• Photo by Stephen Lam/Getty Images(NEW YORK) --  A number of tech company leaders made Glassdoor's list of the 100 highest-rated CEOs for 2017, but one in particular saw his stock fall.The list, released on Wednesday, uses ratings from anonymous employees to review those in charge of their own companies. The ratings are then combined with an algorithm to rank the best executives.Clorox CEO Benno Dorer came out on top this year, receiving a rating of 99 percent. That figure was equaled by World Wide Technology's Jim Kavanagh, Boston Scientific's Michael Mahoney, Memorial Sloan Kettering's Craig B. Thompson, Fast Enterprises' Martin Rankin, and NVIDIA's Jen-Hsun Huang.Last year's top executive, Bain & Company's Bob Bechek, slipped to number seven this year, with a rating of 98%.The biggest names on the list included SpaceX's Elon Musk (8th) and Facebook's Mark Zuckerberg (10th), each with a 98% approval rating.Apple's Tim Cook, who placed in the top 20 each of the last four years, saw his approval rating come in at 93 percent -- only good enough for 53rd on Glassdoor's list.By comparison, Microsoft CEO Satya Nadella made his first appearance on the list, at number 29.Still, the drop from number one to Cook's 53rd place finish only includes a six percent decrease in approval rating. A spokeswoman for Glassdoor told CNET that the average rating for a CEO is 67 percent, making Cook's grade more than satisfactory.Copyright © 2017, ABC Radio. All rights reserved.
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  • Uber(NEW YORK) -- Travis Kalanick, the embattled CEO of the ride-hailing company Uber, resigned on Tuesday, a company spokesperson told ABC News.The resignation comes amid a decision by company shareholders who pushed for his exit."I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight," Mr. Kalanick said in a statement.Already before his resignation, Kalanick last week announced that he would be taking an indefinite leave of absence that he said would give him time to work on becoming a better leader. He also said that he needed the time away to grieve the loss of his mother, who died in a boating accident less than a month ago.While Kalanick launched Uber into one of the world's most ubiquitous companies, his tenure has been marked by a number of controversies.His leave of absence came shortly after former U.S. Attorney General Eric Holder released a 13-page list of recommendations on how the company could improve its business culture.Holder, now a partner at the law firm Covington & Burling, was tapped by the company to conduct a review of the company's workplace environment after a former employee alleged that she had been sexually harassed and discriminated against while working there.About 20 employees were fired as a result of that investigation, according to the company.Separately, Uber board member David Bonderman, one of the first to invest in the company, stepped down last week after he was accused of making sexist remarks toward fellow board member Arianna Huffington. Copyright © 2017, ABC Radio. All rights reserved.
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  • Christie's Images LTD. 2017(NEW YORK) -- The watch once owned by former first lady Jacqueline Kennedy -- and worn by the fashion icon in many prominent photos -- is being auctioned in New York Wednesday.The Cartier Tank watch was originally given to Kennedy by her brother-in-law Prince Stanislaw "Stas" Radziwill, and is engraved with "Stas to Jackie 23 Feb. 63 2:05 am to 9:35 pm."The time in the engraving marked the start and stop times for the 1963 50 Mile Hike in Palm Beach, Florida, that Radziwell completed, according to Christie's, the auction house overseeing the sale. The 50 Mile Hike was a challenge that President John F. Kennedy briefly promoted to encourage building the mental and physical toughness needed to walk 50 consecutive miles.A painting that Jacqueline Kennedy made in 1963 will be accompanying the sale of her watch, according to Christie's. At the bottom of the painting, the former first lady wrote, "February 23, 1963 2:05 am to 9:35 pm Jackie to Stas with love and admiration.""The Jacqueline Kennedy Onassis Cartier Tank is a watch full of emotion, love and history," John Reardon, international head of Christie's Watches, said in a statement. "Together with Jackie's painting, these two objects capture the spirit of another era, a time where friendship and the 'can-do' optimism of the generation seemed to make anything possible."Reardon added that the consignor of the watch has "offered to donate a portion of the proceeds to the National Endowment for the Arts."Christie's estimates that the watch and painting will bring in between $60,000 and $120,000 at auction.
