Steph Korey, co-founder of Away
Source: Masha Maltsava
Just weeks after stepping down as chief executive officer of luggage maker Away following a report about her leadership tactics, Steph Korey is back as co-CEO.
Korey, who co-founded the company, is sharing the top spot with Stuart Haselden, a spokesperson told CNBC. Away announced in December that Haselden would be leaving Lululemon, where he had been COO since May 2017, to head the digital start-up.
Away said Korey was stepping down as CEO and moving to an executive chairman role after technology website The Verge published an article in December that included messages from Korey using the app Slack “as a tool to stalk and bully junior and minority employees.” Away’s workplace culture was described as toxic, based on interviews The Verge had with employees.
The article quickly set off a firestorm on Twitter, with many Away customers criticizing the company, which had long been hailed as a darling in the e-commerce era.
At the time, Korey apologized, saying, “I am sincerely sorry for what I said and how I said it. It was wrong, plain and simple. … I can imagine how people felt reading those messages from the past, because I was appalled to read them myself.”
But she told Away employees in a companywide Slack message Monday, which was reviewed by CNBC: “The inaccurate reporting that was published in December about our company unleashed a social media mob — not just on me, but also on many of you.”
She added that her move to executive chairman had caused “more confusion than clarity. … So, let me clear that up: I am not leaving the company.”
Korey went on to say the company will contemplate its “legal options” after The Verge responds to its “demands for retractions and corrections.” A representative from The Verge wasn’t immediately available to respond to CNBC’s request for comment.
Away said it has hired Libby Locke, the lawyer who won a defamation case against Rolling Stone magazine for a retracted story about an alleged gang rape at the University of Virginia.
Locke said in an email Monday that the Verge “published hit pieces filled with lies and distortions designed to damage Away’s reputation.”
The New York Times first reported on Korey’s move to co-CEO.
Media Beat: July 06, 2020 | FYIMusicNews – FYI Music News
The advocacy body for the news media industry is lobbying the feds on copyrights and remuneration rights for news media organizations.
Erin Finlay of Stohn Hay Cafazzo Dembroski Richmond LLP registered last week for News Media Canada to lobby on those provisions in the Copyright Act.
The lobbying org has been vocal in its call for more robust supports from Ottawa to help the industry weather the COVID-19 pandemic and address longer-term structural issues, as more and more media outlets move away from a reliance on advertising to subscription-based models. – Marco Vigliotti, iPolitics
Canadians are promoting right-wing extremism in thousands of conversations that are openly taking place on the internet, a new study finds.
On Friday, the Institute for Strategic Dialogue, a British-based think tank, released the findings in a 46-page report titled An Online Environmental Scan of Right-Wing Extremism in Canada.
“We identified 6,660 right-wing extremist channels, pages, groups and accounts,” the study says. The Canadian activity reaches an audience of millions of people, it said, and includes a network of 6,352 Twitter accounts, 130 public Facebook pages and groups, and 32 YouTube channels. – Colin Freeze, The Globe and Mail
Media owners in Australia are pressing for regulation which forces them to produce a certain amount of Australian drama, children’s shows and documentaries to be scrapped.
Industry body Free TV, which has members including Seven West Media, Ten and Nine, has submitted to the government’s options paper, Supporting Australian Stories on our Screens, asking for the deregulation of quota obligations, as well as robust production support and incentives.
The group argues that they need greater flexibility to meet audience demand and compete with streaming services such as Netflix. – Mariam Cheik-Hussein, Ad News
Netflix Inc. will shift as much as $100 million U.S. to lenders that serve the Black community, making it the largest company yet to pledge cash to historically underfunded financial institutions.
The online TV giant will start by shifting $25 million into the Black Economic Development Initiative, a new fund that will invest in Black-owned financial institutions serving low-income communities, and $10 million to Hope Credit Union. Going forward, the company will steer two percent of its cash on hand, which currently amounts to about $5 billion, to financial organizations that directly support African-American communities. – Lucas Shaw, Bloomberg
RIP: Michael McCabe
The former President and CFO of the CAB died in Hanoi, Vietnam, on June 27, 2020, at age 82.
For thirteen years, Michael McCabe was an important part of Canada’s broadcasting scene. When he was appointed President and CFO of the Canadian Association of Broadcasters (CAB) in 1988, the industry was on the precipice of unprecedented change. Michael led all private broadcast sectors – radio, television and specialty and pay services – through numerous successful initiatives before the Government, the CRTC and other industry stakeholders.
Through the strategic plans Taking The Lead and 2001’s Future Plan both developed under the McCabe leadership, broadcasters were able to convince the government to recognize broadcasting as an important tool to achieve Canada’s cultural objectives.
A professional in public policy and communications before coming to the CAB, Michael McCabe held senior positions in the public and private sectors, including serving as Executive Assistant to former Liberal Finance Minister Mitchell Sharp – as Executive Director, CFDC (Telefilm Canada) -as Assistant Deputy Minister of Consumer and Corporate Affairs – and as Chairman of Policy Research for Canada Mortgage and Housing Corporation.
In 1999, he received the Western Association of Broadcasters Broadcaster of the Year Award, and in 2000 was named by Canadian Women In Communications as Mentor of the Year.
In December 2001, Michael McCabe stepped down from the CAB.
On October 30, 2001, at the final General Annual Meeting of the Canadian Association of Broadcasters which he chaired, Michael McCabe was inducted into the Broadcast Hall of Fame.
For further reading, his obituary is published in the Globe and Mail.
China needs a bull market to build strength: state media – TheChronicleHerald.ca
SHANGHAI (Reuters) – In a world reshaped by coronavirus, China needs further share market gains to fund a rapidly developing digital economy and strengthen its hand in intensifying power rivalries, state media said on Monday.
China’s economy is recovering, while its capital markets are undergoing reform and attracting money from home and abroad, setting the scene for a healthy bull market, the official China Securities Journal said in an editorial on Monday.
The commentary from the newspaper, which is affiliated to the state-run Xinhua News Agency, points to government support for a further stock market run-up following a recent strong rebound. China’s blue-chip index .CSI300> jumped over 4% on Monday morning to a fresh five-year high.
A vibrant capital market can help the Chinese economy “breed new opportunities in crisis, and break new ground in a changing world”, the editorial said.
China has been stepping up capital market reforms amid tech-related tensions with the United States, while relations have worsened due to the coronavirus, which U.S. President Donald Trump blamed China for mishandling.
With the global supply chain being reshaped and power rivalries intensifying, China will be aided by a mature financial market, the editorial said.
The country introduced a U.S.-style, registration-based system for new listings on its Nasdaq-style STAR Market launched a year ago, and is replicating the reform on Shenzhen’s start-up board ChiNext.
The new mechanism and other reform measures have laid the foundation for a “healthy bull” market, which is also being fueled by evidence of the country’s strong economic recovery, the editorial said.
(Reporting by Samuel Shen and Andrew Galbraith; editing by Richard Pullin)
On starting out in the media biz… – Colorado Hockey Now
I want to just start writing some more personal stuff on the site. Nothing heavy, just some occasional bloggy, diary, off-the-top-my-head stuff. I want you to feel like you know the guy behind the byline, but really I don’t want it to be all about me. Just me talking about stuff, which may include some personal stories from the past or riffing a bit more on the events of the day. Nothing political – I’m not going to start being one of those tiring sports writers who fills his/her workplace platform with political beliefs.
I want to talk about my start in the journalism business, and how different it is from today, and try to apply it to the younger folk in here reading this, who are curious about how to do this for a living.
First Nations losing oil revenue amid fall in consumption, drilling – CBC.ca
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