New Jersey CEO pleads guilty to $212 million investor fraud scheme tied to healthcare company
NEWARK, N.J. – The former CEO of a publicly traded healthcare services firm pleaded guilty to conspiracy to commit securities fraud in a scheme that defrauded investors out of hundreds of millions…
Goldman CEO, top deputies to get cut of profits from bank’s private investment funds – WSJ
(Reuters) – Goldman Sachs Chief Executive David Solomon and his top deputies will get a part of profits from the bank’s private investment funds, the Wall Street Journal reported on Tuesday, citing…
PSEG’s Chairman, President and CEO Ralph Izzo Announces Plans to Retire at End of 2022
“It cannot be overstated how significant an impact Ralph Izzo has had on PSEG over the past 15 years as CEO,” said Dr. Shirley Ann Jackson, PSEG’s retiring lead director. “Ralph is…
Prada CEO says first 4 months strong despite Russia, China – paper
MILAN – Italian luxury group Prada posted strong results in the first four months of the year as its U.S. business offset the impact of suspending operations in Russia and coronavirus lockdowns…
Starbucks CEO Schultz says days of ‘false promises’ are over
(Reuters) – Starbucks Corp Chief Executive Officer Howard Schultz said there have been “a lot of false promises over the last few years” and assured his employees that those “days are over”…
Brazil’s Petrobras elects Jose Mauro Coelho as CEO
SAO PAULO – Brazilian state-run oil company Petrobras said on Thursday its board of directors has elected Jose Mauro Coelho as the firm’s chief executive for a one-year term. Coelho, who will…
TD CEO Masrani says bank tax is not good policy, warns of ‘unintended consequences’
By Nichola Saminather TORONTO – Toronto-Dominion Bank’s Chief Executive Bharat Masrani on Thursday criticized the Canadian Liberal government’s planned tax on banks and called for policymakers to ensure Canada plays a “meaningful…
High raw material prices having a “big” impact, Panasonic CEO says
TOKYO – Rising prices for raw materials, including nickel and copper, accelerated by Russia’s invasion of Ukraine were having a “big” impact on Panasonic Corp, with the Japanese industrial giant only able…
Tech Company CEO Charged With Defrauding His Former Employer Of Over $9 Million
Damian Williams, the United States Attorney for the Southern District of New York and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation…
Kenya to deport Rubis CEO amid fuel crisis – local media
NAIROBI – Kenya plans to deport the CEO of fuel storage and distribution company Rubis Energy Kenya over a fuel crisis, The Daily Nation newspaper reported on Wednesday, citing senior government sources…
Ferrari to unveil Purosangue SUV in coming months, CEO says
MILAN – Luxury sports-car maker Ferrari will launch in the coming months its first sport utility vehicle (SUV), the Purosangue (Thoroughbred), the company’s Chief Executive Benedetto Vigna said on Wednesday. Speaking at…
Ambev to focus more on the long term, less at market gain, says CEO
SAO PAULO – Brazilian brewer Ambev SA is more concerned with improving return on invested capital than with its market share, said its Chief Executive Jean Jereissati Neto on Tuesday. “When we…
Brazil’s Multiplan CEO expects shopping center sector to surpass pre-pandemic levels
RIO DE JANEIRO – Brazil’s shopping mall sector is expected to grow 10% this year compared to 2019, before the COVID-19 pandemic, said Jose Isaac Peres, mall operator Multiplan’s chief executive on…
BMW’s CEO expects chip shortage to last into 2023
BERLIN – A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s Chief Executive Oliver Zipse said in an interview with newspaper Neue…
Caixabank has sufficient provisions to withstand current uncertainty, CEO says
By Jesús Aguado MADRID – Spain’s Caixabank has adequate provisions to face potential future losses given the current market uncertainty, the bank’s Chief Executive Officer Gonzalo Gortazar said on Friday. A day…
Colorado CEO and Fund Manager Admits to $11 Million Securities Fraud Scheme
NEWARK, N.J. – A Denver, Colorado, CEO today admitted conducting a securities scheme to fraudulently obtain $11 million from investors through various misrepresentations about fund operations, his background, and his contribution to…
Canada’s CIBC bank CEO urges government to grow revenue via investment than taxation
TORONTO – Canadian Imperial Bank of Commerce (CIBC) Chief Executive Officer Victor Dodig on Thursday called on policy makers to focus on generating revenue by investing in growth rather than through taxation.…
Exclusive-Renault CEO pushes on with electric split as Russia bill looms-sources
By Gilles Guillaume PARIS – Renault chief Luca de Meo wants to press ahead with plans to create separate divisions for electric (EV) and combustion engine vehicles despite potentially costly uncertainty over…
Amplats CEO says carmakers looking for palladium after Russia sanctions
By Helen Reid JOHANNESBURG – South Africa’s Anglo American Platinum (Amplats) has received enquiries from manufacturers and carmakers seeking palladium in the wake of Western sanctions on top producer Russia, CEO Natascha…
Departing WarnerMedia CEO Kilar sees future of Hollywood in the blockchain
By Dawn Chmielewski (Reuters) – WarnerMedia CEO Jason Kilar said the future of Hollywood is in the blockchain as he prepares to leave the media company that he helped lead into the…
CEO of Medical Device Company Charged with Evading Payment of $6 Million in Federal Payroll Taxes
MINNEAPOLIS – A Mounds View man has been charged with tax evasion for failing to pay several years’ worth of payroll taxes, announced U.S. Attorney Andrew M. Luger. According to court documents,…
Former CEO of Shreveport Federal Credit Union Sentenced on Federal Charges
SHREVEPORT, La. – United States Attorney Brandon B. Brown announced that Helen Godfrey-Smith, 72, of Shreveport, Louisiana, has been sentenced by United States District Judge Elizabeth E. Foote for making and using…
Scotiabank CEO criticizes government bank tax, misses AGM due to COVID
By Nichola Saminather TORONTO – Bank of Nova Scotia Chief Executive Officer Brian Porter criticised the Canadian government’s proposed bank tax in prepared remarks to shareholders on Tuesday, calling them a “knee-jerk…
Lockerbie and Co.’s CEO, Stephanie Lokker, Named to ROI-NJ’s Influencer List for Top Women in Business
It’s a privilege to help business leaders, from various sectors, understand how to diversify their supply chains… Tweet this Lockerbie proudly holds 11 diverse-supplier certifications on both the state and federal level – including…
Russian banks need to be recapitalised as losses loom, VTB CEO says
(Reuters) – Russia’s banks will need a wider recapitalisation, Andrey Kostin, CEO of No.2 lender VTB, has told the TASS news agency, with the scale of it to be determined later this…
Billionaire CEO Jamie Dimon Calls Out Biden’s Weak Leadership
Billionaire CEO Jamie Dimon Calls Out Biden’s Weak Leadership Harry Wilmerding on April 4, 2022 JPMorgan Chase chief executive officer Jamie Dimon’s annual shareholder letter seemed to take a shot at President…
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