CEOs

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Fired McDonald's CEO Will Get $670K Golden Handshake

Company's top HR exec is also leaving

(Newser) - Fired CEO Steve Easterbrook is getting a golden handshake from the Golden Arches. The McDonald's CEO will receive around $670,000 from the company, which is half his annual salary. But according to a separation agreement filed Monday, Easterbrook will forfeit almost $22 million in unvested stock options, USA ...

A Defense of Elizabeth Holmes
A Defense
of Elizabeth
Holmes
in case you missed it
Oct 19, 2019 3:00 PM CDT

A Defense of Elizabeth Holmes

Vilified former Theranos CEO is a genuine 'visionary,' argues John Tamny

(Newser) - She is perhaps the most vilified CEO—now former CEO—in the country. But in a lengthy analysis at RealClearMarkets , the site's editor stakes out a strong defense of Theranos founder Elizabeth Holmes . "My take is that with time Holmes will be vindicated as a visionary whose main...

Juul Honcho Is Out as Ads Halt
Juul Honcho Is
Out as Ads Halt
Sep 25, 2019 9:50 AM CDT

Juul Honcho Is Out as Ads Halt

Company says it won't lobby against proposed ban on some e-cigarettes

(Newser) - E-cigarette maker Juul has a new face at the helm with the vaping industry falling under greater scrutiny. The company announced Wednesday that CEO Kevin Burns will be replaced by KC Crosthwaite, who currently serves as senior vice president for chief strategy and growth at tobacco giant Altria, reports the...

Big-Name CEOs to Congress: You Need to Act Now

Heads of Twitter, Uber, others write letter asking for tougher gun laws

(Newser) - The CEOs of nearly 150 companies are stepping into the nation's gun debate, imploring Congress to expand background checks and enact a strong "red flag" law. In a letter sent to the Senate on Thursday, CEOs from businesses including Airbnb, Twitter, and Uber asked Congress to pass a...

Female CEOs Are Paid Well, but There's a Catch

They run just 19 of 340 companies analyzed for AP

(Newser) - The few women who are CEOs of the largest US companies typically make more money than their male counterparts but aren't close to the top of the leaderboard for pay packages. The median pay package for female CEOs in the 2018 fiscal year was $12.7 million, compared with...

Shares Plunge After LaCroix CEO Issues Weird Report

Nick Caporella likens his job to managing a 'handicapped' person

(Newser) - In another setback, the maker of LaCroix sparkling water saw shares plummet after releasing a bleak earnings report Thursday—but the CEO's odd language is getting as much attention, CNBC reports. "We are truly sorry for these results stated above," National Beverage CEO Nick Caporella writes in...

Nearly 20 Years After Enron Scandal, Ex-CEO a Free Man
A Famous CEO Villain
Is Out of Prison
Feb 22, 2019 10:23 AM CST

A Famous CEO Villain Is Out of Prison

Enron's Jeffrey Skilling was released from federal custody on Thursday

(Newser) - He spent a dozen years behind bars for his role in the Enron scandal. Now, the energy company's former CEO is once again a free man, per Reuters . The Bureau of Prisons says that Jeffrey Skilling—who'd been convicted in 2006 on charges of securities fraud, insider trading,...

US CEOs Earn 300 Times More Than Average Worker
Pay Gap
Between
CEOs, Workers
Just Jumped
NEW REPORT
Aug 16, 2018 1:06 PM CDT

Pay Gap Between CEOs, Workers Just Jumped

The big bosses make 312 times more than their workers

(Newser) - For every dollar made by the average Facebook employee, Mark Zuckerberg earned $37 in 2017. As far as CEO pay goes, that's nothing. The CEOs of America's top 350 publicly held companies earned an average of $18.9 million in wages, bonuses, and stock options last year, or...

PepsiCo's Longtime Female CEO Is Stepping Down

Indra Nooyi, a native of India, has been in top spot for 12 years

(Newser) - Longtime PepsiCo CEO Indra Nooyi will step down as the top executive at the world's second-largest food and beverage company. Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 100 company. She oversaw the company during a...

