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Wednesday, May 1
by
SRN News
UnitedHealth is not too big to fail, CEO tells Senate panel
By Ahmed Aboulenein WASHINGTON (Reuters) -UnitedHealth is not too big to fail, the largest U.S. health insurer’s CEO Andrew Witty told a Senate panel on Wednesday after senators questioned whether its huge size might become a threat to the U.S. economy. Senators on the Finance Committee ...
Wednesday, May 1
by
SRN News
U.S. military personnel had data stolen in UnitedHealth hack, CEO tells Senate
By Ahmed Aboulenein WASHINGTON (Reuters) – Members of the U.S. military have had their data stolen in the recent cyberattack on UnitedHealth’s technology unit that impacted almost all patients and providers, CEO Andrew Witty told the Senate Finance Committee on Wednesday. ...
Tuesday, April 30
by
SRN News
French publisher Lagardere’s CEO quits executive roles due to indictment
By Sudip Kar-Gupta PARIS (Reuters) -Arnaud Lagardere, the chairman and CEO of French publishing group Lagardere SA, has resigned from his executive roles as a result of an indictment against which he will appeal, the company said on Tuesday. The indictment made by French prosecutors on ...
Tuesday, April 30
by
SRN News
Wells Fargo investors approve executive pay, CEO underscores risk controls
By Nupur Anand NEW YORK (Reuters) – Wells Fargo shareholders on Tuesday approved its plans for executive compensation with a majority vote, including hiking CEO Charlie Scharf’s 2023 package to $29 million. His compensation for 2022 was $24.5 million. Scharf told investors at ...
Tuesday, April 30
by
SRN News
Citi CEO says US consumers are more cautious, emphasizes bank overhaul
By Tatiana Bautzer NEW YORK (Reuters) -Citigroup CEO Jane Fraser told shareholders on Tuesday that U.S. consumers are becoming more cautious with their spending and making smaller purchases. U.S. borrowers earning lower incomes are increasingly struggling to keep up with loan payments, prompting banks to ...
Tuesday, April 30
by
SRN News
Analysis-HSBC must prioritise Asian expertise in surprise CEO search
By Sinead Cruise, Lawrence White, Scott Murdoch and Selena Li LONDON/SYDNEY/HONG KONG (Reuters) – Under Chief Executive Noel Quinn, HSBC navigated a global pandemic and a push by rebel investors to break up the 160-year bank. His surprise departure is ...
Tuesday, April 30
by
SRN News
HSBC CEO Noel Quinn plans to retire
HSBC, Europe’s largest bank, says that CEO Noel Quinn plans to retire after serving nearly five years in the post. “After an intense five years, it is now the right time for me to get a better balance between my personal and business life. I ...
Tuesday, April 30
by
SRN News
Binance’s CEO Zhao faces sentencing over money laundering violations
WASHINGTON (Reuters) – The former chief executive of Binance, the world’s largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws. U.S. prosecutors have told District Judge Richard ...
Monday, April 29
by
SRN News
Paramount Global replaces CEO Bob Bakish with a troika of executives
NEW YORK (AP) — Paramount Global on Monday announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company. Bakish will be replaced by a troika of executives who will form a new “Office of the CEO.” The group includes ...
Monday, April 29
by
SRN News
UnitedHealth hackers took advantage of Citrix vulnerabilty to break in, CEO says
By Zeba Siddiqui SAN FRANCISCO (Reuters) – Hackers broke into UnitedHealth’s tech unit on Feb. 12 by exploiting a security vulnerability in software from private IT company Citrix that allows employees remote access to their desktop computers, the largest U.S. health ...
Monday, April 29
by
SRN News
Exclusive-Impossible Foods CEO says company will raise cash with or without IPO
By Jessica DiNapoli NEW YORK (Reuters) – Impossible Foods, which makes meat alternatives from soy, is targeting a “liquidity event” that could include a public offering in the next two to three years, CEO Peter McGuinness told Reuters on Monday, as ...
Monday, April 29
by
SRN News
Insider Q&A: Avelo Airlines CEO Andrew Levy describes the challenges of starting a new carrier
It’s not easy to break into the U.S. airline industry, which is dominated by four big carriers and a sprinkling of other niche players, but that didn’t scare away Andrew Levy. Neither did a pandemic that briefly caused air travel to plummet more than 90%. In ...
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