Tagged Articles

CEO 3 articles

Holiday data breach described by Target’s CEO as “a real punch in the gut”

Target’s CEO, Gregg Steinhafel, told CNBC that the data breach that has left millions of customers’ sensitive personal information exposed was “a real punch in the gut.” After disclosing information about the credit and debit card information cyber-crime, Target’s sales have taken a dramatic turn for the worse. “Clearly customers were confused, they were frustrated, they didn’t really understand,” Steinhafel said. “It was a pretty big impact.” According to YouGov’s BrandIndex, a daily measurement of brand perception among the public, Target’s reputation among shoppers plunged during the final shopping days before Christmas when the security breach was first announced to ... Read More

Word from inside: Hayward to leave BP by October

CBS News is reporting that an official from inside BP‘s headquarters says the company’s current CEO Tony Hayward will leave that position in October. According to the news agency’s source, Hayward will be moved into a position with TNK-BP, the company’s Russian operation. Rumors that Hayward would leave the leadership role at the oil company responsible for the massive oil leak in the Gulf of Mexico have been swirling for weeks. BP’s Board of Directors is meeting in London, at which time the decision is expected to be officially announced. It is also expected that Bob Dudley, BP’s current Managing ... Read More

Oil spill hearings open in Louisiana and DC

Hearings began today in Washington and Louisiana on the oil spill in the Gulf of Mexico created when the Deepwater Horizon platform exploded on April 20 and sank two days later. Executives representing BP, based in London with North American headquarters in Houston, will testify alongside partners Transocean Ltd., based in Geneva, Switzerland, and Halliburton Co. of Houston. According to testimony prepared for the Senate Committee on Energy and Natural Resources and the Senate Environment and Public Works Committee, corporations involved in the Deepwater Horizon incident are expected to give conflicting accounts of responsibility on the causes of the explosion. ... Read More