Instacart President Carolyn Everson is heading out the door at the end of the year after just 4 months at the food-delivery company—the “second high-profile departure in recent months ahead of a possible public offering” - WSJ and CNBC
Another week, another show of bipartisan Congressional contempt for Big Tech CEOs, another failure to actually do anything to rein in Silicon Valley. Wash, rinse, repeat - NYTimes
The emergence of the Omicron variant (to say nothing about the still raging Delta) has forced corporate America—once banking on a fall 2021 return-to-the-office—to grudgingly accept “TBD” as the RTO reality - NYTimes
PE firm Parthenon Capital is buying a majority stake in Kroll Bond Rating Agency in a deal that values Kroll at around $900 million. Kroll is a recent addition to the rating agencies scene, emerging in 2010 “when investors and regulators were criticizing” the role of the Big 3 in the Great Recession - WSJ
Tesla’s billionaire founder is as about high-profile as a CEO can get. E-truck maker and hopeful Tesla rival Rivian now has a billionaire founder of its own (thanks to last month’s gangbusters IPO), but RJ Scaringe has a lot of catching up to do—personally, and for his company—when it comes to competing with Musk & Co. - WSJ
Bloomberg suggests that the massive “borrowing binge” by corporations in 2021 could make it even harder for the Federal Reserve to fight inflation without jeopardizing the economy, as rate hikes could adversely affect borrowing costs - Bloomberg
After a week of getting lit up online and in the media for his ham-handed handling of the firing of 900 employees over Zoom, Better.com CEO Vishal Garg is “taking time off” from the mortgage company - NYTimes
Getting to know the SEC’s new top cop, Gurbir Grewal, the former New Jersey attorney general with a long history of government work in which he “navigated partisan politics and managed a large number of law-enforcement agencies and personnel.” Grewal has signaled that it’s time the agency increases penalties for bad actors in the financial sector - WSJ
GM is finalizing plans for a pair of EV projects in Michigan that will see the automaker invest $3 billion to convert its Orion Assembly plant into a “hub for production of electric pickup trucks’ and to “build a battery-cell factory near one of its assembly plants in Lansing” - WSJ and NYTimes
Your Office 2021 vocab guide: from Al Desko to Zoombie. It’s a weird time, folks - NYTimes
Stay safe, and get boosted,
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