Reed Saxon / AP

It's tough to feel sorry for the modern CEO given skyrocketing executive compensation, but corporate chiefs are facing one headache like the rest of us: dwindling job security. The Wall Street Journal reports that 13 firms worth more than $40 billion have dumped their CEO this year, compared with less than half that number at this point in 2016.

The trend has been brought on by increasingly activist investors who believe that CEOs are not doing enough to boost profits in the short term. Activists have launched nine campaigns targeting top management at U.S. companies in 2017, the fastest pace in three years.

Why it matters: Since the 1980s, activist investors have zealously and successfully promoted maximizing shareholder value—the idea that a company's only goal should be to increase its market value. This comes at the expense of competing visions, like the stakeholder theory, which argues that companies should balance the interests of workers, customers, and ownership when making decisions.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 19,401,935 — Total deaths: 721,906 — Total recoveries — 11,767,805Map.
  2. U.S.: Total confirmed cases as of 8 a.m. ET: 4,942,747 — Total deaths: 161,367 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Politics: Trump says he's prepared to sign executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

The silver linings of online school

Illustration: Annelise Capossela/Axios

Online learning can be frustrating for students, teachers and parents, but some methods are working.

The big picture: Just as companies are using this era of telework to try new things, some principals, teachers and education startups are treating remote learning as a period of experimentation, too.

Warren and Clinton to speak on same night of Democratic convention

(Photos: Abdulhamid Hosbas/Anadolu Agency via Getty Images, Sean Rayford/Getty Images)

Sen. Elizabeth Warren and Hillary Clinton both are slated to speak on the Wednesday of the Democratic convention — Aug. 19 — four sources familiar with the planning told Axios.

Why it matters: That's the same night Joe Biden's running mate (to be revealed next week) will address the nation. Clinton and Warren represent two of the most influential wise-women of Democratic politics with the potential to turn out millions of establishment and progressive voters in November.