ceo

Ed Whitacre to Step Down as GM CEO on Sept. 1

During GM's earnings call, Whitacre announced that he'll give up his role as CEO of the country's largest automaker. Daniel Akerson, a GM board member and former chief exec at privately held XO Communications, will assume the top spot.

Hewlett-Packard's Mark Hurd Is Set for Huge Payout

Mark Hurd left HP under a cloud, but thanks to a lavish severance package, his financial future looks sunny. This prompts two fundamental questions: Why did Hurd get such a generous payout? And is it fair?

The Search for Warren Buffett's Successor

A hot topic on Wall Street last week was who would potentially replace the Oracle of Omaha at Berkshire Hathaway when he leaves. The latest candidate? Li Lu, a relatively unknown fund manager whose portfolio has averaged a 24% annual return.

Supervalu Earnings: Grocer's Woes Continue

Grocery chain Supervalu reported a net income of 31 cents per share this morning for the last quarter, which ended May 10, a 40% decline year-over-year. An after-tax charge of 12 cents per share that brought the figure down, but the quarter was still a disappointment.

Being the Brand: CEOs as Corporate Icons

Colonel Sanders pulled it off, and so has Steve Jobs. Yet few companies allow one individual to represent their brand. Why not? The risks are large, and, well, few CEOs are actually good at it.

Wal-Mart's U.S. CEO Is Another Public College Grad

Wal-Mart, the largest company in the world, has had four CEOs, all of them public college alumni, and CEO No. 5, William Simon, continues that run: He's a graduate of the University of Connecticut. The point? You don't need to go to a big-name school to be a big-time success.

BP Taps Mississippi Native to Lead Oil Spill Efforts

BP announced on Wednesday that Bob Dudley has replaced CEO Tony Hayward as the person in charge of the oil giant%u2019s long-term response to capping the leaking deep-water oil well in the Gulf of Mexico and cleaning up the environmental damage.

Will Warren Buffett Take Over Goldman Sachs?

As Goldman gets tangled in more lawsuits and probes, it's looking increasingly like Salomon Brothers in 1991, when top executives resigned in disgrace and Buffett assumed command. Indeed, parallels between the firms are eerily similar.

Fewer CEOs Got Canned in 2009 as Economy Improved

CEOs in corporate America got fired less often in 2009 as profits were lifted by the improving economy. The bad news is that corporate leaders have less time than ever to deliver results before they're booted out, and 2010 may see an increase in CEOs looking for new positions.

Room at the Top: CEOs Depart as Pay Declines

As compensation for chief executives declines for the second straight year in a row, turnover among U.S. corporate leaders starts to rise. While most CEOs stayed put in 2009, departures grew 10% in the first quarter of this year.

Cuomo Files Suit Against Former Bank of America CEO Ken Lewis

New York Attorney General Andrew Cuomo filed a lawsuit accusing Former Bank of America CEO Kenneth Lewis of misleading investors about Merrill Lynch's mounting losses before Bank of America acquired the firm in late 2008. The bank and its former chief financial officer, Joseph L. Price, were also charged.