*AITA for not giving my son the same opportunity due to his choices?*
My wife regularly use Reddit and recommended me to post on here because our family is split on who is in the wrong. I 56m have 4 kids together with my wife 54f, we have 3 daughters, Chloe 32f, Wendela 30f and Emily 24f, we also have one son, Lucas 26m. Me and my wife have since the birth of each one of our kids put in monthly payments in a college fund for them. The amount in the funds was enough to cover for all four kid’s college education. Our kids all choose different paths in life, wether it was their degree, place of education or what type of school, they all went with something different. When our oldest, Chloe graduated high school, she talked to us about how she was unsure what she wanted to do with her life and had been thinking about taking a gap year. We talked with her and told her it was her choice, that if that was what she wanted she should do it and not rush in to education. She did take 2 years, during these years she worked and in an agreement with me and my wife payed us 250$ in rent each month to continue living with us. She still ate our food, we cooked for her and still bought her necessities. The 250$ were put in a savings account that we gave her access to when she and her now husband was beginning to talk about buying a house. Even though the situation was not the same with each kid, they all knew about this and the plan for how the money would be used. Wendela lived with us for 3 years after college, Emily lived with us during college. They both took part in this. The issue is with my son, he like his oldest sister wanted to take a gap year. We encouraged him to do so, he asked if he could stay with us. We told him yes, but told him about the rent situation. He was not happy with this, saying that he was our son and we should want him to live with us for how long he would need to. We explained what the money would be used for, he said he did not give a shit. He was very angry with us for a long time and ended up staying with a friend of his. This all happened around 8 years ago. We have a good relationship now with both him and his wife whom are excepting our first grandchild. He recently brought up how all his sisters got money to buy a house, showed me pics of a house that he and his wife had been looking at. I said it looked nice, to which he responded with asking when I could give him the money. I told him that he made a choice when he was 18 and that he would not receive any money, he said that it was unfair and that he was young and dumb and should not be punished for it. I told him that I did not have that kind of money to just give him. He left the house after arguing a bit more, my wife and his sisters all are on my side. However his wife and my mom have said that I am in the wrong and I should want my grand baby to have a place to live and should not punish him for mistakes he did as a young boy. AITA for not giving him the money? Edit: When each kid got access to the rent money, it was in a savings account. However, before it was put in a fund so the money grew. Explained it really bad, sorry. Edit: Many people have asked about this so I add it here, he did go to college, I was at his graduation and he uses his degree today. What the four of them choose to do with their college fund was up to them, but from my understanding they all uses it for college. If they did not, then they did not. I have never asked any of them for proof of what the money was used for, so that is my I can’t say with a hundred percent certainty that it did go towards their education. submitted by /u/Odd_Version_1196 to r/AmItheAsshole [link] [comments]
[Read more...](https://www.reddit.com/r/AmItheAsshole/comments/17oprlx/aita_for_not_giving_my_son_the_same_opportunity/)
My wife regularly use Reddit and recommended me to post on here because our family is split on who is in the wrong. I 56m have 4 kids together with my wife 54f, we have 3 daughters, Chloe 32f, Wendela 30f and Emily 24f, we also have one son, Lucas 26m. Me and my wife have since the birth of each one of our kids put in monthly payments in a college fund for them. The amount in the funds was enough to cover for all four kid’s college education. Our kids all choose different paths in life, wether it was their degree, place of education or what type of school, they all went with something different. When our oldest, Chloe graduated high school, she talked to us about how she was unsure what she wanted to do with her life and had been thinking about taking a gap year. We talked with her and told her it was her choice, that if that was what she wanted she should do it and not rush in to education. She did take 2 years, during these years she worked and in an agreement with me and my wife payed us 250$ in rent each month to continue living with us. She still ate our food, we cooked for her and still bought her necessities. The 250$ were put in a savings account that we gave her access to when she and her now husband was beginning to talk about buying a house. Even though the situation was not the same with each kid, they all knew about this and the plan for how the money would be used. Wendela lived with us for 3 years after college, Emily lived with us during college. They both took part in this. The issue is with my son, he like his oldest sister wanted to take a gap year. We encouraged him to do so, he asked if he could stay with us. We told him yes, but told him about the rent situation. He was not happy with this, saying that he was our son and we should want him to live with us for how long he would need to. We