Executives - Shore News Network

‘They Didn’t Want To Hear It’: Boeing Whistleblower Rips Company Executives For Ignoring ‘Absolute Chaos’

The Daily CallerMarch 10, 20240

‘They Didn’t Want To Hear It’: Boeing Whistleblower Rips Company Executives For Ignoring ‘Absolute Chaos’ Jason Cohen on March 9, 2024 Ed Pierson, an ex-Boeing senior manager and whistleblower, criticized the company’s executives on Friday for not heeding his warnings about potential quality control issues. Boeing aircraft experienced several safety problems this past week alone and the Federal Aviation Administration (FAA) found several possible concerns with the company’s safety operations in a February report mandated by Congress after crashes in 2018 and 2019 that resulted in the deaths of 346 people. Pierson blamed top executives and said they need to leave

Former FirstEnergy execs, ex-regulator indicted in Ohio bribery scandal

ReutersFebruary 12, 20240

(Reuters) -Two former FirstEnergy Corp executives, including ousted CEO Chuck Jones, and a former state utility regulator have been indicted in a public corruption case linked to a legislative bill to bail out Ohio’s nuclear power plants, state Attorney General Dave Yost said on Monday. A Summit County, Ohio, grand jury indicted former Chairman of the Public Utilities Commission of Ohio (PUCO) Samuel Randazzo, Charles “Chuck” Jones and former Senior Vice President of External Affairs of FirstEnergy Michael Dowling. The trio are charged with a combined 27 felony counts. The indictments are connected to 2019 legislation, which was later revoked,

Factbox-Key executives at JPMorgan taking on new roles

ReutersJanuary 25, 20240

By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase shuffled executives on Thursday to give them more experience running different businesses as Wall Street focuses on succession plans for CEO Jamie Dimon. The changes were announced in a filing. Here are biographies of the bank’s key leaders, based on company documents, statements and Reuters reports. JAMIE DIMON, CEO Dimon has been at the helm for 18 years, steering the lender through the 2008 financial crisis before playing another major role last year as the industry was roiled by bank failures. Arguably Wall Street’s most prominent executive, the

Tesla executives looked at industrial estates in Thailand – PM

ReutersDecember 7, 20230

BANGKOK (Reuters) – Thailand’s Prime Minister Srettha Thavisin on Thursday said he showed Tesla executives around industrial estates in the country last week for potential investment. “I went out of my way to entertain them so they would fall in love with Thailand …. they are looking for 2,000 rai (320 hectares) of land,” Srettha said, adding he was confident that the electric vehicle (EV) maker would invest in Thailand. Srettha, a political newcomer, became prime minister in August and held a meeting with Tesla chief Elon Musk a month later. Southeast Asia’s second-largest economy is the largest car producer

Two Corporate Executives Found Guilty in First-Ever Criminal Prosecution for Failure to Report Under Consumer Product Safety Act

Indira PatelNovember 17, 20230

LOS ANGELES – A jury has found two corporate executives guilty of federal criminal charges related to the distribution and sale of defective residential dehumidifiers linked to multiple fires in the first corporate criminal enforcement action ever brought under the Consumer Product Safety Act (CPSA), the Justice Department announced today. Simon Chu, 68, of Chino Hills, and Charley Loh, 65, of Arcadia, were found guilty on Thursday afternoon of one count of conspiracy to defraud the United States Consumer Product Safety Commission (CPSC) and one count of failure to furnish information as required by the CPSA. The defective dehumidifiers sold

Generative AI still mostly experimental, say executives

ReutersNovember 9, 20230

By Katie Paul NEW YORK (Reuters) – One year after the debut of ChatGPT created a global sensation, leaders of business, government and civil society said at the Reuters NEXT conference in New York that generative AI technology is still mostly in an experimental stage, with limited exceptions. While ChatGPT has enchanted consumers with its ability to generate everything from Shakespeare-style sonnets to student term papers, its propensity to “hallucinate” erroneous information has kept it from revolutionizing most areas of industry so far, they said. “What’s been a lesson, I think, is the gap between being able to do something

