A Google CEO on remote work, Mark Cuban on Trump, Starbucks' new boss: Leadership news roundup
Plus, Warren Buffett bets big on a beauty brand — and the stock soars
Former Google (GOOGL) chief Eric Schmidt took back earlier harsh words about how Google’s remote work policy has impacted the company’s innovation in artificial intelligence.
3 / 12
Mark Cuban says former President Donald Trump’s fans in Silicon Valley don’t just want him to be president again — they want him to be the “CEO of the United States of America,” with them as his board of directors.
Starbucks (SBUX) is set to welcome a new CEO. Brian Niccol, a powerhouse in the restaurant industry, is expected to take over next month, bidding farewell to his transformative tenure at Chipotle (CMG).
5 / 12
Starbucks’ incoming chief executive, current CEO of Chipotle Brian Niccol, gave up the guac for a different type of green.
When Niccol takes the helm at the coffee chain next month, he’ll be welcomed with a payday that could reach as much as $120 million a year, Starbucks revealed in regulatory filings dated Sunday.
Warren Buffett’s Berkshire Hathaway (BRK.A) revealed in a new regulatory filing that it’s been busy making moves into beauty and aerospace.
The investment giant bought shares in Ulta Beauty (ULTA) and aerospace firm Heico Corp. (HEI) in the second quarter. Ulta Beauty stock soared 10% on Thursday, making it the top gainer in the S&P 500. The beauty brand’s stock was headed toward its best day in two years after Berkshire disclosed its big stake.
Google (GOOGL)’s former CEO and chairman Eric Schmidt says Google fell behind on AI because of remote work.
“Google decided that work-life balance and going home early and working from home was more important than winning,” Schmidt said during a talk at Stanford University in July, responding to a question about why startups such as OpenAI are leading in AI innovation. “And the reason startups work is because the people work like hell.” The His remarks were first reported by Fortune.
Instead of focusing on Tesla’s plummeting profits and sales slump, CEO Elon Musk is busy suing various companies and organizations for taking issue with his bigotry. The lawsuits are generally laughable, but he does have an ace up his sleeve — a Texas judge who’s proven to be incredibly friendly to Musk. NPR reports the judge also owns thousands of dollars in Tesla (TSLA) stock, but apparently, that’s not enough of a conflict of interest to get him off Musk’s cases.
The United Auto Workers (UAW) union on Tuesday said they filed federal labor charges against the “disgraced billionaires” Former President Donald Trump and Elon Musk, the leader of several different companies, over comments made Monday night.
Vice President Kamala Harris’s campaign is sure to have a fashionable Labor Day weekend – with Tory Burch and Anna Wintour recently announcing that they will hold a Hamptons fundraiser for the Democratic candidate.
Donald Trump’s signature Boeing 757 – often called Trump Force One – experienced mechanical issues last week and was grounded. The plane the Trump campaign used in its place was none other than a Gulfstream once owned by Jeffrey Epstein. Yes, that Jeffrey Epstein – the child sex trafficker and disgraced financier.