CEO

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Bank Sorry for Worker Allegedly Trying to Kill Clients

Kentaro Okuda, CEO of Japan's Nomura, to take 30% pay cut for 3 months in response

(Newser) - The head of Japan's largest investment bank has apologized and agreed to a temporary pay cut after an ex-employee was charged with trying to kill clients. The Nomura employee, who gave asset management advice to individuals and corporations, allegedly robbed the clients before setting fire to their home during...

Intel CEO Is Out in Surprise Move
Intel CEO
Is Out
in Surprise
Move
Dec 2, 2024 9:21 AM CST

Intel CEO Is Out in Surprise Move

Pat Gelsinger's departure comes amid financial struggles for the chipmaker

(Newser) - Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. Two company executives, David Zinsner and Michelle Johnston Holthaus, will act as interim co-CEOs while the company searches for a replacement for Gelsinger, who also stepped down from the company's board, per the AP...

He Made Spirit Airlines Into a 'Dollar Store in the Sky'
He Gave Spirit Airlines
Its 'Bad-Boy Image'
OBITUARY
Nov 13, 2024 9:55 AM CST

He Gave Spirit Airlines Its 'Bad-Boy Image'

Former CEO Ben Baldanza has died at 62 of Lou Gehrig's disease

(Newser) - Ben Baldanza, the former CEO of Spirit Airlines who helped pioneer the concept of no-frills flying, has died. The New York Times reports that the 62-year-old, who had amyotrophic lateral sclerosis (aka ALS, or Lou Gehrig's disease), passed away on Election Day at his home in Arlington, Virginia, according...

Ex-CEO Found Dead After Missing Sentencing

Former S-Ray CEO Stephen Baird was to meet some of the investors he defrauded of $11M

(Newser) - The former CEO of medical device startup S-Ray has been found dead after missing a sentencing hearing for wire fraud over his misuse of investor money. Stephen Baird, 69, was expected to see many of the 200 investors he defrauded of a combined $10.75 million in US District Court...

SBF's Ex Could Get Years Behind Bars at Sentencing
Judge: SBF's Ex Can't
Avoid Prison Time
UPDATED
Sep 24, 2024 3:33 PM CDT

Judge: SBF's Ex Can't Avoid Prison Time

Caroline Ellison sentenced to 2 years

(Newser) - Caroline Ellison was sentenced to two years in prison on Tuesday after she apologized repeatedly to everyone hurt by the FTX fraud. US District Judge Lewis A. Kaplan said Ellison's cooperation in the case was "very, very substantial" and praised her testimony. But he said a prison sentence...

Railroad CEO Fired for Relationship With Employee

Norfolk Southern says its chief legal officer has also been dismissed

(Newser) - The CEO of one of America's largest railroads has been shunted aside over what Norfolk Southern's board was a "consensual relationship with the company's chief legal officer." The company said Wednesday night that Alan Shaw was fired "for cause" following an ethics investigation, CNN...

Guy Who Killed, Dismembered His Ex-Boss Learns His Fate

Tyrese Haspil was convicted in June

(Newser) - The former executive assistant to tech entrepreneur Fahim Saleh was on Tuesday sentenced to 40 years to life behind bars for Saleh's 2020 murder. Tyrese Haspil, 25, was convicted in June of stabbing and dismembering his ex-boss at Saleh's Manhattan condo, where his body was found, the AP...

CEO Leaves a 'Remarkable Legacy' at Waffle House

CEO Walt Ehmer, who joined the company in 1992, has died at 58 after a long illness

(Newser) - Walt Ehmer, the president and CEO of Waffle House and a member of the board of trustees for the Atlanta Police Foundation, has died at age 58, the foundation announced Sunday. Ehmer joined Waffle House in 1992 and quickly rose to senior leadership, becoming president of the company in 2002...

America's Highest-Paid CEOs
America's Highest-Paid CEOs
Sep 2, 2024 2:25 PM CDT

America's Highest-Paid CEOs

Quartz runs down the top 10 following an AFL-CIO report

(Newser) - Happy Labor Day, here's a "fun" fact for you from AFL-CIO's 2024 report on executive pay : "It would take more than five career lifetimes for workers to earn what CEOs receive in just one year." The report finds that last year, corporate profits and executive...

New Starbucks CEO Will Be Working From Home

Brian Niccol's compensation could top $113M this year

(Newser) - Starbuck's new CEO will be handsomely rewarded for taking charge of the coffee chain—and he won't have to trade sunny California for rainy Seattle. CNBC reports that the pay package that brought Brian Niccol to Starbucks from Chipotle includes a base annual salary of $1.6 million...

