CEOs Redeemed

Stories

10 Stories

May 2008
- IAC, Liberty Make Peace Over Spin-Offs
  
  Wall Street Journal | May 14, 08 8:48 AM CDT
  
  (Newser) - The months-long feud between media barons John Malone and Barry Diller over IAC spin-offs has ended amicably, the Wall Street Journal reports. Malone's Liberty Media, the majority shareholder in IAC, will drop its opposition to Diller's plans to divide IAC/Interactive Corp into five separate entities. Liberty will have the right to nominate up to 20% of the directors in the new companies. More »
December 2007
- Being a Tech CEO Means Having to Say You're Sorry
  
  Forbes | Dec 14, 07 6:02 PM CST
  
  (Newser) - Saying "sorry" has become a necessary skill for tech execs, Forbes reports—from AMD's CEO, who apologized yesterday for delaying its latest chip launch, to Facebook's founder, who begged forgiveness after an advertising program violated users' privacy. The frequency of technology leaders' public contrition testifies to the power of the Internet to amplify consumer discontent—and force companies to listen. More »
November 2007
- HP Earnings Spike 28%
  
  CNN | Nov 19, 07 6:37 PM CST
  
  (Newser) - Computer and printer giant Hewlett-Packard rode strong server, software, and PC sales to a 28% boost in fourth quarter earnings from a year ago, CNN Money reports. The company posted a net profit of $2.2 billion, with a share price of 81 cents, up from 60 cents a year ago. The profits defied low industry expectations set by tech companies like Cisco Systems and Qualcomm, the Wall Street Journal reports. More »
- Goldman Leads Wall Street Bonus War
  
  Bloomberg | Nov 19, 07 11:56 AM CST
  
  (Newser) - The Big Five Wall Street securities firms will pay $38 billion in bonuses this year—up from $36 billion last year—while shareholders tote up $74 billion in losses, their worst year since 2002, Bloomberg reports. All but Goldman Sachs lost more than 20% of their market value, says an analyst, but "they're all going to have to fall into line. If Bear and Merrill plead poverty, they're going to lose all of their good people.'' More »
- GM’s Wagoner Weathering the Storm
  
  BusinessWeek | Nov 8, 07 9:31 AM CST
  
  (Newser) - CEO heads are rolling on Wall Street as third quarter red ink stains their reps and boards act to soothe shareholder worries with new management, cost cutting, and reorganization. But it's business as usual in Detroit, where GM CEO Rick Wagoner just announced a staggering $39 billion loss, reports Business Week . Motor City madness? Just dealing with reality. More »
- Why the CEO Talent Pool Is So Small
  
  Wall Street Journal | Nov 5, 07 4:47 PM CST
  
  (Newser) - With Citigroup and Merrill Lynch both suddenly searching for new CEOs, the Wall Street Journal looks at why the list of contenders for the top jobs at Wall Street's biggest firms is so short. Start with an earn-or-die corporate culture, which taints talented chief executives who fail to deliver in short order, as well as division heads who tend to be sacrificed to an unhappy board when they have a bad quarter. More »
August 2007
- In Nardelli, Chrysler Found Its Maverick
  
  Reuters | Aug 7, 07 4:30 AM CDT
  
  (Newser) - Former Home Depot chief Bob Nardelli has a reputation for being a brusque, hard-edged maverick, and that’s exactly what his new bosses at Chrysler want, Reuters reports. Cerberus Capital Management hopes to stem losses at the automaker by cutting costs, particularly in the delicate area of unionized workers. Nardelli’s gruff style may improve numbers—or it may wind up confounding labor negotiations. More »
October 2006
- Judge Vacates Conviction of Ken Lay
  
  Associated Press | Oct 18, 06
  
  Enron founder Kenneth Lay's criminal record is now clean. A federal judge ruled Tuesday that Lay's death this summer vacated his conviction on fraud and conspiracy charges connected to the downfall of the once mighty energy giant. Lay was convicted of 10 counts of fraud, conspiracy and lying to banks in two separate cases on May 25. He died of heart disease July 5 while vacationing with his wife, Linda, in Aspen, Colo.
February 2006
- Renovating Martha Inc. A year out of jail, she's still crafting her comeback
  
  Newsweek | Feb 27, 06
  
  One year out of the big house, Martha Stewart is finally starting to rebuild her own house of style. Oh, sure, there have been plenty of setbacks: Her "Apprentice" show flopped and her stock is down by more than half over the past year. But there are signs that the worst may be over.
December 2002
- Fallen CEOs can rehab their reputations
  
  Crain's New York Business | Dec 9, 02
  
  Imagine: former tyco chairman Dennis Kozlowski, facing criminal charges for defrauding his company, tells the public that he made mistakes. He goes underground for some years, maybe even to jail. Eventually, he resurfaces as a philanthropist with a fund to help find a cure for brain cancer. He goes on to make millions as a venture capitalist, his past forgiven, though not quite forgotten.