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Chief Executive Officers

Ford CEO: Income from connected cars to boost earnings

detroitnews.com

Ford CEO: Income from connected cars to boost earnings

- Buy Photo. Ford Motor Co.’s new President and CEO Jim Hackett expects Ford’s ventures into self-driving cars and the massive amounts of data they generate will become profitable enough to help carry the automaker through the highs and lows of automotive sales cycles. And, he said, they will boost earnings and value for the automaker. “The price-earnings (ratio) of our industry is really not deserved at all,” Hackett said in an interview with Paul W

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Places: Americas |  North America |  United States | 

Here's why Ford is panicking in self-driving cars: Alphabet is years ahead of everybody

cnbc.com

Here's why Ford is panicking in self-driving cars: Alphabet is years ahead of everybody

- The recent CEO shuffle at Ford suggests it's getting serious about self-driving cars: On Monday, it promoted its head of "Smart Mobility," Jim Hackett, to the CEO role. But statistics show that Ford -- and every other car maker -- is way behind Waymo, the self-driving car unit of Google parent Alphabet, when it comes to testing autonomous cars on real roads

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States | 

AP Exclusive: CEOs got biggest raise since 2013

wbrc.com

AP Exclusive: CEOs got biggest raise since 2013

- By STAN CHOE AP Business Writer NEW YORK (AP) - 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 | 

AP Exclusive: CEOs got biggest raise since 2013 - | WBTV Charlotte

wbtv.com

AP Exclusive: CEOs got biggest raise since 2013 - | WBTV Charlotte

- By STAN CHOE AP Business Writer NEW YORK (AP) - 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 |  South |  Atlantic |  North Carolina |  Charlotte | 

Ford taps former office furniture executive to be new CEO

concordmonitor.com

Ford taps former office furniture executive to be new CEO

- By DEE-ANN DURBIN and TOM KRISHER Associated Press Ford taps former office furniture executive to be new CEO. The job of Ford’s new CEO won’t be easy: He will have to shore up the 114-year-old company’s traditional auto business, but also invest in self-driving cars and other projects that could one day make that business obsolete. Ford thinks Jim Hackett is up to the task

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States |  Northeast |  New England |  New Hampshire | 

Why Bill Ford handed Jim Hackett a mandate to transform Ford

freep.com

Why Bill Ford handed Jim Hackett a mandate to transform Ford

- Ford is replacing CEO Mark Fields with Jim Hackett as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services. (May 22) Buy Photo. Ford Executive Chairman Bill Ford has once again made a bold decision to shake up the company’s leadership by hiring a new CEO from outside the auto industry

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States | 

Ford ousts Fields as CEO and installs Hackett

sfgate.com

Ford ousts Fields as CEO and installs Hackett

- DEARBORN, Mich. — In a shake-up reflecting the pressures on the U.S. auto industry, Ford Motor Co. replaced CEO Mark Fields on Monday and vowed to catch up in the race to build self-driving cars and define a new era in personal mobility. The company said Jim Hackett, who had overseen the Ford subsidiary that works on autonomous vehicles, will take over immediately for Fields

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Wayne |  Dearborn | 

Jim Hackett, head of Ford's autonomous vehicle unit, replaces Mark Fields as CEO

techspot.com

Jim Hackett, head of Ford's autonomous vehicle unit, replaces Mark Fields as CEO

- Ford Motor Company on Monday announced that Jim Hackett, who has served as chairman of Ford Smart Mobility LLC since its inception in March 2016, will take over as president and chief executive officer effective immediately. Hackett, 62, is replacing Mark Fields, a 28-year Ford veteran that took office as CEO in mid-2014. Although Ford notes in a press release that Fields elected to retire, The New York Times suggests that he was likely forced out as a result of a three-year term in which the company’s share value dropped around 40 percent

Categories: Business |  Technology |  Motoring | 
Places: Americas |  North America |  United States |  Northeast |  Atlantic |  New York | 

The Latest: Mark Zuckerberg visits Rhode Island school

richmond.com

The Latest: Mark Zuckerberg visits Rhode Island school

- PROVIDENCE, R.I. (AP) — The Latest on Facebook CEO Mark Zuckerberg's visit to New England (all times local): Facebook CEO Mark Zuckerberg has visited a Rhode Island public school and met with the governor to talk about education initiatives. WPRI-TV reports (http://bit.ly/2qaCoKU) that Zuckerberg visited Del Sesto Middle School in Providence on Monday. The school posted pictures on Facebook showing him and his wife, Priscilla Chan, touring classrooms