explained what the money would be used for, he said he did not give a shit. He was very angry with us for a long time and ended up staying with a friend of his. This all happened around 8 years ago. We have a good relationship now with both him and his wife whom are excepting our first grandchild. He recently brought up how all his sisters got money to buy a house, showed me pics of a house that he and his wife had been looking at. I said it looked nice, to which he responded with asking when I could give him the money. I told him that he made a choice when he was 18 and that he would not receive any money, he said that it was unfair and that he was young and dumb and should not be punished for it. I told him that I did not have that kind of money to just give him. He left the house after arguing a bit more, my wife and his sisters all are on my side. However his wife and my mom have said that I am in the wrong and I should want my grand baby to have a place to live and should not punish him for mistakes he did as a young boy. AITA for not giving him the money? Edit: When each kid got access to the rent money, it was in a savings account. However, before it was put in a fund so the money grew. Explained it really bad, sorry. Edit: Many people have asked about this so I add it here, he did go to college, I was at his graduation and he uses his degree today. What the four of them choose to do with their college fund was up to them, but from my understanding they all uses it for college. If they did not, then they did not. I have never asked any of them for proof of what the money was used for, so that is my I can’t say with a hundred percent certainty that it did go towards their education. submitted by /u/Odd_Version_1196 to r/AmItheAsshole [link] [comments]
[Read more...](https://www.reddit.com/r/AmItheAsshole/comments/17oprlx/aita_for_not_giving_my_son_the_same_opportunity/)
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AITA for not giving my son the same opportunity due to his choices?
My wife regularly use Reddit and recommended me to post on here because our family is split on who is in the wrong. I 56m have 4 kids together with my wife 54f, we have 3 daughters, Chloe 32f, Wendela 30f and Emily 24f, we also have one son, Lucas 26m. Me and my wife have since the birth of each one of our kids put in monthly payments in a college fund for them. The amount in the funds was enough to cover for all four kid’s college education. Our kids all choose different paths in life, wether it was their degree, place of education or what type of school, they all went with something different. When our oldest, Chloe graduated high school, she talked to us about how she was unsure what she wanted to do with her life and had been thinking about taking a gap year. We talked with her and told her it was her choice, that if that was what she wanted she should do it and not rush in to education. She did take 2 years, during these years she worked and in an agreement with me and my wife payed us 250$ in rent each month to continue living with us. She still ate our food, we cooked for her and still bought her necessities. The 250$ were put in a savings account that we gave her access to when she and her now husband was beginning to talk about buying a house. Even though the situation was not the same with each kid, they all knew about this and the plan for how the money would be used. Wendela lived with us for 3 years after college, Emily lived with us during college. They both took part in this. The issue is with my son, he like his oldest sister wanted to take a gap year. We encouraged him to do so, he asked if he could stay with us. We told him yes, but told him about the rent situation. He was not happy with this, saying that he was our son and we should want him to live with us for how long he would need to. We explained what the money would be used for, he said he did not give a shit. He was very angry with us for a long time and ended up staying with a friend of his. This all happened around 8 years ago. We have a good relationship now with both him and his wife whom are excepting our first grandchild. He recently brought up how all his sisters got money to buy a house, showed me pics of a house that he and his wife had been looking at. I said it looked nice, to which he responded with asking when I could give him the money. I told him that he made a choice when he was 18 and that he would not receive any money, he said that it was unfair and that he was young and dumb and should not be punished for it. I told him that I did not have that kind of money to just give him. He left the house after arguing a bit more, my wife and his sisters all are on my side. However his wife and my mom have said that I am in the wrong and I should want my grand baby to have a place to live and should not punish him for mistakes he did as a young boy. AITA for not giving him the money? Edit: When each kid got access to the rent money, it was in a savings account. However, before it was put in a fund so the money grew. Explained it really bad, sorry. Edit: Many people have asked about this so I add it here, he did go to college, I was at his graduation and he uses his degree today. What the four of them choose to do with their college fund was up to them, but from my understanding they all uses it for college. If they did not, then they did not. I have never asked any of them for proof of what the money was used for, so that is my I can’t say with a hundred percent certainty that it did go towards their education. submitted by /u/OddVersion1196 to r/AmItheAsshole link comments
Read more...
