$60 Billion Project Matador Stalls After CEO Exits the Trump-Branded AI Data Center Megaproject
Project Matador, a Trump‑branded AI data‑center campus in the Texas Panhandle, has stalled after CEO Toby Neugebauer resigned on April 17, 2026. The $60‑90 billion megaproject, envisioned to deliver up to 17 GW of AI compute and on‑site power generation, lacks a confirmed anchor hyperscaler tenant, weakening its financing outlook. Engineering and cooling design remain on hold pending tenant specifications, and early‑stage construction activity has slowed considerably. Investors have reacted sharply, with Fermi America’s valuation falling amid leadership and funding uncertainty.
Gunby Sticks Around at FTI Consulting
FTI Consulting CEO Steve Gunby, 68, has reversed his plan to step down in 2027 and will continue serving as both chief executive and chairman. The firm had combined the two roles temporarily to mentor a successor, but the transition was...
Clio Awards’ CEO on Celebrating the Power of Creators
Clio Awards CEO Nicole Purcell announced the launch of Clio Creators, a new program designed to honor the creator economy as a distinct industry. The initiative follows a series of vertical expansions—including Clio Health, Clio Entertainment, and Clio Sports—that tailor...
Becoming Greater than the Sum of Your Parts
Alan Whitman, former Baker Tilly CEO, explains how Nichols Cauley is built as a private‑equity‑backed financial‑services platform that unites a CPA firm, an insurance brokerage, and an investment‑banking boutique. The firm pursues growth through a unified brand, cross‑serve model, and disciplined ROI‑driven...
How StackAdapt Quietly Built an Adtech Giant
StackAdapt, a Canadian adtech firm, now pulls roughly $500 million in revenue and $100 million in earnings each year, making it one of the country’s most profitable private tech companies. The firm’s early bet on artificial intelligence allowed it to lower adoption...
ARF's McDonald Retiring, Second Ad Trade Chief Search Begins
The Advertising Research Foundation announced that CEO Scott McDonald will retire early next year, prompting a second executive search for his successor. CBIZ Talent Solutions, which placed McDonald in 2017, will again lead the search, slated to launch by late June....
Tech CEOs Think AI Will Let Them Be Everywhere at Once
Tech CEOs are betting on artificial intelligence to extend their personal reach within companies. Meta is building a photorealistic AI avatar of Mark Zuckerberg that can answer employee questions in video chats. Block’s Jack Dorsey proposes collapsing middle management by...
Ferragamo Family Appoints Former Estée Lauder CEO as Strategic Advisor
Ferragamo Finanziaria, the family’s holding company, named former Estée Lauder chief executive Fabrizio Freda as a special strategic adviser. Freda will guide the luxury group’s strategic decisions, help restructure operations, and support the search for a new CEO after a year‑long vacancy....
Why the CEOs of Canada's Big Banks Are Optimistic Even as the Economy Lags
Canada’s big‑bank CEOs remained upbeat at their recent AGMs despite sluggish GDP and weak job growth. They highlighted the country’s strategic energy position, noting a roughly 5% GDP lift for every $10 rise in West Texas Intermediate crude. RBC warned...
Revolut’s Blockbuster IPO Is Two Years Out, Says Nik Storonsky
Revolut founder Nik Storonsky told Bloomberg TV the fintech’s public listing is at least two years away, pushing the IPO timeline to 2026 or later. The company recently secured a $75 bn valuation in a secondary share sale that included Nvidia’s...
Why Smart Leaders Aren’t Panicking About AI—And What They’re Doing Instead
The Inc. article maps a five‑stage confidence cycle that leaders traverse whenever a transformative technology—now AI—disrupts their industry. It argues that smart executives avoid panic by recognizing the pattern, from the initial disruption shock to building momentum through pilots and...
The Big Interview: Helen Medina on Leading the WSA
Helen Medina, the inaugural CEO of the World Spirits Alliance (WSA), is steering the trade group’s global push to reshape alcohol policy through data‑driven advocacy, fair taxation and consumer education. The WSA, launched in 2019, now unites 13 major spirits...
