Tesla Inc. Chief Executive Elon Musk donated more than 5 million Tesla shares in November, days after the U.N. World Food Program outlined a plan to potentially use a $6 billion donation from the worl...
Tag: Senior Level Management
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...
What CEOs Are Saying: ‘We See Inflation Going Up Everywhere’
Here is what some of the world’s corporate leaders said in their quarterly earnings reports this week about inflation, pricing strategy and the pandemic. Coca-Cola Co. KO -1.78% Chief Executive James ...
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...
CEO of Self-Driving-Car Firm Luminar Buys Stock
Text size A vehicle with Luminar LiDAR Patrick T. Fallon/AFP/Getty Images Luminar Technologies stock has been slumping, and founder and CEO Austin Russell scooped up the cheaper shares. Luminar (ticke...
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...
PayPal stock sinks after earnings as inflation, spending pressures weigh on outlook
PayPal Holdings Inc. largely matched expectations for its holiday quarter but shares plunged late Tuesday after the company delivered an earnings forecast that came up shy of expectations. Shares were...
AT&T CFO Defends Spinoff, Saying It Benefits Retail Investors
Text size AT&T’s chief financial officer, Pascal Desroches. Courtesy AT&T AT&T is defending its move to spin off its big stake in WarnerMedia rather than pursue a split-off, or excha...
Netflix Co-CEO Reed Hastings Bought $20 Million of Stock
Text size Netflix co-founder and co-CEO Reed Hastings just made his first purchase of the company’s shares on the open market. Henrik Jonsson/Dreamstime.com Netflix ‘s stock has slumped in 2022,...
Intel stock punished again as slimmer profit margins ding earnings forecast, but CEO sticks to his plan
Intel Corp. executives expect profit margins to remain pressured in the long term as the chip maker builds out manufacturing capacity, leading to a disappointing earnings guidance that dinged the comp...
Johnson & Johnson’s got a new CEO and a plan to split the company in two. Here’s what else to expect out of J&J’s earnings
Johnson & Johnson JNJ, -0.31% has long been viewed as a bellwether stock for other health care companies, given its early slot in the earnings calendar and a business model that spans everything f...
Credit Suisse Chairman Quits After Breaching Covid-19 Rules
Text size António Horta-Osório, former chairman of Credit Suisse AFP via Getty Images Credit Suisse Chairman António Horta-Osório has resigned only 8 monthsafter being appointed, following a board inv...
‘Not all the money belongs to you’: Self-employed? Avoid these mistakes when filing your 2021 taxes
More Americans are becoming their own boss as the “Great Resignation” continues. Now they’ll have to resign themselves to the fact that their tax situation is likely going to become more complicated. ...
CEO admits stealing $15 million from her company to finance clothing boutique, Plaza Hotel visits, and $200K on relative’s wedding
That’s some high-end embezzlement. The U.S. chief executive of a German saw-blade manufacturer has pleaded guilty to stealing $15 million from the company to bankroll a luxury clothing and furniture b...
Expect more than 4 rate increases in 2022, and a lot of market volatility, says JPMorgan’s Dimon: ‘If we’re lucky’ the Fed can engineer a “soft landing.”‘
JPMorgan Chase & Co. JPM, +0.10% CEO Jamie Dimon said the consumer remains in great shape in 2022 but also said volatility could be elevated in financial markets as the Federal Reserve aims to nav...
Calling Out ‘Emperor’ Larry Fink
When you’re 98 years old you can say things others can’t, so bravo to Charlie Munger for daring to speak an important but too muffled truth about today’s financial markets. “We have a new bunch of emp...