Categories: Business | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Rhode Island |  Providence | 

Jim Hackett Named Ford CEO, Mark Fields To Retire

carscoops.com

Jim Hackett Named Ford CEO, Mark Fields To Retire

- Ford has confirmed Jim Hackett will become the company's new President and CEO. Hackett isn't actually a household name but Ford says he has a "long track record of innovation and business success" as CEO of Steelcase, Interim Athletic Director at the University of Michigan, and executive chairman of Ford Smart Mobility LLC. Hackett will report to Ford Executive Chairman Bill Ford and the two will work together to focus on three main areas including modernizing business and transforming the company to meet future challenges

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 

Jim Hackett named Ford President and CEO

detroitnews.com

Jim Hackett named Ford President and CEO

- Newly appointed Ford President and CEO Jim Hackett, replacing Mark Fields, with Ford Executive Chairman Bill Ford Jr. during a press conference at Ford World Headquarters in Dearborn, Michigan on May 22, 2017.

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan | 

Ford replaces CEO Fields as challenges mount

yahoo.com

Ford replaces CEO Fields as challenges mount

- By David Shepardson and Laurence Frost. WASHINGTON/PARIS (Reuters) - Ford Motor Co is replacing Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, the U.S. automaker said on Monday, responding to investors' growing unease over its stock price and prospects. The abrupt departure of Fields, 56, who spent less than three years in the job, is among a series of management changes at Ford

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States | 

Ford replaces CEO Fields as challenges mount

reuters.com

Ford replaces CEO Fields as challenges mount

- WASHINGTON/PARIS Ford Motor Co (F.N) is replacing Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, the U.S. automaker said on Monday, responding to investors' growing unease over its stock price and prospects. The abrupt departure of Fields, 56, who spent less than three years in the job, is among a series of management changes at Ford

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States | 

Ford replaces CEO Mark Fields in push to transform business

abc3340.com

Ford replaces CEO Mark Fields in push to transform business

- DETROIT (AP) — Ford is replacing CEO Mark Fields as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services. The 114-year-old automaker said Fields is retiring at age 56 after 28 years at the company. Fields will be replaced by Jim Hackett, who joined Ford's board in 2013

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama | 

New Ford CEO Hackett has record as innovator

detroitnews.com

New Ford CEO Hackett has record as innovator

- Buy Photo. Ford Motor Co.’s newest CEO, Jim Hackett, may be better known for his efforts transforming the world’s largest office furniture manufacturer and his hiring of popular University of Michigan head football coach Jim Harbaugh than he is in the auto industry. That’s about to change. Hackett, 62, takes over leadership of the No. 2 U.S. automaker as it works to emerge from being just a carmaker to being an auto and mobility services company

Categories: Business |  Motoring | 
Places: Americas |  North America |  United States | 

Ford stock slightly higher on reports of new CEO

detroitnews.com

Ford stock slightly higher on reports of new CEO

- Ford Motor Co. shareholders are reacting positively to news Monday that company CEO Mark Fields has been ousted and Jim Hackett, chairman of the company’s Ford Smart Mobility subsidiary, will take over. Shares in Ford were up more than 3 percent in pre-market trading before 8 a.m., but had fallen to being up about 2.2 percent at 8:20 a.m. Ford’s stock closed Friday at $10

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Places: Americas |  North America |  United States | 

