Morning Glory < 30 Seconds
September 2, 2020
By Cliff Oxford
Old Navy crushed it and listen to the rappers on this one—“When the Drip¹ rolls, copy that shit.” Election Day office chatter this year will make work a wash, so do this and check off social justice for a while. Pay eight-hour day and yes, lets them also keep the local jurisdiction pay² for poll workers. No clawback Richard.
A loophole in the no-dating company policy. Bottom line—no sneaking around. Be upfront like swingers. This is how it will go down.
Stop draggin' my heart around. No matter if you are CEO, on senior team, or a project manager, if you consensually, romantically fall in love with a colleague, both of you show up in HR and drop this bomb in their laps: “We are mutually in love and we are willing to move to another position within the company.” 3 for 3 on navigating leaders and 2 of 3 involved founder/CEO.
Inside TikTok negotiations: Weary, complex talks have worn down multiple bidders to two serious players, Oracle and Microsoft. Most difficulty is not money but cleaving TikTok from its parent company. If you are buying, you never carve out the golden goose and with TikTok, they found the magic in a China-US management talent. Symposium.
Daily Deal—Quest Diagnostics lost a major customer yesterday called the state of Florida over delays in providing nearly 75,000 coronavirus test results that date to April. Quest also loses all their leverage in billing dispute with state.
Side Deal—Bayer agreed to acquire a 70% stake in Care/of, a New York-based provider of vitamin and supplement subscriptions, valuing the startup at $225M. Tusk Ventures and Goodwater Capital are among Care/of's investors. Dr. She and Dr. Martin—a layup.
An investor group known as the Thai Union Group agreed to acquire Golden Gate Capital’s remaining stake in Orlando, Fla.-based Red Lobster restaurant chain. The Darden brothers, founders of Red Lobster, started their first restaurant, The Green Frog, in a town called Waycross, Ga.
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IPO Glow—Run of the mill stuff. IPOs are lined up like railroad cars in a hump yard. Interesting fact is fewer this year than last.
Entries/Exits—Sejin Croninger has been appointed EVP of Worldwide Acquisitions at Paramount Pictures. She will start on September 8 and report to Paramount Motion Picture Group president Emma Watts. Watts is the superstar talent at Paramount and has been there since mid-July—right after she left Fox where she pushed through Ford vs Ferrari.
Croninger will oversee Global Content Acquisitions group—theatrical and home media acquisitions on domestic and international sides.
Cliff Notes
1 Drip was popularized in Atlanta to describe someone with a lot of swag.
2 Local jurisdiction pay: Poll workers are paid a stipend by the county to work at polls. Ranges from $50 to $209 across country.
Porsche launches new Single-Vehicle Subscription program.
"Porsche Drive" is the new brand umbrella for monthly and short-term mobility access.
With an increased focus on consumer choice in an age of new mobility models, Porsche Cars North America introduced a monthly Single-Vehicle Subscription program in Los Angeles, Atlanta, Phoenix, and San Diego. Starting September 25, Porsche Drive members will be able to choose from a variety of current Porsche model variants for shorter-term vehicle access than a traditional lease or purchase.
With Porsche Drive, you choose your level of commitment. You can subscribe for a month at a time, or longer, with the option of daily and weekly rentals as well. Find the program that best suits your needs.
Porsche Drive—Single-Vehicle Subscription
Choose, then choose again. Subscribe to a current Porsche model for one or three months, with concierge delivery and pick-up within the delivery area. With the exception of fuel, costs including insurance and vehicle maintenance are a part of the flat monthly fee that varies depending on the model variant.
Porsche Drive—Multi-Vehicle Subscription (Previously Porsche Passport)
Porsche fleet at your fingertips. Become a Porsche Drive member and subscribe to the monthly service that gives you the flexibility to drive as many Porsche mode as you desire. Your subscription includes insurance, flips between models and vehicle maintenance. Daily commute or weekend driving thrills? There is a Porsche ready to complement every occasion.
Porsche Drive—Rental
Don’t dream it, drive it. The daily and weekly rental service that allows you to rent a Porsche on demand. Make your next date night extra special with an iconic 911 or add driving thrills to your upcoming family road trip with the Macan. It’s not your standard car rental, and you’re not the standard driver.
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