CEOs

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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...

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...

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...

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...

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...

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...

Ex-Disney CEO: Working There Was '3 Years of Hell'
Ex-Disney CEO: Working
There Was '3 Years of Hell'
THE RUNDOWN
Sep 7, 2023 9:55 AM CDT

Ex-Disney CEO: Working There Was '3 Years of Hell'

CNBC reports on friction between former chief Bob Chapek, former/current chief Bob Iger

(Newser) - When Bob Chapek assumed the leadership mantle at Disney in early 2020, it was no secret there was some friction between himself and former CEO Bob Iger—and in late 2022, the Disney board fired Chapek amid criticisms of his management, and Iger came out of retirement and reassumed his...

CNN Boss Chris Licht Apologizes to Staff
His Job
Security Shaky,
CNN's Boss
Apologizes
the rundown
Jun 5, 2023 10:35 AM CDT

His Job Security Shaky, CNN's Boss Apologizes

Network CEO's job appears to be in jeopardy after scathing profile in 'Atlantic'

(Newser) - CNN chief Chris Licht had such a bad weekend that some thought he might tender his resignation when addressing the staff Monday morning. Instead, the 51-year-old offered an apology and vowed to earn back the trust of people he let down, reports CNBC . The controversy stems from an in-depth profile...

CEO Accuses Workers of 'Quiet Quitting,' Taking Care of Kids

Clearlink's James Clarke made some eyebrow-raising comments on remote work at town hall

(Newser) - The CEO of a digital marketing and tech firm is taking a fair amount of flak after remarks that targeted remote workers and working moms. James Clarke, head of Utah-based Clearlink, spoke during a companywide town hall last week to discuss a recent return-to-work order now that the pandemic has...

Starbucks' New CEO Is a Certified Barista

Laxman Narasimhan officially took the reins of the coffee giant on Monday

(Newser) - Starbucks officially has a new CEO. The Seattle coffee giant said Monday that Laxman Narasimhan has assumed the role of CEO and joined the company's board of directors. Narasimhan succeeds longtime Starbucks leader Howard Schultz, who came out of retirement last spring to serve as interim CEO while the...

Missing Chinese CEO Is 'Cooperating' in Gov't Investigation

His company, China Renaissance, now says founder Bao Fan is cooperating with government

(Newser) - Bao Fan, the billionaire Chinese investment banking CEO who has disappeared, is "cooperating in" a government investigation, according to China Renaissance Holdings, the company he founded and runs—and which reported him missing weeks ago. The company's board has since "become aware that Mr. Bao is currently...

Netflix Announces Surprise Leadership Shake-Up

Co-founder Reed Hastings steps down as co-CEO, will stay on as executive chairman

(Newser) - Netflix has a new co-CEO. Greg Peters, who has been serving as the streaming service's chief operating officer, will now take the helm alongside Ted Sarandos, replacing co-founder Reed Hastings, reports the Verge . Hastings will stick around as the company's executive chairman, "a role that founders often...

Ousted Disney CEO's Exit Pay Revealed in Filing

Bob Chapek's package is worth about $20M

(Newser) - Bob Chapek may be out at Disney, but he's definitely not down and out. A Tuesday regulatory filing shows he's slated to walk with a severance package worth about $20 million. Insider gives the breakdown: It's $6.5 million in base salary tied to the scheduled end...

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