Early Tesla investor Ross Gerber advocates for Elon Musk’s resignation as CEO, citing his divided attention between Tesla and his new government role advising Donald Trump. Gerber claims Tesla’s business has been neglected, resulting in plummeting sales and a significant drop in market value exceeding $800 billion. He attributes this to Musk’s spread-thin focus, exacerbated by negative publicity from his social media activity and government position. Gerber argues that Musk must either fully dedicate himself to Tesla or appoint a new CEO to address the company’s crisis.
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Following online criticism of a video depicting CEO Tom Hill seemingly performing a Nazi salute at a company event, Hill resigned from Engineered Structures, Inc. (ESI). In response, ESI announced internal restructuring, including a new Corporate Responsibility Task Force and the appointment of Neil Nelson as CEO. Boise State University, a past ESI client, acknowledged the incident and expressed its expectation that ESI uphold its commitments to address the situation. The company aims to move forward with a renewed focus on compassion and ethical conduct.
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Pat Gelsinger resigned as Intel CEO after a challenging tenure marked by declining stock performance (down 61%) and missed opportunities in the AI boom, allowing competitors like Nvidia to surge ahead. His efforts to revitalize the company, including cost-cutting measures such as a 15% workforce reduction and a focus on foundry services, proved insufficient to reverse Intel’s fortunes. The company is now under interim leadership from co-CEOs David Zinsner and Michelle Johnston Holthaus while searching for a permanent replacement, aiming to streamline operations and bolster investor confidence. This transition comes amidst ongoing struggles, including delays in government-funded manufacturing expansions.
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John Q. Hosedrinker