#ceo

Thank you, AI - I missed this somehow.

Omar Abbosh's £13m "golden hello" (announced Sept 2023):
A massive one-time buyout package in cash + restricted shares to compensate for what he "lost" leaving Microsoft. On top of his £1m base salary, up to £3m annual bonus, and huge LTIP grants. Pearson's own announcement framed it as "consistent with the 2023 remuneration policy" shareholders approved earlier that year—despite nearly half rejecting the prior CEO's package. Shares dropped ~5% on the news, and outlets like Reuters called it "baiting shareholders" while the company was still restructuring.

Severance policy gutted in 2023: Right around the same time (mid-2023, effective June 15 for some legacy plans like the old National Computer Systems severance), they terminated standard US severance benefits. Hit hard during layoffs—e.g., the former Pearson Online Learning Services (POLS)/Boundless Learning unit axed roughly half its staff in Aug 2023 with zero severance, no PTO payout, abrupt access cutoffs. Long-timers got nothing. Execs acknowledged in town halls that changes (like losing Maryville University contracts) were planned for months, yet rank-and-file got the short end while the new CEO rolls in with kingly compensation.

It's textbook "rules for thee, not for me"—workers lose protections and get zilch during cuts, but the C-suite gets multi-million welcomes to "lead the transformation."

Curious on how people would grade EH so far in his stint as CEO. I feel like it’s pretty mixed, coming in everyone was super excited, and lately been feeling those sentiments have waned a little.

https://www.fortuneindia.com/technology/meet-the-pearson-boss-who-punctures-ceo-bravado/130226

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Is this some kind of joke? I've never seen more bravado from a group of leaders and their CEO in my career.

He may have less bravado than Elon, or Jensen, but he has less to no products people care about either.

World gone mad.

You cannot imagine how serious the memory crisis is the company is facing right now. The company has for many months act on it but was not taking much action thus lead to the CEO demise. Now the situation is so bad that the company is exploring reconfiguring/resourcing/reusing memories but the impact is near negligible. The problem cannot be solve with throwing more money at it as it is not a money problem. So bad is the situation that the production rate is so low that it's coming to a standstill. Externally the company is totally handicapped by the memory situation, internally they are tightening up so much that it's scrapping every single cents to can save to cushion the financial impact.

https://services.global.ntt/en-us/newsroom/ntt-data-appoints-seelan-nayagam-as-asia-pacific-ceo

Are they going to start the next round of layoffs before or after the new CEO starts? It was pretty easy to read between the lines during the employee webcast today.

This crisis over poor financial controls and potential fraud is completely unacceptable for a former CFO and now CEO. The only real remediation plans involves Martin being fired. Not him "leaving for personal reasons", but actually fired. Without that there's no reason to believe anything coming out of Kyndryl.

Does anyone think this new CEO is a clown?

Remember this name come March Bas Burger. Who is the CEO of BT Global in London will become the new CEO of Verizon Consumer. Remember the name ;)

Target Corporation is cutting approximately 500 jobs. These reductions impact regional offices and distribution centers. The retailer will invest more in store staffing and training. This strategy aims to improve the overall customer experience. New CEO Michael Fiddelke is implementing these operational shifts.

https://patch.com/minnesota/minneapolis/target-cut-500-office-jobs-pour-more-money-stores-report

why cant we elect our C suite like we elect government officials lol
Let's make american companies great again!

did the VZ board just get a bargain bin version of the microsoft, google CEOs?

The wireless industry does not traditionally have a great reputation when it comes to being transparent. That was the basis of T-Mobile’s entire Un-carrier strategy, which forced Verizon and AT&T to drop what used to be the mainstays of how the industry charged.

https://sg.finance.yahoo.com/news/verizon-ceo-admits-apologized-huge-172100197.html

Post here. Looking forward to how he does at the February 19th earnings call

Anyone hearing we are getting new CEO? Nick from Frontier? He did major restructuring at frontier. So if news so true buckle up guys.

This new CEO and his group of clowns just keep getting worse by the day

A CEO who places weeks notice instead of months for a resignation sheds no prestige amongst camaraderie. A crew with no respect and a captain that does not demand it are destined to fall apart quickly. If a surprise like this can come to light then the demise of HP shall ignite without a fight! Ode to the end of which is near. The fall of a once mighty titan shall haunt us with fear!

