Fortune 500

Four former Intel board members are backing President Donald Trump’s surprise attack on the company’s CEO. In a rare collective statement provided exclusively to Fortune, the former directors demanded the ouster of CEO Lip-Bu Tan and called for a radical restructuring that would spin off Intel’s manufacturing arm into an independent company to secure America’s chipmaking dominance. Noting that this matter should rightly be decided by Intel’s current board and its shareholders, the group— Charlene Barshefsky, Reed Hundt, James Plummer, and David Yoffie,—pointed out that the company is on its fourth CEO in seven years with little improvement in results. Read more: https://xmrrwallet.com/cmx.plnkd.in/euKkyaEM

Krispy Kreme has officially terminated its much-hyped national partnership with McDonald’s. “Our two companies partnered very closely, each supporting execution, marketing, and training, delivering a great consumer experience,” Charlesworth said in a public statement. “Ultimately, efforts to bring our costs in line with unit demand were unsuccessful, making the partnership unsustainable for us.” The fallout from the failed partnership was laid bare in Krispy Kreme’s latest earnings report, a sharp contrast from McDonald’s own resilient financial showing amid sector headwinds. Read more: https://xmrrwallet.com/cmx.plnkd.in/eAHSNX5U

“The biggest risk is not taking any risk.” In a speech given in 2011 to the students at Y Combinator, a technology startup accelerator, Meta CEO Mark Zuckerberg told the aspiring entrepreneurs to take chances and make mistakes. More than a decade later, Zuckerberg continues to shape the business world by taking risks by establishing Meta as one of the leaders in the booming generative-AI field after the company was initially caught flat-footed by the rise of ChatGPT. He currently ranks third in this year’s #Fortune100MostPowerful People list. See the full 2025 list here: https://xmrrwallet.com/cmx.plnkd.in/eyd5kDBD

“Reinvent yourself or invent the future.” When Satya Nadella became CEO of Microsoft, he told The New York Times he planned to stay in the business by continually reinventing himself. A decade later, he’s done just that—leading Microsoft through not one but two major transformations in his decade at the helm of the world’s largest software company—first from PCs to the cloud, and now to AI. His prescient early bet on OpenAI helped put Microsoft in the pole position of the generative AI race. He ranks second on this year’s #Fortune100MostPowerful People list. See the full 2025 list here: https://xmrrwallet.com/cmx.plnkd.in/eyd5kDBD

The new “replacement” pay package that Tesla unveiled for Elon Musk on Aug. 3 marks a big improvement over its predecessor. It guarantees what the previous version left open—the very real possibility that if Tesla’s stock takes a giant roundtrip back to the price where they gave Musk that huge slug, shareholders get nothing but dilution for the directors’ largesse. And Musk still holds shares worth billions. Read more: https://xmrrwallet.com/cmx.plnkd.in/eCRRieXK

President Donald Trump sent a jolt through the tech industry on Thursday, demanding the immediate resignation of Intel’s chief executive officer, Lip-Bu Tan, and branding him as “highly conflicted.” The call, issued via Trump’s Truth Social platform, follows a request earlier in the week from Republican Sen. Tom Cotton to the Intel chairman, demanding answers about Tan’s ties to China. Read more: https://xmrrwallet.com/cmx.plnkd.in/eFqCmXb5

Jensen Huang was once Denny’s “best dishwasher.” “I planned my work. I was organized. I was mise en place,” Huang said during a March 2024 interview with Stanford Graduate School of Business. “I washed the living daylights out of those dishes.” Now he’s beating the living daylights out of the competition as president and CEO of NVIDIA, the world’s premiere advanced chip manufacturer. He’s now worth $151 billion, and the company he cofounded has a $4.3 trillion market cap. Huang on Tuesday was also ranked No. 1 on the 2025 #Fortune100MostPowerful People in Business List. Read more: https://xmrrwallet.com/cmx.plnkd.in/etHB4uCu

“It is imperative to retain and motivate our extraordinary talent, beginning with Elon.” The Tesla board has reinstated Elon Musk as the highest-paid CEO in history with a staggering new $29 billion pay package. His new deal with the $970 billion electric-vehicle maker comes after a Delaware judge twice rescinded Musk’s previous moonshot mega-grant. Musk’s pay has been held up in litigation for the past seven years. The nearly $30 billion award is essential to keeping Musk focused on Tesla—and getting him to recruit new talent to keep the EV manufacturer competitive in AI, robotics, and robotaxis, according to the board. Read more: https://xmrrwallet.com/cmx.plnkd.in/ePEk7bR2

“Brian’s appointment is a real indication that Boeing is returning to prioritizing engineering and product innovation.” In May Boeing named Brian Yutko, 39, chief of commercial airplanes product development, the arm tasked with incorporating engineering advances that improve today’s models, and taking a leading role in designing and bringing to market all-new aircraft at Boeing Commercial Airplanes (BCA), the company’s largest division. Yutko will help Boeing navigate the flight ahead—a period in which the company is in the early stages of exploring what could be a $25 billion bet on a brand-new plane, something that the aerospace giant only does once every few decades. Read more: https://xmrrwallet.com/cmx.plnkd.in/ePm-E6D7

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.⁠ ⁠ The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company’s CEO.⁠ ⁠ In December Delaware Chancellor Kathaleen St. Jude McCormick reaffirmed her earlier ruling that Tesla must revoke Musk’s multibillion-dollar pay package. She found that Musk engineered the landmark pay package in sham negotiations with directors who were not independent.⁠ ⁠ Musk appealed the order in March. A month later Tesla said in a regulatory filing that it was creating a special committee to look at Musk’s compensation as CEO.⁠ Read more: https://xmrrwallet.com/cmx.plnkd.in/eUxCzNqE