A global gold mining company said it ousted its longtime chief executive after a board probe into a $5.9 million payment he authorized. Sebastien de Montessus denied wrongdoing, but the abrupt exit sent shares of Endeavour Mining tumbling. Endeavour, which operates mines in Western Africa, said de Montessus was terminated as president and CEO following…
CVS Health on Friday said Shawn Guertinits top finance executive who has been on a leave of absence since October due to family health reasons, won’t return to the healthcare-services giant. CVS said Guertin has stepped down as chief financial officer and president of health services and will leave the Woonsocket, R.I., company at the…
The management philosophy known as DEI, which had gathered momentum since 2020, has been under siege over the past year amid a collision of legal, economic and geopolitical forces. The Supreme Court struck down affirmative action in colleges, removing the legal rationale buttressing many diversity programs. An expected slowdown in the economy prompted companies to…
Updated Jan. 2, 2024 6:42 pm ET Claudine Gay’s resignation Tuesday from the presidency of Harvard is a measure of accountability amid scandals on campus antisemitism and plagiarism. Her leadership had clearly become a drain on the school’s reputation. The question is whether the Harvard Corporation that chose her and presided over this debacle will…
The OpenAI CEO lost the confidence of top leaders in the three organizations he has directed, yet each time he’s rebounded to greater heights. Source link
Updated Dec. 16, 2023 12:04 am ET Listen to article (2 minutes) At a 2018 meeting with a senior General Motors team, Chief Executive Mary Barra stunned the room with a sharp U-turn. She killed plans for a new high-end Cadillac that already had gushing reviews from the automotive press. Her reason: the car’s gas-guzzling…
Updated Dec. 15, 2023 5:41 pm ET Activision Blizzard has agreed to pay about $50 million to settle a high-profile lawsuit by a California regulator that helped spur Microsoft’s October takeover of the videogame company, according to people familiar with the matter. California’s Civil Rights Department sued Activision in mid-2021, alleging its leadership ignored numerous…
Updated Dec. 11, 2023 7:41 am ET Boeing is elevating Stephanie Pope to become its No. 2 executive, setting her up as the heir apparent to Chief Executive David Calhoun as the plane maker prepares for its next leadership transition. Pope, who heads Boeing’s services arm, was promoted to chief operating officer and will start…
Updated Dec. 7, 2023 4:39 pm ET Helen Toner was a relatively unknown 31-year-old academic from Australia—until she became one of the four board members who fired Sam Altman from the artificial-intelligence company he co-founded. Thrust into the spotlight during the ouster and eventual return of Altman as CEO of OpenAI last month, Toner has…
Listen to article (2 minutes) Think appearances don’t matter if you’re applying for a job online? New research shows that looking the part is very much part of the equation. Your credentials and referrals may get you on the shortlist. Even if the whole process takes place online, though, it’s rare that a hiring manager…
