A CEO Transition at HSF Affiliates; Compass Exec Promoted
HomeServices announced that Jason Waugh will succeed Vince Leisey as CEO of HSF Affiliates in a planned 2027 transition, bringing his franchise and insurance experience back to the Berkshire Hathaway network. Compass International Holdings promoted Cory Perkins to president of integrated services, tasking him with scaling tools and expanding the division after Don Casey’s retirement. Rocket Companies named longtime Intuit executive Ben Schwartz as general counsel, adding deep tech‑law expertise to support its next growth phase. The three moves reshape leadership across franchising, integrated services, and legal strategy in residential real estate.
Trestle Studio Names Timothy Ryan President/COO
Boutique real‑estate developer Trestle Studio has appointed Timothy Ryan as president and chief operating officer and Christine Morairty as chief brand and marketing officer. Ryan arrives with nearly three decades of hospitality experience, most recently driving a 40% revenue lift at...
Elon Musk’s Last-Ditch Effort to Control OpenAI: Recruit Sam Altman to Tesla
Elon Musk tried to lure OpenAI CEO Sam Altman to Tesla in early 2018, offering him a seat on Tesla’s board and the chance to lead a "world‑class AI lab" within the automaker. The recruitment pitch surfaced during the Musk...
Embrace Failure: Key to Success, Says Nvidia CEO
“If you want to be successful, I would encourage you to grow a tolerance for failure.” — Nvidia CEO, Jensen Huang
James Murdoch’s School of Hard Vox
James Murdoch is close to finalizing a deal with Jim Bankoff to acquire New York magazine and the Vox Media Podcast Network for well over $300 million. The acquisition would combine a premium print title with a fast‑growing audio portfolio, creating a...
RISKWORLD 2026: Chatting with Lucy Pilko, CEO Americas, AXA XL
Lucy Pilko, CEO of AXA XL Americas, highlighted the firm’s shift toward a client‑centric operating model, emphasizing deeper collaboration and tailored solutions. She announced the launch of two new businesses—mid‑market and wholesale—to broaden the carrier’s market reach and diversify revenue....
Rio Tinto Boss Pushes Cost Cuts with Jobs in Focus
Rio Tinto CEO Simon Trott reaffirmed a push for billions of dollars in cost reductions, asset sales and productivity gains, aiming to unlock $5‑$10 billion from the company’s portfolio. Since taking the helm in August, the miner has already delivered $650 million...
VPA Veteran McCoy Tapped as CEO of Port of Virginia
Sarah McCoy, a 12‑year veteran of the Virginia Port Authority, has been appointed CEO of the Port of Virginia, the sixth‑largest U.S. container port by volume. She previously served as interim CEO and executive director since January, succeeding Stephen Edwards...
FanDuel to Give Exiting CEO Amy Howe $4.37M Severance
FanDuel’s parent Flutter announced the termination of CEO Amy Howe, awarding her a $4.37 million severance package—more than four times her base salary. Howe, who led FanDuel since 2021, will also receive vested stock options and a year of health coverage....
Why the AI-Workforce Dilemma Looks Different for Health System CEOs
CEOs are split between cutting jobs or using AI to make existing staff do more, with no near‑term hiring plans. While tech firms like Coinbase are slashing headcount, many health system leaders are choosing the opposite path, leveraging AI to...
Civilization 7 Made Too Many Big Changes, Take-Two CEO Reflects
Take‑Two Interactive’s latest flagship, Civilization 7, has struggled to meet player expectations in its first 15 months, lagging behind both Civilization 5 and Civilization 6 in concurrent Steam users. The game’s ambitious redesign—new victory conditions and a single‑civ campaign mode—received mixed reviews and...
Flutter Taps Former FanDuel President with Law‑academic Pedigree
Christian Genetski, incoming leader of Flutter's US business, was previously President of FanDuel. He has been with the company since 2017, before the company launched its sportsbook. He earned his JD from Vanderbilt law school, per Linkedin, and worked 9...
