Leadership
Top stories summarized by our editors
6/21/2018

Danny Meyer tries to instill a culture of "enlightened hospitality" in his New York City restaurants and the Shake Shack chain. As his company grows, Meyer has deployed what he calls "culture carriers" -- people who help managers and line workers understand and carry out the company's culture.

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Shake Shack, Danny Meyer
6/21/2018

"Garfield" turned 40 this week and is a billion-dollar marketing empire that publishes in 111 countries and 28 languages. Creator Jim Davis says the cat's willingness to say things people wish they could is the reason for the comic strip's longevity.

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Vice News
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Garfield, Jim Davis
6/21/2018

Staying in the same role without learning is a career death sentence, even if it feels easier than taking a risk and learning new things, writes LaRae Quy. "It's essential that you realize your comfort zone is a tremendous enemy of peak performance," she writes.

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SmartBrief/Leadership
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LaRae Quy
6/21/2018

Federal Reserve Chairman Jerome Powell says interest rate hikes should continue, as the low unemployment and higher inflation numbers are supporting the case. Bond yields spiked after Powell's comments, as he stated the current tight labor market would not lead to a 1970s-like inflation surge.

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Jerome Powell, Federal Reserve
6/21/2018

CB Insights CEO Anand Sanwal writes about the 13 months he was also running his late father's chemical company in India and what he learned about selling a business, especially when it's in an industry you don't know and in a language you don't speak well. Employees also needed a vision, he writes, as "[e]veryone, for better or worse, assumed I had a clue and was looking for me to develop a plan."

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CB Insights blog
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Anand Sanwal, CB Insights
6/21/2018

Blockchain can reduce costs in the short term, even if more transformative use cases are still years away, according to this McKinsey analysis. The viability of using blockchain depends on the industry, the desired use case and the regulatory environment, among other factors.

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McKinsey
6/21/2018

Taking the time to help others succeed is part of the daily routine for Gerald Dupre, president of Hallmark Specialty Property. "I think some of the proudest moments are when you can sit back and see how you've been able to provide that point of reference or assistance to someone in achieving their goals," he says.

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Profile magazine
6/21/2018

Supreme Court justices will review a ruling against investment banking director Francis Lorenzo, whose firm was banned from the securities industry by the Securities and Exchange Commission because of deceptive emails sent to investors. The issue is whether a person who shares false statements that were made by someone else is liable, under US securities laws, for participating in a fraudulent act.

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Reuters
6/20/2018

The arrest of Audi CEO Rupert Stadler for his alleged bid to quash an investigation into emissions cheating is likely to cause financial problems for parent Volkswagen Group and continued disagreement among board members, writes Edward Taylor.

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Reuters
6/20/2018

General Electric will be replaced by Walgreens Boots Alliance in the Dow Jones industrial average. Industrial firms have become less important to the US economy than health care, financial, technology and consumer companies, says David Blitzer of S&P Dow Jones Indices.

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CNNMoney