Scharf, chairman and CEO of Bank of New York Mellon, takes over at Wells Fargo as CEO and president on Oct. 21.
Boeing Chief Executive Dennis Muilenburg speaks during a press conference after the annual shareholders meeting at the Field Museum on April 29, 2019 in Chicago, Illinois. Boeing announced earnings fell 21 percent in the first quarter after multiple crashes of the company's bestselling plane the 737 Max. CEO Dennis Muilenburg will testify before House lawmakers next month following two fatal crashes of the 737 Max, the manufacturer's best-selling plane.
Boeing and the Federal Aviation Administration are facing several investigations and intense scrutiny over the development and approval of the 737 Max. Those planes have been grounded since mid-March following two crashes within five months of one another. The hearing before the House Committee on Transportation and Infrastructure is scheduled for Oct. 30.Trending Now
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Boeing settles first 737 Max lawsuits with families of Indonesia crash victimsAlmost a year after a Lion Air 737 Max crashed off the coast of Indonesia killing 189 people, Boeing has started settling lawsuits brought by the families of victims. Reuters, which first reported the settlements, said each of the families of those killed will receive at least $1.2 million.
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Huawei CEO says it's working on 6G — but the technology is still some 10 years offHuawei CEO Ren Zhengfei says his company has started work on 6G mobile networks — that's the successor of 5G which has yet to roll out on a large scale.
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Huawei CEO is considering giving out an exclusive 5G license to a US firmChinese tech giant Huawei is willing to exclusively license its 5G technology to one American firm to create a level playing field for competitors, CEO Ren Zhengfei said on Thursday.
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Embattled WeWork Founder Adam Neumann Steps Down as CEOThe controversial cofounder is stepping down amid increasing pressure.
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That time Jamie Dimon pitched Disney CEO Bob Iger his idea for a romantic comedyDimon even recommended that the movie, which unsurprisingly never got made, should star Bette Midler and Julia Louis-Dreyfus.
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