Michigan State University

As Rocket’s Jay Farner Retires His Impact Is Remembered

Posted on by TMN Editor
By KIMBERLEY HAAS After a 27-year career, Rocket Companies CEO Jay Farner is retiring this week and he will be remembered as a keen businessman who helped make mortgages more accessible to average Americans as technology pushed transactions out of traditional offices and onto mobile devices. Leaders at the company announced Farner’s retirement on February 13, saying that he had stepped down from his position on the Rocket Board of Directors and would begin transitioning his roles and responsibilities as CEO to longtime Rocket executive Bill Emerson. Emerson will assume the role of chief executive officer on an interim basis on June 1, according to the press release. Farner, who is 50 years old, said in a statement that he…

UWM’s Ishbia Offers Stipends To Female Athletes A Year After Men’s Program

Posted on by TMN Editor
Last year, United Wholesale Mortgage CEO Mat Ishbia raised eyebrows when he promised generous stipends to 133 Michigan State University men’s basketball and football players.  Ishbia paid each player, regardless of position, $500 per month in exchange for marketing UWM on their social media pages. NCAA athletes had long been banned from receiving such payments while playing college sports. But the conference changed its player compensation rules last year to allow student-athletes to sign endorsement deals on their own Name, Image, and Likeness (NIL). MSU players will receive a $500 monthly payment for a total of $6,000 over the year, regardless of position. While fans of MSU’s men’s sports cheered the move, Ishbia faced backlash from critics over the exclusion…