Latest Stories

BRIEF-Blumetric announces CEO succession plan
May 23 Blumetric Environmental Inc. * Blumetric announces CEO succession plan. * Initiated a search to identify a candidate to succeed Roger Woeller as chief executive officer of Blumetric. * Executive search firm, Boyden, has been retained to assist in CEO search. Source text for Eikon: Further company coverage: CHICAGO, May 23 Democratic lawmakers in the Illinois Senate on Tuesday voted in favor of a budget and tax package that includes hikes to income and sales taxes in a go-it-alone effort to break the state's long-running budget impasse eight days before the end of the legislative session   Read More ...
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Ford CEO: Income from connected cars to boost earnings
Ford CEO: Income from connected cars to boost earnings Buy Photo. Ford Motor Co.’s new President and CEO Jim Hackett expects Ford’s ventures into self-driving cars and the massive amounts of data they generate will become profitable enough to help carry the automaker through the highs and lows of automotive sales cycles. And, he said, they will boost earnings and value for the automaker. “The price-earnings (ratio) of our industry is really not deserved at all,” Hackett said in an interview with Paul W   Read More ...
Categories: Business |  Motoring | 
Places: Americas |  North America |  United States | 
Here's why Ford is panicking in self-driving cars: Alphabet is years ahead of everybody
Here's why Ford is panicking in self-driving cars: Alphabet is years ahead of everybody The recent CEO shuffle at Ford suggests it's getting serious about self-driving cars: On Monday, it promoted its head of "Smart Mobility," Jim Hackett, to the CEO role. But statistics show that Ford -- and every other car maker -- is way behind Waymo, the self-driving car unit of Google parent Alphabet, when it comes to testing autonomous cars on real roads   Read More ...
Categories: Business |  Motoring | 
Places: Americas |  North America |  United States | 
Ford's new CEO promises a fit _ but fun _ company
Ford's new CEO promises a fit _ but fun _ company Ford's new CEO, Jim Hackett, revealed a little about his plans — and a lot about himself — when he talked to media after his appointment. Here are four of the comments the former head of Steelcase Inc. made at Ford's Dearborn headquarters Monday and the deeper meaning behind them. ——— What he said: "Any time this Rubik's cube is being turned around, we have just as much advantage in that future as anyone else   Read More ...
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Only on AP: CEO pay climbed faster last year, up 8.5 percent - | WBTV Charlotte
Only on AP: CEO pay climbed faster last year, up 8.5 percent - | WBTV Charlotte By STAN CHOE AP Business Writer NEW YORK (AP) - 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   Read More ...
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Places: Americas |  North America |  United States |  South |  Atlantic |  North Carolina |  Charlotte | 
In 2016, CEO’s got biggest raise since 2013
In 2016, CEO’s got biggest raise since 2013 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   Read More ...
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Places: Americas |  North America |  United States | 
CEOs of Target, ADM offer differing views on U.S. border tax at hearing
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Investors skeptical Ford CEO change will revive stock price
NEW YORK: Ford Motor Co's unexpected decision to replace its chief executive officer on Monday may not be the catalyst that revives its slumping share prices. Shares of the second-largest U.S. automaker rose 2.1 percent Monday, a relatively muted reaction given the 0.5 percent gain in the broad Standard & Poor's 500 index . Over the last 12 months, shares of Ford are down nearly 16 percent due to concerns of declining automobile sales and the threat of autonomous vehicles to shrink future demand   Read More ...
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Investors skeptical Ford CEO change will revive stock price
Investors skeptical Ford CEO change will revive stock price By David Randall. NEW YORK - Ford's unexpected decision to replace its chief executive officer on Monday may not be the catalyst that revives its slumping share prices. Shares of the second-largest US automaker rose 2.1 percent Monday, a relatively muted reaction given the 0.5 percent gain in the broad Standard & Poor's 500 index. Over the past 12 months, shares of Ford are down nearly 16 percent due to concerns of declining automobile sales and the threat of autonomous vehicles to shrink future demand   Read More ...
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Places: Americas |  North America |  United States | 
AP Exclusive: CEOs got biggest raise since 2013
AP Exclusive: CEOs got biggest raise since 2013 By STAN CHOE AP Business Writer NEW YORK (AP) - 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   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
AP Exclusive: CEOs got biggest raise since 2013 - | WBTV Charlotte
AP Exclusive: CEOs got biggest raise since 2013 - | WBTV Charlotte By STAN CHOE AP Business Writer NEW YORK (AP) - 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   Read More ...
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Places: Americas |  North America |  United States |  South |  Atlantic |  North Carolina |  Charlotte | 
The biggest CEO pay raises and pay cuts of 2016
