Trouble Ahead? Bad Economic Week

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Are we headed for a recession? Questions: What is the opinion of Goldman Sachs’ CEO? What did JPMorgan Chase’s CEO say? What did Elon Musk say? What is your opinion and why? Source: Mui, C. (2022). More than 60% of executives think a recession will hit soon, new survey finds. Fortune, June 17 (Retrievable online… Read more »

Jury Still Deliberating

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According to the New York Times, a federal jury in California is struggling to reach a unanimous verdict on three of 11 charges against Elizabeth Holmes, former CEO of Theranos. Questions: What is the maximum sentence for each federal fraud count? How many counts of fraud is Ms. Holmes facing? What is the makeup of… Read more »

Twitter CEO steps down

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According to the Washington Post, Twitter CEO Jack Dorsey announced his resignation from the social media giant. Questions: How did the CEO of Twitter, Jack Dorsey, announce his departure and was it expected? Who did Mr. Dorsey put in charge? When Mr. Dorsey announced this, what happened with the stock market and the employees at Twitter?… Read more »

What would you do with: Two First-Class Plane Tickets and $10,000?

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The chief executive and founder of the shapewear company Spanx surprised employees with two first-class plane tickets and $10,000 each. Questions: How much did Sara Blakely spend to start her company in 2000 and what did she pledge it would be worth when people laughed 21 years ago? What fact points to why Blakely is… Read more »

Theranos Scandal Story Continues

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While speaking with four former Theranos employees about the upcoming trial of embattled CEO Elizabeth Holmes, CNBC found the former employees want the trial to be over and still fear retribution. Questions: What was Micah Nies’ position at Theranos? Do the former employees think Holmes will be found guilty? Why? What red flags of the… Read more »

Theaters making a BIG comeback

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According to the Washington Post, Mooky Greidinger, the chief executive of Cineworld, believes that really bright days are ahead of the movie theater industry. Questions What is the theatrical window and how does it impact the U.S. movie theater industry? What is delaying the quick comeback of movie theaters in Europe? How is Cineworld and… Read more »

Trustify cannot be Trusted

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According to the Washington Post, the CEO for a sort of “Uber for private investigators” called Trustify was sentenced to 97 months this week for fraud. Questions: What is the CEO’s name and age? Did the company make a profit? Explain. Originally the CEO was sentenced for 9 years. Why was his sentence shortened? How… Read more »

Investigation into the Appearance of Wrongdoing

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A finding that Leon Black, the billionaire boss of Apollo Global Management, paid the convicted sex offender $150 million. This touched off an attempt to remove him. Questions: What is Apollo Global Management? Who tried to unseat Leon Black as CEO? What act of contrition does Black plan for his role in giving money to… Read more »

Golden Arches wants their Money Back

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According to the Washington Post, McDonald’s,the fast-food giant claims Steve Easterbrook, whose severance package is said to be worth $42 million, destroyed a paper trail of his “inappropriate personal behavior.” Questions: What did Mr. Easterbrook cover up? Why did the company reopen the firing case back up in July? How did the company find out… Read more »

The $3 idea goes away

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The San Francisco-based company that sold most private-label essentials without branding is closing. Questions: Why did they decide to close? Based on the article, how many people were employed at Brandless? How much did SoftBank invest in this company’s concept? When did Brandless start selling its products in major retailers’ physical stores instead of online-only?… Read more »