CEOs

The Three Most Powerful Men In American Business Can’t Figure Out Why No One Wants This Terrible Job They Created

Question: Who wants to run a brand-new healthcare company in modern America while working for Jeff Bezos, Warren Buffett and Jamie Dimon simultaneously? Did you answer “Nobody smart”? Because you’d be right! Take it away, CNBC: Almost four months ago, Amazon, Berkshire Hathaway and J.P. Morgan Chase announced a bold new partnership aimed at bringing down the costs of health care.But ABC, as the group is known, has encountered a surprising challenge filling the CEO spot. “Wow,” the most potentially awful job in the world of business remains empty, and the men who created it are flummoxed as to why. Berkshire CEO Warren Buffett said at the company’s investor meeting earlier this month that the consortium hoped to have a CEO “within a couple of months.” We get that Buffett and his new partner...

Deutsche Bank’s Mercy Killing Of John Cryan Is Predictably Free Of Mercy

And just like that, the most tortuous tenure in high finance is over… Deutsche Bank AG replaced its British chief executive, John Cryan, with the senior German head of its retail bank, a switch that signals a less ambitious future after years of grim financial results and sputtering attempts to regain a spot among global investment-banking powerhouses.Germany’s biggest bank, struggling after a string of money-losing years, named as Mr. Cryan’s replacement an executive steeped in auditing, risk control and retail banking. Mr. Cryan will leave at the end of this month, Deutsche Bank said. On the bright side, the Job of global banking will no longer be subjected to the daily torment that is running Deutsche Bank. On the dark side, literally everything else. Cryan was handed a flaming bag of c...