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  • ABC News(NEW YORK) -- Elementary school student Alex Múnoz has quite a story to share with his Boston-area classmates.The 9-year-old spent June 19 in New York City, hanging out with the founder and chief executive of Kind Snacks.Alex said he and his family buy the company's fruit and nut bars (his favorite is peanut butter dark chocolate) and wanted to one day invest money in the company.But once he realized Kind Snacks was not publicly traded, his mother, Dara Múnoz, encouraged him to write a letter to Daniel Lubetzky, Kind's founder and CEO."I reached Daniel's assistant and I told her I had a funny letter and I thought that it would make her laugh. I didn't think any of this would happen," Múnoz told ABC News.In the letter, Alex asks if the company has plans to go public."Do you know when you will go public? I think you would do well," he wrote.To Alex's surprise, Lubetzky was so impressed by the letter that he invited the budding investor to spend a day at Kind's Times Square headquarters. The company paid for Alex and his mother to travel to the city to meet with Kind executives.Alex, who was dressed in a suit, was named “honorary chief financial officer for the day” and given 10 shares in the company."We’re pleased to gift Alex 10 shares, making him our youngest owner to date. If KIND were ever to go public, Alex would reap the benefits just as our team would. I’m personally energized by young entrepreneurs who think business can make this a better world,” said Lubetzky.Alex also met one-on-one with the current chief financial officer, Zahir Ibrahim, who gave Alex advice on what it takes to be a great CFO. But Alex, showing his age, yawned during the conversation, eliciting laughter from everyone in the room.Earlier in the day, Alex sampled different Kind snack bars and rated them on a scale of 1 through 10. He also received official business cards with his honorary title.When asked what was the biggest lesson he learned from the day, Alex replied, “Be kind.”
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  • iStock/Thinkstock(NEW YORK) -- A drop in oil prices pulled U.S. stocks lower on Tuesday.The Dow Jones Industrial Average fell 61.85 (-0.29 percent) to finish at 21,467.14.The Nasdaq slid 50.98 (-0.82 percent) to close at 6,188.03, while the S&P 500 finished at 2,437.03, down 16.43 (-0.67 percent) from its open.Crude oil was more than 2 percent lower with prices at $43 per barrel.Winners and Losers:  Shares of Sprint climbed 3 percent amid a report that T-Mobile's parent company Deutsche Telekom is in favor of a merger.According to a filing with the Securities and Exchange Commission, Chipotle Mexican Grill plans to raise its second-quarter marketing and promotion costs as the fast food chain continues to try to recover from food safety issues in 2015. Chipotle's stock tumbled more than 7 percent.
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  • iStock/Thinkstock(PHOENIX) -- With sweltering temperatures in Phoenix, American Airlines has canceled some 43 flights at Phoenix's Sky Harbor International -- just as broiling residents are likely wanting to get the heck out of dodge.That's because American's regional aircraft, the Bombardier CRJ, has a maximum operating temperature of 118 degrees at Phoenix's elevation level.Experts say hot air affects engine output and increases the length of runway needed for takeoff -- and since the CRJ, a Canadian plane, has not been tested under those conditions, it hasn't been verified as safe.American's bigger jets, like Airbus and Boeing planes, have higher maximum temperatures (127 and 126 degrees, respectively) and aren't affected by Phoenix's weather forecast.Delta was also forced to cancel three flights due to weather conditions at Sky Harbor -- two involving Bombardier CRJs and one involving another regional jet, the Embraer 175. In addition, United had to delay one of its flights, an Embraer 175.Temperatures in Phoenix are expected to hit a high of 120 degrees on Tuesday, according to the National Weather Service.
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