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☆ In Harris, business leaders tired of Biden see a potential friend
▼ + stars: | 2024-07-30 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Some business leaders and wealthy donors are hopeful that Harris will adopt more centrist policies as she outlines her agenda, especially by dialing back Biden-era antitrust crackdowns. “CEOs are wildly excited about Harris,” Jeffrey Sonnenfeld, founder and president of the Yale Chief Executive Leadership Institute, told CNN in a phone interview. Sonnenfeld pointed to confidence that Harris will protect the rule of law and hopes for recalibrated trade, regulatory and tax policies. Meanwhile, Harris, somewhat of an unknown commodity on business policy, hasn’t said much about where she stands. Another key sticking point is energy, where Trump has tried to blame the Biden-Harris administration for periods of high gas prices.

Persons: Kamala Harris, Harris, Biden, ” Jeffrey Sonnenfeld, Sonnenfeld, Lina Khan, Khan’s, hasn’t, “, ”, Greg Valliere, Democratic megadonor Reid Hoffman, Khan, Hoffman, Barry Diller, Diller, It’s, ” Diller, ‘, haven’t, PCCC, Adam Green, Harris –, ” Green, Lina Khan –, ” Sonnenfeld, “ It’s, Douglas Farrar, Donald Trump, Joe Biden, Trump, ” Trump, “ You’re, Lauren Hitt, didn’t Organizations: New, New York CNN, Biden, Big Tech, Democratic, Yale, Leadership, CNN, Federal Trade Commission, Progressives, AGF Investments, Business, Big Oil, Microsoft, FTC, “, Activision, CNBC, IAC, Progressive, Khan, Public Citizen, AFL, NAACP, Harris Administration Locations: New York, North Carolina

☆ Kamala Harris wants to be America’s first Silicon Valley president. She has tech’s support
▼ + stars: | 2024-07-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

New York CNN —With Vice President Kamala Harris the front runner to receive the Democratic Party’s nomination for president, America’s most powerful industry is set to have a candidate on the ballot from its home turf. Harris’ failed 2020 presidential bid received support from various tech luminaries, including Salesforce CEO Marc Benioff and legendary venture capitalist Ron Conway. Despite her friendly relationships with the industry’s leaders, Harris has also pushed for tech accountability in key areas. As vice president, Harris has taken a key role in the White House around establishing safety measures for artificial intelligence, which is widely viewed as the most consequential new technology in decades. In an interview with CNN, Hoffman added: “In Silicon Valley, actually there’s many threads that are very excited about her.

Persons: Kamala Harris, Harris, Sheryl Sandberg, Reed Hastings, Melinda French Gates, Donald Trump’s, Elon Musk, “ There’s, Biden, ” Aaron Levie, “, ” Harris, Sean Parker, she’s, Steve Jobs ’, Laurene Powell Jobs, Harris ’, Marc Benioff, Ron Conway, Mark Zuckerberg, ” Jeffrey Sonnenfeld, Trump Harris, Trump, ” Sonnenfeld, I’ve, didn’t, ” Levie, “ Kamala Harris, Reid Hoffman, Hoffman, …, – CNN’s Matt Egan Organizations: New, New York CNN —, Democratic, Bay Area, Netflix, White, CNN, Cambridge, OpenAI, Google, Microsoft, Yale School of Management, Trump Locations: New York, Oakland , California, California, White, Silicon Valley, Silicon

☆ Pulitzer Prize-winning Washington Post journalists call for leadership change amid publisher scrutiny
▼ + stars: | 2024-06-20 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Two Pulitzer Prize-winning journalists at The Washington Post went on the record late Wednesday, calling for leadership change at the storied newspaper as questions swirl over the integrity of its new publisher and chief executive, Will Lewis. “Will Lewis needs to step down for the good of The Post and the public,” Higham replied in a comment on Maraniss’ post. “He has lost the newsroom and will never win it back.”Spokespersons for Bezos and The Post did not immediately comment. Inside The Post’s newsroom, morale has plunged as staffers express alarm over Lewis’ conduct and worries over the future direction of the newspaper under his leadership. “Bezos must recruit an accomplished, experienced editor whom journalists admire and trust.”