Biden EPA’s Air Quality Rule Proposal Would Crush American Industry And Jobs, Executives Warn

The Daily CallerNovember 2, 20230

Biden EPA’s Air Quality Rule Proposal Would Crush American Industry And Jobs, Executives Warn Nick Pope on November 1, 2023 A proposed update to the Environmental Protection Agency’s (EPA) air quality standards could severely harm American industry while undermining President Joe Biden’s agenda, according to a Tuesday letter signed by more than 70 industrial executives and trade group representatives. The letter to White House Chief of Staff Jeff Zients warns that the EPA’s January proposal to tighten the National Ambient Air Quality Standards (NAAQS) for fine particle pollution (PM 2.5) could result in huge swaths of the country being in

SafeMoon executives charged in US with fraud related to crypto token

ReutersNovember 1, 20230

By Jonathan Stempel NEW YORK (Reuters) – The founder and two top executives at SafeMoon, whose namesake crypto token was once valued at more than $8 billion, have been charged by the U.S. Department of Justice with running a fraud that diverted tens of millions of investor dollars so they could buy luxuries and line their pockets. An indictment unsealed on Wednesday in Brooklyn charged founder Kyle Nagy, 35; Chief Executive Braden John Karony, 27; and former Chief Technology Officer Thomas Smith, 35, with three criminal counts each of conspiring to commit securities fraud, wire fraud and money laundering. The

Argentine executives pitch fiscal discipline as election hits home stretch

ReutersOctober 11, 20230

By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s next government will have to cut spending and stop printing pesos to get the inflation-wrecked economy back on track, executives and other members of the country’s business community told Reuters. The country holds its presidential election on Oct. 22 amid triple-digit inflation, a dramatic erosion of the peso currency, and with two in five people living in poverty. The three leading candidates are each running on their own remedy for the ailing economy: radical libertarian Javier Milei’s dollarization proposal; a bi-monetary system proposed by conservative Patricia Bullrich; and ruling party candidate Sergio

Analysis-Disney, Charter deal reshapes media landscape -executives

ReutersSeptember 14, 20230

By Dawn Chmielewski (Reuters) – Thirty-one years ago, cable TV pioneer John Malone predicted customers would have as many as 500 channels in their living rooms. Charter, the cable company in which Malone’s Liberty Broadband is a major investor, began downscaling that vision this week. The agreement on Monday to settle an epic battle between Walt Disney and Charter Communications over distribution rights is ushering the end of the lucrative, decades-old pay-television bundle and creating a template for future deals that includes streaming services, nine current and former senior media executives who have worked on these agreements told Reuters this

Binance.US legal and risk executives are leaving – WSJ

ReutersSeptember 14, 20230

(Reuters) – Risk and legal executives at the U.S. affiliate of Binance are leaving at a time when the crypto giant is grappling with regulatory pressures, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Krishna Juvvadi, head of legal, and Sidney Majalya, chief risk officer, are leaving Binance.US, the report said. Binance.US declined to comment. The company said on Tuesday its chief executive, Brian Shroder, would leave and it would cut more than 100 jobs — roughly a third of its headcount. The U.S. Securities and Exchange Commission (SEC) in June filed a civil complaint

Goldman Sachs fires several executives in transaction banking -memo

ReutersSeptember 13, 20230

By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs fired several executives in its transaction banking unit after they violated the firm’s communications policy, according to a memo seen by Reuters on Wednesday. The company did not name the individuals in the memo. Philip Berlinski, the bank’s treasurer, will take over day-to-day management of transaction banking alongside Akila Raman and Luc Teboul. Berlinski is also leading Goldman’s financial technology and consumer business on an interim basis. Hari Moorthy, the head of transaction banking, was among the people who departed, the person said. He is no longer listed as a registered

