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Telluride resort owner rips into ski patrol union after strikes shuts down slopes on Christmas

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Telluride, one of the best-known ski resorts in the Western U.S., plans to close in the coming days due to a labor dispute between its owner and the ski patrol union.

The Telluride Professional Ski Patrol Association voted Tuesday to strike Saturday after contract negotiations since June failed to yield an agreement on pay. With no more talks planned before the weekend, Telluride Ski Resort said it will not open that day.

“We are concerned that any organization, particularly one that exists to help people, would do something that will have such a devastating effect on our community,” owner Chuck Horning said Wednesday in a statement.

It was not immediately clear whether the closure will last longer. Resort officials were working on a plan to reopen even if the strike continues, according to the statement.

The patrollers are seeking to be paid more in line with their counterparts at other resorts in the region.

The union wants starting pay to rise from $21 to $28 per hour, and for wages for patrollers with more than 30 years of experience to increase from $30-$36 per hour to $39-$48.60 per hour.

While resort officials sought to lay blame for the impending closure on the union, Andy Dennis, interim safety director and spokesperson for patrollers’ association, said it lies with Horning.

“He’s being a bully. This is what bullies do, take their toys and run,” Dennis said. “All he has to do is give us a fair contract, and this would all be over.”

Ski patrollers sometimes argue for more pay on the grounds that the cost of living is high in ski towns and they are responsible for people’s safety. Patrollers’ duties include attending to injured skiers and the controlled release of avalanches with explosives when nobody is in range.

Even without a strike, Telluride has yet to get going fully this season, with unusually warm weather meaning just 20 of the resort’s 149 trails have been able to open.

Patrollers around the Rocky Mountain region have been voting on unionizing recently.

Last year an almost two-week strike closed many runs and caused long lift lines at Utah’s Park City Mountain Resort. That strike ended when Colorado-based Vail Resorts acceded to demands including a $2-an-hour base pay increase and raises for senior ski patrollers.



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California farming mogul in bitter divorce proceedings arrested on suspicion of murdering his wife

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A prominent California farmer was arrested Tuesday on suspicion of murder in the shooting death of his estranged wife in a remote mountain community in Arizona, the Navajo County Sheriff’s Office said.

Michael Abatti, 63, was arrested in El Centro and booked into jail on a first-degree murder charge. He is awaiting extradition to Arizona.

Authorities say they believe he drove to Arizona on Nov. 20 and fatally shot Kerri Ann Abatti, 59, before returning home to California. She was found dead in her family’s tree-shrouded vacation home in Pinetop, Arizona, where she moved after splitting with her husband.

Attorneys for Michael Abatti said in a Wednesday statement that he “has devoted himself to his family, to his work, and to his community” and will be entering a not-guilty plea.

His attorneys added they are “deeply concerned” about his health, as he suffers from numerous medical conditions requiring ongoing treatment and access to specialized care.

Authorities searched his home in far Southern California on Dec. 2 as part of the investigation into his wife’s death.

El Centro is a city of 44,000 people just minutes from the Mexican border in the crop-rich Imperial Valley, which is the biggest user of Colorado River water and known for growing leafy greens, melons and forage crops.

Michael Abatti comes from a long line of farmers in the region bordering Arizona, and his grandfather, an Italian immigrant, was among the region’s early settlers. His father, Ben, helped start the Imperial Valley Vegetable Growers Association, and the Abatti name is known throughout the region and tied to farming enterprises, scholarship funds and leadership in local boards and groups.

Michael Abatti has grown onions, broccoli, cantaloupes and other crops in the Imperial Valley and served on the board of the powerful Imperial Irrigation District from 2006 to 2010.

Michael and Kerri Abatti were married in 1992 and had three children.

Kerri Abatti is a descendant of one of the first Latter-day Saints families to settle Pinetop in the 1880s. The community, located 190 miles (305 kilometers) northeast of Phoenix in the White Mountains, was briefly called Penrodville after Kerri’s forbearers before adopting the Pinetop name.

