Executives | featured news

Only days after being unable to work things out with a striking union, and forcing us all to devour faux Twinkies for our creamy, spongy sugar fix, the folks at Hostess Brands Inc. are asking for a bankruptcy court to approve up to $1.8 million in bonus payments to top executives.

Incoming CNN President Jeff Zucker said Thursday that he intends to make the network more "vibrant and exciting" while broadening the programming on television's original but struggling cable news outlet. The former NBC Universal chief's long-rumored selection as CNN president was announced Thursday. He'll start in January and report to Phil Kent, who runs all the Turner networks for parent company Time Warner.

Two more executives have resigned from the Long Island Power Authority, which came under withering criticism from New York's governor for its failure to restore power more quickly to hundreds of thousands of customers after Superstorm Sandy.

Today, Hostess Brands inc. — the company famed for its sickly sweet dessert snacks like Twinkies and Sno Balls — announced they’d be shuttering after more than eighty years of production. But while headlines have been quick to blame unions for the downfall of the company there’s actually more to the story: While the company was filing for bankruptcy, for the second time, earlier this year, it actually tripled its CEO’s pay, and increased other executives’ compensation by as much as 80 percent.

It's been a groundbreaking year for women in business. IBM appointed its first female CEO in Ginni Rometty. Sheryl Sandberg led Facebook through a much-anticipated IPO. Irene Rosenfeld split Kraft into two public companies, and Marissa Mayer jumped from a top Google exec to the CEO seat at Yahoo. See the those named the top businesswomen on the Forbes 2012 list of The World's 100 Most Powerful Women.

Microsoft Corp. said Monday that Steven Sinofsky, the president of its Windows and Windows Live operations, is leaving the company. Sinofsky's departure comes just weeks after the Redmond, Wash., software company launched Windows 8, which represented a major overhaul of its ubiquitous computer operating system.

Ford's leaders have watched Mark Fields, a brash Harvard MBA, turn Ford's North American operations into a profit machine. Now the CEO job is his to lose....

Scott Forstall, who has run software development for Apple's iPad and iPhone products, and John Browett, the head of the company's retail operations, are leaving Apple, in a rare management reshuffling at the company.

Volvo announced Hakan Samuelsson will take over as its new chief executive, replacing Stefan Jacoby.

Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, shocking Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed.