Nike, one of the world's most recognized sportswear brands, is taking a fresh stride with the announcement that its CEO, John Donahoe, is stepping down. Donahoe, who has been at the helm since 2020, will retire on October 13, making way for Elliott Hill, a company veteran, to take over the reins. Hi
Stockton Rush, the founder and CEO of OceanGate, has left a trail of controversy and disaster in his wake. Long before the tragic implosion of the Titan submersible in 2023, Rush had already demonstrated a pattern of reckless behavior that would ultimately lead to his downfall. In the summer of 2016
Starbucks has announced the retirement of its North America CEO, Michael Conway, after just five months in the role. This surprise move comes as the company is working to revamp its operations in the face of dwindling demand for its pricey lattes in the US market. The decision has left many wonderin
Imagine being the CEO of a small bank, trusted by your community to manage their hard-earned savings. Now, imagine being coerced into stealing millions of dollars from your own institution to fund a crypto scam, only to end up behind bars for 24 years. This is the shocking story of Shan Hanes, the f
Mark Shapiro, the president-COO of TKO and former ESPN executive, is optimistic about the chances of the Ultimate Fighting Championship (UFC) renewing its deal with ESPN and Disney. He believes that the two companies have a deep understanding of synergy, marketing, and technology, which would benefi
The past week has been filled with notable business news, from CEOs being fired to record-low interest rates and major mergers. Norfolk Southern CEO Alan Shaw was let go after an investigation found he violated company policies by engaging in a consensual relationship with the chief legal officer. T
As lawmakers in Washington turned their focus to the Steward Health Care bankruptcy scandal, it became clear that something was amiss. Despite a subpoena, CEO Ralph de la Torre refused to appear before the Senate Health, Education, Labor, and Pensions Committee, leaving an empty chair in his place.
In a bold move, Sen. Bernie Sanders has threatened to pursue contempt charges against Steward Health Care CEO Ralph de la Torre if he fails to appear at a hearing on Thursday, despite being issued a subpoena. The controversy surrounds de la Torre's alleged mismanagement of the hospital chain, which
The Boeing strike, which began on Friday, is a story about what happens when penny-pinching executives lose the plot and it falls to workers to get everyone back on track. At the heart of the strike is a tale of power, punishment, and pay. Boeing's CEO, with a 45% pay bump to nearly $33 million, has
Stellantis, the multinational automaker born from the merger of Fiat Chrysler and PSA Groupe, is facing an uphill battle to regain its footing in the competitive US market. The company's sales have been declining every year since its peak in 2018, and its CEO, Carlos Tavares, has come under fire fro
