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    1. If Trump Were a CEO, his Board Would Have Fired Him By Now

      If Trump Were a CEO, his Board Would Have Fired Him By Now
      • A "quiet resistance" is trying to prevent President Donald Trump from taking actions "detrimental to the health of our republic," according to the recent op-ed piece in The New York Times.
      • If such disclosures occurred in the highest ranks of a public corporation, Northeastern University business professor Bert Spector writes, its board would fire its CEO.
      • The Founding Fathers created Congress to act as a co-equal branch to mitigate possible overstepping and abuses by the chief executive...
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    2. Les Moonves, One of the Highest-Paid CEOs in the US, Leaves CBS with a Net Worth of $700 Million

      Les Moonves, One of the Highest-Paid CEOs in the US, Leaves CBS with a Net Worth of $700 Million
      • CBS Corporation CEO and Chairman Leslie Moonves has left the company after The New Yorker published a new report detailing sexual harassment and assault allegations from six women against the media executive.
      • The accusations followed sexual misconduct and harassment accusations from six other women in July, as The New Yorker reported.
      • Moonves is worth an estimated $700 million and was one of the highest-paid CEOs in the US, according to Forbes...
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    3. Jack Ma Will Step Down as Chairman of Chinese e-cCommerce Giant Alibaba in September 2019

      Jack Ma Will Step Down as Chairman of Chinese e-cCommerce Giant Alibaba in September 2019
      • Jack Ma, the founder of online Chinese retailing giant Alibaba, will step down as Chairman on September 10, 2019.
      • Ma will be succeeded by Daniel Zhang, Alibaba’s current CEO.
      • Ma wrote a letter to customers and shareholders explaining his decision.

      Chinese online retailing giant Alibaba has announced that founder Jack Ma will step down as chairman, one year from today...

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      Mentions: IPO Alibaba Founder
    4. A Top Deutsche Bank Shareholder is Reportedly Going to Unload its $10 Billion Stake

      A Top Deutsche Bank Shareholder is Reportedly Going to Unload its $10 Billion Stake
      • One of the top shareholders in Deutsche Bank is reportedly planning to sell its entire stake in the lender.
      • Chinese conglomerate HNA is reportedly selling the stake in Germany's largest lender as part of an effort to refocus on its core business after several years of investing heavily in overseas businesses.
      • The move comes as Deutsche Bank undergoes a major restructuring under new CEO Christian Sewing...
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    5. Alibaba Chairman Jack Ma is Getting Ready to Quit, and Says he's Following the Bill Gates Playbook

      Alibaba Chairman Jack Ma is Getting Ready to Quit, and Says he's Following the Bill Gates Playbook
      • Chinese tech billionaire Jack Ma is getting ready to leave his role at Alibaba.
      • He told Bloomberg he is dedicating more time and money to building his philanthropic foundation for education.
      • The move mirrors that of Bill Gates before he left Microsoft.
      • It's not clear exactly when Ma will leave Alibaba.
      • Ma is currently the chairman and co-founder of the e-commerce giant. He was CEO until 2013...
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    6. Read the Email the Oracle Executive Once Rumored to Be The Next CEO Emailed the Company to Announce his 'extended' leave of Absence

      Read the Email the Oracle Executive Once Rumored to Be The Next CEO Emailed the Company to Announce his 'extended' leave of Absence
      • Top Oracle exec in charge of building its all-important cloud, Thomas Kurian, is taking a leave of absence.
      • Business Insider has obtained his email.
      • The email is written in a way that hints this maybe a permanent good-bye, although a spokesperson tells us that Kurian is expected to return after an unspecified time off...
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    7. The Founder of Lululemon is Now One of the 500 Richest People in the World

      The Founder of Lululemon is Now One of the 500 Richest People in the World
      • Lululemon founder Chip Wilson is now one of the 500 richest people in the world.
      • His fortune hit $3.9 billion thanks to a 15% surge in shares of the company.
      • He stepped down from the board in 2015, but still owns a 13% stake in the activewear brand.
      • Wilson is known for his controversial comments.

      Lululemon founder Chip Wilson has been named among the 500 richest people in the world...

