Kellogg Company (K) Goes to War With Breitbart. When Will CEOs Learn?

Dec 1, 2016, 10:08 am EST

Apparently, Kellogg Company (NYSE:K) didn’t get the memo. Source: Rosana Prada Via Flickr

You would think some VP of communications somewhere would read my columns from time to time, so they could encourage senior management never to speak on any political topic, or even mention a political issue indirectly.

The reason is that it guarantees that 40% to 50% of the country will disagree with the issue or opinion under discussion, and boycott that company’s products. Target Corporation (NYSE:TGT) angered many Americans by wading into the transgender bathroom fray on April 19. Despite the company’s assurances that a retaliatory boycott really really didn’t harm sales, how could Target actually determine whether the 1.4 million people who pledged to boycott the company did or didn’t follow through? Read 

New Treasury Secretary Vows to Re-Privatize Fannie Mae, Freddie Mac

Nov 30, 2016, 6:56 pm EST

Fannie Mae and Freddie Mac will be privatized once again, according to Steve Mnuchin.

Mnuchin could be President-elect Donald Trump’s new Treasury Secretary and he spoke briefly about the government-sponsored enterprises (GSE). Their full names are The Federal National Mortgage Association and The Federal Home Loan Mortgage Corporation, both of which trade publicly at the moment.

The potential new Treasury Secretary and Department of Commerce candidate Wilbur Ross spoke with Nick Timiraos from the Wall Street Journal. Ross said GSEs are the “right way to allocate capital,” while Mnuchin said he believes Fannie Mae and Freddie Mac should be privatized. Read 

Trump Team — Commerce Secretary: 8 Things to Know About Wilbur Ross

Nov 30, 2016, 1:36 pm EST

President-elect Donald Trump has chosen Wilbur Ross to be part of his Trump team.

Here are a few things to know about Trump team commerce secretary pick Wilbur Ross.

    Ross helped Trump pull his casino business out of bankruptcy during the early 1990s. He specializes in buying failing businesses and restructuring them. Ross is the chairman, chief strategy officer and founder of private equity firm WL Ross and Co. His current value is set at $2.9 billion, which makes him the 232nd richest person in the United States. Ross says there needs to be a “more radical, new approach to government.” He has also expressed similar concern over trade agreements as Trump has. Ross was announced as the Trump team’s commerce secretary pick alongside treasury secretary pick Steve Mnuchin. Trump has also announced that Todd Ricketts, co-owner of the Chicago Cubs, is his pick to serve alongside Ross as the deputy commerce secretary.

“Wilbur Ross is a champion of American manufacturing and knows how to help companies succeed,” President-elect Donald Trump told NPR. “Wilbur knows that cutting taxes for working families, reducing burdensome government regulations and unleashing America’s energy resources will strengthen our economy at a time when our country needs to see significant growth. Read 

Kellogg Company (K) Announces It’s Pulling Ads From Breitbart News

Nov 30, 2016, 1:06 pm EST

Kellogg Company (NYSE:K) is pulling its ads from Breitbart News due to the fact that the cereal maker has different ideals than the publication.

Plenty of Kellogg’s products, including Eggo Waffles and Special K, were promoted on the website previously. However, Breitbart appears to have a bias that the cereal maker can’t back up.

Breitbart has alt-right views that have been highlighted in pieces such as “Birth Control Makes Women Unattractive and Crazy” that have been quite controversial, especially considering the current political climate where many alt-right groups have publicly expressed their views. Read 

Presidential Recount 2016: What Voters Should Know

Nov 28, 2016, 3:03 pm EST

A presidential recount in 2016 is currently in the works. Source: Gage Skidmore via Flickr (Modified)

Green Party candidate Jill Stein launched a petition to recount votes in Wisconsin, Michigan and Pennsylvania, and she was able to raise the funds necessary to make this happen. Here’s what you need to know:

    The Wisconsin recount is the only one that is officially happening as the petition has been signed and everything has been put in place in order to make it happen. The deadline to file for a recount in Pennsylvania and Michigan is this week and Stein has assured voters that a recount will be petitioned. Donald Trump’s victory is likely to remain despite his small margin of victory in these three states, according to the voting commission’s chairman. Trump has gone on Twitter to make his case regarding fraudulent voters in certain states. The president-elect claims some voters were illegal immigrants without providing any evidence to back these tweets. Under federal law, a recount must be completed by Dec. 13, or 35 days after Election Day.

Will the recount change the outcome of the election? Read 

Navy Data Breach 2016: What US Sailors Should Know

Nov 28, 2016, 11:27 am EST

A Navy data breach has resulted in the private information of some sailors being stolen.

Here are a few things to know about the Navy data breach, as collected from Navy Times.

    The stolen data was being stored on a laptop by Hewlett Packard Enterprise Co (NYSE:HPE). It was holding the personal information of 134,386 current and former Navy sailors. The personal information that was stolen during the data breach includes names and social security numbers. Officials say that the stolen information cam from the Career Waypoints database. The Naval Criminal Investigative Service is investigating the matter. Currently, no misuse of the stolen personal information has been found. The Navy is notifying sailors affected by the data breach via mail, email and phone. It is also examining credit monitoring services that sailors affected by the data breach can use. Hewlett Packard Enterprise Co reported the data breach to the Navy in October.

“The Navy takes this incident extremely seriously — this is a matter of trust for our Sailors,” Vice Adm. Robert Burke told Navy Times. “We are in the early stages of investigating and are working quickly to identify and take care of those affected by this breach.” Read 

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