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Chief Of Mattel Named Co-CEO Of New Paramount And Warner Bros Merger

“This caps a long-term plan: pursue both Paramount and Warner Bros. Discovery, then partner with a leading executive of his caliber to integrate and manage the businesses as they build one of the most ambitious next-generation media companies in the industry’s history.”

Eileen Mendel The Balanced Millionaire

Empowering Executives to Lead with Purpose and Principle | Eileen Mendel

Effective leadership is crucial in the ever-changing business world, and leadership consulting provides valuable guidance in developing the skills and mindset for success. Eileen Mendel, an experienced consultant and CEO of The Balanced Millionaire, empowers executives to build values-driven companies. Having forged her own way as an entrepreneur, her personal journey informs her work.

apple

Apple’s New CEO John Ternus Is Ready To Step Out Of His Comfort Zone 

Apple’s next CEO John Ternus rose to power in the company through his expertise in hardware engineering. Up until now though, Ternus has maintained a relatively low profile, but once current chief executive Tim Cook steps down in September, he will be faced with taking over one of the biggest tech companies in the world. 

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Cook has managed to turn Apple into a $4 trillion superpower in the tech world throughout his 15-year run following the death of company co-founder Steve Jobs. 

In the current climate of the digital world with the rise of artificial intelligence, Ternus will be facing challenges to maintain Apple’s consistent relevance and image as prime innovators. He will also need to navigate supply chain relationships with figures like President Donald Trump and other major names. 

Ternus initially joined Apple 25 years ago, spending essentially his entire workforce life with the company. For the past five years he was responsible for overseeing the engineering behind the iPhone, iPad, and Mac. 

Ternus and his extensive experience made him the top contender to succeed Cook. This week, Cook and Apple officially announced the shift in leadership.

“[Ternus] is without a question the right person to lead Apple into the future,” Cook said. 

Ternus has worked on some of Apple’s signature newer products that were released under Cook’s run as CEO such as the Apple Watch, AirPods, and Apple Vision Pro. He also helped with the new, more affordable, MacBook Neo.

“The mentorship will undoubtedly ensure a smooth transition, and initially, I expect very few changes to the company’s strategy,” said Ben Wood, chief analyst at CCS Insight. 

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This transition comes at a major time for Apple. The company recently celebrated their 50th anniversary and are gearing up for their annual WWDC developers conference coming up in June. 

Competitively, Apple has fallen behind in the AI race, which will be the main focus at this year’s WWDC to see what Ternus will have in store when he steps into his new role. 

“The challenge for the new CEO is really to make sure Apple is able to crack AI as the new user interface and reinvent human machine interaction,” Forrester Research analyst Thomas Husson said.

Apple is also facing a “turbulent market amid geopolitical uncertainty,” Wood said. 

“The consumer electronics industry faces a perfect storm, with memory chip shortages and the war in the Middle East having widespread implications for consumer confidence. Apple will also need to decide how much it wants to continue its deep reliance on China for manufacturing,” he stated.

Developing relationships with important and notable figures is now a major part of being a tech CEO to one of the world’s biggest companies. Cook and Trump created ties during business challenges presented with the president’s trade and tariff wars with countries in Asia. 

Trump has hailed Cook after the CEO asked him for help with a “fairly large problem that only I, as President, could fix. That was the beginning of a long and very nice relationship,” Trump said. 

Ternus said in Apple’s announcement, when looking towards his future with the company, that he was “humbled to step into this role, and I promise to lead with the values and vision that have come to define this special place for half a century.”

disney

Josh D’Amaro Enthusiastic About Next Chapter For Disney As He Takes Over As CEO 

Josh D’Amaro has officially taken over as the next CEO of Disney this week. “I am humbled and honored to help write the next chapter of this company alongside this team.”

starbucks

Starbucks Workers Continue To Fight For Union Contracts One Year After New CEO Took Office 

Brian Niccol became the CEO of Starbucks one year ago. When he took the job, he promised to make changes for the workers and their fight for unionization. However, the union and Niccol are still at odds, according to the workers, and what’s been` referred to as one of the most successful corporate union drives in recent history, has been stalling. 

“I deeply respect the right of partners to choose, through a fair and democratic process, to be represented by a union,” Niccol wrote in a letter to the union last September.

