March 31 at 12:08 p.m.
Filed under:
Chicago executives,
Food,
Updated
By Mary Ellen Podmolik
Kraft CEO Irene Rosenfeld speaks at a town hall meeting at Kraft's headquarters in Northfield, Feb. 5, 2010. (William DeShazer/Chicago Tribune)
Efforts at Kraft Foods to more closely align executive compensation with company performance took a large bite out of Chief Executive Irene Rosenfeld’s 2010 pay package, the company disclosed Thursday in its annual proxy statement.
Rosenfeld’s overall compensation fell almost 27 percent, to $19.3 million, from $26.3 million in 2008, according to documents filed with the Securities and Exchange Commission. Get the full story »
Jan. 11 at 9:38 a.m.
Filed under:
Economy
By Sandra M. Jones
The Conference Board’s measure of CEO confidence bounced back in the final quarter of 2010 with more than half of chief executives anticipating improving economic conditions in the next six months.
The CEO confidence measure jumped to 62 in the fourth quarter, after falling in the third quarter to 50. A reading of more than 50 points reflects more positive responses than negative responses. Get the full story »
By Associated Press
Caterpillar Inc.’s new CEO Doug Oberhelman is now also chairman at the world’s largest maker of mining and construction equipment.
Oberhelman became chairman Monday after the retirement of Jim Owens. Get the full story »
Oct. 29, 2010 at 5:19 p.m.
Filed under:
Internet,
Technology,
Video
By Associated Press
YouTube co-founder Chad Hurley is stepping down as CEO of the world’s most popular Web site for watching video.
Hurley’s decision to give up the leadership role at the 5-year-old site formalizes a transition that has been in the works for some time as YouTube’s owner, Google Inc., asserted more control. Get the full story »
Oct. 25, 2010 at 4:51 p.m.
Filed under:
Insurance
By Reuters
Bailed-out insurer American International Group on Monday said Chief Executive Robert Benmosche has cancer and has an unclear prognosis, casting another shadow on the company during a major restructuring.
AIG did not disclose what kind of cancer Benmosche, 66, has, but said he is undergoing “aggressive chemotherapy.” Get the full story »
Sep. 9, 2010 at 11:47 a.m.
Filed under:
Food,
Franchises,
Personnel moves,
Restaurants
By Associated Press
Burger King’s soon-to-be new owners have named a former Latin American railroad executive to be CEO of the fast-food chain after the $3.26 billion deal goes through.
The appointment of Bernardo Hees by 3G Capital is a signal that the investment firm is serious about expanding the Burger King brand further into Latin America and elsewhere abroad. Get the full story »
Aug. 6, 2010 at 3:40 p.m.
Filed under:
Chicago executives,
Technology
By Associated Press
Hewlett-Packard Co. said CEO Mark Hurd is stepping down following a sexual-harassment probe that found other violations of company standards. HP said Friday that Hurd decided to leave after the investigation into a sexual-harassment claim made against him and the company by a former HP contractor. The probe concludes that the company’s sexual-harassment policy was not violated, but that its standards of business conduct were.
By Reuters
BP Plc is expected to announce in the next 24 hours that Chief Executive Tony Hayward will step down and be replaced by Bob Dudley, a soft-spoken American unlikely to repeat the gaffes that have come to define Hayward in many Americans’ minds.
Dudley heads BP’s oil spill response effort. Just over a week ago, BP installed a temporary cap on the Macondo well, which had been spewing up to 60,000 barrels per day of oil into the Gulf of Mexico since April. Get the full story »
July 23, 2010 at 10:34 a.m.
Filed under:
Banking,
Chicago executives,
Corporate governance
By Reuters
Kenneth Feinberg on July 22 in Washington. (Alex Wong/Getty Images)
Pay czar Kenneth Feinberg said on Friday that 17 banks overpaid executives in late 2008 and early 2009 by about $1.6 billion during the financial crisis, when taxpayers’ money was being used to support them.
He proposed that financial firms adopt policies that would let them “restructure, reduce or cancel” bonus and other special payments to executives in future crises but said he had no authority to force banks to give back past overpayments. Get the full story »
By Tribune staff report
Mitchell C. Berk has been named chief executive of Hilco Consumer Capital LLC, a brand management firm with Polaroid, Sharper Image and Halston among its clients.
Berk takes over from interim CEO Eric Kaup, who is general counsel for parent, Northbrook-based Hilco Trading. Get the full story »
July 7, 2010 at 1:17 p.m.
Filed under:
Chicago executives,
Internet,
Management
By Becky Yerak
Sittercity.com, a Chicago-based Web site that pairs customers with baby and pet sitters and other caregivers, has named a new chief executive, replacing its founder with one of the venture capitalists who has a stake in the business.
Martin Clifford, a venture partner at Sittercity investor Point Judith Capital, has been named CEO. Genevieve Thiers, Sittercity founder and former CEO, will remain president of the board and a strategic adviser to the company. Get the full story »
