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Walmart wins, Starbucks boots CEO and Trump and Harris duel on economy

Brian Belski, chief investment strategist at BMO Capital Markets, explains how investors can use quality to protect against market volatility. Inflation and Federal Reserve outlook propel stocks to best week of 2024 Vice President Kamala Harris and former President Trump debate the economy Elon Musk meets with former President Trump Walmart stock hits all-time high […]

Incoming Starbucks CEO Brian Niccol poised to get sizable compensation

Brian Niccol will likely receive a handsome salary if he becomes CEO of Starbucks. Starbucks said in a filing with the Securities and Exchange Commission on Wednesday that it plans to pay Nicol an initial base salary of $1.6 million per year. Details of his compensation package, which includes other incentives and company performance requirements, […]

Bill Ackman, investors still back Chipotle after CEO Brian Niccol leaves

Chipotle Mexican Grill Inc.’s future may not be as shaky as some shareholders fear following the departure of Chief Executive Officer Brian Niccol, investors said. The burrito chain’s shares fell nearly $6 billion on Tuesday after the company announced that Mr. Nicol would leave the company at the end of the month to become CEO […]

Starbucks CEO Brian Niccol may make $113M working remotely in posh California town

Brian Niccol could make at least $113 million as the new CEO of Starbucks, even if he works remotely from a Southern California office 1,000 miles away from the coffee giant’s Seattle headquarters. Nicol, who was poached this week from his position as chief executive officer at Chipotle Mexican Grill Inc., will be allowed to […]

Victoria’s Secret taps Rihanna’s lingerie CEO amid declining sales

Victoria’s Secret has brought in the CEO of Rihanna’s rival brand Savage x Fenty to help turn around the struggling lingerie maker, the company said Wednesday. Hilary Super, 52, replaces veteran Martin Waters, who stepped down from his roles as director and CEO with immediate effect. Hilary Super becomes the lingerie brand’s third CEO in […]

Ex-Google CEO blames ‘work from home’ for tech giant lagging in AI race

Former Google CEO Eric Schmidt has blamed the tech giant’s work-from-home policies for falling behind in the AI ​​race. One professor asked Schmidt why he thought Google had lost its lead to startups like OpenAI and Anthropic. The conversation with the Stanford University student was posted to YouTube on Tuesday.. “Google decided that work-life balance […]

CEO charged for tossing teen on the floor of In-N-Out Burger: cops

A Colorado businessman has been charged with felony assault after he was filmed throwing a 15-year-old boy to the floor of an In-N-Out Burger after he accidentally splashed water on his wife, police said. Lucas Kalisher, 55, was at an In-N-Out in Loveland in the early morning hours of August 4 when he was “splashing […]