Persons: Will Lewis, “, ” David Maraniss, ” Maraniss, Jeff Bezos, Lewis, ” Scott Higham, Maraniss, “ Will Lewis, ” Higham, ”, Lewis ’, Robert Winnett, Rupert Murdoch’s, David Folkenflik, ” Lewis, Bezos, ” Bezos, Jeffrey Sonnenfeld, Sonnenfeld, Katharine Graham, Ben Bradlee, Marty Baron, ” Sonnenfeld, “ Bezos Organizations: CNN, The Washington Post, The, New York Times, NPR, Post, Yale School of Management

☆ Jeff Bezos breaks his silence about turmoil at The Washington Post
▼ + stars: | 2024-06-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Jeff Bezos, the billionaire owner of The Washington Post, broke his silence Tuesday on the mounting turmoil within his newspaper, expressing support for maintaining high standards at the storied publication as questions swirl over the ethical integrity of its new publisher, Will Lewis. Bezos added in the memo, which was obtained by CNN, that “it can’t be business as usual” at The Post, which has been plagued by financial and audience woes. With your support, we’ll do that and lead this great institution into the future,” Bezos wrote. “But, as the newsroom leaders who’ve been shaping and guiding our coverage, you also know our standards at The Post have always been very high. That can’t change — and it won’t.”“You have my full commitment on maintaining the quality, ethics, and standards we all believe in,” Bezos added.

Persons: Jeff Bezos, Will Lewis, “, ” Bezos, Lewis, Bezos, Carlotta Cardana, ”, Lewis ’, Robert Winnett, Rupert Murdoch’s, David Folkenflik, ” Lewis, Jeffrey Sonnenfeld, Sonnenfeld, Katharine Graham, Ben Bradlee, Marty Baron, ” Sonnenfeld, “ Bezos Organizations: CNN, The Washington Post, The News, Bloomberg, Getty, New York Times, NPR, Post, Yale School of Management Locations: The, London

☆ Jeff Bezos is facing a dilemma as ethical questions surrounding The Washington Post publisher grow louder
▼ + stars: | 2024-06-18 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

New York CNN —Jeff Bezos has a decision to make — and it is one that will determine the future course of one of the nation’s most prestigious news organizations. Or he can side with his Pulitzer Prize-winning newsroom, which is repudiating their new leader in clear and unmistakable terms. And The Post reported Sunday that a “thief” who used deceptive tactics to obtain private material had ties with Winnett. The stories landed like a one-two punch in The Post newsroom, raising even more alarm and upping the panic level at the newspaper to new heights. When Bezos first appointed Lewis, staffers at The Post understood that he needed to appoint a publisher and chief executive who would shake things up in the newsroom.

Persons: Jeff Bezos, Will Lewis, Lewis, Rupert Murdoch, Sally Buzbee, Murdoch, David Folkenflik, Robert Winnett, ”, Bezos, Fred Ryan, Donald Trump, they’re, we’ve, I’m, Jeffrey Sonnenfeld, Katharine Graham, Ben Bradlee, Marty Baron, ” Sonnenfeld, “ Bezos Organizations: New York CNN, Washington Post, Fleet Street, CNN, NPR, New York Times, Post, Times, Good, Yale School of Management Locations: New York

☆ The major companies still advertising on X despite Elon Musk’s antisemitic endorsement
▼ + stars: | 2023-11-22 | by ( Oliver Darcy | Liam Reilly | ) edition.cnn.com time to read: +5 min

But those assurances have rung hollow as advertisements have continued to be placed on accounts posting hate speech and conspiracy theories. “Elon introduced unique risks,” marketing industry veteran Lou Paskalis, the founder and chief executive of marketing consultancy AJL Advisory, told CNN. “It’s self-destructive for any advertiser to be associated with him,” Sonnenfeld told CNN. His endorsement of the post came as the progressive watchdog Media Matters issued a report that indicated advertisements for major brands appeared next to neo-Nazi hate speech on X. Legal experts have told CNN that the lawsuit is deeply flawed and could open the billionaire up to embarrassing revelations during the discovery process.

