Yesterday, the Ford Motor Co. replaced its chief executive Mark Fields and brought in the former Steelcase chief Jim Hackett to assume the position. This is in an effort to fight with recent stock losses and to move forward the advancements like self-driving cars. During Mr. Field’s there-year tenure, the company saw a 40 percent drop in its stocks. Mr. Hackett joined the company last year as the head of its “smart mobility” operation, which focuses on autonomous vehicle technology. Ford is struggling to keep pace with its larger rivals such as General Motors and as well as newcomers like Tesla and Google, especially in the sectors like driverless vehicles technology.
Multiple US states and industry CEO’s expressed their strong will to conform to the United State’s greenhouse gas emission standards under the Paris climate accord. Elon Musk of Tesla and Robert Iger, chief executive of Disney, both resigned from Trump’s advisory council after the news was announced. In response to Trump’s decision world leaders pledged to increase their efforts to cut down global warming. German Chancellor Angela Marckel on Friday said “This decision cannot and will not deter all of us who feel obliged to protect this earth.”
After a shareholder revolt, Uber co-founder and CEO Travis Kalanick has stepped down from his position, the company announced in a statement on Wednesday. The move has come amid multiple sexual harassment allegations against the company and in an attempt to restore Uber’s image. Kalnick said later, Uber can go back to building “rather than be distracted with another fight”.
Roger Ailes, the founding CEO of Fox News who helped shape the images that got three Republican presidents elected and then became a dominant, intimidating force in conservative politics, until he was forced out amidst a sexual harassment scandal in 2016, died at 77 from a subdural hematoma on Thursday morning after he fell at his residence there. Hemophilia contributed to the death, the medical examiner found, and no foul play was suspected.