Stock is down almost every single day. No purchase by our preeminent CEO. He sunk the ship, torpedoed the stock, sent us to Infinity, the company is suffering under him. I think an activist should get involved to save us. Mike should go.

Its obvious Mike is tired and stressed after everything hes been through. He's made tough decisions all while making almost nothing. I mean this man blew out his knees for us. Is there anyway any of us could return the favor? If I had been in Covington I would have un-zipped it right on stage. He's earned it!

Is he gonna layoff.com everyone

Well, it’s finally happening. Word from the top floor is that SF is officially getting the boot.
An exec (who shall remain nameless) confirmed that the Board of Directors spent most of last week in a "closed-door" session. The vibe was tense, and the topic was simple: the stock price is in the basement and someone has to take the fall.
It’s not exactly a surprise. The whole "AI on top of legacy tech" pivot has been a total disaster. We all saw the Zafin integration turn into a massive headache, and it looks like the Board finally lost patience with the "trust the process" narrative.
Expect an "official" PR-friendly announcement soon, but we all know the real reason why.

Stock free falling now, markets aren't happy with the CEO or divesture

Heading to ten bucks a share

Earnings Thursday could be the end

This lady and her puppets are ridiculous. If we could all be so fortunate to get paid millions of dollars to run companies to the ground none of us would worry about being laid off. Contracts for these people are ridiculous. You know even if she was let go her payout would be so crazy that her life style would not change and she would go down the road to the next corporate office and show them how much money she saved FIS and the cycle would start all over again.

Thoughts? I don’t know about you, but I got a sh---y 2% raise and I have been with the company 15 years.

It seems like he came into the CEO role with strong credentials on paper, but they don’t appear to be translating into effective leadership. His messaging shows little curiosity about, or interest in, how employees actually experience the firm, which is a sharp departure from a company that once cared about being a great place to work. Of course maybe that’s the point and the leadership style the firm now supports.

What’s clear is that he does not seem equipped for the human side of the job at all. Am I missing something, or is there something impressive about his leadership that I’m just not seeing?

It is all over the news
https://www.fierce-network.com/wireless/verizon-ceo-succession-plan-flux-report
Can someone confirm?

New CEO's compensation package was just detailed in an 8-K filing: base salary of CAD 1.2 million with USD 7 million long-term incentive plan (70% PSUs, 30% RSUs - vests Sep 2029):
Target Bonus: CAD 1.62 million
Sign-on Options: USD $2 million
Sign-on RSU: USD $2 million
Total Target Direct Pay: ~ 13.8 million (sum of 1st year salary, bonus and all equity grants)

There was a lot of concern coming out of SKO regarding the direction of the company. Many people, rightfully so, are sharpening up their resumes.

The new CEO started today so put on your seatbelts for a bumpy ride.

At a time when many legacy tech companies struggled to adapt, Arvind made the hard, visionary decisions—doubling down on hybrid cloud, AI, and enterprise modernization rather than chasing hype. The Red Hat acquisition, the focus on open systems, and IBM’s renewed relevance in mission-critical enterprise workloads didn’t happen by accident.

True leadership isn’t about quarterly soundbites—it’s about positioning a 100+ year-old company for the next 100 years. Under Arvind’s leadership, IBM has shown discipline, clarity, and long-term vision in an industry obsessed with shortcuts.

That’s what real CEOs do: make bold calls early, stay the course, and let results speak.

https://pulse2.com/opentext-names-ayman-antoun-as-ceo/amp/

OpenText announced its board has appointed Ayman Antoun as Chief Executive Officer and a member of the board, effective April 20, 2026, positioning the veteran technology executive to lead the company’s next phase of cloud modernization and enterprise AI-focused growth.

Antoun brings more than three decades of operating and transformation experience across global technology organizations. OpenText highlighted his tenure at IBM, where he most recently served as President of IBM Americas from 2020 to 2023, overseeing the company’s largest regional business across the U.S., Canada, and Latin America. OpenText said his leadership at IBM included driving advancements spanning cloud, infrastructure, cybersecurity, cognitive solutions, and digital modernization. Antoun also previously served as President of IBM Canada and General Manager, Global Technology Services, and spent time in telecom as Senior Vice President of Business Market Sales at Bell Canada from 2013 to 2015.

