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“#Instacart taps Facebook app head as CEO ahead of expected IPO” Instacart named Facebook app head Fidji Simo as its chief executive officer on Thursday, adding big tech expertise ahead of an expected stock market listing by the grocery-delivery firm. French-born Simo will replace co-founder Apoorva Mehta, who will take on the role of executive chairman…
“#Billionaires attempt to tackle social justice issues at Sun Valley” Tech and media moguls at the Allen & Co. Sun Valley conference started their first full day of sessions Wednesday with a potentially touchy panel about politics in the workplace. After a casual outdoor breakfast, Stripe’s Patrick Collison, Shopify’s Tobias Lutke, Flickr’s Stewart Butterfield and…
“#Nissan CEO tells Tokyo court Carlos Ghosn had too much power” Nissan Chief Executive Makoto Uchida told a Japanese court on Wednesday that the company’s former chairman, Carlos Ghosn, had held too much power, failed to listen to others, and stayed on for too long. Uchida said Wednesday that those were factors that led to…
“#Teneo’s chairwoman Ursula Burns a ‘longtime pal’ of ousted CEO Declan Kelly” Ursula Burns is the first black woman to helm a Fortune 500 company, the former CEO of Xerox, and now the chairwoman of the powerful strategic advisory firm Teneo. She’s also an old crony of Declan Kelly, who just resigned from the helm…
“#Teneo taps former Xerox CEO Ursula Burns as chairwoman after shakeup” Former Xerox boss Ursula Burns was tapped as chairwoman of Teneo as the embattled consulting firm grapples with the resignation of CEO Declan Kelly over drunken behavior at a charity event. The ex-Xerox CEO said she will focus on improving Teneo’s culture while also…
“#Amazon to grant new CEO Andy Jassy over $200 million in stock” Amazon plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday. Amazon will record the grant of 61,000 shares on July 5, the filing…
“#Declan Kelly resigns as CEO of Teneo after drunken antics” Teneo, the prolific consulting firm for Fortune 500 execs, announced Tuesday that its CEO, Declan Kelly, has resigned after he reportedly got drunk and acted inappropriately with a number of women at a charity event last month. Teneo’s board said the firm’s co-founder and chief…
“#Burberry shares fall as CEO prepares to leave for Ferragamo” Shares of the London-listed luxury fashion house Burberry tumbled Monday after it announced CEO Marco Gobbetti will depart at the end of the year to lead Italian rival Salvatore Ferragamo. Burberry stock traded as much as 8 percent lower Monday morning on the news, while…
“#Ousted Grammys CEO Deborah Dugan, Recording Academy reach settlement” Ousted Grammys CEO Deborah Dugan and the Recording Academy have reached a confidential settlement over why the former leader was let go from the organization. “The Recording Academy and Deborah Dugan have agreed to resolve their differences and to keep the terms of their agreement private,”…
“#Southwest Airlines CEO Gary Kelly to step down” Southwest Airlines said on Wednesday long-time Chief Executive Officer Gary Kelly will step down next year to become the executive chairman and will be succeeded by company veteran Robert Jordan. Kelly, 66, who became the CEO in 2004, has led Southwest through some of the airline industry’s most turbulent times, including…