Latest Corporate management News

W&M president, other top leaders taking pay cuts

Aug. 15, 2020 11:18 AM EDT

WILLIAMSBURG, Va. (AP) — Top leaders at the College of William & Mary are taking pay cuts in response to financial uncertainty related to the COVID-19 pandemic. President Katherine Rowe will ask the governing board of the Williamsburg school to decrease her compensation by 15% through the end of 2020,...

New Mexico retirement board to study investment policies

Aug. 14, 2020 6:29 PM EDT

ALBUQUERQUE, N.M. (AP) — Policies that guide pension investments for New Mexico teachers and other educational retirees would have to change if the Educational Retirement Board wants to divest in private prison companies or other individual stocks it disapproves of for social reasons, legal and fiscal...

Longtime president of Vermont's Sugarbush is retiring

Aug. 13, 2020 9:41 PM EDT

WARREN, Vt. (AP) — The longtime president of Vermont’s Sugarbush ski resort is retiring, the resort announced Thursday. The resort said that Win Smith, the current president and chief operating officer of Sugarbush, will continue as an advisor to the current leadership team. Smith will be replaced...

FILE - This Jan 22, 2020, file photo shows a Ravn Connect airplane landing at the airstrip in Toksook Bay, Alaska. The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants $250,000 in bonuses to be awarded to its chief executive and other employees. Alaska Public Radio reported that RavnAir Group filed the request Tuesday, Aug. 11, 2020 in Delaware bankruptcy court. (AP Photo/Mark Thiessen, File)

Bankrupt Alaska airline seeks bonus for its chief executive

Aug. 13, 2020 6:27 PM EDT

ANCHORAGE, Alaska (AP) — The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees. Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court,...

This wanted poster, provided by the German police on Wednesday, August 12, 2020, shows Jan Marsalek, the former 'Wirecard' chief operating officer. German investigators are appealing for the public’s help in tracking down the former chief operating officer of bankrupt payment company Wirecard who is facing allegations of fraud and other charges. Federal police issued a wanted poster for Jan Marsalek, saying the 40-year-old Austrian is suspected to have fled Germany after learning authorities were after him. (BKA via AP)

German investigators appeal for help finding tech executive

Aug. 13, 2020 9:14 AM EDT

BERLIN (AP) — German investigators are appealing for the public's help in tracking down the former chief operating officer of bankrupt payment company Wirecard who is facing allegations of fraud and other charges. Federal police issued a wanted poster late Wednesday for Jan Marsalek, saying the...

FILE - In this Sept. 7, 1999 file photo, Viacom Chairman Sumner Redstone smiles during the announcement of a merger between CBS and Viacom in New York.  Redstone, the strong-willed media mogul whose public disputes with family members and subordinates made him a feared operator in Hollywood, died Wednesday, Aug. 12, 2020.  (AP Photo/Suzanne Plunkett)

Sumner Redstone, who built media empire including CBS, dies

Aug. 12, 2020 12:16 PM EDT

Sumner Redstone, who joined his family's drive-in movie chain in the 1950s and used it to build a vast media empire that included CBS and Viacom, has died. He was 97. Under his watch, Viacom became one of the nation’s media titans, home to pay TV channels MTV and Comedy Central and movie studio Paramount...

Denver transit board rejects resolution to replace security

Aug. 11, 2020 9:04 PM EDT

DENVER (AP) — The Denver-metro transit system voted against a resolution to replace security with social workers on Tuesday. The resolution lost in a 14-1 vote in the Regional Transportation District's publicly elected board of directors. RTD operates throughout most counties in Denver, Aurora and Boulder....

FILE - In this Aug. 17, 2017 file photo, Emilio Lozoya, former head of Mexico's state-owned oil company Pemex, gives a press conference in Mexico City. On Feb 2020, Spanish police arrested Lozoya in southern Spain. Mexico had been pursuing Lozoya through Europe for months over allegations of an illegal contract while he was at Pemex. (AP Photo/Gustavo Martinez Contreras, File)

Mexico probing alleged bribes in ex-president's campaign

Aug. 11, 2020 7:26 PM EDT

MEXICO CITY (AP) — The Mexico Attorney General's Office said Tuesday it is investigating allegations that former President Enrique Peña Nieto partially funded his 2012 election campaign with bribes from the Brazilian construction company Odebrecht, which has admitted to involvement in widespread...

FILE - In this Feb. 5, 2020 file photo, Dhivya Suryadevara, executive vice president and Chief Financial Officer of General Motors, visits the trading floor of the New York Stock Exchange.  Suryadevara is leaving the automaker for the same position at Silicon Valley’s hottest startup, the software and mobile payment company Stripe.  (AP Photo/Richard Drew, File)

Rising star in Detroit departs suddenly for Silicon Valley

Aug. 11, 2020 6:36 PM EDT

SILVER SPRING, Md. (AP) — The chief financial officer at General Motors, Dhivya Suryadevara, is trading Detroit for Silicon Valley in a surprise departure to join the payments startup Stripe. A rising star in the auto sector, Suryadevara became GM's first female CFO in 2018 at the age of 39, and quickly...

Federal utility board to review CEO pay amid Trump complaint

Aug. 11, 2020 2:06 PM EDT

CHATTANOOGA, Tenn. (AP) — A federal utility’s board plans to review its CEO pay amid ongoing criticism from President Donald Trump, the board's chairman said Monday. Tennessee Valley Authority interim board chairman John Ryder told the Chattanooga Times Free Press the board will look at the...