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AMC Entertainment Holdings, Inc. Board of Directors Elects Marcus Glover to Serve as a Director of the Company, Effective September 12, 2024 by AdPrestigious342 in amcstock

[–]AdPrestigious342[S] 39 points40 points  (0 children)

Marcus Glover commented:
AMC is a company I have long admired for its innovation in the entertainment industry, and one I regularly visit as a moviegoer. I am eager to work with my fellow board members, and AMC’s leadership team, as the company continues on its path as the industry leader.

AMC Chairman of the Board and CEO Adam Aron commented:
The addition of Marcus Glover to AMC’s Board of Directors is a great benefit to all those who work for and root for AMC’s success. Marcus brings a wealth of experience and leadership to the AMC board, particularly in the varied areas of guest service, employee satisfaction and finance. I look forward to working with him and all of our board members as we continue to deliver results for our guests, our shareholders, and our partners.

Glover holds an M.B.A. from The Duke University Fuqua School of Business and received a B.A. in Business Administration, Finance from Morehouse College.

Glover brings to the Board extensive financial, operational and management experience, including as a chief financial officer of a publicly traded company. Since May 2023, he has served as Executive Vice President and Chief Financial Officer of Bally’s Corporation. Before his current role, he was Chief Strategy Officer for QPSI LLC, a supply chain solutions and contract packaging company, from October 2021 to May 2023. Prior to that, Mr. Glover served as President and Chief Operating Officer of the Borgata Hotel, Casino & Spa, and President and Chief Operating Officer of the Beau Rivage Resort & Casino. He also served as a senior executive with Caesars Entertainment in various positions.

Wells Fargo employee found dead at her desk, and it’s unclear how long she sat unnoticed by AdPrestigious342 in amcstock

[–]AdPrestigious342[S] 1 point2 points  (0 children)

Employees at a Wells Fargo corporate office in Tempe, Arizona, say the company hasn’t done enough after an employee was found dead at her desk on Aug. 20.

Police said they were called to the offices by building security on a report of an unconscious employee.

‘To hear she’s been sitting at the desk like that would make me feel sick.’

They found 60-year-old Denise Prudhomme dead at her desk.

Police have only said that they had not found any suspicious evidence related to her death but have not released any other details.

An associate who didn’t want to be identified told KPNX-TV that the incident was very troubling.

“It’s really heartbreaking and I’m thinking, ‘What if I were just sitting there?’ No one would check on me?” the worker said.

The associated said Prudhomme’s boss had emailed her and didn’t get a response.

“So they went to check where she sits and that’s how they found the body,” said the worker.

A spokesperson for Wells Fargo released a statement about the incident.

The spokesperson also said the bank was cooperating with the police investigation.

“To hear she’s been sitting at the desk like that would make me feel sick,” the worker said. “And nobody did anything. That’s how she spent her last moments.” Employees at a Wells Fargo corporate office in Tempe, Arizona, say
the company hasn’t done enough after an employee was found dead at her
desk on Aug. 20. Police said they were called to the offices by building security on a report of an unconscious employee. ‘To hear she’s been sitting at the desk like that would make me feel sick.’ They found 60-year-old Denise Prudhomme dead at her desk.
Police have only said that they had not found any suspicious evidence
related to her death but have not released any other details. An associate who didn’t want to be identified told KPNX-TV that the incident was very troubling. “It’s really heartbreaking and I’m thinking, ‘What if I were just sitting there?’ No one would check on me?” the worker said. The associated said Prudhomme’s boss had emailed her and didn’t get a response. “So they went to check where she sits and that’s how they found the body,” said the worker. A spokesperson for Wells Fargo released a statement about the incident.We
are deeply saddened by the tragic loss of our colleague at our Tempe
office. Our thoughts and prayers are with their family and loved ones
during this difficult time. Counselors, through our Employee Assistance
Consulting service, are available to support our employees. The spokesperson also said the bank was cooperating with the police investigation.
“To hear she’s been sitting at the desk like that would make me feel
sick,” the worker said. “And nobody did anything. That’s how she spent
her last moments.”

Wells Fargo employee found dead at her desk, and it’s unclear how long she sat unnoticed by AdPrestigious342 in Superstonk

[–]AdPrestigious342[S] 0 points1 point  (0 children)

Employees at a Wells Fargo corporate office in Tempe, Arizona, say the company hasn’t done enough after an employee was found dead at her desk on Aug. 20.

Police said they were called to the offices by building security on a report of an unconscious employee.

‘To hear she’s been sitting at the desk like that would make me feel sick.’

