CEO

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Peloton CEO Who'd Hoped to 'Disrupt' Industry Stepping Down

Co-founder John Foley is leaving chief executive role, but he's not completely riding off into sunset

(Newser) - The co-founder of Peloton is stepping down as chief executive after an extended streak of tumult at the exercise and treadmill company. John Foley first pitched the idea of an interactive exercise bike in 2011, hoping to disrupt the industry. Now, he'll give up his CEO position and become...

Wife of Cryptocurrency CEO Maintains She Watched Him Die

Jennifer Robertson talks about Gerald Cotten and his investors' missing money

(Newser) - Gerald Cotten's death spurred plenty of grief, and not just for his friends and family—one of whom is "finally sharing her side of the story." The CEO of what was then Canada's biggest cryptocurrency exchange died in India from complications of Crohn's disease in...

CEO Who Fired Workers on Zoom Is Back: 'Everyone Is Upset'

Vishal Garg back in Better.com driver's seat after backlash over laying off 900 staffers last month

(Newser) - Vishal Garg has apparently taken all the time he needed to think about what made him decide to pink-slip 900 Better.com workers last month on a short Zoom call. Per a Tuesday memo to staff from the company's board of directors, the embattled founder and CEO is back...

CEO Who Fired Workers Over Zoom Is Taking Time Off

Better.com's board made the announcement about Vishal Garg internally on Friday

(Newser) - Update: The CEO who shot to infamy last week after opting to fire 900 workers during a brief Zoom call is "taking time off." The board of mortgage lender Better.com announced in an internal email on Friday that Vishal Garg would be taking a break "effective...

County Bans Coke Machines Over New Voting Law

Surry County in North Carolina says company is catering to 'bigoted leftist mob'

(Newser) - Good luck finding a Coke at government facilities in Surry County, NC. Nearly two months after Coca Cola's CEO voiced opposition to Georgia's new voting restrictions , leaders of the county in neighboring North Carolina punished him with a measure requiring the removal of all Coke machines from government...

CEO of $2B Startup Canned for LSD Use Before Meeting

Iterable's Justin Zhu says he was experimenting with microdosing to enhance his focus

(Newser) - The CEO of a $2 billion marketing startup is no longer the CEO after a move that the Daily Beast files under its "not cool, man" tag. Per a note that Iterable sent to its employees on Monday, Justin Zhu has been fired for violating company policy, Bloomberg reports....

Cruise Line Lost $4B, but CEO's Pay Doubled

Wall Street Journal analysis finds that most chief executives got raises during the pandemic

(Newser) - Last year was a time of enormous economic distress and uncertainty. For the CEOs of major companies, it was also a time of enormous pay raises, the Wall Street Journal reports. While salaries were in many cases unchanged, and some CEOs volunteered to take pay cuts, the Journal notes that...

Yukon Town Irked After Gaming CEO, Wife Scam COVID Vaccine

Rod and Ekaterina Baker posed as local workers to qualify for shots meant for vulnerable community

(Newser) - An Indigenous community in Canada is miffed after the CEO of the Great Canadian Gaming Corp. and his wife posed as new workers at a local Yukon motel and got the COVID vaccine, doses of which had been allotted to a tiny town due to its vulnerable rural community. Yukon...

He Heads a $23B Fashion Site. He's Walking Away for His Wife

Rubin Ritter, co-CEO of EU e-commerce giant Zalando, wants to prioritize his spouse's career

(Newser) - Rubin Ritter's contract with Europe's largest fashion site isn't set to expire for two-plus years. But a surprise announcement Sunday from the 38-year-old co-CEO of the Berlin-based Zalando indicates he has other plans for the near future—ones that include letting his spouse's career take center...

Report: Ex-Google CEO Just Bought a Passport to EU

Recode: Eric Schmidt has applied, been approved for citizenship in Cyprus in 'passport for sale' scheme

(Newser) - Buried within the pages of a publication in Cyprus last month, a tiny notice appeared written in the Greek alphabet, except for one name written in English: "Eric Emerson Schmidt," of Atherton, Calif. That notice in Alithia was an announcement of an application and approval for Cypriot citizenship,...

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...

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...

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...

Tech CEO Apologizes for 'Appalling' Racist Rant

'This was clearly a moment where I lost control'

(Newser) - A tech company CEO has apologized for his shockingly racist rant against an Asian family in a northern California restaurant. Michael Lofthouse, founder and CEO of San Francisco cloud computing company Solid8, was captured on video saying: " Trump's gonna f--- you. You f------ need to leave! You f------...

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...

737 Max Controversy Costs Boeing CEO His Job

Dennis Muilenburg resigns effective immediately

(Newser) - Boeing will have to recover from its escalating trouble with the 737 Max under the leadership of a new CEO. Dennis Muilenburg is resigning effective immediately, reports the AP . As the Wall Street Journal reports, Muilenburg has taken much criticism for his handling of the aftermath of two fatal crashes...

Slack Messages Doom CEO of Luggage Startup
Startup CEO's 
Slack Messages
Did Her In
in case you missed it
Dec 14, 2019 3:00 PM CST

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...

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...

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