Inside these posts: CEOs

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Groupon CEO apologizes to Japanese customers

Groupon CEO Andrew Mason in a video to Japanaese customers. (YouTube)

The chief executive of Groupon, the rapidly growing online coupon provider, apologized to Japanese customers Monday for a New Year’s deal gone wrong that highlighted the difficulties the company faces in managing its global expansion.

In a subtitled video message uploaded onto YouTube, the company’s founder and CEO Andrew Mason acknowledged that the company had “really messed up” and outlined steps it was taking to rebuild its tarnished image in Japan. Get the full story »

CEO confidence rebounds in fourth quarter

The Conference Board’s measure of CEO confidence bounced back in the final quarter of 2010 with more than half of chief executives anticipating improving economic conditions in the next six months.

The CEO confidence measure jumped to 62 in the fourth quarter, after falling in the third quarter to 50. A reading of more than 50 points reflects more positive responses than negative responses. Get the full story »

PepsiCo chooses new head of Quaker Foods unit

Quaker Foods and Snacks North America, the Chicago-based division of PepsiCo, has tapped Jose Luis Prado as its new president.

Prado replaces Jaya Kumar, who will lead PepsiCo’s Global Nutrition Group, which is based in Chicago. Kumar served as president of Quaker for one year. Before that, he was senior vice president and chief marketing officer of Frito-Lay. Get the full story »

Steve Jobs’ 2010 compensation package still $1

Apple Inc. CEO Steve Jobs’ compensation package remained the usual $1 in fiscal 2010, but the value of the shares he owns has skyrocketed amid the company’s ongoing success with introducing shiny new gadgets many people come to find indispensible.

New convention chief lands bigger pay package

Donald P. Welsh at a press conference in Indianapolis, July 12, 2010. (Matt Detrich/The Star)

The Chicago Convention & Tourism Bureau will pay its new top executive $390,000 a year, with the potential to earn up to $78,000 more if growth objectives are met, the bureau’s chairman said Tuesday morning.

The package, which could total $468,000, will go to Indianapolis tourism executive Donald P. Welsh, whose hiring as the bureau’s new president and CEO was announced Monday evening. Salary information was not available at that time. He will step into the post in early February.

The salary package represents a substantial hike over the compensation paid to the previous top executive, Tim Roby, who resigned last month. In the fiscal year ended June 30, 2010, he received a salary and bonus package of $362,652, of which $260,540 was base salary, bureau officials said. The remainder was incentive bonus and pay for unused vacation time. Get the full story »

Indy tourism exec to lead Chicago convention bureau

The Chicago Convention & Tourism Bureau’s board today hired Indianapolis tourism executive Donald P. Welsh as its new president and chief executive officer.

Welsh was hired away from the Indianapolis Convention & Visitors Assn., where he was chief executive.

His hiring comes shortly after the resignation of Tim Roby, a hospitality industry sales and marketing executive who took the top executive post at the bureau in 2006. Get the full story »

Crocs CFO resigns; shares slip

Shoe maker Crocs said its Chief Financial Officer Russell Hammer resigned to head the financial team at a Chicago-based public company. Get the full story »

JetBlue extends CEO’s job pact by 2 years

Discount carrier JetBlue Airways said Wednesday that it extended the employment agreement of President and Chief Executive Dave Barger by two years to 2015. Get the full story »

GM to seek easing of executive pay restrictions

General Motors CEO Dan Akerson speaks at the Economic Club of Washington, Dec. 10, 2010. (AP Photo/Susan Walsh)

General Motors will seek some relaxation of executive pay restrictions imposed by the U.S. government as a condition of providing $50 billion in bailout and bankruptcy financing.

The automaker’s chief executive, Dan Akerson, told the Washington Economic Club that he would meet with the Obama administration’s acting special paymaster, Pat Geoghegan, later on Friday to discuss the matter.

“We have to be competitive and attract and retain great people. We’ve been able to do that. But we’re starting to lose them,” Akerson said. Get the full story »

Caterpillar CEO had health scare

From the Peoria Journal Star | Caterpillar CEO Doug Oberhelman said Friday that he had a health scare more than two years ago, and is now going public with his health issues to influence others — including within Caterpillar — to manage their health.

Caterpillar names IBM, Abbott execs to board

Heavy machinery company Caterpillar Inc. has named executives from IBM and healthcare company Abbott Laboratories to its board.

Miles White, who will serve on the governance committee, has served as Abbott’s chief executive since 1998, while Jesse Greene serves as IBM’s chief risk officer and has worked at the computer company for 30 years. Greene will serve on Caterpillar’s audit committee. Get the full story »

Equity Intl. CEO: Brazil demand outweighs fears

Brazil might be an exception to the rule of thumb that says avoid the asset everyone’s piling into, according to the chief executive of Equity International, the international arm of real estate mogul Sam Zell. Get the full story »

LKQ Corp. president Holsten to resign in 2011

Recycled auto parts supplier LKQ Corp. announced Tuesday its current CEO Joseph Holsten will resign his position late next year, but will first serve as co-CEO for one year with Robert Wagman, the company’s current vice president of operations, to ease the transition for Wagman. Holsten, who has served as president and CEO since November 1998, will step down December 31, 2011.

After his resignation, Holsten will stay on at the company as vice chairman of the board and as a consultant for operations and corporate strategy.

CBOE’s Brodsky open to making acquisitions

CBOE CEO William J. Brodsky (center), facing camera, kicks off CBOE's first day as a publicly-traded company on the NASDAQ on June 15, 2010. (José M. Osorio/Chicago Tribune)

CBOE Holdings Inc. CEO William Brodsky said he is open to growth by acquisition, but added that the exchange operator’s tendency to build its own systems rather than buy them has saved shareholders money.

Asked at a conference hosted by Goldman Sachs if he would consider making acquisitions, Brodsky said, “We are certainly open to that. We are looking at things strategically in ways we couldn’t have six months ago.” Get the full story »

Citadel’s Griffin contributes to Karl Rove’s PAC

Ken and Anne Griffin. (Andrew Campbell)

From Bloomberg News | Kenneth Griffin, chief executive of Chicago-based hedge fund Citadel Investment Group LLC, and his wife Anne each contributed $250,000 to Karl Rove’s American Crossroads fundraising group, new Federal Election Commission reports show.  Get the full story>>