Corporate management

December 21, 2018 - 10:02 pm
SACRAMENTO, Calif. (AP) — California regulators said Friday they are considering splitting up Pacific Gas & Electric Co. or making other drastic changes amid concerns over the utility's role in recent gas explosions and wildfires. Among the options under consideration by the California Public...
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Motonari Otsuru, right, defense lawyer of former Nissan chairman Carlos Ghosn, rides a taxi as he leaves Tokyo Detention Center, where Ghosn and another former executive Greg Kelly, are being detained, in Tokyo Friday, Dec. 21, 2018. Japanese prosecutors added a new allegation of breach of trust against Ghosn on Friday, dashing his hopes for posting bail. (AP Photo/Eugene Hoshiko)
December 21, 2018 - 8:24 am
TOKYO (AP) — Nissan Motor Co. former chairman Carlos Ghosn, charged with financial improprieties and detained in Tokyo for more than a month, has also been accused of a breach of trust that caused a multimillion-dollar financial loss for Nissan. Speculation that he could leave on bail surged on...
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FILE - In this combination of file photos Stephen Colbert, left, poses on Sept. 4, 2018, in New York and CBS president Leslie Moonves attends the CBS Network 2015 Programming Upfront at The Tent at Lincoln Center on May 13, 2015 in New York. Colbert is laying claim to the $120 million in severance that CBS' board of directors said wouldn't be paid to ousted former CEO Moonves - at least half of it. The late-night host joked, "the other half goes to Tom Selleck's mustache." Colbert didn't avoid his network's big news in Tuesday night's monologue on Dec. 18. Like many at CBS, Colbert owes his job to Moonves, who was forced out due to sexual misconduct allegations. CBS is denying him severance after an investigation backed up many of the charges and accused Moonves of trying to thwart the probe. (Photos by Andy Kropa and Evan Agostini/Invision/AP, File)
December 19, 2018 - 9:36 am
NEW YORK (AP) — Stephen Colbert is laying claim to the $120 million in severance that CBS' board of directors said wouldn't be paid to ousted former CEO Leslie Moonves — at least half of it. The late-night host joked, "the other half goes to Tom Selleck's mustache." Colbert didn't avoid his network...
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FILE - In this Nov. 30, 2018 file photo Martin Winterkorn, former CEO of the German car manufacturer 'Volkswagen', arrives for the annual general meeting of FC Bayern Munich soccer club in Munich, Germany. The club said Tuesday, Dec. 18, 2018 that Winterkorn stood down as FC Bayern Muenchen AG supervisory board member at Monday's board meeting. He had informed supervisory board chairman Uli Hoeneß of the decision earlier. (AP Photo/Matthias Schrader, file)
December 18, 2018 - 10:23 am
MUNICH (AP) — Former Volkswagen CEO Martin Winterkorn has left German soccer champion Bayern Munich's supervisory board, three years after he resigned from the automaker amid its diesel emissions scandal. The club said Tuesday that the 71-year-old Winterkorn left on Monday after nearly 16 years as...
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FILE - In this Sept. 19, 2017, file photo, Les Moonves, chairman and CEO of CBS Corporation, poses at the premiere of the new television series "Star Trek: Discovery" in Los Angeles. Moonves will not receive his $120 million severance package after the company's board of directors determined he was fired "with cause" over sexual misconduct allegations. The board said Monday, Dec. 17, 2018, it reached its decision after finding that Moonves failed to cooperate fully with investigators looking into the allegations. The board also cited what it called Moonves' "willful and material misfeasance," violation of company policies and breach of his contract. (Photo by Chris Pizzello/Invision/AP, File)
December 18, 2018 - 1:18 am
NEW YORK (AP) — CBS announced Monday that former CEO Les Moonves will not receive his $120 million severance package after the board of directors concluded he violated company policy and was uncooperative with an investigation into sexual misconduct allegations. The decision, which came after a...
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Nissan Motor Co. Chief Executive Hiroto Saikawa speaks during a press conference in Yokohama, near Tokyo Monday, Dec. 17, 2018. Nissan's board met Monday but failed to pick a new chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations, saying more discussion was needed. (AP Photo/Koji Sasahara)
December 17, 2018 - 5:39 am
YOKOHAMA, Japan (AP) — Nissan's board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed. Nissan Motor Co. Chief Executive Hiroto Saikawa told reporters that the board...
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FILE - In this Nov. 19 2018, file photo, Nissan Motor Co. President and Chief Executive Officer Hiroto Saikawa speaks during a press conference at Nissan Motor Co. Global Headquarter, in Yokohama, near Tokyo. Nissan’s board is meeting to pick a chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations. The Dec. 17, 2018, meeting comes amid an unfolding scandal that threatens the Japanese automaker’s two-decade alliance with Renault SA of France and its global brand, as well as highlighting shoddy governance. (AP Photo/Shuji Kajiyama, File)
December 16, 2018 - 11:37 pm
TOKYO (AP) — Nissan's board is meeting to pick a chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations. Monday's meeting comes amid an unfolding scandal that threatens the Japanese automaker's two-decade alliance with Renault SA of France and its global...
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President Donald Trump attends a ceremony for the signing of an executive order establishing the White House Opportunity and Revitalization Council, in the Roosevelt Room of the White House, Wednesday, Dec. 12, 2018, in Washington. At left is Sen. Tim Scott, R-S.C., and speaking at right is Bob Johnson, founder of BET. (AP Photo/Jacquelyn Martin)
December 14, 2018 - 5:04 pm
NEW YORK (AP) — President Donald Trump's company owns a golf club in an Opportunity Zone offering developers massive tax breaks, but experts say it is unlikely it could take advantage of them. The Trump National Golf Club outside Philadelphia is in one of the nation's nearly 9,000 high-poverty...
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In this May 12, 2016, photo, then Nissan Motor Co. President and CEO Carlos Ghosn attends a joint press conference with Mitsubishi Motors Corp. in Yokohama, near Tokyo. At left is Nissan Chief Executive Hiroto Saikawa, who became co-CEO with Ghosn in 2016 and then sole chief last year. The surprise arrest of Nissan’s former chairman Carlos Ghosn on charges of falsifying financial reports is providing a window into possible corporate intrigue at the Japanese automaker. (AP Photo/Eugene Hoshiko)
December 13, 2018 - 9:44 am
PARIS (AP) — Renault says an internal investigation has found no wrongdoing in the awarding of compensation to CEO Carlos Ghosn, who has been indicted in Japan on charges of falsifying financial reports. Following a board meeting, the French carmaker said in a statement Thursday that the...
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December 12, 2018 - 7:30 pm
When the leaders of global airlines posed for a photo in June, there were 25 men in dark suits and a lone woman in the last seat on the far right. That could be changing, but very slowly. Air France announced Wednesday that Anne Rigail will take over as CEO next week. Rigail, a 27-year company...
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