Comcast, Oracle & Spotify Play CEO Jenga in 2024
In a power move thatâs sending corporate ladder climbers into existential crises, Comcast promoted Mike Cavanagh to co-CEO alongside longtime head Brian Robertsâbecause one billionaire boss just wasnât enough in 2024. Oracle jumped in on September 22, replacing Safra Catz with two new chiefs while founder Larry Ellison still lurks like a boss-vampire. Spotify is not missing out, handing over CEO duties from Daniel Ek to Gustav and Alex. Harvard Business Review's 1996-2020 data flexes 9.5% returns for co-CEOs vs. single CEOsâ sleepy 6.9%, but Chipotle learned hard in 2016 after its co-CEO burrito gamble caused food-safety purgatory. Co-CEO setups are like Tinder relationshipsâdouble the drama, twice the ghosting risk, and nobodyâs quite sure whoâs really swiping right on strategy. PERIOTD.
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Not one CEO calling the shots is the hottest corporate drama since The Bachelor. This lineup has more CEOs than a boy band lineup, and yes, itâs just as confusing on whoâs the lead singer. The way I would watch Mike & Brian tag-team earnings calls is peak HBO realness. This is sending me.
Just picture Oracleâs board like a dysfunctional family dinner with Larry Ellison holding the remote, Safra Catz on cleanup duty, and two co-CEOs trying to agree on appetizers. Spoiler: Itâs mostly just passive-aggressive side-eye.
Spotify handing the CEO crown to Gustav and Alex is the corporate version of boosting a band from solo act to duoâexcept now instead of harmonizing, they argue over who controls the aux cord.
Source: Businessinsider | Published: 9/30/2025 | Author: Tim Paradis,James Faris
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