My wife regularly use Reddit and recommended me to post on here because our family is split on who is in the wrong. I 56m have 4 kids together with my wife 54f, we have 3 daughters, Chloe 32f, Wendela 30f and Emily 24f, we also have one son, Lucas 26m. Me and my wife have since the birth of each one of our kids put in monthly payments in a college fund for them. The amount in the funds was enough to cover for all four kid’s college education. Our kids all choose different paths in life, wether it was their degree, place of education or what type of school, they all went with something different. When our oldest, Chloe graduated high school, she talked to us about how she was unsure what she wanted to do with her life and had been thinking about taking a gap year. We talked with her and told her it was her choice, that if that was what she wanted she should do it and not rush in to education. She did take 2 years, during these years she worked and in an agreement with me and my wife payed us 250$ in rent each month to continue living with us. She still ate our food, we cooked for her and still bought her necessities. The 250$ were put in a savings account that we gave her access to when she and her now husband was beginning to talk about buying a house. Even though the situation was not the same with each kid, they all knew about this and the plan for how the money would be used. Wendela lived with us for 3 years after college, Emily lived with us during college. They both took part in this. The issue is with my son, he like his oldest sister wanted to take a gap year. We encouraged him to do so, he asked if he could stay with us. We told him yes, but told him about the rent situation. He was not happy with this, saying that he was our son and we should want him to live with us for how long he would need to. We explained what the money would be used for, he said he did not give a shit. He was very angry with us for a long time and ended up staying with a friend of his. This all happened around 8 years ago. We have a good relationship now with both him and his wife whom are excepting our first grandchild. He recently brought up how all his sisters got money to buy a house, showed me pics of a house that he and his wife had been looking at. I said it looked nice, to which he responded with asking when I could give him the money. I told him that he made a choice when he was 18 and that he would not receive any money, he said that it was unfair and that he was young and dumb and should not be punished for it. I told him that I did not have that kind of money to just give him. He left the house after arguing a bit more, my wife and his sisters all are on my side. However his wife and my mom have said that I am in the wrong and I should want my grand baby to have a place to live and should not punish him for mistakes he did as a young boy. AITA for not giving him the money? Edit: When each kid got access to the rent money, it was in a savings account. However, before it was put in a fund so the money grew. Explained it really bad, sorry. Edit: Many people have asked about this so I add it here, he did go to college, I was at his graduation and he uses his degree today. What the four of them choose to do with their college fund was up to them, but from my understanding they all uses it for college. If they did not, then they did not. I have never asked any of them for proof of what the money was used for, so that is my I can’t say with a hundred percent certainty that it did go towards their education. submitted by /u/OddVersion1196 to r/AmItheAsshole link comments
Read more...
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*Had police called on me and my son for playing Pokémon go*
Ok, me and my son haven't gone on a Pokémon walk in a while, so we decided to walk and play. Immediately as we attack a gym, a lady pulls up in her car, demands to know what we're doing. I say we're playing Pokémon. She says thats impossible because she knows everyone who plays. I say thats nice, please leave us alone. She parks 20 feet away. Watching us. We ignore her and continue along the park playing. She is slowly driving behind us, 20 feet back. So we get to the next gym, start battling, she walks up, says if we dont stop attacking HER gym, shes gonna call the cops. I said thanks karen and ignored her. We walk on, playing Pokémon... then the police show up. They just watched for a min, seeing us playing Pokémon, seeing her drive near us. So... police walk up at same time karen walks up, karen Immediately starts yelling at us, police ask her, why did you call? These two are not breaking any laws. She has the audacity to say "well maybe they were planning on damaging stuff" the police tell her to leave and told us to have a great night. I got the police part on video!!! Lol.. so in retrospect, im mildly infuriated because my Pokémon fun time was interrupted by a karen. submitted by /u/Peet_Pann to r/mildlyinfuriating [link] [comments]
[Read more...](https://www.reddit.com/r/mildlyinfuriating/comments/17oyas2/had_police_called_on_me_and_my_son_for_playing/)
