Tag Archives: CEO

Enterprise software company Oracle (ORCL) in recent days formed a partnership with an outfit that will strengthen its blockchain-related services, and Bank of America launched a cryptocurrency research team — the latest signs of major firms embracing decentralized finance. Blockchain can claim another believer among the nation’s top financial institutions in Franklin Templeton (BEN) CEO Jenny Johnson, whose fund manages more than $1.5 trillion in assets. Johnson told Yahoo Finance in a… Source link

The meme stock craze has cooled off — at least temporarily. Over the past week, favored equities GameStop (GME) and AMC (AMC) have plummeted, dropping about 10% and 21% respectively.  The decline affirms the fears of observers who had warned that a pullback was likely for shares elevated by what some consider speculative trading.  In a new interview, Franklin Templeton (BEN) CEO Jenny Johnson — whose investment firm manages more than $1.5 trillion in assets — criticized the trading as… Source link

Delta Air Lines (DAL) on Wednesday reported a narrower than expected loss in the second quarter, with “accelerating demand” putting the airline back on a path to profitability. Here are the main results from the Q2 report, compared to consensus estimates compiled by Bloomberg: Adjusted pre tax income (loss): $881 million vs ($898 million) estimate Adjusted earnings (loss) per share: ($1.07) vs ($1.42) estimate GAAP earnings per share: $1.02 vs (0.17) estimate Revenue: $6.3 billion vs. $6.3… Source link

By Tom Hals and Sierra Jackson WILMINGTON, Del. (Reuters) – Elon Musk insisted in court on Monday he does not control Tesla Inc and said he did not enjoy being the electric vehicle company’s chief executive as he took the stand to defend the company’s 2016 acquisition of SolarCity. The lawsuit by union pension funds and asset managers alleges the celebrity CEO strong-armed Tesla’s board into wasting the company’s assets to buy SolarCity, which was running out of cash. Musk at the time… Source link

Last month, Google’s CEO, Sundar Pichai, faced criticism over his leadership style in the form of a New York Times piece. The report relies on 15 current and former executives who have expressed discontent over–among other things–the amount of time Pichai takes to make decisions.  According to the Times, employees expressed frustration that “Google did not move quickly on key business and personnel moves because he chewed over decisions and delayed action.” For example, the sources… Source link

As the commercialization and industrialization of space becomes more of an inevitability with every successful launch by companies like SpaceX and Virgin Galactic (SPCE), space debris, or space junk, is becoming a growing concern of both corporate and government aerospace entities alike. The European Space Agency (ESA) estimated that there are 29,000 objects larger than 10 centimeters, 670,000 objects larger than one centimeter, and more than 170 million objects larger than one millimeter… Source link

Yahoo President and CEO Marissa Mayer delivers the keynote address at the first-ever Yahoo Mobile Developer’s Conference, in San Francisco on Feb. 19, 2015. | AP Photo/Eric Risberg, File Former Yahoo CEO Marissa Mayer has contributed $200,000 to beat back an effort to recall Gov. Gavin Newsom, deepening the governor’s substantial Silicon Valley support. The outlay from Mayer bolsters Newsom’s massive cash advantage over Republican rivals and further demonstrates the extensive… Source link

Krispy Kreme (DNUT) on Thursday began its second incarnation as a public company, listing on the Nasdaq under the ticker symbol “DNUT.”  Shares of the doughnut chain priced in at $17 on Wednesday, slightly below the expected range of $21 to $24. Yet the stock popped by nearly 10% in midday trading, after a lackluster debut at $16.30 per share. Analysts had initially seen Krispy Kreme’s valuation topping $3 billion, but the stock listing undermined some of the loftier estimates. Still, CEO… Source link

It’s not your usual cover coup, but a coup nonetheless: The charismatic Chinese retailer known to every chief executive officer in the biz as Mr. Ji is on the cover of the next issue of System magazine, photographed remotely by Juergen Teller no less. The chairman of SKP, widely considered the best luxury department store operator in China, Ji Xiao An gets 34 pages in the issue, including a long and lively conversation with Prada honcho Patrizio Bertelli, moderated by editor Jonathan… Source link

The annual Fortune 500 list made headlines this month as a marker of progress in corporate diversity, since for the first time it included at least two Black women chief executives: TIAA (TRGIX) CEO Thasunda Brown Duckett and Walgreens Boots Alliance (WBA) CEO Rosalind Brewer. But headlines that trumpet the unique success of Black women executives may not deliver the message of progress they intend, says former Xerox (XRX) CEO Ursula Burns, who became the first Black woman CEO of a Fortune… Source link