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CFO pay surged 8% last year—and long-term incentives now account for 63% of the average package
Good morning. CFO pay is rising but not in the way you might expect. New data from Compensation Advisory Partners (CAP), exclusively shared with CFO Daily, examines 140 large companies with at least $5 billion in revenue and a median revenue of $15.6 billion. While CFOs continue to gain influence, their compensation remains closely tied…
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OpenAI’s balance sheet remains the most mysterious—and consequential—in business
OpenAI’s balance sheet leaked, and it’s hard to know what to think. A combination of blogger Ed Zitron and the Financial Times reported that OpenAI’s 2025 financials look, well, pretty rough. A few key (reported) numbers to turn over in your head: In 2025, OpenAI’s revenue came out to $13.07 billion, up from $3.7 billion…
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TIAA CEO Thasunda Brown Duckett is undertaking a retirement revolution—with $1.5 trillion to back it up
In today’s CEO Daily: A sit-down with TIAA CEO Thasunda Brown Duckett The big leadership story: Robinhood slashes jobs to avoid being a ‘heavily-layered’ organization. The markets: Mostly up as investors await the Federal Reserve’s rate decision. Plus: All the news and watercooler chat from Fortune. Good morning. Fortune Editor-in-Chief Alyson Shontell writing from New…
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Decision on Anthropic’s Fable and Mythos models means the U.S. has a licensing regime for frontier AI—it just doesn’t want to admit it
Hello and welcome to Eye on AI. In this edition…Anthropic scrambles to try to reverse U.S. export controls on its Fable and Mythos models…the U.S. government decision on Anthropic’s models causes panic in Europe over AI sovereignty and delight among China’s open source AI developers…OpenAI’s finances revealed…a new benchmark shows AI agents may not be…
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U.S.-Iran interim deal: What could a Gulf bounce back look like?
In Fortune Gulf Brief today: U.S.-Iran interim deal and the Gulf’s road to recovery SpaceX’s meteoric IPO: Gulf states reap windfalls Paramount-Warner Bros. merger gets green light U.S. Private Credit firms flock to the Gulf Plus: The 3 things we enjoyed reading this week The Gulf Cooperation Council will have breathed a collective sigh of…
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CEO David Cordani built Cigna into a $275B juggernaut but now wants to be ‘somewhat forgotten’
In today’s CEO Daily: Diane Brady interviews Cigna CEO David Cordani. The big leadership story: Inside Vietnam’s fast-growing economy. The markets: Mixed globally as the Nikkei 225 touches a new intraday high. Plus: All the news and watercooler chat from Fortune. Good morning. The hardest decision for a CEO isn’t just knowing what to build.…
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This tech CEO fired 80% of his workforce over AI resistance. Here’s what he’s learned since then
Good morning! Most companies think they have an AI adoption problem. They don’t. They have an unlearning problem, according to Deloitte vice chair China Widener. “If I said to you, ‘Everything you know about making spaghetti, I need you to let go of,’ you would look at me like I was stupid,” she said. “We…
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SpaceX tokens are a bust on IPO day—but blame supply and demand, not crypto
There are IPOs, and then there is what SpaceX pulled off on Friday. The initial public offering for Elon Musk’s rocket shop didn’t just exceed previous IPOs—it blew them out of the water. SpaceX raised an eye-popping $75 billion, which is roughly triple what the previous record holder, Saudi Arabia’s Aramco, pulled in during its…
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The SpaceX IPO marks a lopsided win for venture
SpaceX’s IPO may be a real win for venture, but it’s a deeply skewed win. “It’s a huge win for VC firms,” Kyle Stanford, PitchBook director of U.S. venture capital research, told me on Friday. “It’s a concentrated win, but the sentiment is that everyone can say: ‘VC is still creating these returns.’ Now, you…
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Trump says U.S.-Iran peace deal is done, but hard questions still loom
In today’s CEO Daily: The pros and cons of the U.S.-Iran peace deal. The big leadership story: A warning from Amazon’s CEO triggered the Mythos shutdown. The markets: Stocks rally globally on news of the truce. Plus: All the news and watercooler chat from Fortune. Good morning. The U.S.-Iran peace deal is “now complete,” President…