Former Disney CEO Bob Chapek says he hasn't spoken to predecessor Bob Iger since being ousted in November 2022 and doesn't expect to talk with him in the future. Chapek, who took over as CEO in February 2020 during the COVID-19 pandemic, was removed after five months despite a board contract extension, and has since written a memoir to reclaim his narrative after feeling Iger damaged his reputation.
Mattel CEO Ynon Kreiz is resigning effective October 2 after leading the toy company since 2018, with board member Roger Lynch set to replace him. The announcement caused Mattel stock to fall over 3% in premarket trading.
Goldman Sachs' board is considering elevating CEO David Solomon to executive chairman and replacing him with president John Waldron as early as next year, but the succession plan faces uncertainty as Solomon may be reluctant to step down given the bank's strong performance and his outsized influence, while Waldron could grow impatient waiting for the role.
Goldman Sachs' board is considering a timeline for CEO David Solomon to step down as soon as late 2027 or 2028, with John Waldron, the No. 2 executive, positioned as his successor. The bank has been preparing for this leadership transition publicly for years, and board approval of the plan could occur in the coming months.
MongoDB CEO CJ Desai resigned after one year to join Meta, causing the stock to drop 18% and erasing $6 billion in market value despite no business deterioration or negative guidance, illustrating how significantly senior leadership impacts company valuation.