Citigroup increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million for 2023, the lender said in a filing on Tuesday. Her pay was comprised of a base salary of $1.5 million, cash bonus of $3.7 million and $20.8 million in deferred performance-linked stock, according to the filing. Fraser’s compensation was determined by … Read more
Opinions expressed by Entrepreneur contributors are their own. On this episode of The CEO Series, we got a front-row seat to leadership lessons from Stan Chia, CEO and Board Director of Vivid Seats. Vivid Seats is an online ticket marketplace that did over $500 million in 2022. Stan shared amazing insights into running a huge … Read more
Adam Neumann, WeWork’s disgraced billionaire founder, has reportedly spent the past several months trying to buy back the bankrupt co-working giant after being ousted as its CEO five years ago. A team of lawyers led by Alex Spiro of Quinn Emanuel — who also represents Elon Musk and Jay-Z — penned a letter earlier reported … Read more
This article originally appeared on Business Insider. Elon Musk warned Tesla workers to prepare for a challenging production ramp-up as he previewed plans to build a mass-market vehicle. The Tesla CEO said on the company’s Wednesday earnings call that building Tesla’s next-generation EV, set to enter production in 2025, will require Tesla workers to live … Read more
This article originally appeared on Business Insider. A longtime JPMorgan executive who has kept a low public profile while cultivating a reputation as a successful trader with a talent for managing risk is emerging as a contender to succeed Jamie Dimon as chief executive. Dimon, the longest-tenured Wall Street CEO, has not revealed plans to … Read more
H&M’s CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost sales and profitability. Shares in the Swedish fashion retailer dropped 8% as outgoing CEO Helena Helmersson said she had decided to leave the company after four years in the top job, … Read more
JPMorgan Chase shuffled executives in its investment banking and consumer units on Thursday, giving them more experience running different businesses as Wall Street focuses on the bank’s succession plans for CEO Jamie Dimon. The largest US lender appointed Marianne Lake sole CEO of the consumer division, which was previously run together by Lake and Jennifer Piepszak, according to a filing. … Read more
Several prominent companies will ring in the new year with a new CEO who officially assumes the role on New Year’s Day. Corporate succession planning can be a tumultuous process, and the changing of the calendar year presents a straightforward opportunity for a company’s new leadership to hit the ground running from the outset of the year. … Read more
While many executives use this time of year to thank employees for their hard work and dedication, one told his they should not “shy away from” working longer hours — and “blending work and life” now that the company is profitable again. “Winning requires hard work,” Wayfair founder Niraj Shah wrote to his employees in … Read more
Outgoing Morgan Stanley CEO James Gorman ripped banks’ “stupidity of their own management” as one of the top threats facing Wall Street — right alongside artificial intelligence. When reflecting on his nearly 14-year tenure at Morgan Stanley to the Financial Times, Gorman — who has less than two weeks left at the firm — said … Read more
