Tag Archives: CEO

The PC correction and slow growth in the U.S. economy have been a one-two punch to computing giant HP Inc (HPQ). HP saw fiscal fourth-quarter sales fall 11.2% from a year ago, pushed lower by a 26% decline in the number of notebook computer units sold. Meanwhile, desktop unit sales fell 3% in the quarter and consumer printer unit sales fell 4% while commercial gained 5%. HP also revealed a new $1.4 billion cost-cutting plan that will see it shed 4,000 to 6,000 employees by fiscal year… Source link

Thanksgiving gatherings are back, according to the CEO behind the turkey brand Butterball. In a recent interview with Yahoo Finance, Jay Jandrain said, “We’re seeing larger size gatherings now, we’re seeing a resurgence for people to have that Thanksgiving meal” after COVID-19 impacted the past two years, leading many consumers to have smaller groups for holiday gatherings. “Expectation is very high for participation and they are going to be larger groups … They’ll probably be demand for… Source link

Wall Street seems to love this comeback story. Disney (DIS) stock soared early Monday, rising as much as 9% in early trading, after the media giant announced that former CEO Bob Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Wall Street analysts, at first glance, appear optimistic the decision will improve the fortunes for a stock that has lagged… Source link

What’s old is new again at Disney (DIS) — Bob Iger is officially back as CEO. In a shocking turn of events, the media giant announced late Sunday that Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Iger spent more than four decades at Disney, including 15 years as its CEO. According to the company, Iger will serve as CEO for two years, with a… Source link

What’s old is new again at Disney (DIS): Bob Iger is officially back as CEO. In a shocking turn of events, the media giant announced late Sunday that Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after less than three years on the job. Iger spent more than four decades at Disney, including 15 years as CEO. According to the company, Iger will serve as CEO for two years, with a mandate… Source link

Airbnb (ABNB) is betting that a continued economic downturn will provide a tailwind for the travel company to expand its pool of hosts, looking to earn some extra income. In fact, CEO Brian Chesky said he’s already seeing a shift in behavior on the platform, reminiscent of the Great Recession when the company was first founded. “I think this is going to be in some ways similar to 2008,” said Chesky, speaking to Yahoo Finance Live (video above). “A lot of people that weren’t considering… Source link

McDonalds’ customers may be able to order a Big Mac with a side of large fries, and one original glazed Krispy Kreme doughnut in the future. In late October, the two consumer giants kicked off the “unique” partnership. Both McDonald’s and Krispy Kreme are currently conducting a small operations test at nine McDonald’s restaurants in Louisville, KY, and surrounding areas. Krispy Kreme CEO Mike Tattersfield told Yahoo Finance the collaboration is only in its early stages. “It’s really early days,… Source link

When it comes to litigation, it’s surprising the kinds of revelations that come out when someone is under oath. And that includes what’s next for Tesla’s (TSLA) leadership. During testimony yesterday at trial over Elon Musk’s 2018 pay package, Tesla board member James Murdoch testified that Elon Musk has identified someone as a potential successor for his role as CEO at Tesla. “He actually has,” Murdoch said when a plaintiff’s attorney asked him to confirm that Musk has never… Source link

For Polestar (PSNY) CEO Thomas Ingenlath, the EV-maker’s first gross profit as a public company wasn’t the biggest takeaway from Q3. “Main message for me is, we are on track to deliver 50,000 cars this year,” Ingenlath said in an interview with Yahoo Finance. “So the cars are produced, they’re on the way to the customers, and we are cruising to the end of the year, delivering these cars.” Polestar has been able to ramp up, hit its production goals, and also trim its operating… Source link

In 2014, Credit Suisse pleaded guilty to helping thousands of Americans evade taxes and paid a $2.6 billion fine. It also promised to reveal any hidden bank accounts. Credit Suisse has recently come under scrutiny by the U.S. Department of Justice for potentially not complying with that plea agreement, the Wall Street Journal reported last week, citing unnamed sources familiar with the matter. Former Morgan Stanley CEO John Mack, who last month published “Up Close and All In: Life Lessons… Source link