Stepping Down | featured news

News Corp. said Thursday that chief digital officer Jonathan Miller would leave his job in September. Miller will stay on as an outside advisor through fall 2013. He took the role in 2009, focusing on both distribution and international investments, while also serving as the News Corp. representative on the board of Hulu.

That sound you heard from Detroit this morning was the other shoe dropping, loudly, at Opel. General Motors announced that Karl-Friedrich Stracke stepped down from his positions as GM Europe president Opel/Vauxhall CEO.

Yahoo’s chief executive Scott Thompson apologized to the company’s employees Monday, but did not say he has plans to step down. Thompson has been under fire since an investor vying for control of the company, Daniel Loeb, sent a letter Thursday to Yahoo’s board about the executive’s academic record. Yahoo later confirmed that while Thompson had listed a degree in computer science in his biography, he had never been awarded that degree.

Warren Buffett assured shareholders of Berkshire Hathaway Inc that the company will be in good hands after he steps down, trying to allay fears about Berkshire's succession plan after revealing he had prostate cancer.

James Murdoch, son of media magnate Rupert Murdoch, is expected to step down as chairman of BSkyB, a longtime investor in the broadcaster told CNN today.

Under pressure to resign over the investigation into the fatal shooting of 17-year-old Trayvon Martin, Chief Bill Lee Jr. of the Sanford Police Department announces that he will temporarily step aside.

Avon Products Inc's next chief executive officer will face a litany of challenges. One of the biggest will be to re-energize the iconic "Avon Ladies," the company's diminished and often demoralized army of U.S. sales representatives.

Miramax CEO Mike Lang is stepping down, signaling that the award-winning studio founded by Bob and Harvey Weinstein is heading in a new, uncharted direction.

An executive resigning from the investment bank Goldman Sachs says other executives there referred to clients as "muppets." Greg Smith wrote a blistering essay about the company that was published Wednesday in The New York Times.

Richard Parsons is stepping down as chairman of Citigroup Inc and is expected to be replaced by Michael O'Neill, the former chief executive of Bank of Hawaii Corp, the Wall Street Journal reported on its website on Friday.