Starbucks Snags Chipotle's CEO
Starbucks Makes Big CEO Move
Aug 13, 2024 9:13 AM CDT

Starbucks Makes Big CEO Move

Chipotle CEO Brian Niccol to replace Laxman Narasimhan, ousted after 16 months

(Newser) - Starbucks is replacing its CEO with one snagged from Chipotle. Brian Niccol, who's led Chipotle since 2018, will replace Laxman Narasimhan, who is stepping down as chief of the coffee chain after just 16 months, according to a Tuesday announcement. It's quite a surprise considering Narasimhan was "...

Troubled Boeing Will Now Be in This Man's Hands

Kelly Ortberg to replace Dave Calhoun as CEO

(Newser) - Robert "Kelly" Ortberg was named Boeing's next CEO on Wednesday, the same day the company reported a loss that makes clear the task the 64-year-old will have ahead of him. The AP reports the company recorded a $1.44 billion loss in Q2, a number that outpaced Wall...

These Are the Highest-Paid CEOs in America

Broadcom's Hock Tan comes in at No. 1, with annual compensation of $161.8M, per 'WSJ'

(Newser) - If you were a chief executive for one of America's largest companies last year, you likely did pretty well in the paycheck department, at least according to the latest analysis by the Wall Street Journal , which shows that median CEO compensation in 2023 reached record heights, with half of...

Kellogg's CEO Hit for 'Marketing Spin on Poverty'
Kellogg's CEO Hit for
'Marketing Spin
on Poverty'
the rundown
Feb 27, 2024 7:24 AM CST

Kellogg's CEO Hit for 'Marketing Spin on Poverty'

Touting cereal as an affordable dinner option is not going over well

(Newser) - With shoppers spending the highest portion of their income on food than at any point in the last 30 years, Kellogg has been encouraging families to eat cereal for dinner . But that advice has met with quite the backlash after Kellogg CEO Gary Pilnick doubled down and denied that asking...

Wayfair CEO Tries to Inspire With Message on 'Laziness'

Niraj Shah encourages employees to work longer hours: 'Winning requires hard work'

(Newser) - If you're a Wayfair employee and hoping that 2024 will bring a more relaxed workplace, think again. In a recent email to workers, CEO Niraj Shah delivered what The Street calls a "harsh wake-up call" that involved pushback against slacking. "Working long hours, being responsive, blending work...

Suit: Tech CEO Led Me Into 'Dark Abyss of Sexual Horror'

Christian Lanng, ex-chief of Tradeshift, has denied the rape, torture, harassment allegations

(Newser) - The former executive assistant for a fired tech CEO has now filed a lawsuit against him alleging he made her sign a "slave contract," then harassed, tortured, and sexually assaulted her. Per the Mercury News , the complaint against Christian Lanng, who was fired from business software company Tradeshift...

At OpenAI, a Surprise 'Leadership Transition'
OpenAI Board
Abruptly Ousts
CEO Sam
Altman
THE RUNDOWN
Nov 18, 2023 9:00 AM CST

OpenAI Board Abruptly Ousts CEO Sam Altman

Says 'he was not consistently candid in his communications'; co-founder Greg Brockman quits

(Newser) - In news that shook Silicon Valley on Friday, Sam Altman, the CEO of ChatGPT maker OpenAI, was abruptly fired, though no one yet knows quite why. The Verge and the AP report that the company's board of directors made the move, releasing a statement that noted a "leadership...

AMC CEO Sent Woman Photos, She Used Them to Extort Him

NY woman, convicted of cyberstalking, reportedly demanded $300K from Adam Aron

(Newser) - The CEO of AMC Theaters sent sexually explicit images and messages to a woman who later tried to extort hundreds of thousands of dollars from him. Adam Aron fessed up to the mess Thursday on X after Semafor identified him as the CEO involved in the case. "I became...

26-Year-Old Tech CEO Found Dead in Baltimore

Pava LaPere's death has been ruled a homicide

(Newser) - A tech CEO who grabbed a spot on the 2023 Forbes 30 Under 30 List in the Social Impact category was found dead Monday, and the Baltimore Sun reports Pava LaPere's death was on Tuesday ruled a homicide by the state medical examiner's office. Police says the 26-year-old...

One of America's Best-Paid CEOs Abruptly Steps Down

'WSJ' reports that Kiwi Camara left CS Disco after alleged groping incident

(Newser) - In July, Kiwi Camara made it onto a list of America's 10 highest-paid CEOs , with a 2022 compensation package higher than that of Apple's Tim Cook. But he abruptly resigned this month, giving up stock options that were worth around $110 million at one point. CS Disco, which...

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