Matthew Dolan and David Jesse Detroit Free Press Published 2:58 p.m. UTC Aug 3, 2018 The wealthy family who helped bankroll the University of Michigan football team's recent overseas trip has received more than $100 million in investments from the university, according to a review of hundreds of U-M records. U-M's endowment has invested a total of $102 million in four private equity funds run by the son of U-M alumnus and mega-donor Donald Graham. Graham and his family foundation have donated more than $60 million to Michigan, including paying for half of the estimated $800,000 cost of the Wolverines' trip to France last spring, organized by coach Jim Harbaugh. It is the kind of financial back-and-forth that has troubled critics worried about how large donations to U-M and other elite universities could influence investment decisions worth billions of dollars. "This case raises questions about a conflict of interest. Is … [Read more...] about Michigan football saw Paris. The donor’s family scored millions
Arizona mega millions
Marc Daalder Detroit Free Press Published 1:12 p.m. UTC Jul 25, 2018 A Mega Millions lottery ticket worth $1 million was sold in Detroit, according to the Michigan State Lottery. The winning ticket had the numbers 1, 2, 4, 19, and 29. It was purchased at Dynasty Liquor (8910 Puritan St.) in Detroit. Two $10,000 tickets were also sold in metro Detroit. One was bought at the Way Station on Main Street in Plymouth and the other was bought at the Kroger on Dequindre in Warren. Meanwhile, the $522-million jackpot-winning ticket was sold in California. The ticket was purchased at Ernie's Liquors in San Jose. Also on freep.com: Sergio Marchionne, who saved Chrysler and Fiat, dies at 66 Rep: Demi Lovato is 'awake and with her family' after possible overdose The $1-million ticket in Detroit is one of several million-dollar tickets sold around the country. There are 7 winners in Massachusetts, New Jersey, Texas, Minnesota and Arizona that also won between $1-3 … [Read more...] about Mega Millions lottery ticket worth $1 million sold in Detroit
Now that the Minnesota Vikings have extended the contract of the first of their core potential free agents, linebacker Eric Kendricks last week for $50 million for five years, negotiations for defensive end Danielle Hunter could become very interesting. So much that it could take designating a franchise tag on Hunter if a mega-contract agreement can’t be reached. The 6-foot-6, 240-pound Hunter, who has had 25.5 sacks in his first three seasons in Minnesota, doesn’t turn 24 until October. Talent that young is hard to find in the NFL, making Hunter’s value as a potential free agent after the coming season in the $15 million per year range. That’s more than Vikings defensive end Everson Griffen’s $14.5 million per season average. Franchising Hunter for the 2019 season could cost the Vikings about $18 million. The team can’t afford to let him go. Kendricks’ $50 million deal could turn out to be the least expensive of the Vikings’ other … [Read more...] about Charley Walters: Will Vikings’ Danielle Hunter get franchise tag?
source Joi Ito/Flickr When a tech company reaches a certain level of success, the names of the founders often become synonymous with the brand they create. At least, that’s the case with founders who are the “face” of the company. Still, we tend to forget that Steve Jobs, Travis Kalanick, and Bill Gates, didn’t create Apple, Uber, and Microsoft alone. On the contrary, these companies might not exist in the same capacity if it weren’t for the co-founders who fly under the radar because they chose to steer clear of the spotlight, or because the pressures brought on by the early years of a quickly-growing company pushed them away. Many of these same people have moved on to create even more multi-million dollar ideas, while others left for a life of philanthropy, or pursued another passion. Here are the lesser known co-founders who helped create some of the biggest tech companies you definitely know: Apple … [Read more...] about 23 lesser-known cofounders of the biggest tech companies, and where they are now
Legacy mega-brands like McDonald’s, KFC, and Burger King have dominated the fast food industry for decades. But within the last few years, many American consumers have shown a growing interest in healthier fast food that incorporates more low-calorie ingredients and fresh produce while remaining convenient and affordable. In late 2016, top food executives from PepsiCo and Campbell Soup Company told Fortune that cleaner food is not just a trend, but a movement. And that shift is spilling over into the fast food market too, forcing legacy chains to try to keep up. In the last four years, Taco Bell has pledged to cut artificial ingredients and use cage-free eggs, and has introduced a lower-calorie menu. McDonald’s has worked with dietitians, removed antibiotics from its chicken, and added more salads to its menu. But new healthy fast food chains are also seizing the opportunity to compete with legacy brands, creating low-calorie menus for similar … [Read more...] about 10 up-and-coming healthy fast food chains that should scare McDonald’s