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77°
Thursday, may 23
Tag:
Kevin Johnson
Business
17-Year-Old Connecticut Girl Is Outearning Top CEOs By Millions
A teen social media star from Connecticut is outearning some of the most successful CEOs in the US by millions of dollars, according to new reports by Forbes and the Wall Street Journal. With 133 million TikToker followers, 17-year-old Fairfield County resident Charli D'Amelio, of Norwalk, who started posting to TikTok in 2019 -- has the video-sharing app's largest following, Forbes says. Last year, she brought in $17.5 million. The median pay for chief executives of S&P 500 companies in 2020 was $13.4 million, the WSJ reports. Darren Woods was the highest-earning CEO of 2020, brin…
Business
Covid-
19: Starbucks Closing Up To 400 Stores In Shift To Takeout Strategy
Starbucks will close up to 400 of its traditional cafes due to fallout from the novel coronavirus (COVID-19) pandemic, which has put a stop to indoor dining in many areas. The company announced on Wednesday, June 10 that it will open dozens of pickup-only stores and renovate or move other existing stores in the United States and Canada in the next 18 months. “Starbucks stores have always been known as the ’third place,’ a welcoming place outside of our home and work where we connect over a cup of coffee,” said Kevin Johnson, the CEO of Starbucks. “As we navigate through the COVID-19 crisis,…