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Amanda Gerut

Amanda Gerut

Fortune

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NYC comptroller lets rip on Elon Musk’s $47 billion pay plan: ‘There’s rarely been as egregious a flaunting of independent shareholder governance as this’

The overseer of $242 billion in NYC pension funds says Elon Musk is treating Tesla like a family-owned business instead of the publicly traded company...

25.05.2024 20

Fortune

Amanda Gerut

CEO at $14 billion electronics firm can’t talk about his resignation following an internal investigation

The former exec can only say “no comment” in response to queries, according to restrictive covenants with an unusual provision.

25.05.2024 30

Fortune

Amanda Gerut

Investors clash over Elon Musk’s $46 billion pay package: 'The board has yet to ensure that Tesla has a full-time CEO'

Investors say Musk is spread too thin among his other companies to justify such high pay.

22.05.2024 80

Fortune

Amanda Gerut

Scarlett Johansson said she was forced to hire legal counsel to deal with Sam Altman and OpenAI

The actress says she rebuffed Sam Altman’s offer to voice ChatGPT 4.0 and that she was left “shocked, angered and in disbelief” that the company...

21.05.2024 10

Fortune

Amanda Gerut

Prominent leader of financial services watchdog resigns after report found it was riddled with a 'misogynistic’ and ‘good ole boys club’ culture

New leadership is needed to fix the “toxic culture” at the FDIC, said Sen. Sherrod Brown on Monday.

21.05.2024 20

Fortune

Amanda Gerut

Top-ranked analyst declares JPMorgan 'the Nvidia of banking' after it spends $17 billion on tech in a single year

CEO Jamie Dimon hasn’t yet “internalized” that he is becoming the leader of a digital company, said analyst Mike Mayo.

21.05.2024 40

Fortune

Amanda Gerut

‘Weekend at Bernie’s’ or ‘One Flew Over the Cuckoo’s Nest’——Anthony Scaramucci breaks down Trump vs. Biden in 2024

A second Trump presidency would mean “an orange wrecking ball for this society,” said the man who lasted 11 days in the White House on Thursday.

17.05.2024 40

Fortune

Amanda Gerut

An ultra-popular home loan right now allows a 3.5% down payment

The only type of mortgage loan that has increased in the past two years are those insured by the FHA.

16.05.2024 30

Fortune

Amanda Gerut

Amid Tesla’s bloodletting, top exec sends Musk a message: The company has 'taken its pound of flesh'

Lead exec in charge of product launches resigned suddenly after seven years.

10.05.2024 60

Fortune

Amanda Gerut

The accounting firm that Trump hired for his media firm’s IPO was caught copy-and-pasting previous audits and is now banned forever

The firm and its founder have agreed to pay a combined $12 million in penalties and to a permanent suspension.

07.05.2024 60

Fortune

Amanda Gerut

Millennial’s love affair with pet chickens is big business for a $30 billion retail chain—‘In America, the new companion animal is the chicken’

Tractor Supply is hoping to capitalize on how much people have come to treasure their chickens.

04.05.2024 70

Fortune

Amanda Gerut

New Florida resident Jeff Bezos pumped $60 million into making lab-grown meat taste better. Ron DeSantis just banned it from the state

An announcement about the legislation went viral for reasons completely unrelated to meat of any kind—"It’s the worst picture of me,” reality...

04.05.2024 100

Fortune

Amanda Gerut

Elon Musk publicly dumped California for Texas—now Golden State customers are getting revenge, dumping Tesla in droves

The Tesla Model 3 dropped from first place to third, behind the Toyota Camry and the Honda Civic, among all passenger cars sold.

30.04.2024 70

Fortune

Amanda Gerut

Exxon's profits are falling, but CEO Darren Woods' compensation rose last year—here's how the oil giant rewards its top exec

Exxon’s so-so first quarter came on the heels of record profits in 2022.

26.04.2024 20

Fortune

Amanda Gerut

Three top executives at Tesla have resigned in two weeks, with the latest departure at the end of its earnings call

Tesla’s vice president of investor relations announced he would leave after seven years.

24.04.2024 30

Fortune

Amanda Gerut

Apple supplier Jabil benches its CEO as it investigates his conduct—but he’ll still collect his full $1 million salary

Kenneth “Kenny” Wilson, will serve a paid leave while the investigation continues.

23.04.2024 20

Fortune

Amanda Gerut

At least 5 companies under Elon Musk’s control billed each other around $9 million in expenses

For a company of Tesla’s size, the number of transactions involving companies associated with CEO Elon Musk is unusual.