Why Companies Make Big Acquisitions Before Markets Stabilise — And Why Most Get It Wrong
Companies often wait for market stability before pursuing large acquisitions, but this habit can forfeit pricing advantages. The article argues that the optimal window lies between disruption and recovery, when risk premiums have been priced in but valuations have not...
Chef Dave Pynt to Sit at the Helm of People People Brewing Co
Chef Dave Pynt, founder of Burnt Ends Hospitality Group, will head the newly announced People People Brewing Co in Singapore. The 9,000‑square‑foot venue, located at Resorts World Sentosa, brings together culinary, hospitality, brand‑building and consumer‑strategy expertise from co‑founders Loh Lik...
Why Is Mercedes-Benz Partnering With Samsung SDI? The Strategy Behind the EV Supply Chain Shift
Mercedes-Benz has signed a long‑term agreement with Samsung SDI to secure next‑generation EV batteries. The deal reflects a strategic shift from owning battery production to controlling access through a deep supplier partnership. By outsourcing battery capability, Mercedes stabilises input costs...
Dress for Success Victoria Names Karina Bruce as CEO
Dress for Success Victoria has named Karina Bruce as its new chief executive officer. Bruce arrives with more than 25 years of retail and fashion experience, including senior roles at Country Road Group and founding the Hear Us Roar initiative. She previously served...
Meet Jere Calmes: The Iconic CEO Who Turned Reset Into Momentum
Jere Calmes, CEO of The Iconic since 2023, was named #8 in Inside Retail’s Top 50 People in E‑Commerce. He led a strategic reset that trimmed an unsustainable cost base built during the pandemic and refocused the business on technology, logistics...
CFI Names Amr Abdelbaky as CEO of CFI Egypt
CFI Financial Group has appointed Amr Abdelbaky as chief executive officer of CFI Egypt, its brokerage arm focused on the Egyptian market. The platform gives traders access to more than 200 stocks listed on the Egyptian Exchange, including major firms...
Flow Traders Appoints Frank Drouet as CEO Asia-Pacific
Flow Traders announced Frank Drouet as Chief Executive Officer for its Asia‑Pacific division, joining the firm’s Executive Committee. Drouet arrives with more than three decades of experience in equity derivatives, volatility trading and institutional markets, most recently as Deputy Head...
Why Molteni Group’s Contract Business Is Booming Despite the Slowdown
Molteni Group’s contract and hospitality division now generates half of its 2025 revenue, propelling the luxury furniture maker past a sluggish consumer market. Sales climbed to €562 million (about $607 million), up from €520 million the prior year, despite U.S. tariffs and a...
Netflix Defends Price Hikes With a Surprising Argument
Netflix defended its recent U.S. price hikes by highlighting that subscribers now pay the lowest cost per hour of viewing among all major streaming services. The company reported Q1 2026 revenue of $12.25 billion, topping estimates, and said retention and engagement...
Mental Wellness & The Culture You Leave Behind
John Trautwein, founder of the Will To Live Foundation, urges CEOs to confront the hidden mental‑health crisis in their workplaces. He cites that one in five employees silently battle diagnosable mental illness, a stigma‑driven condition that can erode productivity and...
Heidi Steffen to Become President of TitanTV
TitanTV announced that chief revenue officer Heidi Steffen will assume the role of president on May 11 2026, succeeding retiring president Mick Rinehart. Steffen is celebrated for her expertise in broadcast metadata quality and has authored a recent industry white paper. CEO Chris Kelly highlighted...
Cleveland-Cliffs Inc (CLF) Q1 2026 Earnings Call Transcript
Cleveland‑Cliffs announced a 2026 shipment outlook of 16.5‑17 million tons, driven by higher mill utilization and a shift away from loss‑making slab contracts. Realized steel prices are projected to increase about $60 per ton versus 2025, while unit costs are set...
The Hidden Cost of Growth: Leadership Debt
Leadership Debt™ describes the hidden liability that builds when founders cling to day‑to‑day control, preventing the development of a scalable leadership team. The article outlines four stages—from founder‑as‑driver to scaling headcount without output—showing how each compounds operational risk and erodes...
