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Two of Bank of America’s Post-Crisis Leaders Will Retire

Two towering figures who helped steer Bank of America out of the financial crisis a decade ago will retire at the end of the year, the bank said Thursday.The departures of Anne Finucane, the bank’s vice chair and one of Wall Street’s most powerful women, and Thomas K. Montag, the bank’s hard-charging chief operating officer, open the door for new leadership atop the nation’s second-biggest bank.Both played crucial roles in restoring profits and rebuilding the company’s image after the bank took a major reputation and financial hit from the collapse of the housing …

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Janet Yellen Gets a Chance to Shape the Fed, This Time From Outside

Janet L. Yellen has dedicated most of her professional life to the Federal Reserve. She served in its highest-ranking roles, including as president of the Federal Reserve Bank of San Francisco, on its Washington-based board and as the central bank’s first female chair. When President Donald J. Trump decided to replace her in that role in 2017, she was sorely disappointed.Now, as Treasury secretary, Ms. Yellen is getting another chance to shape the future of the institution. She will be a critical voice in deciding who ought to lead the central bank in what some see as a once-in-a-generation …

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After Trumka’s Death, A.F.L.-C.I.O. Faces a Crossroads

Richard Trumka’s 12 years as A.F.L.-C.I.O. president coincided with the continued decline of organized labor but also moments of opportunity, like the election of a devoutly pro-labor U.S. president. With Mr. Trumka’s death last week, the federation faces a fundamental question: What is the A.F.L.-C.I.O.’s purpose?For years, top union officials and senior staff members have split into two broad camps on this question. On one side are those who argue that the A.F.L.-C.I.O., which has about 12 million members, should play a …

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New Candidate for Top Bank Regulator Sees Risks in Crypto and Fintechs

After Mr. Otting’s departure in May 2020, Brian P. Brooks served as acting comptroller. Twice, Mr. Trump submitted his nomination for a full term, but the Senate never moved to confirm him. Mr. Brooks signed off on a new regulatory structure for fintech companies that gave them more power to make loans without having to adhere to state limits on the amount of interest they can charge borrowers they deem risky.Mr. Brooks was a former chief legal officer of Coinbase, a cryptocurrency exchange. After his O.C.C. stint, he became chief executive of another cryptocurrency exchange, Binance.US. …

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Blizzard President J. Allen Brack Steps Down After Workplace Protests

Activision Blizzard, the video game maker, said on Tuesday that the president of its Blizzard Entertainment studio was stepping down, a week after workers staged a walkout over allegations of harassment and discrimination.Activision, known for Call of Duty and other popular gaming franchises, has been under intense pressure over the last couple of weeks following a lawsuit filed on July 20 in which California accused the company of fostering a “frat boy workplace culture” in which men joked about rape and women were routinely harassed and paid less than their male colleagues.The departing executive, J. Allen Brack, will be …

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Nikola Chairman Trevor Milton Resigns Amid Fraud Claims

The new chairman, Mr. Girsky, has played a critical role in Nikola’s rise to prominence. After leaving the G.M. board in 2016, he started an investment company, VectoIQ, to provide strategic and financial help to automotive technology start-ups. He also created a special purpose acquisition company, or SPAC, that owned nothing but cash and a stock listing. When VectoIQ’s SPAC merged with Nikola in June, Nikola became a publicly traded company and Mr. Girsky joined its board.Mr. Girsky was also a catalyst for G.M.’s partnership with Nikola. In the past he has said he called …

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Rolling Stone Hires Daily Beast Editor as Its Top Editor

Rolling Stone has chosen Noah Shachtman, the top editor of the news site The Daily Beast, as its next editor in chief, the magazine announced on Thursday, calling on him to continue the transformation of the 54-year-old pop music bible into a digital-first publication.Mr. Shachtman, 50, said in an interview that he plans to bring along The Daily Beast’s newsy approach and web metabolism when he starts his new job in September.“It’s got to be faster, louder, harder,” he said. “We’ve got to be out getting scoops, taking people backstage, showing them parts of the world …

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Lordstown Motors’ Top Executives Resign After Board Investigation

Lordstown Motors, the electric vehicle start-up fighting for survival, announced on Monday the resignation of its chief executive, Steve Burns, and chief financial officer, Julio Rodriguez, after the results of a board investigation into an investor’s report questioning the company’s viability and statements about customer interest in its electric trucks.The resignations are effective immediately, and Lordstown has hired an executive search firm to find their replacements.The company released the results of an investigation by a committee of its board into a March report by Hindenburg Research, a bearish investor, which took aim at Lordstown shortly after …

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A Top Editor Becomes Her ‘True Self’

At a time when transgender issues are regularly in the news, with a recent flood of bills being introduced in mostly Republican-led states that aim to restrict transgender rights, Ms. Chua said her own experience had led her to think more deeply about how the media covers stories like hers.“You have to be careful who your sources are,” Ms. Chua said. “There are organizations who purport to speak for one side or the other and they are not the right ones, even if they are the loudest ones.”While there are no statistics on how many American journalists identify …

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The Small Business Administration’s Gaffes Are Now Her Job to Fix

Isabella Casillas Guzman, President Biden’s choice to run the Small Business Administration, inherited a portfolio of nearly $1 trillion in emergency aid and an agency plagued by controversy when she took over in March. She has been sprinting from crisis to crisis ever since.Some new programs have been mired in delays and glitches, while the S.B.A.’s best-known pandemic relief effort, the Paycheck Protection Program, nearly ran out of money for its loans this month, confusing lenders and stranding millions of borrowers. Angry business owners have deluged the agency with criticism and complaints.Now, it’s Ms. …

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