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Chief Executive Officers

Facebook CEO Mark Zuckerberg: Elon Musk’s doomsday AI predictions are ‘pretty irresponsible’

cnbc.com

Facebook CEO Mark Zuckerberg: Elon Musk’s doomsday AI predictions are ‘pretty irresponsible’

- Facebook CEO Mark Zuckerberg spent his Sunday afternoon smoking meats and doing a Facebook Live from his backyard in Palo Alto, California. While waiting for his brisket to slow cook, he delivered an admonition to Elon Musk, his fellow Silicon Valley billionaire, and others who sound alarm bells over artificial intelligence posing a threat to our safety and well-being. AI is going to make our lives better in the future, and doomsday scenarios are "pretty irresponsible," says Zuckerberg
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Oil markets need regulator in face of speculators: Eni CEO

reuters.com

Oil markets need regulator in face of speculators: Eni CEO

- Eni () CEO Claudio Descalzi said OPEC and Saudi Arabia were not in a position to push prices higher by cutting output, adding that geopolitical tensions, growing U.S. shale oil production and heavy speculation in crude futures were hurting the sector. "The financial speculation is so strong that it has transformed even those with long term strategies into short term investors," Descalzi was quoted as saying
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Places: Americas |  North America |  United States | 

MIDJersey Chamber of Commerce hires new CEO following Prunetti's sudden departure

trentonian.com

MIDJersey Chamber of Commerce hires new CEO following Prunetti's sudden departure

- TRENTON >> A Central New Jersey man with an extensive media publishing background has been chosen as the next CEO and president to lead the MIDJersey Chamber of Commerce. Tom Curtin, 55, of Basking Ridge in Somerset County, will assume his new responsibilities on Monday as the incoming chief of the pro-business organization. Curtin has been hired as the successor to former MIDJersey Chamber of Commerce chief Robert “Bob” Prunetti, who suddenly parted ways from the organization in May over differences of opinion regarding the chamber’s future
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Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New Jersey | 

Major company CEOs made 271 times the typical U.S. worker in 2016

courant.com

Major company CEOs made 271 times the typical U.S. worker in 2016

- CEO pay may not be quite as high as it once was, but the numbers still dwarf the pay earned by the typical worker. Chief executives of America's 350 largest companies made an average of $15.6 million in 2016, or 271 times more than what the typical worker made last year, according to the Economic Policy Institute's annual report on executive compensation released Thursday
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Categories: Business | 
Places: North America |  United States |  Northeast |  New England |  Connecticut | 

Warren Averett firm taps Mary Elliott as new CEO

al.com

Warren Averett firm taps Mary Elliott as new CEO

- Accounting firm Warren Averett has named Mary Elliott as its new chief executive officer. In a statement, she said she was "honored and humbled to be given this opportunity."
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Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama |  Birmingham |  Jefferson | 

Treasury fines Exxon Mobil $2 million for violating Russia sanctions while Sec of State Tillerson was CEO

cnbc.com

Treasury fines Exxon Mobil $2 million for violating Russia sanctions while Sec of State Tillerson was CEO

- The Treasury Department has fined Exxon Mobil $2 million for violating U.S. sanctions against Russian individuals, citing actions the oil major took while Secretary of State Rex Tillerson was still serving as the company's CEO. Exxon Mobil said on Thursday it had launched a legal challenge to the finding. It charges that Treasury was seeking to retroactively enforce changes to its original guidance and had denied the company its constitutional right to due process
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Categories: Politics & Government |  Business | 
Places: Americas |  North America |  United States |  Europe |  E. Europe |  Russia | 

Climate experts pulled from Glacier National Park tour with Facebook CEO Mark Zuckerberg

washingtonpost.com

Climate experts pulled from Glacier National Park tour with Facebook CEO Mark Zuckerberg

