CEO

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CEO Accuses Workers of 'Quiet Quitting,' Taking Care of Kids

Clearlink's James Clarke made some eyebrow-raising comments on remote work at town hall

(Newser) - The CEO of a digital marketing and tech firm is taking a fair amount of flak after remarks that targeted remote workers and working moms. James Clarke, head of Utah-based Clearlink, spoke during a companywide town hall last week to discuss a recent return-to-work order now that the pandemic has...

'Pity City' CEO Sorry Her Comments 'Seemed Insensitive'

The MillerKnoll leader made her controversial statements during a March town hall

(Newser) - The MillerKnoll CEO who instructed employees who were worried about whether they'd be getting a bonus to "leave pity city" has apologized to her staff. MLive reports Andi Owen, who's been at the helm of the company since 2018, sent an email that read, in part: "...

Starbucks' New CEO Is a Certified Barista

Laxman Narasimhan officially took the reins of the coffee giant on Monday

(Newser) - Starbucks officially has a new CEO. The Seattle coffee giant said Monday that Laxman Narasimhan has assumed the role of CEO and joined the company's board of directors. Narasimhan succeeds longtime Starbucks leader Howard Schultz, who came out of retirement last spring to serve as interim CEO while the...

Missing Chinese CEO Is 'Cooperating' in Gov't Investigation

His company, China Renaissance, now says founder Bao Fan is cooperating with government

(Newser) - Bao Fan, the billionaire Chinese investment banking CEO who has disappeared, is "cooperating in" a government investigation, according to China Renaissance Holdings, the company he founded and runs—and which reported him missing weeks ago. The company's board has since "become aware that Mr. Bao is currently...

CEO Sorry for 'All Time Classic Bad' Layoff Memo

Quoting MLK was 'inappropriate,' admits PagerDuty CEO Jennifer Tejada

(Newser) - PagerDuty CEO Jennifer Tejada announced she was laying off 7% of the company's workforce seven paragraphs into a 1,700-word email to employees that referred to the firings as "refinements," included news of executive promotions, and concluded with a quote from Martin Luther King Jr. "I...

Netflix Announces Surprise Leadership Shake-Up

Co-founder Reed Hastings steps down as co-CEO, will stay on as executive chairman

(Newser) - Netflix has a new co-CEO. Greg Peters, who has been serving as the streaming service's chief operating officer, will now take the helm alongside Ted Sarandos, replacing co-founder Reed Hastings, reports the Verge . Hastings will stick around as the company's executive chairman, "a role that founders often...

Ousted Disney CEO's Exit Pay Revealed in Filing

Bob Chapek's package is worth about $20M

(Newser) - Bob Chapek may be out at Disney, but he's definitely not down and out. A Tuesday regulatory filing shows he's slated to walk with a severance package worth about $20 million. Insider gives the breakdown: It's $6.5 million in base salary tied to the scheduled end...

Ex-McDonald's CEO Hit With Another Big Fine

SEC finds Steve Easterbrook misled investors over his 2019 firing

(Newser) - Steve Easterbrook is continuing to pay for his relationships with underlings while serving as CEO of McDonald's. Already forced to return a $105 million severance package so as to settle a lawsuit from his former employer, he's now been fined $400,000 by the Securities and Exchange Commission...

AMC Chief Out After 3 Months, Will Get $10M Severance
AMC Networks Is Having
a Rough Day
Nov 29, 2022 11:38 AM CST

AMC Networks Is Having a Rough Day

CEO Christina Spade leaves after 3 months as network announces layoffs

(Newser) - A surprise in the world of cable TV on Tuesday: AMC Networks CEO Christina Spade stepped down after less than three months on the job, reports CNBC . Neither Spade nor the network gave a specific reason, but the company announced large-scale layoffs soon after the announcement was made, per the...

Musk: 'I Frankly Don't Want to Be the CEO of Any Company'

The CEO/CEO/CEO testified in a Tesla shareholder trial in Delaware

(Newser) - Elon Musk is a CEO in triplicate: It's the title he has at Tesla, SpaceX, and now Twitter. But as he tells it, he'd prefer the count to be zero. Musk said as much from the witness stand Wednesday while in a Delaware court where he was battling...

