CEO

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Ford's New CEO: Guy Who Helped Turn Around Michigan Football

Mark Fields is out, Jim Hackett is in

(Newser) - Mark Fields' tenure as Ford Motor CEO is coming to an end after just three years, during which the company's shares plunged 40%. The New York Times details various bumps in his road: recent safety recalls, the discarded plan to build a $1.6 billion plant in Mexico, Q1...

Philip Morris CEO Wants to Stop Selling Cigarettes 'Soon'

Andre Calantzopoulos' master plan: to replace them with 'smokeless' alternatives

(Newser) - Philip Morris has launched its IQOS smokeless cigarette in the UK, adding to the product's presence in more than a dozen other markets overseas, including Japan and Italy, City AM reports. The cigarette alternative heats up just enough tobacco without burning it to create a vapor, leading to a...

Tech CEO in Hot Water for Threatening Trump

'Bring it secret service' has indeed brought Secret Service to PacketSled's Matt Harrigan

(Newser) - Passions ran high on election night, but perhaps too much so for the CEO of a San Diego cybersecurity startup. Per the Los Angeles Times , Matt Harrigan of PacketSled put up a now-deleted series of heated comments on Facebook (still visible in apparent screen captures on Reddit ) as the...

The Undoing of Priceline's CEO: Affair With an Employee

Darren Huston resigns, won't get severance

(Newser) - The chief executive of Priceline has now become a member of what the Wall Street Journal calls a "not-very-exclusive club" of CEOs "toppled by relationships with employees." Darren Huston has resigned from the online travel company—which also includes Kayak, OpenTable, and Booking.com—effective immediately after...

CEO Upped Salaries to $70K. But Were His Reasons Pure?

Karen Weise of Bloomberg Businessweek takes a hard look at Dan Price

(Newser) - This spring, Seattle-based Gravity Payments CEO Dan Price became an instant sensation when he announced that he would be cutting his roughly $1 million salary to ensure that all 120 of his employees would be paid a minimum salary of $70,000. "It’s not about making money; it’...

CEO of Ralph Lauren: No Longer Ralph Lauren

He hands position off to Old Navy exec

(Newser) - Ralph Lauren is handing off his CEO title of the fashion and home decor empire that he founded nearly 50 years ago. The New York-based company announced Tuesday that Stefan Larsson, who has been the global president of Gap's low-price Old Navy chain for three years, will take on...

Volkswagen CEO Resigns
 Volkswagen CEO Resigns 
Sep 23, 2015 10:19 AM CDT

Volkswagen CEO Resigns

Martin Winterkorn can't survive the growing scandal

(Newser) - Volkswagen's CEO is out as the company reels from its emissions-cheating scandal. Martin Winterkorn announced the decision today, reports CNBC , and no successor has been named yet. The move comes as class-action lawsuits have begun popping up around the country by angry buyers of the company's diesel vehicles,...

CEO Sells Company, Gives Employees 'Life-Changing' Bonus

The average bonus works out to $237K

(Newser) - The founder of one of Turkey's most successful brands, the food delivery company Yemeksepeti, in May sold his 15-year-old company to Germany's Delivery Hero for $589 million. He's quite literally sharing the wealth: $27 million is going to 114 of the company's 370 employees. "Yemeksepeti'...

Best Boss Ever? CEO Gives Workers $1.5M of Own Stock

'Enjoy being an owner of the company,' says Bobby Frist

(Newser) - It was just another day at the office yesterday for 600 employees at Nashville health care company HealthStream—that is, until they received a welcome surprise via a video message sent to their cellphones. In it, CEO Bobby Frist announced that as of late August, they'll all be part-owners...

Twitter's CEO Is Gone Amid Sluggish Growth

Dick Costolo leaves July 1, though company did not explain why

(Newser) - Dick Costolo is stepping down as CEO of Twitter after about five years. The company announced the news in a press release but provided no explanation. CNBC doesn't sound shocked, however: "Many investors and analysts have called for a shakeup amid a sluggish run for Twitter's stock,...

