Wednesday 06.14.17

“I'm Europe's most underpaid and under appreciated boss. I'm paid about 20 times more than the average Ryanair employee and I think the gap should be wider." -Michael O'Leary, CEO

Gunman shoots congressman, police at Virginia baseball practice House Majority Whip Steve Scalise of Louisiana and several others were wounded in a shooting at a baseball practice in Alexandria, Virginia.   - Reuters

IBM Pairs With BMW to Market Connected Car Services Today it was announced that IBM is teaming up with BMW to provide the car company with the necessary cloud-based data management to facilitate BMW’s recently launched connected car initiative. The agreement would provide vehicle owners customized services based on real-time vehicle performance.   - Wall Street Journal

Uber director David Bonderman resigns from board following comment about women In addition to Uber’s CEO Travis Kalanick taking a leave of absence for an undisclosed period of time, the company’s director David Bonderman has now resigned from the board following a comment he made at a staff meeting that was seen as offensive to women.   - Reuters

London Fire: At Least 6 Dead After Blaze Engulfs Apartment Tower A high-rise apartment building in West London was engulfed in flames overnight sending 64 to the hospital and killing at least six. More than 200 firefighters were sent to the scene to extinguish the fire.   - New York Times

Amid diplomatic contact, North Korea frees American student UVA student, Otto Warmbier was released and evacuated from North Korea in grave condition on Tuesday in a rare display of diplomatic interventions involving the United States and the isolated country. The exchange happens while former NBA player Dennis Rodman has returned to visit the country, although spokespeople are saying this has nothing to do with the release of Warmbier.   - Associated Press

To Climb the Job Ladder, Get Poached by a Young, Small Company A new study from the National Bureau of Economic Research states that job-hopping to smaller firms is one of the keys to growth in one’s career and increased earnings. Established firms may no longer be the best bet for economic mobility.   - Wall Street Journal

Tempted to Buy the Dip in Tech Stocks? History Suggests Patience Drops in the tech sector like the one we have seen recently have occurred four times since 1999, and three of those declines took multiple weeks to finally find a bottom.   - Bloomberg

Tiger Woods 'checks into rehab for addiction to prescription painkillers' Tiger Woods, 41, has checked himself into a 28-day treatment facility near his home in Jupiter. His admission to rehab was a part of an agreement made in order to retain joint custody of his son and daughter.   - Telegraph

Chatbots, plentiful amenities, and hardly any furniture: Hotelier Ian Schrager's new venture aims for luxury on the cheap.
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