CEO

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HP's New CEO Pick Is Absolutely Bananas

Why would you pick an unemployed failed exec?

(Newser) - HP could have picked someone with a proven record to be its next CEO. It could have picked someone who knew its business, maybe an internal candidate, or a rising star at a rival company. “It could have found someone with a job,” suggests Adam Lashinsky of Fortune...

Convicted of DWI, CEO Runs Company From Jail

Sixty-day sentence makes him first of publicly traded firm

(Newser) - First he drank. Then he drove. Then he was thrown in jail. Finally, Louis Lower, the 65-year-old CEO of Horace Mann Educators Corp., a publicly traded insurance company, decided to tell his board of directors that he would be unavailable for 60 days while he served his sentence in a...

CEOs Who Laid Off the Most People Made the Most Money

(Newser) - Should it come as a surprise that those CEOs who fired the most people last year made the most money? The Institute for Policy Studies published a study today that showed that those CEOs who made the largest layoffs made about 50% more—$12 million in 2009, compared to an...

Real Reason HP CEO Was Fired: Everyone Hated Him

(Newser) - In a fascinating column in the New York Times, Joe Nocera reveals the real reason Hewlett-Packard's ex-CEO Mark Hurd was fired. It had nothing to do with sex or expense account abuse. He was, according to Nocera, distrusted by the Board and widely hated not just by rank and file...

Sex-Harass Probe Brings Down HP CEO

Mark Hurd resigns after investigation finds he violated 'business conduct' standards

(Newser) - Hewlett-Packard CEO Mark Hurd is stepping down following a sexual-harassment probe that found other violations of company standards, HP said today. Hurd decided to leave after the investigation into a sexual-harassment claim made against him and the company by a former HP contractor, according to the firm. The probe found...

How to Serve a Subpoena to Mark Zuckerberg

Pretend you really want an autograph

(Newser) - Mark Zuckerberg got a surprise with his lunch: a subpoena and the phrase, "You've been served," reports the New York Post . No word yet on what the lawsuit is about, though the Post thinks privacy issues is a good bet. The server had to get creative, given that...

Female Execs Few, but They Out-Earn the Boys

 Female Execs 
 Few, but They 
 Out-Earn the Boys 
Goodbye Glass Ceiling?
May 13, 2010 7:17 AM CDT

Female Execs Few, but They Out-Earn the Boys

Overall, women still earn less than men

(Newser) - America's top businesswomen are making top dollar, finds Bloomberg . Sixteen women heading companies in the S&P 500 Index averaged payouts of $14.2 million last year. That's 43% more than the male average. Carol Bartz of Yahoo and Irene Rosenfeld of Kraft led the way, pulling in $47.2...

Blankfein Keeps Both Goldman Sachs Top Jobs

Shareholder proposal to split chairman, CEO duties fails

(Newser) - Lloyd Blankfein will remain both the chairman and CEO of Goldman Sachs, after defeating a shareholder proposal to split the posts . Only 19% of shareholders voted to award the chairmanship to another Goldman employee, despite the SEC complaint filed last month accusing Goldman of securities fraud. The proposal predated the...

Average CEO Pay Sinks to $9.5M
Average CEO Pay Sinks
to $9.5M
Apr 5, 2010 2:10 AM CDT

Average CEO Pay Sinks to $9.5M

Larry Ellison collect s cool $84M

(Newser) - Pity the poor CEO in this recession: average compensation for the honchos in the largest publicly traded companies in the US has sunk to a mere $9.53 million. That's down 15% over the previous year. Some CEOs have fared decidedly better than others. Oracle CEO Larry Ellsion topped this...

Google CEO Squelches Lover's Blog

Blogspot access ends for CEO's former mistress

(Newser) - Big Brother is watching and he doesn't like it when his mistress talks about him on the Internet. So Google CEO Eric Schmidt had a diary by his former lover yanked off Google's Blogspot , reports Gawker . The "Recovery Girl 007" blog by former CNBC correspondent Kate Bohner details shedding...

