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Tech News
Nvidia shares dropped in premarket trading after reports that the company's board met to discuss whether to remove cofounder and CEO Jensen Huang. The discussions follow unspecified controversies surrounding Huang's leadership.
Reports of an alleged extramarital affair involving Nvidia CEO Jensen Huang have fueled speculation about his job security, with betting platform Kalshi reportedly pricing his odds of remaining CEO through the week at around 30%. Commentators have begun floating potential successors, including AMD CEO Lisa Su and former Google CEO Eric Schmidt, though Nvidia has no official succession plan or chairman role in place.
Berkshire Hathaway repurchased $4.5 billion of its own shares as Greg Abel prepares to take over from Warren Buffett as CEO. The move signals confidence in the company's future value without Abel making any public statements about his leadership plans.
Labor force participation among Americans 65 and older has climbed to 19.2%, up from roughly 12% in 2000, and 42% of sitting CEOs are now 60 or older—an unusually high share, according to executive recruiter Cowen Partners. Companies like Boeing, Verizon and Cracker Barrel have repeatedly brought back older or previously retired executives rather than promoting younger leaders.