Uber CEO Dara Khosrowshahi says the company is too dependent on him. And that makes him nervous. At the Code Conference in Rancho Palos Verdes, Calif., on May 30, Recode’s Kara Swisher asked the tech executive, “What’s the thing that scares you the most, right now, as CEO?” “What scares me the most is that […]
Read moreWarren Buffett and Jamie Dimon want companies to get away from a short-term approach to management and are therefore suggesting they ditch quarterly financial forecasts. But quarterly guidance — which only 28 percent of companies offered in 2016 — is only part of the problem. The bigger problem for boards and CEOs is a fear […]
Read moreJonathan Bush's goodbye memo to Athenahealth showed insight Silicon Valley founders could learn from
AthenaHealth co-founder and CEO Jonathan Bush announced this week that he’d step down amidst a takeover battle. In his goodbye memo to employees, he acknowledged his own obsolescence — a refreshingly rare point of view in tech circles, where company founders are often viewed as indispensable. As he put it, “the very things that made […]
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THE International Air Transport Association (IATA), a trade association for airlines, was founded in 1945 to promote the interests of carriers around the world. In recent years the airline cartel of old has been accused of being out of tune with the times, particularly by low-cost carriers such as Ryanair, which is Europe’s biggest. At […]
Read moreThe U.S. Department of Justice is examining how the proposed merger between T-Mobile US and Sprint could affect prices for smaller wireless operators, according to two people familiar with the matter. A T-Mobile and Sprint merger would eliminate competition between the two carriers that have been the dominant players in selling network access to wireless […]
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Apple is considered the likely winner of the $1 trillion market-cap crown. One technician has a bullish call for an Amazon breakout that could push the e-commerce giant above that level, too. “Amazon, quite frankly, is in an outstanding technical and fundamental position. It is a two-way star. It is Shohei Ohtani. It pitches and […]
Read moreThere won’t be another recession until at least 2021, Wall Street veteran Byron Wien told CNBC on Thursday, betting the current economic expansion would last longer than what a group of top business economists recently predicted. “There isn’t a recession in sight,” Wien, a vice chairman at Blackstone, said in a “Squawk on the Street” […]
Read moreEncrypted messaging services are an increasingly common way for users to keep their text messages private. Now, they could play a role in special counsel Robert Mueller’s Russia probe. CNBC reported on Wednesday that Mueller’s team is requesting that witnesses turn in their personal phones to inspect their encrypted messagingprograms and potentially view conversations between […]
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Shares of Procter & Gamble rose 2 percent Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction. “It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G could improve its business with measures such as reorganizing the company into three autonomous units, […]
Read moreTrian Partners’ Nelson Peltz praised President Donald Trump on Thursday for his tough stance on trade. “The president is doing some really brave things,” Peltz said at The Deal conference in New York City, run by CNBC’s “Mad Money” host Jim Cramer. The Trump administration is pushing several countries on trade, including China, where it […]
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