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Honda CEO withstands investor backlash after $9B EV misstep

Honda Motor CEO Toshihiro Mibe secured shareholder backing despite fierce criticism over the company’s first annual loss in nearly 70 years. After overcommitting to expanding its lineup of electric vehicles, the automaker suffered over $9 billion in restructuring costs. Intense competition from Chinese rivals also contributed to the automaker’s recent losses. Despite these setbacks, Mibe

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Buffett’s successor, Greg Abel, doubles down on one AI stock

Greg Abel took over as Berkshire Hathaway’s chief executive on January 1, and he wasted very little time in rewriting the conglomerate’s investment playbook.  In the first quarter alone, he exited 16 positions entirely, shrinking the portfolio from 42 holdings to 29, according to Berkshire’s first quarter 2026 13F-HR filing with the SEC on May

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