Telegraph CEO steps down, as UK government prepares takeover investigation | Telegraph Media Group
The Telegraph comes as the government prepares to launch a second inquiry into public interest concerns raised by the Berkeley family's complex deal to transfer magazine rights to a consortium backed by the United Arab Emirates (UAE). The paper's chief executive has resigned for the first time in seven years. Nick Huw, who has run […]
Paramount CEO Bob Bakish of layoffs amid takeover talks
Paramount Global CEO Bob Bakish said Thursday that the company will cut jobs in an effort to reduce spending and become a leaner company. Bakish said the entertainment industry faces a weak advertising market, the recent Hollywood double strike and a “volatile” macroeconomic environment as it transitions from traditional film and television to streaming. Ta. […]
Levi Strauss slashing corporate jobs, looking to go upscale under new CEO Michelle Gass
Levi Strauss Co. on Thursday said it expects annual sales and profits to fall short of Wall Street expectations and will cut 10 to 15 percent of its global workforce as the denim maker seeks to control costs amid a weak wholesale business. Levi attributed the weak outlook to the company's withdrawal from the Denizen […]
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 […]