Kohl’s Sends Letter to Shareholders Highlighting Board Leadership and Robust Process

The United States Postal Service reported new delivery performance metrics for the 13th week of the second quarter for fiscal year 2023 showing consistent or improved delivery performance across all mail categories. The average time for the Postal Service to deliver a mailpiece or package across the nation remained at just 2.5 days. FY23 second quarter service performance scores covering Jan. 1 through March 31, included: *First-Class Mail: 91.0% of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Marketing Mail: 94.6% of Marketing Mail delivered on time against the USPS service standard, an increase of 0.7 percentage point from the fiscal first quarter. *Periodicals: 86.6% of Periodicals delivered on time against the USPS service standard, an increase of 1.9 percentage points from the fiscal first quarter.

Costco Wholesale Corporation announced that Craig Jelinek has confirmed his intention to step down as Chief Executive Officer, effective January 1, 2024. The Board of Directors has elected Ron Vachris, President and Chief Operating Officer since February 2022, as President and Chief Executive Officer, effective January 1, 2024. Craig and Ron have worked hand in hand over the last twenty-one months in Ron's role as president and for many years before that. This is the culmination of the long-standing succession plan that Craig has discussed with the Board. Ron is a Costco veteran, with over forty years of service to the Company, starting as a forklift driver, and subsequently serving in every major role related to Costco's business operations and merchandising activities. "Costco has a very strong culture and a deep bench of management talent," said Craig Jelinek. "I have total confidence in Ron and feel that we are fortunate as a Company to have an executive of his caliber to succeed me."

Media mogul Barry Diller reiterated that he and other top publishers are prepared to take legal action over use of copyrighted works to train AI systems. Diller, the chair of Dotdash Meredith parent IAC, said on TV this week that tech firms like Google and Microsoft claim the “the fair use doctrine of copyright law allows them to suck up all this stuff,” according to The Hill. He added, “Of course, say we’re open to commercial agreements. But on the side of those people who are depending upon advertising, Google, for instance, they say, ‘Yes, we’ll give you a revenue share. Right now, the revenue share is zero. So, what percent of zero would you like today?”