CEO

A pair of top executives are out at Good Good Golf less than two weeks after the content creator and apparel brand posted, then deleted, an ad that has been highly criticized for making light of violence toward women.

Good Good chief executive officer Matt Kendrick and president Joe Flannery have left the company, multiple media outlets reported Wednesday. Business Insider published an internal staff memo from chief operating officer Alex Puchala that announced the departures without mentioning the controversial ad for the Good Good Callaway Quantum Driver.

Kendrick was one of the co-founders of the company, which started as a YouTube channel in 2020, and has since become one of golf’s biggest content creators. He told Front Office Sports late last month that he did not see the video before it was posted and added that he wasn’t in the practice of approving every one of the company’s social media posts.

Flannery was a recent hire whose first day on the job was Aug. 21, the same day the ad dropped.

“Effective today, Matt has decided to step down as CEO of Good Good and Joe has chosen to part ways as well,” Puchala wrote. “This is a difficult day for the entire Good Good family. Matt helped build something extraordinary that exceeded all expectations and continues to bring countless new fans to the sport. What began as a small group of friends playing golf is now a growing global community.”

Company co-founder Nahid Giga will serve as interim CEO, Puchala wrote. Neither Puchala nor Good Good immediately responded to requests for comment.

The ad depicted a man, played by Good Good co-founder Garrett Clark, shoving a woman to the ground as she reaches for one of his golf clubs. “Do not touch my new driver,” he says as he stands over her. Clark remains with the company as part of the creator team, according to Puchala’s memo.

Both Good Good and Callaway issued apologies for the ad in the days following its deletion. Clark also posted a lengthy video on social media in which he apologized for “the worst ad known to man.”

“This is not at all what we stand for,” Clark said. “… I want everyone to know that I do not support [domestic violence], abuse or any of that of any kind.”

On Aug. 27, Callaway announced it had cut ties with Good Good after a three-year business relationship and committed $1 million “to support organizations working to prevent violence against women, provide resources to survivors, and advance education and awareness efforts.”

The next day, Kendrick criticized Callaway in a post on his X account.

“Interesting that @CallawayGolf asks us to make an ad then approves it then asks us to take the fall then drops us in a coordinated media blitz and covers it up by giving a million dollars away thinking everyone will be ok with it,” Kendrick wrote.

He took a much more reserved approach related to the split with Callaway when talking to Front Office Sports the same day.

“They severed ties with us. We completely understand that position and this is a situation no one wants to be in,” Kendrick said. “And we apologize to everyone for being in this position, and I apologize to Callaway that all of us are here. I understand everyone’s position and I get it.

“We loved being with Callaway for a long time. They were nothing but great to us the entire time we were together. I just hate that this is how it ended.”

John “Jed” York, the owner and CEO of the San Fransciso 49ers, was arrested this weekend in his home state of Ohio and pleaded guilty to a pair of misdemeanor charges, according to local court records.

York, 45, pleaded no contest to charges of disorderly conduct and possessing criminal tools, Columbiana County Municipal Court records show.

He was arrested Sunday and released on $5,000 bail, court records show. He returned to court Monday morning to be arraigned on charges that were initially listed as engaging in prostitution and possessing criminal tools, but the former was changed to disorderly conduct in his plea.

York was sentenced to two days in county jail, with credit for the day he has already served, and ordered to pay a $1,150 fine, the court file shows. The order also noted that $160 that had been confiscated in the arrest would be forfeited to MVHTTF, which appears to stand for the Mahoning Valley Human Trafficking Task Force. The records also said that officials were to return a phone to York, and that York had “completed online course,” but additional details were not immediately available.

A mugshot from York’s arrest was published by local news site WKBN-27, who said he was arrested Sunday by the East Palestine Police Department. That agency told the news outlet that any additional information from the case would come from the Mahoning Valley Human Trafficking Task Force, a regional task force that includes the East Palestine Police Department and the Columbiana County Sheriff’s Office.

York grew up in Youngstown, Ohio, which is just north of East Palestine.

York had already filed a request to have the charges expunged Monday.

The Times attempted to contact the attorney listed in York’s sentencing records, but he did not immediately respond. The 49ers have not yet addressed the arrest.

