Wall Street embraces the ‘Forever CEO’
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Three bank bosses buck the trend of shrinking tenure, the economics of curtailing abortion access
Read a transcript of this episode on FT.com
At least two Chinese cities are seizing presale revenues from indebted property developer Evergrande in order to block potential misuse of funds, and the SPAC bubble appears to be deflating as investors pull cash out of special purpose acquisition vehicles at increasingly higher rates; more than 150 US economists and researchers have weighed in on how women will be affected economically if US states add new restrictions on abortion access, polls in Germany closed last night with the two leading parties neck and neck, and the FT’s US banking editor Joshua Franklin discusses shrinking CEO tenure among US finance companies and the “Forever CEOs” who are bucking that trend. Join FT journalists on October 4 for a subscriber-only webinar on the outcome of Germany’s historic election and its implications for Germany, Europe and the rest of the world. Register free at ft.com/germanwebinar
Chinese cities seize Evergrande presales to block potential misuse of funds
Soaring Spac redemptions signal their fall from favour
Lack of abortion access will set US women back, economists warn - with Claire Bushey
In era of quick-fire bosses, Wall Street embraces the ‘Forever CEO’ - with Joshua Franklin
German election likely to extend Merkel’s long goodbye
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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