GameStop of Thrones
GameStop CEO Ryan Cohen, who controls about 9% of the retailer, appeared on CNBC to defend an unsolicited $10.6 billion bid to acquire eBay, a company valued at roughly $50 billion. The proposal pits a former meme‑stock darling against a mature e‑commerce...
DHL CEO Warns of Jet‑fuel Shortfall in Asia, Threatens Air Cargo Capacity
DHL chief executive Frank Meyer warned that a persistent shortfall of 10‑12 million barrels of crude per day could tighten jet‑fuel supplies at key Asian airports, prompting flight cancellations and higher air‑freight charges. The warning follows Middle‑East conflict that has choked...
FanDuel CEO Pushed Out After Five Years Amid Stock Slump
Amy Howe, who led FanDuel’s sportsbook since 2021, was removed after five years and will be succeeded by president Christian Genetski, though the permanence of the appointment remains unclear. The change was announced just before Flutter Entertainment’s first‑quarter earnings call,...
BCG Study Finds CEOs Must Pair AI Gains with Cost Discipline to Unlock Value
Boston Consulting Group’s latest research warns that AI‑driven productivity will not lower costs unless CEOs redesign work, roles, and organization. The study highlights that cost management is the second‑biggest source of stress for CEOs, trailing only growth targets, and argues...
Compass Posts $2.7B Q1 Revenue, $250M Cost Synergies After Anywhere Merger
Compass, Inc. posted $2.70 billion in Q1 2026 revenue—up 7% YoY—and swung to a $22 million net profit after a $51 million loss a year earlier. The firm actioned $250 million in cost synergies within 82 days of its Anywhere acquisition, prompting an increase...
Merck Completes $5.3 B Purchase of Terns, Adding Oral CML Drug TERN‑701
Merck closed a cash tender offer for Terns Pharmaceuticals at $53 a share, valuing the deal at roughly $5.3 billion. The acquisition brings TERN‑701, an oral BCR‑ABL1 inhibitor with FDA Breakthrough Therapy Designation, into Merck’s oncology pipeline and will be recorded...
Flutter CEO Thanks Amy Howe, Refocuses US Sportsbook Strategy
Flutter CEO Peter Jackson statement on Amy Howe's departure as FanDuel head: "I would like to thank Amy for her contribution to Flutter and FanDuel, and recognize the impact she has had on the business since joining in 2021. We...
DuPont Highlights Aramids Divestiture, New Sustainability Goals on Q1 2026 Earnings Call
DuPont used its Q1 2026 earnings call to announce the completion of the Aramids divestiture, unveil 2035 sustainability goals, and report a Vitality Index 35% above its benchmark, underscoring momentum in innovation and operational excellence.
Otto Aerospace Names Scott Drennan CEO to Drive Phantom 3500 Execution
Otto Aerospace announced that Scott Drennan will replace Paul Touw as president and CEO, steering the company into the execution phase of its Phantom 3500 laminar‑flow business jet. The leadership shift underscores a strategic push to certify and produce a...
Victory+ CEO Neil Gruninger on the Impact of the Dallas Cowboys Deal, Creator-Led Content, and Free In-Market Access for Fans
Victory+ has secured a multi‑year partnership making it the first third‑party streaming home for Dallas Cowboys original programming. The free, ad‑supported platform will deliver live and on‑demand content, from draft coverage to weekly press conferences, to fans in North Texas...
Freshworks Beats Q1 2026 Forecast, Posts 16% Revenue Rise and 27% EX ARR Growth
Freshworks (NASDAQ:FRSH) posted Q1 2026 revenue of $228.6 million, up 16% year‑over‑year, and saw employee‑experience ARR jump 27% to over $540 million. The results beat internal expectations, driven by strong mid‑market wins, AI‑enhanced offerings and a 106% net dollar retention rate.
