Axel Springer, the international media conglomerate based in Germany, has warned that journalism may be “simply replaced” by AI. The warning came as the company slashed an undisclosed number of jobs, as it aims to improve its annual results by over $100 million in three years. One of the largest media companies in the world
CEO of Massive Publisher Penguin Random House Steps Down After Simon & Schuster Merger Fails
February 4, 2023 by
NEW YORK (AP) — The CEO of Penguin Random House, the world’s largest trade publisher, is stepping down. Markus Dohle’s decision, effective at the end of the year, comes just weeks after a federal judge blocked the company’s attempt to buy rival Simon & Schuster. “Following the antitrust decision in the U.S. against the merger
Kraft Heinz CEO: Inflation and Supply Shortages Here to Stay for a While
October 26, 2022 by
Kraft Heinz CEO Miguel Patricio said Monday he does not see higher inflation and supply chain issues ending in the near future. “We’ve already increased the prices that we were expecting this year, but I’m predicting that next year, inflation will continue, and as a consequence [we] will have other rounds of price increases,” Patricio…
Former Reddit CEO Ellen Pao: ‘Deplatforming Works’
June 19, 2021 by
“Deplatforming works,” boasted former Reddit CEO Ellen Pao, who became notorious among Reddit users for her pro-censorship policies during her brief tenure as head of the company, in a tweet posted this week. Pao made the tweet in response to a study that showed the decline in attention for a group of right-wing commentators in…
Colonial Pipeline CEO Explains Why He Made Ransomware Hackers Rich
May 22, 2021 by
The CEO of Colonial Pipeline, Joseph Blount, has attempted to explain why he chose to pay a $4.4 million ransom to hackers that took the pipeline’s system hostage. According to one expert, the Colonial Pipeline payoff will “help keep United States critical infrastructure providers in the crosshairs.” The Wall Street Journal reports that the CEO of the Colonial…
FACT CHECK: Did Pfizer CEO Albert Bourla Refuse To Take His Company’s COVID-19 Vaccine?
March 30, 2021 by
A post shared on Facebook claims Pfizer CEO Albert Bourla refused to take his company’s vaccine. Verdict: False Bourla did not immediately receive the Pfizer vaccine because he did want to cut in front of people who needed it more. He has since been vaccinated with it, according to a company spokesperson. Fact Check: Pfizer…
FACT CHECK: Is Disney CEO Bob Chapek In Jail For Abusing Children?
February 20, 2021 by
An image shared on Facebook claims Disney CEO Bob Chapek is in jail “for abusing 2 little girls.” Verdict: False There is no evidence that Chapek has been arrested, charged or jailed for such a crime. The claim was originally posted on a website that has previously published misinformation. Fact Check: Bob Iger, in February…
Amazon’s Next CEO Led the Cloud Computing Division that Blacklisted Parler
February 3, 2021 by
Amazon Web Services (AWS) boss Andy Jassy — who is ultimately responsible for blacking Parler — will take over as the CEO of Amazon when Jeff Bezos steps down from the role. Jassy will become the new CEO of Amazon later this year. The incoming CEO is currently the head of AWS, which banned Parler from…
‘We Need A Reason To Get Up In The Morning’: Goya CEO Says Lockdowns Are Killing America
January 15, 2021 by
Goya Foods President and CEO Robert Unanue said Friday that coronavirus-induced lockdowns are destroying the people and economy of the United States because “we need a reason to get up in the morning.” “The worst thing we can do is shut down our economy,” Unanue told “Fox & Friends.” “We need a reason to get…
Report: Facebook CEO Mark Zuckerberg Personally Made Decision to Ban Alex Jones.
August 17, 2018 by
When an ordinary account gets banned on Facebook, it’s possible that no human was ever involved in the decision. Not so for Alex Jones and Infowars. According to the New York Times, the order to ban the radio host came from the very top. Citing sources from inside Facebook, The New York Times reported on the […]
Facebook CEO Mark Zuckerberg Breaks Silence, Set For Prime Time Interview Amid User Data Scandal.
