Keyword "RSBI:BOARDS" - List of latest news (421 results)

06:48 Meta’s oversight board rebukes company over policy overhaul

Meta Platforms’ Oversight Board on Wednesday sharply rebuked the Facebook and Instagram owner over a policy overhaul in January that cut fact-checking and eased curbs on discussions of contentious topics such as immigration and gender identity.

18/04 Exclusive: Intel CEO Lip-Bu Tan streamlines leadership team, names new technology chief, memo says

Intel's new CEO, Lip-Bu Tan, is streamlining the semiconductor giant's leadership team, with important chip groups reporting directly to him, according to a memo from Tan seen by Reuters.

17/04 Netflix quarterly results beat Wall St targets, revenue outlook upbeat

Netflix exceeded Wall Street expectations for quarterly results and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding President Donald Trump's erratic tariff plans.

17/04 Spirit Airlines names new CEO after emerging from bankruptcy

Spirit Airlines on Thursday appointed Dave Davis as its new chief executive officer, weeks after the U.S. discount carrier emerged from bankruptcy and reconstituted its board.

10/04 Harley-Davidson board member resigns, cites 'grave concerns' about company

A Harley-Davidson director has resigned after expressing "grave concerns" about the current state of the company in a letter to the motorcycle maker's board.

07/04 Spirit Airlines CEO steps down weeks after carrier exits bankruptcy

U.S. discount carrier Spirit Airlines said on Monday that CEO Ted Christie has stepped down with immediate effect as part of a shakeup, weeks after the company emerged from bankruptcy and reconstituted its board.

01/04 Intel's new CEO tells customers 'be brutally honest with us' 

In his first remarks as Intel's new CEO, Lip-Bu Tan on Monday outlined a leaner version of the iconic American chipmaker in which he would work directly with engineers to develop new products based on feedback from the company's customers.

31/03 Volvo goes back to car industry basics with surprise CEO switch

Volvo Car's abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump's tariff turbulence and a wobbly transition to electric cars, analysts and investors said.

30/03 Volvo Cars picks Hakan Samuelsson as new CEO

Volvo Cars has appointed Hakan Samuelsson as its new chief executive, effective April 1, 2025, it said on Sunday.

28/03 Chipmaker Wolfspeed's shares hit 27-year low over uncertain federal funding

Wolfspeed's shares lost half their value on Friday, hitting their lowest level since 1998, as funding through a Joe Biden-era legislation that promised subsidies for chip making in the United States remains uncertain.

28/03 Deutsche Bank extends CEO's mandate and revamps board in crucial year

Deutsche Bank has extended CEO Christian Sewing's contract, while its deputy and another top executive will depart as part of a management revamp, cementing the leadership team of Germany's largest lender for the next phase of its turnaround.

27/03 Ex-Intel CEO Gelsinger joins venture capital firm Playground Global

Pat Gelsinger, the former CEO of Intel , on Wednesday joined venture capital firm Playground Global as a general partner and also joined the board of a startup working to improve a key chip manufacturing tool.

21/03 France to replace EDF boss ahead of nuclear buildout

France is overhauling the leadership at state-owned utility EDF, as the heavily indebted company gears up to build six new nuclear reactors for the country while struggling to sign up long-term customers for its power.

20/03 White House forces out CEO of passenger railroad Amtrak

The White House this week forced Amtrak CEO Stephen Gardner to step down as head of the U.S. passenger railroad after President Donald Trump sought the changes, two sources told Reuters.

04/03 Ross Stores forecasts annual sales, profit below estimates on weaker demand

Discount retailer Ross Stores forecast annual sales and profit below estimates on Tuesday, joining its larger peers in indicating a dip in consumer demand due to rising inflationary pressures.

18/01 State-owned SEPI proposes to replace Telefonica CEO

Spanish telecom giant Telefonica's board agreed on Saturday to appoint defence company Indra's chairman Marc Murtra as its new CEO, replacing Chief Executive Jose Maria Alvarez-Pallete following a request from state-owned fund SEPI.

14/01 Breakingviews - Wall St climate cop-out is superficial — for now

Talk about bad timing. Five years ago BlackRock boss Larry Fink made tackling climate change a priority. On Thursday, the world's largest investment firm with $11.5 trillion in assets pulled out of the Net Zero Asset Managers initiative while large swathes of Los Angeles were burning in fires at least in part worsened by rising greenhouse-gas emissions. It's not alone. Other Wall Street heavyweigh

11/01 American Airlines' focus on ESG in 401(k) plan is illegal, US judge rules

A federal judge in Texas on Friday said American Airlines violated federal law by basing investment decisions for its employee retirement plan on environmental, social and other non-financial factors.

10/01 Former WWE CEO Vince McMahon settles with SEC over undisclosed settlements with women

Vince McMahon, the former World Wrestling Entertainment chief executive, settled U.S. Securities and Exchange Commission charges he concealed from the company's board two settlement agreements worth $10.5 million with women who had potential claims against him.

10/01 Politics, not climate, to drive sustainable finance trends in 2025

A turbulent year for sustainable finance is set to continue in 2025 as the return of Donald Trump as U.S. president heralds more regional divergence on everything from fund flows to legal cases and market regulations.

07/01 Meta elects UFC CEO Dana White, two others to board

Meta Platforms said on Monday it had elected three new directors to its board, including Dana White, CEO of Ultimate Fighting Championship (UFC) and close friend of President-elect Donald Trump.

06/01 Boardroom diversity stalls in the face of conservative backlash

In the aftermath of George Floyd's killing in 2020, investor Mellody Hobson recalls frequent calls from directors at Fortune 500 companies for references to diverse candidates for boards. Now, she says, it's "very sporadic."

05/01 Cybersecurity firm Tenable's CEO Amit Yoran dies after battle with cancer

Amit Yoran, the chairman and chief executive of cybersecurity firm Tenable Holdings died on Friday following a battle with cancer, the company said on Saturday.

30/12 Singapore Post names new CFO in executive overhaul after whistleblower report

Singapore Post appointed Isaac Mah, the current CFO of its Australia business, as group finance chief, the company said on Sunday, a week after dismissing three senior executives, including its CFO, over mishandling a whistleblower report.

27/12 OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we'd imagined," and remove the restrictions imposed on the startup by its current nonprofit parent.

24/12 Boeing names Ann Schmidt chief communications and brand officer

Boeing CEO Kelly Ortberg has tapped Ann Schmidt to be chief communications and brand officer in the latest executive appointment since Ortberg took over as chief executive in August.

19/12 Two Epic Games directors appointed by Tencent resign, US Justice Department says

Two directors of Epic Games who had been appointed by Chinese gaming and social media firm Tencent Holdings resigned from the board of the Fortnite video game maker after the U.S. Justice Department's antitrust division expressed concerns, the department said on Wednesday.

17/12 The $80 million question: Can bond reward force Sri Lanka to improve governance?

Investors burned by Sri Lanka's $12.5 billion debt default are using the subsequent years-long restructuring to try to force the island nation's leaders to better manage the country.

14/12 Local unions group seeks ouster of Kroger CEO after $7.5 bln buyback plan

Some United Food and Commercial Workers (UFCW) local unions on Friday urged Kroger's board to replace CEO Rodney McMullen following the company's announcement of a $7.5 billion stock buyback plan after terminating a deal to buy Albertsons .

11/12 Breakingviews - Korea's value push is getting a much-needed spark

South Korean President Yoon Suk Yeol's botched coup has plunged the country into political turmoil and adds urgency for it to curb the power of its family-owned businesses. Even before the crisis, the benchmark KOSPI was one of the world's worst performing major stock indices. That makes $22 billion Korea Zinc's shareholding meeting in January a key test.

