Leadership
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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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Companies are abandoning ‘peanut butter’ raises as pay-for-performance takes over the workplace in the AI era
The hype around so-called “peanut butter” raises that distribute equal payments to every worker is falling flat as AI divides the workplace into super users and stragglers. Companies have given out raises based on performance for years, but studies from earlier this year suggested this trend was shifting. About 44% of employers said they either
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Match Group’s CEO revived a shuttered Tinder internship program for Gen Z—and received over 30,000 applications for just 27 spots
Gen Zers are up against a dire job market as companies slim their headcounts and entry-level opportunities dry up in the wake of AI. However, Match Group CEO Spencer Rascoff is breaking from the pack and betting on early-career talent. Shortly after assuming the dating empire’s top job last February, the chief executive revived a
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Ford CEO says his Gen Z son is choosing hands-on work: ‘He feels like that’s more fulfilling than doing summer school at some fancy college’
Jim Farley has one of the most recognizable names in American business. But when it comes to the question millions of parents are quietly asking around the dinner table—is college really worth it?—Ford’s CEO says his own household is no exception. In an exclusive interview with Fortune, Farley revealed that his son has chosen to
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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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Airbnb CEO Brian Chesky warns two types of people won’t survive the AI era: ‘pure people managers’ and workers who resist change
Tech leaders have spent the past few years warning workers that AI will threaten every single job, from computer programming and customer service to law and finance. But according to Airbnb CEO Brian Chesky, the biggest risk to professionals isn’t the technology itself—it’s refusing to evolve alongside it. And in his view, there are two
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Mark Zuckerberg once gave a Facebook engineer startup advice at 2 a.m. while ‘hanging out with all the interns’—she quit and raised millions after
When Sophie Novati landed her first job as an engineering intern at Facebook in 2011, the social media giant was firmly in its “move fast and break things” era. “The energy was buzzing early Facebook,” the now-tech entrepreneur recalls to Fortune. “There were so many people just trying to build and ship cool stuff.” “It
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Here are the best hiring hotspots for recent graduates—cities in the Midwest and South are even outpacing career hubs like New York City
Graduation season is in full swing, and millions of budding professionals across America are turning their tassels and setting out to land their first full-time gigs. Growing Midwest and Southern cities are outshining hubs like New York and L.A. as the best destinations for new workers. Birmingham-Hoover, Alabama, is the top U.S. metropolitan area for
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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