A few fun and interesting, though not necessarily “breaking”, news items from the business headlines
VW And The Price of Cheating
$15 Bil. That’s the amount of the settlement that Volkswagen agreed to with the U.S. government for “intentionally” cheating on emissions tests for its vehicles. I’m not clear how someone could “unintentionally” cheat. But apparently it is possible.
Gawker Sells For $135 Mil
After being slammed to the mat and held to a three count by Hulk Hogan via a court decision, the online gossip site was sold for $135 Mil. Hogan’s favorable court decision of $140 Mil pushed Gawker to file bankruptcy. Yes – you can buy a company out of bankruptcy.
A True Dog of A Tale
A couple of twenty something dudes. The U.S. government. A $300 Mil contract. Guns. Plenty of marijuana. It’s real life script tailor-made for the cinema. Need I say more. Sometimes the movie practically itself. Read on my friends. Read on. Oh yea, the movie is called “War Dogs”.
$72 Mil to Leave Your Job
It’s not fun to get fired. I know. I’ve been there. However, as firings go, stuffing $72 Mil dollars into a duffel bag as you exit is slightly better than simply a swift steel-toed boot to the rear. As this article shows, the Shakespearean drama/tragedy known as Viacom seems near an end with current CEO Philippe Dauman headed to the unemployment line. If you see Mr. Dauman standing along the road with a tin cup and home-made sign, please toss him a couple of dollars to buy supper.
Blake Glenn shares his looney perspectives, stories, and mis-adventures in The Looney Executive blog. He has interviewed hundreds (or at least tens) of people via The Looney Executive Podcasts and former TV show. He’s the founder of a tech group called IgniteTech, and claims to be a direct descendant of the original Looney Executive – Because there must be SOME explanation … right?
If you dare, I can be reached the old school way … blake@LooneyExecutive.com