Nike CEO John Donahoe retiring in major shake-up
Nike Inc. said Thursday that former senior executive Elliot Hill will return to the company as president and CEO, succeeding John Donahoe, as the sporting goods giant shakes up its executive ranks as part of an effort to revive sales and combat growing competition. The company's shares rose 9% in after-hours trading. Hill spent 32 […]
Nike CEO To Retire As Sportswear Company Sales Drop
The Nike logo is displayed at the Nike Well Collective store in Glendale, California on February 16, 2024. (Photo by Mario Tama/Getty Images) By James Myers, OAN StaffThursday, September 19, 2024 3:22 PM Sports brand Nike said on Thursday that Chief Executive Officer John Donahoe will step down after more than five years at the […]
Babylon Bee CEO donates $100k to KEEP Florida Pro-Life
Florida's Amendment 4, which would essentially legalize abortion up until birth, among other things, is set to be on the ballot this November. Babylon Bee CEO Seth Dillon has donated $100,000 of his own money to persuade Floridians to vote against the amendment and keep Florida a pro-life state. “The biggest thing that will have […]
23andMe board resigns in blow to CEO Anne Wojcicki
All seven members of 23andMe's board of directors have resigned in a scathing rebuke of CEO Anne Wojcicki's proposed plan to take the company private. Wojcicki said: Trying to take the company private Since April, it has offered to acquire all of the outstanding shares of 23andMe stock not owned by her or her affiliates. […]
Amazon employees slam CEO Andy Jassy’s return-to-office mandate
Amazon is forcing employees to come into the office five days a week, but they're not happy about it. Employees aired their frustrations on Slack after Andy Jassy, who took over as CEO in 2021, said in a memo on Monday that employees should return fully to the office by January. The mandate to return […]
OceanGate CEO crashed submersible into shipwreck in 2016, threw controller at crew: ex-employee
David Lockridge, Ocean Gate's former director of operations who indicated the experimental submersible Titan was unsafe before its final, fatal voyage, spoke to U.S. Coast Guard investigators on Tuesday about an earlier mission that ended disastrously when it collided with CEO Stockton Rush. Lockridge, who was responsible for the safety of the entire crew and […]
Wall Street CEO Peter Orszag downplays worries about junior bankers’ long hours
Wall Street's top chief executive has rejected concerns that young bankers are suffering from burnout, arguing that junior staff should be able to tolerate long hours in “interesting” work. Lazard CEO Peter Orszag appeared to downplay criticism that newcomers to the banking industry are overworked, even as JPMorgan is limiting the hours of junior team […]
Coinbase CEO Fires Back At Justin Sun’s Allegations On cbBTC Transparency – CoinGape
Coinbase CEO Brian Armstrong responded to Tron founder Justin Sun's recent criticism of the exchange's Bitcoin wrapped product, cbBTC, after Sun took to social media platform X to voice his concerns about the new product, which launched just two days ago on the Base network. Coinbase CEO denies all allegations In a sharp response, Armstrong […]
Faraday Future Gives CEO and Founder Raises and Bonuses After Delivering Just *13* Cars
Struggling electric-vehicle startup Faraday Future has announced big salary and bonus increases for its CEO and founders, despite the company's poor performance and ongoing financial woes after shipping just 13 electric vehicles in the past decade. TechCrunch Reports Faraday Future has decided to give big raises and bonuses to its top executives despite facing severe […]
Steel Giant May Have To Bail On $500 Million Biden-Harris Admin Green Grant, CEO Says
The Biden-Harris administration awarded the major steelmaker $500 million in environmental protections in March, but the company may be forced to give up the money, its CEO told Politico. Department of Energy (DOE) Announced In March, it was announced that Cleveland-Cliffs had been selected to receive $500 million in funding to help make “green” low-carbon […]