FedEx Corp. FDX 1.54% founder Fred Smith is stepping down as chief executive of the company he started more than 50 years ago with a few planes and built into a global delivery network that moves millions of packages a day. Mr. Smith, 77 years old, is handing the CEO role to President and Chief […]
Edward “Ned” Johnson III, who transformed Fidelity Investments into a financial behemoth and opened Wall Street to millions of Americans, died Wednesday. Mr. Johnson was 91 years old. “He passed away peacefully at home in Florida surrounded by his family,” Abigail Johnson, who succeeded her father as Fidelity’s chief executive in 2014 and chairman in […]
GameStop Corp. EMG 0.97% recorded a loss during the holiday quarter despite an increase in sales, surprising analysts who were expecting the videogame retailer to turn a profit. GameStop has been working to turn around its business under the leadership of a revamped executive team and board of directors. The Grapevine, Texas-based company on Thursday […]
Howard Schultz is returning to lead Starbucks Corp. SBUX 5.16% for a third time, saying the company he helped become the world’s largest coffee chain needs to reinvent itself once more. Mr. Schultz, who built Starbucks from a handful of Seattle-based coffee shops to a global giant before retiring as executive chairman in 2018, will […]
WASHINGTON—Regulators are carrying out a sweeping investigation of conflicts of interest at the nation’s largest accounting firms, asking whether consulting and other nonaudit services they sell undermine their ability to conduct independent reviews of public companies’ financials, according to people familiar with the matter. The Securities and Exchange Commission probe highlights the agency’s new focus […]
Robert Iger spent decades helming a company known for its animated characters. For his next act, the former Walt Disney Co. boss is backing a startup that celebrities and others are using to create avatars for the much-hyped metaverse. In his first career move since leaving the entertainment company in November, Mr. Iger has taken […]
CVS Health Corp. CVS -0.59% Chief Executive Karen Lynch has removed several executives following an internal investigation into how they handled sexual-harassment complaints and is overhauling how the company handles such matters, according to people familiar with the matter. Ms. Lynch, who took over as CEO a year ago, in December became aware of complaints […]
Several top executives are leaving Chobani Inc. as the yogurt maker puts plans for its initial public offering on hold. President and Chief Operating Officer Peter McGuinness told employees last week that he is leaving the company effective Friday to pursue other opportunities, according to people familiar with the matter. Chobani’s Chief People Officer Grace […]
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