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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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Sir Mohamed Mansour brought a global movement to San Diego, and nearly won MLS Cup in Year 1

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Sir Mohamed Mansour brought a global movement to San Diego, and nearly won MLS Cup in Year 1


As Sir Mohamed Mansour was finalizing a deal with the Sycuan Band of the Kumeyaay Nation to invest in San Diego FC in 2022, he reflected on their combined history. The Sycuan said they’d lived in the San Diego region for 12,000 years. Mansour looked to his own Egyptian culture’s 7,000-year existence.

“If we have 19,000 years of history we can’t lose,” said the 78-year-old.

When San Diego FC finally lost in the 2025 MLS Cup playoffs, it was in the Western Conference finals, capping the best debut season in the league’s history. Mansour spoke about the experience Thursday morning during the Business of Soccer conference at Mercedes-Benz Stadium in Atlanta.

“The first game, to me, meant everything. That night was a sleepless night because I’m very passionate about soccer,” he said.

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Mansour would have settled for a respectable loss; they were playing defending MLS Cup champs L.A. Galaxy. But San Diego FC scored twice unanswered, winning the opener. And another sleepless night ensued.

Mansour discussed early life health issues, including being hit by a car when he was 10 years old, which left him bed-ridden for three years. He read American comic books and studied. His family’s wealth was confiscated by the Egyptian government during a 1965 revolution, and he later beat cancer as a 20-year-old while studying in the U.S.

Now the billionaire chairman of Mansour Group, an Egyptian conglomerate owned by his family, Mansour is also chairman of the Right To Dream Academy, which has made San Diego its fifth outpost. San Diego FC’s $150M Sharp HealthCare Performance Center includes residences and a school for Right To Dream participants in the club’s academy system. Mansour mentioned his plans to construct 100 pitches for underprivileged kids in San Diego.

“We are more than a football academy. We’re a global movement, built upon the belief that everyone has the right to dream,” said Mansour. “We’ve been rewriting the rules of talent development for over 20 years, guided by our core belief that excellence can be found anywhere.”

While creating hundreds of opportunities for children in underdeveloped countries, Right to Dream has generated tens of millions of euros in transfer fees for clubs within the network.

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Mansour, who graduated from N.C. State in 1968 with an engineering degree and then earned a Masters’ from Auburn, differs from many MLS owners because he is a native soccer fan, he had extensive soccer business experience, and even an idea of how he’d like his team to play (possession-based).

Asked which he’d prefer — for Egypt to win the World Cup or San Diego FC to win MLS Cup — Mansour answered the United States (to win the World Cup) and San Diego FC to win MLS Cup.

“I tell you why. I’m a businessman too,” he said, grinning. “And if the US does well in this World Cup, soccer is going to grow.”


Rapid fire with Sir Mohamed Mansour

Comic book hero: Superman

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Kryptonite: Worrying

Favorite athlete: Michael Jordan

Favorite soccer player: Mohamed Salah

Childhood hero: His father



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3 San Diego State players who won’t be on the roster in the 2026–27 season

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3 San Diego State players who won’t be on the roster in the 2026–27 season


The San Diego State Aztecs are bracing for some possible serious turnover this offseason and it’s not all going to be via the transfer portal. 

Leading scorer Reese Dixon-Waters is out of eligibility, as are Jeremiah Oden and Sean Newman Jr. Newman can petition for another season based on his junior college years, but it’s anyone’s guess if he’d get it.

Obviously, San Diego State’s roster movement is far from complete and the transfer portal doesn’t even open until April 7, the day after the national championship game. 

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The Aztecs’ once-promising season ended when they were left out of the NCAA Tournament following their loss to Utah State in the Mountain West Tournament championship game.

There are some players we know will not be on the squad next season, which will be the Aztecs’ first in the new-look Pac-12:

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Guard Reese Dixon-Waters

San Diego State Aztecs guard Reese Dixon-Waters (39). | Mark J. Rebilas-Imagn Images

After missing all of the 2024-25 season with a broken foot, Dixon-Waters returned for his final season of eligibility and led the Aztecs in scoring at 13.1 points per game. He was a second-team All-Mountain West pick. He scored his 1,000th career point at UNLV on Jan. 24 and finished his career with 1,220 points. 

Dixon-Waters played his first three seasons at USC before transferring to SDSU, where he started 23 of 37 games in 2023-24. He was a preseason All-Mountain West pick the next season before breaking a foot. He was so highly regarded that, despite missing all of last season, he was named to the preseason All-MW team in October. 

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One of his notable accomplishments was attempting more free throws (43) without a miss to start the 2023-24 season than any player in the country.

Forward Jeremiah Oden

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San Diego State Aztecs forward Jeremiah Oden (25). | Isaiah J. Downing-Imagn Images

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Oden started 15 games and played in 30 of 33 games in his final season of eligibility after transferring from Charlotte, where he redshirted in 2024-25. He averaged 4.6 points, 2.3 rebounds and 13.8 minutes. 

