senior level management
National Enquirer Parent, Ex-CEO Fined for Breaking Election Law in 2016 Campaign
The May 17 agreement between A360 Media LLC and the FEC characterized the $150,000 payment to model Karen McDougal as an illegal corporate campaign contribution. Federal law prohibits companies from making contributions to candidate committees. A spokesman for A360 Media and David Pecker, the former chief executive of American Media Inc., didn’t have an immediate …
Walmart Sales Growth Helped by Stimulus
Walmart Inc.’s WMT 1.86% sales continued to rise during the spring quarter though at a slower pace than earlier in the Covid-19 outbreak, as some consumers returned to more typical shopping patterns and U.S. government stimulus stoked spending. Comparable sales, those from U.S. stores and digital channels operating for at least 12 months, rose 6% …
GameStop Is Hiring. The Focus Is on Technology.
Text size GameStop is increasingly focusing on e-commerce. Spencer Platt/Getty Images GameStop ‘s executive shake-up continued this week with the announced departure of Chief Merchandising Officer Chris Homeister. Expect more hiring as the retailer continues to focus on e-commerce. A person familiar with the matter told Barron’s that hiring talent from e-commerce and technology companies …
IBM Doubles Down on Cloud Bet With New Leadership Team
In his 30 years at International Business Machines Corp., IBM 4.56% incoming Chief Executive Arvind Krishna has witnessed what works in corporate turnarounds and, more recently, what doesn’t. Mr. Krishna, 57 years old, is only the 10th chief executive in IBM’s 108-year history. He takes over a company that has been in transition for almost …
Intel Hires HPE Technology Chief as New CIO
Archana Deskus has been appointed senior vice president and chief information officer at Intel Corp. Photo: Hewlett Packard Enterprise Intel Corp. said it has hired a new chief information officer to run global information technology and drive a digital transformation that includes the use of analytics and machine learning. Archana Deskus will start as …
GE Pitches Investors on Its Health-Care Unit, a Steady Source of Cash
General Electric Co. aims to excite investors about its health-care division, a business that was tagged to be cast off but is now central to the company’s turnaround efforts. GE Healthcare, which is based in Chicago and employs more than 50,000 people, makes magnetic resonance imaging machines and other hospital equipment. At the depths of …
Some Expected Larry Culp to Break Apart GE. Instead, He’s Trying to Fix It.
When Larry Culp gathered top General Electric Co. officers for a summit north of New York City last month, the chief executive had a message for them. He wasn’t going to dismantle their company. Now it had a new CEO, an outsider known for running his previous company as a collection of independent businesses orbiting …