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The article discusses environmental problems at Tesla's factory in Austin, Texas, including toxic pollutants being released into the environment and wastewater violations. Former employees and documents reveal that Tesla bosses were aware of the issues but prioritized production over environmental concerns. The company has faced similar environmental violations at its Fremont, California facility and SpaceX has also had run-ins with regulators. Despite Elon Musk's environmental goals, his companies have a history of breaking environmental rules. [Extracted from the article]

Disney is expanding its search for a successor to CEO Bob Iger, considering external candidates such as Electronic Arts CEO Andrew Wilson. The board, led by incoming chairman James Gorman, aims to broaden the pool of contenders for the top job, which is expected to be filled in early 2026. The succession process is crucial for Disney's future and will shape Iger's legacy, with potential for a dual CEO setup similar to Netflix's model. [Extracted from the article]

President Biden's recent comment about Trump supporters being "garbage" during a call with Latino voters caused a stir, with Republicans likening it to Hillary Clinton's 2016 "deplorables" remark. Biden clarified that he was referring to one supporter, not all. His absence from Vice President Harris's campaign event highlighted his diminished role in the current campaign, as he focuses on his legacy and plans for his presidential library post-election. Despite some resistance in fundraising for the library, Biden's team is coordinating with the Harris campaign, and Biden is considering various institutions as potential locations for the library. [Extracted from the article]

The article discusses the succession drama at Estée Lauder, with Stéphane de La Faverie being chosen as the new CEO to lead a turnaround plan. Jane Lauder, a potential candidate for the CEO position, will step aside from her executive role. The company has faced challenges in recent years, with a focus on cost-cutting measures and streamlining operations. The decision to appoint an insider as CEO comes after a period of debate within the board and the Lauder family. [Extracted from the article]

The article discusses the resignation of Howard Lorber, CEO of Douglas Elliman, following concerns about a sexually charged work culture. The board formed a special committee to investigate workplace accusations, including sexual misconduct allegations against former star agents, the Alexander brothers. Lorber's departure also coincided with financial struggles for Elliman, with market capitalization dropping significantly. The company appointed a new chairman and CEO, Michael Liebowitz, to succeed Lorber. [Extracted from the article]

James Gorman, a former CEO of Morgan Stanley, is set to become chairman of Disney's board in January, tasked with overseeing a smooth transition to new leadership. Gorman aims to find a successor for Bob Iger, Disney's current CEO, and is focused on ensuring a strong pipeline of leaders for the company's long-term success. The board, with the help of an external search firm, is looking at both internal and external candidates to lead Disney through a period of significant change in its various business divisions. [Extracted from the article]

Byline: Georgia Wells and Emily Glazer Oct 31, 2019 (The Australian - ABIX via COMTEX) -- Social media platform Twitter is to ban political advertising worldwide as from 22 November, [...]

Vice President Kamala Harris, while publicly campaigning on holding big business accountable, has privately sought advice from CEOs and investors. She has engaged in conversations with business leaders, including billionaire Mark Cuban, about issues such as pharmacy pricing, taxes, Wall Street, and the deficit. Harris has also hosted dinners with chief executives to discuss various topics, and she has been open to their feedback. While some business leaders have been turned off by her criticism of Trump's tax breaks, others are optimistic that she would reject certain progressive priorities as president. Harris has also sought to build relationships with Wall Street and Silicon Valley, in contrast to Biden's approach. She has been open to regulation that doesn't unnecessarily harm businesses and has emphasized the importance of the private sector in addressing complex problems. Some business executives have urged her to replace the chairwoman of the Federal Trade Commission, Lina Khan, due to her aggressive approach to antitrust enforcement. Harris has tried to keep discussions focused on antitrust policy rather than personnel. Overall, Harris's relationships with the business community may influence her presidency, and she has been seen as more pragmatic and open to business input compared to the progressive wing of the party. [Extracted from the article]

The article highlights the growing concern among company directors about the risks associated with artificial intelligence (AI) as its use becomes more prevalent. Topics include the impact of AI on productivity and potential employee errors, the challenges of data security and AI biases, and the need for boards to stay informed and create robust guidelines for artificial intelligence use.

