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Oct 6, 2009 Recipe for Success: Just Add Drive
Profile of Laura Hylton of Tactical TeleSolutionsSep 24, 2009 Aeropostale CEO to Step Down
Aeropostale’s long-time chief executive officer, Julian Geiger, will step down by the end of the fiscal year but will continue serving at the retail giant as chairman.Sep 11, 2009 Wisconsin Targets Payday Lenders
A Wisconsin bill would tighten regulations on the fast-growing payday loan industry, which provides small, short-term loans.Mar 25, 2009 Ford Cuts CEO Pay By A Third
Ford Motor Co. CEO Alan Mulally will receive a 30 percent pay cut during the next two years, the Detroit automaker announced Tuesday.Mar 25, 2009 Deutsche Bank CEO Takes 90 Percent Pay Cut
Duetsche Bank AG announced that compensation for chief executive officer Josef Ackermann’s fell 90 percent during 2008.Mar 24, 2009 Activision Taps Ex Yahoo COO to Head “Guitar Hero”
Activision Blizzard Inc. has appointed former Yahoo chief operating officer Dan Rosensweig chief executive officer of RedOctane, which develops the multi-billion dollar Guitar Hero franchise.Mar 24, 2009 Intel Freezes CEO Pay
Intel Corp. announced plans to freeze employee pay, including the salary of chief executive officer Paul Otellini.Mar 12, 2009 Clearwire Taps Morrow as CEO
Clearwire Corp., the wireless broadband service provider, names William Morrow to replace Benjamin Wolff as CEO.Feb 11, 2009 Intel CEO Offers Support for Economic Stimulus
Intel Corp. CEO Paul Otellini offered support Tuesday for President Barack Obama’s $800 billion economic recovery package during a speech at the Economic Club of Washington D.C.Feb 11, 2009 Eight U.S. CEOs To Testify Before House Committee
Eight U.S. bank CEOs will appear before the House Financial Services Committee Wednesday to defend their use of $176 billion in bank bailout money.Feb 10, 2009 Aozora Bank CEO Steps Down
Aozora Bank Ltd. chief executive and president Federico Sacasa stepped down in the wake of the Japanese bank’s estimated annual net loss of $2.1 billion.Feb 10, 2009 Former eBay CEO to Run for California Governor
Former eBay chief executive Meg Whitman joined the race for governor of California Monday, announcing the creation of an exploratory committee to seek the Republican nomination.Feb 9, 2009 BofA CEO: Talk of Nationalization “Absurd”
Bank of America chief executive Kenneth Lewis dismissed speculation that his bank needs more money from the federal government, adding that he does not expect BofA to be nationalized.Jan 19, 2009 Bank of America CEO on the Hot Seat
Bank of America Corp.’s first quarterly loss in 17 years, coupled with the troubled purchases of Countrywide Financial Corp. and Merrill Lynch, has put the bank’s chief executive, Ken Lewis, on the hot seat.Jan 19, 2009 New Yahoo CEO to Receive $19 Million Pay Package
New Yahoo CEO Carol Bartz stands to earn $19 million in stock and cash during her first year at the search engine giant.Dec 10, 2008 CEO Compensation Up in 2007
The median pay raise for the nations top CEOs rose 7.5 percent in 2007, representing the lowest rate of increase in six years.Dec 10, 2008 Novellus to Cut Jobs, CEO Pay
Novellus Systems Inc. CEO Richard Hill announced plans Tuesday to cut 10 percent of its workforce and reduce his own salary by 50 percent due to weakening demand from Asia.Dec 9, 2008 Merrill, Morgan CEOs Won’t Receive Bonuses
The chief executives of Merrill Lynch and Morgan Stanley, along with top company officials, will not receive pay bonuses for 2008.Dec 9, 2008 Qantas Chief: British Airways Deal in Doubt
Qantas Airways chief executive Alan Joyce warned investors its merger plan with British Airways could fall apart because of the British airline's potential deal with Spanish carrier Iberia.Dec 9, 2008 Playboy CEO to Resign
