Jack Ma Officially Retires as Alibaba Chairman

Alibaba Group founder Jack Ma officially retired from his role as chairman Tuesday, marking the end of an era for the world’s largest e-commerce firm. In a move first announced last year, Ma is handing over the reins to current CEO Daniel Zhang, who now faces the difficult task of steering Asia’s most valuable listed […]

Variety

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Fashion Group International Names James D’Adamo Chairman of the Board

GOING UP: Two months after the death of the Fashion Group International’s longtime leader Margaret Hayes, the organization has tapped James D’Adamo as chairman of the board.
D’Adamo, who lives in New York and was raised in Canada, continues to serve as group advertising director at Hearst, a post he has held for 14 years. He is not a newcomer to FGI, having first met the late Hayes at the group’s environment summit in 1990. D’Adamo has served on FGI’s board since 2009 and he has been a member of the organization since 2001. Before her death in late February, Hayes, FGI’s former president and chief executive officer, championed D’Adamo to succeed her as chairman, according to a spokeswoman for FGI.
D’Adamo takes over responsibilities handled by Donald Loftus. FGI’s veteran director, who had a distinguished career in retail and the cosmetics industry and retired from that sector to pursue his first passion as a playwright, librettist and lyricist. He will retain the title of chairman emeritus for FGI.
D’Adamo’s fashion and publishing ties will no doubt work to his advantage with his new gig at FGI. “Margaret took FGI to great heights and gave her heart and soul to the organization. We are

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AEG Chairman Phil Anschutz Donates $1 Million to Elton John AIDS Foundation

Phil Anschutz, chairman of the live music giant Anschutz Entertainment Group (AEG), has taken no small amount of criticism since it was revealed that his private family foundation had donated to organizations with anti-LGBT agendas. But today the Elton John AIDS Foundation announced that Anschutz has donated $ 1 million dollars to support its LGBT Fund. According to […]

Variety

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Kenneth Cole Resigns as amfAR Chairman Amid Controversy Over Harvey Weinstein Deal

Kenneth Cole announced that he has stepped down as board chairman of AIDS research charity amfAR after serving on its board for more than 30 years. The news comes months after reports surfaced that the fashion designer allegedly made a deal to funnel charity proceeds to Harvey Weinstein’s investors. “Today my 14-year term as chairman concludes,” Cole […]

Variety

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FCC Chairman Ajit Pai Says His Family Has Been Harassed Over Pending Net Neutrality Action

WASHINGTON — FCC Chairman Ajit Pai said his family has been harassed at his home following his proposal to repeal many of the agency’s net neutrality rules. “Internet regulation activists have crossed the line by threatening and harassing my family. They should leave my family out of this and focus on debating the merits of the […]

Variety

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Sylvester Stallone ‘Flattered’ But Not Interested In Trump’s Chairman Offer

Sylvester Stallone revealed Sunday that he would turn down a position in Donald Trump’s cabinet. 

The president-elect was reportedly considering the actor for chairman of the National Endowment for the Arts, a federal agency tasked with funding artistic endeavors that was founded by Congress in 1965.

“I am incredibly flattered to have been suggested to be involved with the National Endowment of the Arts,” Stallone said in a statement to People. “However I believe I could be more effective by bringing national attention to returning military personnel in an effort to find gainful employment, suitable housing and financial assistance these heroes respectfully deserve.”

The statement leaves room for the suggestion that Stallone might be willing to work with Trump’s administration if there were a suitable position for the 70-year-old actor. However, in an interview with Variety in January, the actor ― who denied identifying as a Republican ― voiced concerns about Trump’s leadership skills. 

“I love Donald Trump,” the actor said. “He’s a great Dickensian character. You know what I mean? There are certain people like Arnold, Babe Ruth, that are bigger than life. But I don’t know how that translates [laughs] to running the world.”

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