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When Things Get Tough, Companies Split Chairman, CEO Roles

https://www.wsj.com/articles/when-things-get-tough-companies-split-chairman-ceo-roles-11572778801

When the crisis at Boeing Co. escalated into calls for replacing Chief Executive Dennis Muilenburg, the jet maker's board did the next closest thing: stripped him of his role as chairman. When AT&T Inc. reached a cease-fire last week with activist investor Elliott Management Corp., the company disclosed it planned to separate the roles of chairman and CEO when current leader Randall Stephenson retires.