Guotai Junan has not heard from CEO Yim Fung in nearly a week,» Read More
*Toshiba suing 5 former execs for $2.44 mln. TOKYO, Nov 12- Toshiba Corp's lawsuit against former executives linked to a $1.3 billion accounting scandal is a defensive manoeuvre that highlights a lack of sincere reform, lawyers and corporate governance experts said. The 300 million yen in damages Toshiba is seeking pales in comparison with the over $7 billion...
NEW YORK, Nov 8- A few days after joining the board of Atlantic Power, private equity veteran Gilbert Palter said he got a flurry of calls from the energy company's top shareholders, who wanted more than just to wish him well. And they wanted to bend my ear with their own thoughts, "said Palter, co-founder of EdgeStone Capital Partners in Toronto. From JPMorgan Chase& Co...
HAMBURG, Germany, Nov 6- Scandal-hit carmaker Volkswagen's design chief Walter Maria de Silva has quit, a source familiar with the matter said, confirming a report in Auto Motor und Sport. VW is already struggling to deal with the fallout of its admission that it cheated on diesel-emissions tests in the United States, which forced its chief executive to quit and...
Ron Baron, Baron Capital chairman & CEO, stresses the importance of great leadership among the world's top business and cites Volkswagen's emission scandal as an example of short-term thinking on the corporate level.
John Engler, Business Roundtable president, zeros in on the issues the business community wants to see the next commander-in-chief tackle, such as a slow economy, tax reform and trade.
NEW YORK, Nov 2- The Federal Reserve's New York branch on Monday named James Gorman, the chief executive of Wall Street bank Morgan Stanley, to its board of directors for a three-year term beginning in January. The appointment, however, may raise questions after the New York Fed, the central bank's eyes and ears on Wall Street, was criticized in recent years for what...
FRANKFURT, Nov 2- Commerzbank will pay a dividend for the first time since 2007 as its recovery gains ground, it announced on Monday, the day after its chief executive, the architect of the bank's turnaround, said he would step down in a year's time. Germany's second-largest lender said it will propose a payout of 20 euro cents per share for 2015..
The chairman of the board of Commerzbank, Martin Blessing, has said he will not extend his contract when it ends next October.
LONDON, Oct 28- British bank Barclays Plc has appointed James "Jes" Staley chief executive and said the former JPMorgan investment bank boss will be paid up to 8.24 million pounds a year. Staley will take the Barclays helm at the start of December. He will be granted about 1.9 million pounds of Barclays shares to compensate him for an unvested share award granted to...
Oct 19- United Continental Holdings Inc said late Monday that its general counsel Brett Hart would take over as acting chief executive officer while CEO Oscar Munoz goes on medical leave, following a heart attack he suffered last week. Munoz, 56, assumed the top job at United last month and met with workers and air travelers across the United States for input on...
Ed Stack, Dick's Sporting Goods CEO, discusses how budget cuts is impacting sports programs in schools and what his company is doing to try and gap the shortfall. Also, Terry Lundgren, Macy's chairman & CEO, Michelle Peluso, Gilt Groupe CEO, weigh in on the future of retail.
Terry Lundgren, Macy's chairman & CEO; Michelle Peluso, Gilt Groupe CEO; and Ed Stack, Dick's Sporting Goods CEO, discuss Wal-Mart, consumer spending, the jobs picture and how technology is changing the retail experience.
It's about making an authentic connection, says Michelle Peluso, Gilt Groupe CEO, weighing in on what millennials want from their shopping connection.
Terry Lundgren, Macy's chairman & CEO; Michelle Peluso, Gilt Groupe CEO; and Ed Stack, Dick's Sporting Goods CEO, discuss the changing retail landscape and upcoming holiday shopping season.
Ed Stack, Dick's Sporting Goods CEO, discusses the changes he sees in the way sporting goods are sold.
Terry Lundgren, Macy's chairman & CEO, and Michelle Peluso, Gilt Groupe CEO, discuss how the strong U.S. dollar is impacting the retail sector and weigh in on consumer spending projections and e-commerce growth.
Deutsche Bank on Sunday announced a sweeping reorganization plan designed to "fundamentally change" how it does business.
Jeffrey Sonnenfeld, Yale School of Management, weighs in on DuPont's Ellen Kullman stepping down and General Electric's earnings on the heels of Nelson Peltz's big bet on GE.
Jeffrey Sonnenfeld, Yale School of Management, has questions about Theranos technology and board members.
Facebook COO Sheryl Sandberg has some advice for women: every day, write down three things you did well.