Who were the Minnesota Timberwolves competing against when they traded three playoff rotational players and the rights to seven of their first-round draft picks from this decade for 30-year-old center Rudy Gobert? If you are the head of basketball operations on the other end of the phone, all it takes is one new ownership group or empowered executive desperate to make a splash, or both, to outbid a player’s value. A reckless negotiation should never set a market, but the 2019 trade of Anthony… Source link
Read More »Redfin shareholders approved executive bonuses and huge compensation packages on the same day the company announced major layoffs. How is that legal?
Last week, the CEO of real estate company Redfin, Glenn Kelman, announced the company was laying off 8% of its employees in an email, saying that demand for the company’s realtor services had fallen 17% below expectations in May. “We don’t have enough work for our agents and support staff, and fewer sales leaves us with less money for headquarters projects,” Kelman wrote in the email announcing the layoffs on June 14. The layoffs at Redfin and another real estate company, Compass, on… Source link
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