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    8. Elon Musk is Said to Have Hired a Lawyer Who Used to Work for the SEC as the Agency Reportedly Investigates his 'Funding Secured' Tweet

      Elon Musk is Said to Have Hired a Lawyer Who Used to Work for the SEC as the Agency Reportedly Investigates his 'Funding Secured' Tweet
      • Tesla CEO Elon Musk has hired two lawyers, Roel Campos and Steven Farina, as the Securities and Exchange Commission reportedly investigates statements Musk made about converting Tesla into a private company, Fox Business Network reports.
      • Campos was an SEC commissioner from 2002 until 2007.
      • Farina and Campos list securities enforcement and securities litigation among their areas of focus...
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      Mentions: SEC Twitter Tesla
    9. USA Gymnastics President Kerry Perry Resigns Days After the Olympic Committee Questioned her Ability to Lead Following Larry Nassar Scandal

      USA Gymnastics President Kerry Perry Resigns Days After the Olympic Committee Questioned her Ability to Lead Following Larry Nassar Scandal
      • USA Gymnastics President Kerry Perry resigned from her position on Monday after nine months on the job.
      • The move came days after the US Olympic Committee questioned her ability to lead a path forward for an organization rocked by scandal.
      • Perry had repeatedly come under scrutiny by athletes who felt she was mishandling the fallout from the tumult surrounding disgraced former team doctor Larry Nassar...
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    10. A Passionate Army of Shareholders Has Shouldered MoviePass’ Massive Losses, as its Leadership Feeds Them Empty Assurances

      A Passionate Army of Shareholders Has Shouldered MoviePass’ Massive Losses, as its Leadership Feeds Them Empty Assurances
      • MoviePass and its parent company, Helios and Matheson Analytics, have covered massive losses by selling new shares of stock to a passionate base of retail shareholders.
      • At a special shareholders meeting in July, Helios CEO Ted Farnsworth characterized them as an “army” and stressed that he had their best interests in mind, while seeking support for measures he needed passed.
      • Within days, several assurances Farnsworth made at the meeting started to unwind...
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      Mentions: Leadership SEC Nasdaq
    11. Shares in one of Britain's Biggest Coffee Chains Surge 20% after Coca-Cola Announces $5.1 Billion Takeover

      Shares in one of Britain's Biggest Coffee Chains Surge 20% after Coca-Cola Announces $5.1 Billion Takeover
      • US beverage giant Coca-Cola will buy British coffee shop chain Costa in a surprise acquisition.
      • Costa, which is currently owned by Whitbread, is being sold for £3.9 billion ($5.1 billion).
      • Coca-Cola currently has no presence in the coffee market, and wants to use the deal to expand into the space.
      • Shares in Whitbread jump almost 20% at the open on the news...
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    12. A Board Member of MoviePass' Parent Company Has Resigned and Accused Management of Withholding Material Information 'For Several Months'

      A Board Member of MoviePass' Parent Company Has Resigned and Accused Management of Withholding Material Information 'For Several Months'

      Carl Schramm has resigned from the board of MoviePass' parent company, Helios and Matheson Analytics, the company disclosed in a Securities and Exchange Commission filing Thursday.

      In Schramm's resignation letter, he said that for several months he'd raised "questions and expressed concerned about the corporate governance" of Helios, and he accused management of withholding material information from the board for months...

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    13. 24 Mind-Blowing Facts About Warren Buffett and his $87 Billion Fortune

      24 Mind-Blowing Facts About Warren Buffett and his $87 Billion Fortune
      • Warren Buffett, the chairman and CEO of Berkshire Hathaway, has a net worth of $87.1 billion.
      • He turns 88 years old on Thursday, August 30.
      • Buffett is a generous philanthropist having given away more than $27 billion in the last decade.
      • The billionaire is known for his frugal habits, like his daily McDonald's breakfast and insistence on using a flip phone...
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    14. Tim Cook Has Collected Over $650 Million in Apple Stock Since he Became CEO as he's Led the Company to be Worth Over $1 Trillion

      Tim Cook Has Collected Over $650 Million in Apple Stock Since he Became CEO as he's Led the Company to be Worth Over $1 Trillion
      • Tim Cook cashed in $121 million in Apple stock grants on Tuesday.
      • He's collected over $650 million in Apple stock since he took over as CEO in 2011.
      • Among tech executives, only Facebook CEO Mark Zuckerberg has been paid more over that time period.

      Apple CEO Tim Cook recently cashed in $121 million in stock grants, with the majority of those proceedings going towards taxes, according to an SEC filing on Tuesday...

