Management

Xerox’s Ursula Burns won’t continue as chief executive after the company’s planned split, but will serve as chairman of the company’s legacy document business after the breakup.

Berkshire Hathaway has appointed one of its longtime reinsurance executives, Kara Raiguel, to the post of chief executive of its General Re unit.

Scott Sheffield, one of the most prolific shale-drilling oilmen in the U.S., plans to retire as chief executive of Pioneer Natural Resources Co. at the end of the year.

Two Exco Resources Inc. directors overseeing the oil-and-gas company’s review of bankruptcy and other options won’t stand for re-election after several big shareholders pushed for their ouster.

The head of Morgan Stanley’s joint venture in China is stepping down, a person familiar with the matter said.

The Viacom board of directors voted to stop paying 92-year-old controlling shareholder and Chairman Emeritus Sumner Redstone, according to a person familiar with the matter, in the wake of a legal fight.

Employers preparing for a new federal overtime-pay regulation say the change will lead them to slow hiring, reduce workers’ hours and cut pay, bonuses and benefits.

A new study showing that a shrinking fraction of shareholders of U.S. corporations pay taxes on dividends is bolstering a drive to revamp the corporate tax system.

Millennial issues have become a source of income for a host of self-anointed experts who say they can interpret young workers’ whims and aspirations.

Mr. Pandit’s new company with a Comcast-backed investment firm will seek stakes in more mature financial-services companies.

J.P. Morgan Chase shareholders voted overwhelmingly in favor of the bank’s size and strategy Tuesday, tackling an increasingly common question among analysts and investors of big banks.

J.P. Morgan Chase & Co. has limited some employees’ access to the Swift global interbank messaging service amid questions about security breaches at a pair of Asian banks that used the funds-transfer platform, people familiar with the matter said.

Thomas Russo, American International Group Inc.’s general counsel who earlier had been the top in-house lawyer at Lehman Brothers Holdings Inc., is retiring from the global insurer, according to an internal memo to employees.

When hard pressed on pointed questions, particularly from investors, executives frequently respond with answers that are least likely to cause concern.

Facebook’s Mark Zuckerberg will meet with about 15 conservatives Wednesday as part of an effort to allay fears the social network suppressed conservative news.

If investors hoped the biggest oil bust in decades would change the way oil industry executives are getting paid, they are probably disappointed.

Twitter named BET Networks CEO Debra Lee to its board, the latest move to retool its group of directors as Chief Executive Jack Dorsey seeks more diversity.