-
Wells Fargo said Tuesday that Mike Santomassimo will replace John Shrewsberry as chief financial officer when he retires in the fall after more than two decades at the firm. Since taking over as chief executive in October, Charles Scharf has shaken up leadership at the bank and installed a slew of former colleagues and confidants …
-
The model that Roger Goodell’s NFL should use when it decides to discipline Daniel Snyder for his Animal House workplace is not Jerry Richardson, and it is not Donald Sterling. It is NBA Commissioner Adam Silver and Mavericks owner Mark Cuban. It is somewhat immaterial in this case that Cuban is a championship owner and …
-
The federal government is cracking down on fat bonuses for top executives of Neiman Marcus after The Post reported on the bankrupt chain’s controversial efforts to enrich its CEO. Henry Hobbs, the acting US Trustee overseeing Neiman’s Dallas, Tex., bankruptcy, blasted $10 million in bonuses Neiman has set aside for its senior staff, including CEO Geoffroy …
-
Tom Bergeron poked fun at how fast he had been replaced by Tyra Banks as the new host of “Dancing with the Stars.” After exiting the series earlier this week, the longtime host of ABC’s dancing competition took to Twitter on Wednesday, joking, “I guess I won’t be getting back my monogrammed towels.” Bergeron’s co-host …
-
Ghislaine Maxwell secretly wed to safeguard her fortune amid her legal woes, a friend claims in a new report. The pal believes the hidden marriage — a bombshell revelation at Maxwell’s court hearing — was likely orchestrated “to protect the money she had,” the Times UK reported. Prosecutors say the British heiress is linked to …
-
The market and the economy are out of sync, and that was a recipe for success at Morgan Stanley. The Wall Street giant’s chief James Gorman delivered a blowout quarter to investors on Thursday, riding an unprecedented market rally in the second quarter even as the US economy got slammed with record unemployment and business …
-
Bank of America’s profits plunged by more than half as it set aside more than $5 billion in capital to brace itself against possible loan defaults in the coming months. The nation’s No. 2 lender on Thursday reported earnings of $3.53 billion, or 37 cents per share versus $7.35 billion, or 27 cents a share, …
-
JCPenney said on Wednesday it would cut about 1,000 jobs and shutter 152 stores as the US department store chain looks to emerge from Chapter 11 protection and the COVID-19 crisis. The layoffs would affect corporate, field management, and international roles and eligible departing employees would receive a severance package. The company is also in …
-
The company that drove Dean & Deluca into bankruptcy is offering $10 million for another shot at running the gourmet grocer, The Post has learned. Thailand-based real estate company, Pace Development, which sunk millions into a failed Dean & Deluca expansion before filing for Chapter 11 bankruptcy protection in April, outlined its plan for a …
-
Tyra Banks is ballroom-bound. The 46-year-old supermodel and businesswoman has been tapped as the new host of ABC’s “Dancing with the Stars,” the series announced on Twitter, following the departures of hosts Tom Bergeron and Erin Andrews. “I’ve been a fan of ‘DWTS’ since its beginning … The fun mixed with raw emotion, seeing celebrities …
Wells Fargo said Tuesday that Mike Santomassimo will replace John Shrewsberry as chief financial officer when he retires in the fall after more than two decades at the firm. Since taking over as chief executive in October, Charles Scharf has shaken up leadership at the bank and installed a slew of former colleagues and confidants …
