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| April 18, 2019

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CEOs Archives -

Big bank CEOs are about to face angry lawmakers. Their plan: Let Jamie Dimon take over

April 9, 2019 |

There’s a joke going around Washington about the best strategy for the Wall Street chief executives when they face off with lawmakers this week: Stay calm and let Jamie Dimon take over.

Unlike the rest of the bank leaders slated to testify before the House Financial Services Committee, the JPMorgan…


L.A. Times – Business

Report: Trump Denies Getting Apple CEO’s Name Wrong

March 11, 2019 |

Tim Cook saw the funny side after President Trump got his name wrong at a White House last week. The president apparently didn’t. Republican donors who were at an event at Mar-a-Lago Friday tell Axios that Trump claimed he never called Cook “Tim Apple” and said reports saying otherwise were…
Newser

Tabloid CEO’s lawyer denies National Enquirer tried to extort Amazon’s Jeff Bezos

February 10, 2019 |

The National Enquirer committed neither extortion nor blackmail by threatening to publish intimate photos of Amazon CEO Jeff Bezos, an attorney for the head of the tabloid’s parent company said Sunday.

Elkan Abromowitz, an attorney for American Media Inc. Chief Executive David Pecker, said on Sunday…


L.A. Times – Business

IMF and CEOs say the global economy is slowing faster than expected

January 21, 2019 |

The International Monetary Fund and corporate executives warned Monday that the global economy was slowing faster than expected, establishing a downbeat tone for this week’s annual meeting of the World Economic Forum.

Hours after the IMF cut its forecasts for the world economy this year and next,…


L.A. Times – Business

Tears, Cheers Follow CEO’s Surprise Reveal

December 18, 2018 |

Working in craft and floral foam may not sound like the most glamorous of jobs, but employees Michigan’s FloraCraft are pretty happy with theirs right now. The company announced almost $ 4 million in bonuses for some 200 full-time employees, who will each receive an average of $ 20,000 in cash…
Newser

Top Tech CEOs Bicker Over Chronic Homelessness

October 13, 2018 |

Two of the world’s top tech CEOs are sniping about who’s helping to ease homelessness in San Francisco—a city where extreme wealth glitters alongside roughly 7,500 living on the streets, the Guardian reports. At issue is a proposed tax on wealthy city businesses that Twitter CEO Jack Dorsey…
Newser

Fewer companies are forcing CEOs to retire when they hit their golden years

September 28, 2018 |

At Merck, the retirement age isn’t what it used to be — for the CEO, at least.

On Wednesday, the pharmaceutical giant said it was rescinding its policy requiring its chief executive to retire at the age of 65, announcing that its chairman and chief executive, Kenneth Frazier, had agreed to stay…


L.A. Times – Business

Pay Gap Between CEOs, Workers Just Jumped

August 16, 2018 |

For every dollar made by the average Facebook employee, Mark Zuckerberg earned $ 37 in 2017. As far as CEO pay goes, that’s nothing. The CEOs of America’s top 350 publicly held companies earned an average of $ 18.9 million in wages, bonuses, and stock options last year, or 312 times…
Newser

French Executive at Toyota Makes Nearly Triple Japanese CEO’s Pay

June 26, 2018 |

Toyota Motor’s highest-paid executive got a pay increase of millions of dollars, and he now makes nearly three times as much as his boss.
WSJ.com: What’s News Asia