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Sears Didn't Move Fast Enough, CEO Says

Sears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting.

 

Meetup CEO Points To Booming Growth As His Company Hits 100 Million RSVPs

As his company readied to push past the 100 million RSVP mark earlier this month, Meetup CEO Scott Heiferman refused to celebrate.

 

Exxon CEO's Compensation Rises to $40.2 Million

Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million.

 

Judge denies $20M severance deal for AMR CEO

American Airlines CEO Tom Horton - AP

A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005.

 

Facebook's Zuckerberg launches political group

Facebook CEO Mark Zuckerberg has formally launched a political group aimed at revamping immigration policy, boosting education and encouraging investment in scientific research.

 

Burger King CEO to take Heinz reins after deal

The new owners of Heinz are tapping Burger King CEO Bernardo Hees as the company's next top executive, a move that installs one of their own at the helm of the ketchup maker.

 

CEO Tim Armstrong Makes Case (Again) That AOL Is Finally On The Mend

Tim Armstrong - Forbes

AOL has been the sad sack of online media for so long now that it almost makes Yahoo look good. But at least the latest quarter showed the first year-over-year revenue growth in eight years–eight!–so it’s worth looking a little more closely at whether CEO Tim Armstrong has a handle on what can bring the Internet pioneer back from irrelevance.

 

Ron Johnson Out as J.C. Penney Chief

J.C. Penney

After a troublesome, 17-month run, Ron Johnson is out as chief executive of J.C. Penney, and with that, the most closely watched revival effort in retail in recent memory is in danger of disintegrating.

 

Avon eliminating hundreds of jobs; leaves Ireland

Avon is eliminating more than 400 positions and abandoning or restructuring smaller or underperforming businesses in Africa, the Middle East and Europe, including an exit from Ireland. The company said Monday that the job cuts, which equate to about 1 percent of Avon's 39,100 employees, will occur across all regions and segments. It is part of a turnaround plan under CEO Sheri McCoy, with the goal of achieving mid-single digit percentage revenue growth and $400 million in cost savings by 2016.

 

Chief Tries to Infuse Yahoo With a Start-Up’s Spirit

Notorious for flubbing solid acquisitions, Yahoo has bought six small companies under Marissa Mayer in an attempt to cultivate not only innovative technologies, but the engineers who run them.

 

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