Playboy Enterprises CEO Christie Hefner will step down next year after two decades at the helm of the magazine company her father founded.Dec 6, 2008 “Big Three” CEOs Leave D.C. Empty Handed
After hours of testimony before Congressional leaders Friday, the chief executives of Detroit’s “big Three” automakers left Washington D.C. empty handed, uncertain if they will secure the $34 billion rescue package they requested for their struggling companies.Dec 5, 2008 Ex-WorldCom CEO Seeks Presidential Pardon
Former WorldCom chief executive Barnard Ebbers has submitted a request to have his 25-year sentence commuted.Dec 4, 2008 “Big Three” CEOs Go to Washington, Again
The chief executives of the Big Three U.S. automakers returned to Washington D.C. Thursday to plead Congress for a $34 billion bailout.Nov 19, 2008 Yahoo's Next Moves
Jerry Yang’s decision to resign as chief executive officer of Yahoo has not only set off a frenzied search for his successor – it has also increased the likelihood that the search engine giant will be acquired by Microsoft.Nov 13, 2008 Some on Wall Street Expect Bigger 2008 Bonuses
Despite mounting job losses and widespread economic gloom, a third of Wall Street professionals expect a higher end-of-year bonus in 2008.Oct 29, 2008 Congressman Eyes CEO Pay
The nation's nine largest banks benefiting from $125 billion in government emergency aid were asked to justify executive bonuses.Oct 28, 2008 CEO Pay Increases Vary Widely
The rates of increase in CEO pay at large S&P index firms were up to four times higher than those at small S&P index firms, according to a recently released report.Oct 23, 2008 AIG Freezes Former CEO's Compensation
Troubled insurance giant American International Group will freeze compensation payments to former CEO Martin Sullivan.Oct 21, 2008 Top CEOs of French bank Caisse d'Epargne resign
Groupe Caisse d'Epargne, third largest French consumer banking network has ousted its chairman and CEO after suffering a nearly €695 million ($931 million) trading loss on Oct 6.Oct 17, 2008 Bailed out AIG Executives blow $442,000 in California retreat
After a $85 billion federal bailout, you might be tempted to hold a retreat in an exclusive California resort, and that’s what American International Group executives did.Oct 10, 2008 Dexia’s CEO, Axel Miller, will not seek golden parachute
Axel Miller, the leaving CEO of Dexia, the Franco-Belgian bank rescued from final collapse earlier this month, guaranteed he will not ask for a pay-off when he quits the company.Oct 9, 2008 Steve Ballmer and Microsoft bet on Paris to reinforce Research Department
Software Giant is to open three Internet search technology centers, in Paris, London and Munich.Oct 2, 2008 Dexia CEO’s golden parachute is sparking off fierce debate
The debate did not take more than twenty-four hours before hitting the fan. According to his contract, the Franco-Belgian Bank Dexia’s CEO, Axel Miller, who resigned while the bank was being bailed out by French and Belgian’s government, is said to be leaving the company with a €3.7 million ($5.2 million) golden handshake.Sep 30, 2008 $3 billion shared in between five Wall Street bosses
Between 2003 and 2007, five high profile US fund banks' CEOs (Goldman Sachs' Lloyd Blankfein, Morgan Stanley's John Mack, Lehman Brothers' Richard Fudd, Merrill Lynch's Stanley O'Neal, Bear Stearns' James Cayne) received record breaking pays that are sparking off fierce debate.Sep 24, 2008 Paulson Accepts Limits on C.E.O. Pay: Report
Treasury Secretary Henry Paulson agreed to accept executive pay limits for the C.E.O.s of Wall Street firms slated to benefit from the $700 billion bailout initiative winding through Congress.Sep 24, 2008 David Moffett, New Freddie Mac CEO, to be paid $900,000 salary
The bailed out lender's new CEO, David Moffett, is to receive base pay that is 25% lower than his predecessor.Sep 23, 2008 Dupont Names Kullman C.E.O.
