TheStreet to pay new CEO a $500,000 salary
David Callaway, the new chief executive officer of TheStreet.com, will receive a base annual salary of $500,000, according to a Securities and Exchange Commission filing on Friday. Callaway, who has been editor in chief of USA Today for the past four years, was named CEO on Thursday. He will start in early July. Callaway is […]
New CEO wants to return TheStreet to its former glory, make deals
The new chief executive officer of financial news service TheStreet.com said Thursday he wants to return the company to its former glory, and he’s interested in seeking deals to consolidate the online business news market. David Callaway, who had been the editor in chief of USA Today for the past four years and was the […]
TheStreet names Callaway its new CEO
David Callaway, currently the editor of USA Today, has been named chief executive officer of TheStreet.com. He replaces Larry Kramer, who has been an interim CEO. Kramer will remain chairman of the board. The changes will be effective in early July. Kramer and Callaway know each other from their time at MarketWatch, where Kramer was the founder […]
Interim CEO of TheStreet sends letter to shareholders
Interim CEO Larry Kramer sent the following letter to TheStreet.com shareholders on Thursday after one of its shareholders objected to the company’s refusal to recommend its nominees to the board: Dear Fellow Shareholder, Since joining TheStreet last year, I’ve had the opportunity to speak with many of you about the strategic direction of the company […]
TheStreet CEO to employees: We’re working with shareholders
Interim CEO Larry Kramer sent the following to all TheStreet.com employees on Thursday: Dear Fellow Employee, Attached is a filing we made with the SEC this morning in response to the letter and ongoing press campaign by Spear Point, an activist shareholder which has called for changes across the company, including to our business strategy […]
Shareholder slams TheStreet board
A large shareholder of TheStreet.com has criticized its board of directors for its management of the company, reports Josh Kosman of the New York Post. Kosman writes, “Spear Point believes it has the right to nominate directors to TheStreet but has been stopped because the board enacted a late rule change that requires shareholders to physically possess the […]
TheStreet.com seeks bankruptcy reporter
TheStreet is seeking a bankruptcy reporter who will be responsible for contributing content to both TheStreet.com and The Deal’s bankruptcy products. This is a fast-paced and innovative environment, often with multiple competing deadlines, so the ability to diligently multi-task is an invaluable skill. Responsibilities: • Write and report daily bankruptcy-related stories • Write and report […]
Portrayed by Clooney, Cramer’s picks underperform market
“Mad Money” host Jim Cramer‘s charitable fund — a personal stock portfolio he co-manages that TheStreet.com, which he co-founded, has built a subscription service upon — shows he doesn’t beat the market, reports Jennifer Booten of MarketWatch.com. Booten writes, “The Wharton researchers released the report Friday to coincide with the release of the new film ‘Money Monster,’ which […]
TheStreet to launch new website soon
Here are some comments made by interim CEO Larry Kramer of TheStreet.com during its first quarter earnings conference call: We launched a public data version of our new flagship site, so readers and advertisers can experience this side of the future at TheStreet.com. In just a couple more weeks that site becomes reality. When you […]
TheStreet’s earnings, revenue lower than expected
TheStreet.com reported a first-quarter loss and revenue that were both lower than expected. The New York-based financial news company reported revenue of $16.1 million, which was about $750,000 lower than expected, and a net loss of $3.4 million, or 10 cents per share, which was 3 cents per share away from analyst expectations. Subscription revenue was $6.3 […]
