good morning.
I have complained many times in this column about the inability of American politicians to work together beyond narrow partisan interests to pass legislation that is in the public interest. So it will be interesting to see when they act. And this weekend, they acted, with the House passing aid packages for Ukraine, Israel, and Taiwan. (The Senate is expected to pass it as soon as Tuesday.) Kudos to all four congressional leaders, especially House Speaker Mike Johnson, who could lose his job as a result. This is how government should work. As Johnson himself pointed out, if he can't do what he (and most MPs) believes is right, he doesn't deserve the job.
Meanwhile, here are some more encouraging words about why CEOs have been sending me messages over the past few weeks. luck It's important to them. Thank you to everyone. Also, a special thank you to Joe Ucuzoglu and the folks at Deloitte who have been enthusiastic sponsors of this newsletter for 10 years.
“Fortune's The role of the business world, and broader society, has never been more important. We live in a difficult world where it is becoming increasingly difficult to reach agreement on basic facts, much less on practical solutions that involve difficult trade-offs. I am… luck has emerged as one of the very few institutions with the broad credibility needed to chart a path forward on big issues. Thank you for your exemplary leadership. ”
—Joe Ukuzoglu, Deloitte Global CEO
“Fortune represents a compass to the future, providing insights that drive not only economic growth but meaningful social progress.
Whether it’s the power of innovation, artificial intelligence or sustainability. luck It determines not just how you view your business landscape, but how you navigate your business landscape. In today's fast-paced world, luck This book stands out for providing a clear vision of how technology, ethics, and business intersect, making it a must-read for leaders looking to positively impact society. ”
—Kristin Peck, Zoetis CEO
“For years, I've thought that luck Gain insight into everything from today's headlines to tomorrow's trends. The company's evolution and expansion has matched Target's growth over the past decade. luck Both companies are trusted resources as we pursue the next horizon of innovation and growth. ”
—Brian Cornell, Target CEO
“I started reading fortune magazine When I was younger, I admired their storytelling and, of course, followed the prestigious Fortune 500 list. For decades, Fortune Media continues to transform itself to meet changing business needs and stay ahead of the curve, providing multimedia services including websites, print magazines, newsletters, audio podcasts and videos, conferences, and other connections. We have been providing content and global perspectives through our platform. . By challenging yourself and continually reinventing yourself, you can stay relevant. luck That's exactly what I did. ”
—Seifi Ghasemi, Air Products CEO
And speaking of luck In addition to the conference, the Future of Finance event in New York will be held on May 16th. This will be a unique opportunity to explore how technology is transforming finance with top players. You can check the details and apply to participate. For inquiries, please email FutureFinance@Fortune.com.
alan murray
@alansmurray
alan.murray@fortune.com
top News
Ghost of “Winter”
The trajectories of Microsoft and Intel, two technology giants who lost their way in the 2000s and 2010s, offer important lessons about how to bounce back from mistakes, writes luckJeff Colvin. Microsoft's return to being the world's most valuable company under CEO Satya Nadella illustrates the importance of embracing new business models and getting everyone on the same page quickly. Intel CEO Pat Gelsinger is now trying to apply the same lessons to Intel in an effort to catch up with TSMC. luck
nike stumbles
Nike CEO John Donahue is rolling back some of his strategy after declining sales. The sportswear company made a big bet on digital sales during the pandemic. Now, they're turning back to traditional retailers like Foot Locker to help move unsold inventory. Former executives also accused the company of forgetting its traditional strategy of serving avid athletes first and allowing new brands like Hoka to fill gaps in the market. wall street journal
neutral ground
Singapore's government has held top-level briefings for international banks to ensure the city-state remains a stable place to do business amid U.S.-China tensions. The press conference, led by the Coordinating Minister for National Security, sought to assure executives that Singapore was “not neutral, but friendly” towards the United States and China, attendees said. . financial times
around the water cooler
Former top diplomat says investors need to buckle up because this is the most dangerous period since the end of World War II Written by Jason Marr
Lawsuit against work friend: Office changed.Maybe it's time for our relationship to be like that too. Written by Trey Williams
Samsung tells executives to work six days a week to 'instill a sense of crisis' after posting worst financial results in 10 years Written by Oriana Rosa Royle
At nearly 90 years old, designer Giorgio Armani has kept his legacy alive and independent. Now he's open to adapting: “I don't think anything can be ruled out.” Written by Pratana Prakash
Nobel Prize winner Esther Duflo proposes taxing 3,000 billionaires to protect the world's poorest people from climate change, a plan most Americans may agree to. Highly sexual Written by Sunny Nagpaul
At least five companies controlled by Elon Musk billed each other about $9 million in expenses. Written by Amanda Gelt
THis edition of CEO Daily is curated by Nicholas Gordon.
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