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Naming a so-called shadow chair for the Federal Reserve well before Jerome Powell is due to step down as the top central banker could blow up spectacularly. President Donald Trump said earlier this month his pick to replace Powell is coming “very soon,” and on Friday even vowed to tap someone who will do what … Read more
Last year at JPMorgan Chase’s investor day Dimon said that the timetable for his departure was “less than five years.” When asked Monday how many more years he would remain as CEO, Dimon said: “The intent is the same as last year. Nothing has changed at all.” Dimon, who spoke last Monday, touted what he … Read more
Warren Buffett picked the final minute of his 60th shareholder meeting to drop a long-awaited announcement that was still completely surprising for his fans, most of his board and even his successor. Buffett, the 94-year-old architect and face of Berkshire Hathaway Inc., announced that the gathering would be his last as head of the company … Read more
Top CEOs praised Warren Buffett after the legendary investor said Saturday he plans to step down as Berkshire Hathaway chief by the end of the year. Buffett said Berkshire Hathaway Energy CEO Greg Abel should take over as head of the overall conglomerate, stunning shareholders at the annual conference. The “Oracle of Omaha” drew numerous … Read more
Gregory Abel, Vice Chairman overseeing non-insurance operations for Berkshire Hathaway, meets shareholders in the exhibition hall during the Berkshire Hathaway Inc annual shareholders’ meeting in Omaha, Nebraska, U.S., May 3, 2024. Scott Morgan | Reuters Warren Buffett plans to hand over the reins of Berkshire Hathaway at the end of 2025 to Greg Abel, who … Read more
Berkshire Hathaway lead director Sue Decker said the heir to CEO Warren Buffett’s throne is already transitioning into the top spot. Berkshire Hathaway Energy CEO Greg Abel is set to take over Buffett’s role as chief executive of the overall conglomerate. “In the last year, the board, really Greg and Warren, have moved from sort … Read more
According to a new, brow-raising WSJ report, Tesla’s board quietly began searching for Elon Musk’s potential successor about a month ago, approaching executive search firms as the carmaker faced protests, plummeting sales, and shrinking profits while Musk waded into Washington to slash government spending. Board members reportedly met with Musk to express concerns about his … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla chair Robyn Denholm denied a report that the board was seeking to replace its chief executive Elon Musk in response to plunging sales and a widespread backlash against his alliance with US President Donald … Read more
According to a new, brow-raising WSJ report, Tesla’s board quietly began searching for Elon Musk’s potential successor about a month ago, approaching executive search firms as the carmaker faced protests, plummeting sales, and shrinking profits while Musk waded into Washington to slash government spending. Board members reportedly met with Musk to express concerns about his … Read more
Key Takeaways Tesla’s board is searching for Elon Musk’s successor amid declining sales. The search is driven by external consultancy and Musk’s reduced focus on day-to-day operations. Share this article Tesla’s board of directors quietly initiated a search for CEO Elon Musk’s successor amid declining sales and profits, reaching out to several executive search firms … Read more
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