Red

Red Lobster’s new CEO, Damola Adamolekun, came with a plan to turn the company around. First, however, he’d have to lift spirits.By May 2024, the lobster chain had gone bad. Its private equity owners had saddled the company with expensive leases, labor costs were rising, and promotions like “Endless Shrimp”…

OpenAI spread itself too thin, and CEO Sam Altman knows it.His “Code Red” to employees this week marks a reset: Focus on improving ChatGPT, and pause lower-priority initiatives. The most striking pause is advertising. Why delay such a lucrative opportunity at a moment when OpenAI’s finances face intense scrutiny?Because in…