CEO - Shore News Network

Former Google CEO Is Quietly Bankrolling Dozens Of White House Jobs

The Daily CallerDecember 23, 20220

Former Google CEO Is Quietly Bankrolling Dozens Of White House Jobs Alexa Schwerha on December 22, 2022 Former Google CEO Eric Schmidt helped fund over two dozen Biden administration jobs through a fellowship program for scientific and technological fields. One watchdog group claimed that Schmidt could be using his connections to influence the administration. “It is disappointing that these speculative pieces overlook the extraordinary collaboration which has resulted from broad participation in bipartisan initiatives to address fundamental challenges to U.S. competitiveness and collective prosperity,” a Schmidt spokesperson told the Daily Caller News Foundation. Former Google CEO Eric Schmidt helped fund the

PETER ROFF: If Musk Quits As Twitter CEO, What Next?

The Daily CallerDecember 20, 20220

PETER ROFF: If Musk Quits As Twitter CEO, What Next? Peter Roff on December 19, 2022 Maverick corporate innovator Elon Musk appeared ready to step down as CEO of Twitter Monday after a majority of users participating in an online poll said he should go. What this means for the future of the platform is unclear. Even if he removes himself from day-to-day management of the online forum, he’ll still own the company. That means he still calls the shots even if he’s not the public face of the firm. Musk’s two months at the helm have been rocky. Liberals

If Musk Quits As Twitter CEO, What Next?

The Daily CallerDecember 19, 20220

PETER ROFF: If Musk Quits As Twitter CEO, What Next? Peter Roff on December 19, 2022 Maverick corporate innovator Elon Musk appeared ready to step down as CEO of Twitter Monday after a majority of users participating in an online poll said he should go. What this means for the future of the platform is unclear. Even if he removes himself from day-to-day management of the online forum, he’ll still own the company. That means he still calls the shots even if he’s not the public face of the firm. Musk’s two months at the helm have been rocky. Liberals

Twitter Users Vote For Elon Musk To Step Down As CEO

The Daily CallerDecember 19, 20220

Twitter Users Vote For Elon Musk To Step Down As CEO Laurel Duggan on December 19, 2022 Twitter users voted for owner and CEO Elon Musk to step down from his leadership role by a 15-point margin in a Sunday poll. “Should I step down as head of Twitter? I will abide by the results of this poll,” Musk asked in a Sunday afternoon tweet. The query came after Twitter implemented several recent changes in its policies, specifically instituting a policy prohibiting the sharing of real-time public information that resulted in the suspensions of several journalists. Among more than 17.5

Former CEO of St. Gabriel Health Clinic Convicted of $1.8 Million Medicaid Fraud Scheme

DOJ PressSeptember 27, 20220

After a week-long trial, a federal jury convicted the former CEO of St. Gabriel Health Clinic Inc. for conducting a multi-year, multi-million-dollar scheme to defraud the Louisiana Medicaid Program. According to court documents and evidence presented at trial, Victor Clark Kirk of Baton Rouge, Louisiana, was the CEO of St. Gabriel Health Clinic Inc. (St. Gabriel), a Louisiana non-profit corporation that provided health care services to Medicaid recipients and others. St. Gabriel was a federally qualified health center (FQHC) that contracted with the Iberville Parish School Board to provide medical services within the school district. As a FQHC, St. Gabriel

Former CEO Of Email Security Company Pleads Guilty To $50 Million Scheme To Defraud Investors And Lenders

DOJ PressAugust 18, 20220

Damian Williams, the United States Attorney for the Southern District of New York, announced today that ROBERT BERNARDI, the founder, and former Chief Executive Officer of the Virginia-based email security company GigaMedia Access Corporation, d/b/a GigaTrust (“GigaTrust”), pled guilty today in Manhattan federal court in connection with a scheme to defraud investors and lenders of millions of dollars through false and misleading misrepresentations, including fabricated bank statements and audit reports, and by impersonating a purported customer, auditor, and GigaTrust lawyer. U.S. District Judge Paul G. Gardephe accepted the defendant’s guilty plea. U.S. Attorney Damian Williams said: “Robert Bernardi, founder and

