Tag: execs

2024-11-21

Visa & Mastercard execs grilled by senators on high swipe fees

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Business

The Senate Judiciary Committee convened on Tuesday for a hearing on the alleged Visa–Mastercard “duopoly,” which committee members from both sides of the aisle say has left retailers and other small businesses with no ability to negotiate interchange fees on credit card transactions. “This is an odd grouping. The most conservative and the most liberal members happen to agree…

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2024-10-01

Major CVS shareholder plans activist push, meet with execs: sources

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Business

Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, a potential precursor to an activist push. The hedge fund has established a sizable position in the company, said some of the people. Glenview invests in a…

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2024-09-26

OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart

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Business

Mira Murati, chief technology officer of OpenAI, during an interview on “The Circuit with Emily Chang” in San Francisco on April 4, 2023. Philip Pacheco | Bloomberg | Getty Images OpenAI’s board is considering plans to restructure the firm to a for-profit business, according to a source who asked to remain anonymous because the talks are ongoing. The company…

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