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Good morning. My name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the Wells Fargo Fourth Quarter 2017 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a ...
s most recent cash infusion came from some of its most loyal lenders: affiliates of Chairman and CEO Edward Lampert's hedge fund, ESL Investments. Hoffman Estates-based Sears announced Wednesday it had received a $100 million loan, but it did not disclose the source of the funds. In a regulatory ...

This interview is part of our series of Growth Stories. We interviewed the founders and CEOs of 20 of the fastest growing startups in Europe. We asked them about their companies, their companies' culture, and their lives, trying to understand how these three factors played a role in the achievement of such ...
Goldman CEO Lloud Blankfein responded to President Donald Trump's reported characterization of certain nations as "sh--hole countries" in a Tweet. Blankfein posted a picture of the Statue of Liberty through a thick layer of fog with the caption: "View from our building today reminds me that despite all the ...

I talked with CEO Doug McMillon about this change when I interviewed him at the Economic Club of New York in November. ... Treasury undersecretary, that called on public company CEOs to invest their tax windfalls in plants, people, research and technology, rather than in dividends and share buybacks.
In-home package delivery could grow to rival voice assistants as a driver of smart home product sales. At least that's what August Home CEO Jason Johnson tells us. It's also apparently the belief of Sweden's Assa Abloy, the world's largest lock maker and the parent to Yale Locks. Assa Abloy just acquired ...
Another example of a little vulnerability going a long way is a mid-size manufacturer whose private equity parent hired a new CEO to replace its founder. The new CEO was a seasoned business technologist with a track record of leading growth in relatively short time frames. The founder was a passionate ...
The CEO of big drugmaker Merck said consumers should be receiving more of the rebates being negotiated for medications. CEO Ken Frazier said he would be in favor of online retailer Amazon entering the drug distribution field if it made medication delivery more efficient. Frazier said, "I can't say I was ...
AN FRANCISCO -- There are more men named Michael (22) than female CEOs (20) giving company presentations at this week's J.P. Morgan healthcare Conference. All told, men ... This year's schedule features 23andMe CEO Anne Wojcicki and the billionaire philanthropist Bill Gates, among others.
It was supposed to be about the future, but things haven't exactly been going as planned for chip manufacturer Intel. On Monday evening, CEO Brian Krzanich took the stage at CES in Las Vegas to deliver a keynote speech billed as a look toward how data will transform our lives. Unfortunately for the ...
Intel has been under fire since it was revealed that many of its processors have a vulnerability that could allow attackers to steal data. Krzanich said on Monday that the exploits haven't been used to steal customer data. He thanked the industry for its "remarkable" response, with Microsoft, Apple, Google, and Amazon getting ...
China's burgeoning financial technology industry went through plenty of ups and downs last year, but growing pains experienced in the sector aren't fazing one local player. Growth in the fintech space -- which encompasses everything from peer-to-peer lending to insurance technology (insurtech) -- has ...
Nitin Rakesh: It's fairly common practice to associate the Chief Executive Officer's job with that of the chief strategy officer. I don't think it's fair to have that faith and belief from all stakeholders, especially shareholders, the board, and employees. [After joining] Mphasis as CEO, when I met employees and other ...
CES is ramping up in Las Vegas this weekend, with today marking the global launch of a new Chinese electric vehicle brand. The executive team behind Byton unveiled a nearly production-ready version of what they refer to as their "smart intuitive vehicle," an all-electric SUV with a futuristic-looking ...

Since spinning off from Ford Motor Co. in 2000, Visteon Corp. has been in a continual state of identity crisis. The supplier stumbled through board turmoil, bankruptcy, multiple CEOs and, over time, a drastic paring-down of its businesses. CEO Sachin Lawande took over the top executive spot in mid-2015 ...
Recode sources understand that Sprint CEO Marcelo Claure is taking one of SoftBank's two slots on Uber's board of directors in the "next few weeks." The other slot is reportedly slated to go to Rajeev Misra, the leader of the SoftBank Vision Fund that took charge of the Uber deal. Neither Uber nor SoftBank ...