CEO Of Security Company Pleads Guilty To International Boiler Room Fraud Scheme

DOJ PressAugust 11, 20220

Damian Williams, the United States Attorney for the Southern District of New York, announced that ROGER RALSTON, the CEO of DirectView Holdings, Inc. (“DirectView”), a Florida-based video surveillance and security company, pled guilty today to one count of conspiracy to commit wire fraud for defrauding elderly victims in connection with the fraudulent sale of stock and fake carbon credits as part of an international telemarketing scheme that caused nearly $16 million in losses. RALSTON pled guilty before U.S. District Judge Jed S. Rakoff. Co-defendants Christopher Wright and Steven Hooper previously pled guilty and were sentenced to 52 months in prison

Investors swipe left on Match after Tinder CEO departure, poor forecast

ReutersAugust 3, 20220

(Reuters) – Match Group Inc was on track to shed a fifth of its value following the sudden departure of its Tinder unit head and a downbeat revenue forecast for the current quarter. The company, which also owns dating apps Hinge and OkCupid, announced Renate Nyborg’s exit from Tinder on Tuesday, making her the sixth chief executive officer to leave the dating app since its founding in 2012. Her departure also comes just three months after Shar Dubey stepped down as Match’s boss. Shares of Match tumbled 22% and dragged down those of rival Bumble, which fell nearly 4%. Jefferies

Southern CEO Fanning to exit, hunt on for successor – Bloomberg News

ReutersJuly 29, 20220

(Reuters) – U.S. utility Southern Co Chief Executive Tom Fanning is expected to step down by the end of this year and the company has launched a search for his successor, Bloomberg News reported on Friday, citing people familiar with the matter. Fanning is expected to remain with Southern in some capacity after stepping down as CEO, the report said. (https://bloom.bg/3zmkTvQ) Fanning, 65, told Bloomberg in an interview that he wants to remain CEO until Southern’s Vogtle nuclear plant expansion is complete, the report said. A company spokesperson said that no timelines have been set regarding any potential retirement. Southern

AstraZeneca CEO Soriot says to work with new chairman for many years

ReutersJuly 29, 20220

FRANKFURT – Long-serving AstraZeneca boss Pascal Soriot said on Friday he expects to work with the new chairman-designate of the London-listed drugmaker, who will take over in 2023, for many years to come, suggesting he is not ready to retire. The company said on Friday that Michel Demare will take over from outgoing Chairman Leif Johansson, who, like Soriot, has been in his leadership position for about a decade. “Michel and I will be working together and forming an excellent team for the many years to come,” Soriot said on an analyst call after the company released its quarterly results.

How Spirit Airlines CEO Christie did his JetBlue deal U-turn

ReutersJuly 29, 20220

By Anirban Sen (Reuters) – Spirit Airlines Inc Chief Executive Ted Christie had been dismissive of the possibility that regulators would allow his low-cost U.S. airline to be sold to JetBlue Airways Corp for the last four months. “You don’t need to be an antitrust attorney to see the issues here,” Christie stated in several media interviews after JetBlue unveiled its bid in April, gatecrashing a deal he had clinched in February to sell Spirit to Frontier Group Holdings Inc. Christie argued that Spirit would cease to be a budget airline under JetBlue, driving up airfares. Yet this week he

Exclusive-Mexico’s Pemex expects rare annual profit – CEO

ReutersJuly 28, 20220

By Ana Isabel Martinez MEXICO CITY – Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and a boost to crude output from new fields, Chief Executive Octavio Romero told Reuters. If achieved, it will be Pemex’s first annual profit in more than a decade. A historically high tax bill and massive losses from its refining unit have kept it in the red for years. Earlier on Thursday, the Mexican oil giant reported a second-quarter profit of $6.5 billion, powered by surging prices that have lifted oil

