Every match in the English Premier League begins with players kneeling. painted “Black Lives Matter” on their courts. Social justice gestures are a routine part of sports now. More recently, though, sports and social justice have become deeply linked. This rule was most famously challenged at the 1968 Olympics in Mexico City, by the American sprinters Tommie Smith and John Carlos, who were punished for raising their fists on the medal podium. Left unsaid: Would same-day settlement be that much easier during a frenzy?Īthletes push to allow social protests at the OlympicsĪt the Olympics, athletes are forbidden from expressing “political, religious or racial propaganda,” as the charter puts it, at the Games’ venues. That period requires brokerages to post collateral to back customers’ trades, and was a factor in Robinhood needing to raise $3.4 billion last week. Tenev of Robinhood had another suggestion: eliminating the two-day delay between executing a stock trade and settling it. Treasury Secretary Janet Yellen will convene officials from the S.E.C., the Commodity Futures Trading Commission and the Fed this week to discuss the recent market volatility and a review of the role of trade-execution firms like Citadel Securities. Some traders said they saw themselves in a crusade against Wall Street, no matter the cost: “If my entire position in GameStop went to zero, I’d be OK with it,” a law student told The Times. Cuban, among others, argued that shares would rise again once brokerages lifted trading limits. Posters on the message board exhorted each other to stay strong - have “diamond hands,” in their lingo - in hopes of a rebound. “If you can afford to hold the stock, you hold,” the billionaire investor Mark Cuban urged the WallStreetBets forum on Reddit. There’s pressure to keep the trade going. Jassy,” tweeted Representative Ken Buck, a Republican member of the House Judiciary Committee, after news of his promotion at the Seattle-based company. Jassy may need to spend more time than his boss in the other Washington: “I have some questions for Mr. Earlier yesterday, Amazon paid $62 million - about 18 hours’ profit - to settle an investigation by the F.T.C. And lawmakers and regulators around the world are increasingly worried about Amazon’s market dominance. Warehouse employees are protesting working conditions, sometimes by trying to unionize. Rivals like Walmart are building e-commerce operations. The change comes as Amazon faces pressure on new fronts. Jassy focuses on details, and those who make mistakes in presentations “won’t get a second shot, at least not for a long time.” Bezos’s heir apparent, having “shadowed” him in the early 2000s. Jassy is a longtime Amazon executive - he leads the cloud-computing unit, which generates more than half of overall operating profits. In the words of Amazon’s C.F.O., Brian Olsavsky: “Jeff is really not going anywhere.” Bezos’s words: “I’ve never had more energy, and this isn’t about retiring.” And he had already delegated many day-to-day responsibilities. Bezos also owns 10 percent of the company.
title: Think of Rupert Murdoch at Fox, Bob Iger at Disney or Larry Ellison at Oracle. Executive chairmen are often seen as company leaders even after dropping the C.E.O. Bezos’s tenure at Amazon is eye-popping, as he turned a small, loss-making online book retailer into “the everything store” with a market cap of $1.7 trillion. The announcement came on the day that Amazon announced another set of blockbuster financial results: Its fourth-quarter earnings more than doubled from the same time a year ago, to around $7 billion, on more than $100 billion in sales. to chairman in 2000, the year he formed the Bill & Melinda Gates Foundation. Bezos, who is worth some $200 billion, may also dive more deeply into philanthropy, like another tech founder, Bill Gates, who switched from C.E.O. He plans to focus on “important Amazon initiatives” in addition to projects like Blue Origin, his rocket company, and The Washington Post. He noted that Amazon is riding high - it is a powerhouse in online shopping, cloud computing, streaming and just about any other market it enters - making this a good time to step back.
“As much as I still tap dance into the office, I’m excited about this transition,” Mr.
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