Trade Wire - BUY/SELL

95 Filings since March 27

The headlines:

Air Canada CEO will retire this year after his English-only crash message was criticized

Michael Rousseau is stepping down following a massive public outcry after he delivered a condolence video almost entirely in English regarding a fatal plane crash that killed a French-speaking pilot.

Critics and politicians, including Quebec’s Premier, were outraged that Rousseau failed to fulfill a high-profile 2021 promise to learn French, viewing his English-only response to a tragedy as a sign of deep cultural disrespect.

Air Canada’s board has launched a global search for a successor and explicitly stated that fluency in both English and French is now a non-negotiable requirement for the next CEO.

The company clarified that while a "comprehensive internal development program" has been in place for two years, the recent controversy accelerated the timeline for his departure.

Rousseau will officially retire at the end of the third quarter (September 30, 2026), staying on until then to ensure a "seamless transition" and assist the board during the handover.

Air Canada CEO Michael Rousseau initially stated he did not intend to step down following backlash over an English-only video regarding a runway incident

Super Micro Computer, Inc. (SMCI)

indictment of three individuals associated with the Company in connection with an alleged conspiracy to commit export-control violations:

Yih-Shyan "Wally" Liaw, SVP Business Development and a member of the Company's Board of Directors

Ruei-Tsang "Steven" Chang, a sales manager in Taiwan

Ting-Wei "Willy" Sun, a contractor

The Company has placed the two employees on administrative leave and terminated its relationship with the contractor

Mr. Liaw has also resigned as a member of the Company’s Board of Directors

Mr. Liaw’s resignation was not the result of a disagreement with the Company

Clean-up crew: The Company also announced that it has appointed DeAnna Luna as acting Chief Compliance Officer, effective immediately.

Succession Planning??

WEST PHARMACEUTICAL SERVICES INC (WST): Eric M. Green CEO/Chair stepping down once a successor is found

ADOBE INC. (ADBE): CEO/Chair Shantanu Narayen resigning when successor found; will remain as Chair

Down to 2F

Arthur J. Gallagher & Co. (AJG): Sherry Barrat retiring down to 2/9

Corebridge Financial, Inc. (CRBD): Rose Marie Glazer and Adam Burk resigned 2/11

INCYTE CORP (INCY): Susanne Schaffert retiring 2/8

Stupid money

Datadog, Inc. (DDOG): appointed Dominic Phillips

As an inducement for Mr. Phillips to join our Board in a highly competitive market, in recognition of his extensive professional experience and expected contributions to the Company, and in order to further align his interests with those of our stockholders, the Board increased the amount of the initial grant of restricted stock units payable to Mr. Phillips under the Director Compensation Policy upon his appointment from $400,000 to $600,000.

ALNYLAM PHARMACEUTICALS, INC. (ALNY)

special equity award to CEO Yvonne Greenstreet: up to $89m equity

CEO (2022-); COO (2016-2022)

more than three decades of leadership in the biopharmaceutical industry: Head of Medicines Development at Pfizer; and Chief Strategy Officer at GlaxoSmithKline

medical degree and practiced as a clinician before earning her MBA from INSEAD

Students must prove knowledge of at three languages by graduation.

Chair Amy Schulman (16%); CEO (20%); Colleen Reitan (7%); Margaret Hamburg (6%): -9% male gender gap!

LAS VEGAS SANDS CORP (LVS)

appointed Patrick Dumont as Chairman, Chief Executive Officer

CFO Randy Hyzak from $1.2M/150%/175% to $1.35M/200%/250%

Base Salary Increase: +$150,000

Short-Term Upside: +$900,000

Long-Term Upside: +$1,275,000

Total Annual Increase: $2.325 Million (a 45.6% jump in total earning potential)

GC D. Zachary Hudson from $1.3M/175%/200% to $1.6M/200%/425%

Base Salary Increase: +$300,000

Short-Term Upside: +$925,000

Long-Term Upside: +$4,200,000

Total Annual Increase: $5.425 Million (an 87.8% jump in total earning potential)

Alphabet Inc. (GOOG, GOOGL)

CEO Sundar Pachai: up to $692m equity over next for 3 years = $631,000 per day

Workday, Inc. (WDAY)

Aneel Bhusri, Workday’s co-founder and Executive Chair, promoted to CEO: up to $270m equity

WASTE MANAGEMENT INC (WM)

Ms. Rankin received a cash bonus of $1 million in recognition of the value delivered to stockholders as a result of her leadership in completing the orderly transition of the CFO role to her successor and her important contributions toward the integration of our Healthcare Solutions business

DEERE & CO (DE)

one-time equity awards to 3 NEOs: John C. May $25M; Ryan D. Campbell $5M; Deanna M. Kovar $5M