Tag Archives: CEO

Card issuing platform Marqeta has named its Chief Product Officer (CPO) Simon Khalaf as CEO. Khalaf joined the company as CPO in June and began leading its go-to-market organization as well in August, Marqeta said in a Thursday (Jan. 26) press release. Marqeta’s Founder, Chairman and current CEO Jason Gardner will become executive chairman when Khalaf becomes CEO, effective Jan. 31, the release said. “After an extensive search, the board and I strongly believe Simon is the clear… Source link

Card issuing platform Marqeta has named its Chief Product Officer (CPO) Simon Khalaf as CEO. Khalaf joined the company as CPO in June and began leading its go-to-market organization as well in August, Marqeta said in a Thursday (Jan. 26) press release. Marqeta’s Founder, Chairman and current CEO Jason Gardner will become executive chairman when Khalaf becomes CEO, effective Jan. 31, the release said. “After an extensive search, the board and I strongly believe Simon is the clear… Source link

Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images Days after Google announced the largest round of layoffs in the company’s 25-year history, executives defended the job cuts and took questions from a concerned workforce during a town hall meeting on Monday. Google CEO Sundar Pichai led the companywide meeting and told employees that executives will see their bonuses cut. He pleaded with staffers to remain motivated as Google faces heightened competition in areas like artificial… Source link

DAVOS, Switzerland — Citi employees working remotely better be cranking on those spreadsheets, because CEO Jane Fraser is assessing the productivity data she is being provided. “You can see how productive someone is or isn’t, and if they’re not being productive, we bring them back to the office, or back to the site, and we give them the coaching they need until they bring the productivity back up again,” Fraser reportedly said at a Bloomberg event this week at the World Economic Forum…. Source link

While Disney (DIS) CEO Bob Iger wages a campaign against proven value creator and activist investor Nelson Peltz, Unilever CEO Alan Jope has embraced the billionaire change agent. Peltz joined the board of consumer products giant Unilever in May 2022 and according to Jope — who has said he will retire in 2023 — has brought “all kinds of good ideas” to the company since then. “His view on what the company needs to do is very aligned with the agenda that we’re working on,” Jope told Yahoo… Source link

DAVOS, Switzerland — Bank of America (BAC) CEO Brian Moynihan is pushing back on the view held by some investors that the Federal Reserve will slash interest rates in 2023 to jumpstart a potential recessionary U.S. economy. “They may leave [rates] higher for longer just to make sure they squeeze out that services-side inflation,” Moynihan told Yahoo Finance at the World Economic Forum (WEF) on Tuesday. Moynihan pointed out that his research team is expecting a “mild” recession this year…. Source link

DAVOS, Switzerland — Bank of America (BAC) CEO Brian Moynihan is pushing back on the view held by some investors that the Federal Reserve will slash interest rates in 2023 to jumpstart a potential recessionary U.S. economy. “They may leave [rates] higher for longer just to make sure they squeeze out that services-side inflation,” Moynihan told Yahoo Finance at the World Economic Forum (WEF) on Tuesday. Moynihan pointed out that his research team is expecting a “mild” recession this year…. Source link

CEOs may be less cheery than usual as they sip crisp Davos spring water and eat pricey sustainably-raised fish at this year’s World Economic Forum (WEF). PwC’s global CEO survey, which polled 4,410 CEOs in 105 countries and territories in October and November 2022, found that 73% of CEOs believed global economic growth will decline over the next twelve months. The survey was released as the WEF kicks off. “The bleak CEO outlook is the most pessimistic CEOs have been regarding global economic… Source link

McDonald’s (MCD) former CEO Stephen Easterbrook agreed to repay more than $52.7 million in a settlement with the U.S. Securities and Exchange Commission over investor fraud allegations. The agency alleges that Easterbrook defrauded the company’s investors by lying about sexual relationships with company subordinates while he was CEO, resulting in a separation compensation that he should not have received because of the alleged fraud. The conflict — that the company at the time said was… Source link

By Jeffrey Dastin and Uday Sampath Kumar (Reuters) -Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s e-commerce and human resources organizations, he said. The cuts amount to 6% of Amazon’s roughly 300,000-person corporate workforce and represent a… Source link