Imagine a restaurant promotion so popular that it drives customers to stuff themselves with shrimp for hours on end, causing chaos in the kitchen and making tables scarce. This is the story of Red Lobster's all-you-can-eat shrimp fiasco, which cost the business millions and led to numerous closures.
The past week in Chicago was nothing short of chaotic. On Monday, the city's gunshot detection system called ShotSpotter went offline, leaving residents concerned about their safety. The City Council is even considering legal action against Mayor Brandon Johnson unless he finds a suitable replacemen
Get ready for Nike’s quarterly earnings report – it’s going to be a big one! The world's largest sneaker company is facing some challenges, like a possible drop in sales and profits. But they’re also starting a new chapter with their new CEO, Elliott Hill. Hill has been with Nike for 32 years and kn
WeightWatchers is undergoing a significant change in its leadership structure. Sima Sistani, the company's CEO for over two years, has stepped down, paving the way for Tara Comonte to take over as interim CEO. Comonte, a board member and former Shake Shack executive, has been tasked with improving t
Ralph de la Torre, the CEO of Steward Health Care, has announced his departure from the company. This move comes after Steward filed for Chapter 11 bankruptcy protection in May. De la Torre was previously the CEO of Caritas Christi Health Care and a cardiac surgeon at Beth Israel Deaconess Medical C
Sima Sistani, the CEO of WeightWatchers, unexpectedly stepped down from her position after a two-year tenure. During her time at the company, Sistani took a bold step by embracing weight-loss drugs like Ozempic and Wegovy. She believed that incorporating these medications would help the company stay
The recent announcement by Southwest Airlines to revamp its business plan has sparked controversy, with activist hedge fund Elliott Investment Management criticizing the airline's leadership. The fund, led by billionaire Paul Singer, has been pushing for a management shakeup, citing the airline's sa
The recent Senate committee vote to hold the CEO of a failed hospital chain in civil and criminal contempt drew widespread attention. The events unfolded amidst the backdrop of a healthcare crisis, where the company's collapse led to dire conditions in its hospitals, resulting in the deaths of at le
Boston's business landscape is facing a crisis of leadership, with at least 10 prominent Black leaders departing from their roles this year. The unexpected exit of Cain Hayes, CEO of Point32Health, has sparked urgent conversations among Boston's Black leaders, who fear that the city is shedding more
Nike, one of the world's most recognized sportswear brands, is taking a fresh stride with the announcement that its CEO, John Donahoe, is stepping down. Donahoe, who has been at the helm since 2020, will retire on October 13, making way for Elliott Hill, a company veteran, to take over the reins. Hi
