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Daily Business Report: Jan. 3, 2024, San Diego Metro Magazine

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Daily Business Report: Jan. 3, 2024, San Diego Metro Magazine


Visual Capitalist
Who Are America’s Most Popular CEOs?

What do the employees at America’s largest companies think of the leadership?

To answer that, we visualize CEO approval ratings gathered by professional social network Blind. 

The results are based on a survey of 13,171 verified professionals in the U.S., conducted between Aug. 18–23, 2023. Respondents were asked if they approve or disapprove of the way their CEO is handling their job.

By far, the most popular CEO right now (according to Blind’s respondents anyway) is Nvidia’s Jensen Huang, with an astonishing 96 percent approval rating.

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Huang’s numbers point to a theme in the data. Blind notes that there is a correlation between company stock performance and CEO approval rating. Nvidia’s critical role in the artificial intelligence hype train has sent shares up nearly 3x year-on-year. Their financials for the last three quarters show that profit is already up more than four-fold from last year.

Crucially, Huang also avoided layoffs that were otherwise rampant in the tech industry, helping his popularity among the staff.

In fact, the Blind survey uncovered that all of the 10 most popular CEOs, with the exception of Andrew Anag from AutoDesk, did not  cut jobs in the last year.

View the infographic

The Least Popular CEOs by Employee Approval Ratings

Eric Nordstrom (Nordstrom) and David Goeckeler (Western Digital) shared the lowest approval rating possible in the poll: 0 percent. From Blind’s methodology section, this means not a single surveyed employee answered “strongly approve” or “somewhat approve” to the question.

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Both companies cut nearly 200 jobs in 2023, with Nordstrom also responsible for the job losses amongst the company’s wage workers, who staffed the many retail stores the company shuttered.

Also featuring on this list of least-liked CEOs: Evan Spiegel (3 percent), who reduced Snap’s workforce by a fifth and Linda Yaccarino (4 percent), who heads X (formerly Twitter) that has been in turmoil since Elon Musk acquired the company in October, 2022.

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A woman passes by signs advertising Black Friday sales in 2021. (File photo by REUTERS/Jeenah Moon)
New California law will compensate
consumers defrauded by businesses

By Levi Sumagaysay | CalMatters

Businesses that defraud consumers sometimes pay a couple of thousand dollars in civil penalties under current California law. Or they’ll be ordered to pay millions of dollars, but close down or declare bankruptcy, leaving their victims without compensation.

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A new law effective Jan. 1 will help change that: It will establish a restitution fund in the state treasury that can be used to try to fully reimburse consumers.

Assembly Bill 1366 will let the state attorney general pursue disgorgement, or repayment of ill-gotten gains, in cases where companies violate unfair competition or false advertising laws. The money recovered would go into the new fund. 

“When a predatory business takes advantage of a consumer, it’s only right that the proceeds gained from illegal conduct should go towards compensating victims rather than remaining in the bank accounts of bad actors,” state Assemblymember Brian Maienschein,

a Democrat from San Diego who authored the legislation, said after the governor signed it in October.

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NASA sets coverage for ULA,

Astrobotic Artemis robotic moon launch

As part of NASA’s CLPS (Commercial Lunar Payload Services) initiative and Artemis program, United Launch Alliance (ULA) and Astrobotic are targeting 2:18 a.m. EST Monday, Jan. 8, for the first commercial robotic launch to the Moon’s surface. Carrying NASA science, liftoff of ULA’s Vulcan rocket and Astrobotic’s Peregrine lunar lander will happen from Launch Complex 41 at Cape Canaveral Space Force Station in Florida.

Peregrine will land on the Moon on Friday, Feb. 23. The NASA payloads aboard the lander aim to help the agency develop capabilities needed to explore the Moon under Artemis and in advance of human missions on the lunar surface.

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San Diego County Fair’s Street Banner Program announced

The San Diego County Fair is kicking off its 2024 community outreach efforts by

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opening up applications for its Street Banner Program. The program is one of the more beloved activities of the community-centric San Diego County Fair, which also features myriad programs for youth, nonprofits, families, various diasporas, and others.

Cities and community organizations will have two weeks to submit an application to participate in the program this year. 

During the 2023 Fair season — after a three-year Street Banner Program hiatus that was driven by the COVID-19 pandemic — more than 800 street banners were installed in 17 communities around the county, within the cities of San Diego, Chula Vista, and Lemon Grove.

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Community leaders are encouraged to visit the Fair’s website and submit an online application to participate in the program no later than Monday, January 15, 2024. Photo sessions are scheduled to take place during the month of February.

