Tag: CEO

Norfolk Southern shareholders to determine Thursday whether to back investors who want to fire CEO

Norfolk Southern shareholders will decide Thursday morning whether to back an activist investor’s bid to take over the railroad’s board and replace management. Ancora Holdings picked up significant support during the campaign from major investors like EdgePoint Investment Group, two major rail unions and some customers. But the rest of rail labor, several key regulators […]

NPR CEO Refuses to Testify Before Congress Today – HotAir

Katherine Maher, the embattled CEO and President of National Public Radio, bailed on testifying before Congress today in a hearing to examine the bias of the network.  Surprise, surprise. She had a “scheduling conflict” but promised to testify at some unspecified date. Perhaps in 2027, or maybe 2132.  Maher has been at the center of […]

Peloton to cut 400 employees, with even CEO on the way out

Exercise equipment manufacturer Peloton on Thursday announced it will ax 15% of its workforce, plus CEO Barry McCarthy.  The company’s layoffs are expected to affect around 400 employees. The cuts are part of a cost-cutting program at the company, which has struggled to maintain high sales after the COVID-19 pandemic.  Peloton struck it big during […]