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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

1

As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish
Retail

FBI reportedly raids home of Subway spokesman Jared Fogle

By
Claire Groden
Claire Groden
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By
Claire Groden
Claire Groden
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July 7, 2015, 10:30 AM ET
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The Federal Bureau of Investigation conducted a raid at the Zionsville, Indiana home of Subway spokesperson Jared Fogle Thursday, according to local media reports.

An FBI spokesperson declined to confirm to Fortune that a raid happened at Fogle’s home, but did say “the FBI is conducting investigative activity in the area, the nature of which cannot be disclosed at this time.” A photograph apparently showing Fogle being escorted into his house by law enforcement was circulating on Twitter Thursday morning.

Fogle has represented Subway for more than a decade, beginning after he lost 245 pounds after eating only Subway sandwiches—one six-inch turkey sub and one twelve-inch veggie sub each day—for a year, in addition to an exercise routine. He became the face of the sandwich chain’s healthy eating-focused advertising campaign, gaining national fame for his Subway promotional pictures that featured his smiling face and former 60-inch waist pants.

In April, the executive director of Fogle’s Jared Foundation, founded to combat childhood obesity, was arrested on child pornography charges.

In a statement issued Tuesday afternoon, a Subway representative said the company “shocked by the news and believe[s] it is related to a prior investigation of a former Jared Foundation employee.” Fogle’s lawyer, Ron Elberger, also released a statement Tuesday afternoon, saying that his client “has been cooperating, and continues to cooperate with law enforcement in their investigation of unspecified charges.”

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