Tag Archives: Chairman

Touts plans to increase U.S. investments to more than $50 billion by end of 2025 WASHINGTON, Sept. 22, 2022 /PRNewswire/ — SK Group Chairman Tae-won Chey stressed SK’s increasing investments in the U.S. and commitment to advancing sustainability as he hosted officials Wednesday in Washington, D.C., for SK Night. The event, SK’s third SK Night, was held to showcase SK’s growing U.S. presence and strengthen relationships with U.S. stakeholders. SK Group Chairman Tae-won Chey addresses U.S…. Source link

Vince McMahon is retiring from WWE. (Photo by Michael N. Todaro/Getty Images) (Warning: This story contains allegations of sexual misconduct.) Long-time WWE chairman and CEO Vince McMahon is retiring from the company. McMahon, 77, and the company released statements announcing the retirement Friday. McMahon kept the announcement short on Twitter, merely saying it was “time for me to retire.” In a statement released by the company, McMahon called it a privilege to entertain the fans for so many… Source link

Twitter’s board (TWTR) is doing a terrible job handling the Elon Musk situation, said former SEC chairman Harvey Pitt. “I would give Twitter’s board an F,” Pitt said on Yahoo Finance Live. “I believe under the circumstances, they needed to check out whether this was a real bid. If it were a real bid, then they needed to do what was in the best interest of their shareholders. This is a price that hadn’t been seen in quite some time. The number is at least a legitimate frame of reference and… Source link

Since Russia invaded Ukraine on February 24, sports federations and leagues have played a major role condemning Russia’s actions. Russian athletes are currently barred by most Olympic sport federations, FIFA kicked Russian clubs and national teams out of international competitions, and leagues around the world have issued statements of support and organized fundraising efforts for Ukraine. But the Premier Hockey Federation (PHF), a women’s professional hockey league in North America… Source link

By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce greenhouse gases, and improve diversity. The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328 a year earlier, comprising his usual $100,000 salary plus personal and home security. Though Buffett’s… Source link

Beyond disappointing. That’s the overarching theme behind a scathing new note from GameStop Chairman Ryan Cohen to the board of Bed Bath & Beyond (BBBY). The Chewy billionaire turned wanna-be-savior of once proud retail organizations has disclosed a 9.8% stake in Bed Bath & Beyond. Cohen says Bed Bath & Beyond’s execution under CEO Mark Tritton has bordered on terrible, compensation is not realistic and the business should be split up (Buy Buy Baby business sold off) and then sold in entirety… Source link

Federal Reserve Vice Chairman Richard Clarida will leave the central bank two weeks earlier than planned, following increased scrutiny into financial transactions he made in 2020 — while the Fed was taking action to save the U.S. economy. Clarida, who served as the central bank’s No. 2 official on monetary policy efforts through the pandemic, said he will step down from the Fed effective Jan. 14. He was appointed by the Trump administration in September to serve for a term that expired… Source link

The nation’s economic steward said it will back off of using the word “transitory” to describe the fast pace of price increases, as Federal Reserve policymakers acknowledge the increasing risk of more persistent inflation. “We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell told Congress on Tuesday. “I think it’s probably a good time to retire that word and try to explain more clearly… Source link

Federal Reserve Chairman Jerome Powell’s odds at renomination continue to hang in the wind, as the White House works through whether or not they should bring in fresh blood to the head of the central bank. Complicating his path to a second term: a scandal that has engulfed at least three senior Fed officials, centered on big financial bets they made during 2020. Regional Fed Presidents Robert Kaplan and Eric Rosengren stepped down from their roles after reporting revealed bets on real… Source link

The White House is pondering whether or not to take the keys to the U.S. economy away from Federal Reserve Chairman Jerome Powell, with the decision likely boiling down to politics. Powell’s term as Fed chairman expires in February of next year, meaning President Joe Biden would have to decide on Powell’s fate relatively soon in order to give the Senate enough time to proceed with the confirmation process. But calls within the Democratic party are emerging to boot Powell. Politico reported… Source link