CEO

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Kellogg's CEO Hit for 'Marketing Spin on Poverty'
Kellogg's CEO Hit for
'Marketing Spin
on Poverty'
the rundown

Kellogg's CEO Hit for 'Marketing Spin on Poverty'

Touting cereal as an affordable dinner option is not going over well

(Newser) - With shoppers spending the highest portion of their income on food than at any point in the last 30 years, Kellogg has been encouraging families to eat cereal for dinner . But that advice has met with quite the backlash after Kellogg CEO Gary Pilnick doubled down and denied that asking...

Wayfair CEO Tries to Inspire With Message on 'Laziness'

Niraj Shah encourages employees to work longer hours: 'Winning requires hard work'

(Newser) - If you're a Wayfair employee and hoping that 2024 will bring a more relaxed workplace, think again. In a recent email to workers, CEO Niraj Shah delivered what The Street calls a "harsh wake-up call" that involved pushback against slacking. "Working long hours, being responsive, blending work...

Suit: Tech CEO Led Me Into 'Dark Abyss of Sexual Horror'

Christian Lanng, ex-chief of Tradeshift, has denied the rape, torture, harassment allegations

(Newser) - The former executive assistant for a fired tech CEO has now filed a lawsuit against him alleging he made her sign a "slave contract," then harassed, tortured, and sexually assaulted her. Per the Mercury News , the complaint against Christian Lanng, who was fired from business software company Tradeshift...

At OpenAI, a Surprise 'Leadership Transition'
OpenAI Board
Abruptly Ousts
CEO Sam
Altman
THE RUNDOWN

OpenAI Board Abruptly Ousts CEO Sam Altman

Says 'he was not consistently candid in his communications'; co-founder Greg Brockman quits

(Newser) - In news that shook Silicon Valley on Friday, Sam Altman, the CEO of ChatGPT maker OpenAI, was abruptly fired, though no one yet knows quite why. The Verge and the AP report that the company's board of directors made the move, releasing a statement that noted a "leadership...

AMC CEO Sent Woman Photos, She Used Them to Extort Him

NY woman, convicted of cyberstalking, reportedly demanded $300K from Adam Aron

(Newser) - The CEO of AMC Theaters sent sexually explicit images and messages to a woman who later tried to extort hundreds of thousands of dollars from him. Adam Aron fessed up to the mess Thursday on X after Semafor identified him as the CEO involved in the case. "I became...

26-Year-Old Tech CEO Found Dead in Baltimore

Pava LaPere's death has been ruled a homicide

(Newser) - A tech CEO who grabbed a spot on the 2023 Forbes 30 Under 30 List in the Social Impact category was found dead Monday, and the Baltimore Sun reports Pava LaPere's death was on Tuesday ruled a homicide by the state medical examiner's office. Police says the 26-year-old...

One of America's Best-Paid CEOs Abruptly Steps Down

'WSJ' reports that Kiwi Camara left CS Disco after alleged groping incident

(Newser) - In July, Kiwi Camara made it onto a list of America's 10 highest-paid CEOs , with a 2022 compensation package higher than that of Apple's Tim Cook. But he abruptly resigned this month, giving up stock options that were worth around $110 million at one point. CS Disco, which...

Tycoon Says 270K Aussies Need to Lose Their Jobs

Multimillionaire Tim Gurner courts controversy in saying workers need to be shown their place

(Newser) - One of Australia's richest men has apologized after calling for 270,000 job losses to show workers their place. Gurner Group founder and CEO Tim Gurner, a multimillionaire real-estate tycoon, was speaking at the Australian Financial Review's property summit on Tuesday when he said workers have become "...

CNN Boss Chris Licht Apologizes to Staff
His Job
Security Shaky,
CNN's Boss
Apologizes
the rundown

His Job Security Shaky, CNN's Boss Apologizes

Network CEO's job appears to be in jeopardy after scathing profile in 'Atlantic'

(Newser) - CNN chief Chris Licht had such a bad weekend that some thought he might tender his resignation when addressing the staff Monday morning. Instead, the 51-year-old offered an apology and vowed to earn back the trust of people he let down, reports CNBC . The controversy stems from an in-depth profile...

