C-Suite
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Investors endorse Greg Abel—even as Berkshire crowd thins without Buffett as CEO. ‘This was definitely the meeting with the deepest insights’
At Greg Abel’s first annual meeting as Berkshire Hathaway CEO this weekend, the arena was about half as full and the tone was more business-focused—but by and large, investors gave the new CEO a thumbs up. After 60 years as CEO of the conglomerate which owns everything from Dairy Queen to insurer Geico, Warren Buffett
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Occidental Petroleum’s CEO transition puts a spotlight on the foreign post advantage
Occidental Petroleum’s next chief executive began his career far from the Houston headquarters. On May 1, Occidental announced that COO Richard Jackson will succeed Vicki Hollub as CEO upon her retirement in June. Hollub, who became CEO in 2016, was the first woman to lead a major U.S. oil company, a landmark appointment in an
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Bard College president steps down, months after his deep ties to Jeffrey Epstein were revealed
The longtime president of Bard College announced his retirement Friday, months after it was revealed that he had a much deeper relationship with Jeffrey Epstein than was previously known. Leon Botstein, who has been president of the small, liberal arts college inn New York for a half century, will retire at the end of June,
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Blackstone’s Steve Schwarzman built a program to teach young leaders about China. It’s harder to get into than Harvard
Steve Schwarzman has spent his career on Wall Street—but he’s also been on a quieter quest on the other side of the globe, a decades-long journey to understanding China. That brought him, in late April, to the New Tsinghua Xuetan, the circular, brick-hued auditorium at Tsinghua University in Beijing, an architectural wonder that resembles a
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Billionaires have a problem money can’t solve: They don’t know how to talk to their kids
The scene lasts about 30 seconds but communicates a lifetime of ultrawealthy dysfunction. Roman Roy, desperate to impress his aging father, announces with pride that he’s bought Hearts of Midlothian, one of Edinburgh’s two great football clubs, for his father, the swaggering Scottish-born media billionaire Logan Roy. The other Edinburgh club, though, also starts with
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Marriott CEO on why you have to defend both DEI and ICE’s right to a hotel room: Dictating values is a ‘bad place for the country’
When Tony Capuano’s daughter called to tell him he was going viral on TikTok, he knew exactly why. “I pray the only time in my life that my daughter calls me and says, ‘Dad, you’re viral on TikTok’ came from this conference,” the Marriott International CEO said, speaking with Fortune at the Great Place to
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Aerie built a $2 billion brand by rejecting Victoria’s Secret’s old playbook. Now it wants to win the AI backlash.
A few years into her time overseeing American Eagle’s Aerie division, Jennifer Foyle felt the loungewear and intimate apparel brand needed to stake a flag in the ground to stand out in a crowded sector. It was 2014, at the twilight of Victoria’s Secret’s cultural dominance before a consumer backlash against unrealistic supermodel-led body standards
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Jamie Dimon says bureaucracy sinks companies and the solution may be getting rid of the ‘jerks’ who don’t want to solve it
JPMorgan CEO Jamie Dimon is fed up with managers who enable bureaucracy, which he considers a silent killer for organizations that brings with it a host of other problems. “Bureaucracy, complacency, and arrogance will take down a company,” he said during the Norges Bank Investment Management’s investment conference Tuesday. “Bureaucracy is like the petri dish
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CEOs got millions after boards ‘neutralized’ the impact of tariffs. Some won’t say what it was worth
Christopher Calio, CEO of RTX, collected $27.7 million in compensation last year. That was his total after the $241.5 billion aerospace and defense giant’s board decided the trade war wouldn’t touch his bonus. At its January 2025 board meeting, the compensation committee of RTX, formerly Raytheon, pre-authorized the removal of tariff impacts on business metrics
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Mark Zuckerberg’s AI ambitions back in the spotlight as Meta execs begin ‘moonshot’ mission for $9.5 trillion valuation and massive payouts
Meta Platforms is set to report first quarter of 2026 earnings on Wednesday, and investors will have a gimlet eye on capital expenditures. Capex is expected to rise to between $115 billion and $135 billion this year as Meta focuses on its Superintelligence Labs. However, a batch of SEC filings also indicate Meta is betting