ceo

RadioShack CEO Gooch Steps Down

RadioShack CEO James Gooch has agreed to step down immediately and is leaving its board of directors. Chief Financial Officer Dorvin Lively will serve as its interim CEO while it looks for a permanent replacement, the company said.

Best Buy CEO Steps Down

Best Buy said Tuesday that it was a mutual decision, and that there were no disagreements with Brian Dunn on any matter relating to operations, financial controls, policies or procedures.

Citigroup CEO Pandit Gets a 14,900,000 Percent Raise

Wall Street's bad bonus year did not extend to Citigroup's c-suite. CEO Vikram Pandit, who said he'd take a salary of $1 until Citi returned to profitability, pulled in nearly $14.9 million this year, and his fellow top officers took home big raises too.

Can Netflix CEO Reed Hastings Bounce Back?

If Netflix's poorly received rate hike and Qwikster fiasco didn't leave you questioning CEO Reed Hastings' ability to lead the video buffet operator, Monday night's quarterly report should do the trick. But it'll take more than strategic missteps and fumbled apologies to send the CEO packing.

Nokia's CEO: Not Much to Toast After First Anniversary

Stephen Elop may be thrilled to have his first year as CEO of Nokia out of the way. After all, in the past 12 months, the struggling mobile-phone maker has seen its share price and market share plummet, and the bad news just keeps coming. But it's too soon to count Elop out.

CEO Shuffle: Three Major Corporate Chiefs Step Down

Announcements made late Wednesday and early Thursday revealed that three large companies -- Wendy's, Costco, and Bank of New York Mellon -- are losing their CEOs. And while the first two cases sound like they'll result in smooth transitions, the third comes as something of a shock.

You've Gotta Be Crazy to Be a CEO. Literally.

Being a chief executive officer of a publicly traded company is good work if you can get it. The job comes with great benefits: power, respect, media attention, and massive paydays. Alas, it's also great work for folks who occasionally exhibit behavior reminiscent of several major psychological disorders.

Reading the Tea Leaves of the Shanghai Composite

The Shanghai Composite is as close to a proxy for public firms in China as investors can get, and indexes are believed to reflect where markets think a nation's economy is headed. So what does it mean that, despite China's white-hot growth, the Shanghai Composite has been seriously lagging the S&P 500?

Starbucks CEO's New Bio: A Venti Fairy Tale?

Howard Schultz, the impulsive and mercurial founder of Starbucks, had already told his story once, in "Pour Your Heart Into It." His new autobiographic tome, "Onward," reveals how he retook control of his company -- and despite his best efforts to paint himself as a benevolent visionary, his many, many flaws shine through.

As TV Sales Lag, Philips Tunes Into Healthcare

Earlier this week, Royal Philips Electronics warned that its television business would post a first-quarter loss. While TV sales have declined, the company says it sees a growing opportunity in healthcare. Greg Sebasky, CEO of Philips's North American operations, discusses the trends driving the growth -- and the challenges ahead.

Are CEOs Worth the High Salaries and Big Bonuses?

CEO bonuses rose 30.5% in the past year, but are the heads of large U.S. firms really earning their hefty compensation packages by creating increased profits and shareholder value? A closer look reveals wide disparities: There are some Bargain CEOs, but also some Hogs and Value Destroyers.

Monthly CEO Departures Fell in February Survey

The number of CEOs departures last month fell 30% to 92, compared to 132 a year ago. February's total was also slightly lower than that of January, when 96 top executives exited their posts, according to job-services firm Challenger, Gray & Christmas.

10 Unusual Things About Steve Jobs

You only get to be an artist like Steve Jobs by turning everything in your life upside down, by making horrible, ugly, mistakes, and by cheating and lying. As I dug deeper into Jobs' life I discovered things about him I could never have imagined.

Will Higher Airfares Ground More Flyers?

Cathay's Tony Tyler explains that when airlines last raised fares in 2008, most travelers kept right on flying. But as Mideast upheavals send oil prices skyward and airlines hike fares again to compensate, the impact on the industry's bottom line could be quite different.

