CEOs

The chief executives of electric-vehicle startups Lucid LCID -0.99% Group Inc. and Rivian RIVN 2.55% Automotive Inc. each received pay packages last year valued at over $400 million, as both companies raced to public markets and increased production in the growing EV market.Equity accounted for the bulk of the nearly $566 million in compensation for Lucid CEO Peter Rawlinson and $422…

The world of tech this week saw new launches from iQoo, BenQ and Reliance Jio. Realme opened its first global flagship store in India. Instagram increased Reels ‘time’, Elon Musk asks workers to start working from the office. All this, and more in Gadgets Now’s weekly tech news wrap. The world of tech this week saw new launches from iQoo, BenQ and Reliance Jio. Realme opened its first global flagship store in India. Instagram increased Reels ‘time’, Elon Musk asks workers to start working from the office. All this,…

Credit: Pixabay/CC0 Public Domain Narcissism, psychopathy and Machiavellianism are ubiquitous among CEOs, despite ample evidence that these dark personality traits pose financial and managerial risks to organizations. Their prevalence on corporate boards—nearly three times the general population—suggests that on some levels anti-social behavior may benefit business management. A new study published in the Strategic Management…

From the Covid-19 pandemic and supply chain shocks to rising inflation and Russia's invasion of Ukraine, governments and businesses around the world are attempting to tackle and solve major crises — many of them interlinked — on multiple fronts.Against this challenging backdrop, energy markets have been roiled, with gas and oil prices surging and fears over security of supply — Russia is a major exporter of hydrocarbons — heightened following the war in Ukraine.All the above is taking place at a time when major economies…

DAVOS, Switzerland—Fears of an economic downturn have lately gathered steam. Corporate executives at the World Economic Forum here struck a mostly gloomy tone to match.“There is a cycle of mood,” said Alex Karp, chief executive of Palantir Technologies Inc. “You walk around and everyone thinks it’s going to be bad, so it’s going to be bad.” Mr. Karp isn’t alone, but the pessimism he says he’s picking up among other CEOs also isn’t uniform. “It will be…

The Garter 2022 CEO survey confirms the importance of AI for business leaders, while the metaverse is viewed as less relevant. Image: Gorodenkoff/Adobe Stock For the third year running, AI is the top priority for CEOs, according to a survey of CEOs and senior executives released by Gartner on Wednesday. The survey “2022 CEO Survey — The Year Perspectives Changed” gauged the opinions of CEOs and top executives on a range of issues from the workforce to the environment and digitalization. The findings…

The chief executive of Wells Fargo & Co. says it will be difficult to avoid an economic downturn. The head of Frontier Airlines predicts conditions for high airfares could last for years. A veteran healthcare entrepreneur expects some startups to be wiped out in a recession.Executives in industries as varied as banking, agriculture and transportation say they are watching the effects of inflation and looking for signs of a slowdown, even as many continue to…

As economic pundits raise fears about a recession, the most powerful names in travel and hospitality are pushing back, pointing to bookings that illustrate a positive picture of the American consumer."We think this summer is going to be gangbusters for travel," Marriott CEO Tony Capuano told last week.Marriott saw an 81% rise in first quarter revenue compared to the same quarter a year ago as more leisure and business travelers got back on the road as Covid restrictions eased.Despite concerns around inflation, Expedia CEO…

The chief executives of major US passenger and cargo carriers on Monday warned of an impending "catastrophic" aviation crisis in less than 36 hours, when AT&T and Verizon are set to deploy new 5G service.The airlines warned the new C-Band 5G service set to begin on Wednesday could render a significant number of widebody aircraft unusable, "could potentially strand tens of thousands of Americans overseas" and cause "chaos" for US flights."Unless our major hubs are cleared to fly, the vast majority of the traveling and…