The couple split in 2023 and Kerri Abatti filed for divorce in proceedings that were pending in California at the time of her death.

The Abattis were sparring over finances with Kerri telling the court the couple had lived an upper-class lifestyle during more than three decades of marriage. They owned a large home in California, a vacation home in Pinetop and ranch land in Wyoming and vacationed in Switzerland, Italy and Hawaii while sending their children to private school, she said.

After the split, Kerri was granted $5,000 a month in temporary spousal support but last year asked for an increase to $30,000, saying she couldn’t maintain her standard of living as she quit her job as a bookkeeper and office manager for the family farm in 1999 to stay home with the couple’s three children. Kerri, who previously held a real estate license in Arizona, also asked for an additional $100,000 in attorney’s fees, court filings show.

“I am barely scraping by each month, am handling all of the manual labor on our large property in Arizona and continuing its upkeep,” she wrote in court filings earlier this year, adding she was living near her elderly parents. Kerri said she also needed to buy a newer car because her 2011 vehicle had more than 280,000 miles (450,600 kilometers) on it and sorely needed repairs.

Michael Abatti said in a legal filing that he couldn’t afford the increase after two bad farming years took a toll on his monthly income. He said European shifts in crop-buying to support war-plagued Ukrainian farmers and rising shipping costs were to blame along with an unusually cold and wet winter.

He said in mid-2024 it cost $1,000 to grow an acre of wheat that he could sell for $700, and that he was receiving about $22,000 a month to run the farm as the business struggled to pay its creditors in full.

“The income available at this time does not warrant any increase in the amount to which the parties stipulated, let alone an increase to $30,000 per month,” Lee Hejmanowski, Michael Abatti’s family law attorney, wrote in court papers.

Days later, Michael Abatti agreed to increase temporary spousal support payments to $6,400 a month, court filings show.

He studied in the agricultural business management program at Colorado State University in Fort Collins before returning to California, according to a 2023 book about water issues written by his college friend, Craig Morgan, titled “The Morality of Deceit.”

In 2009, Michael Abatti almost died from an infection caused by a flesh-eating bacteria and was hospitalized and placed in a medically induced coma for treatment, Morgan wrote in the book.

This story was originally featured on Fortune.com



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Chinese billionaire who has fathered more than 100 children hopes to have dozens of U.S.-born boys to one day take over his business

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Billionaires like Telegram founder Pavel Durov and Tesla CEO Elon Musk have fathered legions of children who are slated to inherit their empires. Now, an ultra-wealthy Chinese businessman is doing the same in the U.S., in hopes of producing around 20 U.S.-born children to inherit his video game fortune. 

Xu Bo is the founder and chairman of Guangzhou Duoyi Network: one of China’s largest mobile gaming companies. Despite the 48-year-old entrepreneur growing his company in Guangzhou, he’s not looking to pass down his $1.1 billion fortune to a child born in his home country. A Wall Street Journal investigation into Xu’s surrogacy history in the U.S. found that the Chinese billionaire was seeking parental rights to at least four unborn children, and had previously fathered and was actively fathering at least eight more surrogacy kids. There could be dozens more.

The billionaire’s video game company had also reportedly stated that Xu has more than 100 children born through surrogates based in the U.S., according to WSJ reporting. He was allegedly seeking “50 high-quality sons,” according to accounts linked to Xu on Chinese microblogging website Weibo, and said that “having more children can solve all problems.” During a 2023 court hearing, Xu also said he hoped to have around 20 U.S.-born children to one day take over his business, according to WSJ. He also fantasized about his American kids marrying Musk’s children in the future. Last month, Xu’s ex-girlfriend also alleged that he had 300 children living around the world—a claim his company denied. 

Xu’s Duoyi Network has since made a statement against the Journal, stating the publication had “deliberately confused the facts and fabricated false information,” and that only 12 of the alleged 100-plus children were born in the U.S.

