Even relaxation has gone into restructuring mode
Leslie's, the Phoenix-based pool supply retailer, filed for Chapter 11 bankruptcy this week with plans to close 76 stores. The company is restructuring with $90 million in new debtor-in-possession financing while existing lenders take majority control. Debt reduction of approximately $685 million is
Your company's top job now comes with an expiration date
Mattel and General Mills just made their moves. Roger Lynch takes over at Mattel on September 30. Dana McNabb steps into General Mills on January 1, 2027. Neither announcement landed like breaking news because we've stopped being surprised when C-suite chairs spin.
Actual steel production: 2030. Press release momentum: immediate.
Donald Trump stood in front of an $18 billion steel project this week and did what he does best: made it sound like it was already built. The Essar-backed facility spanning Iowa and Minnesota will be, Trump promised, the largest steel plant in American history, producing 10 million tonnes of steel a
Company warns AI could end humanity. Asks investors for $518 billion anyway.
Anthropic has filed for an initial public offering that reads like a venture capitalist's fever dream crossed with a doomsday manual. The AI safety company—the one built explicitly to prevent catastrophe—is asking public markets for a $2 trillion valuation while devoting 80 pages of its 261-page pro
What could go wrong letting the engagement algorithm people run your operations?
Meta is pivoting to enterprise software. Yes, that Meta. The company that spent twenty years perfecting the art of making people addicted to their phones now wants to manage your company's databases, automate your workflows, and handle your most sensitive business operations.
Nothing says 'we own the future' like buying your own stock
Nvidia just authorized $150 billion in stock buybacks. The framing from management: attractive valuations, disciplined capital allocation, confidence in long-term growth. The reality is messier.
While AI startups implode, boring pipe companies become billionaires. Tale as old as gold rushes.
Akamai just signed the largest contract in its corporate history. $11.6 billion with Anthropic. Seven years. Potentially $20 billion if you count the options.
When your compliance department treats regulations like a Michelin guide
Manchester City have been found guilty on 114 of the 115 charges brought by the Premier League, which is less a regulatory verdict and more a masterclass in institutional creativity. If you're going to break the rules, apparently, commit to the bit.
Breaking: Transformative Technology Requires Customers. Markets Shocked, Confused, Retreating.
The Nasdaq dropped 1.18% this week, and if you've been paying attention to literally any LinkedIn post since 2023, you know exactly why. Technology stocks dragged the broader market down. AI-related equities in particular are having what we in the business call 'a moment.' The kind of moment where t
Everyone else is mining for gold. Akamai is selling the shovels.
There's a reason the smartest investors aren't trying to build the next ChatGPT. They're trying to build the infrastructure that ChatGPT needs to not explode.
Nothing documents a death spiral quite like firing the documentarians
Here's a question for the corporate efficiency experts: who covers the media industry when the media industry is too busy firing media people to cover itself?
Tim Cook's Theory: Indians Will Pay 44% More Because They Have No Choice
Apple just crossed a threshold that matters: $10 billion in annual revenue from India in fiscal 2026, up from roughly $9 billion the year before. That double-digit growth is real. So is the gamble underneath it.
It's not you, Jeff. It's the algorithm. Also it's you.
Jeff Kip lasted two years as Angi's CEO before discovering the 2026 executive exit strategy: blame the machines. On September 22, Michael Steib took over, and with him came the company's full pivot to what it's calling "AI-driven operations"—which is corporate speak for "we need someone who talks ab
When your product names sound like a sci-fi pantheon, you've won the confidence game
OpenAI has announced GPT-5.6, a suite of three models named after celestial bodies: Sol, Terra, and Luna. If you're wondering whether this naming strategy screams "we are literally reshaping human civilization," congratulations—you've understood the assignment.
Move Fast and Break Things. We Broke Payroll.
The music stopped in 2026, and the dance floor cleared faster than anyone predicted. While earnings reports still use words like "optimization" and "strategic realignment," there's a far more honest metric now: the layoff tracker has become the most reliable financial statement Silicon Valley produc
Delaware judge sides with accountability. Fox's legal team learns deletion isn't a strategy.
A Delaware judge on Friday handed Fox its teeth in a shareholders' lawsuit, ordering the company to produce approximately 700 documents that its legal team had fought to keep sealed. Vice Chancellor Bonnie David ruled fully in the plaintiffs' favor, which means Fox is now in the business of proving
Turns out the enemy of my enemy is my... pool camera operator
It takes a lot to make ABC, CBS, NBC, and Fox News agree on anything. Turns out all it takes is someone telling them they can't come to the White House.
Nothing says 'transparent governance' like producing 700 documents you'd rather burn
A Delaware judge just handed Fox Corp. a discovery bill that would make any general counsel start stress-eating. On Friday, the court ordered Fox's legal team to cough up approximately 700 documents in a shareholder lawsuit that's been grinding away for three years. The documents include board meeti
What happens when your product is too good at being weaponized?
Anthropic has a timing problem, and the irony is almost too perfect.