Tag Archives: CEO

Digital Now A Critical Element Of The Market, Says Infosys CEO Salil Parekh

Salil Parekh has been appointed as CEO of Infosys effective from January 2 Bengaluru: Underlining the huge potential of the digital business, Infosys CEO and MD Salil Parekh today said it is a critical element of the market. Addressing journalists while announcing the third quarter results, Parekh said, “We are very clear in any case that the market has evolved and ... Read More »

Never bought a business that wasn’t already part of Quikr: CEO Pranay Chulet

In the North Bangalore headquarters of online classifieds company Quikr India Pvt. Ltd, the conference rooms are called ‘jaldi’, ‘raftaar’, ‘daud’, and so on, names that are synonymous with speed. The nomenclature couldn’t have been more apt, given Quikr has been buying companies at breakneck pace. On Wednesday, it made its latest acquisition, buying blue-collar jobs listing company Babajob in ... Read More »

Starbucks’ CEO transition unlikely to stymie growth: analysts

Starbucks Chief Executive Howard Schultz’s decision to step down is unlikely to hamper growth at the world’s biggest coffee chain as his successor Kevin Johnson is well suited to take the helm, analysts said. Starbucks Corp (SBUX.O) said on Thursday that Schultz would step down as CEO on April 3 to focus on new high-end coffee shops, handing the top ... Read More »

Wells Fargo’s new CEO faces immediate test

Tim Sloan will not have much time to prepare his pitch for Wall Street. The newly installed chief executive of Wells Fargo & Co (WFC.N) will present third-quarter results on Friday, less than 48 hours after replacing John Stumpf at the helm of the bank. Investors are seeking reassurance that Wells Fargo can rebuild its reputation and retain profits while ... Read More »

Wells Fargo CEO John Stumpf quits, replaced by Tim Sloan

Wells Fargo & Co’s (WFC.N) veteran chairman and chief executive officer, John Stumpf, abruptly departed on Wednesday bowing to pressure over its sales tactics that has damaged the bank’s reputation and put Wall Street under renewed scrutiny. San Francisco-based Wells Fargo said Stumpf, 63, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim ... Read More »

Sumner Redstone has power to remove Viacom CEO from his trust

Sumner Redstone has the power to remove Viacom Inc (VIAB.O) Chief Executive Philippe Dauman, but not his daughter Shari, from the trust that will control his $40 billion media empire after his incapacitation or death, according to two sources familiar with the matter. There is no evidence that Sumner Redstone is considering replacing Dauman. But the fact that Shari Redstone ... Read More »

Valeant CEO to tell Senate he regrets raising heart drug prices

Outgoing Valeant Pharmaceuticals (VRX.TO) Chief Executive Michael Pearson plans to tell a U.S. Senate panel on Wednesday that he regrets his decision to acquire and jack up the price of two life-saving heart drugs, saying it was all a “mistake.” “The company was too aggressive- and I, as its leader, was too aggressive – in pursuing price increases on certain ... Read More »

Goldman Sachs pays CEO Blankfein $22.6 million for 2015

Goldman Sachs Group Inc (GS.N) paid Chief Executive Lloyd Blankfein $22.6 million for 2015, according to a regulatory filing on Friday, marking his first pay decline in four years. Blankfein received $24 million for 2014. On top of his salary and other awards, Blankfein is eligible to receive a total of $7 million based on the bank’s performance over the ... Read More »