09/12 Breakingviews - ANZ's new CEO has his hands partly tied

Spare a thought for Nuno Matos. Right after ANZ revealed on Monday that it had hired HSBC's former global head of wealth and personal banking division as its next CEO, shareholders wiped 3% off the stock of Australia's second-largest lender by assets. At least Matos knows they don't have unrealistically high expectations of him. But he will be running the $60 billion bank with his hands partly tie

08/12 Australian lender ANZ names Nuno Matos as new CEO

ANZ Group has appointed Nuno Matos as its chief executive, replacing Shayne Elliott who is set to retire in July 2025 after nine years in the role, the Australian lender said on Monday.

05/12 Lowdon to lead Cadillac F1 team, GM says

The new Cadillac team planning to enter Formula One in 2026 have appointed ex-Marussia chief executive Graeme Lowdon as principal, General Motors and partners TWG Global said on Thursday.

04/12 Exclusive: 'Radical' targets toppled Tavares at Stellantis, sources say

Targets deemed unrealistic or destructive by some board members triggered the sudden fall of Stellantis CEO Carlos Tavares just a month after he received their full backing, two people with knowledge of the matter told Reuters.

04/12 Norway wealth fund divests from Israel's Bezeq for providing telecoms services to West Bank settlements

Norway's sovereign wealth fund, the world's largest, has sold all of its shares in Israel's Bezeq as it provides telecoms services to the Israeli settlements in the occupied West Bank, it said late on Tuesday.

02/12 Tavares clashed with Stellantis board over revival plan, sources say

Outgoing CEO Carlos Tavares clashed with Stellantis' board over his plans to quickly turn around the ailing U.S. business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday.

02/12 From Boeing to Intel: CEO exits at major global companies in 2024

Several global companies, including aircraft manufacturer Boeing and struggling chipmaker Intel, have witnessed the departure of their CEO's this year, with a handful of firms opting for seasoned executives to fill these leadership voids.

02/12 Intel CEO Pat Gelsinger steps down from struggling chipmaker

Intel Chief Executive Pat Gelsinger has stepped down less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon searches for a permanent replacement.

02/12 Breakingviews - Breakingviews: New Stellantis CEO’s first job is a US reset

Carlos Tavares' successor will need to manage increasingly tricky relations with Donald Trump.

02/12 Stellantis drops as CEO Tavares quits, sparking fresh uncertainty

The abrupt resignation sent shares in the world's No. 4 carmaker to more than two-year lows as investors questioned its turnaround plans.

01/12 Stellantis CEO Carlos Tavares resigns

Tavares recently shook up top management as he tried to reverse sliding sales and profits in the U.S. He was scheduled to retire in early 2026.

30/11 Nissan CFO Stephen Ma to step down, Bloomberg News reports

Nissan Motor's CFO Stephen Ma is set to step down, Bloomberg News reported on Saturday, citing people familiar with the matter, weeks after the Japanese automaker issued a profit warning and announced plans to cut thousands of jobs globally.

25/11 Kohl's CEO to depart after less than two years at the helm

Kohl's CEO Tom Kingsbury will step down after less than two years at the helm, paving the way for former Walmart executive Ashley Buchanan to take on the role as the department store chain looks to execute a turnaround.

24/11 Former BP boss Looney to chair US data company Prometheus Hyperscale

Oil major BP's former CEO Bernard Looney is set to chair Prometheus Hyperscale, the U.S.-based data company said on Sunday.

22/11 Northvolt crisis may be make or break for Europe's EV battery ambitions

Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals.

22/11 Northvolt CEO steps down after company files for bankruptcy

Northvolt's CEO Peter Carlsson is stepping down, the Swedish maker of battery cells for electric vehicles said on Friday, one day after the group filed for U.S. Chapter 11 bankruptcy protection.

20/11 News Corp says investors reject proposal to end dual class voting structure

News Corp said on Wednesday that investors rejected a proposal by activist investor Starboard Value to break the Murdoch family's grip on the publisher by ending a dual class voting structure.

19/11 Nestle to cut costs by $2.8 billion, boost marketing under CEO Freixe

Nestle will boost advertising and marketing, trim costs by at least $2.8 billion by 2027 and carve out its water and premium drinks businesses into a standalone global unit as it looks to drive growth under its new chief, the company said on Tuesday

04/11 Schneider Electric replaces CEO to accelerate strategy execution

Schneider Electric has ousted CEO Peter Herweck with immediate effect, the French industrials giant said on Monday, citing issues with his execution of the company's strategy.

04/11 Australian police search Sydney PwC office over tax leak probe

Australian police on Monday searched the PwC Australia office in Sydney as part of a probe into a former partner who leaked confidential government tax plans to the firm and its clients.

04/11 MinRes founder Ellison to exit within 18 months after board probe, penalties imposed

Australia's Mineral Resources (MinRes) said on Monday its founder and managing director Chris Ellison will exit the company within 18 months after a probe into his tax affairs and related-party deals found a "range of issues and shortcomings".

31/10 Legal attacks are slowing SEC rulemaking in crucial election year

Rulemaking at the U.S. Securities and Exchange Commission, which hit a record pace early in President Joe Biden's administration, has slowed significantly as the agency navigates a hostile new legal climate.

25/10 Reports of bullying, discrimination surge in British financial services

Reports of bullying, discrimination and other non-financial misconduct in Britain's finance industry surged almost 60% over three years to 2023 - and more than one third of firms did not report such cases to their boards, a regulatory survey showed.

25/10 Morgan Stanley board names CEO Ted Pick its chair

Morgan Stanley said on Thursday CEO Ted Pick would be its next chair succeeding James Gorman, who has been tapped to head the board at Walt Disney after he steps down as executive chair of the Wall Street titan at the end of the year.

22/10 More US firms lean on retired, veteran leaders to steady ship in choppy economy

CVS Health last week named as CEO a tried-and-tested company veteran, the latest in a handful of firms this year that have turned to an experienced executive to take the helm, hoping to quell investor concerns amid economic uncertainty.

22/10 HSBC appoints Pam Kaur as first female CFO; announces restructuring

HSBC Holdings , named insider Pam Kaur as its first female finance chief on Tuesday, replacing Georges Elhedery who became CEO earlier this year, and said it would streamline the bank into four business units.

21/10 Events leading up to CVS Health CEO Lynch's departure

CVS stock has lost nearly 26% of its value this year due to multiple cuts to the firm's annual profit forecast.

21/10 CVS names Joyner as CEO under investor pressure, withdraws profit forecast

CVS Health replaced CEO Karen Lynch with a company veteran who retired before returning last year.

21/10 JAB increases majority stake in JDE Peet's with $2.4 bln buyout of Mondelez's shares

German conglomerate JAB said on Monday it will acquire Mondelez's minority stake in Dutch coffee maker JDE Peet's in a 2.2 billion euro ($2.4 billion) deal that will increase JAB's holding to 68%.

10/09 Southwest Airlines Chairman Kelly to retire amid pressure from Elliott

Southwest Airlines on Tuesday announced changes to its board including the retirement of its Chairman Gary Kelly, but reiterated its support for CEO Bob Jordan amid calls for a shakeup from activist investor Elliott Investment Management.

08/09 Norfolk Southern CEO faces probe over alleged workplace relationship, CNBC reports

Norfolk Southern's board is examining allegations that Chief Executive Alan Shaw engaged in an inappropriate workplace relationship, CNBC reported on Sunday, citing three people familiar with the matter.

01/09 Exclusive: Intel CEO to pitch board on plans to shed assets, cut costs, source says

Intel is suffering through one of its worst periods as it tries to play catchup in the AI era against companies such as Nvidia.

