#ceo

Right? As bad as Mike was, he was still better than Frank.

Start with Divya please.

that if you’re handsome and halfway articulate you will get many opportunities to fail upwards.

Only way to explain it for how incompetent he was here

He was working at PNC for 13 years. Any feedback about him, good or bad? Comment of his work style? What might he be executing at Truist?

Also, why did he leave PNC after such a long time. Passed over for CEO role?

Thank you - a Truist employee

You’re spending a year fixing someone else’s disaster. Activist investors are circling. Employees hate the cuts. Shareholders hate the stock. Then a top 10 U.S. bank offers you its CEO seat. Who wouldn’t take that deal?

We wanted change, we got change. Let's wait for at least a few months or even weeks before we form our opinions on whether the new CEO will be good or bad for us. Or is that too much to ask for?

Congratulations to everyone on successfully participating in the CEO selection process by existing under it.

This is your friendly reminder that we'll all spend more waking hours under our CEO than under most elected officials, yet one is chosen by millions and the other by a handful of board members.

Lee Raymond, Who Created Exxon Mobil, Dies at 87

He oversaw Exxon’s acquisition of a rival, cut costs relentlessly and denied the scientific consensus on climate change.

Lee Raymond, the chairman and chief executive of Exxon Mobil Corp., at a news conference in 2005. A former high school debating champion, he was known for making withering remarks to those who challenged him.

Lee R. Raymond, who as chief executive of Exxon Mobil wrung out costs to make that global oil company the most profitable in its industry while stoutly resisting the scientific consensus that burning fossil fuels was causing a potentially disastrous warming of the Earth, died on Saturday in Dallas. He was 87.

His death, at a hospital, was confirmed by his son Colin, who said the cause was complications of pneumonia. Mr. Raymond’s agreement in 1998 to acquire Mobil — a transaction valued at about $81 billion, then the largest corporate merger ever — created the world’s biggest private-sector oil company in terms of annual
sales, operating in 200 countries. The deal reunited the two biggest parts of John D. Rockefeller’s Standard Oil

Trust, sundered in 1911 by federal trust busters in an effort to spur competition. During his reign as chief executive, from 1993 to 2005, Mr. Raymond relentlessly cut costs, including eliminating a third of the executive jobs after the merger, and helped boost net income to $36.13 billion from $4.8 billion. The company’s market value increased fourfold to $375 billion.

Mr. Raymond shunned publicity. There was no discernible effort to make him seem endearing or personable to the general public or even to his own employees. He was known for making withering remarks in response to questions from employees or investment analysts. “What you’re hearing today may seem boring,” he said at an analyst meeting in March 2005. “You’ll just have to live with outstanding, consistent financial and operating performance.”

At company headquarters in Irving, Texas, he worked in a hushed office suite known as the God Pod, where a painting of a tiger hung behind his desk. Some employees nicknamed him “Iron A-s,” according to “Private Empire: ExxonMobil and American Power,” a 2012 book by the journalist Steve Coll.

Before Mr. Raymond became chief executive, his biggest public role was taking charge of the company’s response after the Exxon Valdez tanker ran aground on a reef in Alaska’s Prince William Sound in March 1989. The accident spilled 11 million gallons of crude and blackened 1,500 miles of coastline. Mr. Raymond, then Exxon’s president, oversaw the cleanup and, in 1991, helped negotiate a $1 billion settlement of federal and state legal charges arising from the spill. He accused environmentalists and politicians in Alaska of making the disaster worse by refusing to let Exxon spray chemical dispersants on the oil slick shortly after the spill.

In 1994, a federal jury in Anchorage ordered Exxon to pay $5 billion in punitive damages to about 34,000 fishermen and other Alaskans who said they were harmed by the spill. Exxon appealed, leading to another 14 years of litigation.

In a 2008 Supreme Court ruling, the damages were reduced to $500 million.
In the early 2000s, as BP and Chevron courted public favor by touting their investments in alternative energy sources, Exxon took a hard line against government restrictions on fossil fuels and funded research challenging the consensus on global warming.
Mr. Raymond, a former high school debating champion who had a Ph.D. degree in chemical engineering, considered himself a scientist with standing to question that consensus. In a 2005 interview with the public television host Charlie Rose, Mr. Raymond said there was a “natural variability” to temperatures on Earth over
millenniums. “If we weren’t here, the climate would change,” Mr. Raymond said. “It has to do with sunspots, it has to do with the wobble of the Earth, and it has — there are all kinds of things that come and go. If you talk to a geologist, he will tell you the Earth, over its history, has been much warmer than it is now and much colder.”

