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 […]
23andMe CEO Anne Wojcicki is considering a proposal to take the genetic testing company private.
The Eastern Company, Egypt’s leading local tobacco company, has seen remarkable success over the years, with its revenues surging by 54 percent in the second quarter of the fiscal year 2023/2024. During the first two quarters of the financial year 2023/2024, the Eastern Company achieved revenues of EGP 7.9 billion (USD 163.8 million) from 1 July to 31 December 2023. The total profit for this period reached EGP 2.7 billion. In the second quarter of the fiscal year, the Eastern Company recorded...
WEIRTON, W.Va. (WTRF) -- In December, the Pittsburgh-based steel company U.S. Steel agreed to sell the company to Japan’s largest steel manufacturer, Nippon Steel. Now, two U.S. Senators are calling on President Biden to look deeper into this sale and the effects it could have on the country. Just months after U.S. Steel agreed to []
When Lyft CEO David Risher took the helm of the rideshare company from cofounders Logan Green and John Zimmer a year ago, his mandate was clear: create a sustainable business by getting the perennial second-place rideshare company to stop bleeding money. The former Microsoft and Amazon executive laid off more than a quarter of the company’s workforce last April and exited ancillary business lines, such as car rentals. That’s helped Lyft lower the prices of its rides, so they’re in line with...
New Wipro chief executive, Srinivas Pallia who has just completed two weeks at his office, revealed his strategy to revive growth at the fourth-largest IT service major. After taking over the charge, he spoke to media for the first time during the announcement of Q4 earnings.Pallia, who has been with Wipro for over three decades, said, during the Q4 earnings that the building blocks are firmly in place, and he is committed to build on this. “While I remain optimistic about the long term, it is...
The Bilt Rewards founder and CEO and the Rumble Boxing co-founder tied the knot in front of 130 guests, including Robin Thicke and Lance Bass.
Paramount Global CEO Bob Bakish saw his total compensation dip slightly in 2023, to $31.3 million from $32 million in the prior year. The latest figures were disclosed Monday in an SEC filing. The next-highest tally among top execs was for CFO Naveen Chopra, who collected $8 million, up from $6.5 million in 2022. Bakish’s […]
Roku CEO Anthony Wood collected a total pay package of $20.2 million in 2023, according to the company’s latest proxy filing. Charlie Collier, the veteran former TV exec who now leads Roku Media, got $6.8 million. The tally was far below the $53.3 million he took home in 2022, with the bulk of that payday […]
Deadline’s Most Valuable Blockbuster tournament is back. While studios during Covid wildly embraced the theatrical day-and-date model when cinemas were closed, they soon realized there’s nothing more profitable than a theatrical release and the downstreams that come with it. If anything, theatrical is the advertisement for a movie’s longevity in subsequent home entertainment windows. Entering […]
Ken Griffin’s Citadel Securities claimed Devin Nunes would be ‘fired on The Apprentice’ amid stock trading rowThe CEO of Donald Trump’s social media empire was branded a “proverbial loser” whom the former president “would have fired on The Apprentice” by a trading firm owned by the billionaire Republican donor Ken Griffin on Friday.In an extraordinary statement, Citadel Securities accused Devin Nunes, chief executive of Trump Media & Technology Group (TMTG), of trying to deflect blame for the...
Zach Wilson’s mother, Lisa, appeared to be optimistic about her son’s future on Monday as the quarterback was reportedly traded from the New York Jets to the Denver Broncos. Lisa Wilson re-posted the news that her son was going to be vying for a spot on a new team for the 2024 season. CLICK