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Inside the First Year as a CEO - (No paywall) CEO performance reverberates well beyond the corner office, affecting everyone from employees to shareholders, governments to business partners. Getting a good start is critically important to medium- and long-term success, for both the CEO and the organization. But how can newly appointed CEOs succeed when the role is so different from any they’ve held before? Russell Reynolds Associates conducted a study to better understand this pivotal time in a CEO’s journey, looking closely at what new CEOs focus on, what surprises them during their transitions, and what regrets they have. CEOs who have gotten off to a good start offer plenty of lessons for successfully planning, executing, and navigating the transition.
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WorkSubscribe to read - FT (No paywall)
 Once registered, you can:• Read this article and many more, free for 30 days with no card details required• Enjoy 8 thought-provoking articles a day chosen for you by senior editors• Download the award-winning FT Edit app to access audio, saved articles and more WorkCheap fixes could help 450m people stand taller and think quicker - The Economist (No paywall)
THE FIRST 1,000 days after conception are known as the “golden window”. During this time brains and bodies develop faster than at any other point—connections form between neurons that will affect a child’s future IQ and bones grow to determine their future height. Malnutrition in these early years can wreak irreversible damage. The most visible sign of a lack of essential nutrients is stunting, when a child is much shorter than they should be for their age. Globally, 22% of children under five are stunted. But our analysis shows that doubling the pace at which stunting rates are currently falling could help bring the figure down to just 4% by 2050.
WorkInside the unrest disfiguring English cities - The Economist (No paywall)
Britain’s police knew they were in for a difficult weekend. On July 29th three children were murdered in a dance class in Southport. False rumours that their killer had been Muslim and an illegal immigrant who had arrived in a small boat quickly spread across the internet, leading to a riot in the northern town on the following day, as well as violence in London, Hartlepool and elsewhere. Sir Keir Starmer, Britain’s prime minister, decried the unrest as the work of a “tiny, mindless minority” of “thugs” on the “far right”. Further demonstrations across English cities on August 3rd reinforced that verdict but also revealed a wider, inchoate sense of grievance. Work
WorkWorkMorning Rounds: Another Ebola outbreak? - STAT (No paywall)
From STAT’s Helen Branswell: The Democratic Republic of the Congo may have another Ebola outbreak on its hands. The World Health Organization told STAT it has been informed of seven suspected cases in Bas-Uélé, in a remote and difficult-to-access province in north-central DRC, along the border with the Central African Republic. Of the seven, five have died. If this is confirmed to be Ebola, it would be the country’s 16th known outbreak and the 10th in the past decade.
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WorkWork WorkWorkWorkWill Anything at All Happen With Trump's January 6 Case Before the Election? - Intelligencer (No paywall)
The U.S Supreme Court’s momentous decision on presidential immunity is continuing to change the landscape of Donald Trump’s pending legal cases. On Thursday, special counsel Jack Smith requested a three-week delay in the federal government’s 2020 election-subversion case, pushing any potential movement on the matter to September. It was already all but certain that a trial wouldn’t take place prior to the November election. WorkNASA asteroid-hunting telescope to burn up in atmosphere
The NEOWISE (Near-Earth Object Wide-field Infrared Survey Explorer) mission has been using a space telescope to spot asteroids and comets flying around our solar system since 2009 but engineers commanded the spacecraft to turn its transmitter off for the last time Thursday, NASA has stated. WorkAdvertisers aren't buying what X is selling. Is that a crime?
This week, Musk’s social media company X (formerly Twitter) filed an eyebrow-raising lawsuit against an advertising industry group and several major brands, including Unilever (maker of Dove soap), Mars Inc. (maker of lots of candy), and CVS. It argues that the companies coordinated an advertising boycott against X that not only led to “massive economic harm,” but even violated antitrust law because they colluded to specifically target X, making it less competitive in selling digital ads. WorkYou need a budget. But do you really need to pay for one?