The biggest CEO pay raises and pay cuts of 2016 Here are the three CEOs who got the biggest pay raises last year, and the deepest pay cuts, as calculated by The Associated Press and Equilar, an executive data firm. ___ Top raises: ___ Broadcom Corp. $24.7 million, up 513 percent. ___ Charter Communications Inc. $98 million, up 499 percent. ___ Activision Blizzard Inc. $33.1 million, up 358 percent. ___ Deepest cuts: ___ 1   Read More ...
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Places: Americas |  North America |  United States | 
CEOs of Target, ADM to square off on US border tax at hearing
WASHINGTON: The chief executive officers of two major American companies: retailer Target Corp and agribusiness Archer Daniels Midland Co: will offer countering views in a hearing before U.S. lawmakers on Tuesday on a proposed border adjustment tax. Target CEO Brian Cornell has been one of the most vocal opponents of the Republican-backed border adjustment tax and will testify alongside Juan Luciana, president and CEO of ADM, which joined a coalition supporting the tax   Read More ...
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Places: United States |  Singapore | 
CEOs of Target, ADM to square off on U.S. border tax at hearing
The chief executive officers of two major American companies - retailer Target Corp and agribusiness Archer Daniels Midland Co - will offer countering views in a hearing before U.S. lawmakers on Tuesday on a proposed border adjustment tax. Target CEO Brian Cornell has been one of the most vocal opponents of the Republican-backed border adjustment tax and will testify alongside Juan Luciana, president and CEO of ADM, which joined a coalition supporting the tax   Read More ...
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Places: United States |  India | 
The biggest CEO pay raises and pay cuts of 2016
The biggest CEO pay raises and pay cuts of 2016   Read More ...
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Places: Americas |  North America |  United States | 
Only on AP: CEOs got biggest raise since 2013
The typical CEO at the biggest U.S. companies made $11.5 million last year, according to a study by executive data firm Equilar for The Associated Press.   Read More ...
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Places: Americas |  North America |  United States | 
CEOs of Target, ADM to square off on U.S. border tax at hearing
CEOs of Target, ADM to square off on U.S. border tax at hearing WASHINGTON The chief executive officers of two major American companies - retailer Target Corp (TGT.N) and agribusiness Archer Daniels Midland Co (ADM.N) - will offer countering views in a hearing before U.S. lawmakers on Tuesday on a proposed border adjustment tax. Target CEO Brian Cornell has been one of the most vocal opponents of the Republican-backed border adjustment tax and will testify alongside Juan Luciana, president and CEO of ADM, which joined a coalition supporting the tax   Read More ...
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CEOs of Target, ADM to square off on U.S. border tax at hearing
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Ford taps former office furniture executive to be new CEO
Ford taps former office furniture executive to be new CEO By DEE-ANN DURBIN and TOM KRISHER Associated Press Ford taps former office furniture executive to be new CEO. The job of Ford’s new CEO won’t be easy: He will have to shore up the 114-year-old company’s traditional auto business, but also invest in self-driving cars and other projects that could one day make that business obsolete. Ford thinks Jim Hackett is up to the task   Read More ...
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Places: Americas |  North America |  United States |  Northeast |  New England |  New Hampshire | 
Ford replaces its CEO
Ford replaces its CEO DETROIT — Ford confirmed on Monday that, in a wide-ranging reshuffling of the company's top management, Jim Hackett will become the automaker's new CEO. The move brings the three-year tenure of Mark Fields as chief executive to an abrupt end. In comments Monday, Ford Executive Chairman Bill Ford praised the tenure and achievements of Fields but then pivoted and said the automaker needs to make decisions faster, break down its hierarchical structures and communicate its strategy more clearly to the public   Read More ...
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Places: Americas |  North America |  United States |  Northeast |  New England |  New Hampshire | 
Ford replaces its CEO
Ford replaces its CEO DETROIT — Ford confirmed on Monday that, in a wide-ranging reshuffling of the company's top management, Jim Hackett will become the automaker's new CEO. The move brings the three-year tenure of Mark Fields as chief executive to an abrupt end. In comments Monday, Ford Executive Chairman Bill Ford praised the tenure and achievements of Fields but then pivoted and said the automaker needs to make decisions faster, break down its hierarchical structures and communicate its strategy more clearly to the public   Read More ...
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Places: Americas |  North America |  United States |  Northeast |  New England |  New Hampshire | 
Why Bill Ford handed Jim Hackett a mandate to transform Ford
Why Bill Ford handed Jim Hackett a mandate to transform Ford Ford is replacing CEO Mark Fields with Jim Hackett as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services. (May 22) Buy Photo. Ford Executive Chairman Bill Ford has once again made a bold decision to shake up the company’s leadership by hiring a new CEO from outside the auto industry   Read More ...
