Latest Corporate management News

Bed Bath & Beyond CEO ousted after another dour quarter

Jun. 29, 2022 17:41 PM EDT

Bed Bath & Beyond's CEO was ousted Wednesday as the home goods retailer struggles to figure out what people want to buy. Board member Sue Gove will take over as interim CEO, the company said Wednesday, replacing Mark Tritton. Bed Bath & Beyond hired Tritton in late 2019....

Big 12 picks Roc Nation's Brett Yormark as next commissioner

Jun. 29, 2022 11:44 AM EDT

DALLAS (AP) — Brett Yormark, an executive with Jay-Z's Roc Nation and former CEO of the Brooklyn Nets, was named Big 12 commissioner Wednesday, another unconventional hire by a major conference amid the rapidly changing landscape of college athletics. Yormark is taking over for Bob...

Yacht of wealthiest Russian oligarch docked in haven Dubai

Jun. 28, 2022 12:16 PM EDT

DUBAI, United Arab Emirates (AP) — The man considered to be the wealthiest oligarch in Russia, who has been photographed playing ice hockey with President Vladimir Putin, joins a growing list of those transferring — or, sailing — their prized assets to Dubai as the West tightens its massive...

GE CEO Culp to lead company's aviation unit

Jun. 27, 2022 11:15 AM EDT

General Electric Chairman and CEO Larry Culp is taking on the additional role as the top executive at the company's aviation business. Culp eight months ago engineered the break up of the conglomerate in which it would spin off its health care and energy divisions, with the aviation...

Solidarity behind Ukraine's Russia fight atop summit agendas

Jun. 24, 2022 14:06 PM EDT

WASHINGTON (AP) — Back-to-back world leader summits in Europe opening this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia's invasion and overcoming Turkey's opposition to NATO membership for Finland and Sweden. The Group of Seven leading...

Exec returns to Toyota as adviser after '15 arrest in Japan

Jun. 23, 2022 06:34 AM EDT

TOKYO (AP) — An American executive who resigned from Toyota after being arrested in Japan in 2015 on suspicion of drug law violations is back at the Japanese automaker, the company said Thursday. Julie Hamp has been hired by Toyota Motor Corp.'s North American operations to support...

Head of California wildfire victim trust fund resigns

Jun. 22, 2022 21:42 PM EDT

SACRAMENTO, Calif. (AP) — The head of a trust established to pay billions of dollars to victims of wildfires caused by Pacific Gas & Electric equipment is resigning even as payouts continue to lag. John Trotter, a retired California appellate court judge, announced Tuesday that...

2 Black executives leave Amazon amid changes in leadership

Jun. 21, 2022 18:30 PM EDT

Two Black executives at Amazon are leaving the company, the e-commerce juggernaut confirmed Tuesday, hours after CEO Andy Jassy named a new head for the company’s troubled retail business. Alicia Boler Davis, a senior vice president who oversees the company’s warehouses, and...

Elon Musk's $44 billion Twitter deal gets board endorsement

Jun. 21, 2022 09:20 AM EDT

NEW YORK (AP) — Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk reiterated his desire to move forward with the acquisition last...

Title IX propelled women from college courts to CEO offices

Jun. 20, 2022 17:56 PM EDT

With the 50th anniversary of Title IX on the horizon, here's a look at some of the women who played college sports thanks to the law and capitalized on the opportunity off the field. Some women have used the competitive skills learned playing sports to become chief executive officers, commissioners...