Aug 23, 2018

Intuit CEO Brad Smith is stepping down

Dan Primack, author of Pro Rata

Intuit's Brad Smith. Photo by Stephen McCarthy via Getty Images

TurboTax maker Intuit today said that CEO Brad Smith will step down at year-end, at which point he'll become executive chairman. The CEO role will go to Sasan Goodarzi, who currently leads Intuit's small business and self-employed group.

  • The company also said chief technology officer Tyloe Stansbury will leave at year end, to be succeeded by Marianna Tessel.

Why it matters: Smith has one of the longer CEO tenures in Silicon Valley, with Intuit saying it generated more than a 600% shareholder return during his 11 years at the helm.

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Axios
Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 12,009,301 — Total deaths: 548,799 — Total recoveries — 6,561,969 — Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 3,053,328 — Total deaths: 132,256 — Total recoveries: 953,420 — Total tested: 37,532,612 — Map.
  3. Public health: Houston mayor cancels Republican convention over coronavirus concerns — Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  4. Travel: United warns employees it may furlough 45% of U.S. workforce — How the pandemic changed mobility habits, by state.
  5. Education: New York City schools will not fully reopen in fall — Harvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.
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Rashaan Ayesh
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Transcripts show George Floyd told police "I can't breathe" over 20 times

Photo: Gary Coronado/Los Angeles Times via Getty Images

Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

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Bryan Walsh
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Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.

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