CEO Accuses Workers of 'Quiet Quitting,' Taking Care of Kids

Clearlink's James Clarke made some eyebrow-raising comments on remote work at town hall

(Newser) - The CEO of a digital marketing and tech firm is taking a fair amount of flak after remarks that targeted remote workers and working moms. James Clarke, head of Utah-based Clearlink, spoke during a companywide town hall last week to discuss a recent return-to-work order now that the pandemic has...

'Pity City' CEO Sorry Her Comments 'Seemed Insensitive'

The MillerKnoll leader made her controversial statements during a March town hall

(Newser) - The MillerKnoll CEO who instructed employees who were worried about whether they'd be getting a bonus to "leave pity city" has apologized to her staff. MLive reports Andi Owen, who's been at the helm of the company since 2018, sent an email that read, in part: "...

Starbucks' New CEO Is a Certified Barista

Laxman Narasimhan officially took the reins of the coffee giant on Monday

(Newser) - Starbucks officially has a new CEO. The Seattle coffee giant said Monday that Laxman Narasimhan has assumed the role of CEO and joined the company's board of directors. Narasimhan succeeds longtime Starbucks leader Howard Schultz, who came out of retirement last spring to serve as interim CEO while the...

Missing Chinese CEO Is 'Cooperating' in Gov't Investigation

His company, China Renaissance, now says founder Bao Fan is cooperating with government

(Newser) - Bao Fan, the billionaire Chinese investment banking CEO who has disappeared, is "cooperating in" a government investigation, according to China Renaissance Holdings, the company he founded and runs—and which reported him missing weeks ago. The company's board has since "become aware that Mr. Bao is currently...

CEO Sorry for 'All Time Classic Bad' Layoff Memo

Quoting MLK was 'inappropriate,' admits PagerDuty CEO Jennifer Tejada

(Newser) - PagerDuty CEO Jennifer Tejada announced she was laying off 7% of the company's workforce seven paragraphs into a 1,700-word email to employees that referred to the firings as "refinements," included news of executive promotions, and concluded with a quote from Martin Luther King Jr. "I...

Netflix Announces Surprise Leadership Shake-Up

Co-founder Reed Hastings steps down as co-CEO, will stay on as executive chairman

(Newser) - Netflix has a new co-CEO. Greg Peters, who has been serving as the streaming service's chief operating officer, will now take the helm alongside Ted Sarandos, replacing co-founder Reed Hastings, reports the Verge . Hastings will stick around as the company's executive chairman, "a role that founders often...

Ousted Disney CEO's Exit Pay Revealed in Filing

Bob Chapek's package is worth about $20M

(Newser) - Bob Chapek may be out at Disney, but he's definitely not down and out. A Tuesday regulatory filing shows he's slated to walk with a severance package worth about $20 million. Insider gives the breakdown: It's $6.5 million in base salary tied to the scheduled end...

Ex-McDonald's CEO Hit With Another Big Fine

SEC finds Steve Easterbrook misled investors over his 2019 firing

(Newser) - Steve Easterbrook is continuing to pay for his relationships with underlings while serving as CEO of McDonald's. Already forced to return a $105 million severance package so as to settle a lawsuit from his former employer, he's now been fined $400,000 by the Securities and Exchange Commission...

AMC Chief Out After 3 Months, Will Get $10M Severance
AMC Networks Is Having
a Rough Day

AMC Networks Is Having a Rough Day

CEO Christina Spade leaves after 3 months as network announces layoffs

(Newser) - A surprise in the world of cable TV on Tuesday: AMC Networks CEO Christina Spade stepped down after less than three months on the job, reports CNBC . Neither Spade nor the network gave a specific reason, but the company announced large-scale layoffs soon after the announcement was made, per the...

Musk: 'I Frankly Don't Want to Be the CEO of Any Company'

The CEO/CEO/CEO testified in a Tesla shareholder trial in Delaware

(Newser) - Elon Musk is a CEO in triplicate: It's the title he has at Tesla, SpaceX, and now Twitter. But as he tells it, he'd prefer the count to be zero. Musk said as much from the witness stand Wednesday while in a Delaware court where he was battling...

CEO's Advice to Young Workers: Years of 18-Hour Workdays

Suggestion by Bombay Shaving Co. chief Shantanu Deshpande isn't going over well

(Newser) - On the heels of stories about "quiet quitting" —a workplace trend in which employees are doing the bare minimum to keep their jobs—comes hand-wringing over one man's very opposite work mindset. It's that of the CEO of India's Bombay Shaving Company, who took to...

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