Disney CEO Bob Chapek to reel in $20M yearly bonus

Disney CEO Bob Chapek to reel in $20M yearly bonus

Disney CEO Bob Chapek will nab a $20 million bonus every year, fresh on the heels of winning a three-year contract extension despite recent upheaval at the company over hot-button political issues. The details of Chapk’s three-year contract were revealed in a recent SEC filing, which said that the beleagured exec will reel in “no … Read more

Job openings slip, but employment landscape remains solid

Job openings slip, but employment landscape remains solid

US employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained strong. Employers posted 11.3 million job openings at the end of May, the Labor Department said Wednesday, down from nearly 11.7 million in April. Job openings reached 11.9 million in March, the highest level on records … Read more

Tesla no longer the world’s top seller of electric cars

Tesla no longer the world's top seller of electric cars

Tesla’s commanding lead in the electric vehicle market is shrinking, according to sales figures released this week by Warren Buffett-backed Chinese automaker BYD. BYD revealed that it sold a whopping 641,350 “new energy vehicles” – or full-battery electric vehicles and plug-in hybrids – in the first six months of 2022, according to a company filing. … Read more

Ben & Jerry’s sues Unilever over sale of Israeli business

Ben & Jerry's sues Unilever over sale of Israeli business

Ben & Jerry’s filed suit against its parent company Unilever on Tuesday in an effort to block its sale of the Vermont-based brand’s Israel business to a local franchisee. The left-leaning ice cream brand, which is known for championing liberal causes, alleged in a complaint filed in US District Court in Manhattan that Unilever’s “unilateral … Read more