29/08 HSBC wealth chief Matos leaves as new CEO shakes up team

HSBC's Wealth and Personal Banking chief Nuno Matos is resigning to pursue other opportunities, the Asia-focused bank said on Thursday, in one of several significant changes in its leadership on the eve of Georges Elhedery starting as CEO.

28/08 Swedish EV maker Polestar appoints Michael Lohscheller as CEO

Polestar said on Wednesday it will replace current CEO Thomas Ingenlath with a former boss of Opel and EV startups, the latest senior management change at a challenging time for the loss-making electric vehicle (EV) maker and the automotive industry.

27/08 Intel board member quit after differences over chipmaker's revival plan

The sudden resignation of a high-profile Intel board member came after differences with CEO Pat Gelsinger and other directors over what the director considered the U.S. company’s bloated workforce, risk-averse culture and lagging artificial intelligence strategy, according to three sources familiar with the matter.

27/08 Once-acquisitive Chinese oil giant looks to revive global dealmaking

CNPC, Asia's top oil producer, is reviewing its global strategy as it looks to revive dealmaking, eyeing gas liquefaction and deepsea drilling as well as building on its record of producing more from aging wells, the head of its research arm said.

26/08 Red Lobster taps former P.F. Chang's head as CEO in bankruptcy exit plan

Damola Adamolekun, former CEO of P.F. Chang's, will take the helm at Red Lobster after a court approval of the restaurant chain's bankruptcy plan, investment management firm Fortress said on Monday.

26/08 Breakingviews - Nestlé’s CEO switch serves up unappetising menu

Swiss consumer-goods giant Nestlé has had a rough few years. The board’s decision to replace CEO Mark Schneider with insider Laurent Freixe, announced on Thursday evening, was abrupt but justifiable. The danger for investors is that the turnaround job will now be more painful than they had expected.

26/08 What went wrong for Nestle CEO Mark Schneider

Mark Schneider, Nestle's recently ousted CEO, steered the world's biggest food maker through the COVID-19 pandemic, grew margins despite a subsequent supply chain crunch, and pulled off a historic reorganisation.

25/08 Bank of China President Liu resigns, chairman to be acting president

Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said.

23/08 Nestle CEO Schneider was ousted, paving way for veteran Freixe, sources say

Nestle CEO Mark Schneider was ousted in a sudden move by the world's biggest foodmaker as a result of the group's underperformance, three sources familiar with the matter told Reuters on Friday.

22/08 Semiconductor veteran Lip-Bu Tan exits Intel's board

Intel's director Lip-Bu Tan, a semiconductor industry veteran brought in two years ago to help with the chipmaker's comeback effort, has stepped down from its board, the chipmaker disclosed in a filing on Thursday.

22/08 Nestle replaces CEO Schneider with company veteran Freixe

Nestle is replacing Chief Executive Mark Schneider with long-serving executive Laurent Freixe, the company said on Thursday, marking a change of leadership as it faces a challenge to grow sales.

22/08 Walt Disney tasks Morgan Stanley's Gorman to lead CEO search

Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for a replacement to longtime CEO Bob Iger.

20/08 Breakingviews - Estée Lauder makeover will be more than skin deep

Estée Lauder's makeover will require some careful application. The $33 billion cosmetics giant is looking for a new chief executive after Fabrizio Freda announced he plans to retire after 16 years in charge. The 66-year-old's successor will have to tackle softening demand in China and restore profit margins. The bigger challenge, though, will be handling the controlling Lauder family.

17/08 Breakingviews - Starbucks piles whipped cream atop CEO pay problem

Few financial decisions are as vibes-driven as CEO pay. How much is too much is mostly a question of who’s counting and what it’s measured against. Starbucks , for example, is paying new boss Brian Niccol a potential $145 million package that, at first glance, seems like the boardroom equivalent of a venti caramel ribbon crunch Frappuccino.

15/08 Chipotle investors see continued growth, steady leadership after CEO Niccol departs

Chipotle Mexican Grill's future may not be as bumpy as some shareholders fear upon the departure of CEO Brian Niccol, investors said.

14/08 Elliott targets Southwest Airlines board in bid to shake up leadership

Elliott Investment Management has launched a boardroom battle at Southwest Airlines seeking to replace 10 of 15 directors, as the hedge fund pushes to oust the airline's chief executive and improve performance, it said on Tuesday.

13/08 Starbucks taps Chipotle's Niccol as CEO in surprise move, shares soar

Starbucks on Tuesday named Chipotle Mexican Grill head Brian Niccol as its new CEO, poaching a successful fast-food executive known for reviving the burrito chain to lead a turnaround, in a shock move that sent the coffee chain's shares up over 20%.

12/08 Britain's CEOs get record pay in 2023, research shows

The bosses of Britain's biggest companies enjoyed record pay in 2023, with nine firms offering them packages of more than 10 million pounds ($12.75 million), research on Monday showed, as British workers argue for higher wages.

10/07 Microsoft ditches OpenAI board observer seat amid regulatory scrutiny

Microsoft has ditched the board observer seat at OpenAI that has drawn regulatory scrutiny on both sides of the Atlantic, saying it was not necessary after the AI start-up's governance had improved significantly in the past eight months.

28/06 RBC appoints new executives to lead US global asset management arm

Royal Bank of Canada has appointed Jessica Rausch as chief operating officer of its US global asset management (GAM) business and Brandon Lew as president in the division's new-look leadership since Donald Sanya's appointment as CEO.

20/06 Shareholders warn Nippon Steel faces higher decarbonisation costs with U.S. Steel takeover

Nippon Steel's proposed acquisition of U.S. Steel risks raising decarbonisation costs for Japan's top steelmaker, an activist shareholder group said, urging the company to address the takeover's impact on its climate goals.

19/06 Toyota chairman's support from shareholders slides amid governance concerns

Toyota Chairman Akio Toyoda's level of shareholder support dropped markedly at the automaker's annual general meeting this week, hurt by certification test scandals and other governance concerns.

18/06 Toyota shareholders vote for chairman's re-election

Toyota Motor shareholders backed Chairman Akio Toyoda and nine other members of the automaker's board on Tuesday, despite concerns about governance raised by two leading proxy advisers.

14/06 Exclusive: Vanguard vote switch helped pass Tesla CEO Elon Musk's $56 billion pay package

Tesla's largest outside investor Vanguard said it voted in favor of CEO Elon Musk's $56 billion pay package, citing the company's performance, contributing to the passage of the record-setting arrangement on Thursday.

13/06 How Elon Musk's pay package compares with other top CEOs in the US 

Tesla shareholders will vote on Thursday on whether to ratify CEO Elon Musk's $56 billion pay package, which a Delaware judge voided in January because she found he improperly controlled the process.

10/06 Australia's Nine Entertainment says Peter Costello steps down as chairman

Australian broadcaster Nine Entertainment Co Holdings Ltd said its chairman Peter Costello resigned on Saturday and has been replaced by non executive deputy chair Catherine West.

10/06 Tesla turns to Musk's small shareholder fans to back $56 billion payday

With major Tesla shareholders appearing divided over whether to endorse Elon Musk's $56 billion pay package, the company also is looking for support from retail investors who make up an unusually high percentage of the electric carmaker's ownership base.

08/06 Shari Redstone receives fewest votes in Paramount board election

Paramount Global controlling shareholder Shari Redstone received the fewest votes among other directors in the company's board election, a filing on Friday showed.

07/06 Former Allianz employee pleads guilty to fraud over $7-billion funds collapse

A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses.

04/06 NYCB names CEO Joseph Otting to additional role of chairman

New York Community Bancorp said on Tuesday it had expanded the role of its President and CEO Joseph Otting to include the title of chairman.

