriched Himself with the Company's 'Crown-Jewel Assets'

      Sears CEO Will Pay $40 Million to Settle Suit Claiming he Unfairly Enriched Himself with the Company's 'Crown-Jewel Assets'

      Sears CEO Eddie Lampert and his hedge fund are paying $40 million to settle a shareholder lawsuit claiming that Lampert stripped the company of its best assets to benefit himself and his hedge fund.

      The lawsuit targets a real-estate investment trust called Seritage Growth Properties, which Lampert created in 2015...

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    3. Inside Sears' Death Spiral: How a Billionaire who was 'the Next Warren Buffet' Drove an iconic American Brand to the Brink of Bankruptcy

      Inside Sears' Death Spiral: How a Billionaire who was 'the Next Warren Buffet' Drove an iconic American Brand to the Brink of Bankruptcy

      One morning in late 2015, on Sears' vast Illinois campus, more than a dozen employees huddled in a videoconference room on a floor dubbed "B6."  There two mid-level employees were preparing a presentation for the CEO, Eddie Lampert, when their boss rushed in with some last-minute advice. On a chart pad he wrote three words...

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    4. Scathing Open Letter Urges Activist Bill Ackman to Fix Chipotle's ‘grave failures' (CMG)

      Scathing Open Letter Urges Activist Bill Ackman to Fix Chipotle's ‘grave failures' (CMG)

      Chipotle investor CtW Investment Group has written a scathing letter to activist Bill Ackman urging him to fix the restaurant chain's "grave failures."  The letter, written by CtW executive director Dieter Waizenegger, casts doubt on Chipotle's sales recovery and accuses the company of failing to restore customer trust since the E. coli outbreak that sickened hundreds of customers last year...

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    5. Land's End Ousts CEO Who 'Only Spent one Week a Month in the Office'

      Land's End Ousts CEO Who 'Only Spent one Week a Month in the Office'

      Land's End has ousted its CEO just 19 months after she took the job.

      Federica Marchionni is leaving her position as CEO "effective immediately," according to a news release from the company. The release didn't give a reason for her departure.

      According to the Wall Street Journal, Marchionni was forced out due to contentions over the limited time she spent in the office and the new direction that she was taking Land's End...

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      Mentions: CEO
    6. Chipotle Executive Making $4.3 Million a year Arrested on Charges of Cocaine Possession

      Chipotle Executive Making $4.3 Million a year Arrested on Charges of Cocaine Possession

      A senior Chipotle executive has been arrested and charged with seven counts of cocaine position.  Chipotle Chief Marketing and Development Officer Mark Crumpacker was one of 18 "repeat customers" charged last week with allegedly buying cocaine from a drug-delivery service that operated out of Manhattan's Lower East Side...

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    1-9 of 9
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    Chipotle Executive Making $4.3 Million a year Arrested on Charges of Cocaine Possession Land's End Ousts CEO Who 'Only Spent one Week a Month in the Office' Chipotle Co-CEO Steps Down as Chain Struggles to Recover From Sales Slump Scathing Open Letter Urges Activist Bill Ackman to Fix Chipotle's ‘grave failures' (CMG) Inside Sears' Death Spiral: How a Billionaire who was 'the Next Warren Buffet' Drove an iconic American Brand to the Brink of Bankruptcy Sears CEO Will Pay $40 Million to Settle Suit Claiming he Unfairly Enriched Himself with the Company's 'Crown-Jewel Assets' J.Crew CEO Out After 15 Years — Here's Where he Says the Company Went Wrong J.Crew is 'Rearranging Deck Chairs on the Titanic' as Sales Plummet Walmart is Giving its Workers a Huge Pay Raise and a Cash Bonus of up to $1,000 Aaron Symanski Joins Kalderos Board of Directors LKQ Corporation Appoints Xavier Urbain to Board of Directors Starboard Value Has Nominated Majority Board Slate at Health-Services Company Mednax