
3 Ways to Mitigate Executive Turnover
An experienced C-suite is a proven driver of performance, but retaining senior leaders is becoming harder. According to a Gartner survey, 56% of executives say they are likely or extremely likely to leave their current role in the next two years. Even more...more
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If Trump Wants American Businesses To Thrive, He Should Get Rid of Government Subsidies
Do American businesses require government subsidies to thrive? In a Thursday post on Truth Social, President Donald Trump wrote: "Everyone is stating that I will destroy Elon [Musk's] companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government. This is not so!" He added, "I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!" It's not entirely clear if Trump will cut subsidies to Musk's companies. But during a press briefing a day earlier, White House press secretary Karoline Leavitt said, "I don't think so. No." when asked if the president supports agencies contracting with Musk's xAI. The federal government spends $181 billion a year on "direct cash subsidies" and "indirect industry support" for private businesses, according to a March study by Chris Edwards, the Kilts Family Chair in Fiscal Studies at the Cato Institute. In June, during a public feud between the two men, Trump posted that the easiest way to cut spending would be "to terminate Elon's Governmental Subsidies and Contracts," adding he was "always surprised that Biden didn't do it!" Musk's Tesla Model S was launched with a $465 million Department of Energy loan, and his company has received $11.4 billion in state and federal subsidies, according to a February report by The Washington Post. It's not just Musk's companies, though—the government trough is open for businesses from all industries, including agriculture, aviation, broadband, energy, education, hospitality, housing, manufacturing, transportation, and others. The $42.5 billion Broadband Equity, Access, and Deployment (BEAD) program, which aims to provide internet access to underserved and rural areas, has connected zero people. Annual farm subsidies can range "between about $15 billion to $30 billion per year," according to a Cato Institute report. Recent spending bills are littered with government subsidies that overpromise and underdeliver. This includes $684 million spent on eight nonoperational coal carbon-capture plants over the past 15 years, $387 million spent on a failed "clean coal" power plant in Mississippi, and $200 billion stolen from the Small Business Administration's Economic Injury Disaster Loans (EIDLs) and Paycheck Protection Program (PPP) programs. "Everyone wants the United States to be at the leading edge of industry," Edwards tells Reason, "but the way to do that is for the federal government to get it out of the way and to provide an open playing field for everyone." Yet the administration has a mixed record on subsidies in recent weeks. As part of the $9.4 billion rescissions package, Congress recently voted to cut subsidies for public broadcasting. Now, NPR and PBS have to obtain all, rather than most, of their funding from donors and sponsorships. The One Big Beautiful Bill Act claws back $500 billion in energy subsidies but also includes $52.3 billion in spending on the farm safety net, the most significant agricultural subsidy provided by the government. Trump's tariffs are also "akin to corporate subsidies as well", says Edwards, with industries already facing the effects of protectionism lobbying in Washington for favorable treatment. It's consumers who get the short end of the stick in all this, although the administration seems to be OK with this outcome. Worryingly, Trump has at times attempted to assert the executive branch's power over private companies, such as his executive order to "combat illegal private-sector DEI preferences, mandates, policies, programs, and activities," and those targeting various law firms. When companies hitch their wagon to federal funding, it makes it easier for the government to wield the power of the state against them. Edwards argues that "protecting U.S. businesses through subsidies or tariffs makes them complacent and less competitive." True competitiveness, he adds, comes from being "subjected to the full rigors of the market." If Trump wants American businesses to "THRIVE, in fact, THRIVE like never before!" he could act on his promise to "cut Hundreds of Billions of Dollars in spending," by calling on Congress to cancel all federal subsidies and allow American businesses to thrive, or fail, on their merit. The post If Trump Wants American Businesses To Thrive, He Should Get Rid of Government Subsidies appeared first on

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Exciting Time, Data Center Construction Booming: Aon CFO
Edmund Reese, AON Executive Vice President and CFO, says Aon is bringing new capital into the market, not just in traditional areas, but also in other insurance-linked securities, emphasizing that the company is a leader in that space. He speaks to Romaine Bostick and Scarlet Fu on "The Close." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Carbeeza Inc. Announces CEO Appointment
CALGARY, AB / / July 25, 2025 / Carbeeza Inc. ("Carbeeza" or the "Company") (TSXV:AUTO)(OTCQB:CRBAF) is pleased to announce the appointment of Kenneth W. Brizel as Chief Executive Officer of the Company, effective immediately. Mr. Brizel brings a wealth of executive leadership and capital markets experience to Carbeeza, with a demonstrated track record in scaling technology businesses and leading go-to-market strategies across emerging fintech sectors. As CEO, Mr. Brizel will lead Carbeeza's operational strategy, business development, investor relations, and regulatory compliance. Mr. Brizel has held senior executive positions with both public and private corporations, consistently driving the successful commercialization of advanced technology products. His extensive background includes leadership roles at prominent companies such as RCA/GE, Lucent Technologies, Oplink Communications, LightPath Technologies, ACAMP, ColdChase, Mostek, and Star Semiconductor. Over the course of his career, Mr. Brizel's responsibilities have spanned strategy and business development, engineering, manufacturing, sales, and marketing-making him uniquely qualified to lead Carbeeza in a rapidly evolving market landscape. "I am honored to join Carbeeza at such a pivotal time," said Mr. Brizel. "The company has a strong foundation, a talented team, and a compelling vision. I look forward to working closely with our stakeholders to accelerate growth, drive innovation, and create long-term value." Leadership Transition In conjunction with the CEO appointment, Carbeeza announces that Kenneth W. Brizel replaces Mark Tommasi, the current interim CEO. The Board of Directors extends its sincere thanks to Mark Tommasi for his dedicated efforts and valuable contributions in advancing the Company's objectives. Additionally, Carbeeza is pleased to announce that Joanna Hampton has agreed to rejoin the Company in her role as Chief Financial Officer (CFO). Her return brings valuable continuity and financial leadership to the executive team as the Company enters its next phase of growth. Equity Incentive Agreement In connection with his appointment, the Company has entered into an employment agreement with Mr. Brizel that includes an equity incentive component of up to 25,000,000 common shares of the Company (the "Shares"), issuable in tranches upon the achievement of defined performance-based milestones. These milestones include, among other things: (i) commercialization of the Company's first and second products; (ii) achieving profitability for each of the first and second products; and (iii) achieving consolidated net income of $0.05 per share (undiluted), prior to any share consolidation. The issuance of any Shares under the agreement is subject to: (i) TSX Venture Exchange ("TSXV") acceptance, (ii) disinterested shareholder approval, and (iii) compliance with TSXV Policy 4.4 - Security-Based Compensation. Once issued, such Shares will be subject to a four-month hold period under applicable Canadian securities laws. The Board of Directors believes this compensation structure aligns the long-term interests of management and shareholders, and appropriately incentivizes performance milestones that are expected to materially enhance shareholder value. About Carbeeza Inc. Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers. ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC. Ken Brizel, Chairman Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. For further information please contact: Ken BrizelCEOCarbeeza Notice Regarding Forward-Looking Information: This news release contains forward-looking statements including but not limited to statements regarding the Company's business, assets or investments, as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and prospects of the Company. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above. SOURCE: Carbeeza Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data