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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 …
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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 …
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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 …
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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 …
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The Wing co-founder Audrey Gelman resigned as CEO Thursday amid outrage from employees over how the women-focused co-working space treats people of color. Gelman announced her departure amid a “digital walkout” by Wing staffers, who said her resignation was “not enough” to address the company’s problems. The Wing said Gelman will be replaced by a …
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Sonic Automotive, which operates 95 US car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its sales. Then, it changed its executives’ pay packages — handing them a multimillion-dollar windfall. On April 10, Sonic’s board gave its top executives stock options to replace performance-based share awards, …
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Hertz Global Holdings on Monday appointed Paul Stone as its chief executive officer days after the US car rental company raised going-concern doubts following a bigger quarterly loss. Hertz, backed by billionaire investor Carl Icahn, has suffered a “sudden and dramatic negative impact” on its business due to the coronavirus crisis, which has crushed demand …
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The heir to a frozen health-food empire was ordered quarantined and barred from seeing his three kids after he went out “partying” amid the coronavirus crisis — and openly left a stash of drugs in the Hamptons home where they were staying with a nanny, The Post has learned. Larry Praeger — whose late dad, …
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Simon & Schuster CEO Carolyn Reidy died of a heart attack Tuesday morning. She was 71. Her death was announced by Dennis Eulau, the company’s chief operating officer and chief financial officer. “Carolyn was both an exemplary leader and a supremely talented and visionary publishing executive,” Eulau said in a statement about Reidy, who joined …
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Motorcycle maker Harley-Davidson on Thursday named Jochen Zeitz as chief executive officer. Zeitz has served as acting president and CEO of the company since February 2020. Word of the appointment cheered Wall Street, sending shares up 8.2 percent early afternoon, at $21.17. It was a much-welcomed piece of good news. In April, Harley-Davidson laid off …
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 …
