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Trade Wire - BUY/SELL
Top Stories:
proxy countdown_trade wire_2025 - Google Sheets
95 Filings since March 27
The headlines:
Air Canada CEO will retire this year after his English-only crash message was criticized
Michael Rousseau is stepping down following a massive public outcry after he delivered a condolence video almost entirely in English regarding a fatal plane crash that killed a French-speaking pilot.
Critics and politicians, including Quebec’s Premier, were outraged that Rousseau failed to fulfill a high-profile 2021 promise to learn French, viewing his English-only response to a tragedy as a sign of deep cultural disrespect.
Air Canada’s board has launched a global search for a successor and explicitly stated that fluency in both English and French is now a non-negotiable requirement for the next CEO.
The company clarified that while a "comprehensive internal development program" has been in place for two years, the recent controversy accelerated the timeline for his departure.
Rousseau will officially retire at the end of the third quarter (September 30, 2026), staying on until then to ensure a "seamless transition" and assist the board during the handover.
Air Canada CEO Michael Rousseau initially stated he did not intend to step down following backlash over an English-only video regarding a runway incident
Super Micro Computer, Inc. (SMCI)
indictment of three individuals associated with the Company in connection with an alleged conspiracy to commit export-control violations:
Yih-Shyan "Wally" Liaw, SVP Business Development and a member of the Company's Board of Directors
Ruei-Tsang "Steven" Chang, a sales manager in Taiwan
Ting-Wei "Willy" Sun, a contractor
The Company has placed the two employees on administrative leave and terminated its relationship with the contractor
Mr. Liaw has also resigned as a member of the Company’s Board of Directors
Mr. Liaw’s resignation was not the result of a disagreement
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