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Tag: Management Moves

Etsy’s stock is having its best day in seven months after Elliott takes ‘sizable’ stake

Etsy’s stock is having its best day in seven months after Elliott takes ‘sizable’ stake

February 1, 2024February 1, 2024 · Breaking News

Investors bought up shares of Etsy Inc. on Thursday after the online crafts marketplace added to its board of directors a partner of hedge fund Elliott Investment Management…

Read more Etsy’s stock is having its best day in seven months after Elliott takes ‘sizable’ stake
Even Cloudflare's CEO says that viral firing video is 'painful' — here's what went wrong

Even Cloudflare's CEO says that viral firing video is 'painful' — here's what went wrong

January 12, 2024January 13, 2024 · Breaking News

A tech employee’s recording of the meeting firing her from a sales role at Cloudflare NET, -1.79% has spurred criticism of the company — and a broader conversation…

Read more Even Cloudflare's CEO says that viral firing video is 'painful' — here's what went wrong
Why Sam Altman is a no-brainer for Time’s ‘Person of the Year’

Why Sam Altman is a no-brainer for Time’s ‘Person of the Year’

December 4, 2023December 4, 2023 · Breaking News

Nothing has changed our lives more this year than the advances made in artificial intelligence — and they have the potential to alter our lives in even more dramatic…

Read more Why Sam Altman is a no-brainer for Time’s ‘Person of the Year’
Sam Altman to return as OpenAI CEO, alongside new board that includes Larry Summers

Sam Altman to return as OpenAI CEO, alongside new board that includes Larry Summers

November 21, 2023November 22, 2023 · Breaking News

OpenAI has reached an “agreement in principle” for Sam Altman to return to his post as chief executive officer alongside a new board, just days after his ousting,…

Read more Sam Altman to return as OpenAI CEO, alongside new board that includes Larry Summers
Sam Altman to Join Microsoft Following OpenAI Ouster

Sam Altman to Join Microsoft Following OpenAI Ouster

November 20, 2023November 20, 2023 · Business

Updated Nov. 20, 2023 6:34 am ET SAN FRANCISCO—Microsoft said it is hiring Sam Altman to helm a new advanced artificial-intelligence research team, after his bid to return…

Read more Sam Altman to Join Microsoft Following OpenAI Ouster
Cruise co-founder and CEO Kyle Vogt resigns from robotaxi company

Cruise co-founder and CEO Kyle Vogt resigns from robotaxi company

November 19, 2023November 19, 2023 · Breaking News

Kyle Vogt resigned as chief executive of autonomous-vehicle company Cruise late Sunday, following the recent suspension of Cruise’s operations on public roads. “Today I resigned from my position…

Read more Cruise co-founder and CEO Kyle Vogt resigns from robotaxi company
Sam Altman Is Fired as OpenAI CEO

Sam Altman Is Fired as OpenAI CEO

November 17, 2023November 17, 2023 · Business

OpenAI announced Friday afternoon that CEO Sam Altman has departed External link the company, saying the executive “was not consistently candid in his communications with the board, hindering…

Read more Sam Altman Is Fired as OpenAI CEO
OpenAI CEO Sam Altman steps down as board loses confidence in his leadership

OpenAI CEO Sam Altman steps down as board loses confidence in his leadership

November 17, 2023November 18, 2023 · Breaking News

OpenAI said Friday that Sam Altman is no longer its chief executive, with the ChatGPT parent adding that said Altman had not been “consistently candid in his communications…

Read more OpenAI CEO Sam Altman steps down as board loses confidence in his leadership
Groupon’s stock craters after earnings as CEO says business ‘continues to be challenged’

Groupon’s stock craters after earnings as CEO says business ‘continues to be challenged’

November 9, 2023November 9, 2023 · Breaking News

Groupon Inc. shares were tumbling more than 20% in Thursday’s extended session after the discounting marketplace announced a new rights offering and acknowledged “challenged” business conditions. The company…

Read more Groupon’s stock craters after earnings as CEO says business ‘continues to be challenged’
Morgan Stanley names Ted Pick its next CEO

Morgan Stanley names Ted Pick its next CEO

October 25, 2023October 25, 2023 · Breaking News

Morgan Stanley said late Wednesday that Co-President Edward “Ted” Pick will become its chief executive, effective Jan. 1. Outgoing Chief Executive James Gorman will become executive chairman, Morgan…

Read more Morgan Stanley names Ted Pick its next CEO
Costco CEO Craig Jelinek to Step Down. Here’s the Plan.

