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Seth Waugh Is Stepping Aside After 6 Years Leading The PGA Of America
Seth Waugh is departing the PGA of America after six years as CEO, during which the organization experienced a significant increase in golf participation and membership and relocated its headquarters from Florida to a huge campus in Texas.
Seth Waugh Is Stepping Aside After 6 Years Leading The PGA Of America
Waugh was CEO of Deutsche Bank Americas when he joined the PGA of America board as an independent director and was then appointed to head the 30,000-plus members in 2018.
Waugh’s contract was up for renewal on June 30, and he elected not to renew.
“It feels like the right time, personally and professionally,” Waugh told me. “We’ve accomplished a lot in the past six years. The game has never been in better condition. Participation is currently at an all-time high. It’s increasing in all the ways we expected.
“Women and people of color are the fastest growing demographics. We strive to make the game appear like the rest of the world, and the world will behave more like our game.
Waugh will remain with the PGA of America in a senior advisory role. He will attend the British Open and the Olympics in Paris, and he hopes to compete in the Ryder Cup at Bethpage Black next year.
The PGA of America announced that it has initiated a search for a CEO, including candidates from within and outside the association. Kerry Haigh, chief championships officer and key leader since 1989, will serve as temporary CEO but will not be a contender.
“We are grateful for Seth’s leadership and all that he accomplished for our members, our game, the business, and our people,” PGA of America President John Lindert stated. “He expertly guided us through extremely difficult circumstances and was always an excellent companion. We are fortunate to be able to rely on him for future advice and counsel.”
Waugh’s engagement in golf predates his tenure with the PGA of America. He was instrumental in bringing a PGA Tour event to the TPC Boston in 2003, with PGA Tour Commissioner Jay Monahan serving as the inaugural tournament director of the Deutsche Bank Championship, and he has been a significant voice in business and golf throughout.
Seth Waugh Is Stepping Aside After 6 Years Leading The PGA Of America
“Seth’s voice on important issues has been steady and stellar as the golf world has gone through unprecedented change during his tenure,” Masters chairman Fred Ridley said.
One of his primary priorities as CEO was to encourage the professionals who spend long hours teaching the game. This includes a deferred compensation retirement plan for PGA of America members.
“It was the first time in 110 years that someone figured it out. “I used my experience to help with that,” Waugh explained. “But our membership satisfaction is at an all-time high.”
He stated that the average professional wage has topped $100,000 for the first time, and membership has surpassed 30,000, setting another landmark.
Waugh has been hinting since April that he was nearing the end. He signed up for a four-year term as CEO, comparing it to a college or presidential term, believing that would be ample time to effect change. He committed to two more years in 2022 after golf weathered the COVID-19 pandemic with increased participation.
The age of those playing stood out the most to Waugh.
“We’re not declaring victory by any means, but the greatest statistic is 48% of all golfers are under the age of 35,” he told me. “That’s generational development; people aged 25 to 75 are playing, as opposed to 65 to 75. It’s such a drastic difference.
“You realize this generation wants to do things with purpose, and golf has purpose,” he told me. “You are a teacher and coach with a goal to improve people’s lives. The whole reason I took this position was that I felt I’d never have the opportunity to have a greater impact on more people’s lives.”
He has no immediate intentions following his board work at the Olympics.
Seth Waugh Is Stepping Aside After 6 Years Leading The PGA Of America
“I have often said that golf is one of the great engines of good on Earth,” according to him. “I am perhaps the most significant all-time beneficiary of that good, and I want to thank the membership, my colleagues, all of the various board members, past presidents, our extraordinary partners, my peers at all other golf bodies, and everyone who plays and loves our beautiful game for all of their support and friendship throughout this journey.
“What a gift that has been.”
SOURCE – (AP)
News
Howard Schultz Violated Labor Law By Telling Employee ‘If You’re Not Happy At Starbucks, You Can Go Work For Another Company’
Starbucks’ interim CEO, Howard Schultz, violated federal labor law in 2022 by telling a California barista who expressed concerns about unionization that “if you’re not happy at Starbucks, you can go work for another company.”
The National Labor Relations Board ruled on Wednesday that Schultz’s statement constituted an unconstitutional, coercive threat.
The decision highlights Starbucks’ difficult relationship with organized labor, as more and more employees at its outlets unionize.
Howard Schultz Violated Labor Law By Telling Employee ‘If You’re Not Happy At Starbucks, You Can Go Work For Another Company’
In 2022, as interim CEO, Schultz visited a business event in Long Beach, California, to address and improve working conditions at Starbucks locations. According to the NLRB, Barista Madison Hall attempted to discuss the benefits of unionization as well as Starbucks’ claimed history of unfair labor practices.
“Why are you angry at Starbucks?” Schultz inquired. He stated that the occasion was not the appropriate forum for discussing union problems before remarking on working elsewhere. The administrative law decision states that he “had an angry expression on his face.” The NLRB ruling maintains an administrative law judge’s decision from October 2023.
Starbucks issued a statement expressing its disagreement with the board’s decision. “Our focus remains on training and supporting our managers to ensure respect for our partners’ right to organize, and we are making progress in our discussions with Workers United,” a business representative said in a statement Thursday.
Though Schultz stepped down from his third term as CEO in March 2023, he remains involved with the company. When he retired from Starbucks’ board of directors in September, the business named him “lifelong chairman emeritus.”
“We note that the judge identified the Respondent’s highest official, interim CEO Schultz, as a ‘legendary leader,’ a status that would exacerbate the coercive nature of Schultz’s statement,” the ruling read.
