Eaton, led by Craig Arnold, plans $18.5 million aerospace facility expansion
The project targets rising military, aerospace, and space demand while strengthening Eaton’s role in critical infrastructure and growth industries.
Black executive
Black executive Marvin Ellison gains $9.2 million from Lowe’s shares
Marvin Ellison’s stake in Lowe’s rose by $9.2 million as shares rebounded 5.78% over 17 trading days.
Craig Arnold-led Eaton declares $407.2 million dividend
Eaton, led by CEO Craig Arnold, announces a $407.2 million quarterly dividend, showcasing its strong financial performance and commitment to shareholder value.
One of America’s richest Black CEOs suffers $28.9 million loss from Eaton stake
Eaton shares have dropped 17.46% since the start of the year. A $100,000 investment in Eaton at the beginning of 2025 is now worth $82,540, reflecting a loss of $17,460.
Eaton, led by Black executive Craig Arnold, to acquire Fibrebond for $1.4 billion
The deal, subject to regulatory approval, will expand Eaton’s presence in the data center and industrial markets.
Lowe’s sales drop to $83.7 billion in 2024 under Black executive Marvin Ellison
Net total sales totaled $83.67 billion, marking a 3.13% decline, though strong online and pro sales offer optimism amid ongoing challenges.
Wealthy Black executive Marvin Ellison’s Lowe’s investment dips below $200 million
Over the last 21 days, Ellison’s shares in Lowe’s, amounting to 748,000 shares, declined by more than $12 million.
Marvin Ellison's wealth soars: Black executive's stake jumps $8.5 million
After a strong year in 2024, his stake in Lowe’s has gained over $8.5 million in value in just the past 16 days.
Craig Arnold’s Eaton stake hits $255 million, solidifying his place among America’s richest Black executives
Eaton’s growth is also reflected in its strong financial results, including a 9-month net sales increase of 8.18 percent year-over-year.
Craig Arnold-led Eaton wins $20 million contract for New York semiconductor hub
The 50,000-square-foot cleanroom facility, set for completion by 2026, will enhance capabilities in semiconductor research, development, and commercialization.
Mark Mason, one of America’s leading Black executives, pockets $14.49 million salary
Mark Mason’s $14.49 million pay reflects strategic leadership in Citigroup’s financial success.
Marvin Ellison’s Lowe’s shares grow by $37 million, now valued at $203 million
This boost further solidifies his position among the wealthiest Black CEOs in the U.S. and top-ranking Black executives globally.
Lowe’s reports decline in sales amid economic uncertainty
Total sales totaled $65.12 billion, marking a 3.92% decline, though strong online and pro sales offer optimism amid ongoing challenges.
Craig Arnold makes $24 million from Eaton stake
The recent surge builds on an earlier gain of $43.57 million from Sept. 6 to Oct. 23, when the value of his holdings climbed from $210.04 million to $253.6 million.
Eaton posts $18.6 billion in sales in 9M 2024
Electrical and aerospace segments propel growth, vehicle sales lag, CEO Arnold confident as profitability rises 24 percent.
Eaton declares $374-million quarterly dividend amid record earnings
Eaton maintains a quarterly dividend of $0.94 per share following record Q2 earnings, underscoring long-term growth and shareholder commitment.