Ceragon Networks Ltd. CRNT, -5.43% shares surged in the extended session Monday after Aviat Networks Inc. AVNW, -2.08% offered to acquire the wireless telecom equipment company and shake up its board....
Tag: Management Moves
Digital World Acquisition Discloses Federal Subpoenas as Director Resigns
Digital World Acquisition the special-purpose acquisition company that plans to merge with former President Donald Trump’s social-media company, said a federal grand jury in the Southern District of N...
Coinbase CEO Blasts Employee Petition Against Executives
Turmoil inside crypto exchange Coinbase Global Inc. has spilled out into the public. Co-founder and Chief Executive Brian Armstrong on Friday lashed out on Twitter against an employee petition to remo...
Coinbase CEO tells workers to quit if they don’t believe in top execs, after petition for leadership changes
Coinbase Global Inc. has had a rough stretch lately, as plunging prices for cryptocurrencies have dampened trading interest and prompted the company to curtail rapid hiring plans. The company also see...
Disney’s Abrupt Firing of Top TV Exec Just the Latest Drama Stock Doesn’t Need
Text size Peter Rice joined Disney in 2019. Arturo Holmes/Getty Images A top executive at Walt Disney is leaving nearly a year after renewing his contract in what might be just the latest headache for...
Unilever Stock Rises Sharply as Nelson Peltz Is Added to Board
Text size Unilever makes food and household goods such as Dove soap, Hellmann’s mayonnaise, and Ben & Jerry’s ice cream. ANP/AFP via Getty Images Unilever said it appointed Nelson Pelt...
4 Takeaways From the Berkshire Hathaway Annual Shareholders Meeting
Text size Warren Buffett. Drew Angerer/Getty Images OMAHA, Neb.—The 2022 Berkshire Hathaway annual shareholders meeting took place in person on Saturday, with tens of thousands of Warren Buffett fans ...
Warren Buffett Says He Is in Great Health With No Plans to Step Down as CEO
Text size Warren Buffett Paul Morigi/Getty Images for Fortune/Time Inc Warren Buffett says he is in excellent health and has no plans to step down as CEO of Berkshire Hathaway as he eagerly anticipate...
PayPal Stock Is Falling. It’s Not Because Its CFO Is Leaving for Walmart.
Text size PayPal’s has a new interim CFO. Justin Sullivan/Getty Images Walmart said late Tuesday that it had named John Rainey as its chief financial officer. Rainey currently holds the same pos...
Pfizer’s New CFO David Denton Negotiated One of the Biggest Healthcare Deals in History
Pfizer on Monday named a new chief financial officer with a resume that hints at the company’s plans to spend big with its Covid-19 vaccine windfall. David Denton is taking up the CFO role at Pfizer (...
GE Builds 350-Ton Turbines at Its Power Facilities. Here’s What We Found on a Tour.
Text size 7HA.03 gas turbine in GE’s Greenville, S.C., factory. Courtesy GE Power General Electric led a tour of one of its South Carolina gas power facilities as part of its Investor Day on Thursday—...
Splunk stock shows volatility following surprise profit, new CEO
Splunk Inc. rallied at first in the extended session Wednesday but then shed those gains, dipping into negative territory, as the cloud-based enterprise software company reported a surprise profit, to...
BP to Exit 20% Stake in Russia’s Rosneft
Russia’s aggressions in Ukraine prompted reactions from companies such as BP and United Parcel Service as well as Norway’s sovereign wealth fund as the world continues to raise pressure on President V...
CNN Parent Found Allison Gollust’s Remarks on Jeff Zucker Relationship Were Misleading
Allison Gollust resigned as CNN’s communications and marketing chief after the network’s parent determined she misled investigators about her relationship with former President Jeff Zucker and violate...
Peloton’s New CEO Pours Cold Water on Sale Speculation. The Stock Drops.
Text size A Peloton logo on a dumbbell at the company’s showroom in Dedham, Massachusetts. Adam Glanzman/Bloomberg Peloton Interactive stock fell Monday after the exercise company’s new chief ex...
Peloton stock continues rally as company replaces John Foley as CEO
Peloton Interactive Inc.’s newly announced chief executive will face a lowered bar as the maker of exercise equipment once again cut its full-year forecast in the face of slowing demand. Tuesday marke...
CNN President Jeff Zucker Resigns, Citing Relationship With Colleague
CNN President Jeff Zucker has resigned from the cable news network, citing his failure to disclose a consensual relationship with a close colleague, according to an email he sent to staff on Wednesday...
Elon Musk says workers should return to the office or quit. It’s a big gamble: ‘Tesla is kick-starting its own local Great Resignation’
Elon Musk is giving his employees an ultimatum. Tesla’s TSLA, -2.36% chief executive officer and founder responded Thursday to an apparent leaked email that called on employees to return to the offic...