Product that tells our story
A Louisiana factory chief proved to be a real-life Santa Claus — giving each of his 540 full-time employees six-figure bonus checks totaling $240 million. The generous gesture came after the benevolent boss sold the company for $1.7 billion. Graham Walker, the now-former CEO of Fibrebond, told The Wall Street Journal that he would not […]
The former Verizon CEO ousted last month by the company’s board could still collect most of his $20 million pay package — even as the telecom giant bleeds customers, its stock sinks and 15,000 workers face layoffs. Hans Vestberg, the Swedish executive who was pushed out in October, has an ally on the board who […]
McDonald’s Meal Deal photographed in Washington, D.C., on Aug. 26, 2024. Scott Suchman | The Washington Post | Getty Images McDonald’s leadership is urging operators to stay the course on value offerings as the competition for consumers plays out across the restaurant space. In a memo to U.S. operators following the company’s third-quarter earnings, McDonald’s […]
Dan Schulman speaking at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020. Adam Galica | CNBC Verizon announced on Monday that the board of directors has appointed former PayPal CEO Dan Schulman as the company’s new CEO. Schulman replaces Hans Vestberg, who had led the company since 2018. Shares of the company […]
A free-spending hedge fund boss who has been sued by his own mother over unpaid bills has thrown one of his investment funds into bankruptcy — even as he faces a past-due American Express tab worth $370,000, The Post has learned. Jason Ader — a one-time Wall Street mogul who used to appear on CNBC […]
Citigroup’s embattled wealth boss Andy Sieg brushed off reports that he terrorized colleagues with profanity-laced tirades — and hinted that business has improved as laggard employees have gone and been replaced. Sieg, 58, told Fox Business Network anchor Maria Bartiromo on Wednesday that “the stories themselves are not accurate” and insisted the sweeping changes he’s […]
Crumbl co-founder Sawyer Hemsley came out as gay on Monday after rumors about his sexuality surged on social media. Hemsley, who founded the popular cookie franchise in 2017, revealed that he’s faced online speculation about people “trying to define me, twist things, and share conversations in ways that feel harmful” and instead sharing his news […]
The president of CBS News is preparing for a sharp-elbowed shakeup of the network’s struggling “Evening News” broadcast — even as his own position atop the network looks shaky, The Post has learned. Tom Cibrowski — a former top executive at ABC who was lured to CBS in March — is poised as soon as […]
The camera-shy tech CEO caught in an awkward embrace with an employee at a Coldplay concert was allegedly a “toxic” boss — and former employees were “laughing their ass off” at the news, a former colleague exclusively told The Post. Andy Byron, the married CEO of New York-based software firm Astronomer, skyrocketed to internet infamy […]
Skydance Media boss David Ellison has been striking an upbeat tone in his quest to purchase Shari Redstone’s Paramount, On The Money has learned. The budding movie mogul’s quiet confidence to media insiders in recent days may seem a bit odd for regular readers of On The Money. We’ve been chronicling how the $8 billion […]
