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.
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.
"The record casts doubt on whether Microsoft was ever committed to a whole company acquisition," said Yahoo during its shareholder meetings, according to AP.
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.
Countrywide Financial C.E.O. Angelo Mozilo is under fire for providing two U.S. senators and former cabinet members special home loans...
Areva, the French engineering and nuclear technology group, harvested a total $11.8 billion worth of contracts this spring in the United States...
The streaming service is crucial to Netflix's future prosperity...
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.
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.
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.
Welcome to CEO 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 CEOs 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.
