CEOs

IMAX CEO’s Partying Lifestyle Sparks Legal Battle Over Ex-Wife’s Insurance Policy Claim

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Richard Gelfond, the CEO of IMAX and a prominent figure in the film industry, is facing significant challenges related to his personal life, particularly regarding a life insurance policy. Gelfond’s ex-wife, Linda Stein, has claimed that his lifestyle choices, including allegations of drug and alcohol abuse, have led multiple insurance companies to deny her requests for a $4.5 million policy on his life. Stein, aged 70, filed sealed court documents last week in Manhattan, stating that two insurance companies have refused her applications based on Gelfond’s reported use of cocaine and excessive drinking. Gelfond, who … Read more

"Kroger’s Turbulent Transition: Former CEO’s Departure Sparks Legal Battle Tied to Jewel’s Wellness Festival"

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New York — Rodney McMullen’s departure from Kroger as CEO in March has sparked intrigue following a nearly five-decade tenure at the grocery giant. His resignation, which the company attributed to an internal inquiry into his personal conduct, raises questions that are now being pursued in a legal battle involving singer-songwriter Jewel Kilcher. McMullen, who had been with Kroger since 1978, left the position after an investigation but remained tight-lipped about the details surrounding his exit. The lawsuit filed in 2023, which includes claims from a company that co-owns a business with Jewel, may shed … Read more

Tragedy Strikes as CEO’s Wife Allegedly Hits Babysitter in Sardinia; Legal Team Refutes Claims of Fleeing Scene

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Porto Cervo, Italy — A tragic incident involving the wife of Lufthansa’s CEO has led to a criminal investigation following a fatal accident that resulted in the death of a young babysitter. Reports indicate that Vivian Alexandra Spohr, 51, allegedly struck 24-year-old Gaia Costa with her vehicle as Costa attempted to cross a pedestrian crosswalk in the upscale seaside resort of Porto Cervo. Authorities are currently investigating Spohr for negligent homicide. Accusations surfaced that she fled the accident scene; however, her legal representation vehemently denied these claims, stating that Spohr attempted to provide aid to … Read more

Saudi Arabia’s ‘Gigaproject’ Rejects Former CEO’s Settlement in $120 Million Legal Battle

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Riyadh, Saudi Arabia — In a high-stakes legal battle, a former CEO’s attempt to settle a $120 million lawsuit against a major Saudi Arabian ‘gigaproject’ has been dismissed, sources revealed on Thursday. Known as one of the most ambitious development ventures in the kingdom, the project’s rejection of the settlement proposal underscores the complexity of the disputes shadowing its execution. The lawsuit springs from accusations against the ex-chief executive, who claims wrongful termination and financial discrepancies tied to the project’s management. These claims have been firmly denied by the project authorities, who argue that the … Read more