Carlos Ghosn’s spiriting away remains the No. 1 ripped-from-the-headlines saga that we here at CNN Business are most looking forward to binge-watching when it is inevitably adapted into a 12-part series. (Hey HBO showrunners, DM me!)
“I have already expressed my hope that the Disney organization continues to give reasonable compensation and support to its many loyal employees in the spirit of the company of which my grandfather was so proud,” Lund told the Daily Beast.
Top Disney executives agreed to take pay cuts during the pandemic, and a spokesperson said Wednesday there was “no truth to any speculation about bonus payments” and that it’s “premature and irresponsible to speculate about bonus compensation.”
HIRE. MORE. WOMEN.
That’s the highest ever, but it’s barely over 7%. Of those, all but three are white. DO BETTER, CORPORATE AMERICA.
ACCORDING TO OXFORD…
The economy has gone from President Donald Trump’s greatest political asset to perhaps his biggest weakness, and it may well lead to a “historic defeat” in November, according to an election model released Wednesday by Oxford Economics.
“It would take nothing short of an economic miracle for pocketbooks to favor Trump,” researchers said in the report, adding that the economy will be a “nearly insurmountable obstacle for Trump come November.”
Finally, a solution from the Department of Tiny Annoyances: Apple has come up with a way for you to unlock your phone while you’re wearing a mask.
Oh, so my iPhone’s going to recognize that I’m wearing a mask and just zoom in on my eyes? Or they’re bringing back fingerprint scanning? Introducing voice commands?
Nope. The phone’s just gonna skip the face scan and ask you for your passcode when your face is covered. OK, I’ll take it.
IN OTHER NEWS
- US stocks rebounded on Wednesday, finishing at their highest level since March 6. Investors may be downplaying the severity of the economic collapse: We’re bracing for millions more jobless claims when the Department of Labor reports the latest numbers Thursday morning.
- The World Bank says the coronavirus pandemic could push as many as 60 million more people into extreme poverty, deepening pessimism among economists about the scale and duration of the fallout.
- Two Ford plants had to be temporarily shut down soon after reopening because employees tested positive for Covid-19.
- NASA’s chief of human spaceflight abruptly resigned after just six months on the job, citing a “mistake.”