CEOs

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Barclays Holds Back $29M Bonus From Ex-CEO Tied to Epstein

Jes Staley resigned late last year amid an investigation by UK banking regulators

(Newser) - Update: More bad news this week for Jes Staley, as UK banking regulators continue to investigate exactly what his relationship was with the late Jeffrey Epstein. The Guardian reports that Barclays will be holding back up to $29 million in bonus and share payouts to its former CEO, who resigned...

Tim Cook's Compensation Should Alarm Investors: Firm

He received $99M in 2021, or 1,447 times the wage of an average Apple worker

(Newser) - Apple shareholders are urged to raise a stink about a $99 million pay package awarded last year to CEO Tim Cook, who's already reportedly worth more than $1 billion. In a letter to shareholders published Wednesday, proxy advisory firm Institutional Shareholder Services said there are "significant concerns" about...

Peloton CEO Who'd Hoped to 'Disrupt' Industry Stepping Down

Co-founder John Foley is leaving chief executive role, but he's not completely riding off into sunset

(Newser) - The co-founder of Peloton is stepping down as chief executive after an extended streak of tumult at the exercise and treadmill company. John Foley first pitched the idea of an interactive exercise bike in 2011, hoping to disrupt the industry. Now, he'll give up his CEO position and become...

CEO Who Fired Workers on Zoom Is Back: 'Everyone Is Upset'

Vishal Garg back in Better.com driver's seat after backlash over laying off 900 staffers last month

(Newser) - Vishal Garg has apparently taken all the time he needed to think about what made him decide to pink-slip 900 Better.com workers last month on a short Zoom call. Per a Tuesday memo to staff from the company's board of directors, the embattled founder and CEO is back...

CEO Who Fired Workers Over Zoom Is Taking Time Off

Better.com's board made the announcement about Vishal Garg internally on Friday

(Newser) - Update: The CEO who shot to infamy last week after opting to fire 900 workers during a brief Zoom call is "taking time off." The board of mortgage lender Better.com announced in an internal email on Friday that Vishal Garg would be taking a break "effective...

Zuckerberg No Longer One of Glassdoor's Top CEOs

He's off the Top 100 list for the first time since it debuted in 2013

(Newser) - Since 2013, Mark Zuckerberg has been a staple on Glassdoor's annual ranking of the top 100 CEOs. No more. Bloomberg reports he was booted from the 2021 list due to a sinking approval rating among employees. Some 700 of Facebook's 60,000 employees were surveyed—they simply chose...

CEO of $2B Startup Canned for LSD Use Before Meeting

Iterable's Justin Zhu says he was experimenting with microdosing to enhance his focus

(Newser) - The CEO of a $2 billion marketing startup is no longer the CEO after a move that the Daily Beast files under its "not cool, man" tag. Per a note that Iterable sent to its employees on Monday, Justin Zhu has been fired for violating company policy, Bloomberg reports....

Cruise Line Lost $4B, but CEO's Pay Doubled

Wall Street Journal analysis finds that most chief executives got raises during the pandemic

(Newser) - Last year was a time of enormous economic distress and uncertainty. For the CEOs of major companies, it was also a time of enormous pay raises, the Wall Street Journal reports. While salaries were in many cases unchanged, and some CEOs volunteered to take pay cuts, the Journal notes that...

Despite McConnell Warning, CEOs Plan Defiant Response
Expect Major Pushback
From CEOs on Voting Laws
The rundown
Apr 12, 2021 9:40 AM CDT

Expect Major Pushback From CEOs on Voting Laws

More than 100 business leaders talk strategy on Zoom call, despite McConnell warning

(Newser) - Last week, Mitch McConnell warned American businesses to stay out of politics amid the fallout over Georgia's new voting restrictions . CEOs do not appear to be heeding the warning. Coverage:
  • The call: The Washington Post reports that more than 100 chief executives and corporate leaders spoke on a Zoom
...

Yukon Town Irked After Gaming CEO, Wife Scam COVID Vaccine

Rod and Ekaterina Baker posed as local workers to qualify for shots meant for vulnerable community

(Newser) - An Indigenous community in Canada is miffed after the CEO of the Great Canadian Gaming Corp. and his wife posed as new workers at a local Yukon motel and got the COVID vaccine, doses of which had been allotted to a tiny town due to its vulnerable rural community. Yukon...