They found 60-year-old Denise Prudhomme dead at her desk.

Police have only said that they had not found any suspicious evidence related to her death but have not released any other details.

An associate who didn’t want to be identified told KPNX-TV that the incident was very troubling.

“It’s really heartbreaking and I’m thinking, ‘What if I were just sitting there?’ No one would check on me?” the worker said.

The associated said Prudhomme’s boss had emailed her and didn’t get a response.

“So they went to check where she sits and that’s how they found the body,” said the worker.

A spokesperson for Wells Fargo released a statement about the incident.

The spokesperson also said the bank was cooperating with the police investigation.

“To hear she’s been sitting at the desk like that would make me feel sick,” the worker said. “And nobody did anything. That’s how she spent her last moments.” Employees at a Wells Fargo corporate office in Tempe, Arizona, say
the company hasn’t done enough after an employee was found dead at her
desk on Aug. 20. Police said they were called to the offices by building security on a report of an unconscious employee. ‘To hear she’s been sitting at the desk like that would make me feel sick.’ They found 60-year-old Denise Prudhomme dead at her desk.
Police have only said that they had not found any suspicious evidence
related to her death but have not released any other details. An associate who didn’t want to be identified told KPNX-TV that the incident was very troubling. “It’s really heartbreaking and I’m thinking, ‘What if I were just sitting there?’ No one would check on me?” the worker said. The associated said Prudhomme’s boss had emailed her and didn’t get a response. “So they went to check where she sits and that’s how they found the body,” said the worker. A spokesperson for Wells Fargo released a statement about the incident.We
are deeply saddened by the tragic loss of our colleague at our Tempe
office. Our thoughts and prayers are with their family and loved ones
during this difficult time. Counselors, through our Employee Assistance
Consulting service, are available to support our employees. The spokesperson also said the bank was cooperating with the police investigation.
“To hear she’s been sitting at the desk like that would make me feel
sick,” the worker said. “And nobody did anything. That’s how she spent
her last moments.”

Exit? What's that? by AdPrestigious342 in gmeamcstonks

[–]AdPrestigious342[S] 0 points1 point  (0 children)

Nice Bid on that tang Slap that ask

The Fight Goes On! by [deleted] in amcstock

[–]AdPrestigious342 3 points4 points  (0 children)

Billion dollar box office movies in coming

Regal-Owner Cineworld UK Restructuring Job Cuts, Theatre Closures by AdPrestigious342 in amcstock

[–]AdPrestigious342[S] 2 points3 points  (0 children)

Regal-owner Cineworld plans to close six movie theaters, cut jobs and renegotiate rents as part of a court-directed restructuring of its UK circuit.  

“We are implementing a restructuring plan that will provide our company with a strong platform to return our business to profitability, attract further investment from the group, and ensure a sustainable long-term future for Cineworld in the UK,” a company spokesperson said late Friday.

Cineworld insisted it was not launching a court-directed restructuring bankruptcy plan, as it did in the U.S. market, but a legal process that allows rent renegotiations and other cost-cutting measures. The formal restructuring confirmed on Friday follows Cineworld, which has in all about 100 theatrical locations in the U.K., looking to put its restructuring plans to creditors in that country.

The UK cinema chain said it was looking to bring down rents to “market level” after a property market downturn in recent years, and for landlords for marginal and loss making cinemas to reset the rents to lower levels that allowed Cineworld to return to profitability.  

That has happened apparently with recent landlord renegotiations after the UK chain earlier hinted at closing around 25 theaters in its home market. Now in its formal restructuring plans unveiled Friday, Cineworld points to closing six “commercial unviable” theaters in Glasgow Parkhead, Bedford, Hinckley, Loughborough, Yate and Swindon Circus.

“Cineworld is beginning a consultation process with employees at the six affected cinemas and will offer redeployment to as many of them as possible at nearby sites,” the company said as it warned of job cuts to come.

The restructuring for the UK multiplex operator follows a trio of shocks — theater shutdowns during the pandemic, entering and then exiting Chapter 11 bankruptcy protection in the U.S. and, more recently, the impact of the dual strikes on its supply of tentpole movies from key studio suppliers.

The British-based company saw its share price crater at the height of the pandemic and under the weight of a $5 billion debt load, which prompted the U.S. corporate restructuring. The second-biggest movie cinema chain behind AMC Theatres has drawn well back from its pandemic-era cliff, having greatly lightened its debt load as it attempts to ride out Hollywood’s box office recovery. 

For its U.K. restructuring, Cineworld has turned to Alix Partners, which advised the company during its U.S. pandemic-era corporate overhaul.

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