Corporate management

April 17, 2019 - 9:42 am
BERLIN (AP) — The chief executive of ABB is stepping down as the Swiss engineering company undergoes a major overhaul. The company said Wednesday that Ulrich Spiesshofer had agreed with the board of directors to relinquish with immediate effect the role he's held since 2013. Board chairman Peter...
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FILE - In this Jan. 31, 2018, file photo, Tony Rodio, president of Tropicana Entertainment speaks during an interview with the Associated Press in Atlantic City, N.J. Casino giant Caesars Entertainment has appointed a veteran of the gambling industry as its new CEO. The Las Vegas-based company named Rodio as its new leader to replace Mark Frissora, who joined Caesars in 2015 and guided it through bankruptcy reorganization. (AP Photo/Wayne Parry, File)
April 16, 2019 - 7:39 am
NEW YORK (AP) — Caesars Entertainment is appointing a veteran of the Las Vegas Strip as its new chief executive. The casino giant named Tony Rodio as CEO Tuesday. He'll replace Mark Frissora, who guided the company through bankruptcy reorganization after joining Caesars in 2015. The change in...
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In this undated photo provided by Best Buy, the company's chief financial and strategic transformation officer, Corie Barry, poses for a portrait. Best Buy announced that Barry, 43, will become the company's CEO effective June 11, taking over from current CEO Hubert Joly, who will become executive chairman of the board after stepping down. (Best Buy via AP)
April 15, 2019 - 10:46 am
NEW YORK (AP) — The executive credited with reviving a struggling Best Buy is stepping aside. Hubert Joly, 59, is handing leadership of the reinvigorated electronics retailer to longtime executive Corie Barry, 43, as part of the company's succession plan effective June 11. Barry, who is currently...
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April 13, 2019 - 3:11 pm
WASHINGTON (AP) — A federal investigation found a "severe and pervasive" culture of entrenched sexual harassment inside a company run by one of President Donald Trump's nominees to head a prominent federal agency. The Labor Department report of January 2018 makes a harsh assessment of the internal...
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A Boeing 737 MAX 8 airplane being built for Spain-based Air Europa rolls toward takeoff before a test flight, Wednesday, April 10, 2019, at Boeing Field in Seattle. Flight test and other non-passenger-bearing flights of the plane continue in the Seattle area where the plane is manufactured, as a world-wide grounding the the 737 MAX 8 continues, following fatal crashes of MAX 8's operated by Ethiopian Airlines and Lion Air. (AP Photo/Ted S. Warren)
April 11, 2019 - 1:43 pm
DALLAS (AP) — Boeing's CEO says crews have made 96 flights to test a software update for its troubled 737 Max jet and will make more in coming weeks as the company attempts to convince regulators to let the plane fly again. Dennis Muilenburg also said Thursday that the company has met with pilots...
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FILE - In this June 13, 2012, file photo JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, testifies on Capitol Hill in Washington. The heads of some of the U.S.’ largest banks including Dimon will appear in front of Congress on Wednesday, April 10, 2019, for a hearing. (AP Photo/J. Scott Applewhite, File)
April 10, 2019 - 7:57 am
The Latest on the appearance of U.S. bank CEOs before Congress (all times local): 10:55 a.m. One former top bank executive seems pretty happy he doesn't need to appear in front of Congress anymore. "Boy, I really miss my old job!!!," wrote Lloyd Blankfein, the former CEO of Goldman Sachs, who...
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FILE - In this April 27, 2018 file photo, new Wynn Resort CEO Matthew Maddox speaks to members of the media after a hearing in Boston. Maddox said executive vice president of corporate security James Stern was informed Saturday, April 6, 2019, that the company would "no longer require his services," after he acknowledged spying on employees following allegations of sexual misconduct against company founder Steve Wynn. (AP Photo/Philip Marcelo, File)
April 09, 2019 - 12:46 pm
BOSTON (AP) — Wynn Resorts removed its security chief after he acknowledged spying on a former employee following allegations of sexual misconduct against company founder Steve Wynn came to light. CEO Matthew Maddox said James Stern, the executive vice president of corporate security, was informed...
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Merdian Agustin family of a victim of the Lion Air jet that crashed into the Java Sea talks to journalists during a press conference in Jakarta, Monday, April 8, 2019. More families of victims of the Lion Air crash in Indonesia are suing Boeing Co. after its chief executive apologized last week and said a software update for the MAX 8 jet would prevent further disasters. (AP Photo/Achmad Ibrahim)
April 08, 2019 - 6:38 am
JAKARTA, Indonesia (AP) — More families of victims of the Lion Air crash in Indonesia are suing Boeing Co. after its chief executive apologized and said a software update for the MAX 8 jet would prevent further disasters. Family members and lawyers said Monday that CEO Dennis Muilenburg's comment...
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FILE - In this July 5, 2018 file photo, Cho Yang-ho, the chairman of Korean Air Lines Co., arrives for hearing to review the prosecution's request for an arrest warrant on charge of embezzlement at the Seoul Southern District Court in Seoul, South Korea. Korean Air says on Monday, April 8, 2019, its chairman, Cho Yang-ho, has died in the United States because of an unspecified illness. (AP Photo/Ahn Young-joon, File)
April 08, 2019 - 6:31 am
SEOUL, South Korea (AP) — Korean Air's chairman, whose leadership included scandals such as his daughter's infamous incident of "nut rage," has died due to illness, the company said Monday. Cho Yang-ho had been indicted on multiple charges, including embezzlement and tax evasion, and his death came...
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In this photo released by Nissan Motor Co., Nissan Chief Executive Hiroto Saikawa, center, speaks at the company's shareholders' meeting in Tokyo Monday, April 8, 2019. Nissan shareholders approved on Monday the ouster from the Japanese automaker's board former Chairman Carlos Ghosn, who faces allegations of financial misconduct. (Nissan Motor Co. via AP)
April 08, 2019 - 3:31 am
TOKYO (AP) — Nissan's shareholders ousted the automaker's former chairman Carlos Ghosn from its board on Monday, seeking to shut the door on an era capped by scandal. More than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting and signaled their approval...
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