HEDx: Canberra Institute of Technology
Canberra Institute of Technology (CIT) has appointed Margot McNeill as its new chief executive, joining the HEDx platform alongside innovation officer Georgia von Guttner. McNeill, a veteran of Australia’s vocational‑training sector, outlined CIT’s historic commitment to aligning technical education with industry needs. The...
SRA to Double Size of Leadership Team as BSB Names New Chief
The Solicitors Regulation Authority (SRA) will double its leadership team by creating four new director‑level positions covering supervision, risk and data, external affairs, and general counsel. The expansion supports chief executive Sarah Rapson’s turnaround plan aimed at faster decision‑making and...
Singapore Tycoon Seeks $1 Billion From Banks Over Collapsed Firm
Singapore real‑estate magnate Ching Chiat Kwong is pursuing a $1 billion claim against the lenders and insurers that withdrew financing from NewSat Ltd., the satellite venture that collapsed in 2015. Kwong, who says he invested $100 million of his own capital, alleges the banks...
Brad Jacobs’ QXO to Acquire TopBuild for $17bn
Brad Jacobs’ QXO announced a cash‑and‑debt transaction to acquire TopBuild, a leading building‑products distributor, for approximately $17 billion. The deal adds more than 1,200 TopBuild locations to QXO’s existing portfolio, which already includes Beacon Roofing Supply and Kodiak Building Partners. Post‑closing,...
Blue Origin CEO on Growing Satellite Launch Demands
Blue Origin CEO Dave Limp announced plans to increase New Glenn launch cadence to eight‑12 flights in 2026, driven by soaring demand from satellite internet mega‑constellations. The company highlighted the reuse of a previously flown booster and minor upgrades, underscoring its...
He Started as an Intern at His Family Business. Now He Runs It
Andrew Johnson, CEO of Goode Foods, took over the family‑owned company after climbing the ranks from an intern who took out the trash to the top executive. He stresses that inheriting a legacy requires proving worth through hands‑on work, not...
Stifel CEO Gets 20% Pay Bump to $18 Million
Stifel Financial announced that longtime CEO Ronald J. Kruszewski will receive $18 million in total compensation for 2025, a 20% increase from the prior year. The boost reflects the firm’s record $5.5 billion net revenue, a 17% rise in its stock price...
This Halal Beauty Company Boss Has Big Ambitions
Paragon Corp, founded in a Jakarta kitchen in 1985, has grown into Indonesia’s largest cosmetics firm with 15,000 employees and a 25% share of the $7.4 billion domestic beauty market. The company pioneered “halal beauty,” a set of ethical standards that...
Trump-Branded AI Data Center Megaproject Stalls, CEO Departs
The Trump‑branded Fermi America AI data center, billed as the world’s largest, stalled after CEO Toby Neugebauer abruptly departed, sending shares lower following a 75% decline over six months. The project still lacks an anchor hyperscaler tenant and faces cooling‑system...
'Be Very Good Domain Experts': What Sridhar Vembu Told Zoho Engineers on Surviving the AI Era
Former Zoho co‑founder and ex‑CEO Sridhar Vembu told his engineering teams that deep domain expertise, not just coding skill, will be the key to thriving in the AI era. He cautioned that while AI‑powered coding assistants can accelerate prototype creation,...
Rakesh Setia Joins Runwal as CEO for Luxury Segment After 7-Year Stint at Rustomjee
Rakesh Setia, former President of Sales and Marketing at Rustomjee, has joined the Runwal Group as CEO of its luxury segment, overseeing sales, marketing and CRM. During his seven‑year tenure at Rustomjee, pre‑sales surged from roughly ₹1,000 crore ($120 million) to ₹4,000 crore...
Duolingo CEO Says They've Stopped Tracking Employees' AI Use for Performance Reviews
Duolingo CEO Luis von Ahn announced the company will no longer track employees' AI usage in performance reviews, reversing a policy introduced in an April 2025 memo. While maintaining an "AI‑first" stance, the firm continues to limit contractor hiring where AI can...