Costco CEO Craig Jelinek to Step Down. Here’s the Plan.

October 19, 2023October 19, 2023 · Business

Costco CEO Craig Jelinek to Step Down. The Stock Is Down. Source link

Read more Costco CEO Craig Jelinek to Step Down. Here’s the Plan.
Rite Aid is closing these 154 stores as part of its bankruptcy

Rite Aid is closing these 154 stores as part of its bankruptcy

October 18, 2023October 18, 2023 · Breaking News

Rite Aid plans to shutter 154 stores, many of them in Pennsylvania and California, as part of its bankruptcy plans, according to an initial list of those closures…

Read more Rite Aid is closing these 154 stores as part of its bankruptcy
Debt-ridden Rite Aid files for bankruptcy, will close more stores

Debt-ridden Rite Aid files for bankruptcy, will close more stores

October 15, 2023October 15, 2023 · Breaking News

Drugstore chain Rite Aid Corp. filed for bankruptcy Sunday, as it faces billions of dollars of debt related to opioid lawsuits. In a statement Sunday night, Rite Aid…

Read more Debt-ridden Rite Aid files for bankruptcy, will close more stores
Debt-ridden Rite Aid files for bankruptcy, will close more stores

Debt-ridden Rite Aid files for bankruptcy, will close more stores

October 15, 2023October 16, 2023 · Breaking News

Drugstore chain Rite Aid Corp. filed for bankruptcy Sunday, as it faces billions of dollars of debt related to opioid lawsuits. In a statement Sunday night, Rite Aid…

Read more Debt-ridden Rite Aid files for bankruptcy, will close more stores
Pharmacy Giant Walgreens Names Tim Wentworth as New CEO

Pharmacy Giant Walgreens Names Tim Wentworth as New CEO

October 10, 2023October 10, 2023 · Business

Pharmacy Giant Walgreens Names Tim Wentworth as New CEO Source link

Read more Pharmacy Giant Walgreens Names Tim Wentworth as New CEO
GameStop’s stock on pace for lowest close in two-and-a-half-years

GameStop’s stock on pace for lowest close in two-and-a-half-years

October 2, 2023October 2, 2023 · Breaking News

Shares of GameStop Corp. fell 6.9% Monday and are trading at $15.33, putting the stock on pace for its lowest close since Feb. 23, 2021, when it closed…

Read more GameStop’s stock on pace for lowest close in two-and-a-half-years
GameStop’s stock soars after activist investor Ryan Cohen named CEO

GameStop’s stock soars after activist investor Ryan Cohen named CEO

September 28, 2023September 28, 2023 · Breaking News

Shares of GameStop Corp. surged Thursday, after the consumer electronics retailer named Ryan Cohen as it president and chief executive officer, effective immediately. The move, which wasn’t unexpected,…

Read more GameStop’s stock soars after activist investor Ryan Cohen named CEO
Alcoa’s stock rocked after unexpected CEO transition

Alcoa’s stock rocked after unexpected CEO transition

September 25, 2023September 25, 2023 · Breaking News

Shares of Alcoa Corp. slumped to a multiyear low Monday as the aluminum company said that Roy Harvey had been replaced as chief executive officer after seven years…

Read more Alcoa’s stock rocked after unexpected CEO transition
Howard Schultz steps down from Starbucks board of directors

Howard Schultz steps down from Starbucks board of directors

September 13, 2023September 13, 2023 · Breaking News

Starbucks Corp. on Wednesday said former Chief Executive Howard Schultz is stepping down from its board of directors, capping a nearly 40-year career during which the company grew…

Read more Howard Schultz steps down from Starbucks board of directors
GameStop stock jumps after results top estimates, helped by international gains

GameStop stock jumps after results top estimates, helped by international gains

September 6, 2023September 6, 2023 · Breaking News

Shares of GameStop Corp. rose in extended trading Wednesday after the videogame retailer and original meme stock reported second-quarter results that beat expectations, lifted by international sales gains…

Read more GameStop stock jumps after results top estimates, helped by international gains
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