Ultraexclusive conferences are becoming increasingly popular, with CEOs, VIPs, and billionaires vying for invitations. These invitation-only events provide a safe space for high-profile individuals to network and have conversations without fear of being photographed or tweeted about. Some of the notable conferences mentioned include the Weekend in Aspen, Google camp in Sicily, and Brilliant Minds in Stockholm. These events offer unique experiences, such as private concerts, high-intensity exercise classes, and game-show style quizzes. The allure of these conferences lies in their selective invite lists and the opportunity to connect with influential figures. [Extracted from the article]

Stephanie Pope, the COO of Boeing and CEO of its commercial-aircraft unit, has taken on the challenging task of leading the troubled commercial airplane division. This move has sparked a debate about whether executives need to be experts in their company's field to succeed. While some argue that only engineers can effectively address technical issues and meet industry demands, others believe Pope's ability to navigate bureaucracy and understand complex concepts make her a strong choice. Pope is a 30-year veteran of the company and is being considered as a potential candidate for the CEO position. She would be the first woman to lead Boeing. [Extracted from the article]

This Wall Street Journal article examines the close relationships between Elon Musk, CEO of Tesla, and some of the company's board members. The article raises questions about the independence of these board members and their ability to effectively oversee Musk, as they have engaged in drug use with him and profited from their connections. Concerns are also raised about Musk's own drug use and its potential impact on his companies. The article mentions a recent ruling by the Delaware Supreme Court, which allows Tesla board members to appeal a decision made by Musk on social media regarding the company's incorporation. Additionally, it highlights the concerns about corporate governance due to Musk's freewheeling commentary on social media, which has affected Tesla's stock price. [Extracted from the article]

The annual World Economic Forum in Davos, Switzerland brings together CEOs, billionaires, intellectuals, and world leaders for networking and dealmaking. The event offers a unique opportunity for powerful individuals to connect and exchange ideas. Tips from Davos regulars include strategically choosing locations to maximize encounters, using technology to remember names and contact information, finding common interests to initiate conversations, politely ending conversations with less important individuals, and prioritizing meetings and events. The article emphasizes the importance of authenticity and the willingness of influential people to engage with others. [Extracted from the article]

Many companies are moving away from using the acronym ESG (environmental, social, and governance) to describe their corporate initiatives due to investor backlash, political pressure, and legal threats. Instead, executives are employing new approaches and rebranding their reports and committees to remove ESG from titles. Some firms are even closing ESG funds as interest wanes. The shift in messaging reflects the complexity and divisiveness of ESG, with some criticizing it as "woke capitalism" and others finding fault with its measurement and disclosure requirements. Despite the change in language, many CEOs are still committed to sustainability, but are being more precise and setting achievable goals to avoid regulatory scrutiny and political criticism. [Extracted from the article]

Elon Musk has criticized a Wall Street Journal article that claimed leaders at Tesla and SpaceX are concerned about his drug use. Musk responded on social media, stating that he has not failed any drug tests and highlighting the success of his companies. The article alleged that Musk has used drugs such as LSD, cocaine, ecstasy, and psychedelic mushrooms. Illegal drug use could potentially jeopardize SpaceX's government contracts and violate company policies. Musk's attorney has stated that he is regularly drug tested and has never failed a test. [Extracted from the article]

This article, written by Emily Glazer and Kirsten Grind, discusses the impact of the COVID-19 pandemic on the global economy. It highlights how the virus has disrupted supply chains, leading to shortages of essential goods and causing financial strain for businesses. The article also explores the challenges faced by governments in implementing effective containment measures and the resulting economic consequences. Additionally, it examines the role of technology in facilitating remote work and the potential long-term changes to the way we work and live. [Extracted from the article]

McKinsey & Co., a prominent consulting firm, has reduced the size of its new partner class by approximately 35% compared to the previous year. Around 250 individuals will become partners in early 2024, down from the 380 named in 2022. This decrease reflects the impact of economic conditions on the demand for high-priced consultants. McKinsey, along with other top consulting firms, experienced a surge in demand during the pandemic but has since faced challenges due to corporate overhead reductions and a slowdown in the economy. Despite these changes, McKinsey is still expected to achieve mid-single-digit percentage growth in revenue this year. [Extracted from the article]