Persons: Elon Musk’s, Brian McCarthy, Musk, George Soros —, X, “ Elon, Lou Paskalis, ” Jeffrey Sonnenfeld, ” Sonnenfeld, ”, Ted Boutrous, Boutrous, ” CNN’s Clare Duffy Organizations: CNN, NFL, Walmart, State, The New York Times, Washington Post, The, Mondelēz International, Ritz Crackers, Twitter, Defamation League, Apple, Disney, IBM, Paramount, Fox Sports, Paris, Warner Bros ., AJL, Yale School of Management, Media, Media Matters, Ted Boutrous CNN Locations: Wendy’s, White

☆ It’s ‘pathological’ for brands to advertise on Elon Musk’s X, Yale professor says
▼ + stars: | 2023-11-21 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

CNN —Brands are being “irresponsible” by continuing to advertise on Elon Musk’s X after the billionaire endorsed antisemitic views, according to Yale professor Jeffrey Sonnenfeld. It’s pathological,” Sonnenfeld, dean for leadership studies at the Yale School of Management, told CNN in a phone interview. Yaccarino under pressureThe advertiser backlash is piling even more financial pressure on X at a time when the social media platform has been struggling. “This is a perfect opportunity for the market to do what the market does best,” Minow said. Tim Calkins, a marketing professor at Northwestern University’s Kellogg School of Management, said brands don’t need to “completely agree” with a media property and its policies to advertise there.

Persons: Elon Musk’s, Jeffrey Sonnenfeld, “, Sonnenfeld, Musk, ” Musk, ”, Joe Benarroch, “ Jeffrey Sonnenfeld, Linda Yaccarino, “ Linda Yaccarino, ” Sonnenfeld, he’s, Yaccarino, Lou Paskalis, Nell Minow, ” Minow, Minow, Tim Calkins, Calkins, it’s, ” Calkins Organizations: CNN, Brands, Elon, Yale School of Management, Whites, Disney, Warner Bros . Discovery, Media, Twitter, Media Matters, Marketing, ValueEdge Advisors, Time Magazine, Northwestern University’s Kellogg School of Management

☆ Why are so many Western firms staying put in Russia, despite the rising risks?
▼ + stars: | 2023-07-26 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

London CNN —When Russia launched its full-scale invasion of Ukraine in February 2022, a slew of Western companies left in protest. Companies now find themselves caught between Western sanctions and public outrage on the one hand, and an increasingly hostile Russian government on the other. The Kremlin is making it more difficult for Western firms to sell their Russian assets — and imposing steep discounts and punitive taxes when they do. Both companies had been finalizing sales to local buyers when President Vladimir Putin signed an order nationalizing their local assets earlier this month. Spurred by sweeping Western sanctions, oil companies, automakers, technology firms, consultancies and banks led the initial wave of departures.

Persons: —, Vladimir Putin, Carlsberg, Maria Shagina, Andrey Rudakov, Konstantin Zavrazhin, Hein Schumacher, Schumacher, ”, ” Procter, Gamble, ” Mondelez, Fortum Oyj, Jeffrey Sonnenfeld, ” Sonnenfeld, — Olesya Dmitracova Organizations: London CNN, Nestlé, Heineken, Companies, Danone, Carlsberg, Breweries, International Institute for Strategic Studies, CNN, Bloomberg, Getty, Yale University, Yale, Unilever, UL, Procter, Gamble, Treasury, Foreign, Control, Carlsberg — Locations: Russia, Ukraine, Lyubuchany, Rosneft, Moscow, Russian

☆ Heineken, Unilever and Oreo maker Mondelez accused of breaking promises to leave Russia
▼ + stars: | 2023-07-10 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

It’s shameful and unethical.”Sonnenfeld, who has testified before Congress about companies leaving Russia, is not accusing these corporations of breaking the law. ‘Implied endorsement of the Putin regime’The “poster child” for this problem is the popular Dutch brewing giant Heineken, Sonnenfeld said. In March 2022, just one month after the invasion of Ukraine, Heineken won praise for promising to leave Russia. “We expect a significant financial loss to the Heineken company. The Yale research said Mondelez shows “no tangible signs of progress towards exiting” and continues to do business in Russia.

