Costco co-founder and chairman has died
August 2, 2017
Jeff Brotman, chairman of Costco since 1994, has died at age 74. Mr. Brotman who co-founded the warehouse club chain in 1983 with Jim Sinegal, former Costco CEO, died in his sleep, according to his brother Michel Brotman. The company has not said who would succeed Mr. Brotman as chairman.
Recent News
Meta’s Investment Plans Rattle Investors
Mark Zuckerberg’s recent announcement about Meta’s spending plans left investors concerned.
Spotify Faces Disruptions After Layoffs
During Spotify’s recent earnings call, CEO Daniel Ek acknowledged that the company’s decision to lay off employees last December had a more substantial impact on operations than initially anticipated.
Clear’s Airport Line-Skipping Faces California Scrutiny
Clear, a biometric scanning service, lets travelers skip airport security lines for $189 a year. Now, California lawmakers are pushing back against its expansion.
Walgreens Broadens Specialty Pharmacy Services for Cell and Gene Therapies
Walgreens revealed its plans to collaborate directly with drug manufacturers to provide cell and gene therapies to patients in the U.S.