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...