Ok, me and my son haven't gone on a Pokémon walk in a while, so we decided to walk and play. Immediately as we attack a gym, a lady pulls up in her car, demands to know what we're doing. I say we're playing Pokémon. She says thats impossible because she knows everyone who plays. I say thats nice, please leave us alone. She parks 20 feet away. Watching us. We ignore her and continue along the park playing. She is slowly driving behind us, 20 feet back. So we get to the next gym, start battling, she walks up, says if we dont stop attacking HER gym, shes gonna call the cops. I said thanks karen and ignored her. We walk on, playing Pokémon... then the police show up. They just watched for a min, seeing us playing Pokémon, seeing her drive near us. So... police walk up at same time karen walks up, karen Immediately starts yelling at us, police ask her, why did you call? These two are not breaking any laws. She has the audacity to say "well maybe they were planning on damaging stuff" the police tell her to leave and told us to have a great night. I got the police part on video!!! Lol.. so in retrospect, im mildly infuriated because my Pokémon fun time was interrupted by a karen. submitted by /u/Peet_Pann to r/mildlyinfuriating [link] [comments]
[Read more...](https://www.reddit.com/r/mildlyinfuriating/comments/17oyas2/had_police_called_on_me_and_my_son_for_playing/)
Reddit
From the mildlyinfuriating community on Reddit: Had police called on me and my son for playing Pokémon go
Posted by Peet_Pann - 14,179 votes and 713 comments
Had police called on me and my son for playing Pokémon go
Ok, me and my son haven't gone on a Pokémon walk in a while, so we decided to walk and play. Immediately as we attack a gym, a lady pulls up in her car, demands to know what we're doing. I say we're playing Pokémon. She says thats impossible because she knows everyone who plays. I say thats nice, please leave us alone. She parks 20 feet away. Watching us. We ignore her and continue along the park playing. She is slowly driving behind us, 20 feet back. So we get to the next gym, start battling, she walks up, says if we dont stop attacking HER gym, shes gonna call the cops. I said thanks karen and ignored her. We walk on, playing Pokémon... then the police show up. They just watched for a min, seeing us playing Pokémon, seeing her drive near us. So... police walk up at same time karen walks up, karen Immediately starts yelling at us, police ask her, why did you call? These two are not breaking any laws. She has the audacity to say "well maybe they were planning on damaging stuff" the police tell her to leave and told us to have a great night. I got the police part on video!!! Lol.. so in retrospect, im mildly infuriated because my Pokémon fun time was interrupted by a karen. submitted by /u/PeetPann to r/mildlyinfuriating [link] [comments]
[Read more...](https://www.reddit.com/r/mildlyinfuriating/comments/17oyas2/hadpolicecalledonmeandmysonforplaying/)
Ok, me and my son haven't gone on a Pokémon walk in a while, so we decided to walk and play. Immediately as we attack a gym, a lady pulls up in her car, demands to know what we're doing. I say we're playing Pokémon. She says thats impossible because she knows everyone who plays. I say thats nice, please leave us alone. She parks 20 feet away. Watching us. We ignore her and continue along the park playing. She is slowly driving behind us, 20 feet back. So we get to the next gym, start battling, she walks up, says if we dont stop attacking HER gym, shes gonna call the cops. I said thanks karen and ignored her. We walk on, playing Pokémon... then the police show up. They just watched for a min, seeing us playing Pokémon, seeing her drive near us. So... police walk up at same time karen walks up, karen Immediately starts yelling at us, police ask her, why did you call? These two are not breaking any laws. She has the audacity to say "well maybe they were planning on damaging stuff" the police tell her to leave and told us to have a great night. I got the police part on video!!! Lol.. so in retrospect, im mildly infuriated because my Pokémon fun time was interrupted by a karen. submitted by /u/PeetPann to r/mildlyinfuriating [link] [comments]
[Read more...](https://www.reddit.com/r/mildlyinfuriating/comments/17oyas2/hadpolicecalledonmeandmysonforplaying/)
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From the mildlyinfuriating community on Reddit: Had police called on me and my son for playing Pokémon go
Posted by Peet_Pann - 14,179 votes and 713 comments
*I’m a man who was sexually assaulted, and the police took it seriously and treated me with dignity and respect*
