McDonald’s CEO pushed out after relationship with employee

Business 11/03/19, 21:10

McDonald's chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment, and that McDonald's forbids managers from having romantic relationships ...

Vegas tourism board backs $49M Elon Musk transit system

U.S. 05/23/19, 10:48

A company backed by tech billionaire Elon Musk has been granted a nearly $49 million contract to build a transit system using self-driving vehicles underneath the Las Vegas Convention Center.The board of directors of the Las Vegas Convention and Visitors Authority approved the contract Wednesday with The Boring Company, the ...

Tesla wants to cut size of board from 11 directors to 7

Tech 04/20/19, 12:43

Tesla plans to cut its board of directors from 11 to seven in a move the electric-car maker says will allow the board to act more nimbly and efficiently. Tesla says the four directors who will depart aren't leaving because of any disagreement with the company. The board has come under closer ...

California governor criticizes PG&E’s plan for new board

U.S. 03/28/19, 15:47

California Gov. Gavin Newsom said Thursday that Pacific Gas & Electric Corp. plans to remake its board of directors with hedge fund financiers and people who have little experience in utility operations and safety, and he urged the utility's leader to change course."With this move, PG&E would send a clear ...

Fox Corp. begins trading as Disney completion looms

Business 03/19/19, 09:39

Fox Corp., the Fox assets that are not part of Disney's $71.3 billion acquisition of Fox's entertainment assets, began trading as a stand-alone company on Tuesday.The New York company also appointed several people to its board of directors, including former Speaker of the House Paul Ryan and Chase Carey, a ...

Nikki Haley nominated for board seat at Boeing

Business 02/26/19, 12:58

Nikki Haley, the former U.S. ambassador to the United Nations, is being nominated for a seat on the board of directors at Boeing Co. The defense contractor and aircraft manufacturer said Tuesday that Haley will stand for election at its annual shareholder meeting on April 29. Haley was previously the governor of ...

Caesars Entertainment talks with billionaire investor Icahn

Business 02/20/19, 14:03

Caesars Entertainment said Wednesday that it has talked with billionaire investor Carl Icahn, who began pushing for fundamental changes this week after revealing a 10 percent stake in the casino operator.Caesars said it is evaluating Icahn's ideas and will keep listening to the activist investor. The company's comments came a ...

Billionaire Icahn wants Caesars Entertainment to sell itself

Business 02/19/19, 20:22

Billionaire investor Carl Icahn on Tuesday disclosed he has taken a 10 percent stake in Caesars Entertainment and is pushing the casino giant to sell itself.The activist investor said in a filing with the Securities and Exchange Commission that he wants representation on Caesars' board and for the company to ...

Update: Prosecutor to investigate Guaido appointments

America 02/14/19, 12:09

The latest on the political crisis in Venezuela (all times local): 1 p.m. Venezuela's chief prosecutor says he's launched an investigation into opposition leader Juan Guaido's appointment of a transitional board of directors for the state oil company. Attorney General Tarek William Saab said Thursday in a news conference that Guaido's appointments are ...

Guaido seeks to wrest control of Venezuela’s oil company

America 02/13/19, 17:24

Venezuela's opposition-controlled National Assembly appointed a transitional board of directors for the state oil company Wednesday, in a bid by congress chief Juan Guaido to gain control of an industry that is the economic backbone of the country. Guaido, who declared himself interim president of Venezuela on Jan. 23 with the ...

Update: Nissan confirms Ghosn dismissed as chairman

Business 11/22/18, 07:41

The Latest on Japanese automaker Nissan Motor Co.'s chairman Carlos Ghosn and allegations of financial violations against him (all times local):9:40 p.m.Nissan Motor Co. has confirmed that its board of directors voted unanimously to dismiss Carlos Ghosn as its chairman after he was arrested on suspicion of falsifying financial reports ...

Update: Canadian ex-MP Mulroney joins cannabis company

Business 10/17/18, 11:53

The Latest on Canada's legalization of recreational marijuana (all times local):11:45 a.m.Former Canadian Prime Minister Brian Mulroney has joined the board of directors of a U.S. cannabis company.Acreage Holdings announced Wednesday that Mulroney has joined its board. He joins an increasingly long list of politicians getting the pot business. Others ...

Drugmaker Pfizer’s CEO Read to leave in January

Business 10/01/18, 08:18

The biggest U.S.-based drugmaker will change leaders in January when Pfizer Chief Operating Officer Albert Bourla replaces CEO Ian Read, who has led the company for nearly eight years.Pfizer said Monday that Read will become executive chairman of Pfizer's board of directors.The maker of Viagra and the advanced breast cancer ...

A board reshuffle at Rite Aid after 2 failed merger attempts

Business 09/27/18, 08:32

After two failed buyouts, Rite Aid is shuffling its board of directors and dividing power at the top of the drugstore chain.Rite Aid said Thursday that three new, independent directors will be nominated to its board and that CEO John Standley will no longer hold the title of chairman. That ...

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