In a Peloton déjà vu, the fitness-equipment company is cutting 400 jobs and looking for a new CEO as it struggles to shape a business model beyond selling expensive stationary bikes. Just two ...
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Vernon Hill’s Commerce Bancorp was about to open its first New York City branch in 2001 when his wife, Shirley, called wanting to know whether dogs could be allowed inside. Shirley Hill, also ...
Peloton CEO Barry McCarthy is leaving his role, and the company is cutting about 15% of its workforce as numerous attempts to regain its pandemic-era glory have failed. McCarthy, who was named CEO ...
Amid the M&A drama enveloping Paramount Global, Bob Bakish is about to step down as CEO after eight years at the helm of Shari Redstone’s media empire. Bakish is expected to resign under ...
Prior to founding glass-installation company Double O in 1997, Michael Otis owned another similar business, one that imploded upon being sold. Embarrassed, he didn’t want his new construction ...
It was a year of pain for the entertainment industry and shareholders of (many) media companies with months-long Hollywood strikes and layoffs. Linear television continued to decline and a nascent ...
Bob Bakish used to browse guitars at a music store in Times Square. Nobody recognized him as the chief executive of Paramount Global PARA2.83%increase; green up pointing triangle, the ...
Paramount Global‘s ouster of CEO Bob Bakish did not reassure investors that there’s a favorable exit in store for the media conglomerate. Shares of the company closed down 7.2% Tuesday to ...
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