• Why Ford’s Jim Hackett and other major CEOs are stepping down in 2020

    Why Ford’s Jim Hackett and other major CEOs are stepping down in 2020

    Not even CEOs are safe from the wrath of 2020. From Disney to Ford to Bleacher Report, heads are rolling at the top of America’s most recognizable companies. Whether from resignations, firings or retirements, the blood is flowing as companies from all industries experience a changing of the guard. Here’s who lost their job in …
  • Kodak’s top exec sees $200 million windfall on stock frenzy

    Kodak’s top exec sees $200 million windfall on stock frenzy

    The net worth of Kodak’s top executive has skyrocketed on the company’s transformation from an ailing camera maker to cutting-edge pharmaceutical start-up — thanks in part to some timely share purchases. James Continenza, Kodak’s executive chairman and de facto CEO, was sitting pretty as the company’s largest individual shareholder — with 650,000 shares  — when …
  • Jide Zeitlin, CEO of Coach parent company Tapestry, amid investigation

    Jide Zeitlin, CEO of Coach parent company Tapestry, amid investigation

    Tapestry Chairman and CEO Jide Zeitlin stepped down on Tuesday amid an investigation into his personal behavior, a source familiar with the matter said. The source said Tapestry’s board had hired a law firm to investigate allegations from at least one woman of Zeitlin posing as a photographer under an alias to lure her into …
  • Netflix names Ted Sarandos co-CEO as stock tanks on slowing growth

    Netflix names Ted Sarandos co-CEO as stock tanks on slowing growth

    Netflix said it tapped its longtime content chief Ted Sarandos to run the streaming giant alongside its founder Reed Hastings — just in time to deal with fears that growth will slow. Hastings said the promotion of the 20-year Netflix veteran — known for pushing the company to produce its own shows — won’t affect …
  • Bonnier taps new CEO amid deal to sell US publications

    Bonnier taps new CEO amid deal to sell US publications

    Bonnier, the 216-year-old Swedish publishing giant that owns Field & Stream, Popular Science and Saveur, has changed the CEO of its American operation as it nears a deal to sell off its US-based titles. Eric Zinczenko, a 14-year veteran of Bonnier Corp who has spent the past four years as CEO of the US unit, …
  • Decapitated tech CEO posted video defending his company months before grisly death

    Decapitated tech CEO posted video defending his company months before grisly death

    The tech CEO found decapitated in his New York City apartment issued a passionate defense of his fledgling company just months before his grisly murder. Fahim Saleh posted a YouTube clip in early February vowing to stand by his motorcycle ride-hailing app, Gokada, as it faced a crackdown from officials in its home base of …
  • Wellspring CEO takes leave after explosive rape allegations against his son

    Wellspring CEO takes leave after explosive rape allegations against his son

    A New York buyout baron has taken a leave of absence from his fund after an explosive lawsuit claimed last week that he threatened an ex-employee to keep quiet after she accused his son of raping her. Bill Dawson is taking time off from his $2.2 billion private equity firm Wellspring Capital Management, which will …
  • Neiman CEO Geoffroy van Raemdonck bags big checks after waiving salary

    Neiman CEO Geoffroy van Raemdonck bags big checks after waiving salary

    The boss of Neiman Marcus has been getting paid lavishly to lead the swanky chain out of bankruptcy — and that’s ruffling feathers in the rank-and-file. On March 30, Geoffroy van Raemdonck — a Belgian-born luxury merchant who was named chief executive two years ago — declared he was waiving “100 percent” of his salary …
  • Ex-Wirecard CEO Markus Braun released on $5.6 million bail

    Ex-Wirecard CEO Markus Braun released on $5.6 million bail

    Former Wirecard CEO Markus Braun was released on bail following his arrest in connection with the payments company’s $2.1 billion accounting scandal, reports say. Braun, 50,  posted his bail of 5 million euros ($5.6 million) on Tuesday, a day after he turned himself in to German prosecutors who accused him of falsifying income to make …
  • Ex-Bumble Bee CEO gets 3 years for tuna price-fixing scheme

    Ex-Bumble Bee CEO gets 3 years for tuna price-fixing scheme

    Now he’ll be the one spending time in the can. The former CEO of Bumble Bee Foods on Tuesday was sentenced to more than three years in federal prison for his role in a conspiracy to fix the price of canned tuna. Christopher Lischewski had been convicted of one felony count in the fishy scheme …