I’ve been mulling over whether to talk about this or not, and I decided it’s important to share what happened incase other men are in the same situation. If you saw me you’d think I’m the last person who’d be sexually assaulted,. I’m 6’1 overweight, with an unkempt beard. The man who assaulted me was much smaller, yet he paralysed me in a way I’d never experienced. I was emasculated and intimidated, and felt degraded and embarrassed. The man who assaulted me was an Uber driver delivering food, I was friendly with him so I think he thought I was hitting on him. However my friendless was not an invitation to be violated. The reason I’m sharing this is because I want men to know that everyone you report this crime too will take it very seriously. Uber immediately refunded my order, cancelled the drivers account and had a team standing by to liaise with the police. The detective Sargent who was investigating the incident continually reiterated how important it was that I contacted police. If he was so cavalier with a man like me, what’s he going to be like with someone he can physically intimidate? At every step the QLD police validated my concerns, treated me with dignity, and understood how difficult it was to make a statement. Ultimately there wasn’t enough evidence for prosecution, but he’s on the police’s radar if something happens again in the future. They offered continued counselling and emotional support through the whole process. Men, if this happens to you, you’re not a coward for keeping it to yourself. Just know our system stands ready to punish the offenders and take your power back. And, just personally, if any men need someone to talk to about this you can message me anytime. submitted by /u/Tabnam to r/australia [link] [comments]
[Read more...](https://www.reddit.com/r/australia/comments/17oydsi/im_a_man_who_was_sexually_assaulted_and_the/)
I’ve been mulling over whether to talk about this or not, and I decided it’s important to share what happened incase other men are in the same situation. If you saw me you’d think I’m the last person who’d be sexually assaulted,. I’m 6’1 overweight, with an unkempt beard. The man who assaulted me was much smaller, yet he paralysed me in a way I’d never experienced. I was emasculated and intimidated, and felt degraded and embarrassed. The man who assaulted me was an Uber driver delivering food, I was friendly with him so I think he thought I was hitting on him. However my friendless was not an invitation to be violated. The reason I’m sharing this is because I want men to know that everyone you report this crime too will take it very seriously. Uber immediately refunded my order, cancelled the drivers account and had a team standing by to liaise with the police. The detective Sargent who was investigating the incident continually reiterated how important it was that I contacted police. If he was so cavalier with a man like me, what’s he going to be like with someone he can physically intimidate? At every step the QLD police validated my concerns, treated me with dignity, and understood how difficult it was to make a statement. Ultimately there wasn’t enough evidence for prosecution, but he’s on the police’s radar if something happens again in the future. They offered continued counselling and emotional support through the whole process. Men, if this happens to you, you’re not a coward for keeping it to yourself. Just know our system stands ready to punish the offenders and take your power back. And, just personally, if any men need someone to talk to about this you can message me anytime. submitted by /u/Tabnam to r/australia [link] [comments]
[Read more...](https://www.reddit.com/r/australia/comments/17oydsi/im_a_man_who_was_sexually_assaulted_and_the/)
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I’m a man who was sexually assaulted, and the police took it seriously and treated me with dignity and respect
I’ve been mulling over whether to talk about this or not, and I decided it’s important to share what happened incase other men are in the same situation. If you saw me you’d think I’m the last person who’d be sexually assaulted,. I’m 6’1 overweight, with an unkempt beard. The man who assaulted me was much smaller, yet he paralysed me in a way I’d never experienced. I was emasculated and intimidated, and felt degraded and embarrassed. The man who assaulted me was an Uber driver delivering food, I was friendly with him so I think he thought I was hitting on him. However my friendless was not an invitation to be violated. The reason I’m sharing this is because I want men to know that everyone you report this crime too will take it very seriously. Uber immediately refunded my order, cancelled the drivers account and had a team standing by to liaise with the police. The detective Sargent who was investigating the incident continually reiterated how important it was that I contacted police. If he was so cavalier with a man like me, what’s he going to be like with someone he can physically intimidate? At every step the QLD police validated my concerns, treated me with dignity, and understood how difficult it was to make a statement. Ultimately there wasn’t enough evidence for prosecution, but he’s on the police’s radar if something happens again in the future. They offered continued counselling and emotional support through the whole process. Men, if this happens to you, you’re not a coward for keeping it to yourself. Just know our system stands ready to punish the offenders and take your power back. And, just personally, if any men need someone to talk to about this you can message me anytime. submitted by /u/Tabnam to r/australia link comments
Read more...
