Segway President and CEO Ron Bills is resigning after about a year on the job for family reasons. No replacement has been named at the maker of the self-balancing, two-wheeled transporters.
Susan Lyne, who was named president and chief executive at Martha Stewart Living Omnimedia last week, will be getting $900,000 in base salary per year, according to a filing with the Securities and Exchange Commission. Lyne also gets restricted stock and stock options, and a yearly bonus of up to 1.5 times her base salary.
The original Mr. Wendy is back.
Pictures of Wendy's founder Dave Thomas, who died of liver cancer in January 2002, will be featured in a new series of advertisements celebrating the fast-food chain's 35th anniversary, company officials said.