Walt Disney CFO, Others Brought Concerns to Board Over Bob Chapek

Behind the surprise change in leadership at Walt Disney Co. DIS 6.30% on Sunday was festering discontent among investors and top executives including Chief Financial Officer Christine McCarthy, who in recent weeks had expressed to directors her lack of confidence in Chief Executive Bob Chapek, according to people familiar with the matter. Disney executives and … Read more

Walt Disney Names Robert Iger CEO, Replacing Bob Chapek

Walt Disney Co. DIS 0.38% ’s board of directors on Sunday night replaced Chief Executive Bob Chapek with Robert Iger, the company’s former chairman and CEO who left the company at the end of last year, according to a company announcement. “The board has concluded that as Disney embarks on an increasingly complex period of … Read more

Elon Musk Says He Expects to Name a Twitter CEO as He Testifies Over His Tesla Pay Deal

Mr. Musk, who also runs Tesla Inc. and rocket company SpaceX, said he has been spending the lion’s share of his time on Twitter recently. “I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” Mr. Musk said while testifying in Delaware in a trial over his Tesla … Read more

Elon Musk Sold $4 Billion More Worth of Tesla Stock. The Timing Is Odd.

Investors were waiting for stock sales from Tesla CEO Elon Musk, guessing he needed to sell more shares to finish his Twitter purchase. He sold more stock, but it happened after the Twitter deal closed. Musk disclosed the sale of 19.5 million shares of Tesla (ticker: TSLA), or about $3.95 billion of it, in 38 … Read more

Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass Layoffs

Meta META -0.26% Platforms Inc. will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday. Mr. Zuckerberg appeared downcast in Tuesday’s meeting and said he was accountable for the company’s missteps, and that his over-optimism about growth had led to overstaffing, according to people familiar with the … Read more

Roku Shares Tumble as Streaming-Device Giant Warns of Tough Holiday Season

Roku Inc. ROKU -4.35% said it expected revenue from its two main business drivers—advertising and sales of streaming hardware—to fall in the fourth quarter as macroeconomic conditions pressured both consumers and advertisers to reduce their spending, sending the company’s shares down 18% in after-hours trading. Chief Executive Anthony Wood told investors Wednesday that the coming … Read more

TuSimple Fires CEO Xiaodi Hou Amid Federal Probes

TuSimple Holdings Inc., TSP -45.96% a self-driving trucking company, said Monday it had fired its chief executive and co-founder, Xiaodi Hou. The San Diego-based company said in a news release and securities filing that its board of directors on Sunday had ousted Mr. Hou, who was also the board chairman and chief technology officer.  Mr. … Read more

Buffett’s Berkshire Chases Musk’s Tesla on Market Value

Watch out, Elon, Warren is catching up. With the drop in shares of Tesla this year, the market value of Berkshire Hathaway is hot on the heels of the electric-vehicle leader. Berkshire, led by longtime CEO Warren Buffett, is demonstrating its defensive attributes in a bear market, with its class A shares up 0.3% this … Read more

Tesla Stock Is Too Cheap. It Should Start Buying Back Its Own Shares.

Future Fund Active ETF co-founder Gary Black sent a letter to Tesla board of directors with a recommendation on how to spend some of the company’s growing cash hoard. He wants them to buy back Tesla (ticker: TSLA) stock. Share buybacks can boost any stock. After all, a company is just another buyer of shares—and … Read more