EMI boss to quit ahead of buyout
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EMI chief executive Eric Nicoli is to step down from his post as part of a shake-up under new owners Terra Firma.
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Former press baron Conrad Black will quit as chairman and chief executive of his Canadian holding company, Hollinger Inc. (HLGc.TO), to facilitate his offer to take the company private, his lawyer said on Friday.
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LONDON -- Northern Rock PLC's chief executive will step down immediately rather than in February as planned, the troubled mortgage lender said Thursday.
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Former EMI Group Plc Chief Executive Jim  Fifield is interested in potentially making an offer for the  world&#39;s third biggest music company, he said on Friday.
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Meg Whitman, the chief executive of online auction website eBay announces she will step down on 31 March.
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The record label EMI is reported to be planning to cut as many as 2,000 jobs as part of a restructuring plan.
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Former EMI Group Chief Executive Jim  Fifield is still working on a deal to buy the company despite  his reported financial backer, Corvus Capital, pulling out, the  New York Post said on its Web site.
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LONDON -- Shares of EMI Group PLC, whose artists include Coldplay and Robbie Williams, dropped more than 8 percent Thursday after the music company said it had ended takeover talks with an unidentified suitor.
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Former CEO quits on heels of bad quarterly loss.
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TORONTO : Media baron Conrad Black, facing battles with shareholders in the US and Canada, will quit as chairman and chief executive officer of the Canadian holding company Hollinger Inc &quot;within a few days,&quot; the company announced.
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Warner Music Group Corp.  said on Tuesday it decided against bidding for British rival EMI Group Plc , two days before a deadline to submit an offer loomed.
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EMI Group, the struggling British music company, has said that it has received a new takeover approach from US rival Warner Music.
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LONDON, Nov. 28  Â The EMI Group, the British music company, said Tuesday that it had been approached about a takeover, and a source close to the situation said that the private equity firm Permira had made the contact.
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Media & professional: EMI has become the last of the big four record labels to reach an agreement with YouTube.
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The new owners of music label EMI Group Â home of the Rolling Stones, Coldplay and the Spice Girls Â said Tuesday that they plan to cut up to 2,000 jobs, or just over a third of its work force, in a restructuring aimed at offsetting the impact of falling revenue from CD sales and the departure of several of its major artists.
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Jean-Paul Gut, the chief operating officer of EADS, quit on Monday, adding further turmoil to the companyâs top management one week before the Paris air show.
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The world's third-largest music company EMI has named former BSkyB executive Martin Stewart as its new finance chief, replacing Roger Faxon, who will move to take control of its powerful publishing unit.