LinkedIn CEO Jeff Weiner to step down after 11 years
LinkedIn Chief Executive Jeff Weiner said Wednesday he will step down from his position at the business and professional-services online network on June 1 and become the company’s executive chairman.Weiner, who has been with Sunnyvale-based LinkedIn since 2008, and its CEO since June 2009, said he was making the move because it was time to make the “next play” in his career. Weiner made his decision public in a post on LinkedIn.“While I’ve been thinking about the timing of this transition for some time, over the last year or so, several factors converged that led me to conclude now is the righ...
The Mercury News
Tribune Publishing CEO Tim Knight steps down in management shakeup
Tribune Publishing announced a shakeup of its leadership ranks Monday — less than three months after hedge fund Alden Global Capital became the company’s largest shareholder.Tim Knight, a longtime company executive who became CEO in January 2019, has been replaced by Terry Jimenez, Tribune Publishing’s chief financial officer. Knight will leave the company at the end of the month.Jimenez will take Knight’s seat on the board, the company said in a news release.Also, board member Philip Franklin has replaced David Dreier as nonexecutive chairman. Dreier will remain on the board.“These changes ar...
Boeing appoints new CEO amid 737 MAX crisis; observers wonder if he will bring the right sort of change
Having fired CEO Dennis Muilenburg on Monday, nine months after the 737 MAX was grounded following two fatal crashes, Boeing’s board has chosen recently named Boeing Chairman David Calhoun will take over as CEO, bringing an immediate shift in tone that many observers welcomed. Others questioned whether his background in private equity and GE’s finance-driven management is really the change Boeing needs.Muilenburg’s position, under pressure since March, became untenable this month following a breakdown of relations with the Federal Aviation Administration (FAA) and the growing anger of Boeing’s...
The Seattle Times
Shareholder lawsuit is filed against ComEd parent Exelon, alleging it misled investors concerning federal probe
CHICAGO — A shareholder lawsuit seeking class-action status has been filed against Exelon Corp. and its top executives, alleging the utility misled investors concerning its lobbying activities and a federal investigation into its conduct, news of which caused the stock price to fall.The suit states that Exelon regulatory filings made in July and October disclosed the company’s receipt of grand jury subpoenas from the U.S. Attorney’s Office for the Northern District of Illinois that were related to its lobbying activities and communications with certain individuals. The Oct. 9 filing with the S...