Jim Atty: Young CEO raising the bar in health care ... WAVERLY -- At 35, Jim Atty is the Chief Executive Officer at Waverly Health Center. ... The CEO is a participant in Leadership Iowa, an issues-awareness program promoting leadership within the state, and also has served in several leadership positions ...
Good Monday morning. Intel's C.E.O., Brian Krzanich, still faces plenty of questions about the chip maker's response to the Meltdown and Spectre security flaws. Jared Kushner is under more scrutiny for his family businesses' ties to Israeli companies. And why farmers are worried about the tax overhaul.
For Porter Braswell, CEO of diversity hiring platform Jopwell, communicating with others fell victim to the curse of multitasking. We're all guilty of that once in a while-say, by reading the news, perusing social media, or sending emails during meetings. But Braswell says he's working especially hard to keep ...
Birchbox CEO Katia Beauchamp's schedule is pretty jam-packed. And that's not just because she runs the beauty subscription company that she co-founded in 2010. Beauchamp is also the mother of three sons, including a newborn baby. For her, balance isn't about checking off tasks on her to-do list.
There was a collective gasp among many indie email newsletter writers (and some indie email readers) this week when an Inc headline circulated, reporting that MailChimp would "phase out its popular TinyLetter email service." The article itself was not clear about what that meant. It stated that "TinyLetter's ...
Phil Hagerman, CEO and board chairman of Diplomat Pharmacy Inc., announced his retirement on Friday after nearly three decades in the post. The Flint-based company named a chairman and interim CEO in his stead, effective immediately. Phil Hagerman. Hagerman will retain the title of chairman ...
Hartford's finances may not be sturdy enough for months or even longer before city officials can accept a $50 million donation from a group of three insurers, the Chief Executive Officer of The Hartford Financial Services Group Inc. said Friday. "It was always conditioned on the city having a … stable future, ...
Richard Fairbank spent three decades building capital One Financial Corp. into a credit-card powerhouse, using catchy television ads with celebrities asking viewers "What's in your wallet?" Today, there's more than $1 billion in his. Fairbank, 67, among the longest-serving bank CEOs in the U.S., has ...
Neiman Marcus is appointing Ralph Lauren veteran Geoffroy van Raemdonck to succeed Karen Katz as its CEO, the retailer announced Friday. Katz's retirement is effective Feb. 12, 2018. However, she will continue to serve on the company's board of directors, Neiman Marcus said. The move comes at a ...
Brian Krzanich, Chief Executive Officer of Intel Corp., speaks during Automobility LA. ... Intel CEO Brian Krzanich sold half of his stock several months after learning there were security flaws in billions of microchips across the industry, raising questions about the timing of the sale and his confidence in the ...
A simmering feud over Ripple, which in recent days has become the second most valuable digital currency after bitcoin, boiled over Thursday evening in bitter twitter exchange involving the company's CEO Brad Garlinghouse. The fight erupted after Nate Popper, a New York Times journalist and author of ...
What do you do if you're in charge of a billion-dollar corporation and you've just found out your company has left hundreds of millions of people vulnerable to electronic attack? If you're Richard Smith, former CEO of Equifax, you cash out your stocks before anyone finds out. And if you're Brian Krzanich, ...
There are serial entrepreneurs, and there are successful serial entrepreneurs. It's arguably easy to start a bunch of companies that fail. But it's difficult to start more than one company, nurture it into growth and success - and then do that again. Neil Grimmer falls squarely into the latter category. The CEO of ...
London -- On the first Thursday of 2018, the average FTSE 100 CEO will already have earned more money than the typical UK worker will earn all year. Top executives will earn more than ordinary workers in only three working days, according to analysis by think tank The High Pay Centre and the ...
FILE - In this May 25, 2017, file photo, facebook CEO Mark Zuckerberg delivers the commencement address at Harvard University in Cambridge, Mass. Zuckerberg says his "personal challenge" for 2018 is to fix Facebook. Zuckerberg wrote in a post Thursday, Jan. 4, 2018, that he now wants to focus on ...
As Neiman Marcus continues to grapple with a steep debt load and industry headwinds, CEO Karen Katz is stepping down, sources familiar with the matter told CNBC on Thursday. The luxury retailer has already identified her replacement, the sources added. The successor could be named as soon as ...