Because wind, solar and other alternative energy sources were costly and could not replace oil and gas in the near term, he argued, Exxon should focus on finding and pumping more oil, including, if possible, in the Arctic National Wildlife Refuge in Alaska.

Environmentalists regularly denounced Exxon. “There is a spectrum of corporate behavior on global warming and Exxon is the epitome of denial and deception,” Kert Davies, then the research director at Greenpeace USA, told The New York Times in 2005.

Mr. Raymond also resisted corporate trends toward greater acceptance of g-y rights. After Exxon acquired Mobil, the combined company rescinded Mobil policies banning discrimination on the basis of s-xual orientation and ended a practice of providing benefits to same-s-x partners. The moves prompted some g-y and le----n drivers to boycott Exxon service stations.

Under Mr. Raymond’s successor, Rex Tillerson, Exxon Mobil adopted more inclusive policies and acknowledged that human activity contributed to climate change.
Mr. Raymond seemed unbothered by the unpopularity of his views. “I’ve never had a focus group to decide what my persona is out there,” he told The Wall Street Journal in 1997.

Nor did he wish to discuss his personal life. During a court hearing on the Valdez oil spill in the 1990s, an Exxon lawyer asked Mr. Raymond to sum up his background. “I hope this doesn’t get too boring,” Mr. Raymond said. “It kind of bores me.”

Mr. Raymond, center, addressed shareholders during an Exxon annual meeting in 1989. Nine years later, he oversaw the agreement to acquire Mobil.

Lee Roy Raymond was born in Watertown, S.D., on Aug. 13, 1938. His father, Clifford, a railroad engineer, encouraged the young man’s studious ways. In the 1997 interview, Mr. Raymond recalled his father’s alluding to a lack of opportunities in South Dakota and saying, “You have to get an education and get out of here.” After excelling in high school debate and extemporaneous speaking, Mr. Raymond enrolled at the University of Wisconsin and graduated in 1960 with a bachelor’s degree in chemical engineering.

He married Charlene Hocevar in 1961. They had three children, male triplets.
In addition to his wife and son Colin, he is survived by two other sons, John and Rob; and seven grandchildren. Mr. Raymond earned his doctorate in chemical engineering at the University of Minnesota in 1963 and joined Exxon the same year as a production research engineer in Tulsa, Okla. He later headed operations in Venezuela. In the mid-1970s, he impressed his bosses by turning an unprofitable refinery in Aruba into a
reliable source of profits.

After returning to the United States, he headed Exxon’s nuclear power business and oversaw the sale of a subsidiary selling office equipment, including Qyx electronic typewriters.

During his 12 years as chairman and chief executive, his compensation totaled more than $686 million, or $144,573 a day, according to an analysis done for The Times by Brian Foley, an independent compensation consultant.

That compensation amounted to “entrepreneurial returns for managerial conduct,” Charles M. Elson, a corporate governance scholar at the University of Delaware, told The Times in 2006. “Exxon was there long before Mr. Raymond was there and will be there long after he leaves. Yet he received Rockefeller returns without taking the Rockefeller risk.”

An Exxon Mobil spokesman at the time said Mr. Raymond’s performance justified his pay. Mr. Raymond was a director of JPMorgan Chase & Co. and its predecessor, J.P. Morgan & Co., for 33 years before stepping down in 2020. He also was on the board of the American Enterprise Institute, a conservative think tank in Washington.

His hobbies included duck hunting and golf. In a 2013 interview with Investor’s Business Daily, he recalled having made three holes in one. On the corporate jet, he liked to drink milk with popcorn in it, Mr. Coll reported.

One of Mr. Raymond’s sons, John, co-founded Energy & Minerals Group, a private equity firm. “My father gave me three things,” John Raymond told The Journal in 2014. “He gave me work ethic, he gave me a good education and he gave me no money.”

Though Lee Raymond was known for his pugnacity, he had a softer side, according to Mr. Coll’s book: “He could be fiercely loyal to ExxonMobil colleagues and sometimes wept openly when subordinates faced illnesses or other personal struggles.”

