Yara CEO Apologizes for Improper Payments

Norwegian fertilizer producer Yara International's chief executive apologized to the company's employees after an investigation uncovered millions of dollars in "unacceptable" payments in India and Switzerland.

RBS Chief: 'I Don't Deserve' Bonus

Stephen Hester, chief executive of Royal Bank of Scotland, said he would waive his bonus this year in the wake of a technical glitch that left thousands of customers unable to access their accounts or move money.

Microsoft Executive to Leave Hardware Post

Steven Guggenheimer will leave his post as the Microsoft executive in charge of managing the software company's relationship with computer makers.

Brazil's Eike Batista Takes a Big Hit

Brazilian tycoon Eike Batista has cultivated an image as a visionary entrepreneur to attract billions of dollars in investment to his business empire. But a selloff among his companies this week has tarnished his luster.

Vivendi CEO Leaves in Rift

Vivendi said that Chief Executive Jean-Bernard Lévy is stepping down, citing a "divergence of views" on strategy. The decision is sparking expectations that the telecom and entertainment giant could be broken up.

• The Source: Vivendi Headed for a Break-up?

Mining-Deal Terms Are Revised

Xstrata and Glencore agreed to revised retention-pay terms in their merger, shifting the focus to whether Glencore is willing to sweeten the price.

• Video | Heard: Qatar's Shock and Awe
• The Source: Problems for Glencore if Deal Fails

T-Mobile USA Chief Resigns

T-Mobile USA's CEO Philipp Humm resigned, with plans to join an unnamed competitor of parent company Deutsche Telekom in Europe.

Best Buy Founder Weighs Buyout

Best Buy founder Richard Schulze, who resigned from the company's board earlier this month, is working with Wall Street bankers to explore taking the electronics retailer private.

• Timeline: Best Buy's History

Firms Cringe at Revealing CEO-Worker Pay Gap

A new rule could force companies to disclose the gap between what they pay their CEO and their median pay for employees.

New Commercial Jet Chief at Boeing

Boeing is changing the chief executive of its commercial unit on the eve of a major air show where the jet maker is expected to announce significant orders for a new version of its 737 Max aircraft.

Lessons From a Retail Veteran

Sir Terry Leahy took Tesco from third largest retailer in the U.K. to third largest in the world. Here he shares what he learned on the way.

• Video: Sir Terry Leahy: Loyalty is Critical

Heinz Names New Head of North American Business

Heinz named Dave Woodward executive vice president in charge of Heinz North America. He succeeds Scott O'Hara, who is leaving.

Sugar-Beet Workers Reject Contract

A majority of union members voted down American Crystal Sugar's contract for a third time.

Index Fund Pioneer Is Bowing Out at Vanguard

George "Gus" Sauter, a pioneer of index investing who is widely credited with building Vanguard's exchange-traded fund operation, will step down as chief investment officer at the end of the year

Chesapeake Overhauls Board

Chesapeake Energy chose former Conoco Chairman Archie Dunham to head its retooled board of directors, as the embattled natural-gas giant made good on a pledge to change its leadership after intense shareholder pressure.

• Timeline: Troubled Times at Chesapeake
• Heard: New Chairman Must Check His Chief

BlackRock Fund Manager to Leave

Daniel J. Rice III, co-manager of $4.4 billion in energy assets at BlackRock Inc., will leave the firm at year end, the world's largest asset-management firm announced Thursday.

• BlackRock Star Steps Down

Capital Question Stalks Bank CEO

Brady Dougan, long lauded for safely steering Credit Suisse Group through the financial crisis, finds himself under mounting pressure over the bank's recent performance.

Music-Merger Bid Plays Out

Universal CEO heads to Capitol Hill, seeking regulatory approval to bulk up with EMI.

Penney to Tweak Message, Not Strategy

J.C. Penney will revamp its marketing to convince customers that they are getting a deal, but its CEO isn't backing off a new lower-prices/fewer discounts strategy that has produced a steep drop in sales this year.

• Timeline: J.C. Penney's New Tack

FedEx CEO Predicts Industry Shift

FedEx's chief predicted fundamental changes in the global freight business, with air carriers facing added competition from ships and more focus going toward customized delivery options.

A Gambling Man Ups the Ante

Japan's Kazuo Okada made waves in the $118 billion global gambling market by selling slot machines. Now he is making his biggest bet yet: trying to transform himself into a casino operator while battling former partner Steve Wynn.

• 'The Steve Jobs of Pachislot,' Tinkering With His Machines

Coke Ready to Share Cash, Not Blame

Americans are curbing their soda intake and New York's mayor recently proposed soda portion limits in the fight against obesity, but Coca-Cola CEO Muhtar Kent remains bubbly about its prospects.

Senior Oracle Executive Quits

Oracle said its fourth-quarter profit increased 7.5%, a surprise announcement three days ahead of schedule that appeared to be triggered by the departure of a top sales executive.

Penney Ousts President

Icahn Ally to Join Chesapeake Board

Carrefour CEO Offers Fixes

Cleaning Up in Bad Times

Brazil's New Retailing King Has Enemies to Prove It

At Best Buy, All Eyes on the Boss

Bolloré Set to Join Vivendi Board

Toyota Defends Domestic Output

Goldman's Management Shuffle

Texas Oil Man Finds a New Groove

Facebook Losing Tech Chief

Sirius Radio's Karmazin Doggedly Resists Liberty

Busy Bosses: Learn to Say 'No'

Germany's New Export: Jobs Training

Dimon on Hill: Cool and Contrite

Barnes Chairman Settles Suit

In Gupta Trial, Prosecution and Defense Trade Parting Shots

Health-Care Law or Not, Insurance Is Set to Change

LSE Hires Ex-Nasdaq CFO

Akerson Fights the Ghosts of Old GM

Goldman Rehires Schwartz as Asia-Pacific Chairman

Icahn Ups Navistar Stake to 12%

For French CEOs, Politics Means Pay Cuts

Employee Messes Up. Time to Unleash Claw?

Tesco CEO Turns Down Bonus

Simon Property CEO Pay Rejected

Dexia Shakes Up Board

Perks Remain for CEOs

CEO Pay Moves With Corporate Results

The Five Highest-Paid CEOs

How the Survey Was Completed

Codelco's Chief Resigns Amid Copper Battle

Sequoia Head Reduces Role Over Health

For Gupta Trial, Tension and Tips

Chesapeake Cuts Pay, Travel for Board