Linda Yaccarino: You may not hear her side of X story: “There is always a private story that can’t be straightened.”
good morning. It is clear that Linda Jaccarino was on a tough job when he became CEO. Twitternow known as X about two years ago. Her boss, Elon Musk, tweeted about the female CEO boarding his newly acquired company before even giving her notice on NBC. Universal.
“In reality, she’s only going to be Musk’s Twitter COO. In the worst case, Musk’s executive PA.”
Certainly Jaccarino is not the first leader Hidden by a powerful boss. I’ve spoken to many people over the years. From Jeff Welch from Jeff Immelt to former CEO of the brand when he delayed the exit from GE a year to tackle Honeywell’s deal Disney and Starbucks The former boss truly went backwards without turning the exit stage to the left.
This week we spoke with some experts about the unique challenges of being in this situation and how best to handle them. The first step is to set clear expectations and boundaries so that you have the option to leave your reputation alone, the CEO advisor told me.
You try to build trust and may need to be tolerated to share the spotlight with your predecessor who remains in the hall. (A modest modest thing that is familiar to some family-owned businesses.) “It’s okay for founders to speak up about a particular topic. But if everyone is still looking at their leadership predecessors, that’s a problem.”
And if that doesn’t work, take the money and enjoy the relief, or write in a book where you can write your own history. But as one banished CEO recently told me, “The problem is, there’s always a private thing that you can’t straighten the story.”
Contact the CEO daily via Diane Brady diane.brady@fortune.com
Top News
Trump wants 35% tariffs in Canada
Canada got one Those characters. there will be Exemption For products under the US-Mexico-Canada contract. Canada said it would continue to negotiate. Country that owns I haven’t received it One of Trump’s letters gets a 15-20% percentage, the president said.
Bill Ackman was beaten hard in his first professional tennis match
59-year-old CEO Pershing Square played a doubles match Jack Sock, a four-time Grand Slam champion, has been sent out. 67 minutes, 6-1, 7-5 by Bernard Tomic and Omar Jasika. Tennis pros gave it a review that drained it. Andy Roddick called for review of the match, I’ll suggest that Ackman’s opponent intentionally made him easy.
BCG’s Gaza Scandal is now on the WSJ homepage
A strange and complicated story of the method The Boston Consulting Group has now drafted an analysis of what is actually needed to relocate Palestinians in Gaza And rebuilding postwar territory yesterday saw another development in which BCG’s chief risk officer, Adam Farber, and his socially impacted practice, Rich Hutchinson, was demoted. Two other partners have been fired previously. The company denied that their work was somehow approved, and insiders are confused as to why they were doing it in the first place.
Jamie Dimon: “I’m a Democrat and they’re idiots.”
JPMorgan CEO has had many spicy things to say at an event hosted by the Irish Ministry of Foreign Affairs. He called NYC mayoral candidate Zohran Mamdani a “Marxist” and denounced the Democrats for awakening. “I always say they have big minds and small brains. They don’t understand how the real world works. Almost all of the policies have been deployed.” New York Post and ft.
He also said a few things about Europe…
Dimon I warned Europe is “losing” in terms of economic competitiveness at the event in Ireland on Thursday. “Europe has gone from 90% of US GDP to 65% over 10 or 15 years. That’s not good,” says Dimon.
Tesla finally schedules shareholder meetings
After many delays, Tesla announcement EV Company will hold a shareholder event on November 6th, as the question of whether the amount of coverage issues for CEO Elon Musk will be considered again. Meanwhile, Musk continues to promote the creation of new political parties amid other controversies.
SEC submits files for alleged “Patriot Economy” Ponzil Scheme
Political-linked Georgia financial contractors It’s been criticized Implementing millions of Ponzi schemes supported through targeted advertising on right-wing and conservative media channeling the “patriot economy.” In a lawsuit filed Thursday, the SEC alleged that Edwin Brandt Frost IV and his company First Liberty Building & Loan have been paying back investors for years by soliciting funds from new investors.
market
S&P 500 Futures After the index hit an all-time high yesterday, it fell 0.57% this morning, closing at 6,280 at 0.27%. Bitcoin I shed tears and hit the highest height ever. It’s currently over $117K. VIX The Fear Index rose 6% yesterday. Stoxx Europe 600 I sold 0.79% in an early transaction this morning. UK FTSE 100 It fell 0.38% this morning after hitting an all-time high yesterday. India’s Nifty 50 A decrease of 0.79%. South Korea Kospi It was 0.19% off this morning. China It was awake widely.
From an analyst
Macquarie on Brazilian customs duties: “Traders thought it was “notably safe” from the mutual tariffs of President Trump, as Brazil operates a surplus in commodity trade with Brazil. However, the US has just placed a very aggressive 50% tariff on Brazilian exports, and the Brazilian president deals with his political rivals, citing that he is dealing with his political rivals. Trump’s tariffs are intended to affect the country’s internal political and judicial settings, according to Thierry Withman and Gareth Berry.
Pantheon Macroeconomics in the Labor Market: “We continue to expect unemployment rates to rise faster later this year than the FOMC expects. Labor demand continues to decline, for example. In reality, the total total job offer scale fell by another 1% on July 4th, down to 5% since the end of last year, down by Samuel’s grave.
Wedbush from Nvidia and Microsoft: “We believe Microsoft will also be appearing in the $4 trillion market capitalization club this summer, focusing on the $5 trillion club over the next 18 months.
Around the water cooler
Why Mark Zuckerberg’s AI Talent Expense Approval is not a guarantee that Meta will catch up with his rivals Jeffrey Sonnenfeld and Steven Tian
Bitcoin hits an all-time high as it surges beyond $113,000 Leo Schwartz
Is your town a winner or loser in the return race to the office? Capital Economics breaks it down Ashley Lutz and Fortune Intelligence
Wall Street advice after Nvidia hits historic $4 trillion market capitalization: Buy By Paolo Confino
CEO Daily has been edited and edited by Joey Abrams and Jim Edwards.