this post was submitted on 19 Aug 2026
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It's possible they actually did want to retire, but if that's the case they almost always pick a successor that will continue along the same path.
Most of the time you see a CEO "retire", they're being forced out by the board and paid off with a golden parachute to not make waves on the way out. And the next CEO is installed to make whatever changes the board wants implemented that the previous CEO refused to do.
Yeah... people need to understand this as a basic way corpos and corps work.
Almost nobody ever willingly retires. Almost always, they're forced out, and theres a PR campaign run internally and externally to make it look like they're voluntarily retiring.
The generality may be true, but there was no indication in this case that there was anything other than him, wanting to get out before the chaos of Covid became an increasing burden