CEO

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Microsoft's Steve Ballmer to Retire; Stock Surges

Tech giant doesn't announce his successor

(Newser) - It's probably a bad sign when investors react to news of your CEO's departure by buying like crazy. Microsoft dropped a bombshell this morning by announcing that Steve Ballmer would retire within 12 months, the AP reports. The company gave no indication of who might succeed the longtime...

Barnes & Noble CEO Steps Down

William Lynch faced big Nook losses

(Newser) - Shortly after news of big losses for Barnes & Noble's Nook, the company's CEO is exiting. William Lynch, named CEO in early 2010, had made the firm's digital business paramount, the Wall Street Journal notes, working on an array of Nook gadgets. Now, however, Barnes & Noble...

McDonald's CEO Eats There 'Every Single Day'

But Don Thompson says he has shed 20 pounds by getting active

(Newser) - The McDiet? McDonald's CEO Don Thompson revealed at an analyst conference this week that he shed about 20 pounds in the past year by getting his "butt up" and "working out again." But he said he hasn't changed his habit of eating at McDonald's...

This Girl, 9, Scolded McDonald&#39;s CEO
 This Girl, 9, Scolded 
 McDonald's CEO 
IN CASE YOU MISSED IT
May 26, 2013 10:19 AM CDT

This Girl, 9, Scolded McDonald's CEO

'Don't you want kids to be healthy so they can live a long and healthy life?'

(Newser) - Nine-year-old Hannah Robertson knows it's important to eat her fruits and veggies (more so than most; this is her mom ), but she thought Don Thompson ought to know, too. Thompson just so happens to be the CEO of McDonald's, and Robertson addressed him at the fast-food giant'...

JCPenney Dumps 'Disastrous' CEO

Ron Johnson out, predecessor Myron Ullman in

(Newser) - JCPenney has ditched CEO Ron Johnson after a 17-month run that produced some of the most disastrous results in retail history . Johnson, who masterminded Apple's retail success, will be replaced by his predecessor Myron Ullman, reports the New York Times . The struggling chain is in the middle of a...

Judge Balks at CEO Payout in American Airlines Merger

He approves deal but won't sign off on $20M severance

(Newser) - A bankruptcy judge today signed off on a proposed merger between American Airlines and US Airways that would create the world's biggest airline, but he's not quite ready to approve a fat severance package for outgoing American CEO Tom Horton, reports the Wall Street Journal . The two companies...

Groupon CEO Sounds Fine About Getting Fired

Andrew Mason writes snarky farewell

(Newser) - Groupon gave CEO Andrew Mason the boot today after another lousy earnings report, and the company's long-suffering stock immediately jumped more than 7%, reports the Wall Street Journal . The ouster wasn't much of a surprise, and Mason himself seems to have accepted it with sense of humor intact,...

Whole Foods CEO 'Regrets' Calling ObamaCare 'Fascism'

John Mackey: I meant 'dictionary definition' of the word

(Newser) - John Mackey says he shouldn't have used the word "fascism" to refer to ObamaCare—but any dictionary would tell you he's technically right, he tells the Huffington Post . "I regret using that word now because it's got so much baggage attached to it," the...

JPMorgan Cuts CEO Dimon's Pay in Half—to $11.5M

Meanwhile, traders at Morgan Stanley get IOUs

(Newser) - That sound you're hearing is probably Wall Street's tiniest violin playing for Jamie Dimon. As many expected , JPMorgan Chase's board slashed the CEO's salary in response to the "London Whale" disaster, dropping his incentive pay a backbreaking 53.5% to $10 million, leaving him a...

Intel CEO to Step Down
 Intel CEO to Step Down 
Nov 19, 2012 9:39 AM CST

Intel CEO to Step Down

After 40 years with the company, Peter Otellini retires

(Newser) - Intel CEO Paul Otellini will retire in May, ending a nearly 40-year stint at the company, including what will be eight years in the top job, the chip maker announced today. "It's time to move on and transfer Intel's helm to a new generation," the 62-year-old...

