JPMorgan CEO Jamie Dimon shuffles top bosses as Wall Street focuses on succession
JPMorgan Chase & Co. on Thursday reshuffled its investment banking and consumer executives and reorganized management of its various businesses as Wall Street focused on the bank's plan to replace Chief Executive Officer Jamie Dimon. Gained experience. The largest U.S. lender has appointed Marianne Lake as sole CEO of its consumer division, which was previously […]
NPR’s new CEO Katherine Maher scrubs partisan posts: ‘Trump is a racist’
National Public Radio's new CEO Katherine Maher appears to have purged her social media of hyper-partisan and left-leaning posts before taking the helm of the government-backed news network. “Donald Trump is a racist,'' former CEO of the Wikimedia Foundation, an online encyclopedia nonprofit, said. Posted on Twitter in 2018, According to a snapshot of tweets […]
Alaska Airlines finds ‘loose bolts on many’ of its Boeing planes following in-house inspection, CEO says
Ben Minicucci, CEO of Alaska Airlines, said: NBC News On Tuesday, the airline announced that an internal inspection found “a number of loose bolts” on Boeing planes. Earlier this month, an Alaska Airlines flight from Portland International Airport to Ontario, California, was forced to make an emergency landing after a panel on the Boeing 737 […]
Longtime Tesla shareholder calls Elon Musk the most ‘delusional’ CEO he’s ever invested with
Ross Gerber, president and CEO of Gerber Kawasaki, analyzes demand for Tesla EVs in “Craman Countdown.” One of Tesla's most loyal and longtime shareholders is expressing wavering confidence in the electric vehicle (EV) company with Elon Musk at the helm. “Most of our customers own Teslas,” Ross Gerber, president and CEO of Kawasaki Wealth and […]
Alaska Airlines CEO says loose bolts found on ‘many’ planes
Alaska Airlines' CEO has dumped Boeing following recent near-disasters, revealing loose bolts were found in “many” of the airline's 737 MAX 9 planes. CEO Ben Minicucci said new internal inspections of Boeing models in the company's fleet revealed bolts on “many” of the planes had come loose. “I'm angry. I feel more than frustrated and […]
Court Upholds Ruling Banning Pharma CEO Martin Shkreli For Life
A federal appeals court has upheld a district court ruling that permanently banned a drug company president convicted of price gouging to gain monopoly over control of a life-saving drug, authorities announced Tuesday. did. New York State Attorney General Letitia James says the Second Circuit Court of Appeals will permanently ban Viera Pharmaceuticals (formerly Turing […]
United Airlines CEO lashes out at Boeing over Alaska Airlines panel
United Airlines' chief executive has threatened to eliminate Boeing after the near-catastrophic Alaska Airlines door explosion that grounded the company's Max 9 planes. United CEO Scott Kirby: “I think the Max 9 grounding was probably the straw that broke the camel's back.'' He spoke on CNBC's “Squawk Box” Tuesday morning. Kirby lamented the fact that […]
United CEO ‘disappointed’ in Boeing problems, will consider options
United Airlines' CEO says he is “disappointed” by Boeing's recent problems that led to the grounding of many United aircraft and said the company will consider new options in the future. Ta. Scott Kirby said “real action” was needed to restore Boeing's reputation and that he had spoken with Boeing CEO Dave Calhoun to express […]
Morgan Stanley paid James Gorman $37M in last year as CEO
Morgan Stanley's board of directors has given James Gorman a 17% raise in 2023, bringing his total compensation to $37 million in his final year as the bank's chief executive officer. In addition to his base salary of $1.5 million, Gorman received a cash bonus of just under $9 million, according to a regulatory filing […]
Bernie Sanders, Democrats unveil tax bill targeting excessive CEO pay
Sen. Bernie Sanders and the Democratic caucus are pushing for higher taxes on companies that pay their chief executives at least 50 times their typical employee salary, saying the bill is necessary to limit corporate greed. ing. The union-backed proposal could affect some of the nation's biggest companies and largest employers and would prevent companies […]