20.04.2024 40

Fortune

Amanda Gerut

Tesla’s Q&A with investors rips open Musk anguish: 'Will you please at least appear to make Tesla your top priority?’

Among the top-voted questions: “Is there any discussion about oversight of Elon’s erratic behavior on X that is damaging the Tesla brand?”

19.04.2024 50

Fortune

Amanda Gerut

United took a $200 million hit from Boeing 737 MAX 9 grounding, driving it to a quarterly loss

The airline is evolving its fleet strategy due to shifting delivery timelines from Boeing.

17.04.2024 10

Fortune

Amanda Gerut

Jamie Dimon cashes out more JPMorgan stock, bringing his total share sales this year to $183 million

Monday’s sale was the bank CEO’s second time selling stock in 19 years.

16.04.2024 20

Fortune

Amanda Gerut

The financial head of Donald Trump’s media company earned 4 times more than CEO Devin Nunes, new documents show

CFO Phillip Juhan was issued $4.9 million in promissory notes from Trump Media & Technology Group, to Nunes’ $1.2 million.

16.04.2024 50

Fortune

Amanda Gerut

Biotech CEO who relied on multiple aliases sentenced to 7 years in prison for Theranos-like $28 million fraud involving a fake finger-prick Covid test

Berman pleaded guilty in December to securities fraud, wire fraud, and obstruction of an official proceeding.

13.04.2024 6

Fortune

Amanda Gerut

All aboard the Nvidia ‘rocket ship’: Executives are raking in company stock awards despite missing out on their bonuses for 2023

C-suite execs didn’t get their bonuses because revenue only hit $27 billion, while Jensen Huang only makes a $2 million base salary. But there are...

10.04.2024 10

Fortune

Amanda Gerut

Departing Boeing CEO Dave Calhoun cut his bonus in 2024 after the door plug flew off an Alaska Airlines flight

New Boeing chairman promises to ‘leave no stone unturned’ in reviving the company.

06.04.2024 9

Fortune

Amanda Gerut

New York state is throwing its $260 billion retirement fund at ‘long-standing failures of oversight’ at Tesla, Wells Fargo, and Chipotle

“We have not had constructive engagement with the companies,” New York’s press secretary told Fortune.

05.04.2024 50

Fortune

Amanda Gerut

New York state wants companies to protect their LGBTQ+ Gen Z and millennial workers—and it’s throwing a $260 billion retirement fund at the issue

Two companies received a bold new proposal about DEI disclosures. They both want shareholders to vote them down.

04.04.2024 10

Fortune

Amanda Gerut

Judge calls out banking industry for choosing Texas court to challenge credit card fee caps—'Venue is not a continental breakfast'

Judge Mark Pittman ruled that the lawsuit should be transferred to Washington, a win for banking regulators.

29.03.2024 40

Fortune

Amanda Gerut

How 3 minor league baseball players made $200,000 on Del Taco insider trading, complaint says: a night out drinking with a Jack in the Box analyst 

“Might try to gamble on some options or something, I love to eat at del taco,” a player texted a teammate.

28.03.2024 10

Fortune

Amanda Gerut

Free taxis, education subsidies and gratis egg freezing—how Chinese companies are crafting next-gen benefits for mothers amid the country's baby bust

Trip.com CEO Jane Sun and Yum China CEO Joey Wat shared how their companies are trying to support new parents.

27.03.2024 10

Fortune

Amanda Gerut

Billionaire tech founder ‘abused the trust’ of a colleague with an insider trading deal that made him $415K in profit, SEC alleges

The founder and former chairman of tech company Arista Networks will pay nearly $1 million in penalties.

27.03.2024 40

Fortune

Amanda Gerut

Boeing just picked the least-expensive option at the top, 5 years and 2 CEOs after its planes started falling out of the sky

It "makes sense to have an internal person, but it’s not a slam dunk,” said CEO succession expert Jason Schloetzer.

26.03.2024 10

Fortune

Amanda Gerut

Dave Calhoun needs the next Boeing CEO to be a success and he has more than $45 million riding on it

Calhoun holds thousands of options that are underwater, meaning he can only collect if Stephanie Pope can deliver.

25.03.2024 10

Fortune

Amanda Gerut

Elizabeth Warren unloads on Elon Musk, urging SEC chief Gary Gensler to probe pathway for ‘Tesla to channel money to X’

New evidence has emerged that shows Musk uses his control over the Tesla board for his own ends, says the fire-breathing Massachusetts senator.

22.03.2024 30

Fortune

Amanda Gerut

Warren Buffett’s security cost $313k last year — roughly $13 million cheaper than Mark Zuckerberg’s detail

The price of personal security for top executives is rising on average, but the value investor’s perks have declined.

