• AT&T CEO Randall Stephenson announces his retirement

    AT&T CEO Randall Stephenson announces his retirement

    AT&T’s chairman and chief executive Randall Stephenson is stepping down from the helm of the telecom giant, handing the reins to his No. 2 John Stankey. Stephenson — 13-year company veteran who engineered its controversial, $85 billion acquisition of Time Warner that closed in 2018 — announced his retirement at the company’s annual shareholder meeting …
  • SeaWorld CEO throws in towel just five months into job

    SeaWorld CEO throws in towel just five months into job

    SeaWorld Entertainment’s chief executive has resigned only five months into his job, becoming the third leader of the theme park company to depart in just over two years, according to a company filing released Monday. Sergio Rivera cited his disagreement with the board of directors’ involvement in decision-making at the company, according to a filing …
  • FedEx delivers 91 percent cut to CEO’s pay

    FedEx delivers 91 percent cut to CEO’s pay

    FedEx said on Friday it would slash its chief executive’s pay and draw down $1.5 billion from a credit facility as parcel delivery services take a hit from coronavirus-led lockdowns across the globe. The company also plans to tap debt markets to bolster its reserves as the pandemic compounds its own troubles, including integration issues …