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Places: Americas |  North America |  United States | 
Investors skeptical Ford CEO change will revive stock price
NEW YORK May 22 Ford Motor Co's unexpected decision to replace its chief executive officer on Monday may not be the catalyst that revives its slumping share prices. Shares of the second-largest U.S. automaker rose 2.1 percent Monday, a relatively muted reaction given the 0.5 percent gain in the broad Standard & Poor's 500 index. Over the last 12 months, shares of Ford are down nearly 16 percent due to concerns of declining automobile sales and the threat of autonomous vehicles to shrink future demand   Read More ...
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Places: Americas |  North America |  United States | 
Ford ousts Fields as CEO and installs Hackett
Ford ousts Fields as CEO and installs Hackett DEARBORN, Mich. — In a shake-up reflecting the pressures on the U.S. auto industry, Ford Motor Co. replaced CEO Mark Fields on Monday and vowed to catch up in the race to build self-driving cars and define a new era in personal mobility. The company said Jim Hackett, who had overseen the Ford subsidiary that works on autonomous vehicles, will take over immediately for Fields   Read More ...
Categories: Business |  Motoring | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  Wayne |  Dearborn | 
Investors skeptical Ford CEO change will revive stock price
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New Ford CEO promises to be a 'cultural change agent,' Bill Ford says
New Ford CEO promises to be a 'cultural change agent,' Bill Ford says Ford Executive Chairman Bill Ford said the company's newly appointed CEO, Jim Hackett, will be a "cultural change agent." "[Hackett] will continue to transform the culture of Ford," Executive Chairman Bill Ford said Monday during a news conference, following the announcement that Hackett will replace Mark Fields in an effort to "strengthen" the automobile company. Together, Ford and Hackett aspire to make the company one that embodies a "culture of caring about each other, about ideas flowing freely   Read More ...
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America’s immigration policies are hurting start-ups, Stripe CEO Patrick Collison says
America’s immigration policies are hurting start-ups, Stripe CEO Patrick Collison says How America welcomes — or doesn't — outsiders who want to work for American companies is "an even bigger deal than we think," Stripe CEO Patrick Collison says. Speaking on a recent episode of "Recode Decode," hosted by Kara Swisher, he declaimed against the "needless barriers in the way" of the U.S. remaining a destination for immigrants. Collison and his brother/co-founder John were born in Ireland, but founded Stripe, an online payments platform now valued at more than $9 billion, while they were students at MIT and Harvard, respectively   Read More ...
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Elon Musk is the unusual CEO who says his stock is overvalued
Elon Musk is the unusual CEO who says his stock is overvalued After a story published late last week about Tesla in the Guardian, investors might zero in on one comment in particular that CEO Elon Musk made: He said the company's "market cap is higher than we have any right to deserve" and that building an auto-maker from scratch is "the worst way to earn money, honestly." (A company spokesman declined to comment further   Read More ...
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Jim Hackett, head of Ford's autonomous vehicle unit, replaces Mark Fields as CEO
Jim Hackett, head of Ford's autonomous vehicle unit, replaces Mark Fields as CEO Ford Motor Company on Monday announced that Jim Hackett, who has served as chairman of Ford Smart Mobility LLC since its inception in March 2016, will take over as president and chief executive officer effective immediately. Hackett, 62, is replacing Mark Fields, a 28-year Ford veteran that took office as CEO in mid-2014. Although Ford notes in a press release that Fields elected to retire, The New York Times suggests that he was likely forced out as a result of a three-year term in which the company’s share value dropped around 40 percent   Read More ...
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The Latest: Mark Zuckerberg visits Rhode Island school
The Latest: Mark Zuckerberg visits Rhode Island school PROVIDENCE, R.I. (AP) — The Latest on Facebook CEO Mark Zuckerberg's visit to New England (all times local): Facebook CEO Mark Zuckerberg has visited a Rhode Island public school and met with the governor to talk about education initiatives. WPRI-TV reports (http://bit.ly/2qaCoKU) that Zuckerberg visited Del Sesto Middle School in Providence on Monday. The school posted pictures on Facebook showing him and his wife, Priscilla Chan, touring classrooms   Read More ...
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Places: Americas |  North America |  United States |  Northeast |  New England |  Rhode Island |  Providence | 
The Latest: Mark Zuckerberg visits Rhode Island school
PROVIDENCE, R.I. (AP) - The Latest on Facebook CEO Mark Zuckerberg's visit to New England (all times local): Facebook CEO Mark Zuckerberg has visited a Rhode Island public school and met with the governor to talk about education initiatives. WPRI-TV reports (http://bit.ly/2qaCoKU) that Zuckerberg visited Del Sesto Middle School in Providence on Monday. The school posted pictures on Facebook showing him and his wife, Priscilla Chan, touring classrooms   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Rhode Island |  Providence | 
