Corporate management

August 13, 2020 - 7:33 am
ANCHORAGE, Alaska (AP) — The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees. Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court...
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August 13, 2020 - 12:30 am
BERLIN (AP) — German investigators are appealing for the public's help in tracking down the former chief operating officer of bankrupt payment company Wirecard who is facing allegations of fraud and other charges. Federal police issued a wanted poster late Wednesday for Jan Marsalek, saying the 40-...
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FILE - In this April 20, 2013, file photo, media mogul Sumner Redstone arrives at the 2013 MOCA Gala celebrating the opening of the Urs Fischer exhibition at MOCA, in Los Angeles. Redstone, the strong-willed media mogul whose public disputes with family members and subordinates made him a feared operator in Hollywood, died Wednesday, Aug. 12, 2020. (Photo by Richard Shotwell/Invision/AP, File)
August 12, 2020 - 6:02 am
Sumner Redstone, who built a media empire from his family's drive-in movie chain, has died. He was 97. ViacomCBS Inc., which he lead for decades, remembered Redstone for his “unparalleled passion to win, his endless intellectual curiosity, and his complete dedication to the company.” Redstone built...
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FILE - In this Feb. 5, 2020 file photo, Dhivya Suryadevara, executive vice president and Chief Financial Officer of General Motors, visits the trading floor of the New York Stock Exchange. Suryadevara is leaving the automaker for the same position at Silicon Valley’s hottest startup, the software and mobile payment company Stripe. (AP Photo/Richard Drew, File)
August 11, 2020 - 3:36 pm
SILVER SPRING, Md. (AP) — The chief financial officer at General Motors, Dhivya Suryadevara, is trading Detroit for Silicon Valley in a surprise departure to join the payments startup Stripe. A rising star in the auto sector, Suryadevara became GM's first female CFO in 2018 at the age of 39, and...
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FILE - In a July 26, 2017 file photo, McDonald's CEO Steve Easterbrook is interviewed at the New York Stock Exchange. McDonald’s is suing Easterbrook, the former CEO, saying he lied about relationships with employees and destroyed evidence before he was fired from the company in 2019. McDonald’s fired Easterbook last November after he admitted to an improper relationship with an employee, with whom he exchanged videos and text messages.(AP Photo/Richard Drew, File)
August 10, 2020 - 6:33 am
McDonald’s says it's suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with other employees and destroyed evidence. Easterbrook, according to a lawsuit, approved a special grant of restricted...
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FILE - In this March 5, 2009 file photo, former National Security Adviser Brent Scowcroft testifies on Capitol Hill in Washington. A longtime adviser to Presidents Gerald Ford and George H.W. Bush has died. Brent Scowcroft was 95. A spokesperson for the late President Bush says Scowcroft died Thursday of natural causes at his home in Falls Church, Virginia. (AP Photo/Harry Hamburg)
August 07, 2020 - 9:21 am
WASHINGTON (AP) — Brent Scowcroft, who played a prominent role in American foreign policy as national security adviser to Presidents Gerald Ford and George H.W. Bush and was a Republican voice against the 2003 invasion of Iraq, has died, a Bush spokesperson said Friday. He was 95. Scowcroft died...
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Former U.S. Ambassador to Japan Bill Hagerty speaks at a polling place Thursday, Aug. 6, 2020, in Brentwood, Tenn. Hagerty and Dr. Manny Sethi are competing to become the GOP nominee in the race to replace retiring Republican Sen. Lamar Alexander. (AP Photo/Mark Humphrey)
August 06, 2020 - 9:31 pm
NASHVILLE, Tenn. (AP) — The race to succeed retiring U.S. Sen. Lamar Alexander in November will feature a matchup between a Republican candidate endorsed by President Donald Trump and a Democratic single mother and Black activist who pulled off an astonishing upset victory over an opponent favored...
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FILE - This Feb. 29, 2020 file photo, National Rifle Association Executive Vice President and CEO Wayne LaPierre speaks at Conservative Political Action Conference, CPAC 2020, at the National Harbor, in Oxon Hill, Md. New York’s attorney general is suing the National Rifle Association, seeking to put the powerful gun advocacy organization out of business over allegations that high-ranking executives diverted millions of dollars for personal benefit. The lawsuit filed Thursday, Aug. 6, by Attorney General Letitia James followed an 18-month investigation into the NRA, which is a nonprofit group originally chartered in New York.(AP Photo/Jose Luis Magana, File)
August 06, 2020 - 3:29 pm
NEW YORK (AP) — New York’s attorney general sued the National Rifle Association on Thursday, seeking to put the powerful gun advocacy organization out of business over claims that top executives illegally diverted tens of millions of dollars for lavish personal trips, no-show contracts for...
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FILE - In this March 28, 2018 file photo, Jim Farley, Jr. executive vice president and president of Global Markets of the Ford Motor Company, is shown in this photo during New York International Auto Show. Farley will lead the storied automaker into the future starting Oct. 1 2020, when current CEO Jim Hackett retires. The company has struggled in recent years and is in the midst of an $11 billion restructuring plan designed to make it leaner and crank out new vehicles to replace what was an aging model lineup. (AP Photo/Richard Drew, File)
August 04, 2020 - 5:34 pm
DETROIT (AP) — Jim Farley will lead Ford Motor Co. into the future as the global auto industry faces a new era of autonomous and electric vehicles. The company named Farley, 58, as its new CEO effective Oct. 1, replacing Jim Hackett, who will retire after three years at the helm. Farley, who has...
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August 03, 2020 - 11:04 am
SAN JUAN, Puerto Rico (AP) — The CEO of Puerto Rico’s state-owned power company is resigning as thousands of clients remain without electricity since last week’s tropical storm that further weakened a grid still trying to recover from previous hurricanes and earthquakes, officials said Monday. José...
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