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    1. David Solomon Said at a Private Dinner that he’s going to Follow his Own Advice as CEO of Goldman Sachs — and it Means the Board's Due for a Refresh

      David Solomon Said at a Private Dinner that he’s going to Follow his Own Advice as CEO of Goldman Sachs — and it Means the Board's Due for a Refresh
      • Incoming Goldman Sachs president David Solomon will begin reshaping the bank's board of directors in the coming months.
      • Solomon discussed his plans at a September 13 dinner hosted by Barclays and attended by some of the firm's biggest investors.
      • Solomon wouldn't be the first executive to push for board changes after taking control, a practice that's common across corporate America, even if it raises the ire of corporate governance experts...
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    2. Merck's Board Just Changed the Rules to Keep its CEO on Board After he Turns 65

      Merck's Board Just Changed the Rules to Keep its CEO on Board After he Turns 65
      • Merck CEO Kenneth Frazier plans to stay on in his role as CEO past December 2019, when he turns 65.
      • The pharma giant's board of directors had to overturn a mandatory CEO retirement policy in order for Frazier to stay on.
      • Frazier, who became CEO in 2011, gained national attention after he was the first to depart President Donald Trump now-disbanded manufacturing council...
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      Mentions: CEO Harvard retire
    3. A Crazy Final Week of September has Already Seen Mergers Worth $60 Billion

      A Crazy Final Week of September has Already Seen Mergers Worth $60 Billion
      • September has seen a flurry of activity in mergers and acquisitions with four major deals announced over the past week.
      • Comcast won a bidding war for Sky, miner Randgold Resources was bought by Barrick Gold, Michael Kors picked up Versace, and Pandora was purchased by Sirius XM.
      • The combined deals are worth more than $60 billion.
      • "September can always be a big month for deals," Ben Kelly, a merger arbitrage analyst at Louis Capital, told Business Insider on Tuesday...
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    4. Breaking News: Michael Kors Agrees to Buy Versace

      Breaking News:  Michael Kors Agrees to Buy Versace
      • Michael Kors has agreed to buy the Italian fashion house Versace.
      • The deal has an enterprise value of 1.83 billion euros ($2.12 billion).
      • Michael Kors will change its name to Capri Holdings once the deal closes.
      • Watch Michael Kors trade in real time here.

      Michael Kors has agreed to buy the Italian fashion house Versace in a deal that has an enterprise value of 1.83 billion euros ($2.12 billion). The global fashion luxury group also announced it will change its name to Capri Holdings...

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    5. Sirius XM Agrees to Pay $3.5 Billion in Stock for Pandora to Create the World's Largest Audio-Entertainment Company

      Sirius XM Agrees to Pay $3.5 Billion in Stock for Pandora to Create the World's Largest Audio-Entertainment Company
      • Sirius XM has agreed to pay $3.5 billion for Pandora in an all-stock transaction.
      • The deal has an implied price of $10.14 a share, and includes a "go-shop" provision.
      • Watch Sirius XM and Pandora trade in real time.

      Sirius XM Holdings will acquire Pandora for $3.5 billion in an all-stock transaction, creating the world's largest audio-entertainment company, the two sides announced Monday...

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      Mentions: CEO Pandora
    6. Mattress Firm Says its Own Former Executives Accepted Private-Jet Trips, Expensive Watches, and Luxurious Hotel Stays From Brokers in Exchange for Opening so Many New Stores it Spurred Conspiracy Theories

      Mattress Firm Says its Own Former Executives Accepted Private-Jet Trips, Expensive Watches, and Luxurious Hotel Stays From Brokers in Exchange for Opening so Many New Stores it Spurred Conspiracy Theories
      • Mattress Firm is frequently accused of having too many stores in the United States. But there may be more to that story than first meets the eye.
      • In October 2017, Mattress Firm filed a lawsuit against two of its former employees, a broker, and a group of developers, claiming that they conspired to push the company to aggressively expand...
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      Mentions: CEO Google lawsuit
    7. The CEO of Denmark's Biggest Bank is Out After a Money Laundering Scandal that May Have involved up to $235 Billion of Payments

      The CEO of Denmark's Biggest Bank is Out After a Money Laundering Scandal that May Have involved up to $235 Billion of Payments
      • CEO of Denmark's largest bank steps down over Estonian money laundering scandal.
      • Thomas Borgen resigned after an investigation into the scandal which could have impacted €200 billion ($234 billion) of transactions.
      • Danske Bank has so far identified 6,200 customers who may have been involved in suspicious activity, undertaken via its Estonian branch...
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      Mentions: CEO risk resign
    8. Oracle only grew 1% last quarter, and Wall Street is starting to question whether management is up to the job (ORCL)

