When Things Get Tough, Companies Split Chairman, CEO Roles

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When Things Get Tough, Companies Split Chairman, CEO Roles
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From Boeing to WeWork, a record number of big U.S. companies are dividing their leadership roles—often after a crisis

When the crisis at Boeing Co. escalated into calls for replacing CEO 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 media and phone giant disclosed it planned to separate the roles of chairman and CEO when current leader Randall Stephenson retires.

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