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    1. Chipotle Gave Huge Payouts to its CEO and Shareholders, Then Blamed Workers for Price Increases - Here's What's Really Going On

      Chipotle Gave Huge Payouts to its CEO and Shareholders, Then Blamed Workers for Price Increases - Here's What's Really Going On
      • Paul Constant is a writer at Civic Ventures and cohost of the "Pitchfork Economics" podcast with Nick Hanauer and David Goldstein.
      • In the latest episode, they spoke about Chipotle's announcement to increase menu prices by about 4% to cover increased employee wages.
      • Constant points out, however, the price increase could be to cover the $24 million raise recently given to CEO Brian Niccol...
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    2. Activists are Pressuring Walmart to Add Employee Representatives to its Board of Directors

      Activists are Pressuring Walmart to Add Employee Representatives to its Board of Directors

      Walmart is being challenged by activists to create a place for the company's lower level employees to sit on its board of directors, Axios reported.

      • Civil rights activist Rev. William Barber II is calling on Walmart to add employee representatives to its board.
      • Barber will address Walmart shareholders tomorrow, advocating for workers most affected by COVID-19...
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    3. The SEC Will Tackle Bad Actors in Crypto and Needs to be Prepared to Fight Cases Against Them, Chair Gensler Said

      The SEC Will Tackle Bad Actors in Crypto and Needs to be Prepared to Fight Cases Against Them, Chair Gensler Said
      • SEC Chairman Gary Gensler said that the SEC and FINRA have to be prepared to fight crypto cases.
      • At the annual FINRA conference, Gensler said tighter regulations would help protect investors.
      • Earlier this year, SEC "crypto mom" Hester Peirce presented a safe-harbor policy to ease regulatory pressures on crypto firms...
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    4. Tesla Ordered By Judge to Turn Over Documents Related to Elon Musk's $55 Billion Compensation Plan

      Tesla Ordered By Judge to Turn Over Documents Related to Elon Musk's $55 Billion Compensation Plan
      • A judge on Monday ordered Tesla to turn over documents concerning Elon Musk's compensation plan.
      • Shareholders sued Tesla in 2018, arguing its board wronged investors by awarding Musk such a lucrative package.
      • The judge told Tesla to turn over communications between Musk and its top lawyers ahead of the board's approval of the plan...
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    5. An Uber Shareholder is Demanding More Transparency About the Impact of the Company's Lobbying Efforts

      An Uber Shareholder is Demanding More Transparency About the Impact of the Company's Lobbying Efforts
      • \The Teamsters General Fund, an Uber investor, wants the company to reveal more about its lobbying.
      • The fund urged Uber shareholders to vote for its proposal requiring an annual report from Uber.
      • It said Uber's "highly innovative" but "controversial" lobbying could hurt its brand and business...
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    6. Alibaba Group Hit with Record $2.8 Billion Fine Amid Increased Government Scrutiny of Billionaire Jack Ma's Tech Empire

      Alibaba Group Hit with Record $2.8 Billion Fine Amid Increased Government Scrutiny of Billionaire Jack Ma's Tech Empire
      • Alibaba Group has been hit with a record $2.8 billion fine in China.
      • Billionaire founder Jack Ma's tech empire has come under increased scrutiny from regulators.
      • "Alibaba accepts the penalty with sincerity," the company said in a statement.
      • See more stories on Insider's business page.

      China on Saturday fined Jack Ma's Alibaba Group a record $2.8 billion for abusing its leading market position...

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    7. Credit Suisse has Picked Outgoing Lloyds Bank CEO António Horta-Osório as its Next Chairman

      Credit Suisse has Picked Outgoing Lloyds Bank CEO António Horta-Osório as its Next Chairman
      • Credit Suisse announced Tuesday that outgoing Lloyds Banking Group CEO António Horta-Osório would be its next chairman.
      • Current chairman Urs Rohner will step down in 2021, after working at the Swiss bank for a decade.
      • News of Horta-Osorio's appointment at Credit Suisse came a day after Lloyds Bank announced his replacement as CEO, HSBC banker Charlie Nunn.
      • Visit Business Insider's homepage for more stories...
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      Mentions: Bank Lloyds HSBC
    8. Lloyds has Named Charlie Nunn, a Senior Banker at Rival HSBC, as its Next Chief Executive

