This appears to be the first time Israel has targeted a civilian oil facility in Iran. An Iranian news agency reported at least four tanker drivers were killed. The Israeli military says Iran made frequent use of that oil storage facility in Tehran to operate military infrastructure.
Iran, the officials say, was prepared for this conflict. The command structures built to survive a decapitation strike appear to remain substantially intact, allowing Iranian retaliatory strikes to begin against Israel, Qatar and Bahrain within hours of the initial attacks.
Warning to executives: Don't get too comfortable in your corner office. Nearly one in nine CEOs was replaced last year, the highest rate since the financial crisis, and CFO turnover hit a seven-year high, according to new data from Russell Reynolds Associates. The replacements are younger and greener. More than 80% of the 168 incoming CEOs were first-timers with no prior experience running public companies.
D'Amaro, 54, has been serving as chairman of Disney's theme parks and experiences division, the unit that generates the majority of the company's operating income through its parks, cruises, and consumer products. He will succeed longtime CEO Bob Iger, who returned to the role in 2022 after previously leading Disney from 2005 to 2020. The move caps a multiyear succession process closely watched by Wall Street, Hollywood, and fans of the company around the world.
Doug Lebda Lebda, 55, founded LendingTree in 1996, driven by frustration with his own mortgage experience and a desire to simplify financial decisions for consumers. He built a company rooted in consumer empowerment, championing a mission to simplify financial decisions and fostering economic opportunity for all, the board stated. Under his leadership, the Charlotte-based company grew into a major online financial platform, connecting customers with offers from roughly 430 financial partners.
In 2000, Time magazine warned of a coming Boomerdämmerung. The Baby Boomers, it argued, had failed to build enduring wealth, were unprepared for the digital transition, and carried a narcissistic entitlement that made them reluctant to relinquish power. "And your neighbors' children," the magazine warned, "simultaneously burdened with the cost of your aging and victimized by the one thing you'll hold onto-your political power-will boil with resentment."
Trump has expressed deep frustration that Powell has not yet cut interest rates. The Fed chair has taken a wait-and-see approach to monetary policy, citing uncertainty around the tariffs put in play by the Trump administration.
