Mike Mozart

Walmart CEO Explains Why Company Spent $3 Billion On Money-Losing Jet

When the CEOs of Walmart and of Jet met for the first time, they fell in corporate love. The two men couldn’t stop envisioning the future of their companies together, sketching out their dreams of combining Walmart’s inventory and supplier relationships and Jet’s e-commerce algorithm. The companies announced their engagement this week, and Walmart CEO Doug McMillon explained what it was he ever saw in the startup, which has barely been selling to the public for a year. [More]

Nike To The Irish: Sorry We Named Black And Tan Sneakers After A Violent Paramilitary Group

Nike To The Irish: Sorry We Named Black And Tan Sneakers After A Violent Paramilitary Group

Nike’s gone and stuck its Black and Tan foot right in its mouth where the Irish are concerned, naming a new sneaker after a drink popular in the U.S. and Britain that also happens to be the name of a violent paramilitary group in 1920s Ireland.

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