Morgan Stanley’s board awarded James Gorman a handsome 17% raise raise in 2023, making his total compensation for his last year as the bank’s chief executive $37 million. On top of his $1.5 million base salary, Gorman received a cash bonus of just under $9 million, according to a regulatory filing Friday reviewed by Bloomberg….
It’s down to Trump and Haley now The effort to pick anyone but Donald Trump as the Republican presidential nominee took another big, if expected, blow on Sunday when Ron DeSantis dropped out of the race and endorsed the former president. (Other former hopefuls, including Vivek Ramaswamy and Tim Scott, have also endorsed Trump.) The…
Three years ago, dozens of big companies formed a coalition and declared an ambitious goal: to lift one million Black workers into good-paying jobs over the next 10 years, by hiring or promoting them. The resulting nonprofit, OneTen, was created amid a crescendo of calls to address racial injustice after George Floyd’s murder in 2020….
Over the past two years, as Ishan Bhabha and his colleagues at the law firm Jenner & Block prepared briefs for the affirmative action case the Supreme Court ruled on last year, Mr. Bhabha had a realization: If higher education institutions like Harvard were the first target of litigation about diversity, equity and inclusion, America’s…
In-N-Out Burger’s only location in Oakland is closing after the cherished fast-food joint decided it could no longer risk the safety of fed-up workers and patrons in the city plagued by recent crime. The location will shut its doors in March — despite the burger spot turning a profit — because of the constant crime…
Arkhouse Management and its partner Brigade Capital Management on Dec. 1 made a $5.8 billion proposal to take department store chain Macy’s private, Arkhouse confirmed on Sunday. Arkhouse Management, a real-estate-focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the Macy’s stock they don’t already own for $21…
Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May. This is the first time Exxon is seeking to exclude a shareholder proposal by filing a complaint in court. It says the…
Donald J. Trump, who popularized the term “fake news” and as president declared the news media “the enemy of the people,” is again clashing with journalists over press access, this time to his 2024 campaign events. An NBC News correspondent said on Sunday that aides to Mr. Trump stopped him from covering an event in…
A Colorado man was cited after more than 200 newspapers were stolen from distribution boxes, stopping people from buying The Ouray County Plaindealer the day it published a front-page story about an investigation into sexual assault at the home of the Ouray city police chief. The Plaindealer said in a note to readers on Thursday…
A Palestinian restaurant chain owner who took flak for his inflammatory “river to the sea” menu header is hosting a free sabbath dinner on Friday in part to thank his Jewish customers for their support and to foster community. Restaurateur Abdul Elenani, 31, owns Ayat, a chain of popular Palestinian eateries named after his wife, a…
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