Southwest Airlines Co. canceled more than two-thirds of its flights Monday and plans to slash its schedules Tuesday and Wednesday, in a meltdown that stranded thousands of customers and that worsened while other airlines Read more
Tag: Senior Level Management
FTX co-founder Gary Wang, ex-Alameda CEO Caroline Ellison plead guilty to federal charges
On the same day that that the Bahamas extradited FTX co-founder and former CEO Sam Bankman-Fried to the U.S. to face criminal charges, two former executives at FTX and Alameda Read more
Microsoft to buy stake in London Stock Exchange, which commits to spending billions on cloud services
Microsoft on Monday said it was investing in the London Stock Exchange in a deal that will see the stock exchange use the software giant’s data and cloud infrastructure. Microsoft Read more
Ex-Theranos exec ‘Sunny’ Balwani sentenced to nearly 13 years in prison
SAN JOSE, Calif. — A judge on Wednesday sentenced former Theranos executive Ramesh “Sunny” Balwani to nearly 13 years in prison for his role in the company’s blood-testing hoax — Read more
Okta stock jumps 15%, CEO promises profit as sales reps get on same page
Okta Inc. executives on Tuesday said they will report an adjusted profit in the fourth quarter and, in a surprise, predicted profitability for all of next fiscal year, trumping profit Read more
Salesforce co-CEO Bret Taylor leaving, stock falls after lower-than-expected forecast
Salesforce Inc. performed better than expected in the third quarter, but executives issued a fourth-quarter forecast that fell short of expectations on Wednesday and revealed that co-Chief Executive Bret Taylor Read more
DoorDash to lay off 1,250 employees as CEO says costs grew too fast
Food-delivery platform DoorDash Inc. plans to lay off about 1,250 employees, becoming the latest technology company to admit that it grew expenses too rapidly for the current climate. Chief Executive Read more
Barclays CEO C.S. Venkatakrishnan Diagnosed With Non-Hodgkin Lymphoma
By Joe Hoppe Barclays PLC said Monday that Chief Executive Officer C.S. Venkatakrishnan has been diagnosed with non-Hodgkin lymphoma, with treatment expected to last 12 to 16 weeks. The FTSE Read more
Disney shocker: Bob Iger to return as CEO, Bob Chapek ousted
In a stunning reversal, the Walt Disney Co. DIS, +0.38% announced Sunday night that Chief Executive Bob Chapek was out, and will be replaced by his predecessor, Robert Iger. “We Read more
Disney shocker: Robert Iger to return as CEO, Bob Chapek ousted
In a stunning reversal, the Walt Disney Co. DIS, +0.38% announced Sunday night that Chief Executive Bob Chapek was out, and will be replaced by his predecessor, Robert Iger. “We Read more