Starbucks CEO Brian Niccol defends company’s DEI practices, says they are ‘key’ strength of business
Starbucks CEO Brian Nicole reaffirmed at this week's shareholders meeting that the company calls it a key part of the coffee giant's strength and will continue to focus on diversity. “Starbucks is a very diverse organization and will continue to be a very diverse organization just by our mission, the nature of our values and […]
Intel’s new CEO tasked with turning around chip giant
Please see what you are clicking on foxbusiness.com. Intel announced on Wednesday that its new CEO will be at the helm of the chip maker. Next week, when CEO Lip-Bu Tan assumes his position at Intel, he will do his job to stimulate the company and increase his competitiveness. “I'm honored to be part of […]
Mattel CEO aims to offset Trump’s tariffs by shrinking manufacturing, making more movies
The second US toy company deals with tariffs by reducing its manufacturing operations and leaning towards the biggest brand-starring movies. “We used to be called toy makers,” Kreiz said at the UBS Global Consumer and Retail Conference in NYC. Now, we've become IP [intellectual property] company. “ Mattel CEO Ynon Kreiz has a big bet […]
LVMH wants billionaire Bernard Arnault as CEO until age 85
The gorgeous conglomerate LVMH is trying to clear the path that allows billionaire Bernard Arnaud to be at the helm for almost ten years until he turns 85. According to the company's filings, the company's shareholders own high-end brands such as Louis Vuitton, Dior and Tiffany. Currently, the maximum age for LVMH is set to […]
Distilled Spirits Council CEO warns European whiskey tariff could be 'very, very devastating'
On Wednesday, the CEO of the US Distillation Spirits Council warned that whisky fees in Europe would be “very, very devastating.” “We got the news early this morning, early. [European Union (EU)] We are ready to impose a 50% tariff on American whiskey. It's going to be very devastating,” Chris Swanger told News Nation's Nicole […]
Former Barclays CEO Jes Staley slept with Epstein assistant, court hears
Former Barclays boss Jess Staley had sex with members of staff with serial pedophile Jeffrey Epstein, so the banker told the court on the third day of his evidence when he sues against the proposed financial services ban. UK financial conduct officials said in 2023 it would ban Staley and fined £1.8 million ($2.3 million) […]
DOGE complicates Musk's CEO roles
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Intel names ex-board member Lip-Bu Tan as CEO
On Wednesday, struggling chipmaker Intel nominated former CEO board member Lip Butane on March 18, more than three months after IT company veteran Pat Gelsinger was banished. A respected semiconductor industry veteran, Tan has long been considered a CEO candidate. He was approached by Intel's board of directors in December, Reuters reported to measure his […]
Stefano Domenicali extends term as President and CEO of F1
Stefano Domenicali intends to remain in his current role in Formula 1 for several years. In a statement Wednesday before Australia's Grand Prix Liberty Media began its season, Domenicali announced that he will continue as F1 president and CEO for another five years, extending his term until the 2029 season. Since taking on the role […]
Goldman Sachs CEO: Business community 'understands' what Trump is trying to do with tariffs
Goldman Sachs CEO David Solomon said the business community “understands” that President Trump is trying to do it with taxation on various goods despite wanting “low tariffs everywhere.” Solomon also said in an interview with Fox Business's Maria Bartilomo that Trump is more “engaged” with the business world than his White House predecessor, former President […]