04/06 Boeing's Calhoun says its board is ready to make decisions for succession

Boeing's board is prepared to make decisions as the planemaker's Chief Executive David Calhoun is set to step down at the end of the year, he told Reuters on Wednesday, adding that the decision on his successor is up to the board.

03/06 Exclusive: Tesla director Gebbia says he discussed selling house to Musk

Joe Gebbia, the Tesla director who exited a board committee that made key decisions about the car maker's future, told Reuters that CEO Elon Musk had discussed purchasing a house from his start-up and that he was concerned their friendship could be seized on to attack the committee's independence.

01/06 Top proxy adviser ISS recommends against Tesla CEO Musk's 'excessive' $56 bln pay

Top proxy advisory firm ISS recommended Tesla shareholders vote against ratifying CEO Elon Musk's $56 billion pay package, calling the compensation excessive in a rejection of the plan set by the electric vehicle maker's board.

30/05 UBS splits wealth management role as part of executive reshuffle

UBS said on Thursday it would split its top wealth management role as part of a shake-up of the Swiss bank's executive board that also sees new heads of its investment bank.

27/05 Fewer top women earners in British finance since pandemic, report says

Women make up a smaller proportion of top earners in British financial and professional services than before the COVID-19 pandemic, research from the London School of Economics and Political Science (LSE) showed on Monday.

23/05 Brazil's Petrobras new CEO Chambriard will take over role on Friday, sources say

Magda Chambriard will take over as chief executive officer of Brazil's state-run oil company Petrobras on Friday after the board approves her appointment, four sources with knowledge of the matter told Reuters.

21/05 Exclusive: Conservative investor pulls JPMorgan resolution, cites changes addressing 'politicized finance'

A conservative shareholder has withdrawn a resolution filed for a vote at Tuesday's annual meeting of JPMorgan, according to the investor's representative, who said the move reflects changes the Wall Street bank has made to take more account of diverse viewpoints.

17/05 Boeing faces multiple probes after mid-air MAX door plug blowout

Boeing is facing heightened scrutiny from U.S. regulators and prosecutors into its safety and quality practices following the Jan. 5 panel blowout on an Alaska Airlines 737 MAX 9.

17/05 Departing Boeing CEO's board status faces Friday vote by shareholders

Boeing shareholders will vote on Friday whether outgoing CEO Dave Calhoun should remain on the board, adding intrigue to an annual general meeting (AGM) where investors are expected to seek clarity on future leadership of the planemaker.

15/05 Petrobras shares plunge as Brazil's Lula swaps CEO

Shares of Brazil's Petrobras plunged 8% as markets opened on Wednesday, after the state-run oil firm said its chief executive would step down, to be replaced by a former regulator with views closer those of President Luiz Inacio Lula da Silva.

15/05 Brazil pushes out Petrobras CEO, names ex-regulator to top job

The chief executive of Brazil's Petrobras offered to step down, the state-run oil company said on Tuesday, as the government lined up a former regulator for the role, sending shares sliding as investors braced for political interference.

14/05 Amazon's AWS chief Selipsky to step down, veteran named successor

The chief of Amazon.com's wildly profitable Amazon Web Services cloud computing unit will step down next month after a three-year term.

13/05 Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley

The Illinois state treasurer has urged Exxon Mobil shareholders to vote against the election of Executive Chair and CEO Darren Woods, as the oil major pursues a lawsuit against two shareholders, a filing showed on Monday.

13/05 Melinda Gates to step down as co-chair of Gates Foundation

Melinda French Gates is stepping down as co-chair of the Bill and Melinda Gates Foundation, one of the world's biggest private charitable foundations that she co-founded with her former spouse more than 20 years ago, she said on Monday.

09/05 Elon Musk may be compelled to testify again in SEC's Twitter takeover probe

A federal judge on Thursday indicated a willingness to compel Elon Musk to testify again in the U.S. Securities and Exchange Commission's investigation into his $44 billion takeover of Twitter.

08/05 Siemens Energy shakes up management at troubled wind unit, raises outlook

Siemens Energy will replace the boss of its troubled wind turbine division after little more than two years in the job, the company said on Wednesday, also flagging job and capacity cuts as it tightens its grip on the loss-making business.

06/05 Optus names new boss months after massive outage

Singapore Telecommunications' Australian unit Optus said on Monday it had appointed Stephen Rue as its new CEO, nearly half a year after former boss Kelly Bayer Rosmarin resigned following a massive network outage.

05/05 Ping An votes against reappointment of HSBC CEO as director, source says

China's Ping An Insurance Group Co, the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move.

05/05 Buffett talks succession and Berkshire's future at annual meeting

Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the executives who are designated to eventually succeed him and discussing Berkshire's opportunities.

05/05 Berkshire shareholders reject climate, diversity, China proposals

Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett's conglomerate, all of which the billionaire investor and his board opposed.

04/05 Berkshire shareholders descend on Omaha as annual meeting kicks off

Warren Buffett will take center stage at Berkshire Hathaway's annual meeting on Saturday, as shareholders descend on to watch the famed investor as well as his expected successor.

03/05 Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark

Elon Musk's carmaker Tesla has sued an Indian battery maker for infringing its trademark by using the brand name "Tesla Power" to promote its products, seeking damages and a permanent injunction against the company from a New Delhi judge.

03/05 Buffett retakes the stage as Berkshire prepares to pass the baton

Warren Buffett will command center stage at Berkshire Hathaway's annual meeting on Saturday, but someone who won't be there -- his influential sidekick Charlie Munger -- will loom large.

02/05 Peloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs

Peloton CEO Barry McCarthy is stepping down, the company said on Thursday as it announced a 15% cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment.

01/05 Elon Musk's Tesla overhaul hits executive bench he touted

Just over a year ago, Elon Musk shared the stage at Tesla's investor day in Texas with 16 executives who gave detailed presentations on the company's technology and growth plans, then lined up behind their boss in a show of solidarity.

30/04 HSBC announces CEO Quinn's retirement, first-quarter profit drops 1.8%

HSBC Chief Executive Noel Quinn will retire, it said on Tuesday, in a surprise departure from the bank that he has overhauled in the past five years through a sweeping series of asset sales across the globe.

29/04 Paramount CEO Bob Bakish resigns amid merger talks

Paramount Global CEO Bob Bakish is stepping down and will be replaced by three executives, the company said on Monday as it reported quarterly earnings that beat Wall Street expectations.

29/04 Star Entertainment executive chair Foster steps down, adds to management exodus

Star Entertainment said on Monday its Executive Chairman David Foster will leave step down just weeks after being appointed to the role, adding to an exodus of senior management at the beleaguered Australian casino operator.

26/04 Walmart's longest-serving director Rob Walton to retire from board

Walmart said on Thursday that Rob Walton, the longest serving member on its board and eldest son of founder Sam Walton, would retire from his position of the big-box retailer at the end of his term on June 5.

22/04 Citi managing director details 'pervasive' sexual harassment in lawsuit

A Citigroup managing director said the bank failed to protect her from a supervisor's violent threats and abuse because of its "pervasive" culture of sexual harassment and gender discrimination, according to an amended legal filing on Monday.

19/04 Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace

Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an "unapologetically sexist" workplace.

18/04 Investors ask TotalEnergies to split CEO, board chair roles ahead of May AGM

A group of investors in French oil major TotalEnergies is calling for the company to split the roles of CEO and chairman, which they say could speed up its shift away from fossil fuels.

18/04 Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal

Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk's $56 billion pay package, in an untested move that could again mire the company in litigation, legal experts said.

