PROXY COUNTDOWN

Johnson & Johnson’s big swing. Plus, DOW’s new CEO, Snap layoffs, Meta man board

April 16, 2026·57 min
Episode Description from the Publisher

A 100% increase in black female CEOs at Fortune 500 companiesThe wild wild west of CFO transitionsSnap’s AI-branded mismanagement umbrellaShareholder Proposals are becoming old-fashioned againAnd on The Big Vote, Matt finally digs into wayward bandaids&lt;TRADE WIRE BUMPER&gt;Trade WireTop Stories:30 Filings since April 8The headlinesDOW INC. appointed Karen Carter as CEO, to succeed Jim Fitterling, who will remain as Executive ChairKaren is only the 2nd black woman CEO in the Fortune 500 (Thasunda Brown Duckett at TIAA).She was most recently COO where she had strategic oversight of Dow’s business operating segments – Packaging &amp; Specialty Plastics, Industrial Intermediates &amp; Infrastructure, and Performance Materials &amp; Coatings – as well as the Research and Development, Environment, Health, Safety and Sustainability and Commercial organizationsCarter joined Dow in 1994 and previously served as Dow’s Chief Human Resources Officer and Chief Inclusion Officerappointed new CEO Karen S. Carter to board on the same day as the AGM but she was not on the ballot8 CFO transitionsFEDEX CORP: The Company will conduct a comprehensive internal and external search for a permanent successorCorebridge Financial: Interim CFO received (i) a $750K special retention equity award and (ii) an increase in his target short-term incentive award for 2026 to $800,000 from $400,000.Meta Platforms: directors Hock E. Tan and Tracey T. Travis are resigningHock, the CEO of Broadcom, lasted for only 2 years and bounced right after Meta said it agreed to deploy 1 gigawatt of custom artificial intelligence chips using Broadcom technology as part of a multi-gigawatt dealDown to 2FMetaWith Tracey T. Travis resigning, Meta’s board will–brace yourself–have only 2 female directors. But don’t worry they still have:Dana White (domestic violence)Tony Xu (Bro Culture allegations about DoorDash work cultureMarc Andreessen: leading anti-DEI voice in Silicon Valley: stating that the programs are "discriminatory against merit"Peggy Alford was an executive at the Chan Zuckerberg InitiativeZuck<p

Podzilla Summary coming soon

Sign up to get notified when the full AI-powered summary is ready.

Get Free Summaries →

Free forever for up to 3 podcasts. No credit card required.

Listen to This Episode

Get summaries like this every morning.

Free AI-powered recaps of PROXY COUNTDOWN and your other favorite podcasts, delivered to your inbox.

Get Free Summaries →

Free forever for up to 3 podcasts. No credit card required.