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Tag: CEO

Sonos CEO Patrick Spence Steps Down After App Redesign Disaster

Sonos CEO Patrick Spence is stepping down after eight years at the helm after a deeply flawed app redesign angered customers and hurt growth. bloomberg report Sonos announced that CEO Patrick Spence will step down from his role after eight years. The decision comes on the heels of a failed app revamp that caused customer […]

Starbucks making customers pay to use bathroom under new CEO Brian Niccol

If you want to hang out at Starbucks or go to the bathroom, you have to buy something. Starbucks announced Monday that it is rescinding its policy of inviting everyone inside its stores. The new code of conduct, which will be posted at all of the company's stores in North America, also prohibits discrimination and […]

Meta official blasts CEO Mark Zuckerberg for ‘buckling to political pressure’

Meta executives condemn CEO Mark Zuckerberg's decision to stop fact-checking on Facebook, Instagram, and Threads, saying the social media mogul has criticized President-elect Donald Trump's inauguration. He previously said he was “succumbing to political pressure.'' The comments from Michael McConnell, co-chair of Meta's Oversight Committee, come after Zuckerberg's sudden shift in policy to loosen content […]

Kohl’s to Close 27 ‘Underperforming’ Stores by April, CEO Stepping Down

Department store chain Kohl's has announced it will close 27 “unprofitable” stores and distribution centers by this spring, just one month after rival chain Macy's announced it would close 150 stores. Kohl's is headquartered in Menomonee Falls, Wisconsin. said on January 9th press release Scheduled closures include Alabama, Arkansas, California, Colorado, Georgia, Idaho, Illinois, Massachusetts, […]

JPMorgan’s Jamie Dimon ‘likely’ to become chairman once he quits as CEO

JPMorgan President Jamie Dimon said Sunday that he will “likely” become chairman of the Wall Street giant when he ultimately steps down as CEO. “That's likely to happen. Again, that's up to the board, not up to me. But I might chair for a few years if it makes sense,” the 68-year-old said. Dimon said […]

Delta CEO reveals when we could see air taxis in the sky

As new technologies emerge in aerospace, Delta is leveraging the latest aviation platforms and new partnerships to live up to its motto of “keep climbing.” Delta Air Lines CEO Ed Bastian spoke about the company's future plans and hinted that air taxis could soon take to the skies. “We're going to start seeing them in […]

HuffPost’s top editor resigns over layoffs, fury at CEO for ‘bowing to MAGA

HuffPost's top editor has resigned after the left-leaning news site was hit with mass layoffs and amid growing anger that the parent company was “bowing to MAGA” ahead of President Donald Trump's inauguration this month. Editor-in-chief Daniel Belton announced late Thursday that he would be leaving the company. It comes two days after the BuzzFeed-owned […]