Dupont Co. announced that Ellen Kullman will take over as chief executive officer from Charles Holliday starting January 1, 2009Sep 22, 2008 Washington: Slash C.E.O. Pay with Bailout Bill
Republicans and Democrats say the federal government's $700 billion bailout plan for Wall Street should include limits on compensation packages for the chief executives of financial institutions rescued by Washington.Sep 19, 2008 Virgin CEO Richard Branson ready to buy Gatwick Airport in London
According to the Associated Press, Virgin Atlantic chairman Sir Richard Branson showed an interest in acquiring Gatwick Airport.Sep 18, 2008 Auto Industry C.E.O.'s Lobby for Loans
The chief executives of three U.S. auto giants asked House Speaker Nancy Pelosi Wednesday to fund a $25 billion loan program.Sep 17, 2008 Fed Taps Liddy to Head A.I.G.
The Federal Reserve tapped former Allstate Corp. CEO Edward Liddy to take charge of American International Group.Sep 16, 2008 Merrill CEO Stands to Collect Big Payout
Merrill Lynch CEO John Thain stands to receive $11 million from restricted stock options when the sale of his bank to Bank of America is completed.Sep 15, 2008 CEO Lewis Touts Merrill Move
Bank of America CEO touted the bank’s deal to acquire storied Merrill Lynch, despite a financial system he described as “under almost unprecedented stress.”Sep 15, 2008 American Apparel CEO Praises Economic Milestones
American Apparel CEO announced the achievement of economic milestones during a recent press conference in Los Angeles.Sep 12, 2008 Mexican billionaire Carlos Slim acquires 6.4% Stake in New York Times
Mexican billionaire Carlos Slim and his family became yesterday one of the biggest shareholders of the American New York Times group, when they took a 6.4% stake in the company worth $127 millionSep 8, 2008 Fannie Mae and Freddie Mac ousted CEOs to share $23 million
Both top executives ousted from Fannie Mae and Freddie Mac, in the major federal bailout ever of the troubled mortgage lenders, will receive a combined payoff exceeding $23 million.Sep 8, 2008 Fannie Mae and Freddie Mac CEOs ousted
On Sunday, the U.S. government took control of major mortgage finance companies Fannie Mae and Freddie Mac, embarking on what could be it’s largest federal bailout ever, in an effort to support the sinking national housing market and avoid more global financial market turmoil. The companies’ top executives were ousted. Fannie Mae’s CEO Daniel Mudd and Freddie Mac chief executive Richard Syron, were replaced in the process by Herb Allison, formerly with Merrill Lynch and pension fund TIAA-CREF and David Moffett, a former top official at US Bancorp.Sep 4, 2008 Indian farmers drive Tata Motors’ Nano project to a halt
It is a hard blow to the Nano. The manufacturing of the tiny "revolutionary," less expensive car in the world ($2,500) is being stopped. "Tata motors has been constrained to suspend the construction and commissioning work at the Nano plant in Singur in view of the continued confrontation and agitation at the site," declared Ratan Tata’s spokesman yesterday in the Hindustan Times. The company also declared that it was looking at alternative sites.Sep 2, 2008 LVMH Bernard Arnault's first foray into luxury yachts
Bernard Arnault, CEO of LVMH Moët Hennessy Louis Vuitton, the largest luxury-goods maker, said on September the 2nd that he had agreed to buy Royal van Lent, a 160-year-old maker of custom-designed yachts from the Dutch investment company Egeria.Aug 22, 2008 Oracles' Ellison is Highest Paid CEO
