Ceo

Struggling electronics retailer Best Buy has named a new chief executive: Frenchman Hubert Joly will likely take the helm in early September.

For shareholders and corporate boards in various industries, patience with CEOs might be wearing thinner. Data show that the average tenure of a CEO has dropped from 10 years to 8.4 years since 2000.

Volkswagen wants to sell 800,000 cars and trucks a year in the U.S. by 2018. That's an ambitious goal: it's more than twice what German automaker sells here today.

Apple head Tim Cook says he will forgo the $75 million dividend from his company stock. It's a shrewd move at a time when corporate chiefs are under pressure for being over paid.

As general wages stagnate, CEO pay rose 10 percent last year. Shareholders are increasingly challenging the pay packages. Some boards are listening.

CEOs in the U.S. earned nearly $6 million on average, up 15 percent over last year and 28 percent the year before that.

Citigroup stock is down 0.1 percent , that after shareholders in an advisory vote said no dice to a hefty pay package for executives, including a $15 million salary for Citigroup's CEO.

From Lloyd Blankfein's support of gay marriage to Steve Jobs' high school GPA, why do we know more about the lives of CEOs than ever before?