Intel’s CEO and CFO are facing a class-action lawsuit alleging they misled investors about the health of the company’s foundry business. The lawsuit comes after Intel reported a $1.6 billion loss and announced layoffs, raising concerns about the future of its manufacturing operations.
Radhika Gupta, a Shark Tank India 3 investor and CEO of Edelweiss Mutual Fund, overcame numerous adversities to achieve phenomenal success. From battling health issues and facing rejection to becoming one of India’s youngest CEOs, her story is a testament to resilience and determination.
Cricket Australia CEO Nick Hockley announced his resignation, effective at the end of the 2024-2025 season. Hockley, who has served CA for 13 years, cited the completion of a five-year strategic plan and the desire for new challenges as reasons for his departure. He will continue to focus on the upcoming season and assist the board in finding his successor.
Boeing has named former Rockwell Collins chief Robert “Kelly” Ortberg as its new CEO, effective August 8th. This comes as the aviation giant reported a significant second-quarter loss due to ongoing operational challenges. Ortberg’s appointment marks a shift for Boeing as it attempts to recover from safety and quality control issues that have plagued the company.
Johnson Controls announced that CEO George Oliver will retire and the company has begun a search for his successor. The company also appointed Patrick Decker to its Board following a constructive dialogue with Elliott Investment Management. These moves are part of the company’s ongoing board refreshment and are seen as positioning the company for continued growth.
Google CEO Sundar Pichai recently shared adorable photos of his dog, Jeffree, who seems to be a regular visitor at Google headquarters. Pichai referred to Jeffree as his ‘best work partner’ and even celebrated National Dog Day with a collection of photos showcasing Google employees’ furry companions.
Nikesh Arora, CEO of Palo Alto Networks, earns a staggering USD 151.43 million, surpassing even Google CEO Sundar Pichai and Meta CEO Mark Zuckerberg. His impressive compensation and career journey highlight his significant impact on the tech industry.
Revathi Advaithi, the CEO of Flex, is a rising star in the business world. With a career spanning Eaton and Honeywell, Advaithi brought her leadership and vision to Flex in 2019, transforming the company from a contract manufacturer to an end-to-end value chain provider. Advaithi’s emphasis on diversity, inclusivity, and sustainability has made her a respected leader in the industry.
Pradeep Bakshi, Managing Director and CEO of Voltas Limited, earned a total compensation of Rs 7.21 crore in fiscal year 2024, according to the company’s annual report. This includes a base salary, perks and allowances, and commissions. Bakshi, who has over 30 years of experience in the consumer durables sector, has been instrumental in driving Voltas’ growth and profitability.
Dinesh Kumar Sarogi, CEO of Vulcan Green Steel, has been charged with sexual harassment after a woman accused him of showing her adult content on a flight from Kolkata to Abu Dhabi. The woman alleged that Sarogi initiated a conversation with her, which turned into a disturbing incident when he displayed pornographic material on his phone.
