CEO News - CEO Today

Saudi Aramco Completes $69 Billion Takeover of Sabic

June 17, 2020

The oil giant has closed a deal to purchase a 70% stake in Sabic and allowed itself a greater window of time to finish paying.

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Huawei Overtakes Apple and Samsung as Smartphone World Leader

June 16, 2020

To the surprise of many, Huawei overtook Samsung as the world’s largest smartphone manufacturer in April, with a 2% greater market share.

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Nikola CEO Achieves Billionaire Status After Stock Surge

June 15, 2020

Following Nikola’s first week as a publicly traded company, new CEO Mark Russell’s owned stock was catapulted to $1.3 billion.

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Tim Cook Commits $100 Million Towards Racial Justice Initiative

June 12, 2020

The Apple CEO’s new programme will both promote racial equality within the company and assist external non-profit ventures.

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CrossFit CEO Resigns Following Public Backlash

June 10, 2020

Greg Glassman acknowledged having “created a rift” in the fitness community with his remarks on the death of George Floyd.

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Volkswagen Chief Replaced Following Internal Disputes

June 9, 2020

Herbert Diess was removed from his position after clashing with key stakeholders and directors, for which he has now apologised.

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Reebok and Other Organisations End Partnerships With CrossFit

June 8, 2020

Following CrossFit chief executive Greg Glassman’s tweet invoking the memory of George Floyd, numerous brands have cut ties with the CrossFit games.

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Bentley CEO Announces Intent to Lay Off 1,000 UK Employees

June 5, 2020

The luxury carmaker will cut the jobs of almost a quarter of its workforce amid an auto industry slowdown.

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Victoria's Secret UK Arm Goes into Administration

June 5, 2020

The American lingerie, clothing and beauty retailer, which is famous for its annual fashion shows, has 25 shops in the UK - all of which have been closed since the beginning of lockdown in March. Administrator Deloitte has said that there won't be any immediate redundancies whilst it tries to find a buyer for the chain. […]

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RH Shares Skyrocket After CEO Declares: “Time to Expand and Shine”

June 3, 2020

Gary Friedman’s optimism in the face of COVID-19 saw a significant boost to the company’s value.

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CEOs of GM, Ford and Others Condemn Killing of George Floyd

June 2, 2020

In the wake of mass protests following the death of George Floyd at the hands of Minneapolis police, business leaders have issued statements in condemnation of racial violence.

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