An increasing number of current and former CEOs have issued warnings about an increase in retail thefts across the United States, which could trigger higher prices and locations to close. “Today, this thing is an epidemic. It’s spreading faster than COVID,” former Home Depot CEO Bob Nardelli told Fox News on Thursday. “The degree of severity…
Growing Number of CEOs Issue Warnings About Retail Theft ‘Epidemic’ Across US
Twitter’s Ex-CEO Jack Dorsey Says Will Not Retake Role
Former Chief Executive Officer of Twitter Jack Dorsey said on Wednesday that he will not accept the position of CEO of Twitter. When asked by a Twitter user if he would accept the position as Twitter CEO, he replied “nope.” …
Unilever CEO Set to Leave After GSK Debacle, Arrival of Activist Investor
Unilever said CEO Alan Jope would retire at the end of 2023, announcing the move less than a year after a bungled attempt to buy GSK’s consumer healthcare business, and two months after activist investor Nelson Peltz joined the board. The British consumer products maker said its board would start a formal search for a…
Shell CEO to Step Down as Oil Giant Shifts Energy Focus
LONDON—Shell CEO Ben van Beurden is stepping down at the end of 2022 after nine years in charge, the energy giant said Thursday, a change that comes as oil and natural gas companies are under pressure to shift away from fossil fuels even as they see soaring profits from high energy prices. Taking over Jan….
Former CEO Pleads Guilty in $21 Million Crypto Fraud Scheme, Wants to Give Money Back to Investors
The CEO of Titanium Blockchain Infrastructure Services Inc (TBIS), a purported cryptocurrency investment platform, pleaded guilty on July 22 to his role in a cryptocurrency fraud scheme, the Department of Justice (DOJ) announced. Michael Alan Stollery, 54, of Reseda, California, was the CEO and founder of TBIS, which was founded in 2017. Prosecutors said that Stollery pleaded guilty to one count…
China Evergrande CEO, CFO Resign Amid Probe Into Subsidiary
July 23, 2022
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NEW YORK—Struggling Chinese real estate developer China Evergrande has announced that its chief executive and chief financial officer have resigned after initial findings in a probe found $2 billion belonging to its property unit subsidiary was redirected back to the group. The news, announced Friday, comes as the company is already saddled with $310 billion…
Billionaire CEO Warns About Food Prices, Shortages, Expects Peak Prices in September
As fuel prices remain high and the U.S. annual inflation rate reached its highest level in decades, a billionaire CEO warned that Americans should be more concerned with rising food prices. In an interview with Fox Business, United Refining Company and Gristedes CEO John Catsimatidis uttered similar worries as BlackRock CEO Larry Fink, who recently cautioned…
‘Plan for the Worst’: CEO Confidence Wanes As Corporate America Prepares For Recession
CEO confidence in the U.S. economy is waning as survey results and comments from top executives suggest a dim outlook. The Conference Board’s second-quarter measurement of CEO sentiment revealed that 57 percent anticipate the economy to go through a “very short, mild recession.” This represented the fourth consecutive quarter of declining expectations. According to the…
Nestle CEO Does Not See ‘Significant’ Baby Formula Shortages Outside US
May 30, 2022
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ZURICH—Nestle does not expect “significant infant formula shortages” in other markets the Swiss food maker serves outside the United States, Chief Executive Mark Schneider said in an interview Monday. “This was very much a domestic situation caused by the outage of a large facility in the U.S.,” Schneider said, after a shortage hit the U.S….
Majority of US CEOs See ‘Bleak’ Outlook, Expect a Recession Ahead: Survey
A survey of CEOs found that executives of major firms are now expecting a recession in the near future, according to the Conference Board measure of CEO sentiment released Wednesday. About 57 percent of respondents expect inflation to come down “over the next few years,” while noting that the economy will suffer a “mild recession” that…
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