Tuesday, October 15

What you missed today

Author

Max
October 15, 2024

Good evening!

If you were a former pro athlete with a net worth of approximately $300 million, what would you spend your money on?

Here are the 7 things you missed today:

1.  💰 Lufthansa Was Fined A Record $4M

Germany’s biggest airline, Lufthansa, has been fined a record $4 million by the US Department of Transportation. The fine is a result of an incident in May 2022 where the airline prohibited 128 Jewish passengers, who were wearing “distinctive garb typically worn by Orthodox Jewish men,” from boarding as a group. The passengers, however, did not know each other, nor were they traveling together.

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3. 🏥 Walgreens Is Closing 1,200 Stores

Feeling like a broken record here, but Walgreens is yet again closing more of its drug store locations – this time approximately 1,200 stores. By 2027, about one in seven Walgreens currently open will close its doors with about 500 stores closing over the next year.

4.  🛠️ Things Worth Checking Out

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5. 🛫 United Airlines Is Planning On A $1.5Bn Share Buyback

Well, at least someone had a good Q3. United Airlines’ revenue and earnings exceeded expectations with Q4 earnings estimates above analyst forecasts. As a result, the airline is starting its first share buyback since before the Covid-19 pandemic with plans to buy back $1.5 billion worth of shares.

6. 🏈 NFL’s Las Vegas Raiders Have A New Part Owner

And it’s Tom Brady. The former superstar quarterback was approved unanimously today by NFL owners as a minority owner of the Las Vegas Raiders. The seven-time Super Bowl champ bought a 10% stake in the Raiders with his business partner, Knighthead Capital founder Tom Wagner.

7.  🎮 Microsoft Settled Lawsuit Over $69Bn Activision Deal

A cohort of video gamers sued Microsoft over its $69 billion purchase of “Call of Duty” maker Activision Blizzard, claiming the deal harmed industry competition and drove up prices. A new court filing reveals that the lawsuit was resolved and cannot be refiled, but it’s unclear how or why it’s been settled…

Bonus. CEO Tip Of The Day

Do your team members own tasks or programs? If it’s the former, you might want to consider giving the Program-Oriented Team Structure a try… it might help your team perform better by giving them more ownership of the whole process.

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