Citigroup CEO Steps Down
 Citigroup CEO 
 Steps Down 
Oct 16, 2012 7:57 AM CDT

Citigroup CEO Steps Down

Vikram Pandit, COO John Havens out; Michael Corbat to take over

(Newser) - Citigroup CEO Vikram Pandit is leaving his post effective immediately, to be replaced by the bank's Europe, Middle East, and Africa head, Michael Corbat, Reuters reports. Chief operating officer John Havens is also stepping down, notes the AP . "Now is the right time for someone else to take...

Barclays' New CEO: 'Mild-Mannered' Non-Banker

Antony Jenkins brings fresh take, but lacks investment banking experience

(Newser) - Barclays named a new CEO today after a surprisingly brief search, and he couldn't be more different from outgoing CEO Robert Diamond. The Wall Street Journal describes new boss Antony Jenkins as a "mild-mannered Brit," while Fox Business calls him "soft spoken," in sharp and...

As Facebook Shares Tank, Calls for Zuckerberg's Head

Investors wonder if he's 'in over his hoodie'

(Newser) - With Facebook stock continuing to find new lows , grumbles have started on Wall Street. "There is a growing sense that Mark Zuckerberg, talented though he may be, is in over his hoodie as CEO of a multibillion-dollar public company," one researcher tells the LA Times . Zuckerberg owns too...

Marissa Mayer Will Likely Fail at Yahoo—But Don't Blame Her

Farhad Manjoo: She's great, but she has a near-impossible task

(Newser) - Marissa Mayer has said she likes to feel a little over her head, and her decision to leave Google to run Yahoo certainly must qualify, writes Farhad Manjoo at Slate . Mayer is great, but Yahoo is a bloated, unfocused mess. Lately, it has "flitted from one new Web fad...

Duke CEO Resigns After 1 Day—With $44.4M

Board preferred old boss's management style

(Newser) - Hours after Bill Johnson became CEO of Duke Energy, its board sought his resignation—which it received at 12:01am the day after he took the job. Such a quick change is practically unknown in US history, the Wall Street Journal notes—and nearly as shocking is the $44.4...

Google CEO: 'Nothing Seriously Wrong With Me'

Larry Page sends email about health after skipping shareholders meeting

(Newser) - Wall Street was abuzz today with rumors about Google CEO Larry Page's health after he skipped yesterday's shareholder meeting and the company said he'd miss two upcoming events as well. So much so that Page wrote an email to employees to say that "there is nothing...

This Man Makes More Than You Would in 3.5K Years
 This Man Makes 
 More Than You 
 Would in 3.5K Years
IN CASE YOU MISSED IT
May 27, 2012 7:00 PM CDT

This Man Makes More Than You Would in 3.5K Years

David Simon's 2011 pay package worth more than $137M

(Newser) - You might want to wait to read this until you're somewhere it's OK to scream: It would take the average American worker 3,489 years to make as much money as one top CEO took home in just one year. David Simon of shopping mall developer Simon Property...

Yahoo Ex-CEO: I Have Cancer

Illness linked to decision to step down

(Newser) - In a surprise revelation, former Yahoo CEO Scott Thompson has told board members and colleagues that he has been diagnosed with thyroid cancer, sources tell the Wall Street Journal . Thompson stepped down as CEO after it was discovered that he did not have a college degree in computer science, as...

Yahoo Board Probes CEO&#39;s Fake R&eacute;sum&eacute; Debacle
Yahoo Board Probes CEO's Fake Résumé Debacle
UPDATED
May 8, 2012 7:39 AM CDT

Yahoo Board Probes CEO's Fake Résumé Debacle

Scott Thompson apologizes; director in charge of vetting to step down

(Newser) - Yahoo’s board is investigating the mess surrounding CEO Scott Thompson’s inflated résumé , and is hiring a law firm to oversee the matter, the Wall Street Journal reports. After shareholder Third Point LLC discovered Thompson has only an accounting degree, rather than a degree in computer science and...

Yahoo CEO Accused of Inflating Resume

Scott Thompson doesn't have computer science degree, shareholder discovers

(Newser) - Activist Yahoo shareholder Dan Loeb appears to have vetted CEO Scott Thompson more carefully than the company's board did. In his bio and regulatory filings, Thompson claimed to have a double degree in computer science and accounting from Stonehill College, but his only degree is in accounting, Loeb discovered....

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