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New CEO and layoffs at Longeveron

On February 9, 2026, interim CEO Than Powell resigned from his temporary role at Longeveron but remained with the company in business development, as the board appointed veteran biotech executive Stephen H. Willard as permanent CEO effective February 11, 2026. Longeveron tied Willard’s compensation to a mix of cash and equity, including substantial stock and option grants, while simultaneously imposing a temporary 50% pay cut on its CEO and executive chairman and rolling out broader cost-cutting measures such as employee furloughs and reduced board fees to conserve cash ahead of pivotal clinical trial milestones.

https://www.theglobeandmail.com/investing/markets/stocks/LGVN-Q/pressreleases/227165/longeveron-appoints-new-ceo-amid-cost-cutting-initiatives/


Kroger Names Former Walmart Executive Greg Foran as CEO

Kroger, the largest traditional supermarket chain in the United States, has appointed Greg Foran as its new Chief Executive Officer following a year-long search. Foran is best known for running Walmart’s U.S. operations from 2014 to 2019, where he oversaw a turnaround that delivered 20 consecutive quarters of comparable sales growth across more than 4,600 stores. His appointment signals that Kroger is looking to borrow from its biggest rival’s playbook as the grocery wars intensify.

https://www.whatjobs.com/news/kroger-names-former-walmart-executive-greg-foran-as-ceo-to-lead-the-grocery-giant-through-intensifying-competition/


A Finking ship...

So Fink turns Fortune Brands upside down, stock tanks, and he is rewarded by going to a company with a higher valuation and higher CEO wages. He was transplanted like a Catholic Priest, lol. In the words of George Carlin, it truly is a big club and we ain't in it....be on the lookout for more rifs....


Dearly Beloved, we are gathered here today…….

… to say goodbye to a once great American icon, a Verb, a company once known as the pinnacle of innovation and success.

We recognise the lies, deceit, outright greed of the CEO and his SLT, their incompetence has no bounds, no reason, no ethics, no morals.

They treat their staff as collateral damage, every extra month for his team is another bloated pay check, every quarter another stock reward.

To everyone in our company, we need to rebel, we need to bring them to account.

Down tools and have out very own General Strike. They can’t sack us all.


Hypothetical External Candidates for CUSA CEO?

It’d be a pipe dream to think the Board of Directors would boot SK with another dismal year on tap for 2026 and replace him with a non-Japanese executive, but…

If you could nominate someone outside of CUSA to replace SK, who would you choose?

This company needs fresh perspectives and true leaders who can thrive in challenging markets.


The golden hello we are paying for now?

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."


Meet the Pearson boss who punctures CEO bravado

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.


Code RED, massive reorg

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.


Martin Schroeter Needs to be Fired

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.


Target Reduces Office Roles, Invests in Stores

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


Verizon CEO admits to and apologized for huge pricing mistake

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


Has it really gone this bad?

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!


After SETH

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!


Prayers have been Answered! Ferris is getting the boot!

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.


Fire Stephanie and her cronies!

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.


Robot RIck

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?


New CEO's compensation package was just detailed in an 8-K filing

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)