UBS executives sold over $15 million shares in September

ReutersSeptember 8, 20230

(Reuters) – UBS executives have sold millions in shares since the Swiss bank announced its second quarter results, according to filings on the SIX stock exchange website. Since the start of September, UBS shares worth more than 14 million Swiss francs ($15.68 million) were sold in five transactions by executive members of the board of directors or members of senior management. The sales come in the aftermath of the bank’s second quarter results, which saw shares trading at highs not seen since 2008. UBS declined to comment. ($1 = 0.8931 Swiss francs) (Reporting by Noele Illien; Editing by Josie Kao)

Tesla executives hold market entry talks with India investment agency -sources

ReutersJuly 28, 20230

By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – Two senior Tesla executives discussed the company’s plans to enter India with officials from the country’s investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks. The U.S. carmaker has expressed an interest in building a factory in India that would produce a low-cost electric vehicle (EV) priced at $24,000, around 25% cheaper than Tesla’s current entry model, for both the Indian market and export. The U.S.-based executives – senior public policy and business development executive Rohan

Chase Closes Prominent Vaccine Skeptic’s Business Account And Executives’ Personal Bank Accounts

The Daily CallerJuly 26, 20230

Chase Closes Prominent Vaccine Skeptic’s Business Account And Executives’ Personal Bank Accounts Jason Cohen on July 26, 2023 JPMorgan Chase canceled vaccine skeptic Dr. Joseph Mercola’s business account and the personal accounts of Mercola Market’s CEO, his wife and the company’s CFO, according to documents obtained by the Daily Caller News Foundation. Mercola Market is a Florida-based health business, and Chase abruptly closed its accounts for unspecified reasons, according to the documents. Chase sent the letters on July 13, notifying the company it had until September 10 to shut down account operations and informing CEO Steven A. Rye and his

Biden to tap tech, climate executives in California fundraising trip

ReutersJune 13, 20230

By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden will travel to California next week to raise campaign cash from tech and climate donors as he races to raise over a billion dollars for his re-election fight, according to two sources with knowledge of the matter. Biden, who is almost certain to get the Democratic nomination, will attend a fundraiser hosted by Microsoft Chief Technology Officer Kevin Scott, his wife Shannon Hunt-Scott and Microsoft board member and LinkedIn co-founder Reid Hoffman on June 19, according to an invite sent by the Biden Victory Fund that was

US minority-owned banks withstand industry turmoil, executives say

ReutersJune 9, 20230

By Nupur Anand NEW YORK (Reuters) – Minority-owned banks in the U.S. have stayed resilient during this year’s industry turmoil thanks in part to government and industry support, despite concerns that they would struggle to survive, executives said. Minority depository institutions, or MDIs, “have emerged stronger now coming out of the pandemic and the recent crisis due to the government support and help from the big banks,” James Sills, CEO of M&F Bank, a Black-owned lender based in Durham, North Carolina. He spoke at an MDI event in New York on Thursday hosted by JPMorgan Chase & Co. There were

Top paper executives covered up unlawful behaviour, Prince Harry’s lawyer says

ReutersMay 11, 20230

By Michael Holden LONDON (Reuters) – Senior executives of Mirror Group Newspapers authorised widespread illegal activity at their tabloids including the targeting of a British royal, the lawyer for Prince Harry and others suing the publisher said on Thursday. Harry, King Charles’ younger son, and more than 100 others including celebrities and high-profile figures, are suing the publisher of the Daily Mirror, Sunday Mirror and Sunday People. They allege the papers habitually accessed private information by phone-hacking, deception and other illicit means between 1991 and 2011. MGN, now owned by Reach, is contesting the allegations, arguing some claims have been

VW to fire top executives at software unit Cariad, source says

ReutersMay 6, 20230

By Jan Schwartz FRANKFURT (Reuters) – Carmaker Volkswagen is set to dismiss all but one of the executive board members at its software division Cariad next week to try to resolve development problems, a person familiar with the matter told Reuters on Saturday. The unit – set up under former VW group CEO Herbert Diess -has exceeded its budget and failed to meet goals, contributing to Diess’ departure and replacement by Oliver Blume last September. Cariad’s supervisory board is expected to sign off on the dismissals in a meeting next week, the source said on Saturday, adding that only the

