CEOs

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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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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 ... More »

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... More »

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... More »

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... More »

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... More »

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... More »

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,... More »

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... More »

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... More »

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... More »

'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... More »

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... More »

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