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Executives

All articles tagged with #executives

Disney Tests Voluntary Exit for Senior Executives Amid Cost-Cutting Push
business1 day ago

Disney Tests Voluntary Exit for Senior Executives Amid Cost-Cutting Push

Disney is offering a time-limited Voluntary Early Retirement Offer (VERO) to U.S.-based executives at Director through EVP levels across Disney Entertainment, ESPN, and Corporate who meet a 65-point threshold (age plus years at Disney), with a minimum age of 50 and at least 10 years at the company. Eligible executives can retire with an enhanced package including separation pay up to a year, healthcare at active-employee rates, continued vesting of equity awards for three years, and lifelong Silver Pass access; participation is optional and does not preclude future employment. The program comes as Disney accelerates cost-cutting and ongoing layoffs (over 1,000 announced in April, with more in July). Contractors are excluded, and there will be a defined election window followed by a confirmation period. This is the first such offer in years, following voluntary buyouts in 2001 and 2009.

via Deadline|
#business#disney#executives
Executives Face Reality Check as AI Pricing Surges and Labor Savings Fade
technology1 month ago

Executives Face Reality Check as AI Pricing Surges and Labor Savings Fade

A KPMG survey of 2,145 senior executives across 20 countries finds widespread confusion over AI costs, with 29% unsure where AI spending comes from and about a third lacking a plan to deploy AI productively. As usage-based pricing becomes standard, firms must forecast and monitor AI spending, challenging the old hope that AI subsidies would keep costs low. The piece also notes AI is used to discipline labor and justify layoffs or surveillance, and questions whether current AI advances will ever deliver scalable payoffs, especially since the bill is ultimately borne by workers who feel the strain.

via Futurism|
#ai#automation#executives
Trump Taps Tech Executives for China Talks With Xi
business3 months ago

Trump Taps Tech Executives for China Talks With Xi

President Donald Trump invited a who’s-who of U.S. corporate leaders, including Elon Musk, Tim Cook, and Larry Fink, to join his trip to China to meet Xi Jinping. The delegation aims to discuss trade, artificial intelligence, export controls, Taiwan, and the Iran war amid rising U.S.-China tensions over AI technology and sanctions. Nvidia’s Jensen Huang was notably not invited, while Cisco’s Chuck Robbins could not attend due to earnings; others like Citigroup’s Jane Fraser and BlackRock’s Larry Fink are expected to participate to seek deals and purchase agreements with Beijing.

via CNBC|
#ai#business#china
Dundon’s Quiet Coach Hunt Signals Blazers’ High-Stakes Reboot
sports4 months ago

Dundon’s Quiet Coach Hunt Signals Blazers’ High-Stakes Reboot

Before taking control of the Portland Trail Blazers, owner Tom Dundon reportedly talked with several high-profile coaches and executives—including Josh Schertz, Ben McCollum, Michael Malone, Tom Thibodeau and Masai Ujiri—indicating a broad coaching-search that isn’t solely about cost. The exchanges highlight a focus on finding the best candidate, reflect the NBA’s word-of-mouth culture, and have drawn some criticism for perceived disrespect to interim coach Tiago Splitter, with no hire announced yet.

via Blazer's Edge|
#coaching-search#executives#nba
Ellison Sets Ambitious Tone Amid Turbulent Warner Meeting
business5 months ago

Ellison Sets Ambitious Tone Amid Turbulent Warner Meeting

Paramount CEO David Ellison addressed Warner Bros. Discovery leaders about a $111 billion merger, outlining a plan for a unified company with more content, a single streaming platform, and 30+ theatrical releases per year, while acknowledging the deal has been turbulent; attendees noted mixed reactions and a lack of concrete timelines, fueling ongoing uncertainty about layoffs and strategy, though he stressed editorial independence for CNN and CBS News.

via The Hollywood Reporter|
#acquisition#business#ellison
CEOs See Little Productivity Gain as AI Adoption Climbs
business6 months ago

CEOs See Little Productivity Gain as AI Adoption Climbs

An NBER survey highlighted by Fortune finds about 90% of CEOs and other top executives in the US, UK, Germany, and Australia say AI has not boosted productivity or employment, even as roughly 70% of firms are using AI; individual executives report only about 1.5 hours of AI use per week. Other studies show mixed ROI, with MIT-style research noting little revenue growth from AI and concerns about burnout and lower-quality work, even as adoption rose from 61% to 71% between early 2025 and early 2026 and executives forecast small productivity gains (about 1.4%) and a modest output rise (0.8%) with a slight employment decline over three years.

via Futurism|
#ai#business#economics
Barrick names Helen Cai to lead as new CFO amid leadership transition
business7 months ago

Barrick names Helen Cai to lead as new CFO amid leadership transition

Barrick Mining Corporation announced that Helen Cai will become Chief Financial Officer on March 1, 2026, succeeding Graham Shuttleworth who is retiring after Barrick’s year-end results; Cai, a Barrick director since 2021 with a two-decade background in equity research, corporate finance, and capital markets at Goldman Sachs and CICC, will work with Shuttleworth through the transition as the company focuses on improving performance and shareholder value.

via Barrick Mining Corporation|
#business#executives#finance