17/04 Breakingviews - Guess what: Boeing can be spelled without G and E

Boeing’s problems are now as big as its 747 jumbo-jet. Years of dubious decisions have eroded much of the plane-maker’s goodwill with regulators, customers, passengers, and shareholders. The best way to regain it would be to uproot the corporate culture and go back to the drawing board on a new aircraft.

17/04 Tesla again seeks shareholder nod for Musk's 2018 pay voided by judge

Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk's record-breaking $56 billion pay that was set in 2018, but was rejected by a Delaware judge in January.

12/04 Europe stands firm against US-driven ESG backlash

Steady investor demand in Europe for environmental and socially responsible investments and wide-ranging regulation are helping Europe's finance industry withstand political pressures that have pushed some U.S. peers to backtrack on their green agendas.

12/04 Paramount plans to shrink board to seven directors amid Skydance deal talks

Paramount Global disclosed on Thursday that it plans to reduce its board to seven directors from 11 currently amid reports that the entertainment giant controlled by Shari Redstone was discussing a merger with Skydance Media.

08/04 JPMorgan says CEO transition is a top priority, cites potential Dimon successors

JPMorgan said on Monday that an orderly CEO transition is the top priority for its board in the medium term, as Jamie Dimon completes 18 years at the helm of the largest U.S. bank by assets.

08/04 Brazil's Lula calls meeting on the future of Petrobras CEO, sources say

President Luiz Inacio Lula da Silva called a meeting on Sunday evening with three cabinet ministers that could decide on whether to replace the chief executive of Brazil's state-run oil company Petrobras Jean Paul Prates, two sources told Reuters.

04/04 Glass Lewis recommends vote against two Spirit Aero directors

Proxy advisory firm Glass Lewis has recommended that Spirit AeroSystems shareholders vote against the election of two directors, including the head of the aero parts supplier's risk committee, Ronald Kadish, at next month's annual meeting.

04/04 Peltz loses at Disney but his investors win; changes may still be ahead

Billionaire investor Nelson Peltz lost but he also won.

04/04 Mexican broadcaster Televisa buys out AT&T's stake in Sky Mexico

Mexican broadcaster Televisa said on Wednesday it reached an agreement with AT&T for its stake in satellite TV unit Sky Mexico, giving Televisa full control of the firm.

03/04 Hunt for Disney CEO Bob Iger's successor kicks into high gear

With Walt Disney’s months-long proxy war with activist investor Nelson Peltz in the rear-view mirror, attention is refocused on finding CEO Bob Iger’s successor.

28/03 Who is Sam Bankman-Fried, the onetime crypto mogul sentenced to 25 years in prison?

A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks.

25/03 Boeing CEO Dave Calhoun to step down in management shakeup amid safety crisis

Boeing Co CEO Dave Calhoun will step down by year-end, in a broad management shakeup brought on by the planemaker's sprawling safety crisis stemming from a January mid-air panel blowout on a 737 MAX plane.

22/03 Aston Martin names Bentley's Adrian Hallmark as next CEO

British luxury carmaker Aston Martin is poised to name Bentley head Adrian Hallmark as its CEO, the Financial Times reported on Friday, citing two people.

22/03 Former Steinhoff CEO Markus Jooste dies by suicide, reports say

A 63-year-old man whom police in South Africa on Thursday said apparently died by suicide was identified by local media as former Steinhoff chief executive Markus Jooste.

20/03 NYCB discloses two departures from board of directors in March

Two New York Community Bancorp directors, Lawrence Savarese and David Treadwell, resigned from the board in March, the embattled lender said in a filing on Wednesday.

20/03 Disney backed by big names at critical time in activists' battle

What do George Lucas, Jamie Dimon and the family of Walt Disney have in common?

19/03 Belgian fashion designer Dries Van Noten to retire, appoint successor

Dries Van Noten, one of Belgium's most famous fashion designers, said on Tuesday he will step down at the end of June after designing his last collection and will appoint his successor at a later date.

16/03 Goldman bumps up 2023 pay for top three executives

The pay of Goldman Sachs' top three executives jumped by an average of nearly 24% in 2023, the Wall Street investment banking company disclosed in a filing on Friday, even as its profit fell last year.

15/03 Tabcorp CEO exited over alleged 'inappropriate' comments about female regulatory official

Australian bookmaker Tabcorp's CEO stepped down after a company probe over allegations that he used "inappropriate" comments about a female regulatory official, Victoria's gambling and casino regulator said on Friday.

13/03 PwC Australia cuts another 300-plus jobs in wake of leaked tax plan scandal

PwC Australia on Wednesday said it would cut an additional 329 jobs, part of a major restructuring that follows a national scandal in which a former partner leaked government tax plans.

11/03 Exclusive: Investors push Zara owner Inditex to publish full supply chain

Investors want Zara owner Inditex to follow rivals H&M and Primark in making its full list of suppliers public so they can better assess any supply chain risks.

07/03 Japan's new female 'role models' seek to empower other women

Tokyo Governor Yuriko Koike knows how important networking and mentorship are to building a career, so she's making sure her administration offers women these opportunities.

04/03 Exclusive: Proxy adviser ISS expands offerings for 'ESG skeptic' clients

Institutional Shareholder Services (ISS), the influential proxy adviser majority owned by Deutsche Boerse that recommends how shareholders should vote in corporate elections, will offer a new "ESG skeptic" option, according to executives.

04/03 Swedish pension fund Alecta's chairperson resigns after a week

Alecta's chairperson Carina Akerstrom has resigned only a week after she started in the position, the Swedish pension fund said on Sunday, adding it had reinstated its former interim chair.

01/03 Breakingviews - If only banks were more like chemical factories

Two companies swap out their chief executives after discovering deficient internal controls. One makes chemicals, the other loans. Both lose big chunks of market value. The big difference? The manufacturer’s crisis mostly hurts its shareholders; the financial institution’s should worry everyone.

01/03 Swiss central bank chairman Thomas Jordan to step down after 12 turbulent years

Swiss National Bank Chairman Thomas Jordan will step down in September, three years early, after more than a decade at the helm, during which the central bank has wrestled with crises including Credit Suisse's collapse and a supercharged franc.

01/03 Proxy advisor ISS backs Starbucks in board challenge from labor group

Institutional Shareholder Services, a proxy advisory firm, on Thursday threw its support behind Starbucks Corp , recommending investors elect all of management's directors in a board fight over worker pay and the coffee chain's stock price.

29/02 WeightWatchers shares drop as Oprah Winfrey decides to exit board

Shares of WW International , also known as WeightWatchers, took a pounding on Thursday as the company disclosed that celebrity shareholder Oprah Winfrey would exit its board later this year and donate her stock in the weight management firm.

29/02 Companies walk ESG tightrope, under fire from all sides over disclosures

Since joining Asahi Group in 2020 as sustainability chief, Preeti Srivastav has helped the Japanese brewer make several environmental and social pledges but has not got it to disclose all its progress.

28/02 After Nikkei's record run, investors want to know if Japan has changed for real

A corporate governance makeover has helped fuel the revival of Japan's once-moribund stock market. Now investors want to see if the change is for real.

24/02 Warren Buffett mourns death of Charlie Munger, says Berkshire 'built to last'

Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long term, even as he mourned the recent passing of his longtime second-in-command Charlie Munger.

24/02 Buffett's Berkshire posts record profit on insurance, investment

Warren Buffett's Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as interest rates rose.

23/02 P&G CEO would change debate from 'social justice to winning' to bolster diversity

Procter & Gamble CEO Jon Moeller told Wall Street analysts on Thursday that changing the dialogue to "winning" from "social justice" would be a more effective way to promote women and diverse people.

