Disney has chosen James Gorman to be the company's next board chairman starting in January, replacing Mark Parker. This move comes as Disney prepares to find a new CEO to replace Bob Iger, who will step down in 2026. Gorman, who joined Disney's board less than a year ago, has been leading the succes
Early this morning, Boeing and its union announced a tentative agreement to end a five-week strike that's rocked the company. The International Association of Machinists, which represents 33, 000 striking workers, will vote on the deal on Wednesday. The offer includes a 35% wage increase over four y
CVS Health has seen some big changes at the top. On Friday, the company announced that Karen Lynch is stepping down as CEO. She's been replaced by David Joyner, who was the president of CVS Caremark. This move comes after CVS had to warn that its earnings will miss Wall Street's expectations for the
CVS Health has a new leader at the helm. The health care giant announced that CEO Karen Lynch is stepping down, with shares plummeting 19% this year. The company expects earnings to fall below Wall Street predictions, struggling with rising insurance costs and sluggish drugstore sales. David Joyner,
Dario Amodei, the boss of Anthropic—a company backed by giants like Google and Amazon—has a dream. He sees a future where Artificial Intelligence (AI) solves humanity's biggest problems. Think no more poverty, depression, or even PTSD. Plus, medicine could advance tenfold! But hold on, these are jus
CVS Health has named David Joyner as its new CEO, filling the shoes of Karen Lynch who stepped down after an agreement with the board. Joyner, previously the vice president of CVS Health and president of CVS Caremark, will also join the board. The company believes Joyner's deep understanding of thei
CVS Health has announced the departure of CEO Karen Lynch as the company faces multiple hurdles. Shares have declined 19% this year due to higher healthcare costs, weak drugstore sales, and growing investor concerns. The company also revised its third-quarter earnings forecast downward. David Joyner
CVS Health has swapped CEOs following pressure from investors, including activist Glenview Capital. The company's shares have taken a nosedive, down nearly half since 2022 highs. CVS’s latest move comes after repeated cuts to profit forecasts due to rising healthcare costs and competition in its ret
Nike has a new leader at the helm—Elliott Hill. He started his job on Monday, taking over a company facing tough times. Sales are down, and the stock price isn't looking great. Hill, a long-time Nike employee, retired in 2020 but is now back to steer the company through these choppy waters. Nike's
It's been over a month since Boeing's machinists started their strike, rejecting a contract offer from the company. The ongoing standoff is causing Boeing's new CEO, Kelly Ortberg, some serious headaches. The union and Boeing are still at odds, with negotiations falling apart and production coming t
