#CEO
Telecom Italia CEO exit raises prospect of Vivendi-led overhaul
MILAN/LONDON Telecom Italia Chief Executive Marco Patuano officially resigned on Monday, confirming reports at the weekend he was on his way out as top shareholder Vivendi tightens its grip on the Italian phone group. Telecom Italia’s shares rose 4 percent, ad... More »
BlackRock CEO Fink sees risks in China, negative rates
ACAPULCO, Mexico BlackRock Inc Chief Executive Officer Larry Fink said on Friday that China may be the biggest hurdle to global financial markets and that central bankers are adding to risks with negative-interest rate policies. “China does represent maybe mor... More »
Apple CEO Tim Cook commits to annual dividend raise
Chief Executive Tim Cook said on Friday Apple Inc is committed to raising its dividend annually, a move designed to please investors but also a sign the world’s most famous technology company may no longer be a growth stock. As concerns mount that growth in sa... More »
Foursquare CEO steps down- company raises $45 million in funding
Foursquare’s chief executive, Dennis Crowley, is stepping down and will be succeeded by Jeff Glueck, the company’s current chief operating officer. Foursquare, which makes apps that helps users find restaurants and stores and “check” into them, also raised $45... More »
Electrolux CEO to step down after failed deal with GE
STOCKHOLM Swedish home appliance maker Electrolux said on Monday its CEO Keith McLoughlin would retire and be replaced by senior executive Jonas Samuelson, just a month after the biggest deal in the company’s history collapsed. McLoughlin will hand over on Feb... More »
Ex-Adelphia CEO seeks prison release due to cancer
NEW YORK Former Adelphia Communications Corp CEO John Rigas, who is serving a 12-year sentence for his role in a fraud that led to the cable company’s collapse, is seeking release from prison due to his “precipitously deteriorating health.” Lawyers for Rigas, ... More »
Telecom Italia CEO backed by board and Vivendi chairman-board member
MILAN The chief executive of Telecom Italia Marco Patuano has the full support of the board as well as that of the head of its main shareholder Vivendi, a Telecom Italia board member said on Wednesday. Vivendi, whose chairman and top investor is influential Fr... More »
Facebook CEO Zuckerberg to take two months of paternity leave
SAN FRANCISCO Facebook Inc (FB.O) Chief Executive Officer Mark Zuckerberg said on Friday he will take two months of paternity leave after his daughter’s birth, a strong statement from one of the busiest and most powerful U.S. executives on the importance of fa... More »
Dorsey’s Twitter stock gift well-timed to stem brain drain: recruiters
SAN FRANCISCO Twitter (TWTR.N) Chief Executive Jack Dorsey’s novel move to give a third of his company stock to an employee equity pool is a smart gesture to restore confidence in a company that lost its way, according to recruiting and compensation experts. B... More »
Chipmaker Micron’s CEO to take voluntary 50 percent pay cut
Micron Technology Inc said Chief Executive Mark Durcan will take a voluntary 50 percent cut in his base salary, amid cost-cutting at the memory chipmaker. The cut, which is temporary, reduced Durcan’s annual base salary to $525,000, effective Oct. 18, the comp... More »
Volkswagen to halt U.S. sales of some 2015 diesel cars
FRANKFURT/HAMBURG Volkswagen (VOWG_p.DE) told U.S. dealers to halt sales of some 2015 diesel cars after regulators found software it designed for the affected vehicles gave false emissions data, the company said Sunday, announcing it had launched an investigat... More »
Novartis to start human tests with Google lens in 2016
ZURICH Novartis plans the first human tests next year of a “smart” contact lens it is developing with Google designed to help restore the eye’s natural autofocus. “This project is progressing well,” Novartis Chief Executive Joe Jimenez told Swiss newspaper Le ... More »
Ad executives cautious about growth, gear up for contract battle
CANNES (This version of the story corrects figures on Publicis contract wins, paragraph 13) The reluctance of big companies to spend at a time of lacklustre global growth and fewer major sporting events this year are dampening demand for advertising, said the ... More »