Oracle Corp.'s Larry Ellison topped the list of the 10 highest-paid CEOs at Standard & Poor's 500 companies, with a fiscal 2008 pay package of $84.6 million.Aug 19, 2008 First Marblehead Replaces CEO
The student finance firm First Marblehead Corp. saw its stock skyrocket Monday after it announced that Daniel Myers, the company's co-founder and former chief executive, would return to the CEO post.Aug 19, 2008 Shareholder Support of “Say on Pay” Growing
Shareholder support for advisory votes on executive compensation is growing, albeit modestly, at U.S. corporations.Aug 19, 2008 CEOs Exiting Position Prematurely: Study
A growing number of chief executives are exiting their positions prematurely, according to a new study.Aug 19, 2008 GE's Immelt on Financial Deals, China Investments
General Electric will dive into the turbulent financial services industry, said chairman and CEO Jeff Immelt during a wide ranging interview from the Beijing Games.Aug 13, 2008 Calpine Corp. Names New CEO
Calpine Corp. named former Texas Genco chief executive Jack Fusco its new president and CEO, replacing Robert May.Aug 12, 2008 United Pilots Call for CEO's Resignation
The United Airlines pilots union called for the resignation of UAL chairman and chief executive Glenn Tilton, underlining the airline's poor on-time performance and financial losses.Aug 11, 2008 Jobs: iPhone Software Booming
Apple CEO Steve Jobs said users downloaded 60 million programs from the newly launched online software clearinghouse.Aug 9, 2008 Firms Pay More for External CEOs
Chief executives hired outside a company are paid significantly more than chief executives hired in-house, according to a new study.Aug 9, 2008 Large Gap in CEO Pay
Despite increasing public scrutiny of exorbitant CEO salaries, 2007 saw an increase in CEO pay at S&P 500 companies.Aug 7, 2008 Cisco Sales Rise, Beat Forecasts
Despite a lagging economy, Cisco Systems profits rose 4.4 percent in the fourth quarter from a year earlier, as CEO John Chambers announced he was "very comfortable" with the company's long-term growth target.Aug 5, 2008 Friendster to Name New CEO
The social networking site plans to name Richard Kimber its new chief executive.Aug 4, 2008 Motorola Names Jha co-CEO
Motorola Inc. names Sanjay Jha co-Chief Executive Officer, tapping him to run the company's ailing wireless handset division.Jul 31, 2008 Former Bear Stearns CEO to Exit J.P. Morgan Chase
Former Bear Stearns chief executive Alan Schwartz will leave J.P. Morgan Chase at the end of August.Jul 31, 2008 Morgan Stanley Invests in New Hires
Morgan Stanley chief executive John Mack readies to recruit top executives.Jul 30, 2008 First Merrill. Who's Next?
Merrill Lynch shores up capital with a fire sale of its mortgage securities and analysts wonder, who's next?Jul 29, 2008 Alcatel-Lucent CEO and Chairman to Quit
Patricia Russo and Serge Tchuruk, the two architects who orchestrated the merger of the telecommunications equipment giant Alcatel-Lucent two years ago, will step down at the end of the year.Jul 28, 2008 Kravis to Take KKR Public
Buyout king Henry Kravis announced late Sunday that he will take his private equity firm Kohlberg Kravis Roberts & Co. public...Jul 25, 2008 Charles Schwab Names New C.E.O.
