Money Talking: The Rise of the Activist Investor
Rana Foroohar (TIME) and Steve Bertoni (Forbes) join Charlie Herman (WNYC) on WNYC’s Money Talking to discuss the rise of the activist investor. Who benefits when the Carl Icahn’s of the world take on corporate America? Is the recent activity of shareholder democracy good or bad? Rana and Steve also weigh on what stories they’re watching. Finally, the “Weekend Reading List” – those stories, books, articles (CEO letters to shareholders?) that you just can’t get to during the week, what everyone’s planning on reading this weekend.
Can J.C. Penney’s Ullman pull a Steve Jobs?
J.C. Penney tried to steal some of Apple’s magic when it poached Apple retail guru Ron Johnson to be its CEO. And the company seems to be trying again with Myron “Mike” Ullman, the retailer’s once and future CEO.
Chesapeake Energy will be on budget this year: CEO
HOUSTON - Chesapeake Energy Corp is on track to make its budget for the year, Steve Dixon, the company's newly appointed interim chief executive officer, said on Monday.
Found 1 month ago on channel Reuters
NBC News President Steve Capus Resigns
NBC News President Steve Capus is stepping down, six months after NBCUniversal CEO Steve Burke named Pat Fili-Krushel to oversee the company's news operations.
Apple Shares Plunge 10% on Slowing Growth, New Product Jitters
For years, Apple consistently beat Wall Street expectations, not only because the company habitually low-balled its financial projections, but also because it was growing at a rate and scale that was virtually unprecedented in the history of corporate America. It appears those days are over. For the third consecutive quarter, Apple, the world’s largest technology company, fell short of analyst estimates, sending the company’s stock down a whopping 10% in after-hours trading, wiping out nearly $50 billion in shareholder value. Although it reported record financial results, Apple’s slowing growth has raised questions about the next phase in the company’s evolution. (MORE: Apple Profit Surges 24% Ahead of Holiday Blowout; CEO Tim Cook Disses Microsoft) One thing is for sure: The numbers associated with Apple’s business are staggering. Apple sold 47.8 million iPhones and 22.9 million iPads during the holiday quarter, but both of those figures were about one million short of analyst ...