Norby Williamson, the longtime ESPN executive who was recently criticized by popular on-air personality Pat McAfee, will leave the network after nearly 40 years, according to a memo sent to employees on Friday.The move had nothing to do with McAfee, a person familiar with the situation but not authorized to speak about it publicly to The Times, but came about because Williamson did not share ESPN chief of content Burke Magnus' long-term vision for the company's content. strategy.In a memo to staff, which was seen by The Times, Magnus wrote: “I am communicating some important news. Norby Williamson will leave…
Author: ricardofrancois
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Boeing revealed a $32.8 million award to outgoing CEO Dave Calhoun, up 45 percent from the previous year, even as the plane maker struggles to contain a crisis of confidence in its quality controls.In a regulatory filing on Friday, Boeing said Calhoun received a bonus in February 2023 that will boost his total salary above the level of previous years. He received potential stock bonuses worth $30 million on top of his $1.4 million salary, bringing his total pay for the year…
Elon Musk, CEO of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, on June 16, 2023. Gonzalo Fuentes | ReutersTesla X will unveil its robotaxi product on August 8, CEO Elon Musk said in a social media post on X.Musk has talked about the robotaxi project for years, and it could represent big new business for the automaker as investors grow wary of the company during a period of slow growth.Tesla shares rose more than 3% in extended trading…
Just hours after Elon Musk claimed Reuters was “lying” about its plans to ditch the low-cost $25,000 EV and instead focus all its efforts on a robotaxi, the Tesla CEO announced on X that he would unveil the robotaxi mentioned in An event taking place on August 8th. The announcement comes as Tesla EV sales have lagged and profits have fallen, leaving the company and its CEO searching for another product to boost sales — or at least the stock price. Earlier on Friday, a Reuters report citing three anonymous sources and internal documents said that Tesla was abandoning its…
Boeing CEO Dave Calhoun speaks with reporters on Capitol Hill in Washington, D.C., before meeting with a group of senators on January 24, 2024.Jim Watson | AFP | Getty Imagesopen minded Boeing CEO Dave Calhoun's pay fell to $5 million last year after declining a bonus, compared to $7 million in 2022, and his latest compensation package was hurt by the long safety crisis surrounding the company's best-selling jet, the 737 MAX. .Calhoun's total compensation last year rose 45% to $32.8 million, compared to $22.6 million the year before. But Boeing said the 2023 amount is closer to $25 million,…
BALTIMORE — President Biden got a first-hand look at efforts to clear the “mangled mess” from the remains of the collapsed Francis Scott Key Bridge in Baltimore, as cranes, ships and dive crews worked to reopen one of the nation's major shipping lanes.Aboard Marine One, as he circled the mangled remains of metal and the mass of construction and salvage equipment trying to clear away the wreckage of last week's collapse, Biden on Friday got his first up-close view of the devastation. On land, he received a briefing from local officials, the U.S. Coast Guard and the Army Corps of…
Stay informed with free updatesSimply subscribe to Cryptocurrency myFT Digest – delivered straight to your inbox.A New York jury has found Terraform Labs and its co-founder Do Kwon liable for defrauding cryptocurrency investors as part of a scheme that allegedly caused a $40 billion loss in market value.The civil ruling, handed down after a nine-day trial in Manhattan federal court, is a win for the US Securities and Exchange Commission as the regulator launches a crackdown on the cryptocurrency sector. Last year, the Securities and Exchange Commission sued the collapsed stablecoin operator and Kwon for allegedly raising billions of dollars…
The Mandalorian and the Child (Grogu) in Disney+'s The Mandalorian.DisneyWalt Disney Company On Friday, it revealed its new theatrical schedule, which will include a Mandalorian and Grogu movie, a fifth Toy Story movie, and another Tron movie before the end of 2026.The company's theatrical business has struggled in the wake of pandemic shutdowns and dual labor strikes in Hollywood, with production halted and moviegoers' box office habits changing. All the while, Disney struggled to connect with audiences, exacerbating revenue problems.Since returning to the helm of Disney in late 2022, CEO Bob Iger has worked to right the ship. He admitted…
Officials in Los Angeles — eager to ease the city's reliance on police officers to handle nonviolent mental health emergencies — have launched a new pilot program that sends unarmed civilians to train to respond to such calls.The so-called unarmed model of crisis response, modeled after a program announced out of Oregon, involves two teams of mental health practitioners available 24 hours a day, seven days a week, for situations that would normally fall to police, city officials said. , such as conducting welfare checks and responding to calls for public intoxication and indecent exposure. The program, run by the…
A McDonald's crew member prepares French fries in Miami, Florida.Getty ImagesIt's a timeless question in fast food restaurants: Do you want fries with that?One major potato supplier noted that respondents continue to answer affirmatively at a higher than average rate. It highlights the resilience of consumer spending, even as inflation squeezes pocketbooks and savings dry up due to the pandemic.A larger percentage of customers continue to add the premium side to meal orders than in the past, according to the frozen potato supplier Lamb Weston. Looking at the bigger picture, the strength of the so-called fry attachment rate is bolstering…