An investigating judge filed preliminary charges Thursday against the chief executive of Total in a corruption case linked to a 1997 contract with Iran, the company and judicial officials said.
The chief executive of oil company Total was held for a second day of questioning Thursday in an investigation into the group's activities in Iran, while two other executives were released with no charges filed, the company said.
Motorola sharply scaled back its first-quarter earnings estimate, named a new president and chief operating officer, and announced the retirement of its current chief financial officer.Motorola Chief Executive Officer Ed Zander, who is dealing with a swirl of speculation about his future at the company, will apparently keep his post.
John Antioco has been under pressure from board members, including billionaire investor Carl Icahn, who once called Antioco's $54 million severance package "unconscionable."
Chevron Chairman David O'Reilly received a 2006 compensation package valued at $13.5 million for steering the oil company to a record profit while many motorists and politicians were angry about soaring energy prices.
Frank Blake, the chief executive of The Home Depot, defended predecessor Bob Nardelli on Wednesday against criticism he received over the company's lagging stock price and even referred to him as a mentor, but was quick to point out the two have differences.
Warren Buffett and Alan Greenspan offered sharply different views on government regulation of U.S. capital markets, reflecting the divisions among many business and government leaders who gathered in Washington for a high-level conference on U.S. competitiveness.
D.R. Horton, the largest U.S. homebuilder, expects homebuilders' pricing power to return by January 2008, after the hard-hit industry works its way through its inventory of unsold homes, the company's chief executive, Don Tomnitz said on Wednesday. "I don't think '08 is going to be a great year, but it's going to be much better than '07." He also said, "'07 is going to suck, all 12 months of it." Is this kind of language from a CEO acceptable?
Cramer has been behind this former Ma Bell for a long time. And what's not to like? Strong growth, great dividend and an exclusive deal with Apple. Tonight, CFO Lindner gives investors more reasons to smile.
A bill that would give shareholders the right to cast non-binding votes on executive pay sparked sharp comments Thursday at a subcommittee hearing in Washington.
From Enron to Hewlett-Packard to the NYSE, corporate boards have come under heavy fire for one reason or another in recent years, which is changing the pool of directors.
Should companies stop issuing quarterly earnings guidance? That was a major topic of discussion on today's "Morning Call." Dean , executive director of the Business Roundtable Institute for Corporate Ethics, says yes because focusing on quarterly earnings per share guidance often forces companies to concentrate on the here-and-now while under-investing in the future.
Ted Turner calls solar energy the "biggest business opportunity the world has ever seen." And for once, he may be understating it. CNBC's Jane Wells reported on the maverick mogul's plans, on "Morning Call."
What many see as outrageous or obscene compensation for chief executive officers is back in the limelight after some high profile pay packages lately. The House Financial Services Committee Thursday holds a public hearing on the issue and the hue and cry about greed and abuse is bound to bounce off the walls of Congress. The contrarian view is that there is little or no direct link between pay and performance and coupling the two might be detrimental because CEOs would cut corners to boost their pay, eroding the company’s long-term prospects.
The composition of the board of directors at major companies is changing and becoming less clubby. On "Squawk Box" CNBC's Mary Thompson says there’s no shortage of candidates to serve on corporate boards, but they’re now drawn from a different talent pool. In 2001, about half board members were active CEOs. Last year, the figure declined to 29%.
Searching for nuggets of wisdom from the Oracle of Omaha.
The Billionaire Next Door: Warren Buffett
CNBC's Liz Claman Interview with Warren Buffett
Federated Department Stores said stronger same-store sales and lower costs boosted fourth-quarter earnings 5% higher. And Chairman and CEO Terry Lundgren told CNBC's Becky Quick that the parent of Macy's and acquirer of May Stores is getting "better and better."
Forget gas price fluctuations: People have to eat. And remodeled stores, fresh produce and prepared meals boosted quarterly profit at supermarket chain Safeway. So if analysts were disappointed by the firm's sales, well, Chairman and CEO Steven Burd seems happy anyway.