Key events under former Ford CEO Mark Fields
Ford Motor Co. announced Monday that President and CEO Mark Fields was retiring from the company and will be replaced by Ford board member Jim Hackett. Here are some major events that occurred during Fields' tenure. July 1, 2014: Ford President and CEO Alan Mulally retires. Mark Fields, who has been Ford's chief operating officer since 2012, becomes president and CEO   Read More ...
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From Newport, Facebook CEO Zuckerberg writes, I'm not running for public office
From Newport, Facebook CEO Zuckerberg writes, I'm not running for public office NEWPORT, R.I. (AP) — Facebook CEO Mark Zuckerberg says his quest this year to visit every state he hadn't before is about building relationships, not politics. The 33-year-old billionaire wrote in a Facebook post that some users have asked if the trip means he's running for public office. Zuckerberg says he's not running for anything. Instead, he says the visits around the country are in order "to get a broader perspective   Read More ...
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Places: Americas |  North America |  United States |  Northeast |  New England |  Rhode Island | 
Target CEO Brian Cornell to testify against import tax
Target CEO Brian Cornell to testify against import tax WASHINGTON — Target CEO Brian Cornell will testify Tuesday to the House Ways and Means Committee in an attempt to fight off a new tax that would significantly increase the costs of imports for the Minneapolis-based retailer. Cornell has met with 30 lawmakers since December, when Republican leaders in the House floated the idea for the border adjustment tax as a way of encouraging American businesses to bring foreign jobs home and create new ones in the United States   Read More ...
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A history of the men who have led Ford Motor Co.
A history of the men who have led Ford Motor Co. Ford named Jim Hackett its 10th CEO Monday. The 114-year-old company did not have an official CEO role until it went public in the 1950s. So Henry and Edsel Ford served as presidents of the company but never CEO. A look at the men who preceded Hackett as top executives of Ford Motor Co. Henry Ford, 1906-1918, 1943-1945. Industrialist Henry Ford founded the Ford Motor company in 1903   Read More ...
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BRIEF-CBS says new agreement with CEO Leslie Moonves extends his employment through June 2021
* CBS Corporation announces new agreement with chairman, president and chief executive officer Leslie Moonves that extends his employment through June 2021. * Moonves' salary remains at its current level. * Agreement provides for Moonves to become co's senior advisor for additional 5 yrs, to include option to establish production co under CBS' auspices Source text for Eikon: Further company coverage: * LendingClub Corp files to say it may, from time to time, offer and sell member payment dependent notes issued by the co - SEC filing Source text: (http://bit   Read More ...
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Jim Hackett Named Ford CEO, Mark Fields To Retire
Jim Hackett Named Ford CEO, Mark Fields To Retire Ford has confirmed Jim Hackett will become the company's new President and CEO. Hackett isn't actually a household name but Ford says he has a "long track record of innovation and business success" as CEO of Steelcase, Interim Athletic Director at the University of Michigan, and executive chairman of Ford Smart Mobility LLC. Hackett will report to Ford Executive Chairman Bill Ford and the two will work together to focus on three main areas including modernizing business and transforming the company to meet future challenges   Read More ...
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Fields’ run as Ford CEO ends amid need to 're-energize'
Fields’ run as Ford CEO ends amid need to 're-energize' Buy Photo. Mark Fields’ tenure as Ford Motor Co.’s president and CEO ends just short of three years - a period marked by a failure to turn the company’s solid SUV and truck sales, along with investments in mobility, into growth. A member of Ford’s stable since 1989, Fields, 56, had been a rising star before getting the top spot in July 2014   Read More ...
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Jim Hackett named Ford President and CEO
Jim Hackett named Ford President and CEO Newly appointed Ford President and CEO Jim Hackett, replacing Mark Fields, with Ford Executive Chairman Bill Ford Jr. during a press conference at Ford World Headquarters in Dearborn, Michigan on May 22, 2017.   Read More ...
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Arconic will let activist investor help select new CEO
Arconic says activist investor Elliott Management will be allowed to nominate members to the precision metal parts maker's board and have a say in naming the next CEO. Elliott owns more than 13 percent in Arconic Inc. and has pushed for management changes, complaining of underperformance at the New York-based maker of aluminum parts for the aviation and automotive industries. Elliott founder Paul Singer and Arconic's former CEO Klaus Kleinfeld clashed last month after Kleinfeld sent Singer a letter containing veiled threats   Read More ...
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