SaveSave story

U.S. Olympic Committee chief steps down

Scott Blackmun
Photo by Joe Scarnici/Getty Images

The U.S. Olympic Committee (USOC) announced Wednesday that Scott Blackmun, CEO since 2010, will step down for health reasons, reports the Washington Post.

Why it matters: Blackmun and the USOC as a whole have received significant criticism for their handling of the Larry Nassar sexual abuse scandal. Last month, all 21 members of the USA Gymnastics board were forced to resign as a result of pressure from the USOC, but many of Nassar's victims have called the committee an equally culpable institution for having looked the other way for so long. Board member Susanne Lyons will take over as interim CEO.

Haley Britzky 2 hours ago
SaveSave story

Zuckerberg happy to testify if it is "the right thing to do”

A portrait of Facebook founder Mark Zuckerberg
A portrait of Facebook founder Mark Zuckerberg. Photo: Jaap Arriens / NurPhoto via Getty Images

Facebook CEO Mark Zuckerberg said he would be "happy" to testify before Congress if it was "the right thing to do," in an interview with CNN's Laurie Segall.

Why it matters: Facebook has been under the microscope lately for what Zuckerberg called earlier today the "Cambridge Analytica situation." Zuckerberg said if he as the "person...who will have the most knowledge," than he'd be the one to testify in the face of Facebook's data-collection situation.

Bob Herman 1 hour ago
SaveSave story

Jamie Dimon's $141 million payday

JPMorgan Chase CEO Jamie Dimon speaks at an event.
JPMorgan Chase CEO Jamie Dimon speaks at an event in 2016. Photo: Win McNamee / Getty Images

JPMorgan Chase CEO Jamie Dimon took home more than $141 million in 2017 after calculating the actual realized value of his stock, according to a preliminary draft of the banking giant's annual proxy document. Dimon's compensation is calculated as $28.3 million when using the estimated fair value of his stock. But that compensation figure doesn't matter as much because it doesn't reflect what executives report in their personal income tax filings.

Why it matters: It's the highest pay package of any active corporate CEO from 2017, based on Securities and Exchange Commission documents that have been filed thus far. Dimon's compensation is also 1,818 times higher than what the average JPMorgan employee makes.