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Fiat Chrysler picks Jeep executive to replace ailing CEO

“Fiat Chrysler said in a statement that due to his deteriorating health Marchionne “will be unable to return to work.”” writes Frances D’emilio for sun-sentinel.com. Fiat Chrysler Automobile announced Saturday that CEO Sergio Marchionne’s health had suddenly deteriorated following surgery and that its board of directors had chosen Jeep executive Mike Manley to replace him.Elkann didn’t give details of Marchionne’s health problems, adding that his “first thoughts go to Sergio and his family.”.  Source: sun-sentinel.com Share This:

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Every 2018 San Diego Comic-Con panel you want to watch out for

“Moderated by Keith Crofford, senior vice president of production for Adult Swim and executive producer of 12 oz” writes Jul Edt for polygon.com. Television, with executive producers Greg Berlanti, Salim Akil, Mara Brock Akil, and Sarah Schechter.Andrew Lincoln, Norman Reedus, Danai Gurira, Melissa McBride, and Jeffrey Dean Morgan join executive producer and showrunner Angela Kang and executive producers Scott M. Gimple, Robert Kirkman, Gale Anne Hurd, Dave Alpert, and special effects makeup supervisor and executive producer Greg Nicotero. Source: polygon.com Share This:

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Thyssenkrupp investor Elliott demands appointment of new ‘external’ CEO

“FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil Thomson Reuters FRANKFURT (Reuters) – Thyssenkrupp should replace Guido Kerkhoff as chief executive with a new external candidate, activist investor Elliott Associates told the company’s supervisory board” reports businessinsider.com. Kerkhoff was installed as acting chief executive following the resignation of Heinrich Hiesinger earlier this month. Source: businessinsider.com Share This:

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Unilever’s profit dips amid Brazilian truck strike and currency fluctuations

“The Anglo-Dutch maker of Ben & Jerry’s ice cream, Dove soap and Hellmann’s mayonnaise said underlying sales rose 1.9 percent, excluding the recently divested spreads business” writes Marco De Swart for cnbc.com. On that basis, analysts on average were expecting growth of 2.3 percent. “What you see behind these results is actually a strengthening again of the volume component which for us is the most important,” Unilever CEO Paul Polman told CNBC’s Willem Marx on Thursday. “When we had a lot of pricing (power), analysts were worried about us not…

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President Trump will sign an executive order Thursday to form a new council and advisory board that will work to boost job opportunities and vocational training for American workers.

“President Trump will sign an executive order Thursday to form a new council and advisory board that will work to boost job opportunities and vocational training for American workers” reports washingtonexaminer.com. Senior executives from companies like Lockheed Martin, Federal Express and IBM are expected to attend Thursday’s signing of the executive order at the White House.Trump signed a similar executive order last June directing the Labor Department to draft new rules that would enable companies and unions to develop and certify their own apprenticeship programs. Source: washingtonexaminer.com Share This:

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Thyssenkrupp in leadership turmoil as chairman quits

“The chairman of Germany’s Thyssenkrupp has resigned, following the company’s chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate” writes Krisztian Bocsi for cnbc.com. Lehner told the executive board that he would resign with effect from July 31 and that he would withdraw from the supervisory board, Thyssenkrupp said in a statement, adding that a successor would be selected soon.”I take this step consciously to enable a fundamental discussion with our shareholders on the future of Thyssenkrupp,” Lehner said in a statement.Segerath called…

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Thyssenkrupp faces leadership turmoil as chairman quits

“FRANKFURT (Reuters) – The chairman of embattled German industrial group Thyssenkrupp resigned on Monday, following the company’s chief executive out the door under pressure from activist shareholders pushing for radical restructuring of the group” writes Midwest Communications Inc for 95kqds.com. Lehner, 72, informed the executive board that he would resign, effective July 31, and that he would withdraw from the supervisory board, Thyssenkrupp said in a statement, adding that it would decide on a successor “shortly”.Activist investors Cevian Capital, which holds an 18 percent stake in Thyssenkrupp, and Elliott have…

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Trump order risks ‘politicization’ of administrative, mostly Social Security, judiciary

“A Trump executive order says administrative law judges, who primarily work for the Social Security Administration, will no longer be hired by the competitive civil service process that is a mainstay of an impartial bureaucracy” writes Columnist Joe Davidson for washingtonpost.com. Until this week, lawyers needed seven years’ experience and were centrally vetted through the Office of Personnel Management (OPM) before they could be administrative law judges.Democrats decried Trump’s executive order.The judges, known as ALJs, conduct courtlike proceedings on disputes between federal agencies and clients, such as Social Security recipients…

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Broadcom loses $19 billion in market value after bid to buy CA

“(Reuters) – Chipmaker Broadcom Inc’s surprise bid to buy software company CA Inc for $18.9 billion wiped off the same amount from its market value on Thursday, with investors and analysts struggling to find a clear reason for the deal” writes Midwest Communications Inc for 95kqds.com. Broadcom, which has mushroomed in value by buying out rivals in the past decade’s surge in mobile phone production, agreed on Wednesday to buy mainframe software company CA for $44.50 per share in cash, months after President Donald Trump blocked its $117 billion mega-merger…

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Papa John’s Chairman John Schnatter resigns

“(Reuters) – Pizza chain Papa John’s International Inc said on Wednesday its founder and former chief executive, John Schnatter, resigned as chairman of the board” writes Midwest Communications Inc for 95kqds.com. We take great pride in the diversity of the Papa John’s family, though diversity and inclusion is an area we will continue to strive to do better,” the company said in a separate statement. Source: 95kqds.com Share This:

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