The Estée Lauder family, known for their beauty empire, is currently facing a succession rift that is impacting their business. The family has lost $15 billion in wealth this year and is divided over the future of the struggling company. Estée Lauder shares have dropped, while competitors like L'Oréal and LVMH are performing better. The family and board are in disagreement over the current CEO, Fabrizio Freda, with some members dissatisfied and others supporting him. The family's ownership stake and control over the company make reaching a consensus on succession crucial. The article explores the dynamics and challenges within the Lauder family, who founded and run Estée Lauder. The family has a long history of involvement in the business, with Leonard Lauder expanding the company and taking it public in 1995. William Lauder, Leonard's son, became CEO in 2004 and brought in Fabrizio Freda as an outsider to lead the business. There is tension between Leonard and William regarding the company's direction, with Leonard favoring traditional department stores while William and Freda believe in embracing mass outlets. The company has faced difficulties in recent years, including a decline in profits and struggles in the Chinese market. Succession planning is also a concern for the family as they navigate the dynamics of being a public company and a family business. [Extracted from the article]

CS Disco, a legal software company, is facing internal and external challenges following the abrupt exit of CEO Kiwi Camara after a sexual assault complaint. Current and former employees have raised concerns about the company's unhealthy culture, lack of transparency, and mishandling of workplace complaints. Some clients, including McDonald's and Peloton, are exploring alternative vendors, and law firms are reviewing their work with CS Disco. The company has stated that it is taking action to address these concerns and that any product problems and billing issues are rare and quickly resolved. [Extracted from the article]

Exxon CEO Darren Woods has received vindication for his unwavering belief in oil, as his $60 billion deal to acquire shale giant Pioneer Natural Resources has been backed by the company's board of directors, including those nominated by activist investor Engine No. 1. Despite facing criticism for his big spending and strategy for the shift to green energy, Woods maintained his conviction that Exxon is an oil company and made significant investments in oil production. The deal with Pioneer represents Exxon's largest since its merger with Mobil in 1999. Woods has been credited with the company's recent success, although some analysts attribute it to a surge in oil and natural-gas prices. Exxon is also actively seeking new investment opportunities globally. [Extracted from the article]

Walgreens Boots Alliance has announced that Tim Wentworth will be its new chief executive. Wentworth, a healthcare veteran and former CEO of Express Scripts, will take on the role as the pharmacy chain faces profit pressures and labor challenges. Walgreens recently warned of lower earnings per share and has been dealing with staffing issues. Wentworth's experience in the healthcare industry, particularly with pharmacy-benefit managers, may help him navigate these challenges. [Extracted from the article]

The article discusses the slow progress in diversifying corporate boards despite efforts to increase representation of women and racial minorities. While there has been a decrease in the reliance on CEOs of other companies to fill board seats, there has also been a slowdown in appointing women and racial minorities. Advocates argue that diversity can be achieved without sacrificing expertise and that it is beneficial for companies. The article highlights the challenges in increasing diversity, such as low turnover and limited board size. It also mentions the importance of considering specific skills and experiences when appointing directors. The article concludes by discussing the current state of diversity on boards and projections for the future. [Extracted from the article]

Complaint to ethics hotline It wasn't the first time that a CS Disco employee had complained about Camara's behavior with young female employees. Keywords: wsjcorp; kwexclusive; Agriculture; Farming; Horticulture; Fruit Growing; Tree Nut Farming; Computers/Consumer Electronics; Software; Applications Software EN wsjcorp kwexclusive Agriculture Farming Horticulture Fruit Growing Tree Nut Farming Computers/Consumer Electronics Software Applications Software N.PAG N.PAG 1 09/22/23 20230921 NES 230921 CS Disco employees say they had previously complained to company about Kiwi Camara's behavior with female employees Kiwi Camara, a Harvard Law School prodigy turned technology entrepreneur, drew attention last week when he resigned from software supplier CS DiscoLAW 11.77% increase; green up pointing triangle, walking away from stock options once valued at nearly $110 million. In early 2022, a CS Disco employee contacted the company's ethics hotline requesting an investigation into Camara's treatment of young female employees, including how they were hired, social gatherings he hosted and comments he made. [Extracted from the article]

Having failed repeatedly to draw Mr. Gates beyond these matters, Epstein tried unsuccessfully to leverage a past relationship to threaten Mr. Gates", said a spokeswoman for Gates. Several years of discussions with JPMorgan, Gates and others failed to yield the charitable fund for Epstein or Gates's commitment to it. Boris Nikolic, a Gates confidant and top science adviser at the time, who also knew Epstein, introduced Antonova to Epstein to help her raise the funds, the documents show. [Extracted from the article]

The Morgan Stanley executive and Walmart director overcame numerous hurdles during her career. Advisers offered guidance on good relationships and seeing the big picture. [Extracted from the article]

Finance head Christine McCarthy told directors of her lack of confidence in the CEO after a calamitous November earnings call. [Extracted from the article]