Take-Two CEO Admits Civilization VII Changes Went Too Far; “We Got It Wrong”
Take‑Two Interactive’s CEO Strauss Zelnick admitted that Civilization VII’s new mechanic—forcing players to switch civilizations each Age—missed the mark with longtime fans. While critics gave the game a generally positive review, player sentiment on platforms like Steam was mixed, leading...
Onsemi Q1 2026 Revenue $1.513 Billion, Core Metrics Beat Expectations
onsemi reported Q1 2026 revenue of $1.513 billion, topping the midpoint of its guidance, with GAAP and non‑GAAP gross margins steady at 38.5%. GAAP operating margin fell to 3.5% while non‑GAAP margin held at 19.1%, and diluted EPS was $0.08 GAAP...
Q&A: Focus's Travis Danysh on the Shift From Deal Volume to Scale
Focus Financial Partners, acquired by Clayton, Dubilier & Rice in 2023, is consolidating its 90 independent RIA subsidiaries into a handful of large Focus Partners. Over 60% of the firm’s earnings now stem from these consolidated entities, with roughly 40 firms...
Anthropic CEO Predicts SaaS Pivot as AI Coding Surges
Anthropic CEO Dario Amodei warned that AI‑driven coding agents are slashing software development costs, forcing SaaS providers to develop new moats beyond code complexity. He cautioned that incumbents without differentiated assets could see market value evaporate or even go bankrupt....
GameStop CEO Is Selling Halo Statues, Rare Games, and More to “Pay for eBay”
GameStop CEO Ryan Cohen is auctioning his personal collection of gaming memorabilia on eBay to help fund a non‑binding $55.5 billion proposal to acquire eBay at $125 per share. The auction features high‑value items such as GameStop store signs, a Halo 2...
Prophix CEO Cautions Against Building an AI ‘Faster Horse’
Prophix CEO Alok Ajmera warned against merely speeding up existing finance tools, likening AI development to building a faster horse instead of a car. He highlighted continuous budgeting as the AI‑driven breakthrough the CFO office has chased for two decades....
LifeScan Announces Appointment of Jonathan Salkin as Chief Executive Officer
LifeScan, a leading blood‑glucose monitoring company, announced Jonathan Salkin as its new chief executive officer, effective immediately. Salkin succeeds co‑interim CEOs Michael Hooks and James Rushing, who will remain chairman of the board and CFO/executive vice president, respectively. The appointment...
CNN Has a New Suitor Who Wants to Buy It
Veteran media mogul Barry Diller told attendees at the WSJ Future of Everything Festival that he would purchase CNN "right now" if the chance arose. He highlighted the network’s strong brand but warned that its current trajectory risks losing relevance...
UBS CEO Ermotti Sees Acquisition as an Option for US Growth
UBS CEO Sergio Ermotti said the bank cannot rule out an acquisition as a path to grow its U.S. wealth business. The firm recently recorded $5.3 bn of client inflows in the first quarter, reversing three quarters of outflows, and secured...
BioShock, Game Prices, GTA, the Disappearing NFL Deal and More: An Interview with Take Two CEO Strauss Zelnick
In a rare interview, Take‑Two Interactive chairman Strauss Zelnick addressed a wide‑ranging set of topics, from the current status of the BioShock franchise to the escalating costs of game development. He confirmed that the company’s multi‑game licensing agreement with the...
Would Ted Turner Have Prevented the Downward Spiral of Television’s Economic Value, Reputation, and Advertiser Commitment?
Ted Turner's failed 1985 bid to acquire CBS marked a turning point, as the broadcast industry chose preservation over the disruptive vision that had built CNN and cable networks. The ensuing decades saw a cascade of mega‑mergers—Viacom‑Paramount, AOL‑Time Warner, AT&T‑Time...
Sam's Firing Was About Trust, Not AI Safety
Mira Murati’s testimony is gripping – and what it makes absolutely clear is how utterly wrong most of Twitter was about why Sam was fired. – It had nothing per se to do with AI safety - It had nothing do with...
