Ceo

David Hinton will remain in post while successor is found, utility says, a week after group’s chairman quitThe chief executive of South East Water has announced plans to step down just a week after the group’s chairman quit in the wake of major supply outages in Kent and Sussex.The supplier said David Hinton, who joined the group’s board in 2013, would stay in post to allow an “orderly transition” over the summer while the group hunts for his successor. Continue reading...

Ryan Cohen selling tube socks and baseball cards after offering $55.5bn, although source of funds remains unclearThe CEO of GameStop, Ryan Cohen, said he was selling vintage video games, baseball cards, GameStop merchandise and a $14,000 pair of tube socks to help fund the company’s proposed $55.5bn acquisition of eBay.His platform of choice? eBay, of course. Continue reading...

• Anthropic released 10 financially-focused AI agents on May 5 that can automate tasks like building pitchbooks, auditing statements, and drafting credit memos for banks and insurers. • The company announced new data sources for its Claude AI model and revealed that 40% of its top 50 customers are financial institutions, making finance its second-largest revenue segment after technology. • CEO Dario Amodei predicted further software disruption across industries and called for legislation governing the release of powerful AI models, noting that Claude's Mythos model has likely identified tens of thousands of vulnerabilities.

Ryan Cohen said he didn’t understand questions about how the video games retailer could afford its $55.5bn bidSign up for the Breaking News US newsletter emailGameStop’s shares fell more than 10% on Monday as questions emerged about how the company would finance its surprise $55.5bn bid for eBay.In an interview with CNBC, Ryan Cohen, GameStop’s CEO, skirted repeated inquiries about how the video games retailer could afford the deal, saying he didn’t understand the questions. Continue reading...

• Alpaca, a brokerage API platform, named Rohit Mulani as President of Southeast Asia and David Grant as CEO of Alpaca Singapore. • The leadership additions aim to accelerate growth in the region's fintech and trading sectors. • This move strengthens Alpaca's presence amid rising demand for embedded trading solutions in ASEAN markets.

Analysis finds real wages fell 12% since 2019, with inequality widening in the US beyond global levelsCEO pay increased 20 times faster than worker pay around the world in 2025, according to a new analysis from Oxfam and the International Trade Union Confederation, the world’s largest trade union federation.When adjusted for inflation, global worker pay declined 12% between 2019 and 2025, the equivalent of 108 days of free work during that time period. In comparison, CEO compensation increased by 54% between 2019 and 2025. Continue reading...

Company reported $111.2bn in revenue in first earnings report after announcement of Cook’s pending departureApple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down.Cook reported Apple’s “best March quarter ever” and “double-digit growth across every geographic segment”. He also noted “extraordinary demand for the iPhone17 lineup”. Continue reading...

Utility bills are up as much as 40% in some regions, and companies shut off power to customers 13m times in 2025The US’s top utilities’ CEOs enjoyed a 16% pay raise last year – to an average of $12.3m – even as consumers shoulder the pain from high bills spurred by continuing inflation, the Iran war and datacenter growth, a new review of industry financial documents shows.Utility bills are up as much as 40% in some regions since 2021, and, nationwide, utilities shut off power to customers 13m times last year, federal data shows. Continue reading...

アメリカの大手航空会社、「ユナイテッド航空ホールディングス」のCEOは、同業の「アメリカン航空グループ」に対して合併協議を打診したことを認めた上で、アメリカン航空側が協議に応じなかったため、この構想を断念する考えを明らかにしました。

Jim Taiclet spoke in earnings call as company expands contracts with the US government amid the Iran warLockheed Martin’s CEO has called the Trump administration a “golden opportunity” for the company as it expands its contracting work for the federal government amid the conflict in the Middle East.In an earnings call on Thursday covering the first quarter of 2026, Lockheed Martin CEO Jim Taiclet told investors that the company is well positioned “based on more available resources for us”. Continue reading...

Hardware engineering executive is a longtime Apple insider, indicating company will continue strategy that has led to record profitsApple has announced longtime company veteran John Ternus as the next CEO of the company, succeeding current CEO Tim Cook, who is set to transition to executive chair of Apple’s board of directors later this year.Ternus’s term as CEO will begin on 1 September. The hardware engineering executive is a longtime Apple insider, indicating the company will stay the course that has led to record profits under Cook’s leadership. Apple’s yearly profit now tops $100bn, and in January it announced record revenue from its iPhones, boosted by renewed demand in China. Continue reading...

