Amazon is joining forces with Berkshire Hathaway and JPMorgan Chase to bring their employees better and cheaper healthcare. The three companies will start an independent company focused on technology that will make the healthcare system more efficient. Details are scarce as plans are still in the early stages.
EasyJet CEO Johan Lungren is cutting his salary to match that of his female predecessor. His initial pay was reportedly over $1 million but he's subtracting $50,000 to make things equal. The UK airline chief says he wants to show his personal commitment to the cause. On average, the company has a 52% difference between male and female salaries.
Actor Jeff Hiller is stepping into the critically-acclaimed off-Broadway solo show "Bright Colors and Bold Patterns." He joins Cheddar to discuss how he'll put his own personal spin on the production. This comes as creator Drew Droege is taking the production on tour.
Plus, Chat Sports CEO and Founder James Yoder gives his take on the Cleveland Indians' decision to do away with their controversial logo. The Chief Wahoo logo will no longer be on team uniforms or signage starting 2019. Yoder also breaks down the big storylines heading into the Super Bowl.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
