C-Suite
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Mining CEO worth $24 billion nearly drowned and had to break his own leg in a freak hiking accident—he used the recovery time to go back to school
It was late 2015 when Fortescue CEO Andrew Forrest was hiking through a remote region of Australia known as the Kimberley, and slipped into a gorge. The freak accident left Forrest, the founder and chairman of the metals giant, facing many months of recovery, and prevented him from running his $56 billion mining company. Fortescue’s leadership…
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Meet the former Goldman Sachs exec who became the America’s Cup Partnership’s first CEO and is running the 175-year-old trophy like a startup
On July 4th weekend, the America’s Cup—sailing’s oldest trophy, first won by a New York yacht in 1851—returned to the Hudson River for the first time in nearly two centuries. The Italian Navy’s historic 1931 tall ship, the Amerigo Vespucci, known internationally as “the most beautiful ship in the world,” carried the Cup to New…
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How the company behind Coach and Kate Spade decides what belongs in its portfolio
The lines between the CFO and COO are increasingly blurring. Scott Roe sits squarely at that intersection at Tapestry, the parent company of Coach and Kate Spade, and (until its recent sale) Stuart Weitzman, overseeing both capital allocation and day-to-day operations. His dual role suggests how Tapestry thinks about strategy: investing in the portfolio and…
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Apple’s next CEO will oversee a $4 trillion tech giant, but isn’t on LinkedIn. Can today’s leaders still skip social media?
Apple’s incoming CEO doesn’t have a single post on his LinkedIn feed, and his profile is nearly blank. John Ternus, Apple’s hardware chief and a longtime company veteran, is set to take the reins of one of the world’s most admired companies on Sept. 1, succeeding Tim Cook. The outgoing CEO will become executive chairman…
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As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test
Companies say they want collaboration. Then comes CEO succession, when the rules seem to change. JPMorgan Chase last week elevated Doug Petno and Troy Rohrbaugh to co-presidents, setting up a direct contest to succeed CEO Jamie Dimon. In doing so, the bank embraced a strategy that many of the world’s biggest companies still rely on…
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‘Don’t look at the résumé’: Elon Musk admits he’s ‘fallen prey’ to flashy credentials and says conversation matters most when hiring
In the race for tech dominance, finding the right workers isn’t so simple, says trilllionaire CEO Elon Musk. Musk is known for his micromanagement leadership style (which he has jokingly referred to as nanomanagement), and hiring is no different. In the early years of building SpaceX, he interviewed the first few thousand employees, before he…
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Fortune 500 bosses demanding staff return to the office share one trait: narcissism, research finds
CEOs have offered many different reasons for calling workers back into the office—despite research that suggests working from home can be as effective, if not more effective, than in-office work. Amazon CEO Andy Jassy wrote in an RTO memo that “collaborating, brainstorming, and inventing are simpler and more effective” in person, and that “teaching and…
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CEO of $8 billion Flexport blasts remote work as ‘white-collar fraud’ and a ‘total fantasy’ for highly paid employees
The CEO of an $8 billion logistics company that thrived during the pandemic is reviving the debate about remote work with a controversial take that has some calling him out online. Ryan Petersen, the founder and CEO of Flexport, said on the Twenty Minute VC podcast this week that remote work is “white collar fraud,”…
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Inside Nasdaq CFO Sarah Youngwood’s AI playbook
Sarah Youngwood has a ranking system for artificial intelligence—and it has nothing to do with algorithms. Inside Nasdaq’s finance function, employees now earn belts for AI proficiency the way martial artists do: white belts for foundational knowledge, advancing through levels that require hands-on delivery and the ability to teach others. Youngwood has mandated that everyone…
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AI is turning CMOs into some of the most powerful executives in business
I’m writing this week’s newsletter from the Cannes Lions International Festival of Creativity, where Fortune will spend the week covering the forces reshaping how companies connect with consumers. One thing has become increasingly clear: As AI transforms how consumers discover, evaluate, and buy products, today’s CMOs are emerging as some of the most consequential leaders…