 

 

 

 

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Scripps scientists study atmospheric

rivers with Hurricane Hunter flights

Hurricane Hunter flights gathering data on atmospheric rivers to improve weather forecasting led by Scripps scientists in La Jolla have resumed for the winter. Atmospheric rivers are relatively long, narrow atmospheric regions, typically several thousand kilometers long and only a few hundred kilometers wide, that transport most of the water vapor outside of the tropics. They can carry a greater flux of water than Earth’s largest river, the Amazon, and have been increasing slightly in intensity over the past century.

To better understand and forecast atmospheric rivers, “Hurrican Hunter” aircraft from the U.S. Air Force Reserve 53rd Weather Reconnaissance Squadron began flights in November over the Pacific Ocean to last through March. It is part of the Atmospheric River Reconnaissance program led by the Center for Western Weather and Water Extremes at Scripps Institution of Oceanography.

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Scripps to pay $6.8 million, rescind mandatory retirement age policy

Scripps Clinic Medical Group has agreed to pay more than $6.8 million to resolve allegations that it imposed a mandatory retirement age on physician employees. The settlement agreement stems from age and disability discrimination allegations filed with the U.S. Equal Employment Opportunity Commission. According to the EEOC, a subsequent investigation concluded there was “reasonable cause to believe that Scripps Clinic Medical Group violated the Age Discrimination in Employment Act (ADEA) and the Americans with Disabilities Act (ADA).”

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GoMacro benefits Feeding San Diego and Solutions for Change

GoMacro, known for its organic, plant-based nutrition bars, announced their continued partnership with Feeding San Diego and Solutions for Change for the eighth year in a row. As part of GoMacro’s Give Back Bar program, a percentage of annual net proceeds from the Everlasting Joy MacroBar is donated to the two nonprofit orgganizations.

 

Southern Border Coalition seeking nominations

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The California Jobs First’s Southern Border Coalition is seeking members of the community to serve as leaders in shaping a resilient carbon-neutral economy in San Diego and Imperial counties. They will play a key role in creating an inclusive economic development plan focused on green jobs in disinvested communities. Interested parties may apply using the Sector Lead Nomination & Application form, which describes the 15 sectors as well as sector lead responsibilities.

 

Oceanside names new assistant chief of police

Oceanside Police announced that Capt. Taurino Valdovinos will be the department’s next assistant chief of police, replacing assistant chief Sean Marchand, who retired. Valdovinos has been with Oceanside Police for 20 years and has worked on a variety of specialized assignments, including the Gang Suppression Unit, Special Enforcement Section and the Neighborhood Police Team, according to the department.

 

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Oceanside accepts Fish and Wildlife funds for sand dune project

The City of Oceanside has accepted a $56,876 grant from the U.S. Fish and Wildlife Service to install and monitor dunes on the backend of several northern city beaches as part of a pilot project to restore habitat and retain sand. The City Council unanimously approved the Oceanside Coastal Dune Restoration Project funds at its Dec. 20 meeting. The project will test a nature-based sand retention solution by installing dunes to help protect the shoreline from rising sea levels and coastal flooding by elevating the beach, acting as a buffer between the ocean and local infrastructure.

Carlsbad to consider increasing affordable housing minimums

The Carlsbad Housing Commission voted on Dec. 14 to recommend increasing the minimum affordability requirements for new residential developments and rezoning city-owned land to help meet the city’s state-mandated affordable housing goals. The commission’s approval sends the proposal to the City Council, which is set to review and consider the proposed changes on Jan. 30, 2024. The city is addressing the gap between planned affordable housing and actual construction by setting higher minimum affordability requirements.

 

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County Water Authority to drop lawsuit over Rainbow, Fallbrook departures

The San Diego County Water Authority has agreed to drop its lawsuit over the proposed departure of two North County water agencies, it was announced Dec. 21. The lawsuit filed earlier this year challenged a decision by the San Diego Local Agency Formation Commission to allow the Rainbow Municipal Water District and Fallbrook Public Utility District to leave the water authority. The recent settlement allows Rainbow and Fallbrook’s water agencies to depart and includes a $25 million payment from both agencies, plus other costs and fees.

 

NCTD board approves Shawn Donaghy as next CEO

The North County Transit District Board of Directors unanimously approved Shawn M. Donaghy as the agency’s new CEO. Donaghy will take over for interim Executive Director Paul Ballard – who was brought on after the retirement of long-time Executive Director Matthew O. Tucker. Donaghy’s appointment follows a four-month, nationwide search by the board of directors. Most recently, Donaghy was the CEO of C-TRAN in Vancouver, Washington.

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San Diego, CA

Poway removes hundreds of trees to make city safer

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Poway removes hundreds of trees to make city safer


Drivers traveling through the city of Poway may have noticed a dramatic change to the landscape. Since September, more than 1,400 trees — many of them eucalyptus — have been removed as part of the city’s hazardous mitigation grant project aimed at reducing wildfire risk and improving public safety.