Republicans Ripping DeSantis For Feuding With Disney Took Company Executives’ Campaign Cash

The Daily CallerApril 29, 20230

Republicans Ripping DeSantis For Feuding With Disney Took Company Executives’ Campaign Cash Arjun Singh on April 28, 2023 Prominent Republicans who have criticized Florida Republican Gov. Ron DeSantis’ actions against The Walt Disney Company have received significant donations from the media giant’s executives, according to campaign finance records published by the Federal Election Commission (FEC). DeSantis and Disney have been at odds since early 2022, when the Florida legislature passed a law signed by DeSantis stripping Disney of municipal powers within its special district after Disney criticized Florida’s Parental Rights In Education Law. Recently, several top Republicans have come out

UBS hires Barclays executives to beef up investment banking in U.S

ReutersApril 24, 20230

(Reuters) – UBS Group said on Monday it had hired three executives from Barclays Plc in a big push to ramp up its U.S. investment banking presence. Switzerland-based UBS, which has been lagging peers in the United States, said it hired Marco Valla, Jeff Hinton and Kurt Anthony from Barclays for its global banking teams in New York. Valla joins UBS as co-head of global banking alongside Javier Oficialdegui, while Hinton and Anthony will also join the global banking team, according to an internal memo. A UBS spokesperson confirmed the contents. Valla replaces Ros L’Esperance, who will drive strategy for

Raytheon, Lockheed executives banned from China

ReutersApril 18, 20230

BEIJING (Reuters) – China has banned senior executives of Raytheon Missiles & Defense and Lockheed Martin Corp from entering, working, staying and residing in the country since Feb. 16, the Ministry of Commerce said on Tuesday. Raytheon and Lockheed Martin have been involved in arms sales to Taiwan for a long time, the ministry said. China banned the two U.S. firms from carrying out import and export activities with Chinese enterprises in a bid to prevent Chinese products from being used in their military businesses. Raytheon Missiles & Defense is a unit of Raytheon Technologies Corp. (Reporting by Hong Kong

Goldman Sachs reshuffles equities unit executives after top trader Montesano’s exit

ReutersApril 12, 20230

(Reuters) – Goldman Sachs Group Inc on Wednesday announced a slew of changes to leadership in its equity trading division following the retirement of its top equity trader Joe Montesano last month, according to a memo seen by Reuters. Cyril Goddeeris will continue to lead global equity financing, which includes his responsibilities as co-head of global prime services and head of global securities lending and synthetic trading. Dimitrios Nikolakopoulos will lead global equity structured products. Dmitri Potishko and Erdit Hoxha will be co-heads of global flow derivatives and emerging markets trading. Jameson Schriber will head Americas One Delta, in addition

Executives At Signature Bank Dumped $100 Million In Stock During Crypto Uptick

The Daily CallerApril 4, 20230

Executives At Signature Bank Dumped $100 Million In Stock During Crypto Uptick Jason Cohen on April 4, 2023 When recently-failed Signature Bank began to prioritize cryptocurrency, insiders at the institution sold over $100 million in shares, according to an analysis by The Wall Street Journal. In the past three years, sales by Signature’s chairman Scott Shay, former CEO Joseph DePaolo and his successor Eric Howell made up for around half of the total sold, according to the WSJ’s analysis of company filings. Each one of them was part of the risk committee that was responsible for managing the institution’s profile in the preceding year and they

Shipbuilder Austal sinks on former U.S. executives’ indictment for financial fraud

ReutersApril 3, 20230

(Reuters) – Australian shipbuilder Austal Ltd sank as much as 8.4% to its lowest level in more than four years on Monday after the United States Department of Justice indicted three of its former U.S. employees on manipulating financial information. Austal, which builds ships for the U.S. Navy and is working on parts of the Virginia class submarines, plunged to its lowest level since October 25, 2018, and marked its worst intraday drop since January 17. The U.S. Department of Justice (DOJ) charged three former employees for “allegedly making or causing to be made false and misleading statements about Austal