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Tag: CEO

Boeing CEO Dave Calhoun faces grilling at Senate hearing

Boeing CEO Dave Calhoun acknowledged the company’s flaws while answering questions from U.S. lawmakers on Tuesday afternoon after an airborne emergency on an Alaska Airlines 737 Max 9 jet in January caused widespread alarm. “I’m here to answer questions. I’m here in the spirit of transparency and I’m here to hold people accountable,” Calhoun told […]

Boeing CEO apologizes to families of crash victims at Senate hearing

Outgoing Boeing CEO Dave Calhoun apologized directly to the families who lost loved ones in the Boeing crashes during his opening testimony before a Senate subcommittee on Tuesday. “I want to speak directly to those who lost loved ones on Lion Air Flight 610 and Ethiopian Airlines Flight 302,” Calhoun said, referring to the deadly […]

Sanders drops subpoena effort after Novo Nordisk CEO agrees to testify

Sen. Bernie Sanders (I-VT) on Friday dropped his request for subpoenas of drug company executives after the CEOs agreed to testify before the Senate later this year. Sanders announced earlier this week that he would vote on a subpoena for Novo Nordisk’s executive vice president of North American operations, Doug Langa, after the company “repeatedly […]

Ken Langone, CEO Robert Grossman to retire from NYU Langone roles in 2025

Ken Langone, co-founder of Home Depot Inc. and chairman of the NYU Langone Hospital board of directors, and Robert I. Grossman, CEO of NYU Langone Health, will both retire next year, the hospital system announced Thursday. “It is with great satisfaction that I know we have transformed NYU Langone Health into a truly unique institution,” […]

Elon Musk Withdraws Lawsuit Against OpenAI and CEO Sam Altman

Elon Musk, the billionaire owner of X/Twitter and CEO of Tesla, has voluntarily dropped his breach of contract lawsuit against OpenAI and its CEO Sam Altman. of Financial Times Reports The lawsuit, filed three months ago in a San Francisco court, accuses OpenAI of jeopardizing its original mission to benefit humanity by entering into a […]

Southwest Airlines CEO Bob Jordan rejects calls to resign

Southwest Airlines Chief Executive Bob Jordan said Wednesday he has no plans to resign despite facing pressure from activist investor Elliott Investment Management. “We want to understand their ideas. They may have great ideas,” Jordan told reporters after the event in Washington. “At the end of the day, we’re going to treat Elliott like any […]

Southwest Airlines CEO says no plans to step down despite pressure from activist Elliott

See what’s clicking on FoxBusiness.com Southwest Airlines CEO Bob Jordan said Wednesday he has no plans to resign, despite pressure from activist Elliott Investment Management. Jordan, who has been the company’s CEO since February 2022, made the comments on Wednesday while speaking to reporters following an industry event. Jordan has faced sharp criticism from Elliott, […]

Activist investor slams Southwest Airlines CEO, board for ‘poor execution,’ seeks new leaders

Elliott Investment Management reported on Monday that it holds about $1.9 billion worth of shares in U.S. airline Southwest Airlines and has called for changes in the company’s management. Southwest Airlines shares rose 7% to close at $29.70 on Monday. The activist investment management firm said Southwest’s “poor execution” and management’s “stubborn refusal to change […]