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by Jerome TAYLOR / Elaine YU Agence France Presse HONG KONG, China (AFP) — Cathay Pacific announced the shock resignation on Friday of its CEO Rupert Hogg, compounding a torrid week for the Hong Kong carrier after it was excoriated by Beijing because some staff supported pro-democracy protests. The 72-year-old airline has been left reeling after it became ensnared in the hardening of rhetoric from the communist mainland over ten weeks of anti-government protests […]
The CEO Summit 2019 that will happen at the Shangri-La at the Fort, Bonifacio Global City in Manila on May 29-30, 2019 will focus on a 4-point agenda designed to address challenging issues faced by businesses today. The 4-point agenda: Leadership Legacy and Strategy, Value Chain, Risk and Crisis and Mergers and Acquisitions are expected to prepare a new breed of decision makers as they make their companies ready for globalization, digital transformation, unprecedented competition […]
NEW YORK, United States (AFP) — The CEO of American clothing and lingerie brand Victoria’s Secret has resigned amid flagging sales and controversy around a lack of diversity at the line’s iconic annual fashion show, a source said Wednesday. A source familiar with the matter said CEO Jan Singer, who had been in the position since September 2016, would leave the company, but did not specify when. American media outlets had reported the move without […]
Public accountant who “certified” Rappler financial statements also a no-show By Moira Encina Eagle News Service Rappler Chief Executive Officer Maria Ressa and treasurer James Bitanga were no-shows in the Department of Justice hearing on the P133-million tax evasion case filed against Rappler Holdings Corporation by the Bureau of Internal Revenue, on Tuesday, April 19. Public accountant Noel Baladiang of R.G. Manabat and Company was also a no-show in the hearing that marked the start of […]
ASPEN, United States (AFP) — Qualcomm chief executive Steve Mollenkopf said Monday the chipmaker’s legal war with Apple is about defending his company’s business model, but predicted an eventual out-of-court settlement. “At its core it’s really about the price… what to pay for technology,” Mollenkopf told a forum at the Fortune Brainstorm Tech conference in Aspen, Colorado. “We have contracts and people want to pay less.” But Mollenkopf said the disputes are likely to be […]
WASHINGTON DC, United States (Reuters) – U. S. President Donald Trump met with chief executives of technology companies including Apple and Amazon.com on Monday (June 19) as the White House looks to the private sector for help in cutting government waste and improving information technology services. Major U.S. technology company chief executives sat down with White House senior adviser Jared Kushner and other top Trump administration officials on Monday before meeting with the president The […]
CHICAGO, United States (AFP) — The chief executive of embattled United Airlines unequivocally apologized Tuesday for an incident in which a passenger was dragged off a plane, and promised a “thorough review” of the airline’s practices. The apology came after mounting criticism of the carrier’s actions stemming from a Sunday flight, when a passenger was dragged off a plane and bloodied in the process. The US Department of Transportation promised to investigate the incident. “I […]
SANTA CRUZ, Bolivia (Reuters) — Bolivian authorities detained on Tuesday (December 6) the chief executive of airline LaMia, the owner of the plane that crashed last week in Colombia and killed nearly all of Brazil’s Chapecoense soccer team, prosecutors said. Gustavo Vargas, the chief executive, and two other employees of the tiny Bolivia-based charter airline were taken to a prosecutor’s office in Santa Cruz for up to eight hours of questioning before prosecutors decide if […]
NEW YORK, United States (AFP) — Starbucks chief executive Howard Schultz will step aside as CEO but remain with the company as chairman, the coffee giant said Thursday in a surprise announcement that sent the share price down after hours. Schultz, who helped grow Starbucks from a sleepy chain in Seattle to an iconic global brand, will stay on as executive chairman and chairman of the board. The change is effective April 3. He will hand the reins […]
LOS ANGELES, United States (AFP) — The CEO of a cybersecurity firm in San Diego has resigned after posting on his now-deleted Facebook page threatening comments about President-elect Donald Trump. Matt Harrigan, who founded PacketSled, stepped down on Tuesday after his online postings prompted a backlash and calls for a probe. The company said that it had accepted Harrigan’s resignation after he admitted to posting the online comments on election night November 8 as the […]
(Reuters) – Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies. Amid talk in Washington about corporate tax reform, the study said the seven companies, which in 2013 reported more than $74 billion in combined U.S. pre-tax profits, came out ahead on […]
(Reuters) – Israeli-based software provider Nice Systems said its board will meet on Tuesday to discuss a proposal to appoint Barak Eilam as its new chief executive officer. Eilam, currently president of Nice’s Americas region the past year and a half, would replace Zeevi Bregman, who has been CEO since September 2009. Eilam previously was the head of sales and the general manager of Nice’s Enterprise Group in the Americas. Under his leadership he guided […]