Best news this year - Mike is out. Maybe now we have someone who actually understands payments and really cares about people instead of just saying it.

Now let’s get Dhivya out of here and we may have a chance.

The new CEO will want to make an impression from the start. My guess is he'll do it by cutting costs, whether that's needed or realistic or not. It happened with every new CEO and it'll happen with this one. The higher-ups fu-k up and we pay the price. Every single time.

On a scale of 1 to "heading back to the FB-plantation" how will the employees fair?

https://investors.fiserv.com/news-releases/news-release-details/fiserv-announces-leadership-transition

Mike is a gentleman but too much damage done by Frank. He can’t fix.

Takis is a horrible choice, he was groomed by Gibbons and didn’t have a role for a year after hiring Fiserv. Yes, Gibbons!

The Takis and Dhivya show will take FISV to $20/share. The chick Kent differentiate between workflows , automation and AI.

This company was at the top because of how prior CEOs before Frank respected their workforce, a reboot is needed.

I hope I am wrong but naming Takis immediately as the permanent ceo feels like a short sighted panic move. I am surprised they didn’t name him acting while the right long term leader could be found.

They hire another old banker from another bank. Really thinking outside of the box here….lol.

Destroys all value and jumps ship

Software company ServiceNow announced layoffs affecting 63 workers in its San Diego office. This action contradicts CEO Bill McDermott's earlier pledge to maintain a steady headcount. Dozens more employees across California were also impacted. Many affected roles are senior positions in sales and consulting. The company reported strong revenue and profit in the first quarter. Investors, however, expressed dissatisfaction with AI growth projections.

San Diego, California

https://www.sandiegouniontribune.com/2026/06/12/servicenows-ceo-said-no-layoffs-then-fired-63-employees-in-san-diego/

While belk is hanging on by a thread, your trusty CEO Don Hendricks is scooping up and selling multi-million dollar luxury real estate in the exclusive enclave of Martha’s Vineyard. Light years away from his dilapidated stores and underpaid, overworked employees.

https://www.texasmonthly.com/news-politics/so-you-want-to-be-chairman-of-exxon/

It’s the same story everywhere, but it feels especially absurd at our
company. VPs and above fly business class, enjoy generous budgets they
seem to circulate among themselves, and receive inflated bonuses for
minimal impact. Many of them likely couldn’t find another role in this
industry paying even half as much.

Shame on the board for tolerating an ineffective CEO. Shame on the CEO for
building an ineffective C-suite. And shame on us for continuing to work
here.

lost a lot of small businesses, too focused on hardware/POS machine.
When bring a CEO with engineering background, he is just talk everything about devices, no one care about service, lost a lot of small businesses.
then new CEO with accountant background, everyone known --- layoff is coming.

The big boss "san francisco" is bleeding... that's the way is.

Time to be real….Alfonso is the one truly running this company. Dan has his normal MO of being a talking head while he brings in Alfonso and his other buddies to break the company apart. Looking at PayPal….you can see exactly how this turns out. Dan spends time listening to his own voice opine on topics he doesn’t understand while Alfonso runs the company. He’s the brains, Dan is the mouth. Dan talks, and Alfonso pulls out his overplayed handbook of “tiger teams” from the 1980s to spread the guilt of running the business into the ground among a few senior leaders who are too afraid of losing their country club memberships to ever grow a backbone and stand up. Alfonso breaks the employees, runs off the customers, all the while he and Dan are pocketing millions. Same day, different company. Too bad our BoD are worthless and too spineless to step in and stop the insanity.

Ole Danny boy is quickly becoming the laughing stock among tech leaders because he’s so over his head about AI. He thinks he’s a leader in the space, and it’s hilarious to read commentaries, feedback, opinions about him that point out his misguided beliefs and his totally wrong view of AI. It’s honestly embarrassing and I know the C-Suite in several large corporations and sitting back building war chests to buy out parts of Verizon once he fully flops and drives the company to its knees. I meet with C-Suite level in multiple companies through consulting contracts, and I can tell you 100% that Dan is the punchline of the joke, but he’s too arrogant and/or stupid to see it.

