Allen Weisselberg pled guilty in August to evading taxes on $1.76 million in personal income. In exchange for a five-month jail sentence, he agreed to testify at the trial. The Trump Organization is charged with illegally providing executive benefits for 15 years without informing tax authorities. Allen Weisselberg, a longstanding senior executive at the family … Read more
Gustavo Arnal, 52, was Bed Bath & Beyond’s chief financial officer. He died following a fall from the downtown Manhattan luxury skyscraper where he lived. Retail giant announced it would close about 150 of its more than 700 namesake stores and lay off about 20% of its 32,000 employees. Bed Bath & Beyond and the … Read more
GameStop’s CFO was “fired because he was not the appropriate culture fit” source says. GamesStop has been reinventing itself to keep up with the online-dominant videogame industry. Shares of GameStop fell by more than 6% in extended trading. As part of an aggressive turnaround strategy, GameStop has removed its Chief Financial Officer, Mike Recupero, and … Read more
Shares of GameStop fell 8% in extended trading after the video game retailer terminated its CFO. Michael Recupero was previously a chief financial officer of Amazon’s North American consumer business. The exit was first reported by Axios, which also said the company was laying off an undisclosed number of employees. GameStop Corp (GME.N) said on … Read more
BEIJING: China’s largest e-commerce group Alibaba said on Monday it is appointing a new chief financial officer and reorganising its e-commerce businesses, amid a regulatory crackdown in the technology industry, Arab News reported. The company said in a statement that Toby Xu will succeed Maggie Wu as its new CFO from April 1, 2022. Xu joined Alibaba … Read more
KARACHI: The Association of Chartered Certified Accountants (ACCA) and CXO Private Limited (CFO Club) have entered in a partnership to create world-class learning opportunities for the accounting and finance professionals in the county to support them with their global relevance and future-readiness, a statement said on Friday. The partnership was announced at a high-level MoU … Read more
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has signed a strategic contract with Whale Cloud Technology to transform its critical charging and billing platform, a statement said on Thursday. PTCL & Ufone acting chief executive officer & Group chief financial officer Nadeem Khan and Whale Cloud Technology South Asia president Chen XiaoWei signed the contract … Read more
