C-Suite
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Job-hopping is now the fastest path to becoming a CEO—and company loyalty may actually hold you back
When Elliott Hill stepped out of retirement two years ago to take the top job at Nike, his LinkedIn profile had a viral moment. The new CEO had spent his entire career at the sports apparel company, starting as an intern in the 1980s before climbing the corporate ladder as high as it goes. That
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Why Amex’s CEO scrapped a bonus system that made executives compete for cash
At American Express, the old bonus season had a predictable rhythm. Business-unit chiefs came into the year ready to make their case, defend their turf, and grab as much investment capital as they could. The logic was simple: Grow your own kingdom faster than the others, and your reward got bigger. The system was meant
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‘I lost more money than anybody in the history of capitalism!’: Remembering Ted Turner
Ted Turner, who died this Wednesday at 87, didn’t do anything halfway. In October of 2006, I got to spend a memorable evening alongside Ted Turner at the opening of his Ted’s Montana Grill Restaurant in midtown Manhattan. I was invited as a “plus-one” by close friend and fellow Fortune writer Pattie Sellers, who’d profiled
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‘If he tells you he can beat me, I’ll sue!’: Inside the $9 billion friendship between the CEOs of Amex and Delta
One of the biggest successes in credit card history was cemented over a giant steak. It was early in COVID and American Express CEO Stephen Squeri—who had unexpectedly been named to the top job in 2016 (read the story of how, here)—was meeting with Delta CEO Ed Bastian in Atlanta to talk through the terms
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eBay bans GameStop CEO’s account after he started listing store signs and old carpets to fund his $56 billion offer to buy the marketplace
Apparently every dollar counts in GameStop’s $56 billion effort to acquire eBay. GameStop’s CEO, Ryan Cohen, already has a $20 billion financing commitmentfrom TD Bank to put toward the acquisition, but questions remain about how the rest of the deal will be funded given GameStop’s market cap is only about $11 billion. On Wednesday, Cohen
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At 75, Ted Turner told Fortune he gave himself 5 more years. He got 12—and spent them warning the world was ending
Ted Turner was never one to soften a forecast, even when the subject was himself. “At 75, how much longer will I live? Till 80 maybe?” the CNN founder told Fortune‘s Pattie Sellers in a wide-ranging 2013 interview marking his 75th birthday. When Sellers pushed back—why not 90?—Turner allowed it was “a possibility,” but said
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Inside Home Depot’s marketing playbook: weather signals, influencers, and an app to drive bigger baskets
Molly Battin, Home Depot’s chief marketing officer, oversees far more than advertising. Product sits within her organization as a shared function across marketing and technology, giving her influence over the digital tools customers use to search for products, plan projects, and shop through the app. At Home Depot, the path to purchase often begins there—on
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Salesforce CEO Marc Benioff turned his earnings call into a vodcast. Why other Fortune 500 CEOs might follow
All the world’s a stage. Now that’s even true of the usually dull quarterly earnings call. In February, Salesforce founder and co-CEO Marc Benioff turned his routine fourth-quarter earnings call into an influencer-style production. Clad in a black leather jacket and seated high above San Francisco in the Salesforce Tower, Benioff streamed his financial updates
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GameStop’s billionaire CEO is an entrepreneur without a college degree who cofounded Chewy. Now he has his sights set on buying eBay for $56 billion
GameStop CEO Ryan Cohen is a billionaire entrepreneur who is known for taking big risks. Yet, his biggest challenge may be his attempt to revive the struggling gaming retail chain. With GameStop’s unsolicited $56 billion offer to buy eBay this week, Cohen, who has an estimated net worth of $5 billion, has once again been
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GameStop wants to buy eBay for $56 billion. Wall Street has one big question
It’s easy to see why GameStop CEO Ryan Cohen wants to get his hands on eBay so much that the company is offering $56 billion to buy the e-commerce player at a 20% premium. Cohen made the unsolicited offer for eBay, which is multiple times larger than GameStop by both revenue and market capitalization, over