Fermi Inc's CEO Toby Neugebauer Steps Down, Shares Fall 30 Percent
Fermi Inc. announced that co‑founder and CEO Toby Neugebauer has stepped down, leaving an interim leadership team led by COO Jacobo Orti and board observer Anna Bofa. The news triggered a more than 31% drop in the stock during extended...
Zillow’s CEO Says His Friends Were Shocked when He Quit a Cushy Microsoft Job—But Steve Jobs Led to His Success at the $10.5...
Jeremy Wacksman quit a comfortable Microsoft Xbox marketing role in 2009 to join Zillow, a struggling real‑estate startup. Six months later, the launch of Apple’s App Store prompted him to spearhead Zillow’s mobile strategy, a move that proved pivotal. Over...
HDFC Bank Senior Management Backs Keki Mistry to Continue as Chairman
Senior management of HDFC Bank is urging the board to extend Keki Mistry’s interim part‑time chairmanship beyond the three‑month term approved by the RBI after Atanu Chakraborty’s abrupt resignation. The board’s nomination and remuneration committee must still approve any extension,...
How JLL Is Embracing Artificial Intelligence | C-Suite Saturdays
JLL President and Global CEO Christian Ulbrich told Bloomberg that the 243‑year‑old firm is seeing a strong rebound in premium office space, with rents in top cities now exceeding 2019 record levels. He said AI has become a clear tailwind,...
SMBC-Backed Yes Bank Poised for Balance Sheet Expansion: MD Tonse
Yes Bank, now backed by SMBC’s 24.2% stake, says it has ample headroom to expand its balance sheet. For Q4 FY26 the lender posted a net profit of ₹1,068 crore (~$129 million), up 44.7% YoY, and net interest income of ₹2,638 crore (~$318 million)....
Salesforce CEO Marc Benioff Says APIs Are the New UI for AI Agents
Salesforce announced Headless 360, an API‑first layer that opens Agentforce, Slack and the broader platform to developers. The offering includes the Model Context Protocol and a command‑line interface, letting AI agents interact with data and workflows without a traditional graphical...
Anthropic CEO Amodei Declares "There Is No End to the Rainbow" For AI Scaling
Anthropic CEO Dario Amodei told the Financial Times that the scaling of large AI models shows no sign of slowing, describing the future as an endless "rainbow" of compute. He warned that AI could eliminate up to 50 percent of entry‑level...
Norway Sovereign Wealth Fund Backs BP Management Ahead of AGM
Norway’s sovereign wealth fund, Norges Bank Investment Management, announced it will back the re‑election of BP Plc chairman Albert Manifold and a slate of other management proposals. The fund also said it will support the board’s plan to discard two...
Powder Mountain's Reed Hastings to Leave Netflix
Reed Hastings, Netflix co‑founder and former co‑executive chief, announced he will leave the company’s board this summer to concentrate on other ventures. He stepped down as co‑CEO in 2023 and has since focused on expanding his Utah ski resort, Powder...
View From the Top: Karl Hennessy, McGill and Partners
McGill and Partners, a next‑generation broker founded in 2019, has leveraged artificial intelligence to automate risk placement, exemplified by its recent collaboration with AIG. The firm’s AI‑driven digital infrastructure can automatically underwrite eligible risks, eliminating manual steps and expanding capacity...
Greg Abel Has Been Leading Berkshire for 100 Days. Things Are Already Changing.
Greg Abel has completed his first 100 days as Berkshire Hathaway’s CEO, confirming he will keep the Omaha headquarters, promote his inner circle, and take a larger salary than Warren Buffett, committing most of it to share repurchases. He revived...
Reed Hastings Created a Work Culture that Made Netflix a Giant. Can It Su...
Reed Hastings built Netflix around a "freedom and responsibility" culture that demands constant constructive criticism and employee ownership of decisions. That approach helped the 1997 DVD‑mail service evolve into a $455 billion streaming giant. With Hastings now stepping back, investors and...
Jen Morgan and the Discipline of Building Value
Jen Morgan, CFO of Integrated Dermatology, leverages finance as a growth engine, turning a modest pathology lab into a scalable, tech‑enabled dermatology platform. She champions daily 15‑minute syncs with the CEO to keep strategy and execution tightly aligned. Her leadership...