Oden scored his 1,000th career point on Feb. 3 against Wyoming, where he played his first three college seasons. He finished his career with 1,024 points and 495 rebounds. 

Oden didn’t play at all in a blowout home win against Utah State on Feb. 25, when Dutcher shortened his rotation from 11 to nine players. He had started the previous nine games. 

Oden also played one season at DePaul.

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Guard Sean Newman Jr. 

San Diego State Aztecs guard Sean Newman Jr. (4). | Mark J. Rebilas-Imagn Images
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The transfer from Louisiana Tech played in all 33 games and made four starts, including Senior Night in the regular-season finale against UNLV and all three games in the MW tournament, when freshman Elzie Harrington was out with an injury. 

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Newman averaged 3.3 points, 2.4 assists and 15.4 minutes. 



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The Streamline: Concerns raised over future of Tecolote Canyon Golf Course

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The Streamline: Concerns raised over future of Tecolote Canyon Golf Course


Here is what you need to know in the March 25, 2026, Streamline newsletter:

This morning, we’re tracking San Diego Unified School District’s decision to rename Cesar Chavez Elementary School in the wake of serious allegations against the civil rights icon.

We’re also following the City of San Diego’s search for a new operator to reopen Tecolote Canyon Golf Course — and the neighbors pushing to safeguard and restore the surrounding natural space.

Plus, consumer reporter Marie Coronel shows why brand loyalty might be costing you more on your cell phone bill.

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THE STREAMLINE

WATCH — ABC 10News brings you The Streamline for Wednesday, March 25 — everything you need to know in under 10 minutes:

The Streamline: Wednesday, March 25


TOP STORY

The San Diego Unified School District board voted Tuesday night to begin renaming Cesar Chavez Elementary School following allegations of sexual abuse against the labor leader.

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The process will start with school leaders meeting with parents, teachers, students, and community members to select a new name.

While renaming a school typically takes several months, district officials said the timeline could be expedited in this case.

San Diego Unified usually limits itself to one school name change per year — in February, Clairemont High School’s mascot was changed from the Chieftains to the Captains.

However, board members said they would make an exception for this situation.

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San Diego Unified initiates renaming process for Cesar Chavez Elementary over abuse allegations

RELATED COVERAGE:


MICROCLIMATE FORECASTS

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Inland

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Mountains

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BREAKING OVERNIGHT

(AP) — Iran received a 15-point proposal from the U.S. to reach a ceasefire in the war, two Pakistani officials said Wednesday.

The Pakistani officials described the proposal broadly as touching on sanctions relief, civilian nuclear cooperation, a rollback of Iran’s nuclear program, monitoring by the International Atomic Energy Agency, missile limits and access for shipping through the Strait of Hormuz, the narrow mouth of the Persian Gulf.

The Trump administration reportedly offered the plan to Iran as the U.S. appears to seek an end to the war even while more troops head to the Middle East.

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The plan was submitted to Iran by intermediaries from the government of Pakistan, which has offered to host renewed negotiations between Washington and Tehran, a person briefed on the plan’s contours but who was not authorized to speak publicly told The Associated Press on Tuesday.

The U.S. military is preparing to deploy at least 1,000 troops from the 82nd Airborne Division to the Middle East in the coming days, according to three people with knowledge of the move who spoke on condition of anonymity to discuss sensitive military plans.

Any talks between the U.S. and Iran would face monumental challenges. Many of Washington’s shifting objectives, particularly over Iran’s ballistic missile and nuclear programs, remain difficult to achieve, and it is not clear who in Iran’s government has the authority or would be willing to negotiate.

Iranian Foreign Minister Abbas Araghchi’s office said he has been discussing the war this week with several counterparts, but Mohammad Bagher Qalibaf, the speaker of Iran’s Parliament, denied Trump’s claim of direct talks and an Iranian military spokesperson declared that the fighting would go on.

Alluding to progress in talks, U.S. President Donald Trump claimed Iran shared an oil- and gas-related “present,” a day after telling reporters that the Middle Eastern nation is eager for a deal to end the war.

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Story by The Associated Press


CONSUMER

While loyalty is usually a good thing, it’s possible it could be costing you money when it comes to your cell phone bill.

WATCH — Consumer reporter Marie Coronel goes over the simple checks you can do right now to make sure you’re not overpaying:

Comparing cell phone plans to save money on your bill

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WE FOLLOW THROUGH

The City of San Diego is seeking proposals from companies to lease and reopen the Tecolote Canyon Golf Course. While golfers welcome the move, some nearby residents argue it could harm the environment.

WATCH — Reporter Dani Miskell spoke to some neighbors about their expectations for whoever comes in to run the golf course:

Concerns grow over future of Tecolote Canyon Golf Course

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