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MGM Resorts Appoints Acting Chief Executive Officer

PYMNTS

Amid the public health crisis in the country and the travel vertical, MGM Resorts International said in an announcement that Chief Operating Officer and President Bill Hornbuckle has been appointed to the position of acting chief executive officer and president. Hornbuckle replaces Jim Murren, the outgoing chairman and CEO.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

When mobile phone company Danger Inc was created in the heady days of 2000 with execs from Apple, Phillips, and WebTV, it looked like a leadership dream team. In the early 2000s, venerable retailers Sears and Kmart began losing ground to Walmart and Target, with Kmart even filing for Chapter 11 in 2002. Date: March 20, 2003.

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21 Lessons From Jeff Bezos’ Annual Letters To Shareholders

CB Insights

And nowhere is Bezos’ philosophy of business, technology, and leadership better articulated than in his annual shareholder letters, which he has written every year since the company’s IPO in 1997. 2003: Long-term thinking is rooted in ownership. 2003: Long-term thinking is rooted in ownership. With almost $17.5

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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

After soaring to a multi-billion-dollar valuation behind an iconic founder, a team of prominent backers, and a promise to revolutionize blood testing, Theranos officially ceased operations in 2018. Theranos was founded in 2003 by Elizabeth Holmes, then an undergraduate student at Stanford University’s School of Engineering.

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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

Buffett successfully lobbied the leadership of Coca-Cola — the largest position in Buffett’s portfolio, with his ownership share coming in at 6.2% — to cut back on “excessive” executive compensation plans. The company’s operations and underlying value are the only things that matters, to Buffett. Image source: pValueWalk.

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