Rick Welts, 73, the out CEO of the Dallas Mavericks will retire on Dec. 31, the team announced on Wednesday, Oct. 28. Mavs president Ethan Casson will succeed him. Welts has been CEO since 2024 when he agreed to serve in the position for two years. His impact on the team may be best remembered for t

Why Unconventional Leaders Are Winning (And How You Can Think Like One)

Lessons learned from transitions at the largest companies

Apple has announced that Tim Cook will step down as chief executive officer of the company later this year, marking the end of his 15‑year tenure at the helm of the iPhone maker. Cook, who took over from Steve Jobs in 2011, leaves behind a legacy of transforming Apple into one of the world’s most valuable companies, with a market capitalization that has grown into the trillions of dollars. The company said that John Ternus, Apple’s senior vice president of hardware engineering and a longtime executive behind many of its flagship devices, will succeed Cook as CEO starting in September. Cook will remain with Apple as executive chairman, helping to guide the board and ensure a smooth leadership transition. The move follows years of internal succession planning and comes amid a broader shift in the tech industry, as Apple seeks to strengthen its position in areas such as artificial intelligence, wearable computing, and future hardware platforms. Analysts have praised Cook’s operational discipline and global‑scale management while also noting that his successor will face pressure to innovate aggressively in a competitive market.

JPMorgan names relationship banker Doug Petno and risk guru Troy Rohrbaugh as co‑presidents, positioning them as top contenders to succeed Jamie Dimon.

Research Summary Interim CEO appointments are disruptive and costly to firms. Boards justify them as necessary to find the right permanent successor. But what happens if that successor performs poor...