CEO Watch Business Newsroom
Welcome to CEO-watch.com's newsroom. Find all news articles published on CEO-watch.com compiled chronologically in this section.
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. 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. 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. 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. “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. Ex-WorldCom CEO Seeks Presidential Pardon Former WorldCom chief executive Barnard Ebbers has submitted a request to have his 25-year sentence commuted “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. 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. 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. Congressman Eyes CEO Pay The nation's nine largest banks benefiting from $125 billion in government emergency aid were asked to justify executive bonuses.
