CEO News

Tesla CEO Elon Musk has accused Twitter of committing a “material breach” of his $44 billion deal to buy the social media giant and has threatened to walk away from the deal altogether.  As part of a dispute over the number of fake…

In the UK, 70 companies are giving their 3,300 employees a three-day weekend from Monday. Though the employees won’t see any reduction in pay,  they are expected to maintain their typical levels of productivity.   The trial has been…

Retail giant B&M Bargains has promoted its chief financial officer Alex Russo to the role of chief executive following Simon Arora’s decision to step down. Russo, who joined B&M in October 2020, has previously held senior…

The Home Office announced that the Border Force agency’s agreement with P&O would now be terminated.  “In response to P&O Ferries’ unacceptable behaviour, Border Force has terminated its agreement with P&O to provide…

Tesla CEO Elon Musk has seen $46.4 billion wiped off of his net worth, according to the Bloomberg Billionaires Index. Meanwhile, Amazon founder Jeff Bezos is down $53.2 billion, and Microsoft co-founder Bill Gates has seen a $15.1 billion…

According to The Scotsman, the world’s largest bottle of whisky — a 311-litre bottle of Macallan single-malt Scotch — has sold for £1.1 million at a live auction overseen by Edinburgh-based auction house Lyon & Turnbull.  The 5ft…

Median pay for top female business leaders rose to almost $16 million, according to Equilar’s annual survey for The Associated Press.  Out of the 340 CEOs in Equilar’s most recent survey of S&P 500 companies, 18 were women, an…

In 2021, luxury French fashion house Chanel recorded $15.6 billion in sales, according to figures it shared with Business of Fashion. The figure marks a 50% increase over its 2020 sales, and a 23% increase over its 2019 sales. The…

According to The Verge and CNBC, Shotwell, who joined the spacecraft company in 2002, sent an email to all SpaceX employees titled “the recent news story”, in which she defended Musk: “Personally, I believe the allegations to be false; not…

Billionaire property tycoon Nick Candy is reportedly considering making a purchase offer on the £1.4 billion online shopping group THG, which was formerly known as The Hut Group. THG has recently rejected numerous “unacceptable” takeover…

Alongside BlockBar.com, the famed scotch brand is offering seven whisky connoisseurs the chance to own an extremely rare bottle of 48-year-old Johnnie Walker Masters of Flavour, as well as their very own digital art, and an exclusive brand…

In Berkshire Hathaway’s Form 13F regulatory filing, the company, owned by billionaire Warren Buffett, revealed it had bought a stake in banking giant Citigroup.  Berkshire Hathaway purchased 55.2 million shares, or approximately 2.8% of…