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Stock impact report

Live Nation CEO Calls Staffer ‘Disgusting' for Bragging About Overcharging Customers, but They Remain Employed [Yahoo! Finance]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Live Nation CEO Michael Rapino called the staffer who bragged about overcharging customers “disgusting,” even though they remain employed, per media reports Rapino made a court appearance on Thursday where he shared his thoughts on his employees Ben Baker and Jeff Weinhold's internal remarks, both of whom have worked at the company as regional directors of ticketing. “It's disgusting. It's not the way we operate,” Rapino said, adding that he wasn't aware of the matter until their comments were revealed last week and that Baker — who boasted about “robbing” ticket buyers — hasn't been fired. He shared that he will “deal with” situation this week, but noted that “we don't fire easily.” Weinhold and Baker's Slack-based conversation was made public in New York's Southern District court last week. The pair discussed “price gouging” customers, calling them “so stupid” for purchasing tickets and other upgrades at inflated prices. One of the comments noted in the documents was from B Show less Read more
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