22/02 Lufthansa to shed two thirds of its board by end-June -company

Four of the six current members of Lufthansa's board, including Chief Financial Officer Remco Steenbergen, will step down by the end of June, the company said on Thursday.

22/02 American Airlines must face lawsuit over ESG retirement investing

American Airlines must face a lawsuit claiming it failed to prudently oversee employee retirement funds because it used asset managers that pursued sustainable investment strategies, a federal judge in Fort Worth, Texas ruled.

22/02 Breakingviews - India’s startups will no longer price perfection

They were once India's most highly valued startups. Now the crushed valuations of fintech company Paytm and online educator Byju’s will weigh on the country's next wave of firms that will look to raise funds.

21/02 Qantas names John Mullen new chairman as airline looks to restore reputation

Qantas Airways said on Wednesday John Mullen will join the company board as chairman-elect from July 1, and replace its outgoing chair Richard Goyder ahead of the Australian flag carrier's annual general meeting in October.

17/02 Activist investor Carl Icahn secures JetBlue board seats

JetBlue Airways has agreed to appoint two members from activist investor Carl Icahn's firm to its board, avoiding a proxy fight.

16/02 Union-backing shareholder asks Starbucks to disclose 'anti-union spending,' approaches SEC

A labor union-backing shareholder wrote a letter to the U.S. Securities and Exchange Commission on Friday, saying that Starbucks has failed to disclose costs arising from anti-union campaigns, which was estimated at about $240 million.

16/02 Goldman Sachs CEO Solomon gets 24% pay bump to $31 million

Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said in a filing on Friday.

13/02 NYCB shares drop as rate worries add to CRE exposure risk

New York Community Bancorp shares fell nearly 4% after inflation data on Tuesday on investor worries that delays to interest-rate cuts could worsen the bank's woes from its exposure to stressed U.S. commercial real estate (CRE) sector.

13/02 Toyota says president, chairman of scandal-hit Daihatsu unit to step down

Toyota Motor Corp said on Tuesday both the president and chairman of Daihatsu Motor will step down almost a year after the small-car unit said it had rigged collision safety-tests.

12/02 India's Paytm confirms resignation of director at banking arm

Indian financial technology company Paytm on Monday confirmed media reports of an independent director at its banking arm having resigned.

11/02 SAP board chair designate to resign, Ala-Pietila nominated as successor

German software company SAP has nominated Finnish businessman Pekka Ala-Pietila to stand for election as chair of its supervisory board after current chair designate Punit Renjen decided to resign, SAP said on Sunday.

11/02 Elon Musk ordered to testify in SEC's Twitter probe

A federal judge ordered Elon Musk to testify again in the U.S. Securities and Exchange Commission's probe of his Twitter takeover, giving the regulator and the billionaire a week to agree on a date and location for the interview.

10/02 Jeff Bezos sells roughly $2 billion of Amazon shares

Amazon.com founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for roughly $2 billion, according to a company filing on Friday, soon after laying out a plan to sell his shares over the next year.

09/02 NYCB shares surge after top executives disclose stake purchases

New York Community Bancorp's battered shares were up 13% on Friday after top executives disclosed that they had bought stock in the U.S. lender.

09/02 Blackstone-owned Crown Resorts clears CEO of law breach allegations

Blackstone-owned owned Crown Resorts has cleared CEO Ciaran Carruthers after investigating an allegation that he had overruled the Australian casino operator's security officers over banning intoxicated customers.

07/02 Diageo turnaround plan soothes investors but some doubts remain

Diageo's attempt to reassure investors about its strategy in Latin America has boosted confidence among some that the world's top spirits maker can revive its performance, but doubts remain for others.

07/02 Equinor Q4 operating profit beats forecast, trims payout

Equinor on Wednesday posted a higher-than-expected operating profit for the final three months of 2023, but cut its overall shareholder payments and said production was expected to be unchanged in 2024.

06/02 U.S. safety regulator to release initial report on Boeing 737 MAX cabin blowout - agency

The U.S. National Transportation Safety Board will release its preliminary report on the Jan. 5 Boeing 737 MAX 9 door panel blowout on Tuesday, the agency said.

02/02 Jeff Bezos to sell 50 mln shares of Amazon by Jan.31 next year - filing

Amazon.com founder Jeff Bezos will sell 50 million shares in the online retail and cloud services firm over the next one year, according to a company filing on Friday.

01/02 Shifting Tesla incorporation to Texas may not give Musk what he wants

Elon Musk's plan to pull up stakes from Delaware and reincorporate Tesla TSLA.O in Texas may not give the electric carmaker's CEO the greater freedom he desires given the lack of history and different rules in that state's business courts, legal experts said.

31/01 New H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers

The new boss of H&M faces a thorny dilemma: increase prices and lose more ground to budget online fast-fashion rival Shein, or cut prices and risk profit margins falling short of target.

31/01 H&M CEO quits as sales keep sliding, shares drop

H&M's CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost sales and profitability.

31/01 Who is Kathaleen McCormick, the judge who slashed Elon Musk's pay package?

The Delaware judge who rescinded Elon Musk's record $56 billion compensation from Tesla on Tuesday has a reputation for her calm demeanor and demanding standards for corporate behavior.

30/01 Payments firm PayPal to reduce global workforce by 9% in 2024

Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday.

29/01 Global watchdog proposes new ethics code to combat greenwashing

Firms that check environmental, social and governance claims made by companies will be asked to follow a proposed new ethics code to help combat greenwashing, the chief of a global standards body told Reuters.

26/01 US FTC inquiry targets OpenAI and Anthropic's deals with Big Tech

The U.S. Federal Trade Commission said on Thursday it had ordered OpenAI, Microsoft , Alphabet , Amazon and Anthropic to provide information on recent investments and partnerships involving generative AI companies and cloud service providers.

25/01 Exclusive: Malaysia set to appoint PNB chief to lead country's biggest pension fund - sources

Malaysia is expected to name Ahmad Zulqarnain Onn, group CEO of the country's largest asset manager Permodalan Nasional Berhad (PNB), as the head of its biggest state pension fund, three people familiar with the matter said.

19/01 Morgan Stanley's Gorman awarded 17% pay bump to $37 million in last year as CEO - filing

Morgan Stanley executive chairman and former CEO James Gorman's compensation rose 17% to $37 million for 2023, the bank said in a filing on Friday.

18/01 Michael Burke named LVMH Fashion Group chairman and CEO

Michael Burke has been appointed as chairman and chief executive of LVMH Fashion Group , overseeing all of the group's fashion labels, the luxury goods giant said on Thursday.

17/01 US FAA says first 40 inspections of Boeing 737 MAX 9 airplanes complete

The Federal Aviation Administration said on Wednesday that inspections of an initial group of 40 Boeing 737 MAX 9 airplanes have been completed, a key hurdle to eventually ungrounding the planes after a Jan. 5 cabin panel broke off in mid-flight.

17/01 Japan Airlines names former cabin attendant as first female president

Japan Airlines named its first female president on Wednesday, a former cabin attendant who rose through the ranks to senior management, taking a deeply symbolic step in a country struggling to close a vast gender gap at work.

17/01 BP names Auchincloss permanent CEO

BP on Wednesday named Murray Auchincloss permanent CEO, four months after he was given the interim job following the sudden resignation of Bernard Looney over undisclosed relationships with employees.

17/01 Walt Disney makes its case for rejecting activist shareholder

Walt Disney said on Tuesday it "does not endorse" the candidates nominated by activist shareholders in a preliminary proxy filed with the Securities and Exchange Commission.

15/01 French tech group Atos names new CEO and delivers cash flow warning

French technology company Atos named Paul Saleh as its new chief executive on Monday and warned that free cash flow would be slightly below its initial target for the second half of the year, sending its share price tumbling.

