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Steve Poteet named outstanding Engineer of the Year and more business news

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February 23, 2021
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Steve Poteet named outstanding Engineer of the Year and more business news
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Steve Poteet named high Engineer of 2021

Steve Poteet, a mechanical engineer who has labored for the Tennessee Valley Authority and HDR for greater than three a long time, was awarded the very best honor Monday by the Chattanooga Engineers Membership through the begin of the membership’s annual Engineer Week celebrations.

Poteet, who serves because the 2021 president of the Chattanooga Engineer Membership, was offered the Excellent Engineer of the 12 months award for this yr

Poteet is a senior mission supervisor at HDR the place he has labored for over 11 years. Beforehand he has 30 years of hydro and fossil energy expertise with TVA.

Poteet graduated from UTC with a BS and MS in Mechanical Engineering and has been a previous chairman of ASME Chattanooga.

The Engineers Membership additionally acknowledged Larry Stanley as its Technician of the 12 months, Denise Rice of Peak Efficiency as its Individuals to Individuals Award winner and Akram Saad, a UTC engineering scholar from Sudan, as its Younger Engineer of the 12 months.

 

Kohl’s fights board modifications by buyers

Kohl’s is combating again in opposition to an investor group’s efforts to take management of the division retailer chain’s board, arguing that it could derail its progress and momentum.

The response, issued Monday, comes after the investor group mentioned it had nominated 9 members for Kohl’s board of administrators because it seems to be to spice up the corporate’s inventory and its monetary efficiency. The group owns a 9.5% stake in Kohl’s.

In a letter to shareholders made public on Monday, the investor group mentioned Kohl’s hasn’t stored up with the fast-changing retail panorama and wishes to chop its stock, repair its retailer label assortment, minimize bills and enhance its app and web site amongst different issues.

The investor group is made up of Macellum Advisors, Ancora Holdings, Legion Companions Asset Administration and 4010 Capital.

Kohl’s confronted challenges even earlier than the pandemic compelled the chain and its friends to shut quickly final spring. The retailer was wrestling with growing competitors from on-line gamers like Amazon and discounters like Goal and Walmart, each of which have been sprucing up their assortments.

However the pandemic has accelerated buyers’ shift on-line and elevated the dominance of shops like Walmart, which provide one-stop buying. The division retailer chain has mentioned that expects to report that its most-recent quarter noticed one other steep drop in gross sales at shops opened at the very least a yr, a key measure of a retailer’s well being.

The investor group mentioned it believes that Kohl’s issues are fixable, however would require a high-powered board with related experience and expertise that “doesn’t draw back from its oversight function and can maintain administration accountable.”

 

Jeep below stress to drop Cherokee title

Is it time for Jeep to place a brand new title on its Cherokee and Grand Cherokee SUVs?

The principal chief of the Cherokee Nation thinks so.

“I am certain this comes from a spot that’s well-intended, but it surely doesn’t honor us by having our title plastered on the aspect of a automobile,” Chuck Hoskin Jr., principal chief of the Cherokee Nation, instructed Automotive and Driver.

Hoskin instructed the Free Press he responded on the subject after the journal reached out to ask about it. He and his employees, he mentioned, don’t search out examples of problematic caricatures and depictions of Native Individuals, though there are lots of, however he’ll proceed to touch upon these points if requested about it.

“Our proud title shouldn’t be a company advertising instrument,” Hoskin mentioned. “Our title dates again to earlier than recorded historical past. It is in opposition to all odds that we’re even right here. Our title is invaluable to us as a part of our id. … In 2021, it appears wholly inappropriate for a company to proceed to make a revenue off our id.”

 

Microsoft, EU publishers need cost for information

Microsoft is teaming up with European publishers to push for a system to make large tech platforms pay for information.

The transfer raises the stakes within the brewing battle over whether or not Google and Fb ought to pay for journalism. The U.S. tech large and 4 large European Union information trade lobbying teams unveiled their plan Monday to work collectively to provide you with an answer to “mandate funds” to be used of reports content material from on-line “gatekeepers with dominant market energy.”

They mentioned they may “take inspiration” from proposed laws in Australia to drive tech platforms to share income with information corporations and which incorporates an arbitration system to resolve disputes over a good worth for information.



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