Snap fires 2 execs after alleged sexual misconduct: report

The Wall Street Journal is reporting that Snap recently fired two executives after one allegedly had an inappropriate relationship with a contract worker. The newspaper says an outside investigation found that Snap’s head of global security, Francis Racioppi, fired the contractor after their relationship ended. The Journal attributed the news to unnamed people familiar with…
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TheStreet execs set to cash in on $87.3M deal

The Street, which is finalizing the $ 87.3 million sale of The Deal and BoardEx to Euromoney later this month, quietly revealed that most of its top executives will be transformed overnight into millionaires once the deal closes. Most recently, the company has been known for a series of bone jarring layoffs as it tried to…
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She Quit Her Victoria’s Secret Job Over Exec’s Trans Insult

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Jocelyn Ratzer had just finished her second day at Victoria’s Secret when she got the news that would make her quit.

Leaving her morning shift at an Orlando shopping center on Saturday, the 24-year-old salesperson spotted an interview with Ed Razek—the chief marketing officer of Victoria’s Secret’s parent company—that made her feel sick. In an interview with Vogue, the executive dismissed the idea of casting trans or plus-size models in the company’s annual fashion show, saying the controversial procession of scantily clad models was meant to be “a fantasy.”

“It’s a 42-minute entertainment special. That’s what it is,” Razek said. “It is the only one of its kind in the world, and any other fashion brand in the world would take it in a minute.”

Read more at The Daily Beast.

The Daily Beast — Fashion

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Netflix reportedly encourages execs to widely explain why they fire people

Netflix encourages executives to explain their decisions to fire people and lets directors see salaries of all employees, according to a Wall Street Journal report. The culture, spawned by CEO Reed Hastings, gets mixed reviews.
Tech

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Fox promotes top execs ahead of Disney merger

Fox is getting a C-suite shuffle as Lachlan Murdoch prepares to take the helm of the broadcasting giant. The New York-based company, which owns TV and cable channels including Fox News, said Tuesday it is promoting Eric Shanks to CEO of Fox Sports from president, chief operating officer and executive producer of the division. Mike…
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