BlackBerry Makerâs Chairman Resigns but Will Remain as Co-C.E.O.
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Research in Motion said it would restate $250 million in results, far more than it originally predicted, after a review of its stock-option grants.
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The co-founder of the athletic shoe and clothing company is stepping down as president and CEO, with his resignation taking effect Dec. 28.
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On Monday, Office Depot Chairman and CEO Bruce Nelson quit âby mutual agreement.â The decision has come after his four years being a chairman.
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Former newspaper baron Conrad Black resigned as chairman and chief executive of Hollinger Inc. on Tuesday, in an expected move designed to help him take the Canadian holding company private.
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Jim Balsillie, the co-chief executive of BlackBerry maker Research In Motion Ltd.,  has stepped down as chairman on Monday as the company announced a $250-million earnings restatement relating to mistakes in how it granted stock options in the past.
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NEW YORK (CBS.MW) -- Conrad Black stepped down Tuesday morning from his position as chairman and CEO of media holding company Hollinger Inc.
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Office Depot Inc. (ODP.N: Quote, Profile, Research) on Monday said Chairman and Chief Executive Bruce Nelson resigned &quot;by mutual agreement&quot; with the board, after four years at the helm.
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PeopleSoft&#39;s Chairman and CEO David Duffield resigned from the company on Dec. 21, just one week after PeopleSoft&#39;s board agreed to accept Oracle&#39;s $10.3 billion acquisition offer.
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Office Depot Inc. ODP.N on Monday  said Chairman and Chief Executive Bruce Nelson has resigned  after the No. 2 U.S. office supply chain determined it needed a  new leader to boost sales and stem a slide in market share.
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Integrated circuits maker Linear Technology Corp., of Milpitas, says Bob Swanson will give up the title of chief executive officer after 23 years, shifting to a new role as executive chairman.
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McDonald's announced that Charles H. Bell was resigning as chief to focus on his battle with cancer, and will be succeeded by James Skinner, the vice chairman.
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Bear Stearns Cos Inc  leader James Cayne will relinquish his title as chief executive, but remain chairman, the Wall Street Journal reported on Monday, citing people familiar with the matter.
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Tough times continue at Sprint Nextel, as the company said Thursday that three of its top executives are on their way out.CFO Paul Saleh, Chief Marketing Officer (CMO) Tim Kelly, and President of Sales and Distribution Mark Angelino will leave the company on Friday, according to Sprint Nextel. It wasn&#39;t clear if the executives were leaving voluntarily or were being let go, and company spokeswoman Leigh Horner said in an e-mail that Sprint Nextel isn&#39;t &quot;commenting further or characterizing the nature of these departures.&quot;In a press statement, Sprint Nextel President and CEO Dan Hesse thanked the three for their &quot;dedication and contributions&quot; to the company, and wished them luck in future endeavors.Sprint Nextel is looking to replace the departing executives permanently, but in the meantime their duties are being handled by existing executives.William G. Arendt, currently senior vice president and controller of Sprint Nextel, will serve as acting CFO, while John Garcia, currently senior vice president, product development and management, will serve as acting CMO. Paget Alves, currently Sprint Nextel&#39;s regional president for sales and distribution, will serve as acting president, sales and distribution. All of these executives will report directly to Hesse.The news of the executive shake-up follows the announcement last week that&#160;Sprint would be laying off 4,000 employees and the close 125 of its 1,400 retail outlets&#160;due to the net loss of more than 100,000 customers in the fourth quarter of 2007. At the end of the year, Sprint said it had 53.8 million subscribers, including 40.8 million customers of its traditional post-paid service.The company plans to announce its full fourth-quarter results on Feb. 28.While Sprint struggles, rival carrier&#160;AT&amp;T seems to be doing better, thanks to its partnership as the&#160;exclusive service provider for Apple&#39;s iPhone&#160;device. AT&amp;T&#39;s revenue was up 2.9 percent in the fourth quarter of 2007, largely driven by increases in mobile phone and broadband customers, the company announced Thursday.AT&amp;T saw a net gain of 2.7 million mobile subscribers during the quarter, and most of them came to the company through its iPhone partnership, the company said. Apple said Tuesday it sold 2.3 million iPhones during the quarter.
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Research in Motion's chairman announced Monday he has resigned after a stock option probe found irregularities that will force the BlackBerry maker to restate its financial statements from 2004 to 2007.
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The head of telecom equipment maker  Ericsson's  Redback Networks unit is leaving his  executive position to become vice chairman of the unit,  Redback's chairman said on Thursday.
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The boss of packaging company Amcor has quit his post amid a growing scandal over allegations of price-fixing. Amcor said chief executive Russell Jones - along with top divisional head Peter Sutton - had both resigned.
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H.P.Âs chairwoman will step aside in January, the C.E.O. will succeed her and the longest-serving director resigned.