 “If our partners choose to be represented, I am committed to making sure we engage constructively and in good faith with the union and the partners it represents.”

Since December 2021, more than 12,000 workers at around 650 Starbucks locations around the US have unionized, making it the fastest-growing union campaign in modern history. This growth has also come amongst hundreds of allegations of union-busting, retaliation, and unfair labor practices thrown at Starbucks from the union, according to reports. 

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Starbucks Workers United has made progress securing the first union contract with the company since bargaining sessions began in the beginning of 2024, however, the progress has since stalled since Niccol took over the company, the Guardian writes. 

One of the first strategies Niccol implemented was titled “Back to Starbucks,” which involved an emphasis on customer service to decrease wait times for orders. Workers organizing at Starbucks criticized this strategy as it increased demands on them without any improvements to staffing or pay. 

Starbucks Workers United and the Strategic Organizing Center of 737 Starbucks workers conducted a survey that found 91% of workers reported understaffing in their stores within the past three months, and 93% stated the policy changes made under Niccol either had no impact or actually worsened the customer experience. 

“It’s clear that ‘Back to Starbucks’ isn’t working and won’t succeed until we finalize a fair union contract with the hours, take-home pay and protections baristas need to do our jobs,” said Michelle Eisen, a spokesperson for Starbucks Workers United and a barista for 15 years.

“Brian has talked about simplifying the menu to make things easier for partners, and wanting to get customers in and out of the stores faster, but these changes that he’s rolled out haven’t accomplished any of those things,” said Jasmine Leli, a Starbucks barista since December 2021.

“We really need Niccol to get back to the table to finalize this contract so that we can start to turn things around.”

Leli also said that Starbucks should expect further action from unionized workers, as the location she works at in Cheektowaga, New York was the second store to unionize. 

“We are going to do whatever it takes to get them back to the table so that we can start to address the issues with the wages, scheduling and staffing,” she added. 

“We are the ones that are working in the stores and interacting with the customers day in and day out, and partners want to be a part of making change in the workplace. So that’s why stores are joining the fight.”

Niccol’s salary has also been a huge point in the fight for unionization. In 2024, he made $97.8 million, which is 6,666 times more than the average annual salary of a Starbucks worker; $14,674. This marks the largest CEO-to-worker pay gap among the top 500 corporations in the US. 

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Senator Bernie Sanders wrote on social media back in March regarding Starbucks: 

“If you’re the Starbucks CEO you get $96m for four months of work including a $5m bonus. If you’re a Starbucks union worker, the CEO is refusing to give you a decent raise to pay rent and buy groceries. Starbucks must end its greed & negotiate a fair union contract.”

In response to the criticism of Niccol’s salary, a Starbucks spokesperson said the following: “Starbucks believes Brian has established himself as one of the most effective leaders in our industry, with a proven track record of delivering long-term value to employees, customers and shareholders. The majority of his reported first-year compensation reflects multi-year replacement equity grants, awarded to offset compensation forfeited upon his departure from Chipotle, which are now directly tied to Starbucks future performance.”

“It would take less than what Brian made in four months to settle fair contracts with our union,” the union said in a recent video posted online. 

In December 2024, thousands of baristas went on strike around the US in what became the largest strike in the company’s history. In April 2025, the union rejected a proposal from Starbucks for 2% pay increases with 81% of unionized stores rejecting the offer for not addressing their other economic benefits and pay increases. 

Since September 2024, Starbucks Workers United grew to 648 unionized stores from 500. 

“I believe if the company truly wanted to fix the problems happening in their stores, it could have happened by now,” said Diego Franco, a barista at Starbucks for five years at a unionized store in Chicago, Illinois.

“Where the company might see a bottom line, I see human experiences, human lives that are affected by the work that we do. So I hope to preserve that and to make it better, not just for me and my co-workers, but for people who come in the stores.”

“Since last April 2024, Starbucks and Workers United have held more than nine bargaining sessions over 20 days and three mediation sessions over five days with a federal mediator,” a spokesperson for Starbucks said.

“We’ve reached over thirty meaningful agreements on hundreds of topics Workers United delegates told us were important to them. We are ready to finalize a reasonable contract for represented partners, but we need the union to return to the bargaining table to finish the job.”

nike

Nike Brings On New CEO As Company Faces Pressures To Up Their Sales 

Nike is bringing back their former senior executive Elliott Hill to replace John Donahoe as the chief executive of the company. The move was made as the popular sportswear brand is trying to revive their sales amid new and rising competition. 