CEO of Reality TV Production Companies Sentenced to One Year in Federal Prison for Defrauding Private Lender Out of $2 Million

DOJ PressJuly 28, 20220

LOS ANGELES – The CEO of two Hollywood production companies that specialize in reality-television programming was sentenced today to 12 months and one day in federal prison for fraudulently obtaining a $2 million business loan using fabricated documents and by misrepresenting his companies’ financial circumstances. Jonathan Lee Smith, 41, of Koreatown, was sentenced by United States District Judge John F. Walter, who also ordered Smith to pay $2 million in restitution. Smith managed and owned two Hollywood-based production companies, Hoplite Entertainment Inc., and Hoplite Inc. To convince a private lender to fund a $2 million loan in

L’Oreal may continue to raise prices in a targeted manner, CEO says

ReutersJuly 28, 20220

By Mimosa Spencer PARIS – L’Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner, the cosmetics group’s Chief Executive Officer Nicolas Hieronimus told Reuters on Thursday. The maker of Maybelline mascara and Lancome perfumes beat expectations with 13.4% sales growth in the second quarter, tapping into a strong rebound in makeup sales as socialising resumes. It also bucked a declining trend in the luxury and fashion industry in China with higher sales despite the country’s lockdowns. Despite an uncertain outlook for the

Fasten your seatbelts for a bumpy ride, Euronext CEO warns

ReutersJuly 28, 20220

By Huw Jones LONDON – Investors should get ready for a bumpier ride as markets adjust to prolonged inflation, hefty interest rate rises and a fall in the euro to parity with the dollar, Euronext chief executive Stephane Boujnah said on Thursday. Unavoidable volatility in share prices in months to come means that exchanges and their customers must remain agile to also cope with supply chain pressures and fallout from the war in Ukraine, Boujnah said. The European Central Bank hiked rates by 50 basis points last week, with the U.S. Federal Reserve increasing rates by another 75 basis points

Santander Chile CEO to step down in August

ReutersJuly 27, 20220

MEXICO CITY – Santander’s Chile chief executive, Miguel Mata Huerta, will step down on August 1, the banking unit said in a filing Wednesday to the Chilean stock market. Roman Blanco Reinosa will replace Mata, Santander Chile said. (Reporting by Carolina Pulice and Kylie Madry; Editing by Christian Plumb)

Restructuring whiz Koerner lands in Credit Suisse CEO hot seat

ReutersJuly 27, 20220

By Oliver Hirt ZURICH – Ulrich Koerner, a Porsche fan and rally driver, will need all his navigation skills to steer loss-making Credit Suisse towards profitability as the Swiss bank embarks on yet another campaign to get back on solid ground. Koerner, who cut his teeth as a management consultant, will take over next month as chief executive from Thomas Gottstein, who has had a tumultuous two-and-a-half-year stint running Switzerland’s second-largest bank. For the new CEO, it could be a short, tough, fix-it mission to prune investment banking to cut costs and get the 166-year-old Swiss institution back on track.

Credit Suisse names Koerner as CEO, sets strategic review

ReutersJuly 27, 20220

ZURICH – Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic review as it struggles to recover from a series of scandals. Pressure had been mounting on current chief executive Thomas Gottstein for months over the scandals and losses racked up during his two-year tenure that have hammered shares and angered investors. In recent months some investors had called for Gottstein to be replaced, but the bank had resisted. (Reporting by Michael Shields; Editing by Clarence Fernandez)

Credit Suisse to name Ulrich Korner as its next CEO – FT

ReutersJuly 26, 20220

(Reuters) – Credit Suisse is set to announce Ulrich Korner as its new chief executive officer, replacing Thomas Gottstein, the Financial Times reported on Tuesday. Credit Suisse did not immediately respond to a Reuters request for comment. (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Anil D’Silva)