Persons: Vladimir Putin, Jeff Sonnenfeld, Philip Morris, ” Sonnenfeld, “, ”, ‘, Putin, Sonnenfeld, Steven Tian, ExxonMobil –, ” Heineken, ” Mondelez, Mondelez, That’s, Lipton, Mark Dixon, Nestle, Kit Kat, Purina, Sbarro, Carl’s Jr, Carl’s, Yale, Tim Calkins, Calkins Organizations: New York CNN Business, Yale, Heineken, Unilever, CNN, ”, Institute . Yale, BP, ExxonMobil, Nabisco, Kyiv School of Economics, Agency, Nestle, WeWork, Mondelez, McDonald’s, Starbucks, Restaurants Holdings, CKE, Northwestern University’s Kellogg School of Management Locations: Russia, Ukraine, Moscow, Russian, ”, American, South Africa

☆ Russia economy: Former CIA chief David Petraeus says US needs to 'tighten the screws'
▼ + stars: | 2023-07-06 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

‘An economy that is hemorrhaging’Western sanctions have not delivered a deathblow to the Russian economy. Some, including economist Larry Summers, argue that economic penalties on Russia haven’t bitten as hard as anticipated because not enough countries have imposed sanctions. Others, like Yale professor Jeffrey Sonnenfeld, say sanctions are “working tremendously” well against Russia. Petraeus praised the Treasury Department’s “very impressive” sanctions campaign, led by Deputy Treasury Secretary Wally Adeyemo. But the former CIA chief noted the complexity involved in modern sanctions, where target countries often find ways to evade restrictions.

Persons: Vladimir Putin, David Petraeus, “ Putin, ” Petraeus, month’s Wagner, Petraeus, Putin, ”, “ They’ve, Larry Summers, Russia haven’t, Jeffrey Sonnenfeld, ” Sonnenfeld, Wally Adeyemo, “, Biden, Washington hasn’t, ’, you’re Organizations: New, New York CNN, CNN, KKR Global Institute, Reuters, US Central Command, CIA, Yale, KKR Locations: New York, Washington, Moscow, Russian, Europe, Russia, “ Russia, Ukraine, Kyiv

☆ 42% of CEOs say AI could destroy humanity in five to ten years
▼ + stars: | 2023-06-14 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN Business —Many top business leaders are seriously worried that artificial intelligence could pose an existential threat to humanity in the not-too-distant future. Forty-two percent of CEOs surveyed at the Yale CEO Summit this week say AI has the potential to destroy humanity five to ten years from now, according to survey results shared exclusively with CNN. The business leaders displayed a sharp divide over just how dangerous AI is to civilization. While 34% of CEOs said AI could potentially destroy humanity in ten years and 8% said that could happen in five years, 58% said that could never happen and they are “not worried.”In a separate question, Yale found that 42% of the CEOs surveyed say the potential catastrophe of AI is overstated, while 58% say it is not overstated. The CEOs indicated AI will have the most transformative impact in three key industries: healthcare (48%), professional services/IT (35%) and media/digital (11%).

Persons: “, ”, Jeffrey Sonnenfeld, Sonnenfeld, Doug McMillion, James Quincy, Yale, Sam Altman, Geoffrey Hinton, Hinton, “ I’m, ” Hinton, Jake Tapper, Robert Oppenheimer, ” Sonnenfeld Organizations: New York CNN Business, Yale, Summit, CNN, Sonnenfeld’s, Leadership Institute, Walmart, Xerox, Google, Microsoft

☆ ‘Absolutely idiotic’. SVB insider says employees are angry with CEO
▼ + stars: | 2023-03-13 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

“That was absolutely idiotic,” the employee, who works on the asset management side of Silicon Valley Bank, told CNN in an interview. By the close of business that day, Silicon Valley Bank had a negative cash balance of about $958 million. “People are just shocked at how stupid the CEO is,” the Silicon Valley Bank insider said. “There should be no mistaking that Silicon Valley Bank’s collapse was a direct result of the Fed’s persistent and excessive interest rate hikes,” they wrote. Of course, Silicon Valley Bank had more than a year to prepare for both of those issues.

☆ Fox executives should be fired for ‘proven misconduct’ exposed in Dominion lawsuit, renowned Yale professor says
▼ + stars: | 2023-03-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —The Fox Corporation board has a huge mess on its hands — and it needs to work quickly to clean it up. That’s according to Jeffrey A Sonnenfeld, the renowned professor and senior associate dean for leadership studies at the Yale School of Management. The former House speaker said that Fox News should “move on from Donald Trump” and “stop spouting election lies.”But Sonnenfeld said Ryan’s actions were not enough. In fact, he said Ryan’s “quiet dissent” was “cowardly, ineffective, and immoral,” and pointed out that board members have certain responsibilities under corporate governance law in Delaware, where Fox is incorporated. Fox News has previously said it was “proud” of its 2020 election coverage, which is a statement that only grows more remarkable by the day.

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