Executive News
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The Silk Road website, before being shut this week by the U.S., was a cyber-bazaar of the criminal underworld that connected buyers and sellers of heroin, cocaine and hacking services. It combined EBay-style customer reviews and shipping tips with an open disregard for the law.
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Vodafone Group Plc’s Chief Financial Officer Andy Halford will step down in March following the completion of the company’s $130 billion sale of its stake in Verizon Wireless.
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Billionaire hedge-fund manager Bill Ackman has reduced his equity short stake in Herbalife Ltd., taking a loss even as he reiterated his allegation that the company is an illegal pyramid scheme.
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Marc Jacobs’s departure from Louis Vuitton to focus on an initial public offering of his own brand is set to provide a double boost for LVMH Moet Hennessy Louis Vuitton SA, the owner of both luxury fashion labels.
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