Logitech CEO sees semiconductor chip shortage over by end of 2022

ReutersJuly 26, 20220

ZURICH – Logitech International is seeing the impact of the global semiconductor chip shortage moderating, Chief Executive Bracken Darrell said on Tuesday, saying he expects problems to be overcome by the end of the year. “We are not over it, but the symptoms are getting milder,” Darrell told Reuters after the computer peripherals maker reported its first-quarter earnings. “We will be free and clear in the third quarter, or in the worst case, the fourth quarter,” he said, referring to Logitech’s two reporting periods that end in December 31, 2022, and March 31, 2023, respectively. (Reporting by John Revill, Editing

Weber replaces CEO, warns of layoffs as inflation bites into business

ReutersJuly 25, 20220

(Reuters) – Weber Inc on Monday replaced top boss Chris Scherzinger with an insider and warned that mounting inflationary and supply chain pressures could hit the grill maker’s financials and workforce, sending its shares down 20% in premarket trading. The company withdrew its fiscal 2022 net sales and core earnings forecasts, saying higher consumer prices and geopolitical uncertainty were squeezing store traffic as well as margins. Weber, which also suspended its quarterly cash dividend, said it was pursuing a number of initiatives, which may include job cuts, reducing expenses and tightening its inventory levels. The company also forecast a net

Steelmaker Voestalpine builds up gas reserve to tackle shortfalls – CEO

ReutersJuly 23, 20220

ZURICH – Voestalpine has built up sufficient gas reserves to safeguard three months of production should there be an emergency hit to supplies, the Austrian steelmaker’s chief executive said in an article published on Saturday. “We reached our goal this week and saved the entire amount,” Herbert Eibensteiner told Der Standard in an interview. “That’s 1.5 terawatt hours. In the event of a crisis, that should be enough for three months of full operation.” Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, allaying some of Europe’s immediate supply fears but not enough

Airbus mulls fighter options but focuses on FCAS – CEO

ReutersJuly 20, 20220

By Tim Hepher FARNBOROUGH, England – Europe’s Airbus, locked in a dispute with Dassault Aviation over the next stage of a Franco-German-Spanish fighter project, is thinking about other options but is focused on making the project work as planned, its chief executive said on Wednesday. Airbus is a key partner for Germany in the plan to build a manned and unmanned Future Combat Air System (FCAS) to replace Rafale and Eurofighter jets in cooperation with Dassault Aviation, which is working on behalf of France. The companies have completed 18-months of initial work known as phase 1A, but are split over

Rolls-Royce says CEO did not suggest Raytheon aimed to spin off P&W

ReutersJuly 20, 20220

FARNBOROUGH, England – Rolls-Royce on Wednesday said its chief executive had not speculated that Raytheon Technologies might spin off rival engine maker Pratt & Whitney (P&W), rejecting a report published by an aviation website. “We would never comment on another company’s structure and did not do so on this occasion,” a Rolls-Royce spokesperson said. Asked by “The Air Current” if a potential Raytheon spin-off of P&W might change the conversation regarding Rolls and P&W possibly collaborating on engines for narrowbody airliners, CEO Warren East replied “Well, it might”. East previously has said the narrowbody engine market represents an attractive opportunity,

Explosives maker Incitec Pivot’s CEO says no signs of U.S. recession

ReutersJuly 19, 20220

MELBOURNE – There are no signs of a recession in the United States right now, the head of major explosives producer Incitec Pivot said at an event in Melbourne on Wednesday. Incitec CEO Jeanne Johns said demand from the company’s mining and quarrying customers in the United States is “massive”. “We’re still seeing demand very very strong in the U.S. and Australia,” she said at a business forum. (Reporting by Sonali Paul; Writing by Praveen Menon; Editing by Muralikumar Anantharaman)