JPMorgan CEO Dimon Will Undergo Treatment for Throat Cancer (Bloomberg)
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co. (JPM), told employees and shareholders in a memo that he’s beginning treatment for throat cancer and will continue to run the company “as normal.” “The good news is that the prognosis from my doctors is excellent, the cancer was caught quickly and my condition is curable,” Dimon said, according to a statement today from the company. “The cancer is confined to the original site and the adjacent lymph nodes on the right side of my neck. Importantly, there is no evidence of cancer elsewhere in my body.” […] Dimon will soon begin radiation and chemotherapy treatment at Memorial Sloan Kettering hospital in New York, he said in the statement. The treatment should take about eight weeks, he said. “While the treatment will curtail my travel during this period, I have been advised that I will be able to continue to be actively involved in our business, and we will continue to run the company as normal,” he wrote. “Our board has been fully briefed and is totally supportive.”
Ousted American Apparel CEO Charney reports 43 percent stake (Reuters)
Dov Charney, ousted as American Apparel Inc’s chairman and chief executive two weeks ago, said he has increased his stake in the apparel retailer to 43 percent, as he fights to regain control of the company he founded. Charney, fired for alleged misuse of corporate funds and his role in disseminating nude photos of an ex-employee, also called for a special meeting of stockholders on Sept. 25. The former CEO and founder, already the biggest shareholder in American Apparel with a previously reported 27.2 percent stake, said he increased his holding last week. The additional shares could enable Charney to gain control of the company if he won the support of shareholders holding 7 percent of the stock.
Goldman ‘Boys Club’ Accused of Mocking Women as ‘Bimbos’ and ‘Party Girls’ (Bloomberg)
Goldman Sachs was accused of widespread gender discrimination and a “boy’s club” atmosphere that included bouts of binge drinking and trips to strip clubs, as two former female employees seek to expand their lawsuit against the firm with new evidence. The women asked a federal judge in Manhattan today to let them sue on behalf of current and former female associates and vice presidents. Support for their claims includes statements of former Goldman Sachs employees, expert statistical analyses and evidence on earnings and promotions from the firm’s own records, they said in a court filing. “Women report a ‘boy’s club’ atmosphere, where binge drinking is common and women are either sexualized or ignored,” according to the filing. The two women, H. Cristina Chen-Oster and Shanna Orlich, sued in 2010 and are seeking to broaden the case to include more than a decade of claimed discrimination at Goldman Sachs. A decision by U.S. District Judge Analisa Torres to allow the women to sue as a class would increase the risk to Goldman Sachs.
Tinder Is Target of Sexual Harassment Lawsuit (NYT)
Whitney Wolfe, a former executive at the popular dating start-up Tinder, has filed a lawsuit against the company, along with its majority owner, IAC/InterActiveCorp, on sexual harassment and discrimination claims. The lawsuit, filed on Monday in state court in Los Angeles, says that Tinder’s chief executive and chief marketing officer subjected Ms. Wolfe to “a barrage of horrendously sexist, racist and otherwise inappropriate comments, emails and text messages.” Ms. Wolfe’s suit also said that complaints about the harassment to high-level executives at IAC were ignored and that she was forced to resign as a result. Ms. Wolfe said in the lawsuit that even though she was instrumental in the establishment of the dating app, her colleagues did not call her a founder because of her age and gender. When she would ask why only her name among the five founders was absent from some new coverage, the lawsuit said, the other founders would tell her “you’re a girl” and that a 24-year-old “girl founder” would devalue the company.
Bitcoin Auction Ends, Single Bidder Wins Entire Cache (Bloomberg)
The auction attracted 45 bidders, including New York brokerage SecondMarket Inc., and 63 bids were submitted during the 12 hours of the auction on June 27, according to the U.S. Marshals Service. The agency, which notified the bidder and transferred the money, isn’t disclosing the winner’s identity. The auction of 29,656 bitcoins, part of more than 144,000 the FBI transferred to U.S. Marshals after shutting down the Silk Road marketplace and arresting its operator last year, represented a rare opportunity to secure a large cache of the virtual currency. While the actual price of the winning bid isn’t known, the cache sold yesterday was worth about $19 million at current exchange prices.
Shia LaBeouf voluntarily receiving treatment for alcohol addiction (NYDN)
According to X17Online, the 27-year-old star is getting help at a “celebrity-frequented” treatment facility in Hollywood. LaBeouf was seen heading to the private center Monday afternoon, and greeted at the gate by a nurse and security guard, X17 reports. “Shia was nervous; he didn’t look good all morning,” a photographer told the website. “He was looking down and wasn’t even talking to his driver. It looked like he didn’t want to do it, but he knew he had to.” Earlier in the day the “Fury” actor was seen toting a book, reportedly the Alcoholics Anonymous “Big Book,” outside of his Hollywood Hills home. LaBeouf arrived back in Los Angeles over the weekend, after a tumultuous few days in New York City, which included him getting arrested Thursday for disrupting a “Cabaret” performance on Broadway with an apparently drunken display. He was also seen in Times Square earlier that day engaging with a homeless man. Read more »