      Oracle only grew 1% last quarter, and Wall Street is starting to question whether management is up to the job (ORCL)
      • Wall Street analysts had a bone to pick with Oracle in notes to their clients published Tuesday, following mixed results in Oracle's first quarter FY2019 earnings on Monday.
      • Goldman Sachs lowered its price target for the database giant, while others questioned whether management is up to the task of reigniting growth.
      • Oracle reported revenue growth of just 1% year-over-year, leaving some on Wall Street feeling that transformation at the company "continues to take longer than hoped."...
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    9. MoviePass' Parent Company Wants Approval for a Dramatic Reverse Stock Split of up to 1-for-500, just Months after its 1-for-250 one Failed to Stabilize the Stock

      MoviePass' Parent Company Wants Approval for a Dramatic Reverse Stock Split of up to 1-for-500, just Months after its 1-for-250 one Failed to Stabilize the Stock
      • MoviePass' parent company, Helios and Matheson Analytics, will propose a reverse stock split of up to 1-for-500 to its shareholders in a special meeting next month.
      • It's the latest attempt by the struggling movie-ticket subscription service to not have the HMNY stock be delisted by the Nasdaq in mid-December.

      Next month, MoviePass will try its most dramatic step yet to revive its failing stock...

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      Mentions: Nasdaq risk MoviePass
    10. Tyson Foods CEO Tom Hayes is Stepping Down for Personal Reasons

      Tyson Foods CEO Tom Hayes is Stepping Down for Personal Reasons
      • Tyson Foods CEO Tom Hayes is stepping down, with veteran leader Noel White succeeding his role, the company announced Monday.
      • The company reiterated his adjusted earnings-per-share guidance for fiscal year 2018.
      • The sudden CEO transition is a "surprise", but should not cause any short-term volatility, said Jefferies analyst Akshay Jagdale...
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      Mentions: Tyson Foods
    11. Salesforce CEO Marc Benioff and His Wife are Buying Time Magazine for $190 Million

      Salesforce CEO Marc Benioff and His Wife are Buying Time Magazine for $190 Million
      • Salesforce CEO Marc Benioff and his wife Lynne Benioff will buy Time Magazine for $190 million.
      • The announcement comes just eight months after Meredith Corp., publisher of several popular print publications, completed its purchase of Time.
      • In a note relayed by Time editor-in-chief Edward Felsenthal, Benioff said he and his wife would have "no operational responsibility" for the weekly outlet, and acquired it as an investment...
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      Mentions: Investment CEO Amazon
    12. Elon Musk.. Defends Tesla's Board of Directors Against Critics Who Say It Isn't Doing Enough to Hold Him Accountable to Shareholders

      Elon Musk.. Defends Tesla's Board of Directors Against Critics Who Say It Isn't Doing Enough to Hold Him Accountable to Shareholders
      • Tesla CEO Elon Musk defended the company's board of directors on Friday via Twitter.
      • "The Tesla board has done incredible work overseeing the largest value creation in the auto industry in 100+ years, despite many setbacks. Tesla owes its very existence to this board!" Musk said via Twitter  in response to a Forbes article that questioned the board's performance...
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      Mentions: CEO Twitter Tesla
    13. Goldman Sachs Announces Major Leadership Shakeup As Incoming CEO David Solomon Makes his Mark

      Goldman Sachs Announces Major Leadership Shakeup As Incoming CEO David Solomon Makes his Mark
      • Goldman Sachs named John Waldron as president and chief operating officer, effective Oct. 1, according to an internal memo sent to staff Thursday.
      • Stephen Scherr will become chief financial officer, replacing Marty Chavez, who will move to become one of three co-heads of the firm's securities division, according to another memo...
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    14. '60 Minutes' Chief Jeff Fager Steps Down Amid Sexual Misconduct Allegations

      '60 Minutes' Chief Jeff Fager Steps Down Amid Sexual Misconduct Allegations
      • Jeff Fager, the executive producer of CBS News' "60 Minutes," is leaving the program amid an investigation into sexual misconduct allegations against him.
      • 19 current and former CBS employees told Ronan Farrow in a New Yorker article published in August that Fager turned a deaf ear to instances of sexual misconduct at CBS News.
      • A September report by The New Yorker detailed an allegation by one woman who accused Fager of groping her at a company event...
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    15. If Trump Were a CEO, his Board Would Have Fired Him By Now

      If Trump Were a CEO, his Board Would Have Fired Him By Now
      • A "quiet resistance" is trying to prevent President Donald Trump from taking actions "detrimental to the health of our republic," according to the recent op-ed piece in The New York Times.
      • If such disclosures occurred in the highest ranks of a public corporation, Northeastern University business professor Bert Spector writes, its board would fire its CEO.
      • The Founding Fathers created Congress to act as a co-equal branch to mitigate possible overstepping and abuses by the chief executive...
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      Mentions: CEO Uber acquisition
    16. Les Moonves, One of the Highest-Paid CEOs in the US, Leaves CBS with a Net Worth of $700 Million

