Success Multiplied
News, views and smart thinking
for the C-suite
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Should we have billionaires at all? Bill Gates discussed that topic with us ahead of this week’s release of Forbes’ ever-richer ranking of the three comma club. The group now numbers 2,153 people worldwide. Although entrepreneurial capitalism has taken billions out of poverty and created incredible prosperity, today 42% of Americans don’t think the economic machine gives them a fair shot. The time is ripe for corporate citizens, philanthropists and all of us to reimagine the system. We describe how that can happen here.
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Low economic growth has become the new normal, with 3% in the final quarter of 2018 considered a significant accomplishment, after 3.77% was the average for several decades.
Surveys show that two C-suiters—CMOs and CFOs—are already preparing for a potential economic downturn. CFOs are generally pessimistic, and marketers are playing it safe by focusing on lower-risk market penetration rather than diversification or product development.
Google made headlines when it surprisingly announced that in some jobs, it was men, not women, who were being underpaid. But the study’s methodology may explain that, and it’s important to remember that wage disparities are hardly the only thing holding women back.
A patent war wrapped in a trade war: The 5G revolution will bring ultra-fast internet speeds and millions of new jobs, but it also threatens to yield an ultimate worst-case scenario for the businesses that make 5G-enabled products and services.
Certain flaws in a leader—such as an inability to motivate others or to pursue self-development—cannot be ignored. Here are six that every executive should stay on the lookout for.
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These Entrepreneurs Have Created A $750M Bra Business By Exposing Victoria’s Weakness
By collecting measurements from real women, Heidi Zak and David Spector’s ThirdLove created a better-fitting garment and grabbed more than 1% of a $12 billion market in the process.
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Amazon has added Indra Nooyi and Roz Brewer to its board, formerly top execs at Pepsico and Sam’s Club. If you’re having trouble finding your own female directors, check your unspoken criteria, which might include “must not have feminist agenda” or “must exercise assertiveness similar to male leaders.” Expecting women to exhibit qualities especially associated with men will not improve leadership or gender bias.
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“Don’t you see that the most amazing thing is to be able to provide for others so that they have all that they need and become what they need to be?”
—King Cambyses II, in Xenophon’s The Education of Cyrus
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Leadership improves with serious reflection, and reading the classics is an excellent way to do this. Try sitting down with Homer’s Odyssey for eons-old tips on how to mentor someone moving into a management role.
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Join us at the Forbes CIO Summit, April 7-8, 2019, at the Ritz-Carlton, Half Moon Bay in California. This event will gather the most influential leaders in the CIO community to explore today’s biggest technological challenges, foster deep collaboration and generate new ideas. Apply to attend today.
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