Can Social Media Be Used to Incite Corporate Revolutions?

Social media played a key role in the successful revolutions in Tunisia and Egypt, and more dictatorial regimes are facing protesters who use the Internet as a weapon. But could the power of social networking create similar revolutionary changes in the corporate world?

CEO Departures: In January, 96 Top Bosses Moved Out

Last month, 96 CEO changes were announced by U.S. based companies, reports job-services firm Challenger, Gray & Christmas, among them the heads of Google and Advanced Micro Devices. The number is down 9% from December, but 8% higher than January 2010, when 89 CEOs left their corner offices behind.

Job No. 1 for Larry Page: Halt Google's Brain Drain

When Google co-founder Larry Page replaces Eric Schmidt as CEO, he'll have a host of things to worry about: ad revenues, growth, Facebook, privacy concerns and just how to get the company's rebel groove back. But first on his agenda will have to be reversing the flow of top employees out the door.

What Google's Reshuffle Means for Investors

As Larry Page takes the reins from CEO Eric Schmidt, the questions for investors are: Will Facebook keep gaining on Google? Or will Page steer it back to its original counter-corporate spirit, to embracing risk over short-term profits? Or have the risk-takers gone soft?

Three U.S. Stocks to Buy After China's White House Visit

President Obama brought executives from 13 major U.S. firms to the White House Wednesday to meet with Chinese Premier Hu Jintao. The corporate leaders will surely be angling for better access to China's markets, which could boost their stocks. But only a few are actually good investments now.

Without Steve Jobs, What Kind of Apple Would Carry On?

The company has already proved that it can thrive while the CEO is away. But what's still not clear is whether Apple can remain far more than a tech company once he truly retires. Whose vision can possibly keep Apple the cultural phenomenon that Jobs has made it?

CEOs 'Encouraged' by Business Talks with Obama

The CEOs of 18 big companies, including Google, Boeing and General Electric, met with President Barack Obama to discuss the U.S. economy and the country's international competitiveness Wednesday.

New Year Hurdles: Top 10 Challenges for CEOs in 2011

With the recession over -- in a sense, anyway -- some CEOs are just happy to still be standing. After three years of turmoil, there's even cautious optimism about the year ahead. But for those whose job is to steer a company to profits and growth, there are plenty of worries ahead. Here's our list of top CEO challenges for 2011.

Obama Meeting With 20 Top CEOs

President Barack Obama will meet with 20 top CEOs today as he seeks to improve relations with the business community. The invitation list largely shuns Wall Street in favor of high-flying tech companies. Eric Schmidt of Google (GOOG) will be there, as will Paul Otellini of Intel (INTC), according to CNN.

CEO Departures in November Fall to Year's Lowest Level

Though the job market remains challenging, for one group, the labor market was at its steadiest of the year last month. The number of chief executives departing their jobs fell to 79 in November, the lowest monthly number of 2010, according to job-services firm Challenger, Gray & Christmas.

Undercover Boss Steven Foster Rolls With the Punches

Steven Foster, CEO of upscale bowling chain Lucky Strike Entertainment, was hands down the most easy-going 'Undercover Boss' yet. The hit CBS reality show is still as phony as the toupee he had to wear, but the episode was fun, and Foster, who founded the Lucky Strike, doesn't need to prove anything to anybody.

Private College Presidents Rake in Millions of Dollars

Bernard Lander, founder of Touro College, received compensation of more than $4 million in 2008, making him the top-paid private college president that year. Touro trustees awarded the money to Lander after deciding he had been underpaid during his tenure as president, The Chronicle of Higher Education reported. Lander died in February, aged 94.

Fewer CEOs Headed for the Exit in October

The number of chief executive officers leaving their posts in October fell to its lowest level in 18 months, according to a new report released today. The drop seems to show that the volatile job market, at least among corporate chiefs, appears to be stabilizing.

Occidental Petroleum Names Stephen Chazen as CEO

Occidental Petroleum (OXY) promoted COO Stephen Chazen to the position of CEO, effective May 2011. Chazen will replace Ray Irani, who will continue as full-time executive chairman, the company said in a statement.