12/01 US FAA to boost oversight of Boeing, sees more manufacturing issues

The U.S. aviation regulator said on Friday it will intensify oversight of Boeing after a panel broke off a new jet in mid-flight, and Federal Aviation Administration (FAA) chief Mike Whitaker said the agency believes there are "other manufacturing problems" at the planemaker.

09/01 Breakingviews - Harvard ouster is a win for activists, not activism

Bill Ackman went for the jugular at Harvard University. A crusade against the school’s President Claudine Gay ended this week with her resigning from her role. At first glance it looks like Ackman, founder of investment firm Pershing Square, has plied his corporate activist trade in a new field with marked success. But those who target institutions like Harvard could find themselves on shaky groun

09/01 Exclusive: Investor Ackman backs bid by dissidents for Harvard board seats

The actions of billionaire hedge fund manager William Ackman, who joined other Harvard graduates in calling for the university's president Claudine Gay to resign, echoes his playbook as an activist shareholder, pursuing board seats at companies to push for changes.

05/01 LVMH names Frederic Arnault CEO of LVMH Watches

LVMH has named Frederic Arnault Chief Executive Officer of LVMH Watches, overseeing the TAG Heuer, Hublot and Zenith brands, the luxury group said on Friday.

03/01 Exclusive: Blackwells to nominate board directors at Disney, rivaling Trian -sources

Activist hedge fund Blackwells Capital will nominate three directors at Walt Disney Co , rivaling Trian Fund Management which is seeking two seats on the entertainment giant's board, people familiar with the matter said.

05/12 Ukraine aerospace sector's push for Western tie-ups met with skepticism

Aerospace group Motor Sich has little to show so far for a wartime effort to woo potential partners in the West, as it seeks new direction after it lost Russia as its biggest client and had a China tie-up blocked.

30/11 Microsoft to take non-voting, observer position on OpenAI's board

Microsoft will take a non-voting, observer position on OpenAI's board, OpenAI said on Wednesday, adding that Sam Altman has been officially reinstated as chief executive officer of the company.

29/11 Disney CEO Iger promises 2026 exit, says ABC not for sale

Walt Disney Chief Executive Bob Iger said on Wednesday he would "definitely" step down when his current contract ends in 2026 and that the ABC broadcast network was not for sale.

29/11 Four banks quit climate targets validation scheme

Four major banks, including Standard Chartered Plc and HSBC Plc , have quit a United Nations-backed initiative to scrutinise climate targets set by corporations, according to people familiar with the matter.

29/11 After Munger's death, Berkshire succession comes into focus

The death of Berkshire Hathaway's Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate's lone investing legend and shining the spotlight on managers who have largely operated in their shadow.

27/11 Exclusive: Climate Investment Funds appoints Tariye Gbadegesin as CEO

The $11 billion multilateral lender Climate Investment Funds, which works with the World Bank and others to accelerate investment in the developing world, has appointed Tariye Gbadegesin as its new chief executive, the first African to take the helm.

25/11 Breakingviews - Listen Now: OpenAI’s boardroom drama is far from over

In this Viewsroom podcast, Breakingviews columnists explain how the saga of Sam Altman has raised concerns about governance, the future of artificial intelligence and the cult of the CEO.

22/11 AI poster child Altman back at OpenAI, may have fewer checks on power

Sam Altman's return as OpenAI's chief executive will strengthen his grip on the startup and may leave the ChatGPT creator with fewer checks on his power as the company introduces technology that could upend industries, corporate governance experts and analysts said.

22/11 Reaction to Sam Altman's return as OpenAI CEO

OpenAI said on Tuesday it had reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions about the future of the startup at the center of the artificial intelligence boom.

22/11 OpenAI's new-look board as Altman returns

ChatGPT-maker OpenAI on Tuesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, and also agreed in principle to partly reconstitute the board of directors that had dismissed him.

22/11 A timeline of Sam Altman’s ouster from OpenAI and Microsoft appointment

OpenAI said late on Tuesday Sam Altman would return to the company as CEO, capping days of high drama and marathon discussions about the future of the startup at the center of the global artificial intelligence boom.

22/11 Sam Altman to return as OpenAI CEO

OpenAI on Wednesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, capping a marathon discussion about the future of the startup at the center of the artificial intelligence boom.

22/11 Labor group seeks three board seats at Starbucks - sources

The Strategic Organizing Center, a coalition of North American labor unions, is seeking three board seats at Starbucks , people familiar with the matter told Reuters on Tuesday.

22/11 Few ways to force OpenAI governance changes

Few people can force OpenAI to change governance at the crisis-stricken artificial-intelligence company, and the head of Microsoft , a major financial backer, is not one of them, according to legal experts.

21/11 Buffett donates stock, says Berkshire has the 'right CEO' to succeed him

Billionaire investor Warren Buffett said Berkshire Hathaway has the "right CEO" to succeed him and the "right board of directors", the company disclosed in a letter from him on Tuesday which disclosed he donated about $866 million of Berkshire stock to four family charities.

21/11 Australia regulator targets 'carbon neutral' claims in greenwashing crackdown

Australia's corporate regulator will crack down on companies which make unfounded claims of being environmentally friendly, and also hold investment platforms accountable for distributing products that don't live up to these claims, its deputy chair said on Tuesday.

20/11 Breakingviews - Microsoft will struggle to clean up ugly AI mess

Microsoft boss Satya Nadella’s stressful weekend is probably only the beginning. The board overseeing artificial intelligence venture OpenAI abruptly ousted Chief Executive Sam Altman on Friday. After an unsuccessful attempt to broker his return, the software giant hired him and others to lead a new in-house team. It may solve one problem, but there are many more to tackle.

20/11 Microsoft emerges as big winner from OpenAI turmoil with Altman on board

Microsoft emerged on Monday as the big winner of the upheaval at OpenAI, hiring ousted CEO Sam Altman and other key staff of the startup to avert a potential flight to rivals and help deepen its lead in the artificial intelligence race.

20/11 OpenAI's interim CEO pledges probe into Altman's exit, reform management

OpenAI's interim CEO vowed on Monday to hire an independent investigator to probe the abrupt ouster of co-founder Sam Altman and reform the management team over the next 30 days as he seeks to restore trust in the U.S. start-up after a dramatic weekend.

20/11 Who is Emmett Shear, OpenAI's new interim CEO replacing Sam Altman?

ChatGPT-maker OpenAI has named ex-Twitch boss Emmett Shear as its interim chief executive officer after the startup ousted former head Sam Altman in a move that rocked the tech industry.

20/11 GM's Cruise robo-taxi CEO resigns from company

The CEO of General Motors' robot-taxi unit Cruise, Kyle Vogt, has resigned from the company a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet.

20/11 Australian telco Optus CEO resigns days after network-wide outage

Australia's second-largest telco Optus' Chief Executive Officer Kelly Bayer Rosmarin has resigned, its parent Singapore Telecommunications said on Monday, days after a network-wide outage left nearly half the country without phone or internet for 12 hours.

18/11 Ousted OpenAI CEO Altman planning new AI venture, sources say

Sam Altman, the recently ousted CEO of OpenAI, has been working on a new artificial intelligence venture he is planning to launch, sources briefed on the plan said on Saturday.

18/11 OpenAI CEO's ouster was over "breakdown of communications," not "malfeasance," executive writes in company memo

OpenAI CEO Sam Altman's firing was over a "breakdown in communication between Sam and the board," and not "malfeasance or anything related to our financial, business, safety, or security/privacy practices," Chief Operating Officer Brad Lightcap wrote in an internal company memo Saturday morning, viewed by Reuters.