Antoun will succeed James McGourlay, who has been serving as interim CEO. OpenText said McGourlay will remain in the interim role through the transition and then move into a role within the company’s Executive Leadership Team. The company also said P. Thomas Jenkins, currently Executive Chairman and Chief Strategy Officer, will return to the role of Chair of the Board following the CEO transition.

OpenText’s board described the appointment as the outcome of a thorough CEO search process aligned to the company’s strategy and leadership needs, emphasizing Antoun’s experience with large-scale modernization efforts and his relationships across public and private sectors. Antoun, in comments released by the company, pointed to OpenText’s product portfolio and global client base as advantages as organizations place greater importance on trusted data for AI and business operations.

Antoun holds a Bachelor of Science in Electrical Engineering from the University of Waterloo and is a graduate of Harvard Business School’s Executive program in financial analysis, business management and strategic planning. He currently serves on the boards of TD Bank and CAE.

KEY QUOTES

“The Board is very pleased to welcome Ayman to OpenText, and as we look ahead to the Company’s future, the Board believes that he is the best leader to drive shareholder value by growing revenue in our core Enterprise Information Management for training Agentic AI business. Ayman’s deep enterprise technology and software expertise and decades of leading large-scale global transformations will be a catalyst for OpenText’s next phase of growth.”

“On behalf of the Board, I would like to thank James for his steadfast leadership as Interim CEO and for the strong results we are realizing by his commitment to our clients. I look forward to welcoming Ayman back home to Kitchener-Waterloo, where he grew up and went to school at the University of Waterloo, and to work with him, our Board and Executive Leadership Team as OpenText continues to advance its strategy.”

P. Thomas Jenkins, Executive Chairman and Chief Strategy Officer, OpenText

“The Board’s CEO Search Committee conducted a thorough CEO search, assessing a strong and diverse slate of global candidates against the Company’s strategic direction to identify the right leadership fit. We were impressed by Ayman’s experience leading major technology organizations, particularly in cloud and digital modernization, along with strong international relationships across public and private sectors. It became clear in our conversations with Ayman that he is uniquely positioned to advance the Company’s leadership in enterprise AI during our pivotal phase of growth.”

David Fraser, Lead Independent Director, OpenText, and Co-Chair of the CEO Search Committee

“OpenText’s core product portfolio, which is the foundation for training agentic AI, combined with its worldwide client base offers the company a competitive advantage as trusted data is now essential to how economies, nations and businesses operate around the world. I am energized by the opportunity to lead OpenText into its next chapter and look forward to working with the Board and leadership team to accelerate the Company’s growth strategy and deliver long-term shareholder value.”

Ayman Antoun, incoming Chief Executive Officer, OpenText

• Michael Fiddelke, who started at Target as a finance intern, takes over the top job at the retailer on Sunday.
• He must deal with declining sales and civil unrest in Minneapolis, the city where Target is based.
• The company's outgoing CEO will stay on as executive chairman, raising questions about how much change is possible.

https://www.businessinsider.com/target-ceo-michael-fiddelke-thrown-into-crisis-mode-day-one-2026-1

Given the significant losses, which are expected to continue to increase, this is a serious concern, and Microsoft should be prepared for a potential CEO exit and make preparations ahead of time.

There is something in water brewing with the IBM connection. I found it quite strange IBM speaking at the kick off given the past relationship. It looks quite clear the new CEO has been brought into to facilitate a takeover of some sort by IBM, clears the decks of what they don't want and make the takeover/transition easier and cleaner. He looks a safe pair of hands that IBM trust, there is simply no other reason you would give a man closer to retirement and has been semi retired for a number of years this gig.

New CEO= no wfh,subpar bonus, less than inflation salary increase, AI psychosis and the most toxic work environment in the metro. Is Continental hiring?

Our company isn't doing great and we were hoping the next CEO would actually be able to help us.
Care to way in on what kind of boss Ayman will be?

Best guy for CEO!
I bet on Mark!

Some of us were not invited to the party in Vegas. How goes SKO and what about the CEO msg??