Reported 8 days ago
In a troubling December for corporate leadership, two prominent CEOs, Carlos Tavares of Stellantis and Pat Gelsinger of Intel, departed due to plummeting stock prices that starkly underperformed the S&P 500. Their exits underscore the growing pressure on executives to produce results, especially in a bull market where shareholder expectations are rising. Both leaders faced significant hurdles in attempting turnarounds for their struggling companies, which highlights the challenges of maintaining board confidence when financial metrics falter.
Source: YAHOO