CEO Roundup—From minimum wage to millionaire; WebMD acquired by KKR

A line cook's apron design makes her a wealthy woman. (Hedley & Bennett's official Instagram account)

From minimum wage to millionaire

“I had fabrics and I had dreams and I had ideas,” Ellen Bennett, a former line cook who only made $10 an hour at her “day job,” told NBC News. Her inspiration led to the founding in 2012 of Hedley & Bennett—an apron and accessories line that she hopes will transform the kitchen-wear industry. “No one ever thought about making an apron that looked good and was functional,” said the 29-year-old entrepreneur. “I really wanted to make a better uniform.” Now, according to the news outlet, Bennett’s fan base for her high-end, hand-crafted aprons “stretches across 4,000 kitchens” nationwide—and she has celebrity fans who include Martha Stewart and Mario Batali. (NBC News)

WebMD reaps ‘healthy’ $2.8B in KKR buyout

Private equity firm KKR has agreed to buy WebMD—an online publisher of healthcare information—in a deal valued at about $2.8 billion, Reuters reported on July 24. The deal for the site, founded in 1996, comes five months after New York-based WebMD said it would explore strategic options amid a drop-off in pharmaceutical advertising. KKR will fold WebMD's websites, including the consumer portal, WebMD.com, and the professional website, Medscape.com, into its Internet Brands unit. That vertical currently includes consumer-facing sites such as DentalPlans.com and AllAboutCounseling.com. Analysts said the deal price surpassed expectations, adding that WebMD was a good fit for the Internet Brands portfolio. (Reuters)

Suggested Articles

Veteran CEO John Schwarz says the times dictate a fresh approach to the chief executive position.

Very little attention has been paid to the flip side of the CEO salary debate: CEOs whose salaries are much less out of kilter with workers' salaries.

Hamid Hashemi, CEO of iPic Entertainment, wants to make moviegoing an elegant experience.