There’s never a bad time to think about budgeting your money, but one could argue that the week of a stock market meltdown and renewed anxiety of a recession is the best time. That’s where we are this week. So let’s talk about budgeting. WorkOne startup's plan to fix AI's "shoplifting" problem
CNMN Collection WIRED Media Group © 2024 Condé Nast. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Ars Technica Addendum. Ars may earn compensation on sales from links on this site. Read our affiliate link policy.Your California Privacy Rights | Do Not Sell My Personal Information The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast.Ad Choices WorkGood Luck Selling Your AI Startup - WIRED (No paywall)
There is no wilder time than the present to build a company around artificial intelligence. The server bills are astronomical, for one. Also, the market for talent is red hot, and you’ll end up paying through the nose for good people. Even if you do get funding, staff up, get the product off the ground, and start making headway in a crowded field, there’s the specter of Big Tech looming overhead. The hyper-carnivorous raptors of Silicon Valley—Google, Apple, Amazon, and Meta—will fix their steely eyes on the plump prey of your best employees and your intellectual property. WorkFormer Twitter Board Member Sues Elon Musk's X For $20 Million in Pay
The former top executives have accused Mr. Musk of withholding severance payments that they said were automatically owed when he acquired the company. After the takeover, Mr. Musk laid off thousands of employees en masse and offered limited severance, which the former employees have argued was less than what they were due under their employment contracts. WorkPassenger Plane Crashes in Brazil, Killing 61 Onboard
The plane, an ATR 72, had all systems operating correctly when it took off, the airline said. The pilots did not signal any emergency, officials said. The aircraft, a twin-engine turboprop plane, was built in 2010 and was in compliance with Brazilian regulations, they added. WorkWorkWorkWorkWorkCisco Paring Thousands of Jobs in New Cutbacks, Reuters Says
Over the longer term, Chief Executive Officer Chuck Robbins has been trying to transform Cisco into a provider of networking services and software — rather than a company focused on one-time sales of hardware. It also looks to capitalize more on the AI boom that has fueled sales for companies like Nvidia Corp. WorkWorkExclusive-Cisco to lay off thousands more in second job cut this year, sources say
The company has been trying to incorporate AI products in its offerings and in May reiterated its target of $1 billion worth of AI product orders in 2025. In June, it launched a $1-billion fund to make investments in AI startups such as Cohere, Mistral AI and Scale AI. The company said at the time it had made 20 AI-focused acquisitions and investments in the last several years. WorkWorkExclusive: Netanyahu at War
For the past 10 months, Benjamin Netanyahu has refused to apologize for leaving Israel vulnerable to Hamas’ Oct. 7 terrorist attack. After the deaths of 1,200 people and the abduction of hundreds more, a traumatized Israeli public heard abject admissions of responsibility from the heads of the Israel Defense Forces and Shin Bet, the country’s domestic security service, but none from Netanyahu, who had been Prime Minister for almost a year when the attack happened, and had presided over a more than 10-year strategy of tacit acceptance of Hamas rule in Gaza. His only apology was for a social media post blaming his own security chiefs for failing to foil the assault. So, early in a 66-minute conversation with TIME on Aug. 4 in the Prime Minister’s office in Jerusalem, the question is, Would he make an apology? WorkHow the Harris-Walz Camo Hats Became a Viral Hit
The hottest accessory of the summer (and possibly the year) arrived on Tuesday night with the first drop of merchandise for Kamala Harris and Tim Walz, just hours after the Vice President announced the Minnesota governor as her running mate. Amid understated T-shirts and mugs in shades of navy blue and white in the official online shop was a bold offering: a $40, union-made woodsman camouflage cap with the campaign’s logo emblazoned in bright orange. The product description confidently declared it “the most iconic political hat in America,”a bold claim given how synonymous red MAGA hats have become with Donald Trump and his ideology. WorkA Financial Tale of Two Potential Vice Presidents
Mr. Vance, former President Donald J. Trump’s running mate, has been campaigning this week in the same states as Ms. Harris and Mr. Walz. Luke Schroeder, a spokesman for Mr. Vance, said the senator “earned his own success.” He continued: “Tim Walz knows better. His insult of Senator Vance is an insult to every American who has worked hard to overcome adversity.” WorkBiden Promised Peace, but Will Leave His Successor a Nation Entangled in War
“War will be a key part of Biden’s legacy,” said Stephen Wertheim, a senior fellow at the Carnegie Endowment for International Peace. “What’s hard to wrap one’s head around is that, although the United States is not directly involved in the wars in Ukraine or Gaza, the risks of large-scale conflict have become higher over the course of Biden’s presidency.” WorkHarris Fights Uphill Against Trump in Arizona, Backed by a Revived Party
Mr. Trump and his allies have hammered Ms. Harris on immigration, highlighting her previous statements that “an undocumented immigrant is not a criminal” to portray her as soft on the border. They have castigated her as the “border czar,” though Mr. Biden gave her the responsibility of solving the “root causes” of migration from Central America, rather than dealing with problems at the southern border. WorkCan This Woman Save the United States?