- Facebook CEO Mark Zuckerberg flew to Glacier National Park last Saturday to tour the melting ice fields that have become the poster child for climate change’s effects on Montana’s northern Rockies. But days before the tech tycoon’s visit, the Trump administration abruptly removed two of the park’s top climate experts from a delegation scheduled to show him around, telling a prominent research ecologist and the widely respected park superintendent that they were no longer going to participate in the tour
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Categories: Business |  Science & Nature |  Travel & Recreation | 
Places: Americas |  North America |  United States | 

Dow Chemical's CEO — a Trump advisor — says the US will 'find a way back' to Paris Agreement

cnbc.com

Dow Chemical's CEO — a Trump advisor — says the US will 'find a way back' to Paris Agreement

- Even though President Donald Trump loudly withdrew the U.S. from the Paris climate agreement, one of his advisors said the break may not be permanent. "I do believe we will find a way back to [the Paris Agreement]," said Andrew Liveris, Dow Chemical CEO & chairman, addressing a small crowd at the New Lab in Brooklyn. Liveris, head of Trump's manufacturing council, spoke Friday at the DS Virgin Innovation Summit in New York, an event to promote sustainable technology
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Categories: Politics & Government |  Business | 
Places: Americas |  North America |  United States |  Edgar | 

Paterson’s Eva’s Village names new chief executive officer

patersontimes.com

Paterson’s Eva’s Village names new chief executive officer

- The state’s largest anti-poverty organization named a new chief executive officer. Mark Schmit was selected as the chief executive officer of Eva’s Village on Friday. He replaces chief executive Marie Reger. Schmit (pictured) is a business administrator and is owner and partner of several companies, according to the nonprofit. A resident of Wyckoff, Schmit is deferring retirement to head the social service organization that runs 20 programs providing food, shelter, medical care, education, job training, and addiction recovery services to the needy
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Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New Jersey | 

Doug Franklin steps down as CEO of Boston Globe over differences with owner John Henry

masslive.com

Doug Franklin steps down as CEO of Boston Globe over differences with owner John Henry

- Doug Franklin, the CEO hired to help create a sustainable business model for Boston Globe Media, is stepping down. Franklin is leaving the position over differences with Globe owner John Henry, he said in an email to Globe staff. "We have our differences how to strategically achieve our financial sustainability." His resignation, given Tuesday morning, was effective immediately. He held the position for half a year
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Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Boston |  Boston |  Suffolk | 

Hampton Creek’s entire board is said to leave except for CEO

sfgate.com

Hampton Creek’s entire board is said to leave except for CEO

- At least five directors left the board of San Francisco food startup Hampton Creek, many in the last month, over deep discord with co-founder and CEO Josh Tetrick, said people familiar with the matter. Tetrick is now the only remaining board member, said the people, who asked not to be identified because the information is private. Departures include Bon Appétit Management Co
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Places: Americas |  North America |  United States |  West |  Pacific |  California |  North |  Bay Area |  San Francisco | 

Globe CEO Doug Franklin steps down

boston.com

Globe CEO Doug Franklin steps down

- Boston Globe chief executive officer Doug Franklin stepped down Tuesday morning, less than seven months into the job, citing strategic differences with publisher John W. Henry, the owner of New England’s largest news organization. “While John Henry and I share similar passion and vision for the Globe, we have our differences [in] how to strategically achieve our financial sustainability,’’ Franklin wrote in a short note to staff
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Places: Americas |  North America |  United States |  Northeast |  New England | 

Globe CEO quits, cites 'differences' with John Henry

bostonherald.com

Globe CEO quits, cites 'differences' with John Henry

- Boston Globe CEO Doug Franklin resigned today after just seven months in the job, citing differences with owner John Henry in how to best stabilize the newspaper. The Globe confirmed the news on its website this afternoon, shortly after the text of a memo Franklin sent to employees was leaked to websites, including the Boston Business Journal. In a copy of the memo published by the journal, Franklin, who started the gig Jan
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Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts |  Boston |  Suffolk | 

