In 2024, a record 202 chief executives departed from their positions, according to Russell Reynolds Associates, marking a 13% increase from the previous year and surpassing the six-year average of 186. The technology sector was particularly affected, with 40 CEOs leaving. Activist investors played a significant role, ousting 27 CEOs, nearly three times the number…

The New York Times looks at how Target’s decision to roll back its diversity, equity and inclusion (DEI) goals has impacted Black entrepreneurs. In Minnesota, organizations including Black Lives Matter Minnesota, the Racial Justice Network and the state chapter of the Council on American-Islamic Relations have called for a national boycott of the retailer. “We…

The PCAOB released a staff report on Tuesday, warning auditing firms about the risks of relying on specialists for fair value measurements and accounting estimates. The report highlights the increasing importance of specialists in financial reporting, stating, “If a specialist’s work is not properly overseen or evaluated by the audit firm, there may be a…

Chief information officers say that despite the increasing prevalence of artificial intelligence (AI) tools, companies have yet to establish a way of charging for them as they seek to make the tools cheap enough that people want to buy them but expensive enough to cover costs. While vendors have typically used monthly subscriptions, some are…

Panama’s president accused the Trump administration of lying about a pact to provide the U.S. Navy unfettered access to the Panama Canal, escalating tensions over the canal’s future after Trump threatened to seize it. The diplomatic breakdown began Wednesday night when the State Department posted on X that Panama had agreed to allow U.S. government…

Congress is investigating allegations that U.S. regulators pressured banks to cut ties with cryptocurrency firms. Sen. Tim Scott, chair of the Senate Banking Committee, led the inquiry, where Nathan McCauley, chief executive of Anchorage Digital, testified about the challenges faced in securing banking services. He said: “We had extreme difficulty finding new bank partners,” highlighting…