{"articles":[{"id":1038676,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/03\/19\/mary-jo-white-activist-investors-ackman\/","title":"SEC\u0027s Mary Jo White criticizes shareholder activism and Bill Ackman deal","content":"\u003Cp\u003EThe Securities and Exchange Commission hasn\u0026#8217;t lost its patience with activist investors. But it is getting close.\u003C\/p\u003E\n\u003Cp\u003EIn a speech this week to a conference of lawyers and bankers on mergers and acquisition sponsored by Tulane University, SEC Chair Mary Jo White, warned that hedge funds and others who push for new board members and other changes at companies need to watch what they say.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;It is not my intent to threaten the vibrancy of anyone\u0026#8217;s practice,\u0026#8221; White said, adding that she\u0026#8217;s worked as a private sector lawyer, too. \u0026#8220;But I do think it is time to step away from gamesmanship and inflammatory rhetoric that can harm companies and shareholders alike.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EWhite specifically addressed hedge fund activist Bill Ackman, although not by name, and his ultimately failed co-bid with drug company Valeant to take over rival Allergan. It was the first time White had addressed the deal or ones like it.\u003C\/p\u003E\n\u003Cp\u003EAckman\u0026#8217;s hedge fund bought shares of Allergan in a so-called toe-hold deal, before Valeant publicly announced its buyout offer, which Ackman knew was coming. Last year, a judge said there were serious questions as to whether Pershing and Valeant had broken insider trading rules but that it was up to the SEC to decide on these matters.\u003C\/p\u003E\n\u003Cp\u003EAckman and Valeant eventually gave up on buying Allergan, which was bought earlier this year by another pharmaceutical rival Activis. Ackman has also found himself in hot water surrounding a market manipulation investigation involving lobbyists and consultants he hired related to high-profile bet against Herbalife. White didn\u0026#8217;t address Herbalife.\u003C\/p\u003E\n\u003Cp\u003EBut the SEC chair did seem to discourage others from crafting shareholder referenda similar to what Ackman and Valeant attempted with Allergan. The two players had called for shareholders to vote in an informal referendum on the deal, rather than a formal tender offer. White worried that referenda could go under the radar and get around SEC rules. She said the SEC would look closely at similar proposals in the future.\u003C\/p\u003E\n\u003Cp\u003EThe problem is that it\u0026#8217;s really hard to make tender offers in toe-hold deals and not get accused of insider trading, which is why Ackman and Valeant avoided it. Insider trading rules are looser with informal shareholder referendums. White did not address the inconsistencies in the insider trading rules or the tender offer catch-22. Nevertheless, activists, you\u0026#8217;ve been warned about toe-holds.\u003C\/p\u003E\n\u003Cp\u003EIn general, White said there was an active debate about whether activists are good for the market and the economy, and that the SEC wasn\u0026#8217;t going to take a side on the matter. But White said that activist investment funds now have $120 billion under management, up 30% from 2014. That\u0026#8217;s a good sign that at least investors think activism is a good thing.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EEditor\u0026#8217;s note: A previous version of this story suggested that Bill Ackman\u0026#8217;s Pershing Square Capital took a less than 5% stake in Allergan to avoid issuing a filing with the SEC. In fact, Ackman\u0026#8217;s firm took a 9.7% stake in the firm and, as required, filed a disclosure with the SEC. Also, at present, Ackman has not been subject to allegations that he manipulated shares of Herbalife. Rather, consultants and lobbyists Ackman hired have been involved in such investigations. \u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"March 19, 2015","published":"2015-03-19 01:43:27","updated":"2015-03-19 01:43:27","minute":"1:43 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/03\/19\/mary-jo-white-activist-investors-ackman\/","absolute_url":"http:\/\/fortune.com\/2015\/03\/19\/mary-jo-white-activist-investors-ackman\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/03\/19\/mary-jo-white-activist-investors-ackman\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Mary Jo White takes aim at shareholder activism and Bill Ackman deal","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2014\/06\/488648553.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Andrew Harrer \u2014 Bloomberg\/Getty Images","caption":"SEC Chair Mary Jo White","attach_id":"630497"},"excerpt":"\u003Cp\u003ESpeaking at a conference in New Orleans, the SEC chair warned that activist investors need to watch what they say.