Southwest Airlines made waves on Tuesday with the announcement that Gary Kelly, the executive chairman and former CEO, will be retiring next year. This news comes amidst pressure from activist investor Elliott Investment Management for significant changes within the company. In a letter to shareholders, Kelly expressed the need for change and innovation, stating that
Business
The newly appointed CEO of Starbucks, Brian Niccol, has outlined a plan to prioritize the improvement of the chain’s U.S. business before addressing issues abroad. In an open letter published recently, Niccol acknowledged the shortcomings of the chain, particularly in the U.S. where there have been challenges in delivering a consistent customer experience. He identified
The National Football League (NFL) has made significant strides in expanding its fanbase through strategic streaming deals with various media companies. Hans Schroeder, the NFL’s executive vice president of media distribution, highlighted the league’s commitment to growing its audience during CNBC x Boardroom’s Game Plan sports business event. This push for growth was evident in
JPMorgan Chase, a prominent financial institution, faced a setback with a 5% decline in its shares following the bank’s president, Daniel Pinto, expressing concerns about overly optimistic expectations for net interest income (NII) and expenses in 2025. The bank’s target for NII in 2024 stood at approximately $91.5 billion, with the 2025 projection hovering around
In the world of extreme wealth, the concept of billionaires used to be the epitome of financial success. However, with companies like Berkshire Hathaway and Nvidia surpassing the $1 trillion mark, the focus has shifted to the race for trillionaire status. The question on everyone’s mind is: who will be the first to reach this
Activist investor Starboard Value has taken steps to dissolve News Corp’s dual-class share structure, in a bold move challenging the Murdoch family’s dominance over the media conglomerate. This initiative, revealed by sources familiar with the situation, indicates a significant shift in power dynamics within the company. The move was executed through a non-binding shareholder resolution,
The National Football League (NFL) season has always been a prime advertising platform, and automakers are starting to realize the potential once again. After a slowdown in recent years due to various factors, major automakers like Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are all looking to capitalize on the NFL and
Boeing’s Starliner recently undocked from the International Space Station much later than originally planned. The spacecraft left without the two astronauts it had initially delivered to orbit, as they will be staying at the ISS until February. This delay in the departure and return of the spacecraft is a major setback for Boeing and NASA.
The Green Bay Packers are a standout in the National Football League due to their ownership structure, which is unlike any other team in the league. Established over 100 years ago, the Packers are the only publicly owned team across the four major North American professional sports leagues. The franchise is completely owned by stockholders,
When Jerry Jones purchased the Dallas Cowboys for $150 million in 1989, the team was facing financial woes, losing $1 million a month. Despite the challenging circumstances, Jones wasted no time in implementing strategic changes both on and off the field to turn the team’s fortunes around. His swift actions and bold decisions eventually led