Theo Francis

GE Cancels Stock Awards for CEO, Cutting $14 Million Off Pay

General Electric Co. GE 2.46%increase; green up pointing triangle said it canceled stock awards for Chief Executive Officer Larry Culp originally valued at $20 million, saying the company had failed to reach minimum performance thresholds necessary…

General Electric Stock Jumps After Company Reaffirms 2023 Guidance

Shares of General Electric jumped Thursday after the company reaffirmed its 2023 guidance ahead of its investor presentations in Cincinnati, and predicted wider aerospace profits after it splits in two early next year. The stock was up about 6.5% at…

What Is a CEO’s Pay Actually Worth?

For the first time, public companies are revealing how much compensation their CEOs are actually poised to get, by tabulating gains and losses in the stock awards that make up much of their pay packages. For Olivier Le Peuch, chief executive of…

Why Big Layoff Announcements Don’t Always Mean Big Workforce Cuts

Big job cuts can make headlines and move stock prices. One thing they don’t always do: leave companies that much smaller. A wave of layoff announcements that started in the tech industry last fall has spread to auto makers, consumer-product…

Activist Investor Nelson Peltz Steps Up Pressure on Disney Board

Activist investor Nelson Peltz escalated his criticism of the Walt Disney Co.’s DIS 3.49% board and advocated for the removal of director Michael B.G. Froman, blaming him for backing governance and compensation decisions that Mr. Peltz says have…

The Bosses Are Back in Charge

America’s bosses are starting to feel bossy again. Many executives say that they are no longer scrambling to retain workers, after several years of doing whatever it took to keep people on staff. Pay increases are slowing. For some jobs, hiring is…

Corporate Layoffs Spread Beyond High-Growth Tech Giants

Together with layoffs announced by manufacturer 3M Co. MMM 0.07% this week, these companies are trimming more than 10,000 jobs, just a fraction of their total workforces. Still, the decisions mark a shift in sentiment inside executive suites, where…

CEOs Say They Expect a U.S. Recession, but Most Think It Will Be Short

Top executives in much of the world are preparing for an economic downturn that is shorter and milder than usual, so they are focused on weathering the slowdown without widespread job cuts, a new survey found. Significant majorities of corporate…

Key Business Provisions of the $1.65 Trillion Omnibus Spending Bill

The $1.65 trillion omnibus spending bill released Tuesday, which would fund the federal government through September, includes a range of provisions of potential significance to companies and executives. Here is what is in the legislation that the…

Investors, Big-Company CEOs Split on Economic Optimism, Survey Says

Big-company CEOs are worrying more about the global economy than either professional investors or their counterparts at midsize companies, a new survey suggests. At least two-thirds of CEOs of the biggest companies surveyed said they expected the…

Layoffs Hit White-Collar Workers as Amazon, Walmart, Others Cut Jobs

Recent rounds of layoffs at large U.S. companies mark a departure from the usual pattern as executives navigate fears of an economic slowdown: This time, white-collar workers have been among the first and hardest hit. Demand has fallen sharply for…

Job Postings With Broad Pay Ranges Leave Applicants Guessing in NYC

As companies publish pay details for job openings under new laws in New York City, some are listing maximum pay figures that are more than double the minimum pay for the job, stretching salary ranges to hundreds of thousands of dollars for certain…

Companies Under Growing Pressure to Recoup Executive Pay

Before the Securities and Exchange Commission adopted a new rule last week on clawing back executive pay, the agency and federal prosecutors had begun ramping up efforts to recoup compensation from top executives whose companies run afoul of…

Twitter Executives in Line for $100 Million Payout After Elon Musk Fired Them

WSJ Financial Editor Charles Forelle and Alexa Corse, WSJ reporter covering Twitter, discuss Elon Musk’s takeover of Twitter. What does the future hold for the platform? And what does this deal mean for Mr. Musk’s business empire? Departing CFO Ned…

GE Lowers Profit Goals Amid Losses in Power Business

GE lowered its adjusted earnings forecast for 2022, to a range between $2.40 and $2.80 a share, from $2.80 to $3.50 a share projected at the beginning of the year. In July, the company had warned that it expected results to come in at the low end of…

Want to Get Ahead? Pick the Right Company.

Retail workers at Gap Inc. GPS 3.25%▲ are significantly more likely to become managers than at other companies in their industry. Apple Inc. is among the best places to work if you want to land a bigger job elsewhere. For employees seeking security,…

Price Increases Come Easily for Big Businesses, but Inflation Still Squeezes Profits

Many big U.S. businesses say they have been able to increase prices this year with limited pushback from customers. Not all the changes are leading to higher corporate profits. Cintas Corp., CTAS -0.29%▼ which rents and sells uniforms, and Vulcan…

Nike’s Inventory Woes Stretch to China as Covid Recovery Remains a Challenge for Brands

Nike Inc.’s NKE -12.81%▼ quarterly results highlight how some U.S. brands have too much inventory at home and in markets like China, where the companies have placed big financial bets.The sneaker giant on Thursday said revenue from China in the…

Amazon, Berkshire Hathaway Could Be Among Top Payers of New Minimum Tax

WASHINGTON—A handful of large companies, such as Berkshire Hathaway Inc. BRK.B -0.28%▼ and Amazon.com Inc., AMZN -3.01%▼ could bear most of the burden from a 15% corporate minimum tax President Biden signed into law last month. Researchers at the…

Oracle’s Ellison’s Compensation Topped $130 Million Last Fiscal Year

Leaders of the business software giant were among the best paid in the U.S. Oracle Corp.’s top executives are again among the highest-paid at big U.S. companies, thanks to a decision last year to give them more time to earn stock options. Oracle…