\u003C\/p\u003E\n","authors":[{"id":"462422","url":"http:\/\/fortune.com\/author\/stephen-gandel\/","name":"Stephen Gandel","twitter":"stephengandel","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Stephen Gandel headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026w=150",150,150,true],"bio":"Stephen Gandel is a senior editor at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13488,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":13472387,"name":"Activist Investors","slug":"activist-investors","term_group":0,"term_taxonomy_id":114307,"taxonomy":"post_tag","description":"","parent":0,"count":65,"filter":"raw"},{"term_id":2985998,"name":"Bill Ackman","slug":"bill-ackman","term_group":0,"term_taxonomy_id":48667,"taxonomy":"post_tag","description":"","parent":0,"count":43,"filter":"raw"},{"term_id":6635,"name":"Investing","slug":"investing","term_group":0,"term_taxonomy_id":47011,"taxonomy":"post_tag","description":"","parent":0,"count":338,"filter":"raw"},{"term_id":6633608,"name":"Mary Jo White","slug":"mary-jo-white","term_group":0,"term_taxonomy_id":54705,"taxonomy":"post_tag","description":"","parent":0,"count":7,"filter":"raw"},{"term_id":36910,"name":"SEC","slug":"sec","term_group":0,"term_taxonomy_id":56893,"taxonomy":"post_tag","description":"","parent":0,"count":99,"filter":"raw"},{"term_id":168588,"name":"Valeant","slug":"valeant","term_group":0,"term_taxonomy_id":59424,"taxonomy":"post_tag","description":"","parent":0,"count":33,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Activist Investors","slug":"activist-investors","url":"http:\/\/fortune.com\/tag\/activist-investors\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Speaking at a conference in New Orleans, the SEC chair warned that activist investors need to watch what they say.","seo":{"seo_title":"SEC\u0027s Mary Jo White criticizes shareholder activism, Bill Ackman deal","seo_description":"Speaking at a conference in New Orleans, the SEC chair warned that activist investors need to watch what they say.","seo_keywords":"","seo_news_keywords":"mary jo white, activist investors, bill ackman, allergan, valeant, herbalife, insider trading, sec","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/03\/19\/mary-jo-white-activist-investors-ackman\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F03%2F19%2Fmary-jo-white-activist-investors-ackman%2F","shortlink":"http:\/\/for.tn\/1BT1grm","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1BT1grm","encoded_title":"SEC%E2%80%99s+Mary+Jo+White+criticizes+shareholder+activism+and+Bill+Ackman+deal","twitter_text":"Mary Jo White takes aim at shareholder activism and Bill Ackman deal","twitter_via":"FORTUNE","facebook_desc":"Speaking at a conference in New Orleans, the SEC chair warned that activist investors need to watch what they say.","facebook_title":"SEC\u0027s Mary Jo White criticizes shareholder activism, Bill Ackman deal"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23919,"filter":"raw"},"related_posts":[{"id":1372202,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/20\/wall-street-1980s\/","title":"3 reasons the go-go \u002780s aren\u0027t back on Wall Street","content":"\u003Cp\u003EAt the beginning of last week, it seemed like the 1980s were back on Wall Street.\u003C\/p\u003E\n\u003Cp\u003EComputer company Dell announced \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/13\/dell-emc-debt\/\u0022\u003Ea $67 billion debt-fueled take\u003C\/a\u003E over of data storage company EMC. If the deal goes through, it will be the largest leveraged buyout of all time, outranking the legendary and contentious RJR Nabisco deal of 1988, that, adjusted for inflation, would total $56 billion today. Meanwhile other LBO veterans were about to take a victory lap. Payment company First Data \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022FDC\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/fdc\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EFDC\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which had been bought out by private equity firm KKR in a $28 billion deal back in 2007, was set to go public. Supermarket chain Albertsons, which had been taken private a few years ago in a deal by Cerberus Capital Management, had an IPO planned for the week as well.\u003C\/p\u003E\n\u003Cp\u003ELBOs were \u003Cem\u003Ethe deal\u003C\/em\u003E on Wall Street in 1980s. Between 1979 and 1989, there were over 2,000 of them worth $250 million or more. But these days, huge leveraged buyouts are not the norm. In the years since their heyday, LBOs have been described as huge, selfish and job destroying.