Latest Corporate management News

Founder's daughter named chair of fashion giant Inditex

Nov. 30, 2021 06:52 AM EST

MADRID (AP) — The daughter of the founder of Spanish clothing company Inditex, which owns Zara, Massimo Dutti and other fashion chains, has been named as the company's next chairperson. woman, the company said Tuesday. Inditex’s board of directors named Marta Ortega...

New Twitter CEO steps from behind the scenes to high profile

Nov. 29, 2021 19:03 PM EST

Newly named Twitter CEO Parag Agrawal has emerged from behind the scenes to take over one of Silicon Valley's highest-profile and politically volatile jobs. But his prior lack of name recognition coupled with a solid technical background appears to be what some big...

New variant cause for concern, not panic, Biden tells US

Nov. 29, 2021 17:47 PM EST

WASHINGTON (AP) — President Joe Biden called the new coronavirus variant omicron a cause for concern but “not a cause for panic" Monday and said he was not considering any widespread U.S. lockdown. He urged Americans anew to get fully vaccinated, including booster shots, and return to...

Twitter CEO steps down, leaves company at a crossroads

Nov. 29, 2021 17:47 PM EST

Jack Dorsey is out of his post as Twitter’s chief executive for the second time in his career — this time, he says, by choice. Dorsey, who co-founded the company, offered no specific reasons for his resignation Monday beyond an abstract argument that Twitter, where...

Prime Automotive settles suit, selling dealerships for $880M

Nov. 24, 2021 09:14 AM EST

BOSTON (AP) — Massachusetts-based Prime Automotive Group has signed a $30 million settlement with ex-CEO David Rosenberg, who was fired after raising concerns about financial wrongdoing. The settlement last week cleared the way for Group 1 Automotive Inc. of Houston to...

Tennessee corrections leader to join criminal justice group

Nov. 24, 2021 04:07 AM EST

NASHVILLE, Tenn. (AP) — Tennessee Department of Correction Commissioner Tony Parker plans to join a nonprofit based on criminal justice reform next year after he leaves his state post. According to a 4th Purpose Foundation news release, Parker will join the...

Questions remain about GOP's election 'investigation'

Nov. 23, 2021 19:14 PM EST

HARRISBURG, Pa. (AP) — Many questions remain unanswered Tuesday as to what Republicans in Pennsylvania's Senate can accomplish from what they call a “forensic investigation" into last year's presidential election now that they have hired a contractor that has not pointed to any experience...

Fernandez's son will replace her in Arizona House

Nov. 22, 2021 18:34 PM EST

YUMA, Ariz. (AP) — The son of a former Democratic lawmaker has been appointed to replace her in the Arizona House of Representatives. The Yuma County Board of Supervisors on Monday picked Brian Fernandez of Yuma to replace former Rep. Charlene Fernandez, who resigned...

Top 2 Pennsylvania school pension system execs out of jobs

Nov. 22, 2021 14:30 PM EST

HARRISBURG, Pa. (AP) — The top two executives at Pennsylvania’s largest public pension system will leave their jobs under resolutions approved by the system's board Thursday, amid two federal investigations into the agency and calls by board members for their resignations over lackluster...

Ex-Arizona CEO of care facilities gets 3 years probation

Nov. 19, 2021 19:27 PM EST

PHOENIX (AP) — Arizona Attorney General Mark Brnovich says the former head of a company that operates residential health and care facilities for vulnerable children and adults around Arizona has been sentenced to three years of supervised probation. The Friday...