Thankful for the advice he received as young man, this CEO is paying it forward

newsobserver.com

Thankful for the advice he received as young man, this CEO is paying it forward

- When Nick Favret first met Fulton Breen at a business conference in 2014, Favret was 35 years old—still young, but on the precipice of making big decisions. Breen, the CEO and founder of a data analytics software company in Morrisville, asked Favret a few simple questions. Favret ticks off the rules of thumb he’s learned from Breen in the years since that day: Get your values and the rest follows
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Places: Americas |  North America |  United States |  South |  Atlantic |  North Carolina | 

JPMorgan CEO says being an American abroad is ‘almost an embarrassment’

bostonglobe.com

JPMorgan CEO says being an American abroad is ‘almost an embarrassment’

- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, fresh from a work trip overseas, unloaded on everything that’s holding U.S. businesses back. Dimon, speaking on an earlier call with reporters to discuss JPMorgan’s second-quarter results, said the media should focus on the major issues the nation faces rather than the vagaries of the firm’s Wall Street trading businesses. The biggest U
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At biggest U.S. companies, CEOs got a nice raise last year

seattletimes.com

At biggest U.S. companies, CEOs got a nice raise last year

- NEW YORK — The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That’s the biggest raise in three years. The bump reflects how well stocks have done under these CEOs’ watch
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Places: Americas |  North America |  United States | 

Few women among nation’s CEOs, but they are well paid

seattletimes.com

Few women among nation’s CEOs, but they are well paid

- NEW YORK — Women CEOs earned big bucks last year, but there’s still very few of them running the world’s largest companies. The median pay for a female CEO was $13.1 million last year, up 9 percent from 2015, according to an analysis of S&P 500 companies by executive data firm Equilar and The Associated Press. By comparison, male CEOs earned $11
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Places: Americas |  North America |  United States | 

