Norfolk Southern CEO Alan Shaw fired for inappropriate relationship with employee
Norfolk Southern Railway chief executive Alan Shaw was fired at a time when the rail operator was investigating allegations of misconduct by a boss who had “inappropriate” relationships with subordinates and a top lawyer. Shaw was found to have had a consensual relationship with Navaneeta Nag, the company's executive vice president of corporate affairs, chief […]
Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder – CNBC
Warren Buffett speaks at Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett's Berkshire Hathaway Offloaded another chunk Bank of America This brings its total sales since mid-July to more than $7 billion and reduces its stake to 11%. The Omaha-based conglomerate sold a total of 5.8 million shares […]
Southwest shares tumble after airline overhauls board but keeps CEO
Southwest is replacing its board of directors and its chairman is due to step down next year, but it plans to keep Chief Executive Robert Jordan in his position in some concessions to hedge fund Elliott Investment Management, which had called on the airline to make reforms, including firing Jordan. Southwest Airlines said Tuesday that […]
Starbucks CEO Brian Niccol vows to improve US stores
Starbucks' new CEO, Brian Niccol, on Tuesday unveiled his plan for his first 100 days, saying he will focus on improving the customer experience and coffeehouse culture in its U.S. stores. Nicol took over from Lakshman Narasimhan on September 9 at a time when the coffee chain is grappling with sluggish demand in the United […]
JPMorgan’s Jamie Dimon says finding next CEO most important task
JPMorgan Chase & Co. is focusing on succession planning and has “extremely” talented people ready to eventually run the bank, Chief Executive Officer Jamie Dimon said Tuesday. Dimon said he and his team have spent a lot of time thinking about what will happen after he steps down, but did not provide a specific timeline. […]
How Disney CEO Bob Iger undermined ‘lap dog’ Bob Chapek
Disney CEO Bob Iger was called an “assassin” by his former Mouse House boss Bob Chapek, who reportedly complained that Iger had undermined him early on in his disastrous three-year tenure as CEO, and that his wife had accused Iger of being “a lapdog.” “I can't stand another two years of this,” Chapek told aides […]
Sinclair ousts Tennis Channel CEO, citing role as adviser to Dr. Phil: report
Tennis Channel's longtime chairman and CEO, Ken Solomon, was reportedly fired by parent company Sinclair over his ties to Dr. Phil's new media company. Sinclair, the nation's second-largest operator of television stations, challenged Solomon's role as an adviser and director at Phil McGraw's Merritt Street Media company. The Wall Street Journal reported. On the weekend. […]
Norfolk Southern probing CEO over alleged inappropriate relationship
Norfolk Southern Railway said late Sunday it had launched an investigation into allegations of misconduct by Chief Executive Alan Shaw. The company said its audit committee was working with a law firm “to conduct an independent investigation into the allegations.” CNBC The station first reported that Shaw had been having an inappropriate relationship at work, […]
Waffle House CEO Walt Ehmer Dead At 58
(Photo courtesy of Atlanta Police Foundation) OAN Staff Avril ElfiSunday, September 8, 2024 3:55 PM Waffle House CEO and President Walt Emmer has passed away at the age of 58. advertisement The Atlanta Police Foundation announced Emmer's death in a Facebook post. “It is with deep sadness that we announce the passing of Walt Emmer, […]
Waffle House President and CEO Walter Ehmer Dead at 58
Walter G. Emmer, the longtime president and CEO of Waffle House, has died at age 58, the Atlanta Police Foundation announced Saturday. “It is with deep sadness that we announce the passing of Walt Emmer, president and CEO of Waffle House and beloved member of the Atlanta Police Foundation's Board of Trustees,” the nonprofit's officials […]