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7 mentions found


☆ Nike's new CEO was an intern at the brand in 1988. He's now in charge of saving one of the biggest sports apparel legacies in the world.
  + stars: | 2024-09-20 | by ( Aditi Bharade | ) www.businessinsider.com   time to read: +5 min
Read previewNike's incoming CEO is an old face in the company, having worked his way up the ranks from intern to C-Suite exec. He's set to take over Nike's outgoing CEO, John Donahoe, who has led the company since 2020. This story is available exclusively to Business Insider subscribers. According to Hill's biography, which Nike shared with BI, he started in the company as an apparel sales representative intern in 1988. AdvertisementNike representatives did not respond to a request for comment from Business Insider sent outside business hours.
Persons: —, Elliott Hill, He's, John Donahoe, Hill's, Hill, I'm, I've, Tom Peddie, Peddie, Locker, David Daniels, Daniels, Peter Cappelli, Cappelli, Elliot Hill, he's, Justin Sullivan, Jim Duffy, BI's Lloyd Lee, Duffy, they've, Ursula Burns, Burns Organizations: Service, Business, Nike, BI, NIKE, — Consumer, National University of Singapore, Wharton School, University of Pennsylvania, Stifel, Xerox, Columbia University, Business Insider
☆ Here are Monday's biggest analyst calls: Tesla, Nvidia, Apple, AMD, Home Depot, Western Digital & more
  + stars: | 2024-01-22 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Northland downgrades Advanced Micro Devices to market perform from outperform Northland downgraded the stock mainly on valuation. " Bernstein reiterates Apple as market perform Bernstein said it expects "not great" Apple earnings on February 1. William Blair downgrades Vita Coco to market perform from outperform William Blair said it's concerned about higher costs for the beverage company. Raymond James downgrades Comerica to market perform from outperform Raymond James said the earnings outlook looks too challenging for Comerica. "We are downgrading CMA shares from Outperform to Market Perform and reducing our 2024 EPS estimate to reflect its initial 2024 outlook."
Persons: Bernstein, Hunt, KeyBanc, Key, it's, Morgan Stanley, Oppenheimer, Lowe's, Goldman Sachs downgrades Archer, Daniels, Goldman, Vikram Luthar, William Blair downgrades Vita Coco, William Blair, Wolfe, NiSource, Tesla, Goldman Sachs, Stone, Evercore, Raymond James downgrades, Raymond James Organizations: Bernstein, Pacific, Norfolk, Union Pacific, NSC, UBS, Devices, Northland, AMD, Western, Home Depot, Apple, HSBC downgrades Lululemon, Daniels Midland, ADM, TAM, Airlines, Barclays, Netflix, JPMorgan, Xerox JPMorgan, Raymond James downgrades Comerica, Comerica, CMA Locations: Norfolk Southern, Northland, Brazil
☆ 'It's going to surprise you': An old tech brand is pivoting to AI, and this investor loves the stock
  + stars: | 2023-11-01 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +2 min
Traders should "rethink" one tech stock associated with an old corner of the industry — making printers and scanners, according to one investor. They're expanding in all aspects of net based cloud services for all business enhancements," Blancato said. He added that it's now a tech company trading at valuations "significantly better" than any other tech company. "Rethink the name Xerox, it's going to surprise you what they can do in the next couple of years," he said. In the years before, however, its annual dividend per share was as low as $0.17 in 2012.
Persons: Philip Blancato, CNBC's, Blancato, Steve Bandrowczak, FactSet, Xerox's Organizations: Xerox, Asset Management, Nasdaq
☆ The CEO of Xerox says his company has survived over 100 years of economic ups and downs thanks to 3 strategies
  + stars: | 2023-05-02 | by ( Meira Gebel | ) www.businessinsider.com   time to read: +6 min
Steve Bandrowczak, the CEO of Xerox, leaned on company culture to execute his goals. But as economic forecasts began to sour in early 2023, and experts predict a likely recession this year, Bandrowczak began to count on Xerox's company culture to execute his goals. Build a culture of resilienceHow do you build a company culture of resilience? To prepare teams across your organization effectively for constant evolution through technology, be intentional when introducing new systems and strategies. "The biggest hurdle is the culture, the easiest part is the technology side of it," Bandrowczak said.
☆ Computing networking pioneer Metcalfe wins top industry prize
  + stars: | 2023-03-22 | by ( Stephen Nellis | ) www.reuters.com   time to read: +2 min
March 21 (Reuters) - Computing networking pioneer Bob Metcalfe on Wednesday won the industry's most prestigious prize for the invention of the Ethernet, a technology that half a century after its creation remains the foundation of the internet. The Association for Computing Machinery credited Metcalfe, 76, with the Ethernet's "invention, standardization, and commercialization" in conferring its 2022 Turing Award, known as the Nobel prize of computing. The Ethernet got its start when Metcalfe, who later went on to co-found computing network equipment maker 3Com, was asked to hook up the office printer. Metcalfe said previous generations of AI "died on the vine because of a lack of data." And the brain teaches us that connecting them is where it's at," Metcalfe said.
☆ Google's moonshot factory is coming down to Earth
  + stars: | 2023-01-10 | by ( Hugh Langley | ) www.businessinsider.com   time to read: +12 min
The project, known internally by its codename, "Valkyrie," was the typical science-fiction-sounding idea that Google's self-described "moonshot factory" was designed to dream up. But amid a lack of successful launches and a tech industry facing economic headwinds, insiders say the lab is now hitting the hard-reset button and rethinking its purpose within Alphabet, Google's parent company. X swapped standard corporate titles like "Communications Lead" and "Manager" for grander and more-nebulous names like "Factory Whisperer" and "Firestarter." Its internet-balloon unit, Google Loon, meant to bring people in rural areas online, was shuttered in January 2021. "I think the infusion of VC people is a good thing," one former senior X employee said.
☆ The first Black woman CEO in the Fortune 500 on work-life balance: You don't have 'to go to all your kids' games'
  + stars: | 2022-03-14 | by ( Jade Scipioni | ) www.cnbc.com   time to read: +3 min
But former Xerox CEO Ursula Burns — who became the first Black female CEO of a Fortune 500 company in 2009 — says she never bought into that narrative. "I would not be able to be CEO of the company unless I outsourced the caring for my kids," Burns, 63, tells CNBC Make It. Burns led Xerox from 2009 to 2016, when the company split into two corporate entities: Xerox and Conduent. In 2009, Burns was also appointed by President Barack Obama to help lead the White House National STEM program, which encourages students to pursue STEM-related careers. Don't miss:Why the first Black woman CEO in the Fortune 500 says ‘being the minority’ can be a career advantageFrom the first black cheerleader at Berkeley to making history as Mavericks CEO: How Cynt Marshall did itFirst Black CEO of Big Brothers Big Sisters of America: After landing the job, I thought of Ahmaud Arbery
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