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Starbucks’ interim boss sells $341K in stock after surprise CEO shuffle

Starbucks’ interim CEO cashed out more than $341,000 in Chipotle stock following news that the company had named Chipotle CEO Brian Niccol to replace embattled President Lakshman Narasimhan, according to securities filings. Rachel Ruggeri, the Seattle-based coffee chain’s chief financial officer and interim CEO until Nicol officially takes over on Sept. 9, sold 3,750 shares, […]

Starbucks hires Chipotle boss Brian Niccol as next CEO

Starbucks reportedly announced on Tuesday that it was replacing current CEO Lakshman Narasimhan with Chipotle leader Brian Niccol after months of sluggish sales. Niccol has been widely praised for turning around Chipotle’s business, helping to drive up the company’s stock price by more than 50 percent over the past year, the company said. Niccol will […]

Australian Olympics boss blasts critics of breakdancer Raygun’s viral performance

B-Girl “Raegun” wasn’t too happy about becoming a meme after her breakdancing routine went viral online, and neither was Australia’s Olympic team chief, Anna Mears. “I love Rachel and I think it’s really unfortunate that the comments that have happened on social media by the trolls and the keyboard warriors and that those comments have […]

CBS News boss Wendy McMahon revamps management team after exit of controversial executive

CBS News President Wendy McMahon on Monday appointed a loyal lieutenant to replace controversial executive Ingrid Cyprian Matthews in an effort to boost morale and turn around the struggling network. As part of a broader leadership shakeup, Adrienne Roark will become president of editorial and reporting for CBS News & Stations, according to McMahon, who […]

Los Angeles Olympics boss Casey Wasserman accused of being serial adulterer: report

A Hollywood mogul appointed to take charge of the 2028 Olympics in Los Angeles is a habitual adulterer with a “chronic condition” of sleeping with his subordinates, a shocking report has said. Casey Wasserman, 50, CEO of Wasserman Media Group, “love-bombed” his mistresses with expensive gifts, including Louboutin shoes, La Perla lingerie, handbags and Range […]