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Bob Iger. Photo by Rodin Eckenroth/FilmMagic

A wave of CEO departures was announced Tuesday, as the chief executives of Mastercard, Salesforce, Thomson Reuters and Disney all had notice of their impending departures made official.

The big picture: The incredibly high-profile turnover announcements are part of what has become an emergent trend at the top of U.S. businesses over the past year.

  • CEO turnover hit a record high in January, with outplacement firm Challenger, Gray & Christmas declaring the moves were "skyrocketing to start 2020."

Driving the news: Disney CEO and Ithaca College alumnus Bob Iger will move into an executive chairman role at the company and be replaced by parks and resorts chairman Bob Chapek effective immediately.

  • Salesforce Co-CEO Keith Block will step down, leaving Marc Benioff as the company's sole CEO.
  • Mastercard announced CEO Ajay Banga will move on at the start of next year and be replaced by chief product officer Michael Miebach.
  • Thomson Reuters announced CEO Jim Smith will be replaced by TPG senior adviser Steve Hasker, who formerly served as CEO of entertainment agency CAA and president of data firm Nielsen.

By the numbers: In January, 219 CEOs left their positions, a 37% increase from December when 160 CEOs departed.

  • January's new record high also was 27% higher than the previous monthly record of 172, which was set in October, according to Challenger, Gray & Christmas.

Of note: The timing of the announcements is odd, not just because four large companies announced them on the same day, but because they appear timed to drop while much of the public's attention is focused on the coronavirus outbreak.

Go deeper: Bob Iger stuns media world with sudden departure as Disney CEO

Go deeper

Updated 1 hour ago - Politics & Policy

Senate pulls all-nighter on amendments to COVID relief package

Photo: Alex Wong/Getty Images

Democratic leaders struck an agreement with Sen. Joe Manchin (D-W.V.) on emergency unemployment insurance late Friday, clearing the way for Senate action on President Biden's $1.9 trillion stimulus package to resume after an hours-long delay.

The state of play: The Senate continued to work through votes on a marathon of amendments overnight into Saturday morning.

The elusive political power of Mexican Americans

Data: Pew Research Center, U.S. Census Bureau; Chart: Michelle McGhee/Axios

Mexican Americans make up the nation's largest Latino group, yet they remain politically outshined by more recently arrived Cuban Americans.

Why it matters: The disparities in political power between Mexican Americans and Cuban Americans reflect the racial, historical, geographical and economic differences within Latino cultures in the U.S.

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