executives

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Inside the Ultra-Secret Club That Knows WD-40's Recipe

Guarded notebook in San Diego bank vault holds the original lubricant formula, seen by an elite few

(Newser) - Membership in one of San Diego's most private clubs comes with no bar, no food, and one perk: a glimpse of the recipe for WD-40. Only a handful of people worldwide have seen the full, handwritten formula for the 70-year-old lubricant, which is used for everything from loosening rusted...

Auto Lender Execs Accused of 'Systematic' Fraud

Tricolor Holdings was one of the 'cockroaches' Jamie Dimon warned about

(Newser) - A car lender that collapsed in September is now at the center of a criminal case. Federal prosecutors in Manhattan have charged Daniel Chu, founder and CEO of Tricolor Holdings, and chief operating officer David Goodgame with running what they call a multiyear, "systematic" fraud that helped the now-bankrupt...

Elon Musk's X Settles Lawsuit From Ousted Twitter Execs

Settlement follows executives' claims of unpaid severance after takeover

(Newser) - Elon Musk's X Corp has settled a lawsuit with four former top Twitter executives who claimed they were owed $128 million in severance pay after Musk acquired the company and promptly fired them, Reuters reports. The group includes former CEO Parag Agrawal, CFO Ned Segal, legal chief Vijaya...

4 Ex-VW Execs Involved in 'Dieselgate' Hear Their Fates

Convicted of fraud in emissions cheating scandal, 2 men get prison, 2 get suspended sentences

(Newser) - Four former Volkswagen executives were found guilty of fraud in a court in Braunschweig, Germany, on Monday, a decade after the company's emissions-cheating scandal was exposed. Jens Hadler, once head of diesel engine development at VW, received the longest sentence—four and a half years in prison, per...

Florida Panthers Exec Suspended Over X Posts

Douglas Cifu reportedly engaged with a Maple Leafs fan

(Newser) - A postgame social media exchange with an opposing NHL team's fan has led to the suspension of Florida Panthers minority owner Douglas Cifu. The Washington Post reports that after besting the Maple Leafs in Game 4 of the Stanley Cup playoffs on Sunday, the Toronto fan "opened the...

Berated by John Oliver, Health Insurance Exec Sues

Dr. Brian Morley, ex-medical director of AmeriHealth Caritas, claims defamation

(Newser) - A former health insurance boss is suing John Oliver for defamation, arguing the Last Week Tonight host "knowingly manipulated" his words to make millions of viewers believe he'd illegally denied care to a quadriplegic. In an episode on Medicaid released April 14, 2024, Oliver described the case of...

'Tough and Brilliant,' He Led Time Warner, Citigroup

Businessman Richard Parsons dies of cancer at 76

(Newser) - Richard Parsons, one of corporate America's most prominent Black executives who held top posts at Time Warner and Citigroup, died Thursday, reports the AP . He was 76. Parsons, who died at his Manhattan home, was diagnosed with multiple myeloma in 2015 and cited "unanticipated complications" from the disease...

Cops Warn of Threats Against CEOs—and Themselves

NYPD fears Luigi Mangione's alleged action will 'inspire a variety of extremists'

(Newser) - The Pennsylvania police force that arrested alleged healthcare CEO killer Luigi Mangione, viewed as a hero to some, says it's being threatened alongside locals tied to the arrest. "We have received some threats against our officers and building here," Derek Swope, deputy chief of the Altoona Police...

OpenAI's CTO, Other Execs Step Down
OpenAI's CTO,
Other Execs
Step Down
Sep 26, 2024 6:22 AM CDT

OpenAI's CTO, Other Execs Step Down

Mira Murati, others left 'independently of each other and amicably,' per CEO Sam Altman

(Newser) - OpenAI just lost quite a few of its top dogs. SFGate reports that CTO Mira Murati, 35, is stepping down from her post at "San Francisco's buzziest tech startup," as are Bob McGrew, the artificial intelligence company's chief research officer, and Barret Zoph, research VP. CEO...

SBF's Ex Could Get Years Behind Bars at Sentencing
Judge: SBF's Ex Can't
Avoid Prison Time
UPDATED
Sep 24, 2024 3:33 PM CDT

Judge: SBF's Ex Can't Avoid Prison Time

Caroline Ellison sentenced to 2 years

(Newser) - Caroline Ellison was sentenced to two years in prison on Tuesday after she apologized repeatedly to everyone hurt by the FTX fraud. US District Judge Lewis A. Kaplan said Ellison's cooperation in the case was "very, very substantial" and praised her testimony. But he said a prison sentence...

