Super Micro Computer hired a new auditor Monday after its previous one, Ernst & Young, quit in the middle of an engagement. The Silicon Valley-based company, which touts a close relationship with AI stock-rocket Nvidia, had risked being delisted from the Nasdaq after failing to file both an annual and quarterly report on time. Its…
Mark Zuckerberg became the world’s second-richest person for the first time Thursday, jumping ahead of Jeff Bezos as shares of Meta Platforms Inc. continue to climb. Zuckerberg’s bet on the metaverse — which initially looked like a huge bust — has paid off in recent months, pushing his net worth to a high-water mark of…
When Nike said on Thursday that John Donahoe was stepping down as chief executive officer, his exit from a rocky tenure offered a brutal reminder to corporate boards: Focus on what a company’s core business is when looking for a new CEO. As Donahoe took over the top spot at Nike’s in early 2020, the…