General Electric Company’s Board of Directors announced its approval of the previously announced spin-off of GE Vernova, clearing the way for the launch of GE Vernova and GE Aerospace. According to GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., both companies will be fully independent, with GE Vernova focusing on the […]
Newstalk broadcaster Anton Savage and three other directors at Dublin-based PR firm, The Communications Clinic, shared €909,125 in pay and pension payments last year. New accounts show that Mr Savage, Eoghan Tomás McDermott, Daragh O’Shaughnessy and Terry Prone shared €882,925 in remuneration and an additional €26,200 in pension payments for 2023. The aggregate pay to […]
A decision by a Delaware judge to throw out Elon Musk’s $56 billion Tesla (TSLA) pay package is a threat to the wealth of the world’s richest man. It also could alter the way CEO compensation is decided at companies across America. “It’s a big deal,” said Cornell University visiting lecturer Brian Dunn, who noted […]
A decision by a Delaware judge to throw out Elon Musk’s $56 billion Tesla (TSLA) pay package is a threat to the wealth of the world’s richest man. It also could alter the way CEO compensation is decided at companies across America. “It’s a big deal,” said Cornell University visiting lecturer Brian Dunn, who noted […]
ANNAPOLIS, Md. (AP) — A Maryland appeals court has thrown out the murder conviction of a daughter of former U.S. intelligence director John Negroponte. Sophia Negroponte, 30, of Washington, D.C., was sentenced last year to 35 years in prison in the 2020 stabbing death of her friend, 24-year-old Yousuf Rasmussen, after a drunken argument. Three […]
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup CEO Jane Fraser held a conference call on Thursday with managing directors to discuss the bank’s sweeping overhaul, according to two sources familiar with the situation, as it eliminated more leadership roles this week. In separate conversations, managers in markets, risk and investment banking were informed they were […]
By Tatiana Bautzer NEW YORK, Jan 18 (Reuters) – Citigroup CEO Jane Fraser held a conference call on Thursday with managing directors to discuss the bank’s sweeping overhaul, according to two sources familiar with the situation, as it eliminated more leadership roles this week. In separate conversations, managers in markets, risk and investment banking were […]
The man in charge of Tesla (TSLA) wants even more control of the company — and CEO Elon Musk is putting public pressure on the company’s board of directors to acquire it. Musk warned earlier this week that for him to steer the all-electric carmaker to become a global leader in artificial intelligence and robotics, […]