Disney Ousts Bob Chapek, Robert Iger Returns as CEO

Business Iger returns to the entertainment company he left only late last year

Elon Musk, Tesla Board Members to Defend CEO’s Pay in Court

Elon Musk, Tesla Board Members to Defend CEO’s Pay in Court

Elon Musk Sold $4 Billion More Worth of Tesla Stock. The Timing Is Odd.

Investors were waiting for stock sales from Tesla CEO Elon Musk, guessing he needed to sell more shares to finish his Twitter purchase. He sold more stock, but it happened after the Twitter deal closed. Musk disclosed the sale of 19.5 million shares of Tesla (ticker: TSLA), or about $3.95 billion of it, in 38 … Read more

TuSimple Fires CEO Xiaodi Hou Amid Federal Probes

TuSimple Fires CEO Xiaodi Hou Amid Federal Probes

Peloton Co-Founder John Foley Faced Repeated Margin Calls From Goldman Sachs as Stock Slumped

John Foley, the co-founder and former chief executive of Peloton Interactive faced repeated margin calls on money he borrowed against his Peloton holdings before he left the fitness company’s board last month, according to people familiar with the situation. As Peloton’s shares slumped over the past year, Goldman Sachs Group asked Mr. Foley several times … Read more

Peloton to Cut Another 500 Jobs. CEO Says It Has 6 Months to Turn Around.

Peloton Interactive has another six months to turn itself around or it likely won’t be a viable standalone company, according to its own CEO. Barry McCarthy made the comments in an interview with The Wall Street Journal, also revealing plans to cut another 500 jobs.

Banker bonus cap: Going, going, gone?

New chancellor Kwasi Kwarteng is drawing up plans to ditch the UK banker bonus cap as part of plans for a ‘Big Bang 2.0’ to reinvigorate the City after Brexit. The timing could be better. The British public has barely forgiven bankers for the 2008 financial crisis, and dangling bigger banker bonuses during a cost-of-living crisis … Read more

Bed Bath & Beyond Confirms Death of CFO Gustavo Arnal

By Ginger Adams Otis and Ryan Felton Updated Sept. 4, 2022 4:40 pm ET Listen to article (1 minute) Bed Bath & Beyond said Chief Financial Officer Gustavo Arnal died on Friday. The home-goods retailer didn’t immediately respond to requests for comment on the circumstances of Mr. Arnal’s death.

Starbucks Names Laxman Narasimhan New CEO

Starbucks named as its new CEO consumer products executive Laxman Narasimhan, months after former head Howard Schultz temporarily took over to steer the coffee giant through rising costs, a unionization push and challenges overseas. Mr. Narasimhan, 55 years old, has served as chief executive of the maker of Lysol and Enfamil baby formula, U.K.-based Reckitt … Read more

Helena Morrissey: The City’s ‘Big Bang 2.0’ hasn’t gone far enough

Baroness Helena Morrissey has been an executive at multiple asset managers and is a noted City diversity campaigner The long-awaited Financial Services and Markets Bill was finally introduced to parliament just ahead of the summer recess. At more than 330 pages, it is the biggest financial services legislation package in more than two decades. The bill … Read more