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McDonald’s board members sued over ‘lavish’ $56 million severance for fired CEO Easterbrook

Nine members of McDonald’s board of directors have been hit with a shareholder lawsuit over $56 million in severance and compensation paid to former CEO Steve Easterbrook, who was fired in 2019 for a consensual relationship wi.....»»

Category: topSource: chicagotribuneApr 28th, 2021

FedEx to cut up to 6,300 jobs in Europe, pay up to $575 million in severance

Shares of FedEx Corp. after the package delivery company said it will cut between 5,500 and 6,300 jobs in Europe as it nears the completion o.....»»

Category: topSource: marketwatchJan 19th, 2021

A new book details how Google employees mocked Marissa Mayer on an internal meme page when she quit for Yahoo

AP Photo/Lionel Cironneau Marissa Mayer was mocked by her former colleagues at Google on an internal meme page after announcing she was leaving to take the top job at Yahoo. A post.....»»

Category: topSource: businessinsiderApr 6th, 2020

Boeing"s ousted CEO departs with $62 mln, even without severance pay

Boeing Co's ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and pension benefits but will receive no severance pay in the wake of the 737 MAX crisis......»»

Category: topSource: reutersJan 10th, 2020

Fired Boeing CEO Muilenburg will get more than $60 mllion

Mr. Muilenburg will not receive any additional severance or separation payments in connection with his departure, and Boeing said he had forfeited stock units worth some $14.6 million......»»

Category: topSource: moneycentralJan 10th, 2020

Boeing"s ousted CEO departs with $62 million, even without severance pay

Boeing Co.....»»

Category: topSource: reutersJan 10th, 2020

Joe Reagan paid $1.1M as St. Louis Regional Chamber lost money for sixth straight year

The chamber of commerce attributed the $1.35 million loss to one-time payments, including $720,000 in severance to former CEO Joe Reagan......»»

Category: topSource: bizjournalsDec 20th, 2019

Former Yahoo CEO Marissa Mayer"s new startup is deliberately targeting "mundane" tasks, and the first one is a holiday app that organizes addresses

AP Photo Former Yahoo CEO Marissa Mayer's startup Lumi Labs launched in March 2018, and has mostly stayed quiet since. Lumi's website says the company is focused on building consumer applications that use AI to solve everyday tasks. The worl.....»»

Category: topSource: businessinsiderDec 16th, 2019

Marissa Mayer is back with a startup focusing on AI

Mayer has been tight-lipped about her new venture, Lumi Labs, which is focused on building A.I. applications for consumers......»»

Category: topSource: moneycentralNov 19th, 2019

Marissa Mayer is back with a new startup focusing on artificial intelligence

Mayer has been tight-lipped about her new venture, Lumi Labs, which is focused on building A.I. applications for consumers......»»

Category: topSource: marketwatchNov 18th, 2019

CBS CEO will keep the top job but still get $100 million in severance

Reuters Media giants CBS and Viacom are planning to re.....»»

Category: topSource: businessinsiderNov 11th, 2019

A jack-o"-lantern tower, zombies, and free toys: 11 photos that show how Palo Alto"s tech billionaires celebrated Halloween

energylabsbr/Flickr Laurene Powell Jobs, Marissa Mayer, and Sheldon Adelson's stepdaughter all hosted extravagant Halloween parties for the public in Palo Alto on October 31, photos and videos of the events shared on social med.....»»

Category: topSource: businessinsiderNov 4th, 2019

WeWork"s co-CEOs have multi-million-dollar severance deals, Bloomberg reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallOct 24th, 2019

Alcoa announces restructuring charges, portfolio review in Q3 results

Alcoa Corp.’s (NYSE:AA) new operating model, set to begin on November 1, will cost the company $37 million in restructuring charges, mainly due to severance costs. During the quarter three earnings call Wednesday evening, Alcoa CEO Roy Harvey said .....»»

Category: topSource: bizjournalsOct 17th, 2019

Toys R Us workers win $2 million severance settlement year after stores closed

A judge approved the settlement for 33,000 former Toys R Us employees who lost their jobs last year when th.....»»

Category: topSource: usatodayJun 27th, 2019

Toys R Us workers win $2-million settlement on severance

A group of Toys R Us workers who lost their .....»»

Category: topSource: latimesJun 27th, 2019

Toys ‘R’ Us workers win $2-million settlement on severance

A group of Toys “R” Us workers who lost their jobs .....»»

Category: topSource: latimesJun 27th, 2019

Marissa Mayer named to board of children"s fashion boutique Maisonette

The Brooklyn-based company is backed by NEA, Pritzker Group Venture Capital, John Fisher of Draper Fisher Jurvetson and Thrive Capital......»»

Category: topSource: bizjournalsJun 10th, 2019

Sears Buyer Wants to Skip $43 Million in Severance Owed to Laid Off Workers

The harder side of Eddie Lampert. When Eddie Lampert committed to buy out Sears from bankruptcy, he agreed to pay displaced workers up to $43 million. Now, he.....»»

Category: europeSource: fortuneMay 29th, 2019

Sears Buyer Wants to Skip $43 Million In Severance Owed to Laid Off Workers

The harder side of Eddie Lampert. When Eddie Lampert committed to buy out Sears from bankruptcy, he agreed to pay displaced workers up to $43 million. Now, he.....»»

Category: europeSource: fortuneMay 29th, 2019