Business
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How Amex CEO Stephen Squeri is winning over younger customers
Good morning. For the past eight years, Stephen Squeri has served as CEO of American Express, but he built his entire career, more than 40 years, inside the company. In a new Fortune feature, my colleague Shawn Tully provides an in-depth and deeply entertaining profile of Squeri. The Bronx outsider—who was told he’d never be
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Qualcomm CEO Cristiano Amon thinks your relationship to your devices is about to change
In today’s CEO Daily: Qualcomm CEO on the future of AI-first devices. The big leadership story: The quiet engineer-CEO building Anduril, a $31 billion weapons startup The markets: A global rally is underway on reports of the U.S. and Iran nearing a peace deal. Plus: All the news and watercooler chat from Fortune. Good morning.
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84% of S&P 500 companies have beaten earnings estimates this quarter—and these two words keep coming up
Good morning. Corporate earnings are coming in stronger than expected, but S&P 500 executives are still choosing their words carefully. We’re about two-thirds of the way through Q1 earnings season, and several themes are emerging from earnings calls, from AI and revenue beats to geopolitical risk and oil prices. FactSet has released its latest update,
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Gen Z workers say showing up 10 minutes late to work is as good as on time—but baby boomer bosses have zero tolerance for tardiness, research reveals
Chances are, how you feel about running 10 minutes late at work is a good indicator of how old you are. While it may be a sign of disrespect among baby boomers, Gen Zers don’t see the big deal. In fact, according to 2024 research, the youngest generation of workers believes 10 minutes late is
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A jittery CEO crowd at Milken looks abroad for growth—and answers
In today’s CEO Daily: Diane Brady takes the temperature at Milken. The big leadership story: GameStop CEO Ryan Cohen’s bid for eBay would upend its nascent turnaround. The markets: Mixed as investors digest new developments in the Iran conflict. Plus: All the news and watercooler chat from Fortune. Good morning from the Milken Institute Global
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Nearly 4 in 10 job candidates have bailed on a hiring round because it required an AI interview
Good morning! Workers are worried about AI taking their jobs—and it turns out they hate it when AI is involved in their screenings for roles, too. Now, virtual avatars and chatbots have made their way into interview rounds, and it’s triggering some candidates to drop out of the running altogether. Around 63% of U.S. job-seekers
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Spirit Airlines’ shutdown is a case study in what happens when a turnaround plan breaks
Good morning. After 34 years in operation, Spirit Airlines is shutting down. Its parent company, Spirit Aviation Holdings, announced Saturday that it had begun an orderly wind-down and canceled all flights. The company said the decision followed unsuccessful efforts to restructure the business, raise capital, and pursue transactions that could strengthen its financial position. It
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Occidental Petroleum’s CEO transition puts a spotlight on the foreign post advantage
Occidental Petroleum’s next chief executive began his career far from the Houston headquarters. On May 1, Occidental announced that COO Richard Jackson will succeed Vicki Hollub as CEO upon her retirement in June. Hollub, who became CEO in 2016, was the first woman to lead a major U.S. oil company, a landmark appointment in an
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How Twilio CEO Khozema Shipchandler is turning the company around and beating SaaSpocalypse fears
In today’s CEO Daily: Twilio’s CEO on how he brought the company out of a ‘time of real peril’ The big leadership story: Why the U.S. cares about Panama, Gibraltar, and Malacca The markets: A stellar day on the markets as semiconductor and AI stocks surge Plus: All the news and watercooler chat from Fortune.
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CEO writes hundreds of thank you notes to staff and still eats in the break room—which ‘always, for whatever reason, blows new employees away’
In an era of AI avatars and digital overload, something as simple as a handwritten note can feel like a relic of the past. In fact, many Gen Zers can’t even read cursive. But for First Watch CEO Chris Tomasso, old-fashioned notes of appreciation are a ritual. The leader of the over $1 billion-a-year in