Another billionaire fathering 100+ heirs: Telegram founder Pavel Durvo 

Xu is among a growing number of ultra-rich men parenting dozens of children to shepherd their companies and expand their legacies. And just like Xu, the video game billionaire, Telegram founder Pavel Durvo has helped conceive over 100 babies across 12 countries. 

Officially, the entrepreneur worth $14.2 billion has six “official” children with three different partners. In addition to this parentage, Durov has also been donating to a sperm clinic for the past 15 years, which told him has led to more than 100 pregnancies. 

“I wrote my will very recently,” Durov told French publication Le Point in an interview this June. “I make no difference between my children: There are those who were conceived naturally and those who come from my sperm donations. They are all my children and will all have the same rights! I don’t want them to tear each other apart after my death.”

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PayPal senior VP: We’re now in the ‘intelligence era’ and companies should be focused on tokens

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In the middle of the 20th century, the world entered the age of information, the shift of industry to information technology. The era began with the miniaturization of computers and culminated with the invention of the World Wide Web, which put the ability to access information at nearly everyone’s fingertips. Now, with the rise of AI, that age is over, according to some tech leaders, and a new age of technology has begun.

“We have transitioned from [an] information era to intelligence era,” Prakhar Mehrotra, PayPal senior vice president and global head of AI, said at the Fortune Brainstorm AI conference earlier this month.

This “intelligence era” is marked by industries transitioning away from the model of storing and retrieving data, Mehrotra told Fortune reporter Sharon Goldman. Instead, because of the capabilities of AI, data can be more spontaneously generated, with the ultimate goal of achieving autonomy in some parts of the workplace.

Companies are racing to apply AI—with its promises of increased productivity and output—to their respective workplaces, but their successes have been mixed. An August MIT study found 95% of enterprise AI workplace initiatives failed to reach rapid revenue acceleration.

“It’s going to be a journey…You have to go through this crawl, walk, and run,” Mehrotra said. “I think that adage has been true 10 years back, is also true in this era.”

The future of AI factories

Marc Hamilton, Nvidia’s vice president of solutions architecture and engineering who was interviewed alongside Mehrotra at the conference, said the future of building out AI in the workplace will be investing in AI factories, on a business’s premises or in the cloud. That’s because data needed to run companies will no longer be primarily retrieved by humans or computers, but rather generated by AI.

“When you go and say, ‘Generate a PowerPoint slide that says this,’ or ‘I’m working on this coding function, can you go in and generate code?’ It’s not retrieving it from the database, it’s taking a model and generating that data,” Hamilton said. 

Mehrotra noted in order for companies to effectively build out the computational power needed to create this data, there needs to be a new atomic unit prized by firms: tokens, or the fundamental component of text AI needs to understand and process a language. Tokens are both the snippet of information used to train data, as well as what is generated by AI after a model receives a prompt.

“Every company has to think about their data in terms of tokens, because then [they] can derive that intelligence from it,” Mehrotra said.

A measure of input and output, token generation has become a key metric for tech companies in particular. In May, Nvidia boasted that Microsoft, which uses Nvidia’s chips, generated more than 100 trillion tokens in the first quarter of this year, a five-fold year-over-year increase. These indications of output can help these AI companies sell themselves to investors and boost valuations, though data shows tokens’ correlation with demand and profits are weaker than tech companies would suggest. 

Mehrotra and Hamilton agreed that many companies today see the value of tokens in boosting AI capabilities, but are weighing how to best fit them into their needs, such as which tokens should be acquired or bought, what should be generated in-house, and for what purpose? Every company then has their own AI factory of sorts, both taking in tokens and outputting tokens that have value.

“I see it as just building that muscle,” Mehrotra said. “Like if all the employees start thinking in terms of tokens, in terms of generating process, then, yeah, it’s a different company.”



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