'A Female Shouldn't Be President,' Says Female CEO

Cheryl Rios cites 'hormones,' 'biblical sound reasoning'

(Newser) - Cheryl Rios is the CEO of Dallas-based Go Ape Marketing , but some are saying her views on leadership are as primitive as her company's moniker. Rios recently made it clear on Facebook that she doesn't support Hillary Clinton as president—but it's not just Clinton herself that...

CEO 'Shamed' by Daughter Into Quitting $100M Job

Ex-Pimco chief Mohamed El-Erian says she wanted him around more

(Newser) - The former CEO at one of the world's most powerful investment firms says his daughter shamed him into quitting, Mashable reports. Mohamed El-Erian, who once ran Pimco, says he was struggling to command respect from his 10-year-old daughter at home. "I asked my daughter several times to do...

Silicon Valley Milestone: Oracle CEO Larry Ellison Steps Down

But he'll stay with company he founded as chairman

(Newser) - Larry Ellison is stepping aside as CEO of Oracle, the business software maker he founded in 1977. But he's not going far: Ellison will reclaim the title of chairman and is also taking the role of chief technology officer. Oracle says Ellison wants to focus on product engineering, technology...

CEO Loses His Job After Kicking Puppy

Centerplate chairman apologizes for Des Hague's conduct

(Newser) - Facing anger on social media and a petitions against his company, the CEO who was caught on video kicking a puppy has now resigned, USA Today reports. "The decision comes as a result of [Desmond] Hague's personal misconduct involving the mistreatment of an animal in his care,"...

CEO Caught Kicking Puppy Will Donate $100K

Des Hague of Centerplate says he's 'ashamed and deeply embarrassed'

(Newser) - The CEO of a company that provides food to sports stadiums in the US and Canada will donate $100,000 to create a fund for abused animals after he got caught on video kicking a puppy, reports CBC . Des Hague of Centerplate was captured on an elevator video repeatedly kicking...

&#39;Busy&#39; Ballmer Quits Microsoft
 'Busy' Ballmer Quits Microsoft 
Aug 20, 2014 12:03 AM CDT

'Busy' Ballmer Quits Microsoft

New LA Clippers owner plans to devote his time to team

(Newser) - Steve Ballmer has decided his new role as owner of the Los Angeles Clippers hasn't left him enough free time for other responsibilities—like serving on Microsoft's board. Ballmer, Microsoft CEO for 14 years until he stepped down in February, says he is "very busy" and is...

Male CEO Leaves Job for 'Amazing' Wife, Family

Max Schireson: 'Life is about choices'

(Newser) - Until now, the public debate of work-vs-family has focused more on female workers than male ones. So Max Schireson's decision to demote himself at a major software company and move back home with his family is turning a few heads, Jezebel reports. "Friends and colleagues often ask my...

Tech Exec Shoots CEO, Kills Self

He was upset over demotion, police say

(Newser) - An exec "despondent" over being demoted at a Chicago technology firm shot his boss and killed himself during a one-on-one meeting yesterday, police say. ArrowStream CEO Steven LaVoie, 54, was shot twice as he struggled for the gun with former chief technology officer Tony DeFrances, reports the Chicago Tribune...

American Apparel Dumps Controversial CEO

Dov Charney will 'fight like hell to get his company back'

(Newser) - Controversial American Apparel CEO Dov Charney is getting the boot. After years of lawsuits and sexual harassment allegations, the Los Angeles Times reports that the company's board voted unanimously to terminate Charney yesterday, a decision that "grew out of an ongoing investigation into alleged misconduct" after "new...

Target CEO Exits After Giant Hack

CFO temporarily takes over for Gregg Steinhafel

(Newser) - Target's CEO is leaving his post after a hack of its systems saw 70 million customers' personal information stolen over the holidays. Gregg Steinhafel, who has been with the company for 35 years, is resigning immediately. He will be replaced, for the time being, by chief financial officer John...

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