      Les Moonves, One of the Highest-Paid CEOs in the US, Leaves CBS with a Net Worth of $700 Million
      • CBS Corporation CEO and Chairman Leslie Moonves has left the company after The New Yorker published a new report detailing sexual harassment and assault allegations from six women against the media executive.
      • The accusations followed sexual misconduct and harassment accusations from six other women in July, as The New Yorker reported.
      • Moonves is worth an estimated $700 million and was one of the highest-paid CEOs in the US, according to Forbes...
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    17. Jack Ma Will Step Down as Chairman of Chinese e-cCommerce Giant Alibaba in September 2019

      Jack Ma Will Step Down as Chairman of Chinese e-cCommerce Giant Alibaba in September 2019
      • Jack Ma, the founder of online Chinese retailing giant Alibaba, will step down as Chairman on September 10, 2019.
      • Ma will be succeeded by Daniel Zhang, Alibaba’s current CEO.
      • Ma wrote a letter to customers and shareholders explaining his decision.

      Chinese online retailing giant Alibaba has announced that founder Jack Ma will step down as chairman, one year from today...

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      Mentions: CEO IPO Alibaba
    18. A Top Deutsche Bank Shareholder is Reportedly Going to Unload its $10 Billion Stake

      A Top Deutsche Bank Shareholder is Reportedly Going to Unload its $10 Billion Stake
      • One of the top shareholders in Deutsche Bank is reportedly planning to sell its entire stake in the lender.
      • Chinese conglomerate HNA is reportedly selling the stake in Germany's largest lender as part of an effort to refocus on its core business after several years of investing heavily in overseas businesses.
      • The move comes as Deutsche Bank undergoes a major restructuring under new CEO Christian Sewing...
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    19. Alibaba Chairman Jack Ma is Getting Ready to Quit, and Says he's Following the Bill Gates Playbook

      Alibaba Chairman Jack Ma is Getting Ready to Quit, and Says he's Following the Bill Gates Playbook
      • Chinese tech billionaire Jack Ma is getting ready to leave his role at Alibaba.
      • He told Bloomberg he is dedicating more time and money to building his philanthropic foundation for education.
      • The move mirrors that of Bill Gates before he left Microsoft.
      • It's not clear exactly when Ma will leave Alibaba.
      • Ma is currently the chairman and co-founder of the e-commerce giant. He was CEO until 2013...
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      Mentions: CEO Alibaba Microsoft
    20. Read the Email the Oracle Executive Once Rumored to Be The Next CEO Emailed the Company to Announce his 'extended' leave of Absence

      Read the Email the Oracle Executive Once Rumored to Be The Next CEO Emailed the Company to Announce his 'extended' leave of Absence
      • Top Oracle exec in charge of building its all-important cloud, Thomas Kurian, is taking a leave of absence.
      • Business Insider has obtained his email.
      • The email is written in a way that hints this maybe a permanent good-bye, although a spokesperson tells us that Kurian is expected to return after an unspecified time off...
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      Mentions: Technology CEO Oracle
    21. The Founder of Lululemon is Now One of the 500 Richest People in the World

      The Founder of Lululemon is Now One of the 500 Richest People in the World
      • Lululemon founder Chip Wilson is now one of the 500 richest people in the world.
      • His fortune hit $3.9 billion thanks to a 15% surge in shares of the company.
      • He stepped down from the board in 2015, but still owns a 13% stake in the activewear brand.
      • Wilson is known for his controversial comments.

      Lululemon founder Chip Wilson has been named among the 500 richest people in the world...

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    22. Elon Musk is Said to Have Hired a Lawyer Who Used to Work for the SEC as the Agency Reportedly Investigates his 'Funding Secured' Tweet

      Elon Musk is Said to Have Hired a Lawyer Who Used to Work for the SEC as the Agency Reportedly Investigates his 'Funding Secured' Tweet
      • Tesla CEO Elon Musk has hired two lawyers, Roel Campos and Steven Farina, as the Securities and Exchange Commission reportedly investigates statements Musk made about converting Tesla into a private company, Fox Business Network reports.
      • Campos was an SEC commissioner from 2002 until 2007.
      • Farina and Campos list securities enforcement and securities litigation among their areas of focus...
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      Mentions: CEO SEC Twitter
    23. USA Gymnastics President Kerry Perry Resigns Days After the Olympic Committee Questioned her Ability to Lead Following Larry Nassar Scandal

      USA Gymnastics President Kerry Perry Resigns Days After the Olympic Committee Questioned her Ability to Lead Following Larry Nassar Scandal
      • USA Gymnastics President Kerry Perry resigned from her position on Monday after nine months on the job.
      • The move came days after the US Olympic Committee questioned her ability to lead a path forward for an organization rocked by scandal.
      • Perry had repeatedly come under scrutiny by athletes who felt she was mishandling the fallout from the tumult surrounding disgraced former team doctor Larry Nassar...
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