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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: CEO

CEO stories: 106 news summaries

21 - 40 of 106 Stories | << Prev 1 2 3 4 5 6 Next >>

(AP) - Apple co-founder and CEO Steve Jobs is back at work after a five-and-a-half-month medical leave, during which he received a liver transplant. Jobs, 54, is working from Apple's Cupertino, Calif., headquarters "a few days a week" and working from home the remaining days, an Apple spokesman said today. More »

Jobs' Stand-In
Is Apple's
New Star

Tim Cook may now be a more important player than his returning boss

(Newser) - Steve Jobs is slated to return to Apple this month—he’s already been sighted at the office—but in his absence Tim Cook has made a name for himself, becoming a vital commodity Apple needs to keep, the Wall Street Journal reports. “At this point, losing Tim... More »

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Steve Jobs CEO Apple Tim Cook

Bailed-Out Bank Execs Fly Corporate Jets to Resorts

Citi, BoA, Morgan Stanley CEOs jetted off after cash infusions

(Newser) - Executives at bailed-out banks are still using company jets to fly to vacation homes and resorts, the Wall Street Journal reports. The newspaper reviewed FAA records to find that banks receiving federal aid have flown top execs to locales such as the Caribbean, Aspen, and Europe. Case in point: Less... More »

Ex-Apple Exec Takes Over
at Palm

Rubinstein will be
new CEO as company goes after iPhone

(Newser) - Palm shuffled its top leadership today as it continues to zero in on Apple and the iPhone. Jon Rubinstein, who led Apple's iPod division before jumping to Palm in 2007, will take over as CEO and chairman from Ed Colligan, who is resigning after 16 years. "Colligan's departure means... More »

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CEO Apple smartphones Palm Palm Pre Jon Rubinstein

 Jobs Set to Return to Apple 

After sick leave, CEO 'coming along'

(Newser) - Steve Jobs will likely return to Apple this month as planned, insiders tell the Wall Street Journal, leading some to wonder whether he’ll make a surprise appearance at Apple’s yearly software developers’ conference next week, where a new iPhone is expected to be debuted. Either way, Jobs’ time... More »

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Steve Jobs health iPhone CEO Apple

ANALYSIS

Why Corporate Boards
Seldom Do Their Jobs Well

Directors largely responsible for missteps, but keep their jobs

(Newser) - Recent shareholder meetings at Citigroup and the Bank of America devolved into morality plays—wronged shareholders berated executives, executives apologetically vowed to improve—with a rather curious epilogue: every member of the board of directors was reelected. The reason is that corporate boards are often filled with under-informed, over-paid yes-men... More »

Xerox CEO Shuffle Historic for Women

First female-to-female handoff at big firm; first black woman in role

(Newser) - The announcement that Ursula Burns will replace Anne Mulcahy as head of Xerox is brimming with historical significance, writes Patricia Sellers in Fortune. Not only is it the first woman-to-woman CEO handoff in Fortune 500 history, but Burns will be the first black woman to head a Fortune 500... More »

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women CEO Fortune 500 Xerox Jay-ZTV Anne Mulcahy Ursula Burns

(Newser) - AIG chief Edward Liddy is stepping down after eight months on the job, the Wall Street Journal reports. The government appointed Liddy chairman and CEO last fall after the feds bailed out the insurance giant. Liddy recommended splitting the job into two roles and will remain until his replacements are... More »

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Wall Street CEO AIG insurance industry Edward Liddy

OPINION
(Newser) - Recent studies have yielded a good picture of the ideal CEO, and the life of the party he ain’t, writes David Brooks in the New York Times. Traits like empathy, good communication skills, and team-building aren’t very important. Flamboyant visionaries rarely work out. No, those who often thrive... More »

Sweeter Perks Make Up for Falling CEO Pay

Free bodyguards, life insurance, travel rise despite public outcry

(Newser) - While average CEO compensation dropped 7% in 2008, packages of fringe benefits rose by the same amount, the AP reports. Higher-ups at big companies received perks that ranged from a personal car (complete with driver) to free life insurance to flights on the company jet. One CEO received $400,000... More »

(Newser) - Bank of America shareholders gave Ken Lewis a demotion today. Lewis will remain the bank's president and CEO, but he will lose his position as board chairman, the Wall Street Journal reports. Shareholders—angry about the bank's plummeting fortunes of late—voted to split the chairman and CEO duties. Walter... More »

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Bank of America CEO banking industry chairman Ken Lewis

Thain Accuses BofA of Lying About Bonuses

Fired Merill CEO tries to 'set the record straight' about $3.6B payout

(Newser) - In his first lengthy interview since being pushed out as CEO of Merrill Lynch, John Thain tells the Wall Street Journal that Bank of America—which acquired Merrill in September—is lying about its involvement in the $3.6 billion in bonus payouts that made Thain the poster boy for... More »

(Newser) - News Corp. has hired former Facebook executive Owen Van Natta to run MySpace, the Wall Street Journal reports. The expected move may be announced as early as today. The hiring comes fast for MySpace, which announced Wednesday that current CEO Chris DeWolfe was stepping down, along with fellow co-founder... More »

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(Newser) - More American CEOs than not received raises in 2008, Reuters reports. An AFL-CIO poll of 946 chief executives saw 480 with increased pay, while 463 took a cut. Salaries were up 7%, too; execs with raises earned an average of $5.4 million, while those who saw cuts took in... More »

Insiders: Jobs Still Steering Apple From Home

Sick CEO still handling firms products, strategies

(Newser) - Steve Jobs is keeping a firm grip on the goings-on at Apple despite being on medical leave, sources tell the Wall Street Journal. The chief executive's stand-in, Tim Cook, is handling the day-to-day running of the firm, but Jobs has been working on strategies and products from home, especially the... More »

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Steve Jobs iPhone CEO Apple Tim Cook

(Newser) - The unemployment rate now stands at a 25-year high of 8.5%, but the nation's CEOs say it's only going to get worse. Nearly three-quarters of the leaders of the nation's biggest companies expect to lay off more workers in the next 6 months, USA Today reports. That percentage—71%—... More »

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ANALYSIS

 GE's Immelt 
 Lacks Options 

CEO needs to shrink, simplify the business, but can't

(Newser) - Don’t envy GE’s Jeffrey Immelt. Though his core business remains profitable, the CEO presides over a huge, unwieldy empire. Parts of the conglomerate, like GE Capital, have tanked the entire corporation’s share price and caused it to lose its prized AAA credit rating. Worse, Immelt may  have... More »

CEO Pay Sinks for First Time
in 7 Years

As profits decline, so do bonuses, especially at financial firms

(Newser) - CEOs took a pay cut in 2008—their first in seven years—as profits plunged and brought bonuses with them. The median compensation for the leaders of 200 big US companies fell 8.5% to $2.24 million, the Wall Street Journal reports. That includes both salaries, which rose... More »

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OPINION
(Newser) - Mark Zuckerberg has made mistakes in the past 6 weeks “that would have led to any normal CEO's firing,” Owen Thomas writes for Gawker, and the Facebook CEO's case should be no different. His three strikes: a privacy-shredding “terms of service disaster,” an “awful redesign,... More »

 New GM Boss: 
 Bankruptcy 
 'More Probable' 

Announces program to help unemployed car owners

(Newser) - In his first press conference as CEO of foundering GM, Fritz Henderson today made it clear he wasn’t afraid to talk bankruptcy, saying it was now “more probable,” and that he might even decide to declare bankruptcy before his 60 days were up. “We will do... More »

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