Popular Stories

Facebook CEO Mark Zuckerberg: Elon Musk’s doomsday AI predictions are ‘pretty irresponsible’
Facebook CEO Mark Zuckerberg: Elon Musk’s doomsday AI predictions are ‘pretty irresponsible’ Facebook CEO Mark Zuckerberg spent his Sunday afternoon smoking meats and doing a Facebook Live from his backyard in Palo Alto, California. While waiting for his brisket to slow cook, he delivered an admonition to Elon Musk, his fellow Silicon Valley billionaire, and others who sound alarm bells over artificial intelligence posing a threat to our safety and well-being. AI is going to make our lives better in the future, and doomsday scenarios are "pretty irresponsible," says Zuckerberg   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Ahead of earnings, Alphabet adds Google CEO Sundar Pichai to a board already heavy with insiders
Ahead of earnings, Alphabet adds Google CEO Sundar Pichai to a board already heavy with insiders Alphabet, the parent company of Google, said Monday that Google CEO Sundar Pichai has joined its board of directors. After more than a decade at Google, Pichai was named CEO of the company when it was re-organized in August 2015 into a unit of Alphabet. Pichai "helped lead the development of key consumer products which are now used by over a billion people," the company said in a statement announcing the appointment   Read More ...
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Places: Americas |  North America |  United States | 
Companies do better when CEO pay dwarfs average worker, study finds
Companies do better when CEO pay dwarfs average worker, study finds As Democrats launch their midterm agenda focused in large part on reigning in corporate excess, here’s a study with a decidedly different take. A paper to be presented at the American Accounting Association annual meeting finds that the higher the gap is between CEO pay and that of the median worker, the better the company performance. The researchers examined CEO pay ratios for 817 firms, whose CEOs had an average annual compensation of $7   Read More ...
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Places: United States | 
What millennials want from their CEOs: Activism
But there’s one group of consumers that is far more likely than others to believe corporate leaders have a responsibility to speak up on societal matters — and it will come as little surprise. It’s millennials. A new report from the global public relations firm Weber-Shandwick and KRC Research surveyed Americans on how they feel about “CEO activism” — when corporate officials make public statements on social issues   Read More ...
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Places: United States | 
VEON board elects former Xerox CEO Ursula Burns as chairman
VEON board elects former Xerox CEO Ursula Burns as chairman FRANKFURT (Reuters) - Global telecoms operator VEON has elected former Xerox Corp chief Ursula Burns as its chairman, the company said on Monday, part of corporate governance reforms that are designed to showcase its makeover as an online services player. Alexey Reznikovich, the long-serving chairman of VEON, formerly known as VimpelCom, will remain on the board as one of the representatives of LetterOne Investment, the company said   Read More ...
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Places: United States | 
Telecom Italia CEO says Vivendi plan to appoint new executive triggered clashes
Telecom Italia CEO says Vivendi plan to appoint new executive triggered clashes MILAN (Reuters) - One of the reasons Telecom Italia's (TIM) CEO Flavio Cattaneo fell out with the phone group's top shareholder Vivendi was the French company's plan to appoint a managing director at his side, daily La Repubblica said on Monday. TIM's remuneration and appointments committee will meet on Monday to discuss "a proposal to end the relationship (with Cattaneo) by mutual consent"   Read More ...
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Places: United States | 
Oil markets need regulator in face of speculators: Eni CEO
Oil markets need regulator in face of speculators: Eni CEO Eni () CEO Claudio Descalzi said OPEC and Saudi Arabia were not in a position to push prices higher by cutting output, adding that geopolitical tensions, growing U.S. shale oil production and heavy speculation in crude futures were hurting the sector. "The financial speculation is so strong that it has transformed even those with long term strategies into short term investors," Descalzi was quoted as saying   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Why does gender parity remain elusive in corporate America?
Why does gender parity remain elusive in corporate America? When Mary Barra was named CEO of General Motors and broke the glass ceiling of the auto industry three years ago, many applauded. She joined other top executives like Facebook’s Sheryl Sandberg and Pepsi’s Indra Nooyi who were also rocking it in business. With countless other qualified female executives waiting in the wings, many hoped their ascension to the CEO job, C-suite position or corporate board might be a bit easier as a result   Read More ...
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Places: North America |  United States | 
Major company CEOs made 271 times the typical U.S. worker in 2016
