3M hires outsider Bill Brown as CEO, shares jump
See what’s being clicked on FoxBusiness.com Conglomerate 3M has named Bill Brown, the former head of L3Harris Technologies, as its next chief executive, betting that an outsider will take the reins amid declining sales and multiple lawsuits. CEO). The company’s shares rose nearly 7% on Tuesday. Shares fell about 14% this year to the end […]
White House summons UnitedHealth CEO as payment paralysis enters 3rd week – The Washington Post
Biden administration officials on Tuesday ordered UnitedHealth Group to reinstate the U.S. health care system in the wake of the national health care payment crisis that threatens the ability of hospitals, doctors and other health care organizations to finance their operations and provide care. He called for further steps to be taken to stabilize the […]
Former Activision CEO Bobby Kotick Expresses Interest in Buying China’s TikTok to Prevent Ban
Activision’s former CEO Bobby Kotick has announced that TikTok’s parent company in China, the Chinese tech giant ByteDance, has benefited from the Chinese Communist Party regime, amid discussions about banning the TikTok app in the United States. It is reported that the company expressed interest in acquiring the app based on certain circumstances. Kotick, former […]
Apple CEO Tim Cook drastically ramps up lobbying in Washington as antitrust crackdown looms
Apple has launched a major charm offensive in Washington to counter a new wave of antitrust fever. And lobbyists and executives, including CEO Tim Cook, have met at the White House at least 87 times since Biden took office, according to public documents. The $3 trillion tech giant has been linked to Beltway influence peddlers, […]
Citigroup CEO Jane Fraser has chance to pull off the restructure of the century, bring banking empire back to its former glory
It seems almost unbelievable that there was a time, and not that long ago, when Citigroup was the model financial services company. It could happen again, but only if CEO Jane Fraser pulls off the restructuring of the century. Full disclosure: I don’t believe in Citi’s comeback story, but there are people I respect on […]
OpenAI reinstates CEO Sam Altman to board after firing and rehiring | OpenAI
OpenAI CEO and co-founder Sam Altman has returned to the company’s board following an external investigation into the turmoil that led to the company abruptly firing and rehiring him in November. OpenAI said in an investigation by law firm WilmerHale that Altman’s firing was “the result of a broken relationship and loss of trust” between […]
NYCB takes more action as CEO works a new business plan
Sheila Baer talks about the New York community bank crisis on “Claman Countdown.” The next CEO will be new york community bank (NYCB) announced Thursday that it is working on a new business plan after the beleaguered bank received a $1 billion lifeline from investors on Wednesday. He also announced a dividend cut for the […]
Vice Media CEO abruptly ends virtual meeting about staff lay-offs due to flood of thumbs-down emojis
A virtual town hall meeting to discuss layoffs at Vice Media ended abruptly last week after executives complained about a flood of “thumbs down” emojis filling the screen. Chief content officer Corey Huyck was updating the company Wednesday on recently announced layoffs when a flood of angry emoji reactions started pouring in. “The macro landscape […]
Nvidia CEO Jensen Huang says AI could pass most human tests in 5 years
Dan Niles, Senior Portfolio Manager at Satori Funds, analyzes the performance of the “Magnificent 7” stocks and identifies some upcoming investment opportunities in “How to Make Money.” Nvidia CEO Jensen Huang said on Friday: Artificial general intelligence (AGI) Depending on your definition, this could happen in as little as five years. Mr. Huang, who heads […]
Kellogg’s Faces Boycott After CEO Pushes ‘Cereal for Dinner’ in Response to Inflation
Kellogg Co. is facing a boycott after its CEO suggested cash-strapped families struggling with inflation should have “cereal for dinner.” Furious consumers will send a message to Kellogg during the fiscal second quarter and boycott Kellogg from April 1 to June 30 in an effort to pressure the company to lower prices, officials said. The […]