American Apparel has adopted a one-year shareholder rights plan a day after its ousted CEO and founder Dov Charney made a bid to increase his control of the clothing chain. The Los Angeles-based retailer said early Saturday that the move, made by a special committee of its board of directors, is designed to limit the… Continue reading VIDEO: American Apparel Adopts Stockholder Rights Plan
Tag: Economy of the United States
VIDEO: Former IBM CEO Sam Palmisano On The New Rules For Global Business Leaders
Sam Palmisano had a great run as CEO of IBM from the start of 2003 to the end of 2011. His exit was well-timed, too. Business tech spending now is in a stall, and Palmisano’s successor Ginni Rometty has had to deal with seven straight quarters of revenue decline. Palmisano says that IBM saw a… Continue reading VIDEO: Former IBM CEO Sam Palmisano On The New Rules For Global Business Leaders
VIDEO: BlackRock Shakes Up Management, Names New Co-president, COO
BlackRock, the world’s largest money manager, is reorganizing its senior management, shifting at least 10 senior executives into new or different roles, according to an internal memo seen by Reuters on Sunday. Both Larry Fink, chief executive and chairman of BlackRock, which has more than $4 trillion in assets under management, and Rob Kapito, president,… Continue reading VIDEO: BlackRock Shakes Up Management, Names New Co-president, COO