Major company CEOs made 271 times the typical U.S. worker in 2016 CEO pay may not be quite as high as it once was, but the numbers still dwarf the pay earned by the typical worker. Chief executives of America's 350 largest companies made an average of $15.6 million in 2016, or 271 times more than what the typical worker made last year, according to the Economic Policy Institute's annual report on executive compensation released Thursday   Read More ...
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Places: North America |  United States | 
New chamber CEO ready to work with businesses across state
TRENTON -- The newly appointed CEO of the MIDJersey Chamber of Commerce says he's ready to get started. The chamber announced this week that Thomas Curtin, the former web publisher of , will take over the executive role on Monday. "When the opportunity came around I thought it would be a good fit for me," Curtin said Friday. "I'm really excited to get started   Read More ...
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Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New Jersey | 
MIDJersey Chamber of Commerce hires new CEO following Prunetti's sudden departure
MIDJersey Chamber of Commerce hires new CEO following Prunetti's sudden departure TRENTON >> A Central New Jersey man with an extensive media publishing background has been chosen as the next CEO and president to lead the MIDJersey Chamber of Commerce. Tom Curtin, 55, of Basking Ridge in Somerset County, will assume his new responsibilities on Monday as the incoming chief of the pro-business organization. Curtin has been hired as the successor to former MIDJersey Chamber of Commerce chief Robert “Bob” Prunetti, who suddenly parted ways from the organization in May over differences of opinion regarding the chamber’s future   Read More ...
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Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New Jersey | 
Tesla just welcomed this CEO to its board. Here’s why it’s a big deal for Silicon Valley
Tesla just welcomed this CEO to its board. Here’s why it’s a big deal for Silicon Valley Tesla has bucked its trend of appointing mostly men to its board of directors. And the move could mark a new direction for other Silicon Valley companies as they make their leadership teams more diverse. On Monday, Tesla welcomed Ebony Media CEO Linda Johnson Rice, the second woman out of a group of nine board members and the first African-American to hold that role, according to Fortune   Read More ...
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Places: North America |  United States | 
After a Decade in Business, This Founder Became CEO. Here is How She Tackles New Challenges With Conviction.
After a Decade in Business, This Founder Became CEO. Here is How She Tackles New Challenges With Conviction. Julia Hartz says she believes that bringing people together can be a catalyst for real change. It’s the philosophy that drives Eventbrite, the global ticketing platform that she co-founded with her husband Kevin and Renaud Visage. After a decade in business as the company's president, Hartz took on the position of CEO in April of 2016. Her first year as CEO included a significant milestone, the biggest event that Eventbrite has ever helped power: the Women’s March on Jan   Read More ...
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Places: Americas |  North America |  United States | 
Major company CEOs made 271 times the typical U.S. worker in 2016
Major company CEOs made 271 times the typical U.S. worker in 2016 CEO pay may not be quite as high as it once was, but the numbers still dwarf the pay earned by the typical worker. Chief executives of America's 350 largest companies made an average of $15.6 million in 2016, or 271 times more than what the typical worker made last year, according to the Economic Policy Institute's annual report on executive compensation released Thursday   Read More ...
Categories: Business | 
Places: North America |  United States |  Northeast |  New England |  Connecticut | 
Russell Stover names new president/CEO
Russell Stover names new president/CEO Kansas City-based Russell Stover Chocolates has named a new president and CEO. Andrew Deister took over the positions on Monday. He will report to Andreas Pfluger, who has the overall responsibility for the NAFTA region within the Lindt & Sprüngli Group Management and had been president and CEO since Russell Stover was acquired by Lindt & Sprüngli in 2014. Deister had previously served as president and CEO for Robert Rothschild Farm, a premium specialty foods company based in Urbana, Ohio   Read More ...
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Places: Americas |  North America |  United States |  Midwest |  West |  Missouri | 
Warren Averett firm taps Mary Elliott as new CEO
Warren Averett firm taps Mary Elliott as new CEO Accounting firm Warren Averett has named Mary Elliott as its new chief executive officer. In a statement, she said she was "honored and humbled to be given this opportunity."   Read More ...
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Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama |  Birmingham |  Jefferson | 
Climate experts pulled from Glacier National Park tour with Facebook CEO Mark Zuckerberg