      Lloyds has Named Charlie Nunn, a Senior Banker at Rival HSBC, as its Next Chief Executive
      • Lloyds Bank named Charlie Nunn, head of wealth and personal banking at rival HSBC, as its next CEO on Monday.
      • Current Lloyds boss Antonio Horta-Osorio is stepping down in 2021 after a decade at the bank.
      • Nunn may not take up his new job for almost a year from now, because of his notice period and other restrictions. If Horta-Osorio leaves first, CFO William Chalmers could step in as interim CEO, Lloyds said...
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    9. Gilead Sold $873 Million Worth of its Antiviral COVID-19 Treatment Even Though Data on its Success Remains Mixed

      Gilead Sold $873 Million Worth of its Antiviral COVID-19 Treatment Even Though Data on its Success Remains Mixed
      • Gilead posted its first numbers detailing how much money the pharmaceutical company has made through Veklury, a COVID-19 antiviral treatment.
      • Gilead sold $873 million worth of Veklury, also known as remdesivir, in three months.
      • The FDA authorized Veklury as the first antiviral treatment approved to treat COVID-19 patients.
      • Studies on the effectiveness of Veklury present mixed results...
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    10. Former Starbucks CEO Howard Schultz once reportedly advised Adam Neumann to stop growing WeWork so quickly and fix its problems. Neumann responded 'F--- that.'

      Former Starbucks CEO Howard Schultz once reportedly advised Adam Neumann to stop growing WeWork so quickly and fix its problems. Neumann responded 'F--- that.'
      • Former WeWork CEO Adam Neumann met with former Starbucks CEO Howard Schultz in 2018, according to the new book "Billion Dollar Loser" by Reeves Wiedeman.
      • At the time, Neumann was interested in expanding into retail, and Schultz gave him advice: stop growing for six months in order to correct problems within your business before they come back to haunt you...
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      Mentions: IPO SoftBank Founder
    11. Federal Inquiries, Allegations of Sexual Assault, a Resignation, and Billions on the Line: Here's Everything you need to Know About Nikola and its Founder's Controversial Last 5 Weeks

      Federal Inquiries, Allegations of Sexual Assault, a Resignation, and Billions on the Line: Here's Everything you need to Know About Nikola and its Founder's Controversial Last 5 Weeks

      In early September, automotive giant General Motors announced a $2 billion deal with electric-vehicle startup Nikola, with plans to produce the Nikola Badger, an electric pickup truck. But just two days after the deal was announced, a short seller released an explosive report claiming that Nikola faked its technological achievements, which spurred federal inquiries, a resignation, and speculation about the future of the deal...

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    12. British Airways' CEO Alex Cruz Steps Down Amid the Industry's Worst-Ever Crisis, and is Replaced by Aer Lingus Boss Sean Doyle

      British Airways' CEO Alex Cruz Steps Down Amid the Industry's Worst-Ever Crisis, and is Replaced by Aer Lingus Boss Sean Doyle
      • British Airways boss Alex Cruz is stepping down, and will be replaced by Aer Lingus CEO Sean Doyle.
      • The owner of British Airways, International Airlines Group, said the airline industry was facing its worst crisis in history.
      • Cruz told a government committee in September that the airline was burning through £20 million ($25.9 million) a day and "fighting for its survival...
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    13. LVMH Has Countersued Tiffany Over the Firms' $16 Billion Merger, Accusing the Jeweler of Financial Mismanagement

      LVMH Has Countersued Tiffany Over the Firms' $16 Billion Merger, Accusing the Jeweler of Financial Mismanagement
      • LVMH countersued Tiffany on Monday, and said it remains confident that it can walk away from its $16 billion takeover of the US jeweler.
      • Tiffany breached the agreement by paying out the highest possible dividends during the pandemic, French luxury goods conglomerate LVMH claimed in the countersuit.
      • A letter to LVMH from the French government also made it “impossible” to close the deal before the deadline, it added...
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