Category: CEO
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Red Lobster’s new CEO said the seafood chain’s endless shrimp offering caused an all-you-can-eat chaos
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Red Lobster has had a questionable few months. In May, the seafood chain filed for bankruptcy after closing more than 50 locations amid huge losses from an Endless Shrimp promotion that caused chaos. But in August, Red Lobster welcomed a new CEO: Damola Adamolekun, the 35-year-old former CEO of PF…
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AI will radically change every job in the next year, Indeed CEO says
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On this episode of Fortune’s Leadership Next podcast, host Diane Brady talks to Indeed CEO Chris Hyams. The interview was conducted live in front of an audience at Deloitte’s Next Generation CEO Program. During the discussion, the conversation covered Hyams’ nontraditional route to the C-suite, which included jobs at an adolescent psychiatric hospital and…
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Former BitMEX CEO Arthur Hayes Backs Memecoin PEPE With $250,000 Bet
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This article is also available in Spanish. Arthur Hayes, co-founder and former CEO of cryptocurrency trading platform BitMEX, has recently made headlines with significant investments in the memecoin sector, particularly through his notable purchase of Pepe (PEPE). Hayes’ optimism towards meme currencies has been expressed recently Social media sharing On…
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Steward Health CEO who refused to testify to US Senate will step down By Reuters
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WASHINGTON (Reuters) – Ralph de la Torre will step down as CEO of troubled Steward Healthcare next week after the U.S. Senate held him in criminal contempt for refusing to testify about cost-cutting decisions in the U.S. Senate, the company said on Saturday. The group’s 31 hospitals before it declared…
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Steward Health CEO who refused to testify to US Senate will step down By Reuters
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WASHINGTON (Reuters) – Ralph de la Torre will step down as CEO of troubled Steward Healthcare next week after the U.S. Senate held him in criminal contempt for refusing to testify about cost-cutting decisions in the U.S. Senate, the company said on Saturday. The group’s 31 hospitals before it declared…
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UniCredit CEO Orcel attended virtual meeting with Commerzbank, source says By Reuters
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MILAN (Reuters) – UniCredit President Andrea Ursel attended a virtual meeting held by the Italian bank on Friday with Commerzbank (ETR:) after it became the German bank’s largest private investor, a source familiar with the matter told Reuters. Commerzbank’s CEO-designate, Bettina Orlop, was also present at the conference call on…
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Maryanne Ochola: The CEO who’s a sunshine, even through tough times
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Marian Ochola walks in the sunlight. Managing Director, Endeavor Kenya, is a magnetic force of energy. She knows all about pain too. The story unfolds: While losing her father; She was losing her marriage too. But she didn’t lose her smile. I stop to think about the courage it takes…
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Binance founder and former CEO Changpeng Zhao released from prison
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Binance founder and former CEO Changpeng Zhao was released from prison two days early after a four-month prison sentence in the United States. The 47-year-old was initially scheduled to be released on September 29, but because the date fell on a weekend, federal rules allowed Changpeng Zhao to be released…
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Binance founder and former CEO Changpeng Zhao released from prison
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Binance founder and former CEO Changpeng Zhao was released from prison two days early after a four-month prison sentence in the United States. The 47-year-old was initially scheduled to be released on September 29, but because the date fell on a weekend, federal rules allowed Changpeng Zhao to be released…
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Next CEO sells £29m stake as capital gains tax reforms loom under Reeves
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Next chief executive Lord Wolfson has sold a £29m stake in the retail giant ahead of potential changes to the capital gains tax (CGT) regime, expected in Chancellor Rachel Reeves’ first Budget next month. New filings reveal that the conservative peer offloaded 290,000 shares between Friday and Tuesday, valuing its…
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New Check Point CEO to receive $15.3m remuneration package
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new Check Point Software Technologies Co., Ltd. (NASDAQ: CHKPCEO Nadav Zafrir will receive a compensation package of up to $15.3 million, after it is approved at a shareholder meeting in late October. Israeli cybersecurity firm Check Point announced two months ago that it had appointed Team8 venture capital fund founder…
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Nvidia stock jumps on report CEO Jensen Huang is done selling shares after $713 million windfall
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Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/PI Nvidia shares closed up 4% on a report that CEO Jensen Hwang has finished selling shares. Hwang generated $713 million in total sales revenue. He remains the largest shareholder in Nvidia. Nvidia Shares rose 5% on Tuesday. Barron’s newspaper…
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Starbucks CEO Niccol says committed to “engage constructively” with workers union By Reuters
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Starbucks Inc.’s (NASDAQ: ) new CEO Brian Niccol said in a letter Tuesday that he “deeply respects” the coffee chain’s workers’ right to choose to be represented by a union and is committed to “engaging constructively.” Starbucks continues its contract negotiations with the union this week. This will be Niccol’s…
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Stellantis begins search for successor to CEO Carlos Tavares By Reuters
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(Reuters) – Stellantis said on Monday it has begun searching for a candidate to succeed Chief Executive Carlos Tavares, whose contract is due to expire in 2026. However, the automaker added that there is still a possibility that Tavares will stay longer. Tavares has been under pressure to turn around…
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CryptoQuant CEO Backs CZ As Binance Founder Nears Freedom
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Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, has expressed strong support for Binance founder Changpeng Zhao (CZ) as he nears the end of his detention. The former Binance CEO and crypto influencer is currently serving a four-month prison sentence after pleading guilty to violating the US Bank Secrecy…
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RENN Fund CEO Murray Stahl buys $2,704 worth of company stock By Investing.com
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In a recent deal completed on September 19, Murray Stahl, Chairman and CEO of RENN Fund, Inc. (NYSE:RCG), increased his stake in the company. The deal involved the purchase of shares at $1.98 per share, for a total value of $2,704. Stahl’s move demonstrates his increased investment in the company,…
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Nike names former executive Elliott Hill as CEO
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Nike Inc. (NKE) announced a new chief executive on Thursday, sending its shares up about 10% in after-hours trading as the company tries to revive sluggish sales growth amid increased competition. Elliott Hill, a former Nike executive who retired in 2020, will return to the company as CEO and president…
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FTC slaps GameStop CEO with $1 million fine over Wells Fargo shares
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Gamestop Corp. CEO Ryan Cohen is set to pay a nearly $1 million fine for allegedly violating antitrust law by acquiring shares in Wells Fargo & Co. Cohen failed to file a form he was required to submit to antitrust agencies under the Hart-Scott-Rodino Act after his purchases of Wells…
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Esperion CEO Sheldon Koenig sells shares worth over $26k By Investing.com
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Sheldon L. Koenig, CEO of Esperion Therapeutics, Inc. (NASDAQ:ESPR), sold a total of 14,550 shares of the company’s common stock. The transaction, which occurred on September 17, 2024, was executed at a price of $1.796 per share, resulting in a total sale value of $26,131. According to the filing, the…