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#stockprice

2 posts2 participants0 posts today
LilMikeSF

#ParamountGlobal follows #HBO #DiscoveryTV in announcing deep financial write downs of #CableTV entertainment #assets. The value of once vaunted parent corp to #CBS , #Showtime & #MTV #CableNetworks has declined by $6 billion and current owner #ShariRedstone has announced intent to layoff 2,000 jobs, or 15% of US workforce in restructuring effort that to boosted entertainment empire's #stockprice while greasing transition to new media #ownership group led by #Oracle database doyenne Larry Ellison's son.

indiewire.com/news/business/pa

IndieWire · Paramount Has Lowered the Value of Its Cable Channels by $6 BillionBy Tony Maglio
Joseph Lim :mastodon:

Is this why CEOs serve #wallstreet shareholders iso #mainstreet clients?🧐

CEO pay is rising, widening the gap btw top executives & workers
"Many cos hv heeded calls fr #shareholders to tie #CEO #compensation more closely to performance. As a result, a large proportion of pay packages consist of #stockawards, which e CEO often can’t cash in for years, if at all — unless e co meets certain targets, typically a higher #stockprice or mkt value or improved operat'g #profits"
seattlepi.com/business/article

Associated Press · CEO pay is rising, widening the gap between top executives and workers. What to know, by the numbersThe typical compensation for CEOs of S&P 500 companies keeps climber higher — and...
Benjamin Carr, Ph.D. 👨🏻‍💻🧬

In a recent interview with Bloomberg, 23andMe CEO #AnneWojcicki said the company was considering splitting its consumer and therapeutics businesses in an effort to boost its #stockprice and maintain its listing.

Struggling #23andMe Is Exploring Splitting the #DNA Company in Two
CEO weighs separating consumer, drug-discovery businesses
#Stock has lost more than 90% of its value in just a few years
bloomberg.com/news/articles/20

Bloomberg · 23andMe CEO Mulls DNA Company Split as Stock Price SinksBy Kristen V. Brown
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