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.
Black executive
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.
One of America’s richest Black CEOs, Craig Arnold gains $5 million from Eaton stake
Arnold’s stake in Eaton Corporation has experienced a $5.04-million boost in the market value, thanks to the recent rise in the company’s stock price.
Black executive Kenneth Frazier gains $4 million from Merck stake in 29 days
Frazier, who ranks as one of America’s top Black executives, holds a minority stake of 0.028-percent stake in Merck & Co. with a present value of $92.30 million.
Top Black CEO Marvin Ellison gains $1.2 million from Lowe’s shares in 15 days
This recent upswing comes on the heels of a previous downturn in Ellison’s wealth between April 1 and 19, during which his stake in Lowe’s decreased by $4.61 million.
Eaton under Black CEO Craig Arnold reports Q1 2024 sales topping $5.9 billion
The Arnold-led intelligent power management company benefited from robust demand in its Electrical Americas segment.
One of America’s richest Black CEOs, Craig Arnold loses $7.5 million from Eaton stake
This setback follows a period of notable loss of $6.2 million between April 5 and 13, when Arnold’s stake in Eaton decreased from $170.89 million to $164.68 million.
Kenneth Frazier’s Merck holdings rebound, surpassing $90 million amid stock rally
Frazier’s holdings in Merck took a hit earlier this month, but a recent surge in the company’s share price has recouped those losses.
Eaton secures $26.6 million in tax credits for U.S. clean energy push led by Black exec Craig Arnold
The award recognizes Eaton’s $200-million-plus investments in clean energy projects and workforce training across facilities in Texas and Wisconsin.
Black executive Kenneth Frazier loses $3.4 million from Merck & Co. stake
Despite the recent decline, Frazier remains a top Black executive.
Top Black CEO Marvin Ellison gains $6.6 million from Lowe’s shares
This recent boost follows a previous rise in Ellison’s wealth, with his stake in Lowe’s seeing a $3.3-million uptick between Jan. 24 and Feb. 14.
One of America’s richest Black CEOs, Craig Arnold gains $8.5 million from Eaton stake
Arnold, recognized as one of America’s leading executives, holds a beneficial 0.13-percent stake in the power management company, or 517,061 shares.
First Black female Fortune 500 CEO Ursula Burns makes $3.5 million from Uber
Since the start of the year, the market value of Burns’ stake in Uber has surged by $3.4 million, rising from $9.08 million to $12.48 million.