Our rental property ambition was based on a very different financial environment: one with more stable investment returns, lower borrowing costs and more affordable construction costs. The current climate, higher interest rates, inflationary pressures and a more cautious property market, means the model no longer meets our investment criteria.
Xu credited the "world-class business environment" that local officials have built and the region's "complete industrial ecosystem" as a reason that companies like his have thrived. For Shein, local support has helped the firm grow to support more than 600,000 jobs in the area, Xu said.
D'Amaro, 54, has been serving as chairman of Disney's theme parks and experiences division, the unit that generates the majority of the company's operating income through its parks, cruises, and consumer products. He will succeed longtime CEO Bob Iger, who returned to the role in 2022 after previously leading Disney from 2005 to 2020. The move caps a multiyear succession process closely watched by Wall Street, Hollywood, and fans of the company around the world.
The biotechnology company Thermo Fisher Scientific is closing its Franklin facility, impacting up to 80 workers, the company said. In a statement to Boston.com, Thermo Fisher said it is closing its chemical analysis facility by the end of 2026. Most of the work will move to other U.S. facilities, as the company adjusts operations to meet current customer demand. The company said impacted workers will receive job transition support, with many employees relocating to other Massachusetts-based facilities.
Campbell joined the hedge fund in 2015 and held a strategy role throughout his entire career at Millennium, joining the firm when it managed $27 billion in assets and leaving when it had more than $83 billion. A person close to the manager described his role as working on various projects related to the organization's priorities at any given time.
The acquisition marks a dramatic strategic shift for Netflix, which has never made a deal of this scope. The streaming pioneer grew to become Hollywood's most valuable company, without the benefit of a library or studio, by licensing programs from others and then expanding into original content. With the purchase, Netflix becomes owner of the HBO network, along with its library of hit shows like The Sopranos and TheWhite Lotus.
The logic holds that when a company has a shareholder-unfriendly component of its portfolio - e.g. the business in question is cyclical, or it is low-growth or low margin - the company should diversify to make that business less-shareholder unfriendly. I take on the fallacy in this Playing to Win/Practitioner Insights (PTW/PI) piece entitled Diversification Can't Disappear a Strategy Problem: It Just Creates a Different Problem. And as always, you can find all the previous PTW/PI here.
Innovation hubs were once the darlings of corporate strategy, promising to future-proof businesses and spark breakthrough ideas. But two decades in, the cracks are showing. Too many hubs have struggled to prove their worth, and some have quietly shut down altogether. In reality, these costly spaces never lived up to the hype-and the future lies elsewhere. Rather than investing in shiny new labs, organizations should be cultivating innovation communities: networks of people, inside and outside the company, who collaborate around shared challenges and opportunities.
From my view, Verizon has struggled to articulate a clear strategy around market positioning, branding, and pricing, sticking too long to messaging that produced success when it was clearly the best network in the industry.
Good morning. I've spent the week talking to business leaders and policymakers who've gathered in New York for Climate Week, the UN General Assembly and assorted events on the sidelines, including our own. The mood is generally somber, with growing concern about America's commitment to free speech, science, rule of law and remaining a hub for global talent. A few themes have emerged in terms of how CEOs are shifting their strategies.
Shortly after taking the Starbucks job a year ago, Niccol launched a back-to-basics strategy. He culled the bloated menu, launched an ad campaign that refocused consumers' attention on the quality of the coffee itself, jettisoned those printed drink-order stickers on cups for cute handwritten Sharpie notes, and worked to improve the physical experience of sitting in a Starbucks and enjoying your drink.
The spiral staircase leading up to the roof-deck at Los Angeles's Tesla Diner is beautiful, or at least it is expensive-looking. It has video screens overhead and glowy lights at the base of each step and its own special soundtrack, a down-tempo, bleepy-bloopy composition that whooshes in as a notable contrast to the main dining room's dad rock. Glass display cases set into the walls hold human-size robots. Otherwise, every surface is covered in slick plastic, pure white.
Young people aren't just the leaders of tomorrow-they're leading right now. They're influencing culture, driving social movements, and embracing technology faster than most of us can keep up. They may not have a seat in the boardroom, but their influence is already being felt in every corner of society-including your bottom line. As a mother of three and a leader at UNICEF USA, I've seen firsthand how this generation is stepping up.
Tony Cheng’s journey in Reinsurance Group of America reflects a commitment to continuous learning and a willingness to embrace responsibility, which has fueled his long-term success.
