"Snowflake CEO Frank Slootman Steps Down, Stock Plummets 20%"

Frank Slootman, likened to Elon Musk for his confrontational leadership style, steps down as CEO of Snowflake, remaining as chairman, with Sridhar Ramaswamy taking over. Slootman, known for his hard-charging approach, led Snowflake through a successful IPO and attracted investment from Warren Buffett's Berkshire Hathaway. Despite controversy over his views on diversity and employee activism, Snowflake's revenue grew significantly under his leadership. The company's shares dropped 18% following the announcement, but the new CEO will inherit a strong foundation.