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| July 19, 2018

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Executives Archives -

Defunct for-profit college firm ITT’s former executives settle fraud charges

July 11, 2018 |

Former top executives at ITT Educational Services, the parent company of defunct ITT Technical Institute, have settled fraud charges with the Securities and Exchange Commission, avoiding a trial that was slated to begin Monday.

A judgment order entered Friday puts to rest civil fraud charges filed…


L.A. Times – Business

Qualcomm executives to receive cash severances if company goes through change of control

May 29, 2018 |

Qualcomm Inc.’s top executives will be eligible to receive cash severances if they’re fired after a change in control of the firm, reversing a long-standing policy of not providing such payments for senior managers.

The policy mirrors the severance plan the San Diego-based chipmaker adopted in…


L.A. Times – Business

Tesla Executives Step Away, Adding to Auto Maker’s Challenges

May 14, 2018 |

Tesla Inc. will be without two important executives just as the electric-car maker struggles to boost production of its first mass-market vehicle and faces doubts about its ability to raise cash.
WSJ.com: US Business

Wells Fargo executives score big raises despite the bank’s continued problems

March 15, 2018 |

Wells Fargo & Co. gave multimillion-dollar raises to some top executives in 2017, a year that saw the San Francisco bank continue to deal with the fallout from its unauthorized accounts scandal, ultimately leading to additional strict sanctions from federal regulators.

Chief Executive Timothy Sloan’s…


L.A. Times – Business

Trump Tariffs May Threaten U.S. Auto Jobs, European Executives Warn

March 12, 2018 |

Europe’s automotive chiefs are warning that if President Trump imposes prohibitive duties on imports, they could be forced to curb investment in their U.S. factories, threatening American jobs.
WSJ.com: US Business

Vice suspends 2 top executives after sexual misconduct report

January 2, 2018 |

Vice Media has suspended two top executives after a New York Times report on sexual misconduct at the digital media company.

Vice has suspended its president, Andrew Creighton, and chief digital officer, Mike Germano, as it investigates allegations against them, according to a company memo sent…


L.A. Times – Business

Equifax executives won’t get 2017 bonuses

November 12, 2017 |

Equifax apologized again Friday for its massive data breach and touted plans to build a new credit monitoring tool to give people more control over their data.

During an earnings call, Chief Executive Paulino do Rego Barros Jr. outlined plans to rebuild trust after saying that the credit reporting…


L.A. Times – Business

Former Wells Fargo executives say they were scapegoated for accounts scandal

September 3, 2017 |

Two former regional presidents who oversaw Wells Fargo branches across Southern California say they were wrongfully blamed and fired for promoting unethical sales practices — something the pair say they unsuccessfully tried to get their superiors to address.

Reza Razzaghipour and Marla Razzaghipour,…


L.A. Times – Business

Apple Poaches Sony TV Executives to Lead Push Into Original Content

June 18, 2017 |

Apple has poached two top Hollywood television executives from Sony to spearhead an ambitious push into the original programming business.
WSJ.com: US Business