A HSBC board member who was leading the search for a new chair is set to retire, marking a significant change in the bank's leadership. The article discusses the ongoing leadership transition at HSBC.
Dwayne 'The Rock' Johnson has joined the board of directors of TKO Group Holdings, Inc., formed by Endeavor, which merged WWE and the UFC. He also entered into a services and merchandising agreement with WWE and will receive just over $30 million in TKO stock. Speculation arises about his return to WWE for a match against his cousin, WWE Universal Champion Roman Reigns. Johnson expressed his excitement about the appointment and his family legacy in a statement. Vince McMahon, executive chairman of the TKO board, praised Johnson's understanding of sports, entertainment, media, and business.
Helen Toner, a board member of OpenAI, shares her perspective on the clash with Sam Altman, the co-founder of the company. The incident highlights the tension between AI-safety advocates and those prioritizing technological progress.
The Charleston County School District Superintendent, Don Kennedy, has sent a cease-and-desist letter to a board member, Keith Grybowski, accusing him of writing defamatory and slanderous social media posts. Kennedy claims that Grybowski's demands have made his job and staff's job particularly difficult. The board voted to delay the approval of the district's $650+ million budget citing a need for more transparency. Kennedy accuses Grybowski of refusing to meet with the finance department staff to better understand the budget. Kennedy finishes his letter by rejecting Grybowski's suggestion that CCSD's education is inadequately preparing students.
Tesla co-founder and former CTO, JB Straubel, is returning to the company as a board member. Straubel left Tesla in 2019 to launch Redwood Materials, which is helping create a North American battery supply chain. Tesla shareholders will vote on Straubel joining the board next month during the annual shareholders meeting.
Ride-sharing company Lyft has appointed board member David Risher as its new CEO, while co-founders Logan Green and John Zimmer will step back from managing the company. The move comes as Lyft struggles with competition and a battered stock price. Green and Zimmer will retain their seats on the board but will not participate in running Lyft day-to-day.