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David Nielsen - 3 Jonathan Johnson - 2 Johnson - 2 Marcus Lemonis - 2 Jonathan - 2 Allison Abraham - 2 JAT - 1 Beyond's - 1
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New York JAT CNBC's Russian Salt Lake Salt Lake City , Utah U.S Salt Lake City
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Search resuls for: "David Nielsen"


6 mentions found


☆ The new Bed Bath & Beyond's CEO is out, days after activist firm called for his ouster
  + stars: | 2023-11-06 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +2 min
The new Bed Bath & Beyond announced Monday its CEO, Jonathan Johnson, is immediately stepping down from his position just days after activist hedge fund JAT Capital called for his ouster. He led the company through its acquisition of Bed Bath & Beyond earlier this year and its corporate name change to Beyond Inc. , which took effect Monday. David Nielsen, Beyond's president and a former Payless ShoeSource executive, has taken over as interim CEO while the board undergoes a search for a permanent candidate. Beyond said Johnson's departure "follows mutual agreement" between him and the board to transition the company to new leadership, but the move came on suddenly. The company and Johnson didn't immediately return a request for comment seeking additional information.
Persons: Jonathan Johnson, Johnson, JAT, Marcus Lemonis, David Nielsen, Jonathan, Allison Abraham, Beyond's, Johnson didn't, Patrick Byrne Organizations: Bed, Inc, CNBC PRO Locations: JAT, CNBC's, New York, Russian
☆ Bed Bath & Beyond just removed the CEO who led its transition from Overstock.com
  + stars: | 2023-11-06 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
Bed Bath & Beyond CEO Jonathan Johnson is stepping down from his role, the company said Monday. AdvertisementAdvertisementBed Bath & Beyond, formerly known as Overstock.com, has a new CEO as well as a new name. Johnson led the company's name change and has said that he looked at Bed Bath & Beyond's name "jealously for several years." Overstock said in June that it would change its name after acquiring the rights to Bed Bath & Beyond's name, trademarks, websites, mobile apps, and other elements of branding. Bed Bath & Beyond formerly was a chain of stores that sold home goods around the US.
Persons: Jonathan Johnson, Johnson, —, David Nielsen, Jonathan, Allison Abraham, John Thaler, Thaler, Marcus Lemonis, Overstock Organizations: Service, CNBC, Inc, Board, JAT, Reuters, Camping Locations: New York
☆ Mormon church sued again over how it uses tithing contributions from members
  + stars: | 2023-11-01 | by ( ) www.cnbc.com   time to read: +4 min
The Church of Jesus Christ of Latter-Day Saints, historic Mormon Salt Lake Temple is shown here with Christmas light display in Salt Lake City, Utah. The church agreed to pay $1 million and Ensign Peak will pay $4 million. Their lawsuit seeks class-action certification, potentially involving millions of church members, and an independent entity to oversee collection and use of church donations. Ensign Peak has spent funds only twice in its 26-year history, according to both lawsuits. From 2010-2014 it put $1.4 billion to build a mall near Temple Square in downtown Salt Lake City.
Persons: of Jesus Christ, doesn't, James Huntsman, Jon Huntsman, Jr, didn't, Huntsman's, Daniel Chappell, Masen Christensen, John Oaks, Huntsman, David Nielsen, Ensign Peak Organizations: of Jesus, Utah Gov, U.S . Securities, Exchange Commission, Corporation of, Advisors, U.S . Senate, U.S, Ninth Circuit Locations: Salt Lake, Salt Lake City , Utah, U.S, Salt Lake City, California, Virginia, Utah, Temple
☆ The AI boom shakes up stocks, disrupts tech, and could be on the brink of its 'iPhone' moment
  + stars: | 2023-05-16 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
Over the last several months, I've turned to ChatGPT for research, book summaries, and even pasta recipes. It was only in March that Bank of America strategists declared that AI was on the brink of its "iPhone moment," and that it was about to change the world forever. In the stretches he's referring to, stocks appreciated 15% on average, and inflation's also declined, something that would be welcome news for the Fed right now. The giant's quarterly iPhone sales slowed last quarter, and shareholders may have to brace for another snag. Apple's "base business is stagnating and its high-margin apps platform could be disintermediated by ChatGPT plugins," Wood said.
☆ The Mormon Church settles allegations it hid $32 billion in investments. A top exec said the church was worried its staggering wealth would cause members to stop donating.
  + stars: | 2023-02-21 | by ( Chris Panella | ) www.businessinsider.com   time to read: +2 min
The charges allege the two "went to great lengths" to hid the church's $34 billion in investment assets. A top exec said the church was worried revealing its wealth would cause members to stop donating, the Wall Street Journal reported. The church and Ensign Peak agreed to pay a collective $5 million settlement to settle the charges. The scale of the church's wealth only became apparent in 2019 when David Nielsen, a former employee of Ensign Peak Advisors, made a whistleblower complaint. The Mormon Church's investment portfolio features billions in Apple, Microsoft, and health care stocks, Insider previously reported.
☆ The SEC is investigating whether the Mormon Church's investment division complied with disclosure rules, report says
  + stars: | 2023-02-11 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +3 min
The SEC is investigating if the Mormon Church's investment arm complied with rules, per The Journal. Ensign Peak Advisors managed assets worth $100 billion in 2019, a whistleblower complaint revealed. He alleged that Ensign Peak shouldn't have tax-exempt status because it did not engage in any charitable activities. Ensign Peak Advisors, the Mormon Church, the SEC and the Senate Finance Committee didn't immediately respond to requests for comment from Insider, made outside normal working hours. SEC rules require managers such as Ensign Peak to disclose holdings in US-listed companies, which The Journal reported were worth about $40 billion.
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