Welcome to Talking Points AM for Thursday, Nov. 15, pre-snow edition. Here's what's shaking in business.
AM Headlines
■ Facebook's strategy of delay, deny, and deflect: The New York Times takes a deep dive into how CEO Mark Zuckerberg and COO Sheryl Sandberg navigated -- often poorly -- the company's cascading crises. (NYT)
■ Theresa May faces internal Brexit backlash: Dominic Raab and Esther McVey among ministers to quit the UK prime minister's cabinet over EU agreement. (BBC)
■ Walmart reports mixed third-quarter results: Earnings topped analysts' expectations but revenue fell short due to currency headwinds. (CNBC)
■ Judge in CNN v. Trump case says he will rule today: CNN and its correspondent Jim Acosta are alleging that the White House's suspension of his press pass violates the First and Fifth Amendments. (CNN)
■ Levi Strauss said to plan IPO that values company at up to $5 billion: Strauss is looking to raise between $600 million and $800 million in the IPO, said people familiar with the matter. (CNBC)
Off the Top
Quick -- name the CEO of Massport, the powerful quasi-state agency that runs Logan Airport, Worcester Airport, Hanscom Field, and several container ports, as well as owning a lot of land in the Seaport. If you can't, you're not alone, even if the post is one of the best-paying public jobs around. The answer: Tom Glynn, who is stepping down this AM after a successful six-year run.
The search for a successor hasn't officially begun, but already several names are being floated, according to the Globe's Jon ''Chesto Means Business'' Chesto. They include:
■ Jay Ash, Governor Charlie Baker’s secretary of economic development and housing
US Representative Michael Capuano, who is leaving Congress after losing in the Democratic primary to Ayanna Pressley
■ Joseph Aiello, chairman of the MBTA fiscal control board
■ Brian Golden, who oversees the Boston Planning &Development Agency
■ John Pranckevicius, Massport’s chief financial officer, who is serving as interim CEO
They are all accomplished, talented, and well-connected. And -- big surprise -- they are all white men. That's a problem.
But, as Jon writes, "the two Massport board members heading the search for Glynn’s successor, Stephanie Pollack and Lew Evangelidis, pledged to cast a wide net to consider female and minority candidates as well. They have reinforced that edict to the headhunting firm the board expects to hire on Thursday to find and vet applicants."
Pollack and Evangelidis know people are paying attention. Earlier this year the Greater Boston Convention & Visitors Bureau had to restart its hunt for a new CEO after taking heat for not having any candidates of color on its short list.
Stay tuned. (Boston Globe)
Executive Summary
I love the nightlife: There aren't many places to boogie after dark in the North Station area. The development boom hit a few years ago, but the focus has been mainly residential -- Lovejoy Wharf, Avalon North Station, and now Hub on Causeway, a 1.9-million-square-foot complex being built on the site of the old Garden that will include a 38-story apartment tower, an office tower, and a hotel. That's about to change. Hub on Causeway plans take shake some action with Big Night, a new $25 million concert venue. The Globe's Tim Logan reports that Big Night (also a great movie) will accommodate about 1,500 people for live shows and 2,000 overall, and "bring a high-end nightclub vibe to a neighborhood historically known for its sports bars." Slated to open next fall, the project is the latest from Big Night Entertainment, which runs a collection of bars, restaurants, and clubs in the Seaport District, Downtown Crossing, Foxborough’s Patriot Place, and Foxwoods Casino in Connecticut. (Boston Globe)
The next challenge: The startup accelerator MassChallenge is looking for a new leader as founder and CEO John Harthorne steps down to launch a new for-profit venture. Harthorne started MassChallenge in 2010, and since then the Boston-based nonprofit has given millions of dollars in grants to promising young companies. His next act, to be announced this AM, will be a for-profit company designed to help MassChallenge participants grow after they complete the program. The Globe's Andy Rosen and Jon Chesto have the full story here.
Kings of Atlantic City: Boston-based fantasy sports company DraftKings is opening a real-life sports betting salon in Atlantic City. The company and Resorts Casino said their 5,000-square-foot facility will begin taking bets Nov. 20 in a space off the casino floor where patrons walk in off the Boardwalk. Says the AP: "It is the latest ambitious offering in a scramble by New Jersey casinos, racetracks, and bookmakers to have not only an online and mobile phone operation, but also a go-to game-day physical facility to attract and hold fans as they bet, eat, and drink." Remember, six months ago the US Supreme Court opened the door for states to legalize sports betting, and my native Garden State, which opened its first casino in the late 1970s (I skipped school to attend but couldn't get in), was among the first to get a piece of the action. (AP via the Globe)
Minehane's next act: Kirk Minehane, co-host of the top-rated "Kirk & Callahan" show on WEEI, is leaving to start his own Web-based program. The Globe's Chad Finn says Minehane is going to host his own show/podcast on the Radio.com app, which is owned by WEEI parent Entercom. WEEI’s morning show will now be called “Mut and Callahan,” after longtime host Gerry Callahan and Mike Mutnansky, who has frequently been the third voice on the show. Minehane has been on leave from the show while he sought treatment for depression. In a podcast interview with The Athletic’s Richard Deitsch, Minehane said he wasn't sure why WEEI had kept him from returning: "I think they want the morning show to go in a different direction... I think they want less anger. I think they want less controversy. I think they want to talk more sports than Gerry and I have talked about the last couple of years." With his own Internet show, Minehane will have a lot more freedom to be himself. (Boston Globe)
Cross-platform plug: The Globe will reveal the winners of this year's Top Places to Work survey tonight on BostonGlobe.com. Make sure to check in to see whether your company made the list. Meanwhile, here's one story from the special package, about the spread of casual Friday's to the rest of the working week.
Watch List
■ 8:30 a.m.: US weekly initial jobless claims
■ 10:30 a.m.: US EIA natural gas storage report
■ 11 a.m.: US EIA petroleum status report
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