Cook, who will assume the role of executive chair, will be succeeded by John Ternus as CEO on 1 SeptemberApple announced on Monday that it had named a replacement for Tim Cook as CEO, with head of hardware engineering John Ternus to succeed him. Cook will stay at the company in the role of executive chair.“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being,” Cook said in a press release. Continue reading...

Resignation announced of Jai Patel, whose liquidated crypto firm was relaunched as Stack BTC this yearThe chief executive of a bitcoin company promoted by Nigel Farage has left his role as the venture attempts to convince investors that it is going to deliver “long-term value” for shareholders.Stack BTC was launched to much fanfare in March this year, with Farage and former chancellor Kwasi Kwarteng becoming some of its first shareholders. The company says its founder is Paul Withers, a friend of the Reform UK leader who owns a gold bullion company that Farage has also promoted, Direct Bullion. Continue reading...

• A man has been charged with attempted murder following a Molotov cocktail incident at the San Francisco residence of OpenAI CEO Sam Altman, though no injuries were reported. • The incident represents a serious security threat against a prominent technology executive and reflects growing tensions around artificial intelligence development. • The case highlights security concerns facing tech industry leaders as AI advances generate both public scrutiny and potential extremist attention.

Critics warned of ‘higher ticket prices, more fees, and fewer options’ for passengers if two travel giants try to combineThe CEO of United Airlines is said to have pitched a blockbuster merger with American Airlines during a meeting with Donald Trump, floating the combination of the world’s two largest carriers.Scott Kirby, who leads United, raised the prospect during an encounter with the US president in late February, Reuters reported, citing two unnamed sources. Such a deal would overhaul the global air travel industry – and likely face intense competition scrutiny. Continue reading...

Chris Kempczinski’s taste test was mocked online, to which he said his mother had taught him: ‘Don’t talk with your mouth full’The chief executive officer of McDonald’s recently blamed etiquette guidance from his mother for a February on-camera taste test that made him a target for ridicule – and summarily recorded another video of him eating one of the fast-food giant’s offerings in a manner potential consumers found awkward.Chris Kempczinski suggested to the Wall Street Journal (WSJ) earlier in April that he was simply heeding maternal advice to never talk with his mouth full when he took the humorously small bite at the center of a viral video which depicted him discussing and sampling the new Big Arch burger from McDonald’s. Continue reading...

Suspect arrested but not identified and has allegedly made similar threats to OpenAI’s San Francisco headquartersA 20-year-old man allegedly tossed a molotov cocktail at the home of Sam Altman, OpenAI’s CEO, before the sun rose on Friday, according to statements from San Francisco police.The suspect, who allegedly threw the fire bomb at the $27m North Beach residence around 4.12am, has been arrested but not identified. The same person allegedly threatened to torch OpenAI’s headquarters in the city. No injuries were reported. Continue reading...

Airline projected a $2bn increase in fuel costs this quarter amid volatility in oil markets sparked by the warThe CEO of Delta Air Lines, Ed Bastian, braced customers for higher fares following the surge in oil prices sparked by the US-Israel war on Iran, amid strong demand from passengers.Though rising oil prices have cost the company an extra $330m in fuel expenses, and it projected a $2bn increase in fuel costs in the current quarter, Delta forecast that revenue would grow 10% as flyers continue to book flights. Continue reading...

• QMusic CEO Kris Stewart resigned suddenly on April 3, 2026, following board accusations of improprieties in awarding lucrative media contracts for major events. • The resignation highlights governance issues in the music industry organization. • Stewart's departure raises questions about transparency in entertainment event deals.

• Nvidia CEO Jensen Huang announced expectations of at least $1 trillion in demand for its Blackwell and Rubin AI systems through 2027, doubling from $500 billion projected through 2026. • This projection signals over 100% annual sales growth for Nvidia amid booming data center demand. • The forecast underscores AI's role in driving U.S. tech sector expansion and GDP growth, with analysts citing non-inflationary productivity gains.

