Tag Archives: executive

Donald Trump Attacks Courts Immigration Ruling via Twitter


President Trump on continues his Twitter attack on courts over the stay on his executive order temporarily barring travel into the U.S. of people from seven Muslim-majority countries.

In an apparent reference to a U.S. district court’s order blocking the president’s executive action and an appeals court’s upholding that ruling, Trump asserted there is a “court breakdown” that is allowing a surge in people from the seven countries coming into the U.S.
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Exxon sees some disruption from Ebola outbreak: CEO

By Anna Driver HOUSTON (Reuters) – Exxon Mobil Corp has seen some of its oil and gas activities in West Africa disrupted by the Ebola outbreak, including plans to drill offshore Liberia, the company’s chief executive officer said on Thursday. Exxon, the world’s largest publicly traded oil company which has operations in Nigeria and Liberia, is prohibiting some employees from traveling to the countries directly affected by the disease, and is taking precautionary measures related to workers’ families, executive said. …

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Source: Exxon sees some disruption from Ebola outbreak: CEO

Oracle’s Ellison steps aside, co-CEOs Catz and Hurd take over

By Noel Randewich and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) – Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere. Ellison and the two new co-CEOs each stressed that nothing would change under the new management structure, with Ellison staying on as executive chairman and chief technology officer. But Oracle shares fell 2 percent to $40. …

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Source: Oracle’s Ellison steps aside, co-CEOs Catz and Hurd take over

Darden CEO to step down amid investor pressure, stock jumps

Darden Restaurants Inc said on Monday that Clarence Otis would step down as chairman and chief executive officer, buckling under pressure from activist investors Barington Capital Group LP and Starboard Value LP. Shares of Darden, which just closed the sale of its Red Lobster chain and is working to boost business at its flagship Olive Garden restaurants, jumped 5 percent in extended trading. In further concessions, Orlando-based Darden said it would separate the chairman and chief executive roles, and clear the way for some of Starboard’s proposed directors to be elected at its annual meeting. Barington Chairman and CEO James Mitarotonda, who had asked Darden to split the chairman and CEO roles, said the changes were not fast enough and did not go as far as needed, adding he had lost confidence in Otis’s ability to lead.

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Source: Darden CEO to step down amid investor pressure, stock jumps

Exclusive: Goldman moves executive to new role building ETFs

By Lauren Tara LaCapra NEW YORK (Reuters) – Goldman Sachs Group Inc has moved an executive from its trading division to its investment-management division to launch a business that will sponsor exchange-traded funds and sell them to retail clients through third parties, according to a memo and people familiar with the matter. Michael Crinieri, who previously headed Goldman’s global ETF business in equities trading, is now global head of ETF strategy in Goldman Sachs Asset Management’s third-party distribution business, according to the memo, whose contents were confirmed by a spokeswoman. In his new role, Crinieri will work with portfolio managers to develop ETF products and sell them to clients “across the asset class spectrum,” Jim McNamara, head of GSAM’s global third-party distribution business, said in the memo. Goldman’s equities trading business largely provides liquidity for institutional clients who want to buy and sell ETFs sponsored by other companies.

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Source: Exclusive: Goldman moves executive to new role building ETFs

Business executive wins Georgia Republican runoff in U.S. Senate race

By David Beasley ATLANTA (Reuters) – A former Fortune 500 executive who campaigned as a Washington outsider defeated an 11-term congressman on Tuesday in a key Republican runoff election in Georgia, setting the stage for November’s race to fill an open Senate seat. Keeping the seat once held by veteran Democrat Sam Nunn in the Republican column is seen as crucial to the party’s efforts at seizing majority control of the Senate from the Democrats. David Perdue, a former chief executive of Reebok, Dollar General and Pillowtex, led U.S. Representative Jack Kingston by nearly 8,000 votes, with 92 percent of the state’s counties reporting, before Kingston conceded his loss. Perdue will now face Democrat Michelle Nunn, Sam Nunn’s daughter, in the November general election for the seat being vacated by retiring Republican Senator Saxby Chambliss. …read more

Source: Business executive wins Georgia Republican runoff in U.S. Senate race

BlackBerry names ex-Sybase executive as chief operating officer

TORONTO (Reuters) – BlackBerry Limited named Marty Beard as its chief operating officer on Monday, filling a position that had been vacant since November following a management reshuffle. Beard was most recently chief executive officer of LiveOps Inc, a provider of cloud applications for customer service. Prior to that he was an executive of Sybase, an enterprise software maker that was formerly run by current BlackBerry CEO John Chen. BlackBerry said Beard in his new role would be responsible for marketing, application development, quality and customer care, among other things. …

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Source: BlackBerry names ex-Sybase executive as chief operating officer

Tesco chief executive quits amid profit warning

Britain’s biggest retailer Tesco said on Monday that chief executive Philip Clarke will step down later this year from the troubled supermarket giant, which has also issued a profits warning. Clarke, 54, who has been at the helm for three years, will be replaced in October by outsider and Unilever director Dave Lewis, Tesco said in a statement, as the embattled group struggles with what it described as “challenging” trading conditions. “Tesco plc announces that Dave Lewis will join the board of Tesco on 1 October, 2014 as chief executive officer in succession to Philip Clarke,” the company said.

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Source: Tesco chief executive quits amid profit warning

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