Management

Ex-Cadbury Executive To Head Kraft’s Confectionery Unit (KFT)

Posted on 03/19/10 at 5:11pm
Kraft Foods Inc. (NYSE: KFT) has named Jim Chambers as the new head of its confectionery and gum businesses in North America. Jim Chambers was formerly with Cadbury. Kraft (KFT) recently acquired Cadbury. Chambers will have the designation of President of the confectionery unit.
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William Lynch Becomes New Barnes & Noble (BKS) CEO

Posted on 03/18/10 at 5:29pm
Bloomberg reports that William Lynch has been named as the new CEO by bookstore chain Barnes & Noble, Inc. (NYSE: BKS). Barnes & Noble, which is the largest bookstore chain in the U.S., promoted Lynch, 39, from his current position as head of its website to give a push to digital retail.
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MSN China Loses Executive (MSFT, GOOG)

Posted on 03/18/10 at 2:17pm
Xiao Chen, MSN (NASDAQ: MSFT) China’s Vice-President of sales, has announced his departure from the organization. Xiao Chen had been with the company since its inception. He is likely to pursue his own start-up firm. The move has come as a jolt to the joint venture. MSN is already struggling to gain a foothold in the Chinese market.
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Barnes & Noble Juggles Its Management (BKS)

Posted on 03/18/10 at 2:13pm
Barnes & Noble Inc. (NYSE: BKS) has appointed William Lynch as its new chief executive officer. William Lynch is presently the president of Barnes & Noble’s (BKS) web site. He will replace Steve Riggio, who has held the office since 2002. Steve Riggio will retain his position as vice chairman.
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American Express CEO Receives $17.4 million In Compensation (AMEX)

Posted on 03/17/10 at 12:29pm
Kenneth I. Chenault, Chief Executive Officer of American Express (NYSE:AMEX), received total compensation worth $17.4 million in 2009. This amount includes a base salary of $1.2 million, a cash bonus worth $5.1 million and $5.33 million in nonequity incentive compensation. This sum is considerably lower than the previous year’s figure of $28.8 million.
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Garmin Ltd. (GRMN) Doubles Dividend, Moving To Switzerland

Posted on 03/17/10 at 8:49am
Garmin Ltd. (Nasdaq: GRMN) announced Wednesday that it will double its annual dividend one time from 75 cents to $1.50. Garmin Ltd. will pay the dividend on April 30 to shareholders of record as of April 15. The maker of GPS-enabled products and other electronic devices also announced plans to move its place of incorporation.
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PepsiCo’s (PEP) Richard Goodman To Step Down From CFO Position At The End Of This Month

Posted on 03/16/10 at 10:05am
The Wall Street Journal reports that PepsiCo, Inc.’s (NYSE: PEP) CFO, Richard Goodman, will step down from his position at the end of this month. Goodman, 62, will continue to remain with the company as executive vice president for business information systems, global procurement, global operations and post-merger integration.
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Apple (AAPL) Awards Cook With $22 Million Bonus

Posted on 03/12/10 at 7:30pm
The Wall Street Journal reports that technology company Apple, Inc. (NASDAQ: AAPL) has awarded Timothy Cook, its COO, a bonus of about $22 million.
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Lions Gate Entertainment (LGF) Rejects Icahn Bid

Posted on 03/12/10 at 3:48pm
Lions Gate Entertainment Corp. (NYSE: LGF) rejected billionaire activist investor Carl Icahn's attempt to become the largest shareholder in the company. Icahn wanted to buy 13.2 million shares at $6 per share. The move would have increased Icahn's stake from a current 18.9% share of the company to 30%.
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Lehman CFO Comments On Firm's Shenanigans (LEHMQ)

Posted on 03/12/10 at 1:40pm
Today, Brad Hintz, a former Lehman Brothers (OTC:LEHMQ) CFO talked to Bloomberg Television's Erik Schatzker about a new report by U.S. bankruptcy-court appointed examiner Anton Valukas. When Schatzker asked Hintz about former Lehman CEO Dick Fuld’s knowledge of the firm's financial engineering, Hintz said that Fuld was “very hands-on on the trading side.”
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