ceo

Most recent studies on managerial transitions converge on an alarming finding. With the resurgence of the pandemic and increasing uncertainty, organizations are increasingly adopting stand-still attitudes, favoring familiar faces and strategies, rather than disruptive bets. Whether at the private sector level, where there is a decline in leadership changes, or at the public level, where most leaders should be renewed in their positions and the same coalitions renewed in the upcoming elections. Are we doomed to 'change everything so that nothing changes' in this particular context?

Satellite radio giant SiriusXM named Jennifer Witz to replace its longtime chief executive Jim Meyer, who will retire on Dec. 31. Witz, the company’s president of sales, marketing and operations, will be the first woman to hold the top job. Meyer, who held the role of CEO since 2013, said his decision to retire has …

Rio Tinto said its CEO and two other top executives would step down over the mining giant’s destruction a pair of ancient caves in Australia. Chief executive Jean-Sébastien Jacques will leave by March 31 of next year in response to the May blast at Juukan Gorge, a historic site that humans had occupied for 46,000 …

Citigroup’s longtime chief is stepping down early next year — and his successor is about to make some financial “herstory.” The $2.2 trillion megabank announced Thursday morning that chief executive Michael Corbat will leave his role in February 2021 after eight years. It also announced that the board has picked the bank’s president Jane Fraser …

Former Volkswagen Chief Executive Martin Winterkorn will face charges of conspiracy to commit organized commercial fraud with a high likelihood of conviction, a court probing the carmaker’s diesel emissions scandal said on Wednesday. A court in Braunschweig, Germany, near where Volkswagen is headquartered, expanded the list of charges beyond fraud to include organized commercial fraud, …

McDonald’s is investigating whether ex-CEO Steve Easterbook covered up other employees’ inappropriate behavior in addition to his own alleged trysts with underlings, reports say. The allegation is part of a probe McDonald’s board is conducting with help from outside lawyers while it tries to claw back Easterbrook’s severance after accusing him of secretly sexting with …

America’s leading CEOs got paid 14 percent more on average in 2019 — and their paychecks could grow again this year even amid the coronavirus pandemic, researchers say. The chief executives at the top 350 US companies by sales raked in an average of $21.3 million last year, up from about $18.7 million in 2018, …

McDonald’s former CEO Steve Easterbrook has fired back at the fast-food giant’s allegations that he lied about his habit of sexting with multiple employees, claiming that the company should have known about the issue when it handed him a fat severance package last year. In a complaint filed last week, McDonald’s claimed Easterbrook had sexual …

Apple CEO Tim Cook became a billionaire this month, after nine years at the helm of the world’s most valuable company. The 59-year-old executive’s net worth passed the $1 billion mark thanks to a nearly 5 percent jump in Apple’s stock price last week that put its market value near $2 trillion, according to an …

McDonald’s sued its former CEO Steve Easterbrook on Monday, accusing him of lying about sexual relationships he had with three subordinates before he was fired over a separate romance last year. The fast-food giant discovered “dozens of nude, partially nude, or sexually explicit” photos and videos in Easterbrook’s corporate email account, proving he had the …