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Noble Group founder declines executive director role in restructured firm

“SINGAPORE/BENGALURU (Reuters) – Embattled commodity trader Noble Group Ltd said on Monday that its founder, Richard Elman, will not take up a previously announced position as an executive director in the restructured company, citing “personal reasons”” writes Midwest Communications Inc for 95kqds.com. Elman is Noble’s former chairman and controls nearly 18 percent of the equity in the current company. The company said it has already won support from 86 percent of its senior creditors and about 30 percent of its shareholders, including Elman, have committed to back the proposed restructuring. Source:…

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Blackwater founder Erik Prince is pushing to privatize America’s costly war in Afghanistan — and going on cable TV to persuade Trump

“Prince first revived his proposal to privatize the Afghan war in a YouTube video published online in July” writes Ryan Pickrell for businessinsider.com. Now, against the advice of the Pentagon, he’s pushing to present the president with a plan to privatize the war in Afghanistan.Prince previously pitched his idea for the privatization of the Afghan war last August.While highly critical of the Afghan war, which was become a multi-generational conflict, Prince insisted that the US needed to return to the immediate post-9/11 strategy.”If we leave decisions on warfare solely to…

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These are the top 10 American cities with the youngest business founders

“LendingTree found that 44.8 percent of business founders in Louisville, Kentucky were millennials (defined by the survey as born between 1981 and 1996)” writes Raymond Boyd for cnbc.com. Don’t miss: Best states and cities for small business, graded from A+ to F (Hint: 5 states did stellar and 2 flunked) Like this story?. As for the top 10 U.S. metro cities with the youngest founders, LendingTree found that Salt Lake City takes the top spot, with an average founder age of 37.81 years old.For its study, LendingTree, looked at anonymized…

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The billionaire cofounder of WhatsApp is ‘resting and vesting’ — showing up to Facebook and barely working to collect a $450 million payday

“But he’s still showing up to the office, The Wall Street Journal reports, to collect one last payday: $450 million in stock” writes Kif Leswing for businessinsider.com. The WhatsApp cofounder Jan Koum said in April that he planned to leave Facebook, which bought his company for $19 billion in 2014. Source: businessinsider.com Share This:

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SEC Brings the Banhammer Down on…

“The SEC has determined that Laurance and Tomahawk Exploration LLC violated the registration and antifraud provisions of the federal securities laws” writes Cynthia Turcotte for livebitcoinnews.com. The now-defunct ICO’s whitepaper strongly implies that Tomahawk Exploration, LLC would be a publicly traded company within 18 months and that, as the SEC notes: Fortunately for would-be investors, the Tomahawkcoin ICO failed to raise any money, however, TOM tokens were distributed in exchange for professional services through the ICO’s bounty campaign. Source: livebitcoinnews.com Share This:

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The founder of a beloved productivity app thinks the startup model is broken — here’s how he’s trying to keep the tech industry from ‘making the same 10,000 mistakes over and over again’

“But there are other problems with the startup model, Libin said” writes Troy Wolverton for businessinsider.com. If you ask Phil Libin, the tech industry doesn’t do a very good job these days at promoting innovation.”We’re indifferent toward companies,” Libin said. Source: businessinsider.com Share This:

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Sex scandal at American ‘megachurch’ causes leaders to quit after ten women accuse founder 

“Since then, more women have come forward to claim they were harassed by the church founder” writes Chloe Lambert for telegraph.co.uk. Ms Rasmussen said the church elders had “no reason not to believe” the ten women who have accused the church founder of sexual misconduct.Willow Creek Church’s founder, Bill Hybels, was accused of sexual misconduct several years ago but was privately cleared of wrongdoing by the church elders. Source: telegraph.co.uk Share This:

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Papa John’s growing rift with founder casts doubts on recovery

“Saleh said the pizza chain is now faced with an uncertain path to recovery as founder Schnatter continues to advocate for more control” writes Midwest Communications Inc for 95kqds.com. The analyst also said that a sale of the pizza chain would be unlikely under these circumstances, despite depressed stock prices.”Papa John’s results proved to be as eventful as expected with a sizable comp downturn, dueling press releases and ongoing boardroom drama,” BTIG analyst Peter Saleh said in a note on Wednesday. Source: 95kqds.com Share This:

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Papa John’s earnings forecast slips amid public spat with founder

“NEW YORK (Reuters) – Papa John’s International Inc on Tuesday reported a second-quarter comparable sales decline of 6.1 percent in North America and said it expects the metric to fall between 7 percent and 10 percent in the current quarter, as an increasingly heated spat between the company and its founder is expected to drag on profits” reports businessinsider.com. “The recent negative publicity surrounding the company’s brand negatively impacted July sales in North America,” the pizzeria said in a statement. “At this time, the company cannot predict how long and…

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