He Heads a $23B Fashion Site. He's Walking Away for His Wife

Rubin Ritter, co-CEO of EU e-commerce giant Zalando, wants to prioritize his spouse's career

(Newser) - Rubin Ritter's contract with Europe's largest fashion site isn't set to expire for two-plus years. But a surprise announcement Sunday from the 38-year-old co-CEO of the Berlin-based Zalando indicates he has other plans for the near future—ones that include letting his spouse's career take center...

Report: Ex-Google CEO Just Bought a Passport to EU

Recode: Eric Schmidt has applied, been approved for citizenship in Cyprus in 'passport for sale' scheme

(Newser) - Buried within the pages of a publication in Cyprus last month, a tiny notice appeared written in the Greek alphabet, except for one name written in English: "Eric Emerson Schmidt," of Atherton, Calif. That notice in Alithia was an announcement of an application and approval for Cypriot citizenship,...

Ex-Blue Bell Chief Indicted in Listeria Case

Paul Kruse is accused of trying to cover up 2015 outbreak

(Newser) - In 2015, three people died and seven others were infected in four states in a listeria outbreak tied to Blue Bell Creameries ice cream. Now, a Texas grand jury has charged the former CEO and president of the company, accusing him of leading attempts to conceal the contamination. CNN Business...

Here Are the 10 Most Powerful Women in Business

Accenture CEO Julie Sweet tops 'Fortune' list

(Newser) - For nearly a quarter of a century, Fortune has published a list of the most powerful women in the business world, but this year the magazine notes it hasn't been "business as usual." Obviously, that's because of the pandemic and the effects it's had upon...

After Grisly CEO Murder, Cops Think They Have Their Man

Police believe Tyrese Devon Haspil, 21, may have killed Fahim Saleh over discovery of embezzlement

(Newser) - An arrest has been made in the gruesome Manhattan murder of 33-year-old tech entrepreneur Fahim Saleh. Two officials tell the New York Times that 21-year-old Tyrese Devon Haspil, Saleh's personal assistant, was taken into custody Friday morning and is expected to be charged with second-degree murder, as well as...

CEO Says US Is 'Blessed' to Have Trump, Spurs Boycott

#Goyaway started trending soon after Robert Unanue's remarks at White House

(Newser) - President Trump held a roundtable at the White House Thursday, which included a signing of an executive order on his Hispanic Prosperity Initiative. Among the Latino supporters in attendance was Robert Unanue, CEO of Goya Foods, said to be the largest Hispanic/Latino-owned food company in the US—and it's...

Female CEOs Just Made a Record Fortune 500 List

37 of the companies in the annual ranking are run by women—a record high

(Newser) - This year's Fortune 500 list is out, and the top 10 companies are the same ones that made it in 2019, with Walmart in the No. 1 spot for the eighth year in a row. The real story attracting buzz, though, is that 37 of the companies are led...

Twitter CEO: I Skip Breakfast, Lunch Every Day

Jack Dorsey talks more on his intermittent fasting habits, disputes rumor on his sauna/ice bath habit

(Newser) - People have a lot of questions about Twitter, and about CEO Jack Dorsey in particular, and on Tuesday, the 43-year-old social media leader tried to answer some of them. Wired has the video interview , and one of the questions that came in via the platform he oversees wanted to know...

Diversity Training Follows Rap Video a la Michael Scott

Manulife Financial apologizes for video featuring senior management

(Newser) - The CEO of John Hancock's parent company apologized, then hosted an employee forum on diversity, after a video was released showing senior management rapping in hoodies and dark shades, in a scene that wouldn't be out of place in The Office . The video shared on the company's...

Slack Messages Doom CEO of Luggage Startup
Startup CEO's 
Slack Messages
Did Her In
in case you missed it
Dec 14, 2019 3:00 PM CST

Startup CEO's Slack Messages Did Her In

Steph Korey stepping down from luggage company Away after 'Slack bullying' revealed in Verge report

(Newser) - Last week, an explosive expose by the Verge focused on Away, a luggage startup that ex-employees claimed hid a "toxic work culture," despite a cheerful public-facing message of travel and inclusion. In this "cutthroat culture," workers were said to work "exceedingly long hours" and pressured...

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