CEOs sell stock for all kinds of reasons: diversification, liquidity, financing a big purchase. But that's a massive amount of stock that Krzanich dumped, and holding the minimum isn't a great look. "In all the years I've been at this and of all the companies I've covered, I can't recall another single massive sale ...
Out of the 100 highest-paid CEOs of Houston-based public companies, only two women have leading roles. Salary analysis of the greater Houston public company CEOs show one woman, Vicki Hollub, CEO of Occidental Petroleum Corp. (nyse: OXY), is among the 10 highest-paid with a total ...
He joined Shaw Communications in 1982 as a construction worker and cable installer and worked his way up, becoming VP Operations in 1987, President in 1995 and CEO in 1998 -- succeeding his father, J.R. Shaw, who launched the company in 1966. Jim Shaw joined the Shaw board in 2002 and was ...
Over the holidays, dual-CEO Jack Dorsey took a break from running twitter and Square to try a silent meditation known as Vipassana for 10 days. Vipassana -- an ancient Buddhist meditation technique that frequently involves 10 days of silence -- is gathering fans in silicon Valley. The practice aims to calm and focus the ...
Tech-educator Galvanize announced Wednesday that it hired Alfonso Rosabal as its new Chief Executive Officer, replacing company co-founder Jim Deters, who stepped down as CEO last July. Rosabal most recently served as chief operations officer of Centennial-based National CineMedia, which ...
When Michele Buck was tapped to run Hershey (hsy, -0.24%) in March 2017, she became the first female CEO in the company's 123-year history. Fortune included her on our 2017 list of the 50 Most Powerful women in Business for the first time. And she is now a member of the elite club of women CEOs ...
While the two sides tangled in court, Wells Fargo CEO Tim Sloan appeared before the Senate Banking Committee on October 3. And when Senator Jon Tester (D-MT) asked Sloan point-blank if wells Fargo was using arbitration clauses from real accounts and applying them to fake accounts, Sloan said, ...
Intel CEO Brian Krzanich sold off $24 million worth of stock and options in the company in late November. The stock sale came after Intel was informed by Google of a significant vulnerability in its chips -- a flaw that only became public this week. Intel says the stock sale was unrelated to the vulnerability, but came as part of ...
After a high-profile government review of the UK Corporate governance Code in 2017, Britain's leading companies will now be forced to disclose the pay ratio between the CEO and average worker, a move welcomed by the High Pay Centre's Stefan Stern. "Publishing pay ratios will force boards to ...
Tesla CEO Elon Musk reportedly arrived in Chile this week, sparking rumors in the lithium world, which Chile is the center of in some sense. Chilean media are reporting that Musk arrived in the country on Wednesday. Latercera reported: "Sources from the Investigative police (PDI) confirmed their arrival in ...
Just three months after Mike Cagney's board ousted him amid allegations of sexual harassment, the founder of SoFi is already plotting his comeback. Cagney has been approaching investors in recent weeks about a new fintech startup with a plan to raise about $25 million, according to multiple people ...
Reinhard Ploss, CEO of German semiconductor manufacturer Infineon arrives for the annual news conference in Neubiberg near Munich, Germany, November 14, 2017. Reuters/Michael Dalder Reuters. Frankfurt (Reuters) - German chipmaker Infineon does not see itself as vulnerable to a takeover ...
Oriental Trading CEO 'excited about the results' he's seeing with device to treat brain tumors. Sam Taylor, the Chief Executive Officer of Omaha's Oriental Trading Co., wears the device, called Optune, on his shaved head for about 20 hours a day.
The cryptocurrency mining startup NiceHash has replaced its CEO just weeks after a hacker stole $63 million worth of bitcoin from the company. Marko Kobal, the company's ousted CEO, will sell his stake in NiceHash to an outside investor. Investor funds will also be used to reimburse NiceHash users for any bitcoin that ...
Chipotle founder Steve Ells announced last month that he would be exiting as CEO at the Denver-based bulging-burrito chain (NYSE: CMG) while staying on as executive chairman. At the time, Chipotle's share price stood at $302, down from $749 in August 2015. (Shares closed at $295.69 on Wednesday.).


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