Mike Pence on Leadership and the Future of the Republican Party
Former US Vice President Mike Pence looks back on the events of January 6 2021, his final days in office with President Trump and his…
Thought Leader: Mike Pence
Barstool CEO Erika Ayers Badan Stepping Down After 8-Year Run
Erika Ayers Badan, chief executive officer of Barstool Sports, is stepping down to pursue other activities after eight years atop the controversial media company.
Ayers Badan will continue to help Barstool founder David Portnoy while “figuring out what I want to go build and do next,” she said in a video posted online. Barstool grew its revenue 50-fold over her tenure and its audience even more, she said.
“It exceed my wildest expectations and I’m so proud,” Ayers Badan said. “We grew the company into something I don’t think anybody ever thought possible. I feel like the work I came here to do was done.”
Portnoy sold the company to Penn Entertainment Inc. which used the brand to launch an online gambling business. But the founder was accused of sexual misconduct, generating controversy for himself and the company. Portnoy has denied the allegations.
Penn sold Barstool back to its founder for $1 last year, taking a loss of up to $850 million. Barstool lost $16.1 million on sales of $80.9 million over the first six months of 2023, Penn said in a filing. Penn is now offering sports betting under the ESPN brand.
Relevant and recent posts
Marc Short on U.S. Investment in Critical Minerals
Why do critical minerals matter now? Marc Short explains how U.S. investment in critical minerals fits into a broader strategy around economic security, manufacturing, and…
Thought Leader: Marc Short
Marc Short on AI Policy and the Government’s Role in Chip Technology Investment
On CNBC, Marc Short breaks down the role of AI policy and how government investment is shaping the future of chip technology. A former Chief…
Thought Leader: Marc Short
More with this speaker
Erika Ayers Badan: Control Is An Illusion
Thought Leader: Erika Ayers Badan