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      Mentions: SEC Google Amazon
    15. Ousted Papa John's Chairman John Schnatter is Accusing the Pizza Chain's new CEO of Misconduct

      Ousted Papa John's Chairman John Schnatter is Accusing the Pizza Chain's new CEO of Misconduct
      • Papa John's founder John Schnatter, who is trying to regain control of the pizza chain after resigning as chairman in July, accused Chief Executive Officer Steve Ritchie's "inner circle" of sexual misconduct.
      • The company denied that allegation on Tuesday.
      • In a letter to franchisees on Monday and published on Schnatter's website savepapajohns.com, Schnatter said PapaJohn's human resources department had evidence of harassment and intimidation but he did not provide evidence himself...
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    16. VMware is Spending $500 Million to Acquire Startup That Will Boost its Cloud Business

      VMware is Spending $500 Million to Acquire Startup That Will Boost its Cloud Business

      VMware will acquire CloudHealth Technologies, the company announced Monday.

      • VMware will place approximately $500 million for the startup, sources told Reuters.
      • CloudHealth Technologies will help VMware in its strategy to move toward cloud-based software services.

      VMware will acquire CloudHealth Technologies as part of the information technology company's continued push into cloud-based software services, the company announced on Monday...

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    17. Fred Wilson: Being Public

      Fred Wilson: Being Public
      • The back and forth that Elon Musk did over the last few weeks about being public begs the question about whether the challenges of operating a public company outweigh the benefits.
      • The pressure of quarter to quarter execution is hard on a team. But running a company is hard.
      • People are always working against you. Your competitors are working against you. The media may be working against you. The regulators may be working against you...
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    18. The $67 Billion Cigna-Express Scripts Merger Just Passed a Key Hurdle (CI, Esrx)

      The $67 Billion Cigna-Express Scripts Merger Just Passed a Key Hurdle (CI, Esrx)
      • Cigna and Express Scripts shareholders have voted to approve the companies' $67 billion merger.
      • The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans.
      • The deal was in jeopardy for a week after billionaire Carl Icahn came out against the deal, saying it "may well rival the worst acquisitions in corporate history." He ultimately reversed his course...
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    19. The Rise of Larry Ellison, the Jet-Setting 74-Year-Old Billionaire Founder of Oracle

      The Rise of Larry Ellison, the Jet-Setting 74-Year-Old Billionaire Founder of Oracle

      Last week, Larry Ellison, the founder and chairman of the international giant Oracle, turned 74 years old — and remains one of the most interesting figures in tech.

      Whether yacht racing or buying whole Hawaiian islands or trash-talking competitors, it's always a wonder to see what Ellison will do next. At the time of writing, Forbes pegs his net worth at about $60 billion...

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      Mentions: Google Amazon Oracle
    20. $3.2 Billion Self-Driving Car Company Zoox Has Ousted its CEO

      $3.2 Billion Self-Driving Car Company Zoox Has Ousted its CEO
      • Tim Kentley-Klay has been ousted as CEO of high-profile self-driving car startup Zoox.
      • Kentley-Klay was voted out by Zoox's board, Bloomberg reported.
      • He had no prior experience in cars or artificial intelligence before founding Zoox in 2014 with Jesse Levinson.

      The CEO of Zoox has left in a management shake-up at the the high-profile, well-funded, and idiosyncratic self-driving car startup...

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    21. The Special Committee of Tesla's Board Has Hired a PR Firm as the Company Explores Going Private

      The Special Committee of Tesla's Board Has Hired a PR Firm as the Company Explores Going Private
      • A special committee of Tesla's board of directors has hired the public relations firm Joele Frank as the company attempts to go private, Fox Business first reported.
      • The Fox Business reporter Charles Gasparino said on Twitter that the firm has been retained for "image repair."
      • A Joele Frank representative confirmed to Business Insider that it is working with the special committee...
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    22. PepsiCo is Buying SodaStream for $3.2 Billion in Cash

      PepsiCo is Buying SodaStream for $3.2 Billion in Cash

      REUTERS/Ammar Awad

      • PepsiCo on Monday announced plans to buy home carbonation system maker SodaStream.
      • PepsiCo will pay $144.00 per share in cash, a 32% premium.
      • Israeli-based SodaStream listed on the NASDAQ in 2010.
      • PepsiCo CEO Indra Nooyi, who’s led the business for 12 years, announced earlier this month that she’d step down, having led a push away from sugar-based drinks and healthier options...
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