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Kennedy Center Braces for Immediate Closure Over Trump's Name Demand
politics24 days ago

Kennedy Center Braces for Immediate Closure Over Trump's Name Demand

Trump (as Kennedy Center board chair) says the main complex will close immediately for safety concerns and cannot be renovated until his name is restored to the facade, amid financial strain and ongoing legal battles over the renaming. The board voted to shutter the main building while keeping The Reach open, with lawsuits and appeals challenging court rulings, and Trump offering to marshal funds to keep the center afloat during renovation.

via Deadline|
#bankruptcy#board#donald-trump
Kennedy Center weighs Trump-named renovations to secure donor funds
politics1 month ago

Kennedy Center weighs Trump-named renovations to secure donor funds

The Kennedy Center is preparing for an August board vote to restore and display President Donald J. Trump’s name on its façade as part of renovations; DOJ lawyers say donations for the project would dry up without the naming, while critics warn the move could be a pretext to justify closures, noting recent removal of Joel Shapiro’s Blue sculpture and ongoing activism by Keep the KC.

via apnews.com|
#board#donald-trump#donations
Better.com CEO Vishal Garg Eyes Comeback After Board Ouster
business1 month ago

Better.com CEO Vishal Garg Eyes Comeback After Board Ouster

Vishal Garg, ousted as Better Home & Finance (Better.com) CEO by a board led by Daniel Lewis, says he has the votes to reclaim the post and would work for $1 a year; Lewis has led the company since last week, investors have pushed back as the stock tumbled about 45%, while the company pivots to AI-driven mortgage processing with partners like Neo Home Loans, Intuit, Coinbase and OpenAI in a bid for profitability.

via ABC7 Chicago|
#ai-mortgage#bettercom#board
Better.com founder claims he was ousted by a board member who joined a week earlier
world1 month ago

Better.com founder claims he was ousted by a board member who joined a week earlier

Vishal Garg, the founder and former CEO of Better.com famous for laying off 900 employees on a Zoom call before Christmas in 2021, says he was fired and replaced by hedge fund manager Daniel Lewis who had joined the board a week earlier; Garg alleges he was hoodwinked and is seeking reinstatement at $1 a year until profitability is restored, as the company pivots to restore growth and profitability.

via The Independent|
#bettercom#board#layoffs
"Sam Altman Reinstated to OpenAI Board Following Investigation"
technology2 years ago

"Sam Altman Reinstated to OpenAI Board Following Investigation"

Sam Altman has been reinstated to OpenAI's board after an investigation found that his conduct did not warrant removal. The investigation, conducted by law firm WilmerHale, concluded that Altman and co-founder Greg Brockman are the right leaders for OpenAI. The summary of the investigation, however, lacks specific details about the reasons for Altman's sudden firing last fall. Altman apologized for his actions and OpenAI announced plans to strengthen its conflict of interest policy and create a whistleblower hotline. Questions remain about the involvement of co-founder and chief scientist Ilya Sutskever following the failed coup.

via The Verge|
#board#investigation#leadership
"Disney Family Supports CEO Iger, Condemns Activist Investors in Shareholder Battle"
business2 years ago

"Disney Family Supports CEO Iger, Condemns Activist Investors in Shareholder Battle"

The grandchildren of Walt Disney have expressed support for CEO Bob Iger and the company's board while opposing activist investors, including billionaire Nelson Peltz, who have been pushing for changes at the Walt Disney Co. The grandchildren of Roy Disney called the activists "wolves in sheep's clothing" and expressed concerns about their motivations, while the grandchildren of Walt Disney voiced their support for Iger and the current management. This comes amid a proxy war with Peltz, who has criticized Disney's investment plans and pushed for changes in the board. Disney's CEO, Bob Iger, expressed gratitude for the support from the Disney family.

via Reuters.com|
#activist-investors#board#bob-iger
Oprah's Departure from WeightWatchers Board Sparks Stock Tumble
business2 years ago

Oprah's Departure from WeightWatchers Board Sparks Stock Tumble

Oprah Winfrey is stepping down from the board of Weight Watchers, where she has been the most prominent spokeswoman since 2015. Her announcement, following her public revelation about taking a weight-loss medication, caused the company's stock to plummet by 25 percent. Despite this, Weight Watchers stated that her decision was not due to any disagreement with the company.

via The New York Times|
#board#business#oprah-winfrey
"Oprah Winfrey's Departure Sends Weight Watchers Stock Plummeting"
business2 years ago

"Oprah Winfrey's Departure Sends Weight Watchers Stock Plummeting"

Oprah Winfrey is set to leave the board of Weight Watchers, a company struggling to compete with weight-loss drugs' popularity. She revealed using weight-loss drugs as a "maintenance tool" and plans to donate her shares to the National Museum of African American History and Culture. Weight Watchers faces a major shift in the weight-loss industry with the launch of anti-obesity drugs like Wegovy and Ozempic, and recently reported a net loss of $88.1m. The company also announced the acquisition of digital health company Sequence to incorporate prescription medications into its weight loss program.

via BBC.com|
#board#business#obesity
"Twilio Co-Founder Jeff Lawson Steps Down as CEO, Replaced by Shipchandler in CEO Transition"
businesstech2 years ago

"Twilio Co-Founder Jeff Lawson Steps Down as CEO, Replaced by Shipchandler in CEO Transition"

Twilio co-founder and CEO Jeff Lawson is stepping down amid slowing sales growth and pressure from activist investors. He will be replaced by Khozema Shipchandler, who led the communication business unit. Lawson will also step down from the board, with Jeff Epstein becoming the new board chair. Twilio shares jumped 7% following the announcement.

via Bloomberg|
#board#businesstech#ceo
OpenAI's CEO Sam Altman's Journey: From Being Fired to Reinstated, with Microsoft's Support
technology2 years ago

OpenAI's CEO Sam Altman's Journey: From Being Fired to Reinstated, with Microsoft's Support

Sam Altman, the former CEO of OpenAI who was fired and then rehired, has expressed his initial defiance and anger at being fired but ultimately decided to return to the company due to his love for the mission and the progress being made. Altman declined to provide details on why he was fired, stating that an independent investigation by the board will be conducted. He also mentioned that the employees' support played a significant role in his return. Altman emphasized that improving the governance structure will take time and that OpenAI's approach to safety work remains unchanged.

via The Verge|
#board#ceo#investigation
OpenAI's Management Mishap Raises Concerns as Microsoft Joins Board
technology2 years ago

OpenAI's Management Mishap Raises Concerns as Microsoft Joins Board

Sam Altman has officially returned as CEO of OpenAI, with Microsoft joining the nonprofit board as a non-voting observer. Altman expressed excitement about the future and gratitude towards the team. OpenAI's new board consists of chair Bret Taylor, Larry Summers, and Adam D'Angelo. Altman also mentioned his continued working relationship with Ilya Sutskever, OpenAI's co-founder and chief scientist. The immediate priorities for OpenAI include advancing research, improving products, and building a diverse board. The company aims to strengthen its corporate governance and ensure the stability of OpenAI.

via The Verge|
#board#ceo#microsoft