LOS ANGELES — WarnerMedia is investigating claims that Warner Bros. chairman and CEO Kevin Tsujihara promised acting roles in exchange for sex as detailed in The Hollywood Reporter Wednesday. The article includes text messages between British actress Charlotte Kirk and Tsujihara going back to 2013 when they were introduced by Australian...
CBS Denies Former CEO Les Moonves $120 Million Severance
NEW YORK — CBS announced Monday that former CEO Les Moonves will not receive his $120 million severance package after the board of directors concluded he violated company policy and was uncooperative with an investigation into sexual misconduct allegations. The decision, which came after a five-month outside investigation, capped the...
Tesla Without Musk at the Wheel? That's What the SEC Wants
DETROIT — Tesla without Elon Musk at the wheel? To many of the electric car maker's customers and investors that would be unthinkable. But that's what government securities regulators now want to see. The Securities and Exchange Commission has asked a federal court to oust Musk as Tesla's chairman and...
Amazon's Jeff Bezos to Start $2 Billion Charitable Fund
SEATTLE — Amazon founder and CEO Jeff Bezos said Thursday that he is giving $2 billion to start a fund that will open preschools in low-income neighborhoods and give money to nonprofits that helps homeless families. Bezos, whose stake in Amazon is worth about $160 billion, says that he'll call...
Tesla Stock Falls as Musk Appears to Smoke Weed on This Video
Shares of electric car maker Tesla Inc. fell more than 6 percent early Friday after the CEO appeared to smoke marijuana during an interview and the company's accounting chief left after a month on the job. CEO Elon Musk appeared on "The Joe Rogan Experience" overnight. About two hours into...
Musk Says He’s Cracking Under Stress of Tesla Job
What do you do when your CEO confesses that he's cracking under the stress of his job? That's the question that the nine board members of electric car and solar panel maker Tesla Inc. must answer after Elon Musk, the company's impulsive leader, admitted to The New York Times that...
How Does Your Pay Stack Up Against Top CEOs?
Here are the top-paid CEOs by state for 2017, as calculated by The Associated Press and Equilar, an executive data firm. Michael Rapino, boss of Live Nation Entertainment, led the way in California at $70.6 million. Frank J. Bisignano, of Georgia-based First Data, topped the list at $102.2 million. The...