Charles Schwab Corp. Tuesday named Walter Bettinger II as chief executive and announced it had boosted its quarterly dividend by 20 percent.Jul 25, 2008 Ford Posts Largest Quarterly Loss
Slumping sales and skyrocketing gasoline prices have derailed C.E.O. Alan Mulally's turnaround plans for Ford Motor Co.Jul 22, 2008 Wachovia Loses $8.9 Billion
The nation's fourth largest bank reported a staggering $8.9 billion loss during the second quarter, adding that it will cut its dividend again and slash 6,350 jobs.Jul 21, 2008 Icahn on Board
Jerry Yang can breathe easy, for now.Jul 18, 2008 Merrill Reports $4.9 Billion Loss
Merrill Lynch & Co., weighed down by $9.4 billion in write-downs, posted a second-quarter loss of $4.89 billion Thursday and unveiled plans to sell billions of dollars of assets.Jul 17, 2008 J.P. Morgan Beats Forecasts
Jamie Dimon, chief executive of J.P. Morgan Chase, announced Thursday that the bank's second-quarter net income fell 53 percent as a result of the continued credit crunch and $540 million in costs for the acquisition of Bear Stearns.Jul 17, 2008 Goldman Questioned About Bear's Collapse
Schwartz, who headed Bear Stearns before its epic collapse in March, asked Blankfein whether Goldman Sachs traders in London manipulated the firm's stocks.Jul 16, 2008 G.M. to Cut Jobs, Sell Assets
Battered by slumping sales and a sagging economy, General Motors C.E.O. Rick Wagoner announced plans Tuesday to eliminate its quarterly dividend, slash...Jul 15, 2008 Farewell, Fake Steve
Daniel Lyons, the former Forbes magazine journalist who wrote the immensely popular blog The Secret Diary of Steve Jobs, has decided to pen his last entry.Jul 15, 2008 Merrill Eyeing Sale of Stake in Bloomberg
John Thain is contemplating selling other investments in order to raise capital, including its stake in Bloomberg LP, according to a report by CNBC.com...Jul 11, 2008 Wachovia Names Steel Chief Executive
Wachovia Corp., the nation's fourth largest bank, has named former Treasury Undersecretary Robert Steel chief executive.Jul 10, 2008 Casino Tycoon Cleared for SJM Listing
Stanley Ho, 85, can now move ahead with the $493 million initial public offering, scheduled for mid-July. He has said that most of the money raised will be spent on new casino projects.Jul 10, 2008 Dimon: Credit Crisis Could Worsen
"I do think we have some very serious issues to face," said Dimon, according to Reuters. "Things could actually get worse."Jul 9, 2008 G.M. Ponders Job Cuts, Downsizing
Reeling from slumping sales amid a stalling U.S. economy, General Motors C.E.O. Rick Wagoner is considering cutting thousands of jobs at the Detroit automaker, while also contemplating whether to stop production on some G.M. brands, according to a report by the Wall Street Journal.Jul 9, 2008 Ballmer Open to Restarting Yahoo Talks
Microsoft C.E.O. Steve Ballmer is still interested in buying Yahoo, but only of the entire Yahoo board of directors is replaced, according to reports.Jul 3, 2008 Lakshmi Mittal joins Goldman Sachs board
The steel magnate CEO of ArcelorMittal, Lakshmi Mittal, joined the board of American business bank Goldman Sachs as an independent director, the company announced Sunday.Jul 3, 2008 Grasso to Keep Pay Package
The long legal battle former NYSE Chairman Richard Grasso's compensation package ended when a New York court ruled Grasso could keep the $187.5 million he was paid.Jul 2, 2008 Yang Attempts to Sway Shareholders
"The record casts doubt on whether Microsoft was ever committed to a whole company acquisition," said Yahoo during its shareholder meetings, according to AP.Jul 1, 2008 Lehman Boss to Give Up Bonus
Lehman, the nation’s fourth-largest investment bank, lost almost $3 billion in the second quarter, according bank insiders who wished not to be identified, reports the Associated Press.Jun 27, 2008 Mozilo, Countrywide Under Fire
Countrywide Financial C.E.O. Angelo Mozilo is under fire for providing two U.S. senators and former cabinet members special home loans...Jun 12, 2008 Anne Lauvergeon, McMurphy and Areva's triple play in the United States
Areva, the French engineering and nuclear technology group, harvested a total $11.8 billion worth of contracts this spring in the United States...Jun 8, 2008 Thinking Inside the Box
The streaming service is crucial to Netflix's future prosperity...Jun 5, 2008 Rick Wagoner and General Motors get ready for the post S.U.V.'s era
