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“#Why I’m blowing whistle on how corporate America is poisoning society” I used to think corporate bureaucracy was bad because it’s inefficient. That’s true, but it’s not the biggest problem. Rather, there’s a new invisible force at work in the highest ranks of corporate America, one far more nefarious. It’s the defining scam of our…
“#Top execs of electric truck maker Lordstown Motors suddenly exit” Lordstown Motors on Monday announced the sudden departure of its chief executive and finance head, just days after the electric truck maker warned that it may not have enough money to stay in business over the next year, sending shares down more than 20 percent. The…
“#Female CEOs saw ranks dwindle in 2020 as median pay for women chiefs slipped” Most of the women running the biggest US companies saw their pay increase last year, even as the pandemic hammered the economy and many of their businesses. Despite those gains, however, the median pay for female chief executives actually fell in…
“#CEO pay rose to $12.7M in 2020 even as COVID ravaged economy” As COVID-19 ravaged the world last year, CEOs’ big pay packages seemed to be under as much threat as everything else. Fortunately for those CEOs, many had boards of directors willing to see the pandemic as an extraordinary event beyond their control. Across…
“#Jeff Bezos says he will pass baton to new Amazon CEO on July 5” Amazon founder Jeff Bezos has picked a date to step down as CEO. Bezos, who grew Amazon from an internet bookstore to an online shopping behemoth, said Wednesday that Amazon executive Andy Jassy will take over the CEO role on July…
“#CEOs tell new grads what they wish they had known” It’s time to don those caps and gowns, and with college graduation, many seniors are set to begin their careers, certainly a daunting thing to consider. To help recent grads — heck, anyone — navigate their path forward, we tapped CEOs for the wisdom they…
“#Morgan Stanley boss James Gorman anoints possible successors” Morgan Stanley chief executive James Gorman named longtime deputies Ted Pick and Andy Saperstein as co-presidents — setting up a race to succeed him at the helm of the Wall Street giant. Pick, 52, will continue to lead institutional securities but will also be promoted to oversee…
“#GameStop CEO George Sherman to step down, lifting the retailer’s stock” GameStop shares shot up on Monday after the company announced plans to search for a new chief executive officer to help accelerate the company’s transformation into a digital retailer. GameStop CEO George Sherman will step down on July 31 or sooner depending on the…
“#Cowardly CEOs’ woke political activism is a PR gimmick” Hysteria, groupthink and a fair amount of hypocrisy are the key ingredients in a ruinous cocktail that has managed to intoxicate some formerly profit-focused boardrooms. One day, it’s the Adena Friedman-led Nasdaq stock market demanding that its US-listed companies have fully diverse boards even as it…
“#US mattress firm spins ‘mind-control’ suit against Hästens CEO as good news” This bizarre, New Age saga of a Swedish mattress maker just got weirder. Staffers at a swanky retail chain that sells Hästens luxury beds and mattresses put a positive spin on an explosive lawsuit that accused the mattress maker’s kooky CEO of subjecting underlings to “mind control” and grading them based…