Bret Taylor, who was promoted to vice chair and co-CEO of Salesforce one year ago today, is stepping down in January “to return to my entrepreneurial roots,” he announced in a Salesforce press release. While it’s not entirely clear why Taylor is leaving, this is another example of how the co-CEO model doesn’t seem to work well for the companies that have tried it. That list, of course,...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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How Microsoft Swallowed Its Pride to Make a Massive Bet on OpenAI
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