Category: CEO
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BlackRock CEO Says ‘I Was Wrong About Bitcoin’, Here’s Why
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Larry FinkThe founder and chairman of BlackRock, the world’s largest asset manager, has admitted that he was wrong about his previous views on Bitcoin. While he has backtracked on his previous stance on the leading cryptocurrency, the famed CEO said Praise for cryptocurrencyconfirming its amazing growth over the years. BlackRock…
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JPMorgan CEO Jamie Dimon to visit Kenya in four-nation tour in growth push
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JPMorgan Chase Chief Executive Jamie Dimon plans to travel to Africa in mid-October as the largest U.S. lender seeks to expand on the continent, his first trip there in seven years, four people familiar with the matter told Reuters. Two sources said Dimon is expected to visit Kenya, Nigeria, South…
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Starbucks North America CEO Michael Conway Quits After Just 6 Months In The Position
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Starbucks North America CEO Michael Conway resigns after just 6 months on the job In a surprising move, Michael Conway, Starbucks The CEO of North American company (NASDAQ:SBUX) has resigned, after just six months in the job. What happenedConway, who took over in April, informed the company of his decision…
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You Won’t Believe What Larry Ellison and Elon Musk Said to Nvidia CEO Jensen Huang
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Larry Ellison is the Chairman of the Board. Oracle (NYSE: ORCL)which is currently building some of the world’s fastest and most cost-efficient data centers to develop artificial intelligence. On the other hand, Elon Musk runs Tesla (NASDAQ:TSLA)He is working on building AI-powered self-driving software for his electric vehicles, and runs…
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Boeing strike to slow down Ryanair’s growth plans: CEO Michael O’Leary (NYSE:BA)
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John Moore/Getty Images News Ryanair (Nasdaq:RayaiBoeing CEO Michael O’Leary said Saturday that the aircraft contract extension (New York Stock Exchange: BAThe workers’ strike could cut the number of aircraft the company receives by next summer to 20 from an expected 25. The Irish carrier was expecting to receive The strike…
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Nasdaq CEO: U.S. economic growth would be 0.5% higher if it weren’t for fraud
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If financial crime were a sector of the U.S. economy, it would be on par with accommodation and food services—money laundering activity would account for 3.1% of national GDP in 2023. Despite its scale, financial crime remains a largely hidden epidemic, spanning jurisdictions and borders and underpinning many of society’s…
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Stellantis dealers in U.S. blame CEO for ‘rapid degradation’ of its brands
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jetcityimage/iStock Editorial via Getty Images Stellantis’NYSE: STLAThe U.S. auto dealer network has criticized CEO Carlos Tavares for the “rapid decline” of its brands, accusing him of “short-term decisions” that have increased profits and his own compensation, according to an open letter seen by Bloomberg. The car manufacturer has The company…
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Norfolk Southern CEO fired for ethics violation, secret relationship
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Norfolk Southern Corp. has fired Chief Executive Alan Shaw after an investigation into allegations he engaged in an inappropriate relationship in the workplace, a stunning fall from grace just two years after he took the helm. Shaw was fired for cause, effective immediately, after the railroad found he violated company…
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Ex-Alameda Research CEO Caroline Ellison’s Sentencing Hearing Scheduled For Sept. 24
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As revealed in a recent court filing, Caroline Ellison, the former CEO of Alameda Research, is preparing for a sentencing hearing two years after the collapse of the FTX exchange, which was once run by her former partner, Sam Bankman Fried. However, the filing reveals that Ellison asked permission to…
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Starbucks new CEO Niccol to focus on US in first 100 days By Reuters
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(Reuters) – Starbucks Corp.’s new Chief Executive Brian Niccol laid out his plan for the first 100 days on Tuesday, saying he will focus on improving the customer experience at its U.S. stores. Nicol took over from Lakshman Narasimhan on September 9 as the coffee chain grapples with weak demand…
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Norfolk Southern CEO under investigation for alleged relationship with employee
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Norfolk Southern CEO Alan Shaw The railway company confirmed on Monday that it is under investigation for possible ethical misconduct. A spokeswoman for the Atlanta-based railroad, one of the six largest in North America, declined to provide any additional details about the nature of the allegations against Shaw, who worked…
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PNC Financial stock rises after CEO comments on Q3 NII guidance (NYSE:PNC)
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sharrocks/iStock Not published via Getty Images PNC Financial Services Group (NYSE:PNC) Stock I got 3% In afternoon trading Monday, Chairman and Chief Executive William S. Demchak projected the bank would generate net interest income in the third quarter at the high end of the 1% to 2% growth target it…
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Norfolk Southern board probing CEO over alleged workplace relationship: CNBC (NYSE:NSC)
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Norfolk Southern (NYSE:NSCApple Inc.’s board of directors is looking into allegations that CEO Alan Shaw engaged in an inappropriate relationship in the workplace, CNBC reported Sunday, citing three people familiar with the matter. According to a reportThe investigation is in its early stages, and It is likely that no misconduct…
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Norfolk Southern CEO faces probe over alleged workplace relationship, CNBC reports By Reuters
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(Reuters) – Norfolk Southern’s board of directors is reviewing allegations that Chief Executive Alan Shaw engaged in an inappropriate relationship in the workplace, CNBC reported on Sunday, citing three people familiar with the matter. Norfolk Southern The New York Stock Exchange (NYSE:) did not respond to a Reuters request for…
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Bending Spoons to lay off 75% of WeTransfer staff post deal, CEO says By Reuters
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Italian app developer Bending Spoons will lay off 75% of its staff at file-sharing platform WeTransfer, Luca Ferrari, CEO of the company, said in a statement on Sunday. “I will not be more specific at this stage as the period of redundancies has not yet been fully defined,” Ferrari said…
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Renault CEO says sector could face billions in fines as EV sales slow By Reuters
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PARIS (Reuters) – Europe’s car industry could face fines of up to 15 billion euros ($17.4 billion) over carbon emissions as demand for electric vehicles slows. Renault “The EPA’s chief executive, Luca de Meo, said on Saturday: Carmakers face tougher EU CO2 emissions targets in 2025 with the cap on…
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Telegram CEO Pavel Durov responds to accusations after indictment
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Durov spoke out for the first time since his arrest last week, defending the platform’s moderation efforts and criticizing authorities for targeting him personally over users’ illegal activities. Today, nearly a week after Telegram CEO Pavel Durov was indicted in France, he issued a statement statement Addressing his recent legal…
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Telegram CEO Pavel Durov responds to accusations after indictment
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Durov spoke out for the first time since his arrest last week, defending the platform’s moderation efforts and criticizing authorities for targeting him personally over users’ illegal activities. Today, nearly a week after Telegram CEO Pavel Durov was indicted in France, he issued a statement statement Addressing his recent legal…
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Bitcoin Might Not Benefit From Federal Reserve Rate Cuts, Former BitMEX CEO Explains Why
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Arthur Hayes, co-founder and former CEO of cryptocurrency exchange BitMEX, recently took to X Explains Why he believes that the expected interest rate cuts by the US Federal Reserve may not have the expected impact on the price of Bitcoin. Lowering interest rates is not a magic solution to Bitcoin’s…
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Hong Kong Property Pain Worsens for New World and Scion CEO
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(Bloomberg) — Shares of New World Development Co. fell as much as 14% Monday morning, as a slowdown in Hong Kong’s property market weighs on the company owned by billionaire Cheng’s family. Most Read from Bloomberg The company said late Friday it expects to post a loss of up to…