Meg Whitman Is the Anti-Palin

 Meg Whitman 
 Is the 
 Anti-Palin 
analysis
Feb 9, 2010 12:30 PM CST

Meg Whitman Is the Anti-Palin

She's known for her business smarts, not her personality

(Newser) - Meg Whitman is in some ways the political polar opposite of Sarah Palin, writes Sara Libby. As she fights for the GOP nomination in the California governor's race, Whitman is relying on her smarts and her no-nonsense business acumen. The self-described "frumpy" dresser is "no 40-something pinup,"...

Axed Merrill Boss Tapped to Head CIT

Spendthrift John Thain gets hands on new troubled company

(Newser) - The CEO who spent $1.2 million renovating his office and arranged $3.6 billion in executive bonuses while his company, Merrill Lynch, was circling the toilet bowl, has just been named CEO of CIT Group. John Thain rises to the top of a public company again a year after...

Google Wants to Stay in China: CEO

Search giant objects to 'censorship,' continues push for change

(Newser) - Google's CEO doesn’t see the company’s run-in with the Chinese government over a suspicious cyberattack means an end to their relationship. "We just don't like censorship," Eric Schmidt said at a World Economic Forum summit today. He said the company is optimistic about effecting change from...

Meet the 'Right-Wing Hippie' Who Runs Whole Foods

No meat for John Mackey; no unions, either

(Newser) - John Mackey is a libertarian, an adherent of Ayn Rand, a skeptic about climate change, a vegan, and the CEO of Whole Foods. The company does $8 billion in annual sales, but Mackey flies commercial and drives a Civic hybrid. Nick Paumgarten investigates this walking contradiction, described by a business...

TARP Payback a Huge Win for BofA, Lewis
 TARP Payback a Huge Win for BofA, Lewis
ANALYSIS
Dec 3, 2009 10:58 AM CST

TARP Payback a Huge Win for BofA, Lewis

Outgoing CEO proves critics wrong and paves way for successor

(Newser) - Bank of America’s move to repay $45 billion in TARP funds marks a triumph for the rehabilitated institution and especially beleaguered CEO Ken Lewis. Wooing a replacement for the retiring Lewis was proving exceedingly difficult as candidates declined to try to run the company with government scrutiny of executive...

Sam Zell Steps Down as Tribune CEO
Sam Zell
Steps Down as
Tribune CEO
Dec 2, 2009 3:05 PM CST

Sam Zell Steps Down as Tribune CEO

Randy Michaels steps up as court ruling beats back creditors

(Newser) - Maverick takeover artist Sam Zell resigned as CEO of the Tribune Co. today, naming Randy Michaels as his successor. Zell is still chairman of the news giant he bought, disastrously, in 2007. Tribune, which has been bankrupt for almost a year, yesterday won an extension until February of the right...

AIG Settles With Ex-CEO: Will Pay Fees, Return Rug

Company agrees to shell out up to $150 million

(Newser) - AIG is done fighting with former CEO Hank Greenberg and will give him his Persian rug back. The taxpayer-owned insurance giant agreed to settle all legal disputes with Greenberg and former CFO Howard I. Smith. The company agreed to pay up to $150 million in legal fees to the two...

NYT to Blankfein: Your 'Apology' Is Bull

Editorial board schools Goldman CEO in true meaning of 'sorry'

(Newser) - Lloyd Blankfein took his sweet time acknowledging his firm's role in almost toppling the financial system, and the New York Times editorial board stewed until today, when the paper's audience is largest. The Goldman Sachs CEO said in a speech this week, "We participated in things that were clearly...

AIG's Benmosche: I'm Not Quitting

CEO is 'committed' to firm's employees

(Newser) - AIG CEO Robert Benmosche isn’t fed up with running a government-controlled insurance giant after all: Backing away from his threat to quit, Benmosche said today that he remains "totally committed” to the company. The CEO conceded, however, that he and the board “are indeed frustrated” with the...

Annoyed by Feds, AIG CEO Threatens to Quit

Benmosche, just 3 months in, is 4th CEO in 18 months

(Newser) - Just 3 months after taking the job, AIG CEO Robert Benmosche is threatening to storm out in a huff. At a directors’ meeting last week the voluble Benmosche, formerly of MetLife, told colleagues he was “done” with trying to operate the 80% taxpayer-owned company under federal supervision, particularly with...

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