CEO Booz Allen Hamilton: “It’s good to have options when dealing with Iran.”
good morning. I spoke with Booz Allen Hamilton CEO Hosio Rozansky on Friday before the US. Bombed three nuclear sites in Iran. Rozansky was personally approved by Iran in 2017 as part of retaliation for US sanctions. “That’s because they understood the role we played in these important missions,” he says. “For a while, my kids weren’t allowed to board the school bus.”
His security consulting firm last year pulled 98% of $12 billion in revenue from US government contracts. This forced Booz Allen to scare investors and fire 7% of its staff. However, Rozansky told me he was optimistic as Doge moved on to the “efficient discussion by agency” he welcomed. And national security funding could rise if the settlement bill passes.” Here are four takeaways from our conversation.
The United States cannot afford to be second in defense. “If China can have significant computing power in a universe with very low latency to the ground, they can essentially be embedded in a much cheaper and simpler system. You don’t want China to break all of our encryptions and we can’t break theirs. The price is incredible.”
The government must be early adopters of technology. “By the time the government entered the clouds, the private sector was already there. These clouds weren’t built to meet the strict security needs that the government has. It’s much better if the government moved with the private sector and said they wanted to adopt this technology. A lot of this, and this is what we need to be able to use it.
It’s good to have options when dealing with Iran.. “The investments a country has made in defense technology give the president the option that no other nations on Earth have… I rather live in a world where the US is leading the way, and even if there are no options, in most countries, the only option they have.”
CEOs who spend time in Washington should be talking and listening. “The most important thing is to get involved. I will speak to anyone who speaks to me. I learn everything from every conversation. And sometimes I learn more from their questions than from my answers. But it is also an opportunity to ask questions. So I think it’s consistent, lasting engagement, very broad engagement. You can’t narrowly focus because who is relevant today, who is involved tomorrow, the political process decides it. ”
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Contact the CEO daily via Diane Brady diane.brady@fortune.com
Top News
Trump will raise Iran’s “change of government”
Hours after Defense Secretary Pete Hegses I said The US bombing of Iran’s nuclear facilities “is not about a change of government,” said President Trump Posted on social media“It is not politically correct to use the term “change of government,” but why is there no change of government if the current Iranian regime cannot make Iran great again?
Iran responds to the threat of war
Overnight, Israel continued to attack Iranian military facilities. Iran responded by firing one missile in Israel and was defeated by the US air defense system. A spokesman for Iranian Republican security guard said the United States will “favour “heavy, regretful, unpredictable outcomes” through strong and targeted operations. BBC Live Update is here.
Cooler head…
Ian Bremer of the Eurasian Group Please think about it Trump is likely to declare some sort of victory now, but he’s returned from a long-term drag-out war that his Magazinebase vehemently opposes.
But has Iran’s nuclear capabilities actually been destroyed?
Trump Posted On social media, “As shown in the satellite image, monumental damage has occurred to all nuclear sites in Iran. Erase is the exact term!” Satellite photos will be displayed Some of Iran’s nuclear sites remain undamaged No one knows There is an Iranian stockpile of 408kg of concentrated uranium. This work may not be done.
Oil shock – probably not
Iran has the ability to close the straight of Hormuz, the bottleneck transport channel of the Persian Gulf. 20% of all oil in the world Movement. Iranian Parliament Already approved Movement. CNBC I think I can do that Spikes oil prices up to $100 per barrel. However, oil futures contracts do not exist yet. The indicator is that investors believe Iran’s response could be more restrictive. Iran, after all, needs an oil revenue.
Russia is heading for a recession
After years of anticipated economic struggle, Russian authorities have warned that the country is on the cliff of the recession as Ukraine’s invasion has bloated military spending in the Kremlin amid ongoing labor shortages and rising growth. luckLily May Lazarus reports.
Within the meta, trade with Alexandre Wan and Scale AI
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market
- S&P 500 It closed at 5,967.84 on Friday, with a 1.47% YTD increase. this morning, S&P futures Oil prices spiked at $79 per barrel for a short time, then rose 0.25%, then dropped above $76. This shows that investors think the “oil shock” caused by the Iranian bombing is less dramatic than feared. VIX Similarly, the volatility index fell 6% this morning. Bitcoin It returned above $101K after hitting a low of around $98,000. China and Hong Kong It was roughly up this morning. Stoxx Europe 600 and UK FTSE100 Both were flat with early trading. Japan, Korea, and India Everything has faded.
From an analyst
- UBS for “Deck Chair General”: “Investors need to be aware of knee overreactions. Investors’ main concerns are oil supply and non-oil transport. There was a casual threat to shut down the Strait of Hormuz, but Iran needs oil revenues and does not need the rage of the Gulf countries’ oil exports. Trump may be tactical just before the attack, but changes in the administration against official policies raise the issues of trust related to trade negotiations, and Donovan.
- Goldman Sachs on oil prices: “As Iranian conflict escalates, the risk of rising energy prices rises. Brent’s oil prices rose to $2/bbl yesterday. A geopolitical risk premium with a somewhat higher chance of a disruption in supply, with a market price of $12 and a geopolitical risk premium of $12. Cases: 1) Iran’s supply-only cuts ($80 Brent), and 2) Sahar Islam and Ayushi Mishra are broader disruptions in the region’s oil production or transport ($110 Brent).
- Webbouche on nuclear threats: “A weakened Iran, which has no nuclear capabilities, will eliminate the biggest threat to the Middle East and Israel, which investors view as positive, especially for the market and tech stocks, to digest this news. We also note that Saudi Arabia and the Arab Emirates are actively seeking to embrace the AI revolution that is leaving Trump’s final trip. The market has vanished this Iranian threat, which is aggressive in growing the broader Middle East, and will ultimately take longer for this conflict to be resolved, but the market is seeing the worst.
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CEO Daily has been edited and edited by Joey Abrams and Jim Edwards.