Biden Hopes More Testing Will Avert Omicron Locdowns

Vlad Tenev of Robinhood: Few corporations and C.E.O.s have disrupted Wall Road like Robinhood and Tenev, notably in 2021. First there was the meme inventory rally. Later, a virtually $32 billion I.P.O., through which Robinhood offered as a lot as a 3rd of the shares on to its clients by means of its app. Not everyone seems to be a fan: Tenev was memorably grilled by Congress, and in June, Robinhood was fined $70 million by FINRA — the most important imposed penalty within the regulator’s historical past — over accusations that it misled clients and the authorities. After its rocky I.P.O., the corporate’s shares have sunk to $18 every, or lower than half of their providing worth.

Mark Zuckerberg of Meta: Zuckerberg remodeled the social media big this yr in a couple of manner — together with actually, when he modified its title to Meta from Fb to allude to the “metaverse,” the digital world that he has known as the way forward for the web. He additionally pushed Meta to be extra aggressive in responding to controversies, together with a trove of leaked inner paperwork that outlined how a lot the corporate knew about dangerous results of its merchandise, questions on its function in spreading misinformation that contributed to the Jan. 6 Capitol riot, and an antitrust lawsuit filed by the Federal Commerce Fee.

Jane Fraser of Citigroup: Fraser took the helm of the banking big in March. She shook up its tradition, instating “Zoom-free Fridays” and promising that almost all staff would be capable to work at home two days every week on a everlasting foundation. However Citi’s shares are nonetheless underperforming these of its opponents, and most of Fraser’s monumental turnaround job nonetheless lies forward.

… and the C.E.O.s to regulate in 2022

The pandemic inventory leaders: If 2022 seems to be a return to regular, the C.E.O.s of the businesses that noticed the largest increase from the pandemic is likely to be those attempting to determine the way to keep afloat. Shares of Peloton have fallen 61 p.c over the previous three months, whereas these in Moderna and Zoom have sunk about 30 p.c every in the identical interval. Peloton’s chief, John Foley, should reverse a gross sales hunch pushed by fitness center reopenings. Zoom’s C.E.O., Eric Yuan, should persuade traders that its core video-conferencing software program can adapt to a brand new period of hybrid work. And whereas the unfold of the Omicron variant of the coronavirus might amplify demand for boosters, Moderna’s chief, Stéphane Bancel, should show that his firm has a couple of viable vaccine.

New on the job: Two Black girls took over Fortune 500 corporations: Rosalind Brewer was picked to run Walgreens in March — and has moved the pharmacy chain additional into well being care and away from retail, whereas Thasunda Brown Duckett, a high JPMorgan Chase government, started main the finance big TIAA in Might. Andy Jassy changed Jeff Bezos as Amazon’s chief in July, and should now fend off fierce scrutiny from regulators on every part from antitrust to office security. And Parag Agrawal, who grew to become Twitter’s C.E.O. in November, should show that he can ship on the social community’s formidable progress targets.

R.J. Scaringe of Rivian: After practically 10 years in stealth mode and holding one of many greatest I.P.O.s of this yr, Scaringe’s automobile maker is underneath stress to ship on its promise of doing for electrical vans what Tesla did for electrical automobiles. Regardless of having offered simply 386 automobiles as of final week, Rivian’s market cap is now larger than that of Ford (an investor) and on par with that of Common Motors. Scaringe has huge growth plans subsequent yr, together with breaking floor on a $5 billion manufacturing facility in Georgia and producing 100,000 supply automobiles for Amazon, one other investor.