“A real way to see a great leader is to see their followers,” says Shake Shack's recently departed CEO Randy Garutti, who’s since been replaced by Rob Lynch, the former CEO of Papa Johns. “It was really easy to find out who were the people who had once reported to Rob and who had then gone on to have really successful careers as leaders. And you see his thumbprints all over.” Read more: https://lnkd.in/gKCfcqrW 💡 Learn everything you need to know to make it to the corner office with the Fortune #NextToLead newsletter. ➡ Subscribe here: https://lnkd.in/gNqtt36z
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FORTUNE is a global media organization dedicated to helping its readers, viewers, and attendees succeed big in business through unrivaled access and best-in-class storytelling. We drive the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today—and that will matter even more tomorrow. With the trusted power to convene and challenge those who are shaping industry, commerce and society around the world, FORTUNE lights the path for global leaders—and gives them the tools to make business better.
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Employees at Fortune
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Victoria Slivkoff
Extreme Tech Challenge | Walden Catalyst Ventures | Deep Tech | TV Personality and Producer
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Mallun Yen
Founder of Operator Collective, a venture firm and community of founders and operator LPs
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Chris Morris
Contributing Writer at Fortune Magazine (and Fortune.com), Nasdaq.com, Fast Company, AARP and more.
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Don Ross
Updates
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Fortune reposted this
What happens when we have to Reset everything? This is a fairly common question I get, and it’s a fairly sobering one. I call this a HARD RESET. And as the name implies, it’s hard, but not bad. Often the hard reset is exactly what the organization needed to transform to a solid pathway to Thrive. So thrilled that Fortune published an adapted excert from Survive Reset Thrive that covers this, where I also discuss the Hard Resets of IBM, Burberry, Ducati, Tesco, and many YPO examples. I am in the midst of a few right now, and if you feel your team is as well, read through the suggested steps. And remember the first aspect is embracing that is where you are! If you haven’t done so already, get your own copy of "Survive, Reset, Thrive: Leading Breakthrough Growth Strategy in Volatile Times" now: https://lnkd.in/en7Z4p6t #growthstrategy #growthmindset #srtbook
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“I am not donating $45 million a month to Trump.” Elon Musk is not spending $45 million a month to elect former President Donald Trump, though he has created a new super political action committee (PAC) to fund the Republican candidate, the billionaire told conservative commentator Jordan Peterson during an interview Monday evening. “What’s been reported in the media is simply not true,” Musk said. Musk did note that he created a super PAC, called the America PAC, to help support Trump. A super PAC is a group that can raise unlimited amounts of money for a campaign’s independent expenditures—such as for ads, or for day-to-day operations— but doesn’t donate directly to the campaign. They have become prominent among both Democrats and Republicans since a 2010 D.C. appeals court decision that authorized the existence of the super PACS. For a normal PAC, donors are limited to gifts of only $5,000 a year. bit.ly/46njWns
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Making it to the Olympics is “a non-stop grind,” according to soccer star Lindsey Horan. The 30-year-old co-captain of the U.S. Women’s National Team is gearing up for her third Olympics this summer after helping her team earn a bronze medal at the 2020 Tokyo Games. Now in her third Olympics, Horan will lead the 18-player roster, announced just last week, in Paris as the team aims to recapture a gold medal, one the U.S. has not seen since 2012. The call-up to the Olympic roster “still makes me super, super emotional,” the veteran tells Fortune, and while she describes the process as “exhausting,” it also comes with lucrative financial opportunities for the team. “A lot of our success in partnerships and brands always comes around major tournaments,” explained Horan. Read more: https://lnkd.in/ePUrdanf
Olympic soccer team captain predicts wave of investment in women's sports after major contracts like Caitlin Clark
fortune.com
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The chief operations officer of shareholder management unicorn Carta is leaving the company, according to a source familiar with the matter and then confirmed by Carta. The COO, Tom Keiser, was previously an executive at HootSuite, Zendesk, and Gap before he joined Carta in August to oversee much of the customer-facing side of the business, including marketing, sales, and customer support. He has been with the company less than a year. Read more: https://lnkd.in/enC68ZiW
Exclusive: Carta’s COO to leave the company after a year
fortune.com
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The NBA officially rejected Warner Bros. Discovery's $1.8 billion per year offer to continue its longtime relationship with the league, and is instead entering a deal with Amazon. For the tech giant, the deal helps fill a hole in its already-giant advertising business, while serving as a nice addition for Prime members who are sports fans but who might occasionally dabble with the thought of dropping the service. The risks on the other hand, whether monetary or related to internal politics, appear relatively minimal for a company valued at $2 trillion. If you’re Amazon CEO Andy Jassy, you probably do this deal 10 times out of 10, even at the steep cost. As Fortune's Jason Del Rey writes, this deal is "more about playing defense with Prime membership numbers, not offense." Read more of Del Rey's analysis here: https://lnkd.in/eQPJ39CA
Amazon’s $20 billion NBA deal isn’t riskless. But it’s close
fortune.com
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In Silicon Valley, mafias are everywhere these days. There’s the Facebook mafia, the OpenAI mafia, and the Amazon Web Services (AWS) mafia, to name just a few of the tech-media-christened (not-so-criminal) cliques of powerful founders and investors who share roots at a particular tech company. Before any of these clans formed, however, there was one tech mafia that started it all, the godfather of tech mafias: the PayPal Mafia. The term was coined in a 2007 Fortune cover story by Jeffrey M. O’Brien, which examined the outsize influence within the tech scene of a group of men (yes, they were all men) who had launched a payments startup called PayPal almost a decade earlier. Read more in the #FortuneArchives newsletter: https://lnkd.in/d-Mhbtz5
The PayPal Mafia still rules Silicon Valley
fortune.com
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Elon Musk is not spending $45 million a month to elect former President Donald Trump. However, he has created a new super (PAC) to fund the Republican candidate, the billionaire told conservative commentator Jordan Peterson during an interview Monday evening. During the interview, which was hosted on Musk’s platform, X, Peterson asked Musk if he had “shocked” himself by donating a substantial amount of money to Trump’s campaign. Musk – who has previously criticized Trump, calling him a “bull in a china shop” – paused to correct the “media.” “What’s been reported in the media is simply not true,” Musk said. “I am not donating $45 million a month to Trump.” Read more: https://lnkd.in/ekje96J2
Elon Musk denies reported $45 million a month pledge to Trump, says he doesn't 'subscribe to cult of personality’
fortune.com
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When Fortune asked Whole Foods Market's CEO Jason Buechel whether he deliberately charted a path to the corner office, his response was immediate. “Absolutely not.” It’s a sentiment echoed by many C-suite executives, including those who didn’t follow a traditional path to the top. Instead of meticulously planning their ascent, they attribute their success to excelling in each role they undertook. Keep reading in the #NextToLead newsletter: https://lnkd.in/gNqtt36z
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Fortune reposted this
I had a great time chatting with Diane Brady on Fortune's Leadership Next about my career journey, the brand’s phenomenal growth, and how we are bullish in experiential retail. Check out the full episode to hear more:
What Kendra Scott’s Employees Taught CEO Tom Nolan About Being A Better Leader
https://spotify.com