Since the first Starbucks branch in Buffalo, New York, unionized in 2021, the coffee business has been embroiled in hundreds of labor battles over alleged union-busting practices. In June, the Supreme Court heard Starbucks v. McKinney, a case involving seven employees who were fired after attempting to form a union. The Supreme Court agreed with Starbucks.
An NLRB administrative law judge earlier stated that Starbucks had engaged in “egregious and widespread misconduct” in its dealings with employees involved in unionization efforts at Buffalo outlets, including the first site to unionize. Starbucks dispatched high-level executives into Buffalo-area stores on a “relentless” campaign, according to the judge, which “likely left a lasting impact as to the importance of voting against representation.”
Starbucks stated at the time that it is “considering all options to obtain further legal review,” and that “we believe the decision and remedies ordered are inappropriate given the record in this matter.”
Howard Schultz Violated Labor Law By Telling Employee ‘If You’re Not Happy At Starbucks, You Can Go Work For Another Company’
The NLRB ordered Starbucks on Wednesday to stop threatening to terminate employees for unionizing and to post a notice of employee rights in all of its Long Beach outlets.
“We are pleased to see the NLRB continuing to advocate for workers and their legal right to organize. At the same time, we’re looking ahead and proud to be on a new journey with the firm,” said Michelle Eisen, co-chair of Starbucks Workers United’s national organizing committee and bargaining delegate, in a statement to CNN on Thursday.
SOURCE | CNN
News
Tesla Recalls 27,000 Cybertrucks Due To A Rearview Camera Issue
Tesla is recalling around 27,000 Cybertrucks due to a rearview camera issue that delays the image being presented on the dashboard, increasing the danger of a collision.
According to a National Highway Traffic Safety Administration (NHTSA) report, the rearview display may appear blank for up to 8 seconds when the Cybertruck is in reverse. That is far over the two seconds required by US federal safety regulations.
Tesla Recalls 27,000 Cybertrucks Due To A Rearview Camera Issue
Tesla has issued a free, over-the-air software update to address the issue. Drivers can also reverse the Cybertruck by “performing a shoulder check and using their mirrors,” according to the NHTSA.
This is the fifth recall for the electric vehicle, which was released last year. The most recent recall, in June, concerns the truck’s large single windshield wiper and a piece of plastic trim along the edge of the truck bed that might become loose and detach from the vehicle while driving.
In April, the trucks were recalled because the accelerator pedal could become stuck when depressed. Tesla launched a software recall in January for 2.2 million of its cars, including Cybertrucks, due to warning light letters that were too small to read. That issue was likewise resolved with an over-the-air software upgrade.
Tesla Recalls 27,000 Cybertrucks Due To A Rearview Camera Issue
The company delivered approximately 463,000 automobiles worldwide in the third quarter, rising 6% from the previous year’s sales number and 4% from the second quarter of this year.
SOURCE | CNN
News
The Biden Administration can go Ahead With Student Loan Forgiveness, Says a Federal Judge.
(VOR News) – A temporary restraining order that was obtained against the expansive new student loan forgiveness system that was planned by the administration of Vice President Joe Biden will be allowed to expire by a federal judge.
Injunction was issued against the program that was being proposed. It is possible that the execution of this strategy may reduce the suffering of tens of millions of people in the United States of America.
There is a possibility that the idea might be beneficial to as many as three out of every four people who are now in possession of federal student loans, as stated by an estimate that was provided by the Center for American Progress.
This happens because the student loan plan takes into account government initiatives.
A victory was granted to the administration of Vice President Joe Biden, according to an announcement made by United States District Judge Randal Hall in Georgia before the close of the day on Wednesday. The previous Republican president, George W. Bush, was the one who appointed Hall to his current post. Hall now serves in that capacity.
In the next few weeks leading up to the election that will take place in November, it is quite likely that Vice President Joe Biden will press forward with the proposition that his administration has offered to cancel student loans. There is a chance that this will occur given the verdict.
A new condition has emerged as a result of a lawsuit that was filed against the aid package by seven states that are run by Republicans. This lawsuit was filed against the aid package after it was submitted.
There are a number of states that have ruled that the debt cancellation scheme that is now being carried out by the United States Department of Education is illegal. These states include Alabama, Arkansas, Florida, Georgia, Missouri, North Dakota, and Ohio, amongst others.
The conclusions of Hall, on the other hand, indicate that Georgia did not have the legal jurisdiction to launch a legal action against the relief plan. As a result, the state was unable to fulfill the duty of the forum for the application.
The judge made an order that the case be relocated to Missouri because the states argue that the notion that was proposed by Biden would be most detrimental to Mohela, which is the Missouri Higher Education Loan Authority.
Which is responsible for servicing student loans?
The judge issued the order as a result. The United States Department of Education’s spokesman applauded the judge’s finding that Georgia had “no legal basis” to pursue the action; yet, the spokesperson also criticized the Republican drive to prevent relief from being granted. The verdict made by the judge was lauded by the authorized spokesperson.
This case is the outcome of an ongoing campaign by Republican elected officials who, according to what they claimed, seek to prevent millions of their own people from having breathing room on their student loans. This campaign is the cause of this complaint.
That campaign is reflected in this lawsuit that has been filed. “The fact remains that this lawsuit reflects an ongoing effort.”
Our efforts to improve the flawed student loan system and to provide support and relief to borrowers all throughout the country are not going to be abandoned, and we are not going to stop up on providing these services. We have declared our intention to carry on with our work.
Under the plan that was proposed by Vice President Joe Biden, student debt would be forgiven for four different groups of borrowers:
Those who owe more than they initially took out; those who have been in repayment already for decades; students who attend schools with a low financial value; and those who are eligible for loan forgiveness under an existing program but have not yet implemented the program.
SOURCE: CNBC
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