CEO's Advice to Young Workers: Years of 18-Hour Workdays

Suggestion by Bombay Shaving Co. chief Shantanu Deshpande isn't going over well

(Newser) - On the heels of stories about "quiet quitting" —a workplace trend in which employees are doing the bare minimum to keep their jobs—comes hand-wringing over one man's very opposite work mindset. It's that of the CEO of India's Bombay Shaving Company, who took to...

&#39;$70K CEO&#39; Dan Price Resigns
'$70K CEO' Dan Price Resigns
Aug 18, 2022 11:28 AM CDT

'$70K CEO' Dan Price Resigns

Gravity Payments CEO says he's focusing on fighting 'false accusations' of misconduct

(Newser) - Gravity Payments CEO Dan Price has resigned—and the move is apparently unconnected to his 2015 decision to pay all employees, including himself, a $70,000 salary. In a tweet Wednesday, the CEO of the Seattle-based payments processing company shared a letter to his colleagues in which he said he...

CEO's Teary Selfie a Symptom of 'Banal' LinkedIn

'Everyone's personal anecdotes sound like TED Talks for robots,' Slate's Shannon Palus writes

(Newser) - The head of a social media marketing company recently took some flak for posting a "vulnerable" picture on LinkedIn , showing him in tears as he relayed how he had to lay off some of his workers. Braden Wallake has since issued an apology of sorts for his post as...

Tech CEO Accused of Killing Roommate's GF 30 Years Ago

John Kevin Woodward to face 3rd trial

(Newser) - John Kevin Woodward, CEO of online training company ReadyTech, is going to face a third trial in the 1992 murder of his roommate's girlfriend. Woodward, 58, relocated to the Netherlands after two trials in the 1990s ended in hung juries. Prosecutors say he was arrested Saturday after he arrived...

CEO Pay Took an Eye-Popping Jump Last Year

Typical compensation package for those at helm of S&P 500 companies soared 17.1%

(Newser) - Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according to data analyzed for the AP...

This Ex-Bank CEO's Expense Report Was Eyebrow-Raising

Former Raiffeisen chief Pierin Vincenz gets nearly 4 years in prison after $214K in strip club bills

(Newser) - A former "banker of the year" in Switzerland used his company credit card to pay for a Tinder date, a trip to Australia, and $214,000 in bills from strip clubs, according to testimony heard in a Zurich court before Pierin Vincenz was sentenced Wednesday to nearly four years...

Young Crypto Billionaire: I&#39;m Giving Away Most of My Money
He's 30, Worth $24B, Drives
a Corolla, Sleeps in a Beanbag
in case you missed it
Apr 10, 2022 6:31 AM CDT

He's 30, Worth $24B, Drives a Corolla, Sleeps in a Beanbag

'I don't want a yacht,' crypto CEO Sam Bankman-Fried says of plan to give away most of his money

(Newser) - Sam Bankman-Fried wants FTX, the Bahamas-based cryptocurrency exchange he co-founded, to become the "biggest source of financial transactions in the world." In the meantime, he has a plan for the fortune he's already raking in: He wants to give most of it away. The 30-year-old tech entrepreneur,...

50 Years Later, Fred Smith Is Leaving as FedEx CEO
His Little 1973 Startup
Has Done OK
Mar 29, 2022 12:34 PM CDT

His Little 1973 Startup Has Done OK

Fred Smith stepping down as CEO of FedEx

(Newser) - FedEx Corp. said Monday that Fred Smith will step down on June 1 as CEO of the package-delivery company he started a half-century ago, per the AP . Smith, 77, launched FedEx in 1973, delivering small parcels and documents more quickly than the post office could. Over the decades, he oversaw...

These Bosses May Get Paid Just a Little Too Much

Investor advocacy group as you sow published its most overpaid CEO list

(Newser) - As the chief executive officer of Paycom Software, Chad Richison claims pay of more than $210,000,000, while the average worker at Paycom takes home $71,259—a CEO-worker ratio of 2963:1. And he's not the only head honcho that has a salary that's way in...

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...

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