Warren Buffett has stepped down as CEO of Berkshire Hathaway after six decades, with Greg Abel taking over. Buffett remains involved as chairman, and Abel, who has managed Berkshire's noninsurance businesses since 2018, is expected to maintain the company's decentralized culture and long-term investment approach. Investors are watching for potential changes, including possible dividend payments, but Buffett's continued influence and Berkshire's strong foundation suggest stability ahead.
Novo Nordisk's chair and six directors have resigned following a dispute with a shareholder, highlighting tensions within the company's leadership and governance.
Doug Lebda, CEO and founder of LendingTree, died in an ATV accident on his family farm in North Carolina. The company announced leadership changes, with Scott Peyree becoming CEO and Steve Ozonian as Chairman, and expressed their commitment to continue Lebda's legacy. Lebda was remembered as a visionary leader who transformed the financial services industry.
LendingTree's founder, chairman, and CEO Doug Lebda, tragically died in an all-terrain vehicle accident, prompting immediate leadership changes with Scott Peyree becoming CEO and Steve Ozonian taking over as chairman. The company and board expressed deep condolences and committed to continuing Lebda's legacy of innovation and consumer empowerment.
Tesla's board chair Robyn Denholm defends Elon Musk's political activities, stating they are his personal choice and do not impact Tesla's sales, as shares rise nearly 6%. Despite concerns over Musk's political involvement and controversial statements, the board remains confident in his leadership as Tesla plans a historic compensation package and continues its transformation into an AI and robotics leader.
Ubisoft appointed Charlie Guillemot, son of CEO Yves Guillemot, as co-CEO of a new subsidiary backed by Tencent, amid ongoing criticism of nepotism and the company's recent struggles, with Charlie emphasizing his experience and role in helping the company move forward.
Research firm LightShed suggests Apple should replace Tim Cook as CEO due to its lagging AI development and product innovation, but Cook is expected to remain in position for now, with the board loyal to him and considering future roles like chairman. Despite current struggles, Cook's long-term influence at Apple may grow, and the company recognizes the need for change to stay competitive.
Linda Yaccarino, CEO of X, announced her departure after two years, expressing gratitude for her role in transforming the platform, which has shifted from Twitter's left-leaning stance to a more right-leaning content focus under Musk's leadership. Her exit comes amid Musk's ongoing controversies and challenges with Tesla and the platform itself.
Tesla's vice president Omead Afshar has been fired by Elon Musk amid declining sales and internal investigations, marking a significant leadership change during a period of financial and sales struggles for the company.
Oracle has appointed two new presidents, Clay Magouyrk and Michael Sicilia, as part of its succession planning, reflecting its focus on strengthening leadership in cloud computing amid record-high shares and renewed enterprise popularity.
Longtime Market Basket executives Joe Schmidt and Tom Gordon expect to be fired following the company's decision to put CEO Arthur T. Demoulas on leave, raising questions about the company's leadership future.