Tim Sweeney, chief of firm that created Fortnite, received backlash after worker’s wife revealed loss of life insuranceThe chief of the company that created Fortnite, a popular online game, has issued an apology following backlash after recent mass layoffs cost an employee with terminal brain cancer his job – and his life insurance.On Sunday, Tim Sweeney, the Epic Games chief executive, apologized after Jenni Griffin, the wife of Mike Prinke, a laid off employee, revealed on social media that the loss of her husband’s job also meant he was losing his life insurance. Continue reading...

Michael Rousseau faced mockery for speaking English and not French while addressing fatal LaGuardia airport crashThe head of Canada’s largest airline is stepping down after his video tribute to pilots killed in a fatal collision became a public relations nightmare for Air Canada, prompting a wave of mockery and indignation at him from both the public and politicians for not speaking French.Air Canada’s CEO, Michael Rousseau, will retire by the end of the third quarter of 2026, the company said Monday. He will continue to lead the company and serve on the board of directors until that time, the carrier said. Continue reading...

Jerry Murrell seemingly alluded to healthcare CEO killing when he explained giving bonus to workers after bungled promotionSign up for the Breaking News US email to get newsletter alerts in your inboxFive Guys’ chief executive officer, Jerry Murrell, said he gave a $1.5m bonus to employees of his US-based burger restaurant chain because “I didn’t want anybody shooting me” after the company recently “screwed … up” a buy-one-get-one-free promotion.Murrell did not elaborate on the comment, which he gave to Fortune in an interview published on Wednesday – but it came a little more than a year after the UnitedHealthcare CEO Brian Thompson was shot dead on a midtown Manhattan street in what was widely considered a murderous rebuke of the US health insurance industry’s profit-driven practices. Continue reading...

Labor should urge Australians to rethink purpose of super, Tracey Burton says, so country’s $4tn in superannuation could help plug funding shortfallsGet our breaking news email, free app or daily news podcastLabor should more actively encourage wealthier Australians to spend more of their superannuation on their own care, an industry leader says, to help free up capacity in the struggling system to protect elderly people without means.Tracey Burton, the chief executive of Uniting NSW and ACT, will tell an industry event next week that some wealthier people believe they are entitled to fully publicly funded aged care – even while they maintain large superannuation balances with the intention of leaving the money to their next generation. Continue reading...

Paul Griggs says senior staff at consulting firm who are not ‘paranoid about being AI-first’ are likely to be replacedBusiness live – latest updatesThe US boss of PricewaterhouseCoopers has warned that partners who do not get to grips with AI have no future at the consulting firm.Paul Griggs said senior staff who were not “paranoid about being AI-first” would probably be replaced by others who were ready to embrace the technology. Continue reading...

One of the best-paid executives in Hollywood has already made $113m after selling shares in WBD this monthBusiness live – latest updatesDavid Zaslav, the chief executive of Warner Bros Discovery, is in line for a $700m (£525m) payday from the $110bn sale of the Hollywood studio to Paramount Skydance.Zaslav could receive $34.2m in cash severance payments, $115.8m in vested stock and $517.2m in unvested share awards once the deal is complete, according to a filing from Warner Bros Discovery on Monday. Continue reading...

• Nvidia held its annual GTC technology conference on Monday, March 16, with CEO Jensen Huang delivering the keynote address amid broader market volatility tied to geopolitical tensions and oil price fluctuations. • The event timing coincides with elevated uncertainty in tech stocks, as investors reassess earnings estimates downward and monitor the impact of elevated oil prices on corporate profitability and consumer spending. • Tech sector performance remains sensitive to macroeconomic headwinds, including potential inflation from energy costs and Federal Reserve policy decisions expected this week.

• Adobe's CEO announced his resignation on March 13, 2026, causing the stock to plunge 7.6% in U.S. trading on Friday amid renewed skepticism over its AI initiatives. • The S&P 500 fell 0.6% to around 6,632, with Nasdaq Composite down 0.9%, pressured by oil prices near $100 per barrel from Iran tensions. • This leadership change revives investor concerns about Adobe's competitiveness in AI tools against rivals like OpenAI integrations in competitors.