Tag Archives: CEO

Tesla (TSLA) CEO Elon Musk denied reports Friday that he demanded to be Apple (AAPL) CEO during a 2016 phone call in which Apple’s Tim Cook discussed buying the electric vehicle maker. Musk also took a separate swipe at Apple’s App Store fee on Friday, tweeting that it’s a “global tax on the internet.” The tweets from Musk were apparently prompted by a new book from The Wall Street Journal’s Tim Higgins, called “Power Play: Tesla, Elon Musk and the Bet of the Century.” That… Source link

There was one relatively abnormal metric in Restaurant Brands’ (QSR) second quarter earnings release on Friday — a 2.5% same-store sales decline at Popeyes U.S. The result marked a continued U.S. sales slowdown for arguably the creator of the current fast-food chicken sandwich craze. From the fourth quarter of 2019 (when the Popeyes chicken sandwich insanity kicked off) through the third quarter of 2020, Popeyes U.S. saw same-store sales gains of 34% to 17.4%. But the sales trajectory has… Source link

Tilray CEO Irwin Simon expects marijuana legalization in the U.S. to happen within the next two years. Citing the recent legislative push to end the federal prohibition of marijuana, “I see over the next 18-to-24 months that cannabis in some format will have legalization,” Simon told Yahoo Finance Live (video above), later adding: “Trust me: When legalization does happen, we will be ready… to be a part of it.” The Canadian cannabis company — listed on both the Nasdaq (TLRY) and the… Source link

As Robinhood (HOOD) prepares for its IPO on July 29 in a bid for a $35 billion valuation, some analysts warn that the company’s business model — specifically its reliance on payment for order flow (PFOF) — is an unseemly practice that won’t last. “This IPO is effectively selling investors on exploiting other investors,” David Trainer, CEO of New Constructs, said on Yahoo Finance Live (video above). “The whole payment-for-order-flow business model is probably not going to be long for… Source link

Pfizer (PFE) CEO Albert Bourla is betting big on repeating the success of its COVID-19 vaccine with an experimental oral treatment — and he’s putting the company’s money where its mouth is. Bourla told Yahoo Finance Wednesday the company is committing $1 billion to develop the oral treatment — a protease inhibitor — which would give the world an easy-to-use, targeted treatment, hopefully by year’s end. The current market for COVID-19 treatments includes monoclonal antibodies and some… Source link

CEO Sundar Pichai is stressed about Google’s plan to become carbon free over the next decade. That means the company aims to use no carbon-based energy whatsoever by 2030. “It’s a long shot, it stresses me out in terms of how to get there,” Pichai said at a virtual climate change event hosted by earth-imaging platform Planet in July. But “you bet on technology and innovation,” he said. Google has been carbon neutral since 2007, Pichai said. That means that though Google’s operations still… Source link

When Amazon (AMZN) Chairman Jeff Bezos stepped down as CEO earlier this month and wasted no time launching into space, some may have wondered when Facebook (FB) CEO Mark Zuckerberg would step down from the tech giant he founded. In fact, Zuckerberg is already starting to prepare for his own exit, says Cecilia Kang, a New York Times technology reporter and co-author of a new insider account of Facebook called, “An Ugly Truth: Inside Facebook’s Battle for Domination.” Kang, whose book draws on… Source link

Medicare Advantage provider Clover Health (CLOV) is both despised and loved, depending on whom you ask. The newly-public company has earned a prized status among top meme stocks. But the company is also facing significant backlash in the form of lawsuits after a scathing report from short-seller firm Hindenburg Research.  [Read more: Clover Health CEO speaks out for first time on hospital controversies] It’s something the company’s normally media-shy CEO, Vivek Garipalli, recently discussed in… Source link

Given Mark Tritton’s extensive retail resume — consisting of opening fancy flagship stores for luxury retailer Nordstrom to bringing cheap chic back to Target’s home department — it’s not a shock the Bed Bath & Beyond CEO knew things had to seriously change inside the company’s most recognizable location of all positioned on 620 Sixth Avenue in New York City.  When Tritton walked into the ginormous 92,000-square-foot store in December 2019 soon after he took over as CEO, he knew that… Source link

Clover Health (CLOV) CEO Vivek Garipalli has had a tumultuous year following the company’s merger with Chamath Palihapitiya’s SPAC. Though now a meme stock, it’s battling lawsuits spurred by a report from short-seller firm Hindenburg Research alleging the company withheld information about legal issues from investors. It isn’t the health care executive’s first run-in with criticism about his business practices. Three New Jersey hospitals he owned and operated, with two partners, made… Source link