With consistently rising gas prices, General Motors' CEO, Rick Wagoner, announced drastic cuts in production of S.U.V.'s and pickups on June 3, and geared up plans for smaller cars and engines.Jun 4, 2008 CEO Ken Thompson disembarked by Wachovia Bank
Ken Thompson, CEO of United States’ fourth largest bank, Wachovia, has been asked to quit by the board of directors of the company. He is temporarily replaced by Lanty Smith, present chairman of the board. This decision came to sanction the turbulences that the bank encountered since the beginning of the sub-prime crisis.Jun 3, 2008 Rupert Murdoch and Tom Glocer support Microsoft-Yahoo merger
Two media titans, Rupert Murdoch News Corp's CEO and Tom Glocer, the head of Thompson Reuters, said they support a partnership between computer giant Microsoft and Internet giant Yahoo!, after a deal between the two companies fell through in April.May 31, 2008 Jeffrey Immelt's GE Energy signs $500 million turbine contracts with Saudi Electricity Co
GE Energy, a division of General Electric Co., has signed, with Saudi Electricity Company, contracts worth over $500 million...May 30, 2008 Exxon Chief Keeps Both Roles
Exxon Mobil C.E.O. and Chairman Rex W. Tillerson defeated an attempt to displace him from one of his jobs during an annual shareholders meeting.May 30, 2008 Sears Posts Dismal Earnings
Saying customers were forced to spend more of their money on the soaring cost of gas and food, Sears Holdings Chairman Eddie Lampert announced a quarterly loss of $56 million.May 29, 2008 Honda Announces New Hybrid Schedule
Honda plans a gas-electric version of its popular subcompact model, Fit, with rollout projected for early next decade..May 29, 2008 Microsoft Demos Windows 7
Microsoft chief executive Steve Ballmer unveiled a few details of the software giant's upcoming operating system, tentatively titles Windows 7...May 29, 2008 Carlos Ghosn: “Renault shall be a long term resident in Formula One”
Ghosn confirmed a long term participation of the French motor team in the competition, despite a year and a half of mediocre results.May 28, 2008 Sarin to Step Down at Vodafone
Vodafone Group's Arun Sarin will step down as chief executive officer of the world's largest cell phone operatorMay 28, 2008 HSBC Chief: Mortgage Crisis Could Worsen
HSBC chief executive Michael Geoghegan says the British-based bank might see further losses stemming from the U.S. subprime mortgage debacle, and he suggested banks worldwide hike interest rates to combat inflation.May 26, 2008 Red Bull fuels the fire of the Cola War
Mateschitz's energy drink pioneer company, Red Bull, hopes its new Red Bull Cola, which debuts in Las Vegas in June, will grab a larger share of the mainstream crowd.May 24, 2008 Dov Charney Named Retailer of the Year
American Apparel C.E.O. Dov Charney was named Retailer of the Year at 15th Annual Michael Awards, a fashion industry ceremony held at New York City’s Marriott Marquis Hotel.May 24, 2008 Cablevision Acquires Newsday
Cablevision Systems Corp., led by C.E.O. James Dolan, reached a $650 million deal to buy the Long Island daily Newsday from Tribune Co.May 21, 2008 Big Bosses Take Moderate Pay Hit
The median C.E.O. pay increased just 1.3 percent from 2006 to 2007, according to a recent study by the executive compensation research firm Equilar...May 16, 2008 Carlos Ghosn and Renault-Nissan to go electric
Carlos Ghosn and Renault-Nissan to launch an electric car in the U.S. in 2010May 16, 2008 Cleanup at Citigroup
Within the next three years, Pandit announced, Citigroup will shed $400 billion in assets, all in an effort to streamline the bank and appeased worried shareholders.May 16, 2008 CBS’s Big Bet
C.E.O. Les Moonves announced CBS Corp. is buying CNet Networks Inc., the online news provider for $1.8 billion.May 15, 2008 Ghosn's Renault-Nissan Alliance and Bajaj to give Tata's Nano a race
Ghosn and Renault-Nissan Alliance have announced on May 13, the launching of the manufacturing of their own ultra-budget carWelcome to C.E.O. Watch, where we take stock of the business world's major players, while providing weekly news roundups from the world of Wall Street. Here we profile the C.E.O.s and their firms – those reinventing their companies amid bleak economic times and those unlikely to recover from historic losses. We tally Corporate America's wins and losses while providing insight into the capitalism's insiders. We mean business.
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