BP is reorganizing @ C-level and is announcing a mega structural shake-up. New CEO announced a shift to Upstream/Downstream operating models replacing the current P&O/G&LCE/C&P structure...The prior CEO was sacked for lying to the board, had benefits clawed back, sued, then saw the lawsuit go quiet while he landed a plum director role at a Middle East-backed equity firm that promptly signed a BP JV... Wow...

As an Intuit employee I lost all my savings on Intuit stocks. I hold him accountable.

Looks like that SF lost her mind. There was a couple of urgent L2 level leadership meetings and additional cuts and savings asked. Is it the aim of SF to destroy the company? When she will finally understand that leading the company is way more then financial numbers? Is she finally loosing her support to lead this Titanic?

Can someone imaging she survive as a CEO any longer? I never seen something like this. Only Kelly Beaty could be worse choice.

I’m convinced “nunchucks” has no idea what he’s talking about.

https://finance.yahoo.com/sectors/technology/articles/verizon-ceo-sends-shocking-message-163300683.html

She’s doing such an incredible job in china that rumor has it she is already being promoted to CEO and will oust EH out of the role!
Good riddance eh welcome CS!

It’s clear EH isn’t the one. Who will be next? Will it be our goddess and savior CS per chance?

Another Friday email about MCP. The fifth? Tenth? Who knows anymore. The topic changes slightly, but the result is always the same: lots of buzzwords, very little substance, and almost nothing employees actually care about. Same goes for Radio FactSet.

Meanwhile, layoffs happened this week and didn’t deserve a single mention. Is the CEO genuinely aware of what’s happening inside the company, or is he too busy writing thought pieces about AI? The disconnect is becoming impossible to ignore.

The CEO of UP told him to shove it. So the merger MIGHT not get approval.

Price on July 1, 2020 $23.40
Price on June 4, 2026 $22.66 (intraday)

Cumulative price return -3.2%
Annualized price return -0.5%

The culture is trash , no flexibility , no happy employees , no performance ,you run a company like it's 1980 ...this is what u get ..get this loser ceo out now !!!!

With token pricing increasing dramatically, AI solutions are going to be too expensive. We'll end up using real AI - another Indian.

Exactly this. CEOs are finally realizing that the moment AI stops being subsidized through subscription, its cost becomes way too high to justify. So they'll go back to the previous solution, which will be more outsourcing. Either way, we're the ones getting sc--wed.

Anyone have any insight on the new CEO’s feelings about remote and/or hybrid work?

Embracer Group faced significant financial issues and widespread layoffs. A $2 billion deal collapsed, resulting in thousands of job cuts and studio closures. New CEO Phil Rogers aims to restore the company's damaged reputation. He hopes to rebuild trust with both gamers and the broader industry. Future company acquisitions will now be fully funded by organic cash flow.

https://finance.yahoo.com/markets/stocks/articles/2-billion-mess-saw-thousands-175713470.html

Link --> https://www.msn.com/en-us/money/companies/ibm-ceo-commits-to-reaching-quantum-computing-milestone-by-2029/ar-AA24GHxd?ocid=msedgntp&pc=W099&cvid=6a2049f56af74598af51294d8ec381d8&ei=9

If you believe this stuff will be available in 2029, then you'll believe anything and... I have bridge to sell you in London. No mention of Arvind's golden boy, Dario in this article.
BUT...
What happens if the fabled quantum computers fail to materialize in 2029 ? Where will Arvind and Dario be ? Basking in the sun somewhere in the Caribbean or hiding from the Italian Mafia underground ? After all, a billion dollars is a lot of $$$. ($10 billion is even more). LOL.

https://www.foxbusiness.com/economy/top-ceos-brace-downturn-warn-us-economy-worsen-in-next-6-months#:~:text=Only%2015%25%20of%20CEOs%20say,felt%20that%20way%20last%20quarter.

Not shocking however predictions show more layoffs across the economy and that is really not good for anyone regardless. Salaries likely not going up much either.

Yes, that is correct. Since we got stuck with Enrique only a few months ago Hewlett Packard has more than DOUBLED in value in just a few months. DOUBLED!!! Meanwhile we’re stuck with numbnuts dragging us to all time lows. I truly wish this was a lie. This id--t was a worse hire than Alex and that’s saying a lot.

PZ last day!!!! Ready to welcome a fresh chapter with a new CEO who is already showing to be a lot more human than robot sitting in an ivory tower! Perhaps he can sort out the expensive mess that has become of AI.