Ms. Gibbs, 62, works in Washington at a private foundation where her primary focus is eradicating genital cutting of women. Between that and her advocacy for the ship, she noted, “People must be so confused by my social media presence.” WorkAnother set of American Airlines flight attendants are weighing a strike
A work stoppage by the PSA flight attendants would not be the first time that American has dealt with a strike threat this summer. For months, flight attendants at the company’s main division (represented by a different union, the Association of Professional Flight Attendants) sought to be released from federally mandated and mediated bargaining sessions in order to improve the offers they were getting from the other side of the table. They eventually got a deal without having to walk off the job. WorkWorkAI founders play musical chairs | TechCrunch
Thursday seeks to shake up conventional online dating in a crowded market. The app, which recently expanded to San Francisco, fosters intentional dating by restricting user access to Thursdays. At… WorkSee why this California neighborhood was nicknamed Billionaires' Bluff
Film producer Byron Allen purchased an eight bedroom, 12 bathroom Paradise Cove estate from businesswoman Tamara Hughes Gustavson in 2022. When Allen paid $100 million for the property it was the most expensive real estate purchase ever made by a Black American in the United States, according to the Hollywood Reporter. WorkJPMorgan Chase staff are getting a new AI assistant -- powered by OpenAI
And Bank of America, the second-largest U.S. bank by assets, is directing $4 billion to new technology initiatives, including AI, in 2024. The bank’s virtual assistant, Erica, reached 2 billion interactions in April, with bank clients engaging with it approximately two million times per day. WorkHargreaves Lansdown: What is happening with the takeover deal?
They added: \"The consortium brings extensive experience in supporting businesses undergoing transformation, and its members have long records of investing in regulated financial services companies to build better businesses and create better customer experiences.\" WorkWall Street on Edge After a Week of Wild Swings
Earnings reports due this month from bellwethers like Walmart will also give hints about the strength of the consumer underpinning the economy, while results from the chipmaker Nvidia will be pivotal given the influence of tech giants over the S&P 500. WorkWhat to Know About Online Paycheck Advances and Why They Face Scrutiny
Some services may offer the advances free of charge, the consumer bureau said in a report accompanying its proposed rule. But often, the advances are free only if the worker agrees to wait a few days for the money. If workers want the funds right away — which they typically do — they must pay a fee for “instant” access. WorkF.D.A. Declines to Approve MDMA Therapy, Seeking More Study
But the agency’s decision had not been entirely unexpected, after a group of independent experts convened by the F.D.A. to evaluate Lykos’s data met in June and rejected the company’s application. With regard to two central questions, the experts voted overwhelmingly that the company had not proven the treatment was effective, and that its benefits did not outweigh the risks. WorkStellantis Will Lay Off Up to 2,450 at Michigan Truck Plant
The layoffs are related to a planned transition to a new version of the Ram pickup that is just going into production at a plant in Sterling Heights, Mich. The Warren plant will continue making an older version of the truck on one shift, the company said on Friday, adding that the actual number of workers affected will probably be lower than the 2,450 noted in a report to the state of Michigan. |
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