In his first address to the Disney faithful as chief executive, Josh D’Amaro pledged that Walt Disney Co. would create new stories and experiences at the D23 fan event Wednesday night in Anaheim.

D’Amaro was greeted like a rock star during the Burbank media giant’s film and TV presentation as the assembled crowd of more than 12,000 Disney super fans at the Honda Center gave him a rousing round of applause and cheers. He beamed at the audience, while clasping his hands together in front of him.

“I believe that in order to lead this company, you have to understand what it actually feels like to be a fan,” he said onstage. “And, I do. ”

D’Amaro is no stranger to the D23 stage; in his past role as parks chief, he would give updates on the latest news for the experiences division.

But now, as CEO, he said the company would deepen its connection with fans by continuing to develop fresh stories and new experiences.

“We are not here waiting for the future,” he said. “We’re building it … we’re actually building it right now.”

While Disney unveiled several upcoming original stories, including an animated supernatural flick from Pixar called “Ghost Market” set for release in spring 2028 and “Clay,” a Disney Animation film coming later that year about a mentor-mentee relationship, many of its projects are related to existing franchises.

The company unveiled details about Pixar’s “Coco 2” and “Incredibles 3,” both of which got huge applause from the audience, as well as a live-action “Lilo & Stitch 2.” Fans cheered for the return of the Jonas Brothers reprising their original Disney roles in “Camp Rock 3.” Even a teaser from “The Bluey Movie” elicited screams from the largely adult audience.

Earlier in the day, Disney executives revealed additional plans about its streaming strategy during a series of panels.

The company plans to lean more on creators with its new Verts vertical video feed on Disney+, a new feature designed to increase engagement. So far, it has grown in popularity among users, said Erin Teague, executive vice president of product management at Disney Entertainment and ESPN.

“What we’re seeing is as users are engaging with their vertical video experience, they are actually engaging in the overall product experience, double the amount of time,” she said onstage. “That means that we’re meeting users where we are.”

The company also plans to invest more in local international content to help grow the Disney+ service around the world. Disney has seen its local Korean shows perform well in Asia, as well as Brazil, executives said. And shows that do well in one country can often be remade in other regions.

Over the next three years, Disney plans to roughly triple the number of local original series on Disney+.

Aug. 14 (UPI) — An Atlanta executive was sentenced to 20 years in prison on Friday for running what authorities described as “likely the largest Ponzi scheme in Georgia history.”

Todd Burkhalter, the founder and CEO of Drive Planning, ran a years-long scheme that defrauded thousands of investors of nearly $400 million, prosecutors said.

He used the funds for lavish purchases, including a $2 million yacht, a $2.1 million luxury condo in Cabo San Lucas, Mexico, and $800,000 in vehicles.

“Todd Burkhalter lured investors to send millions of dollars to Drive Planning for investments that he knew didn’t actually exist,” Georgia U.S. Attorney Theodore Hertzberg said in a statement.

“He promised investors that they were guaranteed substantial returns on their investments, and he ruthlessly encouraged them to deplete their kids’ college funds, take early distributions from retirement accounts, and borrow significant sums at high interest rates,” he added. “The sentences in this case should discourage other financial advisors from choosing insatiable greed and lies over honest investment strategies.”

FBI Special Agent in Charge Marlo Graham said Burkhalter brazenly continued his scheme even while under federal investigation.

“Todd Burkhalter organized what is likely the largest Ponzi scheme in Georgia history to fund an extravagant lifestyle,” Graham said in a statement.

Prosecutors said Burkhalter defrauded more than 2,000 investors from September 2020 to June 2024.

He has also been sentenced to pay more than $230 million in restitution.

Earlier this week, two other people were sentenced in the scheme.

The company’s chief operating officer, David Bradford, was sentenced to four years in prison and $4.2 million restitution.

Julie Edwards, Drive Planning’s chief administrative officer, was sentenced to to years prison and ordered to pay $630,000 in restitution.

The pay gap between executives and their employees has widened from 2024 to 2025, with chief executives making 312 times what their median worker earned, according to the AFL-CIO, the largest coalition of labour unions in the United States.

That’s up from the previous rate of 285 times the median worker salary for executives working in the companies listed on the S&P 500 index.

The figures were released on Thursday as part of the AFL-CIO’s annual Paywatch report, which tracks the growing gulf in wages.

