The AI era is turning Corporate America into a CEO churn machine

Adobe’s longtime CEO Shantanu Narayen announced he was stepping down last week, a move caused, at least in part, by investors’ impatience with the software company’s AI transition. Abode’s stock has been crushed in the “SaaSpocalypse” market selloff that has hit companies whose per-seat software tools are especially vulnerable to automation. Shares are down 25% year-to-date, and investors weren’t impressed with Adobe’s AI-driven quarterly revenue. 

Narayen’s exit is a stark reminder that...