One of Nike's top executives is stepping down over misconduct allegations. Brand president Trevor Edwards will resign from his position immediately but will stay on with the company through August. It was not immediately clear what sort of misconduct Edwards had engaged in. Nike sent an internal memo to employees saying it had received reports of behavior that was not in line with the company values of inclusivity, respect, and empowerment. Edwards, who's been with the company since 1992, was seen as a potential successor to the current CEO Mark Parker.
Airbnb is making it easier for people with disabilities to find rentals on its platform. The company is introducing 21 new filters that allow customers to search for homes with features like a step-free entry to the house, rooms with wide doorways, or roll-in showers with chairs. Before, customers were only able to search for wheelchair accessible rentals.
We dive into the Theranos fraud scandal with the Wall Street Journal reporter who initially reported that something was off with the start-up blood testing company. The SEC recently charged former CEO and founder Elizabeth Holmes with massive fraud, and as a result, she will have to pay a $500,000 fine and is unable to serve as CEO or director of any publicly traded company for the next decade.John Carreyrou says he's surprised charges weren't brought against Holmes sooner.
And Tim Stenovec chats with Neil Patrick Harris about season two of his Netflix show "A Series of Unfortunate Events." Harris plays the evil Count Olaf in the show, which is planning to wrap up after season three. Even though binge-watching is tempting, Harris encourages people to not power through the episodes of his show.
Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, this is normal.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
