A CEO is entitled to a love life. But when it involves someone at work , things get very dicey very fast -- for the CEO , for the employee and, if handled badly, for the company. That said, there's a reason the idea of a CEO marrying his secretary is clich. Chief executives do find partners at the office -- and not just at the assistant level...
AT&T said this week that it would split the role of board chair and chief executive when its current chairman and CEO Randall Stephenson steps down. The move will put AT&T , which owns CNN's parent company WarnerMedia, among a majority of large, publicly traded US companies that are now opting to keep those two roles separate...
Democratic presidential candidate Elizabeth Warren wants the SEC to crack down on credit rating agencies Moody's and Standard & Poor's for what she calls "troubling reports of inflated bond ratings and the perverse incentives within the bond rating industry." Warren, the Massachusetts senator and a frontrunner for the 2020 Democratic nomination, has been a frequent critic of corporate malfeasance...
Walmart CEO Doug McMillon's total compensation reached nearly $24 million during the last year as the company continued to hold its ground against Amazon and other rival retailers. McMillon's salary was about $1.3 million and he was eligible for stock awards based on performance and values at $15.6 million. He is also eligible for about $6.7 million in incentives and other forms of compensation...
Wells Fargo's annual shareholder meeting was repeatedly interrupted on Tuesday by angry shareholders protesting the scandal-ridden bank's consumer abuses. Countless shareholders were asked by Wells Fargo interim CEO Allen Parker to leave the Dallas meeting after making outbursts. "Wells Fargo, you cannot be trusted!" one unidentified woman said before being asked to leave...
JPMorgan Chase raked in a record profit last year, and chief executive Jamie Dimon is getting a pay hike. The company's board of directors approved a $31 million pay package for 2018 that includes cash and stock awards, according to a public filing. That's 5% more than the banker received last year. JPMorgan is one of the first banks to disclose approved executive compensation for last year...
Wells Fargo's deposits and loans are under pressure from two years of scandal. It's cutting up to 26,500 jobs and shutting hundreds of branches. And the bank's stock price has trailed the rest of the market. Despite those challenges — or perhaps because of them — Wells Fargo ( WFC ) has lavished shareholders with aggressive share buybacks. Wells Fargo shelled out $7.4 billion to repurchase its stock in the third quarter, nearly triple what it spent the year before...
The just-concluded 2018 elections have been referred to as a new " year of the woman ," as nearly 25% of all members of the next Congress will be female. That puts Congress one point ahead of S&P 500 boardrooms, where 24% of all corporate directors are women . Neither number is impressive — and the pace of change remains glacially slow...
This year has been filled with transition and turmoil at Starbucks. But don't tell that to Wall Street. Despite negative publicity in 2018 that stemmed from the arrests of two black customers in a Philadelphia store in April, worries about more competition from Dunkin' and McDonald's and the retirement of its iconic leader Howard Schultz, shares of Starbucks are up more than 15% this year and are not far from an all-time high...