CVS replaces CEO Karen Lynch with David Joyner as shares tank
CVS Health on Friday replaced CEO Karen Lynch, who last year It welcomed CVS veteran David Joyner, who retired before returning. The company also withdrew its forecast for 2024 and announced that its third quarter profit outlook would be significantly lower than analysts expected. CVS stock fell 7% on Friday to $58.64. CVS stock fell […]
Factory workers drowned during Hurricane Helene as CEO survived: suit
The family of a Tennessee factory worker killed in Hurricane Helen is suing the company and its CEO, saying they had to leave the factory to escape devastating weather conditions while bosses ordered workers to stay in. He claims that he sneaked out from there. Johnny Peterson, 55, was one of five Impact Plastics employees […]
Wells Fargo CEO calls consumers 'extremely resilient' – CNBC
wells fargo CEO Charlie Scharf gave CNBC's Jim Cramer a positive outlook on the consumer landscape. “Consumers are very resilient,” he said. “We're not going to sit here and say the risk doesn't exist. But what we're seeing looks pretty, pretty strong.” Consumer spending on both debit and credit cards is increasing “at a very […]
LIV Golf eyeing new CEO as Greg Norman will shift to a new role, per report
Greg Norman moves into a new role at LIV Golf. The Saudi Public Investment Fund (PIF), the beneficiary of LIV, looking for new chief executive officer For months, Josh Carpenter sports business journal First reported. The report notes that PIF has hired London-based Odgers Berndtsson to search for a new executive. Candidates include established sports […]
LIV Golf CEO Greg Norman tops list of greatest 2-time major winners all-time
Since the first British Open Championship was held at Prestwick in 1860, 232 men have won a major. Of that exclusive group, 42 players have won exactly two major championships, and the list of players who have won is quite impressive. That will include Scottie Scheffler and Xander Schauffele, the best players of the 2024 […]
Tom Donohue, former longtime Chamber CEO, dies
Tom Donahue, who led the U.S. Chamber of Commerce for more than 20 years before retiring in 2021, has died, the business lobbying giant announced Monday. The chamber represents Washington's biggest businesses, spends more money on federal lobbying than anyone else, and operates out of an ornate building across the street from the White House. […]
Starbucks CEO Brian Niccol phases out discounts and promotions
Starbucks' new boss is giving the company the thumbs up by cutting discounts and promotions and forcing coffee lovers to pay full price for their drinks. CEO Brian Nicol, a former Chipotle chief executive who was poached from the Seattle-based coffee house chain earlier this year, said the company was brought in last year to […]
CBS News CEO once donated thousands to Democrats; network grappling with multiple controversies
The CEO of CBS News donated more than $6,000 to Democrats during the 2020 election, a new report reveals. The report comes as CBS News faces multiple controversies. The broadcast network's chief executive, Wendy McMahon, donated $6,100 to President Joe Biden's campaign and Democratic Party fundraising platforms in 2020, according to Federal Election Commission filings. […]
McDonald’s CEO predicts 2025 will be a ‘challenging year’
McDonald's expects 2025 to be “another tough year” for the fast food chain as inflation-hit customers cut back on discretionary spending. Chief Executive Officer Chris Kempczinski said Thursday at a business gathering in Boston that the Big Mac maker is bracing for more disruption. “We started talking about 2025, and my message to the team […]
UFC CEO Dana White Hammers Kamala Harris’ Appearance On Colbert
Dana White, president and CEO of Ultimate Fighting Championship, speaks on stage during the fourth day of the Republican National Convention at the Fiserv Forum on July 18, 2024 in Milwaukee, Wisconsin. (Photo by Anna Moneymaker/Getty Images) OAN Staff James Myers8:45am – Friday, October 11, 2024 UFC CEO Dana White attacked Vice President Kamala Harris, […]