\u003C\/p\u003E\n\u003Cp\u003EBut that\u0026#8217;s not how they were seen some 30 years ago. In the early 1980s, Carl Icahn, T. Boone Pickens, Irwin Jacobs, and other corporate raiders actually claimed the moral high ground. They said they were there to do what other investors hadn\u0026#8217;t. Their role, they said, was to hold management\u0026#8217;s feet to the fire, break up inefficient businesses, and save the American economy. The 1970s had hatched plenty of large lumbering conglomerates, so it seemed like Icahn and others had a point.\u003C\/p\u003E\n\u003Cp\u003EJunk bonds too were new, pioneered by the now-defunct Drexel Bernham Lambert. Michael Milken built a money machine based on debt and deal making. Without the junk bonds, LBOs couldn\u0026#8217;t get done. And without big LBO deals there would be no junk bonds. So Milken threw a high-powered get-together for the corporate raiders every year. CEOs of companies that were either in play or trying to defend themselves showed up. The fact that it was nicknamed \u201cThe Predators Ball\u201d didn\u0026#8217;t turn stop anyone from wanting to be seen there.\u003C\/p\u003E\n\u003Cp\u003EOf course \u201cGreed is good\u201d was a mantra of the 1980s. Big money wasn\u2019t driving those deals. The whole reason LBOs became so popular is that corporate raiders didn\u0026#8217;t have to put up much of their own cash to get them done. Buyouts included very little equity\u2014that was what made them so profitable.\u003C\/p\u003E\n\u003Cp\u003EWhat drove the deals were big personalities, and raiders like Icahn and Irwin would launch tirades against managements and boards that didn\u0026#8217;t want to deal. Irwin Jacobs liked to say that he was so good because he was so unpredictable. The reason: Most of his deals actually seemed to have very little thought put into them and often made little sense\u2014and almost none of them got done. Yet Jacobs still made hundreds of millions of dollars rapidly firing out acquisition offers.\u003C\/p\u003E\n\u003Cp\u003EThe companies he did end up getting control of didn\u0026#8217;t end up so well. Jacobs\u2019s nickname was \u0026#8220;Irv the Liquidator.\u0026#8221; His friend, Saul Steinberg, was one of the biggest buyers of risky junk debt and one of the biggest issuers. But Steinberg will probably be most remembered for his lavish parties, one of which included a nude model reenacting his favorite works of art.\u003C\/p\u003E\n\u003Cp\u003EBut at the same time Jacobs and Steinberg and Icahn were making money rattling cages and claiming the moral high ground, the firms that actually did the deals were being formed. Mitt Romney co-founded Bain \u0026amp; Co. in the 1980s. Also founded in the decade were Blackstone \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022BX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/bx\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EBX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Carlyle Group, and KKR \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022KKR\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/kkr\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EKKR\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which left the decade with the biggest LBO bounty of them all, RJR Nabisco.\u003C\/p\u003E\n\u003Cp\u003ESo are the 1980s back? Not quite. LBO dealmaking is actually down by a quarter in 2015 from last year, and three quarters less than what it was back in 2006, the last time LBOs were hot. And by the end of last week it was pretty evident that the market was not likely to come roaring back. \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/17\/first-data-ipo-apps\/\u0022\u003EFirst Data\u0026#8217;s IPO\u003C\/a\u003E priced below its range, and it stock fell after it started trading. The reason: Investors were worried it had too much debt. Albertsons also faced a lack of investor interest and decided to put off its IPO for now. On top of that, Blackstone, the private equity firm reported earnings that were just so-so. Here are three other reasons LBOs aren\u0026#8217;t going to come roaring back on Wall Street.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong style=\u0022line-height:1.5;\u0022\u003E1. Leveraged loans are hard to come by\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ELeveraged lending was a big part of the fuel that make LBOs work. It\u0026#8217;s in the name. But in the wake of the financial crisis, \u003Ca href=\u0022http:\/\/fortune.com\/2014\/11\/03\/where-did-all-the-big-buyouts-go\/\u0022\u003Eregulators have clamped down on the big banks\u2019 ability to make big loans to highly indebted companies.\u003C\/a\u003E That\u0026#8217;s made it hard to get financing for highly leveraged deals. Some of the financing has come from the high-yield debt market. But even there, investors have grown anxious about rising defaults, particularly coming form the oil sector. So don\u0026#8217;t expect high-yield bond investors to rush into lending to risky deals.