CEO Gives Away Bonus to Employees
Courtesy Next Media(LONDON) — “Good Lord!” says the headline in a British newspaper, praising business leader Lord Wolfson, for having been uncommonly generous.Wolfson, CEO of Next, the U.K.’s biggest department store chain, gave his entire annual bon…
CEO’s Severance Will Include iPads, iPhone, No Cash
Courtesy of Apple(NEW YORK) — The former CEO of insurer Marsh & McLennan will receive an unusual severance package that included his company-issued iPads, iPhone and Blackberry, but no cash.Brian Duperreault, 65, announced in September that, after…
Groupon Ousts CEO Andrew Mason
David Paul Morris/Bloomberg via Getty Images(CHICAGO) — Online coupon site Groupon, after a series of losses and missteps, said Thursday that it is replacing CEO Andrew Mason.Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis have been ap…
US CEO Defends Criticism of French Workers
FRANCOIS LO PRESTI/AFP/Getty Images(QUINCY, Ill.) — Maurice Taylor, CEO of Titan International Inc., made headlines when he declined to invest in a struggling French factory because its “so-called workers” get high wages for working three-…
Apple CEO Tim Cook: ‘Intense Interest’ in Improving TV
Apple(NEW YORK) — Steve Jobs said it many times: Apple TV, the company’s small TV add-on, was a hobby. Tim Cook, Apple’s current CEO, has used the same term over the last couple of months. But despite that, Apple TV has long been rum…
American Apparel Worker Says CEO Rubbed Dirt on Face
MARK RALSTON/AFP/Getty Images(NEW YORK) — A former American Apparel store manager is suing CEO Dov Charney, saying he was verbally and physically abusive to the point of rubbing dirt in his face and now the company is trying to muzzle him.Michael Bumb…
Waffle House Chairman Accused of Requiring Sex Acts
Jim Stratford/ Bloomberg News(ATLANTA) — A Georgia woman is accusing the chairman of Waffle House, her employer, of demanding that she perform sex acts on him as part of her job’s duties over a period of nearly 10 years.The woman, who ABC News is not …
Lawsuit Outlines Abercrombie and Fitch’s CEO Michael Jeffries’ Rules on Company Jet
Paul Taggart/Bloomberg via Getty Images(PHILADELPHIA) — A lawsuit and documents filed in a case against clothier Abercrombie & Fitch lays out the details of CEO Michael Jeffries’ meticulous instructions for those serving him on the company’s priv…
MySpace CEO: ‘There is No Point to Compete with Facebook and Twitter’
MySpace(NEW YORK) — Justin Timberlake unveiled the new MySpace last week with a tweet containing a link to a video preview of the new site. In addition to a very catchy song, the video revealed a beautiful website with a clean, Pinterest-esque design….
Chick-fil-A CEO Denies Giving "Concessions" to Open Chicago Restaurant
Hemera/Thinkstock(NEW YORK) — Chick fil-A has “made no … concessions” regarding its support of groups that oppose gay marriage, company CEO Dan Cathy said in a statement that was posted online by Mike Huckabee, denying a statement b…
Chick-fil-A CEO Denies Giving "Concessions" to Open Chicago Restaurant
Hemera/Thinkstock(NEW YORK) — Chick fil-A has “made no … concessions” regarding its support of groups that oppose gay marriage, company CEO Dan Cathy said in a statement that was posted online by Mike Huckabee, denying a statement b…
Best Buy (BBY) Defends Estimated $32 Million Pay Package for New CEO
KAREN BLEIER/AFP/Getty Images(NEW YORK) — Best Buy (BBY) is giving new CEO Hubert Joly a compensation package valued up to $32 million for three years, including a guarantee of more than $6 million even before he starts work if the deal falls apart.A …
CEO of Lenovo Gives $3 Million in Bonuses to Employees
Lenovo(NEW YORK) — Lenovo CEO Yang Yuanqing has decided to use a $3 million bonus he received for the company’s record-setting year to reward thousands of the company’s rank-and-file employees.The 47-year-old gave around 10,000 employees w…
New Yahoo CEO Marissa Mayer Is Really in the Money
Paul Zimmerman/Getty Images for TechCrunch/AOL(NEW YORK) — That sound you hear of someone yelling “Yahoo!” comes from none other than its new chief executive, former Google big-wig Marissa Mayer.The struggling Internet company announced earlier this w…
Google Executive Named Yahoo CEO
Paul Zimmerman/Getty Images for TechCrunch/AOL(NEW YORK) — Yahoo has had an unlucky executive streak lately, but that may be coming to an end. Marissa Mayer, one of Google’s top executives, will join Yahoo as its new CEO, the company confirmed Monday….
Barclays CEO Bob Diamond Steps Down
Bruno Vincent/Getty Images(NEW YORK) — Another top executive at Barclays has resigned amid allegations that the U.K.-based bank tried to manipulate worldwide interest rates for its own financial gain.Bob Diamond announced on Tuesday he was stepping do…
Honeywell CEO: Debt Biggest Drag on Jobs, Obama
Joshua Roberts/Bloomberg via Getty Images (GOLDEN VALLEY, Minn.) — David M. Cote, the CEO of Honeywell, one of the nation’s largest and most profitable employers, Friday called looming massive debt in Europe and the U.S. — and the lack of polit…
Apple CEO Tim Cook to Forgo $75 Million in Dividends
David Paul Morris/Bloomberg via Getty Images(WASHINGTON) — Apple CEO Tim Cook is offering a $2.65 per share stock dividend to all company employees while forgoing his own shares — a move that will likely cost him $75 million, according to the co…
Facebook CEO Mark Zuckerberg to Top List of Youngest CEOs
Justin Sullivan/Getty Images(NEW YORK) — Mark Zuckerberg, CEO of Facebook, turned 28 on Monday, just four days before his company is expected to have the biggest IPO ever.Zuckerberg holds many other records for his age. Forbes lists him as the s…
Best Buy Founder to Step Down After CEO Probe
KAREN BLEIER/AFP/Getty Images(NEW YORK) — Best Buy founder Richard Schulze will step down from his role as the company’s chairman after an investigation found that he “acted inappropriately” by failing to inform the company’s a…