Facebook CEO Mark Zuckerberg flew to Glacier National Park last Saturday to tour the melting ice fields that have become the poster child for climate change’s effects on Montana’s northern Rockies. But days before the tech tycoon’s visit, the Trump administration abruptly removed two of the park’s top climate experts from a delegation scheduled to show him around, telling a prominent research ecologist and the widely respected park superintendent that they were no longer going to participate in the tour   Read More ...
Categories: Business |  Science & Nature |  Travel & Recreation | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Massachusetts | 
KeyCorp CEO Beth Mooney says economic stimulus will have 'a coiled-spring effect' on banks' capital
KeyCorp CEO Beth Mooney says economic stimulus will have 'a coiled-spring effect' on banks' capital After KeyCorp's second-quarter earnings beat Wall Street's estimates, the stock declined over 3 percent on management's somewhat tepid full-year guidance, so Chairman and CEO Beth Mooney wanted to clarify the company's prospects and goals. "We see strength in our company, strong balance sheet, and I do believe, if there is some more clarity and some fiscal stimulus added to this economy, that there's almost a coiled-spring effect that has not yet come through in expenditures for capital expenditures or other kinds of business investments," Mooney told "Mad Money" host Jim Cramer on Thursday   Read More ...
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Places: Americas |  North America |  United States | 
BRIEF-Karnalyte Resources Inc appoints interim CEO
July 20 (Reuters) - Karnalyte Resources Inc * Board has appointed W. Todd Rowan as interim chief executive officer, effective July 20, 2017 * Karnalyte Resources Inc - Rowan will also continue to serve as a member of company's board * Board currently undertaking a process to appoint a new permanent chief executive officer of the company Source text for   Read More ...
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Places: Americas |  North America |  United States | 
BRIEF-Genesee & Wyoming Australia says appoints Luke Anderson as CEO
July 20 (Reuters) - Genesee & Wyoming Australia: * Genesee & Wyoming Australia appoints Luke Anderson as chief executive officer * Anderson was previously chief financial officer of Australian mining company OZ Minerals Limited * Says Anderson's appointment will be effective October 2, 2017 * Anderson succeeds David Brown, G&W's chief operating officer who has served as interim GWA managing   Read More ...
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Places: Oceania |  Australasia |  Australia |  Americas |  North America |  United States | 
Former virtual currency CEO pleads guilty to $9M fraud
HARTFORD, Conn. (AP) — The former CEO of companies that sold the virtual currency Paycoin and hashlets has pleaded guilty in Connecticut to a $9 million fraud. Homero Joshua Garza pleaded guilty on Thursday to wire fraud. Prosecutors say the former Somers resident ran several companies in the business of virtual currency. Virtual currency can be mined by computers doing complex algorithms   Read More ...
Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States | 
Treasury fines Exxon Mobil $2 million for violating Russia sanctions while Sec of State Tillerson was CEO
Treasury fines Exxon Mobil $2 million for violating Russia sanctions while Sec of State Tillerson was CEO The Treasury Department has fined Exxon Mobil $2 million for violating U.S. sanctions against Russian individuals, citing actions the oil major took while Secretary of State Rex Tillerson was still serving as the company's CEO. Exxon Mobil said on Thursday it had launched a legal challenge to the finding. It charges that Treasury was seeking to retroactively enforce changes to its original guidance and had denied the company its constitutional right to due process   Read More ...
Categories: Politics & Government |  Business | 
Places: Americas |  North America |  United States |  Europe |  E. Europe |  Russia | 
CEOs make 271 times the pay of most workers
CEOs make 271 times the pay of most workers The pay gap between company bigwigs and ordinary working stiffs is narrowing, but there's still a major chasm. CEOs at the largest U.S. firms now make 271 times more than the average worker, according to calculations by the Economic Policy Institute for 2016 salary numbers. Including stock options, average pay for those at the top of the corporate ladder came to $15   Read More ...
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Places: Americas |  North America |  United States | 
Climate experts pulled from Glacier National Park tour with Facebook CEO Mark Zuckerberg
Climate experts pulled from Glacier National Park tour with Facebook CEO Mark Zuckerberg Facebook CEO Mark Zuckerberg flew to Glacier National Park last Saturday to tour the melting ice fields that have become the poster child for climate change’s effects on Montana’s northern Rockies. But days before the tech tycoon’s visit, the Trump administration abruptly removed two of the park’s top climate experts from a delegation scheduled to show him around, telling a prominent research ecologist and the widely respected park superintendent that they were no longer going to participate in the tour   Read More ...
Categories: Business |  Science & Nature |  Travel & Recreation | 
Places: Americas |  North America |  United States | 
Major company CEOs made 271 times the typical U.S. worker in 2016