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. Raiders are not out to do LBOs\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe corporate raiders these days have a new game and a new title: Activist investor. Icahn and others now buy up shares in companies and push for board seats, and try to get companies to change that way. They are not looking to do LBOs. And without those big personalities pushing deals, fewer will likely get done. Activist investing may be less profitable than doing LBOs, but it\u0026#8217;s also a less risky way to invest. Activist investors are increasingly funded by pension and other large endowment funds, which is probably why they lean more toward the surer deals.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. Stocks aren\u0026#8217;t cheap\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EOne of the things that made LBOs possible was that coming out of the 1970s, the stock market was historically cheap. There were plenty of prime candidates for LBOs because many companies were trading for less than the value of their assets. These days stocks are trading at historic highs. That makes it much harder to find prime candidates for LBOs. The deals that are being done today, like Dell-EMC, seem to be for strategic reasons. Dell wants to get more into the business of servicing large corporate clients. Back in the 1980s, most LBOs didn\u0026#8217;t have much logic other than lots of stocks on the public market seemed to be trading for a discount, corporate raiders were greedy, and debt was available. Times have changed.\u003C\/p\u003E\n\u003Cp\u003ESo the 1980s deal making isn\u0026#8217;t likely to make a come back in reality. But if you are still feeling nostalgic for that time, here\u0026#8217;s a selection of \u003Cem\u003EFortune\u0026#8217;s\u003C\/em\u003E best articles about the buyout boom.\u003C\/p\u003E\n","time":{"pretty":"October 20, 2015","published":"2015-10-20 09:03:30","updated":"2015-10-20 09:03:30","minute":"9:03 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/20\/wall-street-1980s\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/20\/wall-street-1980s\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/20\/wall-street-1980s\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"3 reasons the go-go \u002780s aren\u0027t back on Wall Street","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/mv5bndq2ody3nzawnf5bml5banbnxkftztcwotqymtq4mw-_v1__.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Courtesy of Twentieth Century Fox","caption":"Michael Douglas as Gordon Gekko in \u0026quot;Wall Street \u0026quot;","attach_id":"1372659"},"excerpt":"\u003Cp\u003EThe leveraged buyout deals of the 1980s aren\u0026#8217;t back, but man we wish there were. They made for some great stories. \u003C\/p\u003E\n","authors":[{"id":"462422","url":"http:\/\/fortune.com\/author\/stephen-gandel\/","name":"Stephen Gandel","twitter":"stephengandel","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Stephen Gandel headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026w=150",150,150,true],"bio":"Stephen Gandel is a senior editor at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13482,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":13472387,"name":"Activist Investors","slug":"activist-investors","term_group":0,"term_taxonomy_id":114307,"taxonomy":"post_tag","description":"","parent":0,"count":65,"filter":"raw"},{"term_id":1434929,"name":"corporate raiders","slug":"corporate-raiders","term_group":0,"term_taxonomy_id":152100,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":8863316,"name":"leveraged buyout","slug":"leveraged-buyout","term_group":0,"term_taxonomy_id":113749,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":18220,"name":"Wall Street","slug":"wall-street","term_group":0,"term_taxonomy_id":47014,"taxonomy":"post_tag","description":"","parent":0,"count":236,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Wall Street","slug":"wall-street","url":"http:\/\/fortune.com\/tag\/wall-street\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The leveraged buyout deals of the 1980s aren\u0026#8217;t back, but man we wish there were. They made for some great stories.","seo":{"seo_title":"3 reasons the 1980s aren\u0027t back on Wall Street","seo_description":"The Dell-EMC deal seemed like it could spark a revival the 1980s heyday of leverage buyouts. But it probably won\u0027t.","seo_keywords":"1980s Wall Street, LBOs, Dell-EMC, leverage buyouts, leveraged buy-outs, First Data, RJR Nabisco, Irwin Jacobs, Drexel Burnham","seo_news_keywords":"1980s Wall Street, LBOs, Dell-EMC, leverage