Procter & Gamble's stock price soared 79 percent when A.G. Lafley was CEO before, reports CNBC's Jackie DeAngelis. Bob Damon, Korn/Ferry International, and Fred Hassan, Warburg Pincus, discuss what bringing Lafley back says about the overall executive talent pool.» Read More
Procter & Gamble's stock price soared 79 percent when A.G. Lafley was CEO before, reports CNBC's Jackie DeAngelis. Bob Damon, Korn/Ferry International, and Fred Hassan, Warburg Pincus, discuss what bringing Lafley back says about the overall executive talent pool.
Same-store sales dropped at Abercrombie & Fitch in its first quarter. Stacey Widlitz of S.W. Retail Advisors, discusses how to play the stock now. And Sapna Maheshwari of BuzzFeed explains her claim that top execs at the retailer are concerned about its CEO's amount of power within the company.
Bob McDonald's resignation from Procter & Gamble was not a shock to many analysts, reports CNBC's Jackie DeAngelis. Jim Stengel, former global marketing officer for Procter & Gamble, discusses former CEO A.G. Lafley's return to the company.
CHICAGO-- Allscripts Healthcare Solutions Inc. said Friday it added Anita Pramoda and Michael Klayko as directors, expanding its board to eight members. Pramoda is the former chief financial officer of Epic Systems Corp., a competitor to Allscripts. Klayko was the CEO of computer networking technology company Brocade Communications from 2005 to 2013..
NEW YORK-- Procter& Gamble shares approached their all-time high on Friday after the world's largest consumer goods maker said current CEO Bob McDonald is retiring and his predecessor A.G. Lafley was taking back the top spot.
A.G. Lafley's return as boss at P&G will be beneficial to the company because he "knows where the bodies are buried," management expert Jeffrey Sonnenfeld tells CNBC.
VIENNA, May 24- Raiffeisen Bank International Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity over personal property deals that triggered scrutiny by the lender and regulators.
According to sources, IRS Director of Exempt Organizations Lois Lerner has been placed on administrative leave, reports CNBC's Hampton Pearson.
Senators John McCain (R-AZ) and Carl Levin (D-MI) are calling for the removal of Lois Lerner, the IRS Director of Exempt Organizations, reports CNBC's Hampton Pearson.
NEW YORK-- Shares of Forest Laboratories Inc. rose to a year high Thursday after the drugmaker said Howard Solomon, its CEO for 36 years, will retire at the end of 2013..
SAN DIEGO-- Biopharmaceutical company Halozyme Therapeutics Inc. said Thursday that it has named David Ramsay as chief financial officer, replacing Kurt Gustafson. Gustafson had been an executive at Amgen Inc. before he joined Halozyme in 2009. Halozyme said he was leaving the company to pursue other opportunities.
May 23- The U.S. regulator of corporate auditors said on Thursday that the U.S. arm of global accounting firm Ernst& Young failed to fix quality control problems found in earlier reviews. The report from the Public Company Accounting Oversight Board is a blow for the firm, which markets itself as a global leader in audit quality.
CLEVELAND-- KeyCorp has named Donald R. Kimble as its new chief financial officer.
NEW YORK-- Forest Laboratories Inc. said Thursday that longtime executive Howard Solomon will retire as president and CEO at the end of 2013..
May 23- Forest Laboratories Inc said on Thursday that Howard Solomon, who has led the biotech firm since 1977, will retire as chief executive officer at the end of this year and the company will name a successor by that time. Forest Labs adopted a shareholder rights plan last year after investor Carl Icahn built up a more than 10 percent stake in the company.
British regulators fined JPMorgan Chase $4.7 million on Thursday for failings in its wealth management division.
Steve Durose, Senior Director, Head of APAC TMT Ratings at Fitch Ratings, is doubtful a spin-off of Sony's entertainment business would deliver significant focus or capital to its electronics unit.
May 22- Zale Corp said on Wednesday its new chairman would be the former chief executive of its biggest rival, and shares of the mid-tier jeweler jumped 30 percent. Terry Burman, who was CEO of Kay Jewelers parent Signet Jewelers Ltd from 2000 to 2011 and oversaw large U.S. market share gains, will take up the chairmanship post next Friday, Zale said.
NEW YORK, May 22- Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the company and advised shareholders to vote for the deal.
NEW YORK, May 22- Clearwire Corp said on Wednesday its special committee and its board of directors approved majority shareholder Sprint Nextel Corp's revised offer to take over the company and advised investors to vote for the deal.