Major company CEOs made 271 times the typical U.S. worker in 2016 CEO pay may not be quite as high as it once was, but the numbers still dwarf the pay earned by the typical worker. Chief executives of America's 350 largest companies made an average of $15.6 million in 2016, or 271 times more than what the typical worker made last year, according to the Economic Policy Institute's annual report on executive compensation released Thursday   Read More ...
Categories: Business | 
Places: North America |  United States | 
Exxon fined $2M for breach when Tillerson was CEO
Exxon fined $2M for breach when Tillerson was CEO Washington — The Treasury Department says it is slapping Exxon Mobil Corp. with a $2 million fine for violating Russia sanctions while Secretary of State Rex Tillerson was the oil company’s CEO. The U.S. says Exxon violated the sanctions in May 2014 when two subsidiaries signed deals with Igor Sechin. Sechin is the chairman of Russian oil giant Rosneft and is on a U   Read More ...
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Places: Americas |  North America |  United States | 
Treasury fines ExxonMobil $2 million for violating Russia sanctions while Secretary of State Tillerson was CEO
Treasury fines ExxonMobil $2 million for violating Russia sanctions while Secretary of State Tillerson was CEO The Treasury Department has fined Exxon Mobil for violating U.S. sanctions against Russian individuals, citing actions the oil major took while Secretary of State Rex Tillerson was still serving as the company's CEO. This story is developing. Please check back for further updates. Click here for the latest on the markets.   Read More ...
Categories: Politics & Government |  Business | 
Places: Americas |  North America |  United States |  Europe |  E. Europe |  Russia | 
How goal-setting helped this felon-turned-CEO maintain his sense of purpose
How goal-setting helped this felon-turned-CEO maintain his sense of purpose When Jay Coughlan was in his 20s, he had one goal in mind: to become a CEO by age 40. At 38, though, tragedy struck. After a hunting trip with his father in 1998, Coughlan and his dad went out for drinks. Their decision to drive home afterward ultimately led to his father's death. In the weeks after, Coughlan laid in the bed of a hospital trauma center only able to focus on one thing: his purpose in life   Read More ...
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Places: Americas |  North America |  United States | 
L3 Technologies CEO to retire, COO to take over
L3 Technologies CEO to retire, COO to take over (Reuters) - Aerospace communication systems provider L3 Technologies Inc () said on Wednesday that Chief Executive Officer (CEO) Michael Strianese would retire and Christopher Kubasik, who is currently the chief operating officer (COO), would succeed him. Strianese's retirement is effective Dec. 31, but he will remain as chairman of the board, the company added. Strianese, who played a key role in the company's formation, has been at the helm since 2006 and has worked for the company 20 years   Read More ...
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Despite warning of additional layoffs, CSX CEO defends restructuring progress
Despite warning of additional layoffs, CSX CEO defends restructuring progress In a conference call on Wednesday, CEO Hunter Harrison said he’s pleased with the improvements so far. “I thought we had a hell of a quarter,” said Harrison, who has previously led turnarounds at three other railroads. The railroad has taken nearly 900 locomotives and 60,000 freight cars out of service and laid off 2,300 people this year. And Harrison said those changes haven’t all paid off yet   Read More ...
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Places: Americas |  North America |  United States | 
Mobile CEO reclaims deal-maker status despite reports Sprint is looking elsewhere
Mobile CEO reclaims deal-maker status despite reports Sprint is looking elsewhere T-Mobile CEO John Legere sought Wednesday to reclaim deal-maker status amid a wave of unconfirmed reports that rival and potential merger partner Sprint has been looking elsewhere. A merger between Sprint and T-Mobile had been the center of speculation about a wave of deal making in the telecommunications industry until recent unconfirmed reports put distance between the companies. Those reports included a claim that Sprint talks with T-Mobile had been put on hold, that Sprint was talking exclusively with cable companies about a possible partnership and that Sprint’s chairman had chatted with Omaha investor Warren Buffett about some sort of arrangement   Read More ...
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Dow Chemical's CEO — a Trump advisor — says the US will 'find a way back' to Paris Agreement
Dow Chemical's CEO — a Trump advisor — says the US will 'find a way back' to Paris Agreement Even though President Donald Trump loudly withdrew the U.S. from the Paris climate agreement, one of his advisors said the break may not be permanent. "I do believe we will find a way back to [the Paris Agreement]," said Andrew Liveris, Dow Chemical CEO & chairman, addressing a small crowd at the New Lab in Brooklyn. Liveris, head of Trump's manufacturing council, spoke Friday at the DS Virgin Innovation Summit in New York, an event to promote sustainable technology   Read More ...
