NEW YORK— Allegiant Travel said Wednesday that President and Chief Operating Officer Andrew Levy resigned his executive roles and will step down from the board of directors. He has been with the company for 13 years, and has been president of Allegiant since 2009. Allegiant said Chairman and CEO Maurice Gallagher Jr. will share Levy's duties with executive...» Read More
Bear Stearns's board is talking about a successor for Chief Executive Jimmy Cayne, CNBC has learned.
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Sprint Nextel on Tuesday named former Embarq Corp Chief Executive Dan Hesse as its president and CEO, effective immediately.
Thornburg Mortgage said Tuesday that it promoted its chief operating officer to CEO and reinstated a quarterly dividend despite ongoing turmoil in the mortgage market.
Novellus Systems, a supplier of equipment for making microchips, said Monday that its chief financial officer will resign around late February and join a private venture-backed company.
Student lender SLM -- better known as Sallie Mae -- said Friday that its executive chairman Albert Lord will take on the extra role of chief executive officer.
Merrill Lynch ousted Chairman and Chief Executive Stan O'Neal just days after reporting the biggest quarterly loss in the company's history, making him the highest-ranking casualty in the U.S. subprime mortgage crisis.
Goldman Sachs Chairman and Chief Executive Lloyd Blankfein is likely to get a 30 percent pay rise this year to about $70 million, despite the liquidity squeeze which has seen shares in the banking sector tumble, the Financial Times reported on its Web site.
China and online advertisers will be the saviors of the advertising industry, according to Sir Martin Sorrell, CEO of advertising giant WPP.
C-suite confidence is at its lowest level since May of 2003, according to a new survey by Chief Executive Magazine.
Merrill Lynch's new Chief Executive John Thain has received about $2.6 million in restricted stock and nearly 43,000 options to replace shares he forfeited by leaving NYSE Euronext, according to U.S. regulatory filings.
Josef Ackermann, Chief Executive of Deutsche Bank, has turned down an approach from Citigroup about taking the CEO job vacated last month by Charles Prince, the Financial Times reported.
Executive search firm CT Partners took its annual look at the hottest jobs in business and the characteristics of the executives who fill these positions. Executives with a track record of managing risk are in demand.
H&R Block, the largest U.S. tax preparer, said that Chairman and Chief Executive Mark Ernst had resigned, following mounting losses tied to subprime mortgages.
Newly appointed NYSE Euronext Chief Executive Duncan Niederauer subtly differentiated himself from predecessor John Thain Thursday, but said he planned no change of strategy or philosophy at the exchange.
John Thain told CNBC that he sees his new job as CEO of Merrill Lynch as "an opportunity to make things better" after the financial giant suffered huge subprime-related losses.
Citigroup has placed sole responsibility for its fixed-income, commodities and currencies group in the hands of a London-based executive following the restructuring of its capital-markets unit, the Wall Street Journal said Thursday in its online edition.
Merrill Lynch's decision to name John Thain as its new chief executive came after the firm's first choice, BlackRock CEO Larry Fink, demanded that Merrill make a full accounting of its subprime exposure, CNBC has learned.
Merrill Lynch plans to announce shortly that NYSE Euronext CEO John Thain will become its new chief executive, according to two reports.
Dennis Kozlowski has gone from the pinnacle of corporate power to the prison laundry, where he is washing other inmates' clothes when he's not helping them get their high school diplomas, the disgraced Tyco CEO says in an exclusive interview with CNBC.
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