Hill was previously at Nike for 32 years, and at the time was part of the reason the company was able to reach more than $39 billion in sales before he retired in 2020. 

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Hill is set to take on the CEO position on October 14th, and it’s been reported he will be making an annual base salary of $1.5 million. He initially began his career as an assistant athletic trainer with the Dallas Cowboys before he joined Nike. 

“[He’s] an inspiring leader who possesses a strong entrepreneurial drive, deep connection to the consumer and Nike culture,” the company stated. 

With the corporate change, shares in Nike increased by 9% in extended trading as investors were excited about the shift in management, according to reports.

“Hill’s appointment had been well received by the market, reflecting confidence in his leadership. However, Hill faces challenges after his four-year absence, including rising competition and changes in distribution, brand building and product,” The Jefferies analyst Randal Konik said.

Donahue is a former eBay and Bain consulting executive who began working for Nike in 2020. He was brought on with the idea of giving Nike a larger online presence and to increase sales through “direct-to-consumer” channels. 

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Initially, Donahue’s addition to Nike helped the company create larger demand for casual sportswear after the pandemic. Nike was able to reach more than $50 billion in annual sales in 2023 for the first time. 

Since that point, Nike’s growth has slowed down, and annual sales are expected to decrease to $48.87 billion in 2025. Customers are hesitant to make more expensive purchases due to inflation rates constantly increasing throughout the past couple of years. 

In an attempt to save $2 billion in costs throughout the next three years and increase profits, Nike announced last year that it would be cutting hundreds of jobs and simplifying its product range. Additionally it would be increasing the use of automation. 

“It’s been an honor and privilege to be part of this incredible company, and I’ll always value my time at Nike and the opportunity to lead the organization. I have great respect for Phil, Mark, Nike and its employees,” Donahoe stated. 

“It became clear now was the time to make a leadership change, and Elliott is the right person. I look forward to seeing Nike and Elliott’s future successes.”

aa

American Airlines CEO Said He Wants To ‘Rebuild Trust’ After Incidents Of Alleged Racial Discrimination 

American Airlines CEO Robert Isom recently stated he is taking immediate action to “rebuild trust” in the company after several recent incidents involving alleged racial discrimination, according to reports from NPR. 

Isom wrote a letter to employees where he addressed an “unacceptable incident” where eight Black male passengers were removed, and later reboarded, on an American flight in January. 

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“I am incredibly disappointed by what happened on that flight and the breakdown of our procedures. We fell short of our commitments and failed our customers in this incident.”

NPR also reported last month that three Black men stepped forward and filed a federal lawsuit against American Airlines, alleging that they were “victims of blatant and egregious racial discrimination” after they were removed from the flight. 

The three plaintiffs — Alvin Jackson, Emmanuel Jean Joseph and Xavier Veal — say that they “and five other Black male passengers were removed from the flight without any valid reason, based solely on their race.”

The eight men did not know each other and were not seated together on the flight. Isom’s letter outlined a series of steps that the company will take to “strengthen diversity and inclusion.”

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“Creating an advisory group that will focus on improving the travel experience for Black customers. Reviewing and enhancing the company’s internal reporting process for cases involving allegations of discrimination or bias. 

Reevaluating its policies, practices, protocols and organization culture to recognize and identify areas for growth and improvement, and educating its employees to recognize and address bias and discrimination.”

Derrick Johnson, the president and CEO of the NAACP, spoke with Isom about the civil rights organizations concerns regarding the recent lawsuit. 

“While it is unfortunately common for Black consumers to experience racism and discrimination at the hands of corporations, it is not common to see such swift and decisive action,” Johnson said, adding that he hopes that “this approach will serve as a model for other corporations who may find themselves in similar situations.”

satellite

Former Disney Star Bridget Mendler Is Launching A Satellite Data Startup 

Former Disney star Bridget Mendler, known for appearing in programs like “Good Luck Charlie,” “The Clique,” “Lemonade Mouth,” and more, is not embarking on a new venture that will change how satellite data moves from space back down to Earth. 

