Tag: Management Moves

Burberry shares reel as CEO announces departure

Burberry Group shares fell as much as 10% after chief executive Marco Gobbetti said he would be leaving the luxury goods retailer after nearly five years at the helm. Gobbetti will be leaving Burberry BRBY, -7.96% at the end of the year for the same role at Salvatore Ferragamo, SFER, -1.22% the Italian leather goods […]

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Supreme Court decision could help advance Biden’s housing agenda — starting with the firing of the FHFA director

Changes are quickly coming to the regulatory body that oversees mortgage giants Fannie Mae and Freddie Mac, thanks to a decision released Wednesday by the U.S. Supreme Court. In a decision written by Justice Samuel Alito that included many of the court’s nine justices dissenting on certain points, the Supreme Court ruled that the structure […]

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Lordstown sticking to production timeline but ‘has a long road ahead,’ analyst says

Lordstown Motors Corp. has stuck to its timeline to have its first electric pickup trucks rolling off the factory floor later this year, but the company “has a long road ahead” in terms of competition and communicating a further action plan. That’s from Joseph Spak at RBC Capital, who attended a company event shortly after […]

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Microsoft directors wanted Gates to quit board over inappropriate relationship

Microsoft Corp. board members decided that Bill Gates needed to step down from its board in 2020 as they pursued an investigation into the billionaire’s prior romantic relationship with a female Microsoft employee that was deemed inappropriate, people familiar with the matter said. Members of the board tasked with the matter hired a law firm […]

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William Morris parent Endeavor is efforting an IPO again, in spite of COVID disruptions to its key businesses

Endeavor Group Holdings Inc., the Los Angeles–based entertainment powerhouse and owner of the William Morris Agency, sports and modeling agency IMG and mixed-martial-arts outfit UFC, is making a second attempt to go public after filing paperwork with the Securities and Exchange Commission this week. A previous effort to complete an initial public offering was canceled in […]

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