Volkswagen Group CEO Herbert Diess is unfazed about Elon Musk-led Tesla Inc. having built a factory just about 200 kilometers (124 miles) from its home turf Germany. What Happened Musk-led Tesla is ahead of Volkswagen, growing fast and taking more risks than the German legacy automaker, Diess told CBS News’s Lesley Stahl in an interview. “Tesla is quite ahead currently, and…
Tesla’s Giga Berlin Is Just Over 120 Miles From Volkswagen’s Plant—But CEO Diess Isn’t Worried
JPMorgan Mulls Splitting CEO Role With Jamie Dimon Staying as Non-Executive Chair: FT
Last week, in its securities filing, JPMorgan Chase & Co. said a “substantial majority” of investors wanted him to stay on as non-executive chair when he steps down as chief executive. If he does stick around, it will mark the first time JPMorgan will split the roles of chair and CEO since 2006, when Dimon…
WarnerMedia CEO Departs One Week Before Discovery Merger
AT&T Inc. WarnerMedia CEO Jason Kilar stepped down before Discovery, Inc. completed the acquisition of WarnerMedia, Variety reports. The transaction will be complete on April 11. The departure was likely as Discovery chief David Zaslav looked to run the combined company, Warner Bros. Discovery. Kilar became the CEO of WarnerMedia in April 2020, just as it looked…
Russian Banks Need to Be Recapitalized as Losses Loom, VTB CEO Says
April 5, 2022
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Russia’s banks will need a wider recapitalization, Andrey Kostin, CEO of No.2 lender VTB, has told the TASS news agency, with the scale of it to be determined later this year once there is a clearer picture of the losses the sector faces. “I don’t know yet where the capital boost will come from but…
Apple CEO Tim Cook’s Alleged Stalker Agrees to Give up Guns, Stay Away for 3 Years
By Ethan Baron From The Mercury News SAN JOSE, Calif.—A woman accused by Apple of stalking CEO Tim Cook for more than a year—emailing him photos of a loaded pistol and traveling across the U.S. to trespass at his home—agreed Tuesday in court to stay away from the tech chief, Apple employees and properties, and…
FedEx Corp. Founder Fred Smith Will Step Down as CEO in June
FedEx Corp. said Monday that Fred Smith will step down on June 1 as CEO of the package-delivery company that he founded and be succeeded by the company’s president and chief operating officer. Raj Subramaniam will serve as both CEO and president and Smith will become executive chairman, the package-delivery company said. Smith, 77, started…
5 Starbuck Analysts on Howard Schultz’s Return to C-Suite: ‘Steady Hand’
On Wednesday, Starbucks Corporation CEO Kevin Johnson announced he is retiring after five years in the position. While the coffee retailer searches for a permanent replacement for Johnson, Starbucks founder and former two-time CEO Howard Schultz will return as interim chief executive. Schultz previously served as Starbucks CEO from 1986 to 2000 and then again…
CEO Mom-of-8 Shares How She Manages Her Schedule Amid the ‘Magical Chaos’ of a Big Household
A mom of eight has shared how she stays up on top of her happy family’s manic schedule. From being the CEO of her fashion company to raising her kids and being a basketball coach, she states how she navigates her day with their family motto of service, hard work, obedience, and kindness. Wyoming-born Amanda Barker,…
Japan’s Toshiba CEO Steps Down Amid Restructuring Efforts
TOKYO—Japanese technology giant Toshiba has named a new chief executive as it seeks shareholder approval for a restructuring plan aimed at restoring its reputation and competitiveness. The company said Tuesday that its board had decided Taro Shimada, an executive officer, and corporate senior vice president, would replace Satoshi Tsunakawa as chief executive. Shimada was an…
Lamborghini Hopes for Combustion Engine Future Beyond 2030: CEO
FRANKFURT—Volkswagen’s supercar brand Lamborghini is looking to keep combustion engine vehicles alive beyond the end of the decade, the unit’s Chief Executive Stephan Winkelmann told a German weekly newspaper. “After hybridisation, we will wait to see whether it will be possible to offer vehicles with an internal combustion engine beyond 2030,” he told Welt am…
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