Categories: Politics & Government |  Business | 
Places: Americas |  North America |  United States |  Edgar | 
Akzo Nobel says CEO Ton Buechner has stepped down due to health reasons
Akzo Nobel says CEO Ton Buechner has stepped down due to health reasons Akzo Nobel Chief Executive Ton Buechner has stepped down with immediate effect due to health reasons, the company announced on Wednesday morning. Thierry Vanlancker, previously the head of Specialty Chemicals at Akzo Nobel, will be the new CEO for the Dutch paints company. Buechner joined the company in 2012 and has been responsible for "significantly improving the performance of the company, increasing profitability and cash flow to record levels," Akzo Nobel said in a statement   Read More ...
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Powell named top 25 most influential women by CEO Connection for second year
Powell named top 25 most influential women by CEO Connection for second year Green Mountain Power President and CEO Mary Powell was again named among the top 25 Most Influential Women of the Mid-Market by CEO Connection in 2017. This list recognizes the top 25 women in the US based on their ability to influence change, innovation, and standards for excellence in companies with annual sales between $100 million and $3 billion. GMP hopes trailblazing CEOs like Powell will inspire the next generation of female leaders to break barriers and take chances   Read More ...
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Ex-ethereum CEO says digital coin market is a ‘ticking time bomb’
Ex-ethereum CEO says digital coin market is a ‘ticking time bomb’ The co-founder and former CEO of the organization behind ethereum is worried about the surge of interest in developing new digital currencies, according to a Bloomberg report Tuesday. The key reason is a jump in token sales, or initial coin offerings, that have raised about $600 million in the last month alone, according to a July report from Autonomous NEXT. Enthusiasm for the new cryptocurrencies created for the initial coin offerings has helped push up the value of established ones, like ethereum   Read More ...
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CEO urges companies to wise up to carbon pricing or face a 'Kodak moment'
CEO urges companies to wise up to carbon pricing or face a 'Kodak moment' Carbon pricing – a system whereby companies and governments put a price on their carbon emissions with the broad goal of tackling the effects of climate change – is not dead in the water, according to the CEO of food supplement firm Royal DSM. "More than 5,000 companies in China will fall under the carbon pricing regime by the year end," he said   Read More ...
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CSX railroad delivers 15 percent improvement in 2Q profit
CSX railroad delivers 15 percent improvement in 2Q profit CSX Corp. delivered a 15 percent improvement in second-quarter profit as the railroad continues to restructure under its new CEO. The railroad's results were weighed down by $122 million in restructuring charges related to changes CEO Hunter Harrison has made as he works to streamline operations and impose tighter schedules for trains. Without those charges, the railroad said it would have reported earnings per share of 64 cents   Read More ...
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Paterson’s Eva’s Village names new chief executive officer
Paterson’s Eva’s Village names new chief executive officer The state’s largest anti-poverty organization named a new chief executive officer. Mark Schmit was selected as the chief executive officer of Eva’s Village on Friday. He replaces chief executive Marie Reger. Schmit (pictured) is a business administrator and is owner and partner of several companies, according to the nonprofit. A resident of Wyckoff, Schmit is deferring retirement to head the social service organization that runs 20 programs providing food, shelter, medical care, education, job training, and addiction recovery services to the needy   Read More ...
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Hampton Creek's board has only one person left: the CEO
Hampton Creek's board has only one person left: the CEO An exodus at eggless mayonnaise maker Hampton Creek Inc. has left the company with only one board member: its chief executive. A Bloomberg report said several board members recently gave up their seats after deep discord with Josh Tetrick, CEO of the San Francisco-based vegan food startup. The company, meanwhile, described the changes as a way of maintaining its core mission, and said four of the former board members are taking on advisory roles   Read More ...
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Doug Franklin steps down as CEO of Boston Globe over differences with owner John Henry
Doug Franklin steps down as CEO of Boston Globe over differences with owner John Henry Doug Franklin, the CEO hired to help create a sustainable business model for Boston Globe Media, is stepping down. Franklin is leaving the position over differences with Globe owner John Henry, he said in an email to Globe staff. "We have our differences how to strategically achieve our financial sustainability." His resignation, given Tuesday morning, was effective immediately. He held the position for half a year   Read More ...
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