Jack Dorsey Revives Vine, Now Called Divine
Jack Dorsey is relaunching Vine as Divine nearly 10 years after he killed it. https://t.co/D7JGsJpOP4
Claude Sarrailh, CEO of Ahold Delhaize Europe & Indonesia, to Depart
Ahold Delhaize announced that Claude Sarrailh, CEO of its Europe & Indonesia division, will depart to become chief executive of Italian retailer Esselunga, with a six‑month notice period. Sarrailh, who joined Ahold Delhaize in 2024 from Metro, has been credited...
Quantum Advantage Arrives 2024; Align AI with Quantum
.@IBM CEO Krishna touts quantum computing use cases, quantum-AI continuum https://t.co/FEpY7F817C IBM CEO Arvind Krishna said quantum advantage is here this year and enterprises need to align quantum computing with their AI strategies.
Flutter Confirms FanDuel Leadership Shuffle: Taylor Named President
Flutter reaffirms FanDuel management shake up in earnings release: • Dan Taylor, CEO of International, appointed President of Flutter Entertainment • Christian Genetski, President of FanDuel, will now lead the US business
DRAM Drought to Dog AMD's Chips This Year
AMD warned that PC CPU shipments will dip in the second half of 2026 as a DRAM shortage drives memory prices up four‑fold. The chipmaker still expects its Client segment to post year‑over‑year revenue growth, buoyed by Ryzen adoption and...
80x Growth Drives Aggressive Compute Acquisition Strategy
Dario: “We saw 80x growth earlier this year on usage and revenue” “That’s why we are going to keep acquiring as much compute as we can” https://t.co/Hwj18IV7KB
Cohen Sells Odd eBay Items to Fund $56B
Incredible move by Ryan Cohen to finance GameStop’s $56B acquisition of eBay. Listed items on eBay under the user name ryan_5050 and already secured bids for top-tier lots including used socks ($4,200) and sealed box for Windows 2000 Server installation disk...
Platinum Equity Acquires Infrared Heater Maker Infratech in Undisclosed Deal
Platinum Equity announced the acquisition of Infratech, a U.S. manufacturer of infrared electric heating solutions, from founder Sam Longo Jr. and CEO John Mazzotta. While the purchase price was not disclosed, the deal keeps Mazzotta as CEO and positions the...
Elon Musk Merges xAI Into New SpaceXAI Venture
JUST IN: Elon Musk says xAI will be dissolved as a separate company and form "SpaceXAI"
Elon Reluctantly Forced Into Deal, Ignoring Human Values
100% accurate. elon didn't want to do this deal. he had to do the deal. human values be damned. https://t.co/QIGk1AjsNp
Strategy DUMPING Bitcoin
In this episode of Discover Crypto, hosts dissect Bitcoin’s 200‑day moving average, short‑term chart patterns, and whether the recent bear market has ended, while also reacting to Michael Saylor’s unexpected Bitcoin sale. They analyze altcoin momentum, especially Zcash’s surge and...
Media CEOs Earn Billions While Employees Need Centuries
Our survey of media CEO pay: It would take the avg. WBD employee 1,378 years to make what David Zaslav earned in one, David Ellison's comp hit $63.2 mil. & he stuck Paramount w/ a $648 life insurance tab, and...
Sam Is No Longer the Right CEO for OpenAI
And how many times have I told you that Sam is no longer the right CEO for OpenAI?
Marty Makary's Potential Dismissal Seen as Boost for QURE
Would be Positive for $QURE @rachaelmbade "MARTY MAKARY is expected to get the ax in the coming weeks, according to two well-placed individuals familiar" https://t.co/K0Uirzy1Pc
Elon’s Critique of Anthropic Highlights Money’s Power
So many layers to this, including how critical Elon has been of Anthropic. I guess a few hundred billion here and there can make a lot of issues go away.