21.03.2024 20

Fortune

Amanda Gerut

The hidden, anti-LGBTQ+ reason that could punch a hole in the $120 billion chocolate industry

Chocolate sellers have not spoken out publicly against a discriminatory bill in Ghana.

20.03.2024 8

Fortune

Amanda Gerut

Jamie Dimon and George Lucas have a common thread that could explain their support for Bob Iger and Disney

Mellody Hobson, Lucas’ wife and one of Fortune’s Most Powerful Women, serves on the JPMorgan board.

20.03.2024 40

Fortune

Amanda Gerut

CEO steps down after being hit with expensive EV repairs and low resale prices following purchase of 100,000 Teslas

Stephen Scherr ran Hertz for just over two years before stepping down on Friday.

16.03.2024 100

Fortune

Amanda Gerut

WeightWatchers, reeling from collapsing stock and Oprah’s departure in the age of Ozempic, vows to ‘prove the naysayers wrong’ and turn its fortunes around

“We have strong liquidity and are not in a cash crunch,” CEO Sima Sistani wrote in a memo to employees today.

15.03.2024 20

Fortune

Amanda Gerut

How one exec's decision to show off her tattoos brought her closer to her billionaire founder—and made her stronger than ever at work 

KimArie Yowell, an executive at the $25 billion fintech Rocket Companies, didn’t know how finally revealing her tattoos would change her work life....

09.03.2024 20

Fortune

Amanda Gerut

Sam Altman confirms return to OpenAI board as law firm’s review rips ‘loss of trust’ that led to his sudden ouster

Somehow, the OpenAI board didn’t anticipate that firing the CEO would lead to tumult, a law firm review revealed.

09.03.2024 10

Fortune

Amanda Gerut

Nvidia board members cash in stock in the $2 trillion AI company following blockbuster 27% run up in price

Board members with decades of tenure at Nvidia offloaded shares in the past four weeks.

07.03.2024 40

Fortune

Amanda Gerut

SEC chair drags climate rule across the finish line despite objections from commissioners, one who says it will ‘spam investors with the commission’s pet topic of the day’

The climate-disclosure rule the commission adopted is a slimmed-down version of the original rule the agency floated two years ago.

06.03.2024 5

Fortune

Amanda Gerut

Harvard professor on crucial SEC climate rule: ‘A lawsuit is, sadly, almost guaranteed’ 

The final rules, slated for a vote on Wednesday, come after large asset managers including JPMorgan Asset Management and State Street have exited...

06.03.2024 5

Fortune

Amanda Gerut

Jamie Dimon’s firm seals deal with investors to reveal key clean energy metric—the first of the big banks to do so

JPMorgan Chase agreed with three New York City pension funds holding $478 million to disclose its ratio of clean energy to fossil fuel financing.

05.03.2024 20

Fortune

Amanda Gerut

Oprah will leave the Weight Watchers board and donate the proceeds from her stake in the company ‘to eliminate any perceived conflict of interest around her taking weight loss medications’

Winfrey will donate the proceeds from her stake in Weight Watchers to the National Museum of African American History and Culture.

29.02.2024 10

Fortune

Amanda Gerut

Jeff Bezos, Leon Black, Jamie Dimon, and the Walton family have now sold a combined $11 billion in company stock this month— some for the first time ever

Do they know something we don’t?

28.02.2024 200

Fortune

Amanda Gerut

Jamie Dimon and his inner circle at JPMorgan offloaded nearly $170 million in stock as the bank’s share price hit a new high

The sales were made via trading plans set up in advance by executives to trigger sales at certain times.

24.02.2024 20

Fortune

Amanda Gerut

Black, Hispanic homebuyers pay higher interest rates on average, even as ownership levels hit new peaks

For loans originated in 2022, a fifth of Black and Hispanic buyers paid interest rates of 6% or more, higher than that of Asian and White borrowers.

21.02.2024 10

Fortune

Amanda Gerut

Banner week for billionaire investor Carl Icahn – a total of four board seats at JetBlue and American Electric Power will go to deputies as Icahn celebrates his 88th birthday

The activist investor scored a quick settlement with JetBlue after disclosing a 10% stake this week.

17.02.2024 20

Fortune

Amanda Gerut

After Larry Fink and Jamie Dimon’s firms bail on climate group, NYC Comptroller lets rip: ‘they are caving to climate deniers’

J.P. Morgan Asset Management and State Street Global Advisors pulled out of the Climate Action 100 , while BlackRock shifted its participation to...

16.02.2024 10

Fortune

Amanda Gerut

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