Greg Abel is now the boss at Berkshire Hathaway. He took over from Warren Buffett, who ran the company for a very long time. Abel is 63 years old. He has been with Berkshire since 2000. Before that, he was the CEO of MidAmerican, a utility company. At Berkshire, he helped turn MidAmerican into a bi
Saks Global is making big changes at the top. The company has a new CEO, Richard Baker, who is also keeping his role as executive chairman. This move comes as the luxury retailer is reportedly getting ready to file for bankruptcy. Marc Metrick, who has been with Saks for 30 years, is leaving to expl
CES, the big tech show in Las Vegas, is no longer just about weird gadgets. It's becoming a major event for artificial intelligence. This year, Nvidia's CEO, Jensen Huang, will kick things off with a big speech. He's expected to talk about how AI will change industries like healthcare, cars, and man
Chip Wilson, the guy who started Lululemon, is making waves again. He's trying to shake up the company's board by nominating three new directors. This comes just after the company's CEO stepped down, leaving no clear plan for who's next in line. Lululemon's been having a tough time lately. Its stoc
General Motors (GM) is having a stellar year in the stock market. As of the last trading day, its shares have climbed over 55%, reaching an all-time high of more than $80 per share. This is the best performance since the company's comeback after bankruptcy in 2009. Several things are fueling this g
In a surprising turn of events, workers at a Louisiana-based company received a massive bonus just before the holidays. This generous act came after the sale of the company, Fibrebond, to Eaton for a staggering $1. 7 billion. The outgoing CEO, Graham Walker, decided to share 15% of the sale's profit
Gen Z is facing a tough job market, but CEOs from big companies like Amazon, Walmart, and McDonald's have some advice to help young people succeed. Julie Sweet, CEO of Accenture, says curiosity is a big deal. She didn't follow the usual path to become CEO, but she embraced uncertainty and said yes
FAT Brands and its former top bosses are in talks to settle a big money mess with the SEC. The issue? They allegedly used company funds to bankroll the CEO's fancy lifestyle. This isn't just about bad decisions; it's about breaking the rules. The SEC claims that between 2018 and 2020, the company lo
The stock market had a busy day, with the Dow Jones Industrial Average going up. This rise was partly because of Nike, which saw a big jump. Why? Because the CEO of Apple, Tim Cook, decided to buy a lot of Nike stock. This news got people excited, and Nike's stock price went up. But what does this
In the early hours of a Thursday, Intel's CEO, Lip-Bu Tan, faced an unexpected challenge: a public attack from the U. S. President. The president accused Tan of having conflicts of interest due to his past investments in China. This was a surprise to many, as Tan had not been a regular in political
