Battle Over Tony Hsieh’s Fortune | The Future Of Fox | America’s Best Employers

Plus: Billionaire Beau Wrigley Says His Cannabis Company Will Be Bigger Than The Family Candy Business

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The management of the late Tony Hsieh’s investments is the subject of a new lawsuit. We also look at what the future holds for the Fox Corporation and at which American companies—large and midsize—are best loved by their employees.

In The News Today

Former President Donald Trump was reportedly unhappy with the performance of one of his impeachment lawyers in his second impeachment trial—one GOP Senator even voted with the Democrats because it was “the side that did the good job.”

South Africa has dropped plans to roll out the Oxford-AstraZeneca Covid-19 vaccine and is considering administering the Johnson & Johnson vaccine—yet to be approved—to frontline healthcare workers.

Top Take-Aways

The late Tony Hsieh left no will, leaving his father and brother to manage his estimated $840 million estate. They were both named in a lawsuit from one of the Zappos CEO’s longtime business partners for breaching contracts relating to her management of Hsieh’s investments.

Germany counts two new billionaires following last week’s IPO of used car marketplace Auto1. After going public, the Berlin-based startup has a market capitalization of $10.5 billion—its founders Hakan Koç and Christian Bertermann each own around 12% of the company.

Fox News dominated ratings during the Trump presidency, but the network’s performance has slumped lately. Fox Corp. CEO Lachlan Murdoch believes a return to dominance will be achieved by targeting center-right audiences.

The U.S.’ largest union for food and retail workers says supermarket chains have yet to provide frontline employees with adequate job protection, including hazard pay and vaccine access, as rates of Covid-19 deaths and infections among those workers are on the rise.

A new report accuses North Korean hackers of carrying out last year’s biggest cryptocurrency theft. The $275 million crypto heist is feared to be funding the country’s nuclear initiatives.

The NBA’s average team values are up 4%, the smallest gain since 2010, but the basketball league’s financial outlook is still bright. Every team in the NBA delivered positive operating income, by Forbes’ count, with the Warriors posting a record $200 million.

To compile the annual ranking of America’s best employers, Forbes partnered with market research company Statista to pinpoint the companies liked best by employees. The result: a list for the top large companies with more than 5,000 U.S. employees, and one for top midsize companies, with 1,000 to 5,000. 

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