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
Hollywood is in the midst of a real-life power struggle. The entertainment industry is facing major CEO changes, and it's not always going smoothly. Take Sony, for example. The transition from Tony Vinciquerra to Ravi Ahuja seems to be a rare success story. But this isn't always the case. Just look
When Zoe Oli was just 6 years old, she noticed something different about her hair compared to her classmates. Most of her peers had straight hair, while Zoe had curls and coils. She didn't see many other Black girls at her school, and her peers' questions and comments made her feel uncomfortable. Zo
Boeing, the world-famous plane manufacturer, has hit a rough patch. The company's new CEO, Kelly Ortberg, has announced that about 10% of the workforce will be laid off in the coming months. This news has sparked conversations about the company's past spending habits. Between 2010 and 2019, Boeing s
Stellantis, the multinational automaker, announced on Friday that its CEO, Carlos Tavares, will retire in early 2026. This decision comes amid what Tavares described as a "Darwinian period" in the global auto industry. The company has also been struggling with falling sales; in the third quarter of
For a long time, CEOs could get away with having relationships with employees. But now, companies are taking a tougher stance. The railroad Norfolk Southern fired its CEO, Alan Shaw, for a consensual relationship with the company's chief legal officer. This shows how seriously companies now take exe
Have you ever wondered what happens when the weather gets too extreme? It's not just about the temperature or rainfall anymore; it's about how these changes affect us and our environment. Let's dive into the world of extreme weather and see what's going on. First, let's talk about why extreme weath
