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The week in Business Leadership and Corporate Strategy
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John Ternus replaced Tim Cook while Cook remained closely involved as executive chair. Across the week, Ternus emphasized product continuity while facing immediate tests around AI, margins, and a major launch.
Volkswagen approved another 50,000 job reductions, bringing planned cuts to roughly 100,000. Management is using a smaller cost base to respond to Chinese competition and tariff pressure.
Uber announced about 3,300 job cuts, fewer management layers, tighter remote-work rules, and exits from Nigeria and Uganda. The restructuring redirects capital and attention toward rides, delivery, and robotaxis.
Adobe named veteran Anil Chakravarthy to replace Shantanu Narayen, but another longtime leader's departure intensified investor concerns. The transition turned a continuity choice into a broader execution test.
Elliott built a stake in Air Liquide and began pressing management to defend its margins, capital allocation, and growth priorities. The campaign moved from a reported holding to a direct strategic challenge.
Elliott opposed a potential T-Mobile US merger and urged Deutsche Telekom to prioritize shareholder returns such as buybacks. The campaign put expansion plans and capital allocation under pressure.
The SEC considered giving states more authority over shareholder resolutions while raising filing thresholds. The issue resurfaced during the week as a potential shift that could fragment activism rules and hinder coordination.
An advertising controversy involving Callaway led Good Good Golf's CEO and president to leave. A marketing error therefore became a leadership crisis with consequences for sponsors and partners.
Day’s Recap