Altria, Philip Morris End Talks, Juul CEO Burns Out

Philip Morris International Inc. (PM) and Altria Group Inc.’s (MO) merger talks went up in smoke on Wednesday, Sept. 25, at the same time as Juul Lab Inc. CEO Kevin Burns stepped down. The talks fizzled because the two parties “could not reach agreement,” Altria CEO Howard Willard said in a statement. However, it’s almost …

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Investment Banks, Business Services Mint Most PE Execs

In this week’s edition of Executive Insider, we’re focusing on the company backgrounds of top private equity executives. Pulling data from BoardEx, we’ve looked at 24,000 executives at the top 1,000 PE firms and the companies they’ve worked for throughout their careers. The results illuminated a few key pieces of information. First, investment banking giants …

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