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“Red Lobster CEO Kelli Valade resigns after just 8 months on the job” The boss of seafood restaurant chain Red Lobster is resigning from her post just eight months after she took the job — a surprise exit that one analyst reportedly described as a “very bad” sign for the company. Neither Red Lobster nor…
“Ex-Disney CEO Bob Iger speaks out on ‘Don’t Say Gay’ law” Former Disney CEO Bob Iger is doubling down against Florida’s so-called “Don’t Say Gay” law — even as his successor, Bob Chapek, continues to take heat over his ham-fisted response to the legislation. “A lot of these issues are not necessarily political. It’s about…
“Impossible Foods taps former Chobani exec as its new CEO” Impossible Foods founder Pat Brown will step down as chief executive and hand over the role to Peter McGuinness, the former chief operating officer of Greek-yogurt maker Chobani, as the alternative meat producer expands rapidly and launches new products. Brown, who founded the plant-based burger…
“Michael Kors CEO Joshua Schulman steps down in surprise shakeup” Michael Kors’ chief executive is leaving the company just seven months after taking the reins of the luxury brand — and despite the fact he was on track for a big promotion. Joshua Schulman is stepping down despite having been poised to take the helm…
“Apple shareholders approve Tim Cook’s $100M payday” Apple shareholders voted Friday to approve a nearly $100 million compensation package for CEO Tim Cook — signaling their support despite an advisory firm’s stance that the awards were a tad excessive. Cook’s lucrative pay package for Apple’s 2021 fiscal year calls for $98.73 million in total compensation…
“#Disney heiress blasts company over pay inequality: documentary” Disney has become a lightning rod for inequality in a new documentary directed by Abigail Disney, the granddaughter of one the Mouse House’s founders. The film co-directed with Kathleen Hughes, “The American Dream and Other Fairy Tales,” profiles four Disneyland custodians, who earn $15 an hour, as…
“#Larry Fink says stakeholder capitalism isn’t ‘woke,’ just good business” BlackRock CEO Larry Fink pushed back against criticism of the asset management firm’s embrace of stakeholder capitalism, arguing the practice is not “woke” but a necessity for long-term success. Fink defended his stance in his widely-read annual letter to CEOs. BlackRock has faced backlash from…
“#Lessons of Jimmy Cayne’s Bear Stearns historic rise and fall” Jimmy Cayne is no longer a household name on Wall Street, his fame darkened by the last couple of years as CEO of the ill-fated investment bank Bear Stearns. But Cayne’s story is far more complex. It’s one of incredible achievement as well, and even…
“#Disney’s Bob Iger bids farewell ahead of exit” Outgoing Disney executive chairman Bob Iger penned a farewell post on social media Friday as he formally exits the company that he helped to build into a global entertainment powerhouse. Iger, 70, is set to retire when his contract expires at the end of the year after…
“#Kamala Harris asking Wall Street CEOs for advice” Vice President Kamala Harris has frequently sought guidance from well-known Wall Street executives and business leaders as the Biden administration contends with a series of policy challenges at home and abroad, according to a report Wednesday. The outreach has occurred as Harris seeks to navigate various obstacles,…