NFL's DC Team Suspends VP Over Undercover Video

Rael Enteen of Commanders is caught disparaging players, fans, others

(Newser) - An exec with the NFL's Washington Commanders has been suspended after he was captured dissing players and fans in secretly recorded videos, report ESPN , NBC , the Athletic , and the AP .
  • The videos: Rael Enteen, the team's vice president of content, connected with a woman on the dating app
...

Near Summit of 10K-Foot Peak, Audi Exec Takes Fatal Fall

Fabrizio Longo, 62, was 'touring his beloved mountains,' company says

(Newser) - The managing director of Audi Italia has met a tragic end while doing something he loved. Fabrizio Longo, who was also an experienced mountaineer, fell on a solo climb up Cima Payer, a 10,000-foot mountain in Italy's Adamello-Presanella Alps, a few miles from the Swiss border, on Sunday,...

Ex-PepsiCo Exec Is Suing Over Flamin' Hot Cheetos

Richard Montanez says he invented Flamin' Hot Cheetos, claims company ruined his career

(Newser) - A court case could soon settle a spicy dispute: Who invented Flamin' Hot Cheetos? A former PepsiCo executive is suing the company, saying it destroyed his career after questioning his claim that he invented the popular flavor of Cheetos. According to his lawsuit, Richard Montanez began working for PepsiCo as...

Airport Chief Hurt in Shootout With ATF Agents
Airport Chief
Shot During ATF
Gunfight Dies
UPDATED
Mar 22, 2024 1:30 AM CDT

Airport Chief Shot During ATF Gunfight Dies

It's still not clear what agents were looking for

(Newser) - The Arkansas airport director shot by federal agents who were serving a search warrant on his home early Tuesday has died, the airport announced Thursday. Bryan Malinowski, 53, "was a 16-year employee of the airport," the chair of the Little Rock Municipal Airport Commission said in a statement...

Ex-Disney CEO: Working There Was '3 Years of Hell'
Ex-Disney CEO: Working
There Was '3 Years of Hell'
THE RUNDOWN
Sep 7, 2023 9:55 AM CDT

Ex-Disney CEO: Working There Was '3 Years of Hell'

CNBC reports on friction between former chief Bob Chapek, former/current chief Bob Iger

(Newser) - When Bob Chapek assumed the leadership mantle at Disney in early 2020, it was no secret there was some friction between himself and former CEO Bob Iger—and in late 2022, the Disney board fired Chapek amid criticisms of his management, and Iger came out of retirement and reassumed his...

More Twitter Safety Execs Flee Twitter
More Safety Execs
Flee Twitter
Jun 3, 2023 11:30 AM CDT

More Safety Execs Flee Twitter

AJ Brown, platform's head of brand safety and ad quality, steps down right after Ella Irwin

(Newser) - First Ella Irwin, Twitter's second head of trust and safety under Elon Musk, resigned earlier this week. Now, two more safety executives at the company are stepping away as well, leaving many wondering what this means for the platform's future with advertisers. Sources tell the Wall Street Journal ...

3M Fires Top Exec Weeks After Promotion

Company cites 'inappropriate personal conduct'

(Newser) - 3M has fired prominent company executive Michael Vale due to "inappropriate personal conduct and violation of company policy," the maker of Post-it notes, industrial coatings, and ceramics announced on Monday. Vale was promoted to group president and chief business and country officer just last month. He worked at...

After a Break, Oligarchs Start Dropping Like Flies Again

3 Russian businessmen mysteriously die over weekend, including one who fell from hotel window

(Newser) - It's been a while since the murky death of a Russian oligarch or other high-profile exec has made headlines, but this month saw that streak broken. Per the BBC , 65-year-old sausage magnate Pavel Antov, who's topped Forbes' list of the richest Russian businessmen, was found dead Sunday at...

Russia's Latest Odd Death: Exec Who Fell 'From a Great Height'

Putin ally Anatoly Gerashchenko, 72, died falling down stairs

(Newser) - There's been a fall out of a private yacht , a fall out of a sixth-story hospital window , and now, a fall down a flight of stairs. Anatoly Gerashchenko is the latest high-profile Russian executive and Putin ally who's met what Insider calls an "accidental or untimely" demise,...

Russian Bigwig Found Dead After Boat Fall
Another Russian
Exec Takes a Fall
Sep 14, 2022 11:05 AM CDT

Another Russian Exec Takes a Fall

Ivan Pechorin, described as a Putin ally, may have been drunk when he fell into Sea of Japan

(Newser) - An executive helping to oversee development in Russia's Far East has become at least the ninth Russian businessman to be found dead since the start of this year. Ivan Pechorin, an aviation director with the Corporation for the Development of the Far East and the Arctic (KRDV), fell from...

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