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Friday, November 22, 2024

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CEO Insider

1,200 Stores of Walgreens Are About to Close as New CEO Initiates Turnaround Plan

Walgreens Boots Alliance (WBA.O) announced plans on Tuesday to close 1,200 stores over the next three years as part of a turnaround strategy led by its new CEO, Tim Wentworth. The pharmacy chain operator has been struggling with weak consumer spending and lower drug reimbursement rates. Despite these challenges, the...
Leo Bottary
Executive Insider

Leading On Purpose

Two years ago, I wrote a CEOWORLD Magazine article titled A Metaphor for Healthy Growth, featuring what I called The Peernovation Tree. As I wrote in the piece, “I love the metaphor because trees are not only alive; they give us life.” They contribute much more than the shade delivered...
Success and LeadershipTech and Innovation

OpenAI Doubles Valuation to $157 Billion After Record-Breaking Funding Round

OpenAI, the company behind ChatGPT, has nearly doubled its valuation to $157 billion following the largest venture capital deal in history. This move positions the generative artificial intelligence (GenAI) firm as the third-largest venture-backed company worldwide, trailing only SpaceX and ByteDance. The company announced it raised $6.6 billion in its...
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