Craig Arnold, one of America’s top Black CEOs, faces $10.2-million loss
Black CEO Craig Arnold's net worth drops as his stake in the power management company falls below $150 million.
Black executive
Eaton, led by Black executive Craig Arnold advances regional presence with new office in Egypt
Eaton expands its footprint to the MENA region to address unique needs of the Egyptian market
Eaton under Black executive Craig Arnold deepens AI partnership with Palantir for enhanced efficiency
Eaton’s deepened partnership with Palantir under Craig Arnold is a step forward in the adoption of AI within industrial operations.
Top Black executive Marvin Ellison loses $3.8 million from Lowe’s shares
Despite the decrease, Ellison remains one of the wealthiest Black CEOs in the United States and a prominent figure among global Black CEOs.
Black executive Kenneth Frazier loses $3.7 million from Merck & Co. stake
Kenneth Frazier, a top figure among America’s top Black executives, owns a 0.028-percent stake in Merck & Co., equivalent to 705,220 shares.
Leading Black venture capitalist Henri Pierre-Jacques’ firm seeks $150 million for third fund
The new fund follows a successful $134 million raise in 2021, building on the firm’s impressive financial success in recent years.
Lowe’s, led by Black executive Marvin Ellison, posts $21.4 billion in Q1 2024 sales
Despite the headline figures, Lowe’s reported positive growth in certain segments. The Pro division, catering to professional contractors, maintained steady sales.