18/11 Who is OpenAI's ousted CEO, Sam Altman?

Artificial intelligence may be well-known for generating human-like images out of whole cloth, but if the software has a public face it is Sam Altman’s.

17/11 OpenAI's Sam Altman to depart as company's CEO

ChatGPT maker OpenAI said on Friday Sam Altman will depart as the company's chief executive officer after the board found he was "not consistently candid in his communications".

17/11 Samsung boss Jay Y Lee faces final hearing over alleged fraud, stock manipulation

Samsung Electronics Executive Chairman Jay Y. Lee faces a final court hearing on Friday over accounting fraud and stock price manipulation charges involving an $8 billion merger of two Samsung affiliates in 2015.

16/11 US SEC presses judge to force Elon Musk to testify in Twitter probe

The U.S. Securities and Exchange Commission (SEC) on Thursday urged a federal judge to force billionaire Elon Musk to testify for its investigation into his $44 billion takeover of social media giant Twitter, now known as X.

15/11 Man Utd CEO Arnold to leave club ahead of possible sale

Manchester United CEO Richard Arnold will step down, the Premier League club said on Wednesday, ahead of the club's reported stake sale to British billionaire Jim Ratcliffe.

15/11 Alstom to appoint new chairman, cut 1,500 staff

Alstom on Wednesday said it would cut jobs and sell assets, and was considering a capital increase as part of a series of efforts to boost its balance sheet and alleviate investor concerns over debt.

14/11 Exclusive: Goldman Sachs discusses bigger bonuses for top traders, dealmakers -sources

Goldman Sachs bosses are considering fatter bonuses to retain star traders and dealmakers this year as the bank looks to win over some who were disappointed by smaller payments in 2022, according to five sources with knowledge of the situation.

14/11 Web Summit kicks off in Lisbon amid ex-CEO Israel controversy

Tens of thousands of people have gathered in Lisbon to attend Europe's largest technology conference, the Web Summit, as the event attempts to get back on its feet after the resignation of its CEO over comments he made about the Israel-Hamas war.

10/11 Loans linked to ESG face overhaul by under-pressure banks

Corporate loans whose costs are linked to environmental, social and governance (ESG) goals are being redesigned by banks in response to rising regulatory pressure and to inject more credibility into a market they hope to grow.

06/11 Bumble shares drop as founder Wolfe Herd to relinquish CEO role

Dating app operator Bumble said founder Whitney Wolfe Herd will step down as chief executive and hand over the role to seasoned tech and business executive Lidiane Jones, sending its shares down nearly 7% to a record low on Monday.

05/11 Washington Post appoints William Lewis as CEO; to reduce headcount by 10%

William Lewis, the former Dow Jones chief executive and publisher of The Wall Street Journal has been named chief executive and publisher of The Washington Post, the Post said on Saturday.

03/11 Explainer: Sam Bankman-Fried's conviction - what's next?

FTX founder Sam Bankman-Fried was convicted on Thursday of orchestrating a multibillion dollar fraud on the cryptocurrency exchange's customers.

03/11 Elon Musk asks court to reject SEC's bid to force him to testify in Twitter probe

Elon Musk asked a federal judge on Thursday not to force him to testify in the U.S. Securities and Exchange Commission's probe into his $44 billion takeover of social media site Twitter.

03/11 Who is Sam Bankman-Fried, the onetime crypto mogul convicted of fraud?

A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks.

03/11 Key moments in Sam Bankman-Fried's fraud trial

Sam Bankman-Fried was convicted on Thursday of defrauding customers of his now-defunct cryptocurrency exchange, FTX.

02/11 FTX founder Sam Bankman-Fried thought rules did not apply to him, prosecutor says

FTX founder Sam Bankman-Fried thought he could get away with stealing billions of dollars from the cryptocurrency exchange's customers and that the "rules did not apply to him," a prosecutor told jurors on Thursday as the fraud trial drew to a close.

02/11 Sam Bankman-Fried trial gives jury inside view of FTX's final days

Sam Bankman-Fried's fraud trial has given an unprecedented window into how a group of graduates from elite U.S. universities in their late 20s and early 30s tried, and ultimately failed, to avert one of the biggest and swiftest corporate meltdowns ever.

01/11 Sam Bankman-Fried's trial on FTX fraud charges heads to closing arguments

Sam Bankman-Fried's fraud trial is in the homestretch, with U.S. prosecutors and defense lawyers expected on Wednesday to present closing arguments to jurors over whether the FTX cryptocurrency exchange founder stole billions of dollars from customers.

31/10 Sam Bankman-Fried has 'regret' for not probing $8 billion debt to FTX

FTX founder Sam Bankman-Fried concluded his defense in his fraud trial on Tuesday, saying he felt "regret" for not looking into the $8 billion his hedge fund borrowed from the cryptocurrency exchange before it collapsed last November.

30/10 FedEx pilots union picks interim leader after rejecting tentative deal

The FedEx Master Executive Council, the governing body of the delivery firm's unit in the Air Line Pilots Association (ALPA), said on Monday it had elected a new interim chair after union members rejected a tentative contract with the company in July.

30/10 Sam Bankman-Fried to retake witness stand, face cross-examination in fraud trial

FTX founder Sam Bankman-Fried is set to retake the witness stand on Monday in his trial on fraud charges tied to the collapse of the cryptocurrency exchange, with prosecutors poised to challenge his assertion that he did not steal billions of dollars in customer funds.

27/10 Sam Bankman-Fried acknowledges 'mistakes' but testifies he did not defraud anyone

Sam Bankman-Fried, testifying in his own defense at his fraud trial on Friday, acknowledged that a "lot of people got hurt" when the FTX cryptocurrency exchange he founded collapsed, but said he did not defraud anyone or take customer funds.

27/10 NatWest meets quarterly profit forecast amid Farage 'debanking' row

NatWest reported third-quarter profit in line with forecasts on Friday, pinched by tighter competition for savers' cash, as the lender deals with the reputational fallout from a damaging 'debanking' row with former Brexit party leader Nigel Farage.

26/10 'FTX is fine' - tweets Sam Bankman-Fried may regret on the stand

As FTX founder Sam Bankman-Fried prepares to takes the stand at his trial on charges of taking billions in customer funds, he is likely to be asked about online posts assuring users the cryptocurrency exchange was safe.

26/10 Sam Bankman-Fried could take stand at fraud trial over FTX collapse

Sam Bankman-Fried could take the stand at his fraud trial as soon as Thursday, when prosecutors are set to finish presenting their case accusing the founder of now-bankrupt cryptocurrency exchange FTX of stealing billions of dollars from customers.

26/10 Morgan Stanley says Ted Pick to replace James Gorman as CEO

Morgan Stanley on Wednesday named insider Ted Pick as its chief executive officer, replacing James Gorman, who has held the top job for more than a decade and steered the bank in the aftermath of the 2008 financial crisis.

23/10 Sam Bankman-Fried's lawyers avoid challenges to 'cartoon' villain image

Sam Bankman-Fried's lawyers have complained that prosecutors at his fraud trial are portraying the FTX cryptocurrency exchange founder as a "cartoon of a villain," but have done little to counter unflattering depictions of him offered to the jury by his former colleagues.

23/10 Customers of Deutsche Bank units lodge surge in complaints, consumer group says

Customers of two Deutsche Bank units have lodged a surge in complaints with Germany's consumer protection agency, the advocacy group said on Monday, as the banking giant scrambles to make good with aggravated clients.

20/10 UBS overhauls board of domestic business after Credit Suisse takeover

UBS on Friday said it will overhaul the board of its domestic Swiss business after its takeover of Credit Suisse, including a new chairman to oversee both operations.