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Red Lobster’s new CEO Damola Adamolekun admits the endless shrimp deal caused “chaos”

Red Lobster's new CEO Damola Adamolekun says $20 unlimited shrimp offerings have caused stress and “havoc” for employees, contributing to the restaurant's bankruptcy filing. I admitted that I caused it. Mr. Adamolekun, 35, was selected to take over the struggling Orlando-based chain in August after it suddenly closed 100 stores and filed for Chapter 11 […]

CEO Alejandro Pena Talks Keter’s Game-Changing Signature Collection

Under Keter CEO Alejandro Pena, the brand's signature collections combine innovative design with environmental and economic sensibilities. The concept of outdoor living has changed dramatically in recent years. What was once a simple patio with a few chairs has now evolved into a sophisticated outdoor room with a kitchen, entertainment area, and luxurious seating arrangement. […]

Telegram CEO Pavel Durov says ‘little has changed’ in app since arrest

Telegram CEO Pavel Durov said his messaging service has been handing over user data to authorities to crack down on criminal activity for years, and that the app's privacy policy has “not changed much” since his arrest. The tech mogul, who has been charged in France with aiding and abetting child pornography and other crimes […]

Nike sales slump 10%, shares plunge as new CEO faces massive challenge

Nike withdrew its full-year sales forecast on Tuesday and also missed quarterly revenue expectations, sending its stock price down by the hour as the sportswear giant struggles with weak footwear demand amid stiff competition from emerging brands around the world. It fell 6% outside. The company previously expected annual sales to decline by a mid-single-digit […]

Charles Schwab’s CEO to retire

DR Barton, principal at Woodshaw Financial Group, argues that the recent market correction has created a great buying opportunity for Barney & Company. Walt Bettinger will retire from his long-time role as CEO of Charles Schwab at the end of 2024. The financial company announced Bettinger's retirement plans on Tuesday, linking upcoming leadership changes to […]

Port strike: West Coast port CEO confident facility can handle increased capacity

Greg Dowd, CEO of the National Milk Producers Federation, speaks on “The Bottom Line” about the impact a port strike could have on various industries and the economy. The CEO of the Port of Long Beach is confident Southern California will be able to handle the increase in cargo caused by the longshoremen's strike at […]