Fiat Chrysler Had No Idea CEO Had Been Ill So Long

Sergio Marchionne had been receiving treatment for 'serious illness' for more than a year

(Newser) - The illness and death of Fiat Chrysler's fast-charging, unconventional CEO may have seemed sudden and surprising to many, but Sergio Marchionne was apparently sick for longer than anyone—even his employer—knew. That news comes to the Wall Street Journal from University Hospital Zurich, which notes Marchionne had a...

'He Saved Our Company': Fiat Chrysler CEO Dies at 66

Sergio Marchionne passed away after complications following shoulder surgery

(Newser) - "Who the hell is this guy?" was an analyst's reaction to Sergio Marchionne when the latter joined the auto industry in 2003. Fifteen years later, Marchionne has earned a description from the Wall Street Journal as "one of the last larger-than-life car-maker CEOs," though that comes...

Paycheck of Top-Paid CEO in US: $102.2M

Honors go to First Data Corp.'s Frank Bisignano of Ga.; other states' CEOs do well, too

(Newser) - Les Moonves made $68.4 million in 2017 as the CEO of CBS, but New York didn't claim the highest-paid CEO in the country last year—Georgia did, with First Data's Frank J. Bisignano bringing in a $102.2 million paycheck. The AP and Equilar, an executive data...

Ranks of Top Female CEOs Just Got Thinner

Denise Morrison of Campbell Soup steps down

(Newser) - A series of high-level departures over the last year thinned the ranks of women leading Fortune 500 companies. On Friday, another departure was added to the list: Denise Morrison announced she is stepping down as CEO of Campbell Soup. That leaves 23 women in charge of Fortune 500 companies, or...

Backpage CEO Wraps Up '3-State Guilty Plea Tour'

Carl Ferrer will testify against co-founders, face max of 5 years in Arizona

(Newser) - A laundry list of high-level staffers at Backpage.com are facing money laundering and facilitating prostitution charges , with one top executive now agreeing to testify against the rest of them. Per the AP , CEO Carl Ferrer has struck a plea deal in which he'll admit guilt to state and...

Goldman Sachs' Next CEO Has a Surprising Hobby

Co-president David Solomon likes to spin sick beats

(Newser) - One of Goldman Sachs' co-presidents, a part-time DJ, is set for promotion, while the other, a karate black belt, is packing his bags. Harvey Schwartz, appointed co-president when Gary Cohn left for the White House in December 2016, will leave the firm after its board of directors chose fellow co-president...

'We F---ed Up': A Year in Swearing CEOs

121 swear words uttered in conference calls in 2017

(Newser) - More than any other year on record, quarterly earnings conference calls were profanity-laced in 2017, thanks to a CEO complaining his work is "stressful as s---" and another admitting "we f---ed up." Quartz searched transcripts of conference calls compiled by data provider Sentieo to determine just how...

CEOs Plan to Sidestep Trump in White House Talks

They're distancing themselves from the president

(Newser) - America's business leaders are working on ways to distance themselves from President Trump without completely giving up on influencing the White House, analysts say. With the White House business advisory councils disbanded and CEOs steering clear of Trump after his remarks on Charlottesville, companies plan to try to deal...

2 More CEOs Resign From Trump Council

Intel, Under Armour chiefs are out

(Newser) - In what President Trump's critics say is turning into an exodus, two more CEOs stepped down from the president's American Manufacturing Council on Monday. The resignations of Under Armour CEO Kevin Plank and Intel CEO Brian Krzanich followed that of Merck Pharma CEO Kenneth Frazier, who was strongly...

Most-Loved CEOs Aren&#39;t Who You Think
Most-Loved
CEOs Aren't
Who You Think
Jun 21, 2017 11:33 AM CDT

Most-Loved CEOs Aren't Who You Think

Elon Musk comes in at No. 8

(Newser) - It's not much of a surprise that Travis Kalanick was left off Glassdoor 's list of the top 100 CEOs, based on opinions from the employees they manage. But what may come as a surprise are those on the top of the list, who inched past Mark Zuckerberg...

Female CEO Who Now Makes More Than Marissa Mayer

IBM's Virginia Rometty was compensated $32.3M in 2016, Mayer just $27.4M

(Newser) - Think "well-compensated female CEO" and Marissa Mayer is likely to come to mind, but the Yahoo CEO has been knocked off her perch as the highest-paid one, per an Equilar-AP analysis . The survey included only women CEOs who've been in their roles for at least two years at...

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