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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game
Leadership

Boston and Connecticut Ban Official Travel to North Carolina

Barb Darrow
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Barb Darrow
Barb Darrow
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Barb Darrow
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Barb Darrow
Barb Darrow
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April 1, 2016, 9:16 AM ET
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It’s not as big a deal as Bank of America joining the protest over North Carolina’s controversial new “bathroom law” but the city of Boston and the state of Connecticut have also weighed in against the legislation. Both have nixed official travel to the Tar Heel State.

On Thursday, Connecticut Governor Dannel Malloy signed an executive order banning state-paid travel to North Carolina, according to CBS News. That move came one day after the Boston City Council passed a similar order, which Boston mayor Martin Walsh signed.

Bank of America Blasts North Carolina Bathroom Law

Last week, the North Carolina legislature quickly passed the law, which prevents transgender individuals from using public bathrooms that do not match their biological gender. Republican governor Pat McCrory promptly added his signature.

And then it was off to the races. Tech companies including IBM (IBM) and Salesforce (CRM) decried the law. And then, perhaps most importantly, Bank of America (BAC) headquartered in Charlotte, and one of the state’s larger employers, also weighed in against it.

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The Human Rights Campaign, ACLU and other groups have filed a lawsuit claiming that the measure entrenches discrimination. North Carolina’s attorney General, Roy Cooper, (a Democrat), called the law an “embarrassment” and said his office would not defend the “unconstitutional” law in court.

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