I’ve been mulling over whether to talk about this or not, and I decided it’s important to share what happened incase other men are in the same situation. If you saw me you’d think I’m the last person who’d be sexually assaulted,. I’m 6’1 overweight, with an unkempt beard. The man who assaulted me was much smaller, yet he paralysed me in a way I’d never experienced. I was emasculated and intimidated, and felt degraded and embarrassed. The man who assaulted me was an Uber driver delivering food, I was friendly with him so I think he thought I was hitting on him. However my friendless was not an invitation to be violated. The reason I’m sharing this is because I want men to know that everyone you report this crime too will take it very seriously. Uber immediately refunded my order, cancelled the drivers account and had a team standing by to liaise with the police. The detective Sargent who was investigating the incident continually reiterated how important it was that I contacted police. If he was so cavalier with a man like me, what’s he going to be like with someone he can physically intimidate? At every step the QLD police validated my concerns, treated me with dignity, and understood how difficult it was to make a statement. Ultimately there wasn’t enough evidence for prosecution, but he’s on the police’s radar if something happens again in the future. They offered continued counselling and emotional support through the whole process. Men, if this happens to you, you’re not a coward for keeping it to yourself. Just know our system stands ready to punish the offenders and take your power back. And, just personally, if any men need someone to talk to about this you can message me anytime. submitted by /u/Tabnam to r/australia link comments
Read more...
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*I learn something today (source: @Mercury_Stardust on YT)*
submitted by /u/Careful_Cup4484 to r/Damnthatsinteresting [link] [comments]
[Read more...](https://www.reddit.com/r/Damnthatsinteresting/comments/17oyjqp/i_learn_something_today_source_mercury_stardust/)
submitted by /u/Careful_Cup4484 to r/Damnthatsinteresting [link] [comments]
[Read more...](https://www.reddit.com/r/Damnthatsinteresting/comments/17oyjqp/i_learn_something_today_source_mercury_stardust/)
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From the Damnthatsinteresting community on Reddit: I learn something today (source: @Mercury_Stardust on YT)
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*Почему не работает мобильный интернет и что с этим делать*
Часть ошибок можно исправить парой кликов в настройках.
[Read more...](https://lifehacker.ru/pochemu-ne-rabotaet-mobilnyj-internet/)
Часть ошибок можно исправить парой кликов в настройках.
[Read more...](https://lifehacker.ru/pochemu-ne-rabotaet-mobilnyj-internet/)
*Знаки отличия и*
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Forma-Odezhda
Знаки отличия и награды на форме МВД РФ
Узнайте о Знаки отличия и награды на форме МВД РФ в энциклопедии магазина Форма одежды.
Знаки отличия и
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Forma-Odezhda
Знаки отличия и награды на форме МВД РФ
Узнайте о Знаки отличия и награды на форме МВД РФ в энциклопедии магазина Форма одежды.
*Национальная*
via forma full 5 https://ift.tt/l0oX2sI Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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Национальная гвардия РФ (Росгвардия)
Узнайте о Национальная гвардия РФ (Росгвардия) в энциклопедии магазина Форма одежды.
Национальная
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Национальная гвардия РФ (Росгвардия)
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*Аксельбант*
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Аксельбант
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Аксельбант
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Аксельбант
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*I Tried Joanna Gaines’ Clever Centerpiece Hack and I'm Never Going Back*
You can easily customize it for any occasion! READ MORE...
