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Tod Leiweke (born January 12, 1960, in St. Louis, Missouri) is an American sports executive who is currently part-owner, president and chief executive officer (CEO) of the Seattle Kraken. Career [ edit ]
Kraken was co-founded in 2011 by Jesse Powell, an alumnus of California State University, Sacramento with Thanh Luu and Michael Gronager. [7] [8] Powell was a consultant for Mt. Gox in resolving a security issue, and began working on Kraken as a replacement anticipating its death; Gox would indeed collapse in 2014, failing security audits.
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Co-owners, both in their 80s, seek retirement without selling the company. Employee ownership is their desired option, but employees lack the capital to purchase the company. This leads Kelso to suggest borrowing through the company's IRS tax-qualified profit-sharing plan, which allows the loan to be paid off with before-tax dollars.
Yahoo Finance Live anchors discuss breaking reports that crypto exchange Kraken is issuing layoffs in the wake of the FTX collapse.
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The Kraken announced Monday that Grammy winner Macklemore and former NFL running back Marshawn Lynch are joining the minority investor group. The two are taking small stakes in the franchise but ...
An employee ownership business model is a way of achieving benefits for a business, its employees, and society. [4] The trust model has the following characteristics in comparison to employee ownership models involving direct employee share ownership: [5]