Poway is spending roughly $3 million on the effort, which focuses on removing trees that are dead, dying or considered dangerous. Much of the cost is being reimbursed by FEMA. Officials say the project is designed to make emergency evacuation routes safer while improving the overall health of trees along major roadways, rights-of-way and open spaces.

“I was relieved that there were some efforts being put into improving our resiliency to wildfire in our community,” said Poway Fire Chief Brian Mitchell.

Mitchell said spacing out trees can slow the spread of a wildfire and prevent roads from becoming blocked during an emergency.

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“That certainly has the potential to block our first responders from accessing somebody’s house in the middle of an emergency,” Mitchell said.

City leaders also point to storm safety as a key reason for removing hazardous trees under controlled conditions rather than risking falling limbs or entire trees during severe weather.

“I don’t want to be driving down that street and just a random limb just happened to collapse, you know, just hit me,” said Poway resident Dawn Davis.

Davis said she also worries about the threat the trees pose to nearby homes.

“I don’t want anybody’s homes here to be damaged, either by them or fire,” Davis said.

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A Poway spokeswoman said a certified arborist evaluated nearly 6,800 trees in Poway. About 2,800 invasive trees were recommended for removal.

This story was originally reported for broadcast by NBC San Diego. AI tools helped convert the story to a digital article, and an NBC San Diego journalist edited the article for publication.



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San Diego, CA

Aztecs land twin transfers from Michigan State to bolster offensive line

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Aztecs land twin transfers from Michigan State to bolster offensive line


The front of the Fowler Athletic Center at San Diego State includes a pair of double doors that open from the inside out. Replacing them with revolving doors would seem appropriate, given all the comings and goings nowadays.

SDSU had two dozen football players — including five starters on the defense — enter the NCAA transfer portal, which opened Friday. The first wave of candidates to replace them visited over the weekend.

And by Sunday afternoon, SDSU announced its first two signings. It was a package deal.

Sophomore offensive linemen Charlton and Mercer Luniewski are Michigan State transfers from Cincinnati. And twins.

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Charlton Luniewski’s social media says that he goes by “Big Chuck,” although Mercer is listed as an inch taller and 13 pounds heavier at 6-foot-6, 320. Mercer is also, by the way, 45 minutes older.

Charlton profiles at guard and Mercer at tackle, though SDSU typically works players in multiple spots to find the ideal fit. The twins are expected to challenge for spots on the two-deep if not the starting O-line, which lost three starters to graduation.

The twins were highly recruited two years ago out of Cincinnati Hills Christian Academy, where they also competed in track and basketball. They have three years of eligibility remaining.

The Luniewskis were among a dozen transfer recruits who visited SDSU over the weekend. Commitments have come from half of them. More recruits are scheduled for the coming this week as the Aztecs look to replenish the roster.

SDSU also received a commitment Sunday from Nate Henrich, a 6-6 edge from Division II Gannon University in Pennsylvania. Henrich had six tackles at Gannon, but he is viewed as having high upside with good size and length. He could provide needed depth at a position where the Aztecs lost four players to the portal.

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SDSU also expects commitments from Oregon State edge Kai Wallin, Portland State safety Isaiah Green and College of the Sequoias wide receiver Marshel Sanders.

Wallin is a 6-5 senior from Sacramento who played in nine games this season (seven starts) for the Beavers, making 17 tackles with one sack and four quarterback hurries. Green, a 6-1 junior from Oxnard, had a team-high 101 tackles at Portland State. Sanders is a 5-11 junior from Fresno who had 70 receptions for 929 yards and four touchdowns.

Bostick back

SDSU wide receiver Jacob Bostick announced on his social media Sunday that he is returning for the 2026 season.

His post read, in part: “Excited to get back to work with my coaches and teammates.”

Bostick had 11 catches for 157 yards and three touchdowns over six games before suffering a season-ending knee injury during practice six games into the season. He anticipates being ready to return by fall camp.

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San Diego, CA

Escondido officials need to enforce rules on illegal fireworks

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Escondido officials need to enforce rules on illegal fireworks


Dec. 30 marked the one-year anniversary of our Facebook community group, Escondido Fights Illegal Fireworks: Coco’s Crusade. While awareness has increased, illegal fireworks continue unchecked. On Christmas Eve, our neighborhood was again bombarded. Our dog was shaking uncontrollably and had to be sedated — no family should have to medicate a pet to survive a holiday. This is not a minor inconvenience. Across the city, parents struggled to get children to sleep, residents with PTSD experienced severe distress and workers were left exhausted. These are deliberate, illegal acts that disrupt entire neighborhoods.

Other cities have taken decisive action by using drones and deploying officers on key nights. While Escondido’s mayor and council say they are listening, current measures lack urgency and enforcement. Families are fleeing town or sitting in cars for hours simply to find peace. Illegal fireworks violate noise ordinances and can constitute animal cruelty. Strong, immediate enforcement is required.

— Heather Middleton, Escondido

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