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Tag: Management

  • Amazon plans to lay off another 9,000 employees

    Chief Executive Andy Jassy said in a statement that the company has added a significant number of employees in recent years, a move he defended as necessary given what was happening in Amazon’s business at the time. “Given the uncertain economy we live in, and the uncertainty that exists for the foreseeable future, we have […]

  • JPMorgan CEO Jamie Dimon leads efforts to create new First Republic Bank Rescue Plan

    Discussions, while tentative, focused on how the industry could arrange an investment that would bolster the bank’s capital, according to people familiar with the matter. One of the options on the table, people said, is an investment in First Republic by the banks themselves. Eleven major banks joined forces last week to deposit $30 billion […]

  • US threatens ban if TikTok’s Chinese owners don’t sell stakes

    WASHINGTON — The Biden administration is demanding that TikTok’s Chinese owners sell their shares in the video-sharing app or risk a potential U.S. ban on the app, according to people familiar with the matter. The move represents a major policy shift on the part of the government, which has come under fire from some Republicans […]

  • FDIC transfers all deposits from Silicon Valley Bank to the newly established bridge bank

    The Federal Deposit Insurance Corp. said Monday it transferred all deposits, both insured and uninsured, from the former Silicon Valley Bank to a newly created full-service FDIC-managed bridge bank in a move that aims to protect all of the bank’s depositors. The move comes after the regulator closed the bank and its 13 branches on […]

  • DocuSign shares fall as investors see near-term ‘turbulence’ of reorganization

    Published: March 10, 2023 at 1:55 PM ET Shares of DocuSign fell Friday after Wall Street said an ongoing reorganization of the electronic signature company is likely to create turbulence in the near term, even if it beat expectations for the quarter. DocuSign DOCU shares fell as much as 20% to an intraday low of […]

  • Boeing board denies CEO David Calhoun a performance bonus

    The aircraft manufacturer from Arlington, Va. has said the large wide-body aircraft will not be delivered to customers until 2025. service by the end of 2023, while ramping up production and deliveries. “It is clear that this goal will not be met, albeit for reasons largely beyond Mr. Calhoun’s control,” Boeing said in its annual […]

  • Healthcare CEO is being charged with illegal stock sales in prearranged transactions

    The founder of telehealth provider Ontrak Inc. OTRK -0.16% was charged in a first-of-its-kind insider trading criminal, with prosecutors alleging that he sold millions of dollars worth of stock while abusing a trading scheme that executives normally use to protect themselves from such suspicions. Ontrak Chief Executive Terren Peizer set up pre-agreed trading plans in […]

  • Goldman is considering downsizing its consumer business

    Goldman Sachs is exploring alternatives as it works to make specialty lender GreenSky and its credit card partnerships profitable. Photo: Lucas Jackson/REUTERS Updated February 28, 2023 at 9:03 AM ET Goldman Sachs group Inc. GS -0.41% Chief Executive David Solomon said Tuesday that the bank is “considering strategic alternatives” for its consumer platform business, including […]

  • Hedge Fund seeks impeachment of Union Pacific CEO

    Hedge fund Soroban Capital Partners is pushing Union Pacific under pressure Corp. UNP 0.36% to replace Chief Executive Lance Fritz, arguing that the railroad has performed under his watch, according to a letter the fund sent to the railroad operator’s board on Sunday. Soroban is a longtime investor in Union Pacific, one of the company’s […]