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☆ Outgoing Kohl's CEO Michelle Gass to join Levi Strauss as CEO in waiting
  + stars: | 2022-11-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOutgoing Kohl's CEO Michelle Gass to join Levi Strauss as CEO in waitingCNBC's Jim Cramer and the 'Squawk on the Street' team discuss outgoing Kohl's CEO Michelle Gass' move to become president of Levi Strauss. Gass will eventually succeed the company's CEO Chip Bergh, within the next 18 months.
☆ Kohl's CEO Michelle Gass to step down
  + stars: | 2022-11-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKohl's CEO Michelle Gass to step downKohl's CEO Michelle Gass plans to step down from the company at the beginning of December for another opportunity. CNBC's 'Squawk Box' team reports.
☆ Kohl's outgoing CEO Michelle Gass was 'simply not doing a good job,' says Jim Cramer
  + stars: | 2022-11-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKohl's outgoing CEO Michelle Gass was 'simply not doing a good job,' says Jim Cramer'Mad Money' host Jim Cramer joins 'Squawk Box' ahead of the market open on Tuesday to discuss shares of Kohl's after the company announced CEO Michelle Gass plans to step down.
☆ I'm a little surprised Michelle Gass is stepping into the CEO role at Levi's, says Jan Kniffen
  + stars: | 2022-11-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm a little surprised Michelle Gass is stepping into the CEO role at Levi's, says Jan KniffenJan Kniffen, J. Rogers Kniffen WWE CEO, and Dana Telsey, Telsey Advisory CEO, join 'Squawk on the Street' to discuss the leadership changes at Kohl's and Levi's.
☆ Kohl’s CEO leaves for Levi’s
  + stars: | 2022-11-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
Activist groups have pushed Kohl’s (KSS) to spin-off its online business, sell its real estate or take the company private. Michelle Gass is leaving Kohl's for Levi's. “It is fair to say that Gass has saved Kohl’s from more serious decline.”Meanwhile, Levi (LEVI) has grown since it went public again in 2019. Gass will join the company in January as president and take over as CEO within 18 months, succeeding current CEO Chip Bergh, Levi’s said in statement. Gass leaving Kohl’s for Levi’s is symbolic of a larger shift in retail’s power balance.
☆ Levi Strauss CEO says company's search for new leader got help from unlikely source
  + stars: | 2022-11-08 | by ( Melissa Repko | ) www.cnbc.com   time to read: +1 min
As Levi Strauss & Co. searched for its next leader, it got help from a surprising source. Levi CEO Chip Bergh said pressure from activist investors prompted Kohl's CEO Michelle Gass to consider the job. On Tuesday, Levi announced that Gass will join the company in January as president and become chief executive within 18 months. "She's been through the wars," Bergh told CNBC. Gass has led an embattled Kohl's, which has rebuffed repeated attempts by activist investors to push her out.
☆ Stocks making the biggest moves midday: Lyft, Tripadvisor, Take-Two Interactive and more
  + stars: | 2022-11-08 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +6 min
Lyft – Shares of Lyft plummeted 21% after the company's earnings report showed mixed results in the last quarter. SolarEdge Technologies – Shares of SolarEdge rose 18% after the company reported record revenue in its last quarter that beat analysts' expectations. Revenue fell short of estimates coming in at $967 million instead of $979 million. Perrigo – Shares of pharmaceutical company Perrigo slumped 16% after the company reported earnings and revenue that fell short of analysts' expectations, according to Refinitiv. The company reported $198.3 million in revenue, which beat expectations, according to StreetAccount.
☆ What Cramer is watching Tuesday — possible GOP gains, Nvidia bounces, Kohl's CEO out
  + stars: | 2022-11-08 | by ( Jim Cramer | ) www.cnbc.com   time to read: +5 min
Lyft (LYFT) downgraded to in line from outperform (hold from buy) at Evercore, one of many negative Wall Street notes. Price target cuts: Credit Suisse to $122 per share from $137 and Baird to $120 from $140. Raymond James cuts price target on Palantir (PLTR) to $15 per share from $20 but has strong buy. Meanwhile, multiple price cuts on Celanese. Mizuho cut price target on cloud data provider Snowflake (SNOW) to $185 per share from $225 but keeps buy rating.
☆ Activist investor pushes Kohl's to oust its CEO and chairman
  + stars: | 2022-09-22 | by ( Jack Stebbins | ) www.cnbc.com   time to read: +2 min
Activist investor Ancora Holdings is pushing Kohl's to remove its chief executive and its chairman. Ancora sent a letter to the board Thursday asking for the replacement of CEO Michelle Gass and Chairman Peter Boneparth. The activist investor, along with Macellum Advisors, attempted to seize control of Kohl's board in 2021. In that attempt, Ancora, along with other stakeholders, pushed for new directors with retail experience, inventory reduction and the sale of Kohl's real estate. The real estate investor offered as much as $2 billion for the chain's property, which Kohl's would lease back for its store locations.
☆ This 25-year-old makes $100K a year as a solar roof installer in Linden, New Jersey
  + stars: | 2021-11-30 | by ( Emma Fierberg | ) www.cnbc.com   time to read: +1 min
Ricky Gass, Solar roof installerWhen I was a child, like I always wanted to find myself in a career where I really was actually helping people. I'm a certified solar installer and I'm looking forward to making $100,000 this year. By state, by state law, if it's over one megawatt, it has to be prevailing wage. The amount of panels that we're getting ready to do is over one megawatt, it's automatically prevailing wage. The jobs that we take that's under one megawatt are considered non-rate, which is $22 an hour.
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