The labour federation warned that the divide in pay risks having broader effects for the global marketplace. If CEOs are focused on increasing their paycheques, the AFL-CIO warned that they may be less concerned about the stability of their companies — or of the economy overall.

“Excessive CEO compensation contributes to growing economic inequality,” the AFL-CIO wrote. “It creates the risk that CEOs will make short-term decisions to maximize their pay, even if it hurts the company’s long-term health.”

In determining the executive-to-worker pay ratio, the AFL-CIO explained it had to exclude one outlier: the world’s richest man, Elon Musk.

In 2025, Musk made $158bn as CEO of the electric vehicle company Tesla — 2.5 million times more than the company’s average employee. His salary even dwarfed the company’s revenue for the year, which was $94bn.

That same year, the carmaker reported a 3 percent decline in revenue. Sales dropped by roughly 9 percent, as some consumers boycotted the company over Musk’s participation in President Donald Trump’s second administration.

Tesla also faced 11 vehicle recalls last year, accounting for 745,000 of its cars.

For the first half of 2025, Musk served as the head of the Department of Government Efficiency (DOGE), an office Trump established to oversee cuts to the federal workforce and spending.

He also oversees multiple business interests beyond Tesla, including the social media platform X and the rocket company SpaceX.

In June, the initial public offering (IPO) for SpaceX’s stock briefly ballooned Musk’s net worth, and he was listed for a short time as the world’s first trillionaire.

Including Musk, on average, the pay for a chief executive in an S&P 500 company jumped 1,700 percent last year to reach $3.1bn.

Excluding Musk, the increase was slightly more modest. Whereas in 2024 the average CEO pay was roughly $19m, in 2025 the figure increased by 21 percent to $22.8m.

That sum is nearly double the average compensation package for chief executives a decade ago.

Uneven distribution across industries

Different industries, however, saw varying ratios in executive-to-worker income.

The biggest pay disparity was in the manufacturing sector, with the average CEO making $696m and the average worker in the industry making slightly more than $93,000.

That amounted to a more-than-11,000 percent difference in their salaries. Tesla marks the biggest disparity in the sector, helping to drive the pay ratio higher.

The industry with the second-highest pay ratio was the arts, entertainment and recreation sector, where executives make an average of $24.6m, compared to an average of around $25,000 for median workers. The difference was a ratio of 1,057 to one.

One of the most stark examples of a pay divide was the coffee chain Starbucks, where the average worker made $17,279 — only $1,629 higher than the federal poverty line in 2025.

With CEO Brian Niccol earning north of $30m last year, experts estimate the pay ratio in the company is 1,794 to one.

The AFL-CIO’s report also showed that Amazon, Dollar Tree, FedEx, McDonald’s and Walmart workers are the largest recipients of social assistance programmes.

Amazon CEO Andy Jassy made 51 times more than the company’s average employee, while McDonald’s CEO Chris Kempczinski made 1,082 times more than the average worker at the Chicago, Illinois-based fast-food giant.

Trump posts surge in earnings

Thursday’s report also examined Trump’s income during the first year of his second term in office.

Trump’s campaigns for public office have largely hinged on his record as a businessman, and he has pitched himself to voters as uniquely qualified to address the country’s economic needs.

But critics have accused him of profiting from the presidency, whether through trademarks or policies favourable to his business interests, including cryptocurrency.

The AFL-CIO report found that Trump’s income surged 254 percent last year, over what he made in 2024, before his return to the White House.

The $2.2bn worth of income he earned in 2025 stemmed largely from World Liberty Financial, the Trump family’s cryptocurrency venture, and the sale of meme coins.

Those earnings are roughly 43,154 times what the median US worker made last year, according to the AFL-CIO. Approximately 37 percent of US adults cannot cover a $400 emergency expense.

This comes as US consumer sentiment slipped 8 percent, with consumers growing more wary of business conditions and the strength of their personal finances, according to a report from the University of Michigan released on Friday.

The labour market is also experiencing a downturn, with the US economy shedding 23,000 jobs in July, according to a monthly report from the US Department of Labor’s Bureau of Labor Statistics (BLS).

The Conference Board, a nonprofit think tank focused on the economy, also found last month that confidence in the state of the US economy is trending downward for the third consecutive month.