Latest Corporate management News

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...

Starbucks head of North America business leaving company

Jun. 19, 2022 18:05 PM EDT

SEATTLE (AP) — Rossann Williams, Starbucks’ North America president who's been a prominent figure in the company's push against worker unionization, is leaving the company after 17 years. In a letter sent to Starbucks employees, whom the company calls “partners,” chief...

SpaceX reported to fire employees critical of CEO Elon Musk

Jun. 17, 2022 19:29 PM EDT

HAWTHORNE, Calif. (AP) — SpaceX, the rocket ship company run by Tesla CEO Elon Musk, has fired several employees involved in an open letter that blasted the colorful billionaire for his behavior, according to media reports. The reports published Friday cited an email from Gwynne...

US sanctions Nicaraguan gold mining firm over ties to Russia

Jun. 17, 2022 12:58 PM EDT

WASHINGTON (AP) — The U.S. imposed sanctions Friday on Nicaragua’s state-owned gold mining company and the president of its board of directors in part over the Central American nation's ties to Russia. The sanctions were imposed against the Nicaraguan Mining Co., known by the...

Vince McMahon will step down during WWE misconduct probe

Jun. 17, 2022 11:11 AM EDT

Vince McMahon is stepping down as CEO and chairman of WWE during an an investigation into alleged misconduct involving the longtime leader and public face of the organization. McMahon will continue to oversee WWE’s creative content during the investigation, World Wrestling...