Ceo | featured news

After what has been years of speculation, Viacom today announced that veteran Judy McGrath is resigning from her position as Chairman and CEO of its MTV Networks. McGrath, who had been at MTV almost from the beginning, starting as a copywriter at the music channel in 1981, was named Chairman and CEO of MTV Networks in July 2004 by then-Viacom co-president and co-COO (and McGrath mentor) Tom Freston to whom she reported. But after the abrupt firing of Freston in 2006, there was rampant speculation that she would leave too.

Berkshire Hathaway said Wednesday that a former top executive who many believed might one day succeed Warren Buffett as CEO violated the company’s insider trading and ethics policies by buying stock in a chemical company Berkshire is acquiring and failing to disclose key details.

The US is fast being replaced by China in high end spending. China is likely to pass the US and become the No. 1 market for Lamborghini later this year, company CEO Stephan Winkelmann told Reuters this week.

PG&E said its chief executive will retire at the end of the month and it is conducting a search for a successor, a surprise change at a utility rocked by a series of setbacks. Peter Darbee, PG&E's chairman and chief executive, was brought in in 1999 as an outsider who would bring fresh ideas, but appears to have been felled by inattention to the bread-and-butter basics of the utility business: providing safe and reliable service to customers.

The CEO of Wal-Mart Stores Inc. received a pay package in 2010 worth $18.7 million, a 4 percent dip from the year before, according to an Associated Press calculation, as the world's largest retailer struggled to reverse a decline in a key revenue figure.Mike Duke, 61, received a base salary of about $1.2 million and a performance-based bonus of nearly $3.9 million for the fiscal year that ended Jan. 31.

CBS Corp. Chief Executive Les Moonves received compensation for 2010 valued at about $57.7 million, up by about a third from his compensation for the previous year.

Google Inc's stunning 54 percent spending surge in the first quarter spooked investors already worried its new CEO may take his eye off the bottom line to chase revenue growth.

It's a sea change at the Academy of Motion Picture Arts and Sciences.

Larry Page, who returned as chief executive of Google on Monday, put his stamp on how he will run the Internet giant with a major reorganization of his management team on Thursday.

Many customers of Web host GoDaddy.com have jumped ship after CEO Bob Parsons posted a video of himself shooting an elephant in Zimbabwe last week. More than 20,000 former GoDaddy users have
transferred their accounts to rival NameCheap.com, which promised to
donate 20 percent of the revenue raised to the nonprofit Save the Elephants.