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*Военизированная*
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Военизированная охрана
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Военизированная
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Военизированная охрана
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*Погоны в Царской*
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Погоны в Царской армии
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Погоны в Царской
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Погоны в Царской армии
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*PepsiCo CFO Hugh Johnston Leaving for Disney amid big changes at media giant*
PepsiCo PEP shares slipped lower Monday after the drinks and snacks group said long-serving CFO Hugh Johnston would leave the group to take a similar role at media and entertainment giant Disney DIS. Johnston, who has been finance chief at PepsiCo since 2010, and served the group since 1987, will leave at the end of the month an assume the CFO role at Disney. He'll be replaced by current PepsiCo Foods North American CFO Jamie Caulfield. Disney has been without a CFO since the departure of veteran finance boss Christine McCarthy, who stepped down following a family medical leave in June. McCarthy, whom CEO Bog Iger called "one of the most admired financial executives in America", has been serving as a consultant to the firm during its transition. "Hugh's legacy will be with us for decades to come. He has exemplified and epitomized the leadership qualities which PepsiCo has nurtured for generations," said PepsiCo CEO Ramon Laguarta. "Under his financial leadership the company has transformed significantly, and he has been a strong partner to me for many years." "I will miss his calm guidance as well as his people-first and empathetic leadership qualities. Hugh goes on to the next stage of his career with all our best wishes," he added. PepsiCo shares were marked 0.7% lower in pre-market trading following news of Johnson's departure to indicate an opening bell price of $166.00 each. Disney shares, meanwhile, were marked 0.2% higher at $85.23 each. Disney, which reports its September quarter earnings Wednesday, is going through a host of significant changes under Iger's extended interim leadership, including the purchase of the remaining stake in streaming platform Hulu, and plans to double its theme park investments to more than $60 billion over the next ten years. The group is also facing a stepped-up battle from billionaire activist investor Nelson Peltz, who is now reportedly working with the support of former Disney executive Isaac Perlmutter, for seats on the entertainment giant's board. Peltz and Trian abandoned their proxy fight in February after Disney CEO Bob Iger said "everything’s on the table right now" with respect to the group's 66% stake in Hulu after Peltz said Disney should either buy the entire platform or exit streaming altogether. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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PepsiCo PEP shares slipped lower Monday after the drinks and snacks group said long-serving CFO Hugh Johnston would leave the group to take a similar role at media and entertainment giant Disney DIS. Johnston, who has been finance chief at PepsiCo since 2010, and served the group since 1987, will leave at the end of the month an assume the CFO role at Disney. He'll be replaced by current PepsiCo Foods North American CFO Jamie Caulfield. Disney has been without a CFO since the departure of veteran finance boss Christine McCarthy, who stepped down following a family medical leave in June. McCarthy, whom CEO Bog Iger called "one of the most admired financial executives in America", has been serving as a consultant to the firm during its transition. "Hugh's legacy will be with us for decades to come. He has exemplified and epitomized the leadership qualities which PepsiCo has nurtured for generations," said PepsiCo CEO Ramon Laguarta. "Under his financial leadership the company has transformed significantly, and he has been a strong partner to me for many years." "I will miss his calm guidance as well as his people-first and empathetic leadership qualities. Hugh goes on to the next stage of his career with all our best wishes," he added. PepsiCo shares were marked 0.7% lower in pre-market trading following news of Johnson's departure to indicate an opening bell price of $166.00 each. Disney shares, meanwhile, were marked 0.2% higher at $85.23 each. Disney, which reports its September quarter earnings Wednesday, is going through a host of significant changes under Iger's extended interim leadership, including the purchase of the remaining stake in streaming platform Hulu, and plans to double its theme park investments to more than $60 billion over the next ten years. The group is also facing a stepped-up battle from billionaire activist investor Nelson Peltz, who is now reportedly working with the support of former Disney executive Isaac Perlmutter, for seats on the entertainment giant's board. Peltz and Trian abandoned their proxy fight in February after Disney CEO Bob Iger said "everything’s on the table right now" with respect to the group's 66% stake in Hulu after Peltz said Disney should either buy the entire platform or exit streaming altogether. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/pepsico-cfo-hugh-johnston-leaving-for-disney-amid-big-changes-at-media-giant)
TheStreet
PepsiCo CFO Hugh Johnston Leaving for Disney amid big changes at media giant
PepsiCo's veteran CFO Hugh Johnson will take on the finance chief role at Disney as the media and entertainment giant faces major changes under the interim leadership of CEO Bog Iger.