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.
Black executive
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.
Craig Arnold's Eaton stake surges above $250 million
Eaton CEO Craig Arnold’s Holdings surge above $250 million amid stock rally.
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.
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
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