Anjali Sud was just 33 years old and had been working for nearly three years at Vimeo when she was plucked out to lead the company—and she had no idea her boss was even considering her for the top job. “I never expected to become the CEO of Vimeo,” Sud, who is now 40 and leading Tubi, America’s most-watched free TV service, tells Fortune. After all, Vimeo was only Sud’s fourth-ever employer. Plus, being in middle management as general manager and head of marketing, it wasn’t like Sud was an obvious front-runner for the role—nor did she put her name in the hat when the vacancy came up. “There was a search. We interviewed many very experienced CEOs. I was not on that list,” she says. “I didn’t raise my hand for that.” It wasn’t until a year into the CEO search that Sud says, “it became clear that the strategy the company had been pursuing probably wasn’t the right one.” Read more: https://lnkd.in/eHp7cGg6
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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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Victoria Slivkoff
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Updates
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"This is the worst sort of event that can happen in that environment, and I deeply worry that this presages much more political violence and social instability to come."
Trump assassination attempt makes election win more likely, and Americans' willingness to use political violence may be highest since Civil War, Ian Bremmer says
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Fortune reposted this
Fortune #BrainstormTech is almost here 🔜🔜🔜
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Michelle Wahler just dropped off her kid at college. At least that’s how she describes the decision to step back from her company, Beyond Yoga, after 18 years of running the business. Wahler joined the brand’s first founder, Jodi Guber Brufsky, to bring a vision for size-inclusive activewear to life in 2005 and sold the brand to Levi Strauss in a buzzy acquisition in 2021. The $400 million deal was the $6.2 billion denim-maker’s entry into the activewear category and a way to reach more female shoppers. Wahler stayed with the brand through the acquisition and stepped down in early 2024; her successor is Nancy Green, the former CEO of Athleta. “It’s different than I expected. And it’s been more emotional than I expected,” she says of her decision to leave the business in her first interview since stepping down. Read more from Fortune Most Powerful Women: https://lnkd.in/efFQ62F9
Beyond Yoga $400M sale to Levi's began with cold LinkedIn message
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The hustle is back in style. In a recent 2,300-person survey, more than one in three U.S. adult respondents (36%) told Bankrate they have a side hustle. The side-hustle craze is only becoming more lucrative. In 2023, extra work aside from one’s primary income resulted in an extra $810 per month; this year, it’s up to $891. Not everyone is equally invested in the practice Read more: https://lnkd.in/e5GuuqSz
More than 1 in 3 Americans have a side hustle, but they’re spending that extra cash right away. Financial experts say that’s the wrong approach.
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You’ve seen the Mighty Patch before. The tiny, translucent disks are increasingly adorning the faces of Gen Z and millennials when a pimple appears, and over 1 billion of the brand’s signature hydrocolloid patches have sold thus far. Manufacturer Hero Cosmetics also recently netted a partnership with content creator Alix Earle. Founder and CEO Ju Rhyu told Fortune she came up with the idea for the brand while living as an expat in South Korea while working for Samsung in 2012. At the time, only two types of hydrocolloid patches existed in K-Beauty: medical and cosmetic-oriented. The entrepreneur wanted to bridge the gap and bring pimple patches to the U.S., seeing an opportunity in the $3.9 billion K-Beauty industry. So in 2017, when she was 37 years old, Rhyu launched her brand along with cofounders Dwight Lee and Andrew Lee, capitalizing on their corporate expertise and a cool $50,000 the trio had pooled together. Read more: https://lnkd.in/enPnx2kP
The Mighty Patch sold out in 90 days, an 'accident' is how it's founder unlocked Amazon Prime
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Donald Trump’s campaign said in a statement that he was “fine” after being whisked off the stage at a rally in Butler, Pennsylvania after apparent gunshots rang through the crowd. “President Trump thanks law enforcement and first responders for their quick action during this heinous act,” spokesman Steven Cheung said in a statement. “He is fine and is being checked out at a local medical facility. More details will follow.” The Secret Service said in a statement that “the former President is safe.” Read more: https://lnkd.in/eF9QxQTg
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Before last week, few people outside of Hollywood had heard of David Ellison, former actor, life-long aviation enthusiast, film producer, and, notably, son of billionaire Oracle founder Larry Ellison. Just a few days ago, however, the 41-year-old’s company Skydance Media clinched a $8 billion deal to buy and merge with the struggling film and television company Paramount Global. Now, Ellison is a mogul-in-waiting and the latest member in the growing club of nepo CEOs. The concept of nepotism has been with us since the mid-17th Century, when Italian Catholic popes began giving their nephews, or nipote, high-ranking church positions strictly because of familial ties. Even now, it’s a practice humans can’t seem to shake. But nepo babies are everywhere, including at the helm of large public companies, where they can be judged harshly. Read more: https://lnkd.in/e8pJ7nVk
David Ellison's Paramount merger cements the era of the 'nepo CEO'
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While Americans are already burdened with massive student loan debts that will take decades to pay off as the cost of education continues to grow, schools have been hiking tuition. But a report from Fitch Ratings said recent increases at private colleges and universities still weren’t enough to keep pace with rising expenses. Last fiscal year, the median adjusted operating margin fell to its lowest point in over a decade, according to the ratings agency. That’s even as schools’ investment levels and support from their endowments was relatively steady. And the outlook doesn’t appear any better. Read more: https://lnkd.in/esv4qP4n
College isn’t just expensive for students, it’s also expensive for colleges—and the squeeze is worsening for private schools
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Fortune reposted this
Fortune #BrainstormTech is almost here 🔜🔜🔜
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