Mendler has spent the past several years gaining various degrees and studying at the Massachusetts Institute of Technology as well as Harvard Law School. Mendler spoke to CNBC about her new career in the space industry as CEO of Northwood Space, a startup based in El Segundo, California. She began this journey after “falling in love with Space law” throughout her educational journey. 

“The vision is a data highway between Earth and space. Space is getting easier along so many different dimensions but still the actual exercise of sending data to and from space is difficult. You have difficulty finding an access point for contacting your satellite.”

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According to Mendler, Northwood will mass produce ground stations, which are normally large with circular antennas that connect to satellites in space. 

Northwood is also already attracting high-profile venture investors with around $6 million in initial funding. Some of these investors include the Founders Fund. Andreessen Horowitz, and Also Capital. 

Besides Mendler, Northwood has two other co-founders, the startups Chief Technology Officer, and her husband Griffin Cleverly, as well as head of software Shaurya Luthra. 

Mendler told CNBC that the name “Northwood” comes from a lake in New Hampshire, where she was with her family during the Covid-19 pandemic when the idea for the company came to her. 

“While everybody else was making their sourdough starters, we were building antennas out of random crap we could find at Home Depot … and receiving data from [National Oceanic and Atmospheric Administration] satellites.”

“For me, why the ground-side matters is because it actually is about bringing the impacts of space home to people,” Mendler said.

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Cleverly told the news outlet that the general growth of the space industry proves that there is a “colossal” amount of data currently trying to travel back to Earth from various satellites. 

“We need an approach so that those companies can get the data down reliably in the quantities that they need,” Cleverly said. 

Northwood is working to start their initial operations quickly. They want to build ground stations with fast production and deployment flexibility as the priority, according to Luthra, who also said that they want to deliver these ground stations “within days, not months.” Luthra explained that this will make it easier for current satellite operators to avoid reconfiguring their networks. 

“If you want a detected antenna, you have to wait 18 months to get the antenna delivered, installed, and built out for you,” said Luthra. 

Northwood will also be reaching out to services who don’t want to spend the money to build their own ground station networks. 

“Traditionally, when I wanted an antenna or site to use, I would first have to ask, ‘Do you have availability, or is it already rented out to everyone else in the world?’ A lot of times very key sites were already rented out,” Luthra said.

Northwood is aiming to conduct their first connection test with a spacecraft currently in orbit later this year.

youtube

New YouTube CEO, Neal Mohan, Has Big NFT Plans For The Platform

Neal Mohan was recently announced to become the new CEO of YouTube, and has stated that the implementation of NFTs into the platform could enable “creators to build deeper relationships with their fans.”

twitter

Twitter CEO Elon Musk Makes Drastic Cuts Within Company: Fires Janitorial Staff 

According to a recent report from The New York Times, Twitter CEO tech billionaire Elon Musk has been making drastic cuts within the company ever since he purchased the platform for $44 billion. 

One of the most recent and seemingly random cuts from the company involved firing the entire janitorial staff, as well as forcing employees to bring their own toilet paper to work every day. 

“Early on Christmas Eve, members of the billionaire’s staff flew to Sacramento — the site of one Twitter’s three main computing storage facilities — to disconnect servers that had kept the social network running smoothly,” the NYT reported. 

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“Some employees were worried that losing those servers could cause problems, but saving money was the priority, according to two people who were familiar with the move but not authorized to talk about it.”

“The data center shutdown was one of many drastic steps Mr. Musk has undertaken to stabilize Twitter’s finances,” said the report. 

“Over the past few weeks, Twitter had stopped paying millions of dollars in rent and services, and Mr. Musk had told his subordinates to renegotiate those agreements or simply end them. 

The company has stopped paying rent at its Seattle office, leading it to face eviction, two people familiar with the matter said. Janitorial and security services have been cut, and in some cases employees have resorted to bringing their own toilet paper to the office.”

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Musk has also made numerous changes to the platform itself within the time he’s been active CEO, many of which have received backlash from users. 

He’s banned several journalists from covering news regarding himself, including reporters who pointed out his hypocrisy in some of the policy decision making. Specifically his choice to ban a user from tracking the movements of his private jet and an account that covers issues at Musk’s company Tesla, which are public reports. 

All of the “bans” have been partially reversed, however, due to the intense backlash from users. 

Reports are also stating that Musk is in the process of looking for a new CEO to run Twitter for him. He stated he would step down from the position once he finds someone “foolish enough” to take on the role.