CEO

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WeWork's CEO Had an 'Exit Plan.' Then the Door Closed

Inside the rise and fall of WeWork

(Newser) - A little more than a year before Adam Neumann was ousted as WeWork's CEO and exited very, very rich , he thought he was about to become very, very, very rich. As Gabriel Sherman writes in a lengthy piece for Vanity Fair , Neumann had what Sherman terms an "escape...

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 ...

McDonald’s CEO Is Fired Over Consensual Relationship

Steve Easterbrook was ousted on Friday

(Newser) - Steve Easterbrook was CEO of McDonald's on Friday. Now he's out of a job after the company caught him having a consensual relationship with a colleague, the Wall Street Journal reports. Easterbrook didn't publicly disagree: "This was a mistake," he said in an email to...

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...

Tech CEO Found Dead Thought She Was 'in the Matrix'

Dad faults police, says search for Erin Valenti wasn't a priority

(Newser) - The father of a tech CEO found dead in the back seat of a rental SUV in a quiet area of San Jose, Calif., is claiming a "charade" of a police search. Cops began searching for Erin Valenti, CEO of Utah-based app development company Tinker Ventures, after she missed...

CEO Raising Everyone's Salary to at Least $70K

The process will be finished in 2024

(Newser) - When Gravity Payments bought Boise, Idaho, firm ChargeItPro three years ago, the lowest-paid employees made $24,000 a year. That soon went up to $40,000—and Gravity CEO Dan Price says it will be $70,000 by 2024. To mark the opening of a new Boise Gravity office, which...

Report: WeWork Directors Want to Oust Eccentric CEO

Adam Neumann could be pushed out Monday

(Newser) - Directors at office-sharing company WeWork are considering kicking eccentric co-founder Adam Neumann out of the CEO's office, insiders say. Sources tell the Wall Street Journal that a group of directors—including some linked to Japanese conglomerate SoftBank, the company's biggest investor—want him ousted to salvage an IPO...

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,...

After Bizarre Posts, Founder of Skincare Brand Dead at 40

Brandon Truaxe was ousted at Deciem after 'outrageous' online behavior

(Newser) - A genius with a troubled mind: Brandon Truaxe, founder of the skin care company Deciem, died on Sunday after months of bizarre online posts. The company did not disclose the cause of death, though police in Toronto said they had recovered the body of somebody who had fallen from the...

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...

Papa John&#39;s Founder Resigns as Chairman
Papa John's
Is Now
Papaless
Jul 12, 2018 12:36 AM CDT

Papa John's Is Now Papaless

Founder John Schnatter resigns as chairman

(Newser) - Papa John's says founder John Schnatter has resigned as chairman of the board. The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a conference call in May, the AP reports. The apology came after Forbes cited an anonymous source saying the...

Pilots Say They Were Groped by LaCroix Water CEO

Lawsuits accuse Nick Caporella of 'unwanted touching'

(Newser) - National Beverage Corp. CEO Nick Caporella is 82 and still pilots the company's business jet—but two other pilots say he can't keep his hands to himself when he's in the cockpit. The male pilots have filed lawsuits in the last two years accusing Caporella of "...

'Biohacker' CEO Found Dead in Flotation Tank

Aaron Traywick injected himself with experimental treatment

(Newser) - A "biohacker" CEO who sought to cure diseases and prolong lives with experimental gene therapies has died at just 28. Aaron Traywick, CEO of Ascendance Biomedical, was found dead Sunday in a flotation tank in a Washington, DC, spa room, Live Science reports. Police say they are investigating the...

CEO Sings 'Unfortunate' Song Before Interview, Apologizes

Sainsbury's head Mike Coupe was filmed singing 'We're in the Money'

(Newser) - As far as gaffes go, it's pretty priceless: A CEO waiting to discuss his company's new $10 billion deal in an ITV News interview was filmed singing "We're in the Money." Mike Coupe, the head of Sainsbury's supermarkets, was captured quietly singing, "We'...

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...

Search Ends for Quiksilver CEO Lost at Sea

Police will now search beaches for clues

(Newser) - A search for missing Boardriders CEO Pierre Agnes has ended with no sign of the 54-year-old father of three, who is now presumed dead. Agnes had been fishing off the southwest coast of France early Tuesday when he told port authorities his return would be delayed because of thick fog,...

Quiksilver CEO Went Fishing. Only His Boat Came Back

Pierre Agnes' boat was washed ashore in France

(Newser) - The CEO of surfwear brand Boardriders, which recently changed its name from Quiksilver, was declared missing at sea Tuesday after he went fishing off the coast of France—and only his boat came back. The French coast guard says it has launched a search and rescue operation for 54-year-old Philip...

It&#39;s Official: Uber Has a New CEO
Uber Gains a
'Scared' CEO
Aug 30, 2017 9:10 AM CDT

Uber Gains a 'Scared' CEO

Dara Khosrowshahi is leaving Expedia to lead ride-sharing company

(Newser) - Uber's board has indeed made its "truce choice" for a new CEO. Per Recode , Dara Khosrowshahi, who's helmed Expedia since 2005, has officially been designated the new head of Uber after former CEO Travis Kalanick's drama-filled June resignation . Khosrowshahi penned a memo to his Expedia staff...

Uber Finds 'Truce Choice' for New CEO

Job will be offered to Expedia's Dara Khosrowshahi

(Newser) - After weeks of rumors that ousted Uber CEO Travis Kalanick's successor would be Meg Whitman, GE's Jeffery Immelt, or even Kalanick himself , the company's board has finally made a decision. Sources tell the Wall Street Journal and the BBC that after Immelt ruled himself out over the...

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