New CEOs are benefiting from a long Wall Street honeymoon
CNN
Investors apparently like to see new faces in Corporate America's boardrooms.
The best-performing Dow stock so far in 2021 is Walgreens (WBA), which shook things up earlier this year by hiring Starbucks (SBUX) and Walmart (WMT) veteran Rosalind Brewer to be its new chief executive officer. (Former Walgreens CEO Stefano Pessina is now executive chairman.) Shares are up about 32% this year. The top two stocks in the S&P 500 this year also have installed new CEOs within the last year: Victoria's Secret owner L Brands (LB), which is up 80%, and Gap (GPS), up nearly 70%.
When the CEO of Indian delivery app Zomato advertised for a chief of staff on social media, it came with two large caveats.
The Jeep Gladiator was unveiled to great fanfare by then-owner Fiat Chrysler in 2018, the first pickup model for the hot brand in more than a quarter of a century. And at first it seemed like it might live up to the hype.
In between his posts on Truth Social announcing nominees for his incomingadministration, President-elect Donald Trump urged Republicans Wednesday to nix a bipartisan bill that would give journalists greater protections under federal law.
A coffee shop in Middleborough, Massachusetts, went viral overnight for offering free coffee to customers who entered the shop while dancing.
President-elect Donald Trump’s promise to further restrict immigration and roll out “mass deportations” has not been finalized, but the specter of looming policy changes is already reverberating throughout the US job market.
A recent lawsuit alleges Linda McMahon, who President-elect Donald Trump tapped to lead the Department of Education, knowingly enabled the sexual exploitation of children by a World Wrestling Entertainment (WWE) employee as early as the 1980s — allegations she denies.
Months into President Donald Trump’s first term in the White House, his Justice Department sent shockwaves through the media industry by suing to block AT&T’s takeover of CNN owner Timer Warner.
Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security.
The US government formally proposed a partial breakup of Google on Wednesday, urging a federal judge to force a sale of the company’s Chrome web browser after a landmark ruling this year finding that Google had violated US antitrust law with its search business.
Indian billionaire Gautam Adani and other executives were indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice said Wednesday.
Europe could soon be welcoming a wave of well-heeled Americans, as Democratic voters facing the prospect of another Donald Trump presidency eye refuges abroad.