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 […]
Lobbying World: Consumer Brands Association regroups as CEO departs
of Consumer Brands Association The Association of Life Insurance Companies (CBA) has announced a slew of new hires and promotions following the departure of former CEO David Chavern to become president and CEO of the American Association of Life Insurance Companies. CBAs have been added Jonathan Bridgman As a Membership Program Manager, Jennifer Smith As […]
Starbucks’ interim boss sells $341K in stock after surprise CEO shuffle
Starbucks’ interim CEO cashed out more than $341,000 in Chipotle stock following news that the company had named Chipotle CEO Brian Niccol to replace embattled President Lakshman Narasimhan, according to securities filings. Rachel Ruggeri, the Seattle-based coffee chain’s chief financial officer and interim CEO until Nicol officially takes over on Sept. 9, sold 3,750 shares, […]
X CEO Linda Yaccarino says GARM antitrust lawsuit aimed at fixing ‘broken’ ad ecosystem
The stunning antitrust lawsuit filed by Elon Musk’s X against a now-disbanded advertising cartel and several brands it accused of colluding to boycott is an important step in fixing a “broken” ecosystem, X CEO Linda Yaccarino said on Tuesday. In an interview with The Washington Post, Yaccarino shed new light on Company X’s decision to […]
Starbucks hires Chipotle boss Brian Niccol as next CEO
Starbucks reportedly announced on Tuesday that it was replacing current CEO Lakshman Narasimhan with Chipotle leader Brian Niccol after months of sluggish sales. Niccol has been widely praised for turning around Chipotle’s business, helping to drive up the company’s stock price by more than 50 percent over the past year, the company said. Niccol will […]
Bank of America no longer seeing a recession, CEO says
Jeff Sica, founder of Circle Squared Alternative Investments, argues this week’s CPI and PPI inflation data will make or break Varney & Co.’s stock market. Bank of America CEO Brian Moynihan said over the weekend that the bank’s economists no longer believe the U.S. is heading for a recession. “Bank of America Research is no […]