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ServiceNow CEO Bets On Company Stock
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Relevance ScoreServiceNow CEO Bill McDermott said Wednesday he will remain CEO through 2030 and is increasing his personal stake by tying compensation to stock and accelerating buybacks. The company announced a $5 billion share repurchase program, plans to buy about $2 billion immediately, reported quarterly revenue and profit beats, and revealed a partnership with AI startup Anthropic. McDermott framed the moves as confidence amid a roughly 40% stock decline since early 2025 over AI concerns.
