Today, Paramount announced Bob Bakish was stepping down from his role as CEO and from its board of directors. The news came amid ongoing exclusive acquisition talks with Skydance Media and ahead of the company's first-quarter earnings call, which Bakish wasn't expected to join. In the CEO's absence, Paramount Global has established an "Office of the CEO," led by George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO of Showtime/MTV Entertainment Studios and Paramount...
Nordstrom’s CEO Erik Nordstrom and President Pete Nordstrom have told the retailer’s board that they’re interested in taking the company private. As a result, the board has formed a special committee of independent and disinterested directors that will evaluate any proposals from those executives and from other parties, the company said in a Thursday (April 18) press release. The […]
American Express CEO Steve Squeri told CNBC's Jim Cramer on Tuesday that Millennial and Gen Z customers made up 60% of new card acquisitions.
Paramount Global Chief Executive Bob Bakish is expected to be ousted from the company, according to two sources familiar with the matter. Bakish's departure comes as Paramount's future hangs in the balance. The company is currently in a 30-day exclusive negotiating period with tech scion David Ellison, whose Skydance Media has teamed up with investment firms RedBird Capital and KKR to acquire Paramount controlling shareholder Shari Redstone's National Amusements holding company. That exclusive...
A century ago, U.S manufacturers were run by engineers. Now leadership suites are distant from factory floors, says journalist Jerry Useem.
Birds of a feather flock together, as the popular saying goes. It seems that this also applies to narcissistic managers, as a research team led by Professor Lorenz Graf-Vlachy from TU Dortmund University has discovered. Narcissistic CEOs are inclined to appoint other narcissists to the management board.
Cook expressed his expectation that the two sides can continue working together toward even greater achievements in the future
Apple's Vision Pro headset is gaining traction, so Meta has opened up its VR operating system to other manufacturers to maintain its lead in a market it previously dominated. Meta Quest 3 As a newcomer in the virtual reality space, Apple's Vision Pro brings with it the formidable reputation of its creator. Established companies like Meta have been on high alert to compete with Apple. The latest move from Meta is the Monday announcement of Meta Horizon OS. It's an attempt to open the...
Apple has acquired the Paris-based artificial intelligence startup Datakalab amid its push to deliver on-device AI tools. Datakalab specializes in algorithm compression and embedded AI systems. The acquisition, finalized on December 17 last year, was quietly conducted but noted in a European Commission filing spotted by French publication Challenges (via iPhoneSoft). While the financial details of the transaction remain undisclosed, the move is almost certainly part of Apple's broader...
23andMe CEO Anne Wojcicki is considering a proposal to take the genetic testing company private.
Mike Roman crossed a lot of billion-dollar items off his to-do list in his
Mike Roman crossed a lot of billion-dollar items off his to-do list in his