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Illustration: Eniola Odetunde/Axios

After replacing herself as CEO of Away in December following a major investigation into a toxic corporate culture at the suitcase company, Steph Korey has now unresigned, telling the New York Times' Andrew Ross Sorkin that she would instead stay on as co-CEO.

Why it matters: Korey's December announcement said that her new job would be "executive chairman" — the classic role of someone who wants power without accountability.

  • According to Korey, the news is largely cosmetic. She told Sorkin that even when she officially resigned as CEO, she still expected to operate pretty much in her original role, just with a different title.

How it works: All executives report to the CEO, so on some level an executive chairman should report to the CEO. But because the executive chairman is also the chairman of the board of directors — which can fire the CEO — the job is also that of the CEO's boss.

  • Other high-profile executive chairmen have included Eric Schmidt at Google and Reid Hoffman at LinkedIn.

The bottom line: Being a CEO carries with it an extremely uncomfortable degree of scrutiny and accountability; being an executive chairman, on the other hand, comes with very little of either.

  • Korey intended to continue to run the company all along, with her resignation being just for show. That's cowardice, not leadership. The job of executive chairman has never made much sense, and this latest debacle helps to explain why the role probably shouldn't ever exist.

Go deeper: How an out-of-depth CEO led to struggles at Away

Go deeper

Republicans threaten to shut down government over vaccine mandates

Sen. Mike Lee (R-Utah) in the Capitol in November 2020. Photo: Joshua Roberts/Getty Images

Conservative Republicans in the House and Senate are planning to force a government shutdown Friday to deny funding needed to enforce the Biden administration's vaccine mandates on the private sector, according to Politico.

Why it matters: Congress has until the end of the week to pass a stopgap measure to extend funding into 2022, though objection from a small group of Republicans could shut down the government.

Electric car prices could go up before they come down

Illustration: Eniola Odetunde/Axios

The secret to affordable electric vehicles is cheaper batteries. But after years of falling prices, battery costs are now headed in the wrong direction.

Why it matters: Costlier batteries could drive up the price of electric vehicles — threatening the auto industry's transition away from fossil fuels, and, in turn, society's fight against climate change.

The Supreme Court's abortion showdown arrives

Protesters gather at the Supreme Court during arguments about the Texas abortion law Nov. 1. Photo: Jabin Botsford/The Washington Post via Getty Images

The Supreme Court will debate today whether to overturn Roe v. Wade, and neither side is trying to lower the stakes — or to make today’s case anything less than a referendum on Roe’s very survival.

The big picture: Conventional wisdom, on both the left and right, says the court is likely to chip away at abortion rights without overturning its precedents outright. But neither side has spent much time trying to help the justices thread that needle.