Why Trump bought Mar-a-Lago, Jamie Dimon's warning, and Red Lobster's new CEO: Leadership news roundup

In a recently published 1989 interview with journalists, Donald Trump said he bought his lavish Florida estate after talking to a cab driver.

The then-future and now-former president spoke with Watergate journalists Bob Woodward and Carl Bernstein in his Trump Tower office, according to an excerpt of Woodard’s new book, “War,” published in the Washington Post. Woodward said the interview was “lost” for more than 30 years after it was taped, transcribed, and put in a manila envelope with a copy of Trump’s book, “The Art of the Deal.”

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Red Lobster’s new CEO, Damola Adamolekun, boldly declared the “Endless Shrimp” promotion a failure, citing its significant strain on the restaurant’s operations.

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JPMorgan Chase (JPM) chief executive Jamie Dimon didn’t mince words about the complex global geopolitical landscape.

“We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse,” Dimon said in the Wall Street giant’s third-quarter earnings report Friday. “There is significant human suffering, and the outcome of these situations could have far-reaching effects on both short-term economic outcomes and more importantly on the course of history.”

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Rising interest rates, slower-than-expected growth, the pandemic, and poor management have combined to push Drahi and his empire to the brink.

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