March 22, 2018 by
Mark Zuckerberg finally broke his silence Wednesday amid a firestorm of criticism surrounding Facebook’s handling of private user data. Zerohedge reported on key aspects of Zuckerberg’s statement: While we repost the full statement below, the following excerpts are key: We have a responsibility to protect your data, and if we can’t then we don’t deserve to […]
Lockheed Martin CEO Tells Trump Company Plans to Lower F-35 Costs, Add 1,800 US Jobs
January 15, 2017 by
After meeting with President-elect Donald Trump on Friday, Lockheed Martin CEO Marillyn Hewson said the company is close to a deal to bring down the cost of its F-35 aircraft, and will also be adding 1,800 jobs to its Fort Worth plant. “I certainly share his views that we need to get the best capability […]
Trump taps Exxon CEO as secretary of State
December 13, 2016 by
President-elect Donald Trump has chosen Rex Tillerson as his nominee for secretary of State, despite deep skepticism in the Senate over the Exxon Mobil CEO’s ties to Russia. In a statement released by his transition team early Tuesday, Trump called Tillerson’s career “the embodiment of the American dream.” “Through hard work, dedication and smart deal […]
Exxon CEO Is Now Trump’s Secretary Of State Favorite -Transition Official
December 10, 2016 by
Exxon Mobil Corp Chief Executive Officer Rex Tillerson emerged on Friday as President-elect Donald Trump’s leading candidate for U.S. secretary of state, a senior transition official said. Trump met Tillerson on Tuesday and may talk to him again over the weekend, the official said. Trump appears to be in the final days of deliberations over […]
Wall Street CEO: Trump Will Change ‘Architecture’ Of America
December 7, 2016 by
A former investment banker and current chair of President-elect Donald Trump’s economic forum claims the new administration will be incredibly pro-deregulation, a statement that will likely have widespread impacts on the global business community. After being named the chair of Trump’s economic forum Dec. 2, Blackstone CEO Steve Schwarzman said “if you look at the […]
Time Warner CEO: Democrats, not Trump, Threatened First Amendment
December 7, 2016 by
Time Warner CEO Jeff Bewkes said Tuesday that the real threat to the First Amendment in the 2016 election had come from Democrats, not from Donald Trump — and that the media had largely missed the threat because of their own partisan bias. Speaking to the Business Insider IGNITION conference in New York City, Bewkes pointed […]
BREAKING: DNC CEO Amy Dacey Resigns After Russian Email Hack
August 2, 2016 by
The CEO of the Democratic National Committee (DNC) is the latest martyr in the Wikileaks DNC email scandal.Amy Dacey privately resigned Tuesday, only a week after DNC Chair Debbie Wasserman Schultz publicly announced her departure. Three Democratic strategists confirmed the resignation to the Associated Press, adding that other personnel moves were also expected after Tuesday. Debbie Wasserman […]
Disney CEO: Hey Bernie Sanders, How Many Jobs Have You Created?
May 27, 2016 by
Disney CEO Bob Iger was not happy with Democratic presidential candidate Sen. Bernie Sanders’ comments that his company isn’t paying his workers a living wage. In a (private) Facebook post, Iger slammed Sanders and pointed out that Disney has created thousands of jobs in the United States. Iger is a supporter of Hillary Clinton. In […]
Bank CEO Reveals How Obama Administration Shook Him Down
February 21, 2016 by
The former CEO of Ally Financial Inc. says the Obama administration abused its power by holding the bank’s business hostage in order to coerce a record settlement of “trumped-up” racism charges and push profit-killing new regulations on the entire auto-lending industry. The huge $100 million deal has spooked several other major lenders into resolving similar […]
New Video: StemExpress CEO Brags About Planned Parenthood Providing ‘A Lot’ of Intact Fetuses
August 25, 2015 by
The Center for Medical Progress’s undercover video investigation of Planned Parenthood is not for the faint of heart. Video No. 8 is no exception. In its latest release, the CMP has unveiled footage of a StemExpress CEO bragging about Planned Parenthood’s fetal body parts supply as a “volume institution.” Planned Parenthood has had a long-time […]