buyouts, leveraged buy-outs, First Data, RJR Nabisco, Irwin Jacobs, Drexel Burnham","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/20\/wall-street-1980s\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F20%2Fwall-street-1980s%2F","shortlink":"http:\/\/for.tn\/1KdWuFI","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1KdWuFI","encoded_title":"3+reasons+the+go-go+%E2%80%9980s+aren%E2%80%99t+back+on+Wall+Street","twitter_text":"3 reasons the go-go \u002780s aren\u0027t back on Wall Street","twitter_via":"FORTUNE","facebook_desc":"The Dell-EMC deal seemed like it could spark a revival the 1980s heyday of leverage buyouts. But it probably won\u0027t.","facebook_title":"3 reasons the 1980s aren\u0027t back on Wall Street"},"format":{"term_id":7573,"name":"List","slug":"fortune-post-format-list","term_group":0,"term_taxonomy_id":6,"taxonomy":"fortune_post_format","description":"","parent":0,"count":2075,"filter":"raw"},"list_items":{"items":[{"title":"Irwin Jacobs lands a big one\u2014finally","img":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/01041024_1041024.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","img_credit":"Photograph by Mitch Kezar \u2014\u00a0The LIFE Images Collection\/Getty Images","content":"\u003Cp\u003EMeet Irwin Jacobs, the quintessential corporate raider. Jacobs, a college dropout, made well over $100 million pursuing companies in the 1980s. He almost never won the takeover battles he fought. But that didn\u0027t stop him from trying, or pulling in millions from the process. He once got half a million dollars for offering to make a loan to Saul Steinberg, a fellow corporate raider, that he never made for a buyout of Disney that never happened. When Jacobs was called to testify in front of Congress, he\u00a0decried \u0022greenmail,\u0022 handouts that corporations would pay to Jacobs and others to go away. But was that going to stop him from taking them? Heck no. This article finds Jacobs about to finally land a deal. But\u00a0you don\u0027t get the sense that man\u00a0who was known as \u0022Irv the Liquidator\u0022 has any idea what to do with the company he\u0027s about to buy. That\u0027s not really part of his story.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/16\/irwin-jacobs-lands-a-big-one-finally\/\u0022\u003ERead the full story from 1985 here.\u003C\/a\u003E\u003C\/p\u003E\n","native_sponsor":"","native_content":""},{"title":"The last days of Drexel Burnham","img":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/00109551_109551.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","img_credit":"Photograph by Richard Vogel \u2014 Liaison","content":"\u003Cp\u003EDid \u003Cspan class=\u0022highlight\u0022\u003EDrexel\u003C\/span\u003E do itself in? Or was it done in? This article takes the final tally of the company that fueled the LBO craze by inventing the junk bond market that became the currency of corporate raiders. Michael Milken built a beautiful money-making machine. The same corporate raiders who bought corporate debt would issue it themselves to do massive takeovers\u2014the LBOs. And when they wanted advice on their deals, they would come to pay up for Milken\u0027s top M\u0026amp;A bankers, who were lured to the firm by all of the profit the junk bond business was bringing in. But it all came crashing down.\u003C\/p\u003E\n\u003Cp\u003EHow? \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/16\/the-last-days-of-drexel-burnham\/\u0022\u003ERead Fortune\u0027s 1990 article that tells you\u00a0what doomed Drexel.\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n","native_sponsor":"","native_content":""},{"title":"Buyout Kings","img":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/ap_881202063.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","img_credit":"Photograph by AP","content":"\u003Cp\u003ELegendary \u003Cem\u003EFortune\u003C\/em\u003E writer Carol Loomis gets as inside a look as anyone could get at the time of the legendary buyout shop KKR, which is still around today. For this profile, Henry Kravitz and George Roberts refuse to talk to Loomis, but that doesn\u0027t stop her from giving a compelling take of what is right and wrong at one of the most powerful and successful purveyors of the LBO. Nothing at KKR is nailed down. Everything they own is managed to be moved off to some other investor. Here\u0027s how Loomis beautifully describes it:\u003C\/p\u003E\n\u003Cblockquote\u003E\u003Cp\u003EKKR\u2019s dynamics call to mind a troop of hoofers like the Rockettes, in circular march. On one side of the circle, imagine, a Rockette peels off and disappears into the wings, followed seriatim by others. On the other side, new Rockettes join, one by one, preserving the circle and in fact gradually enlarging it, until the stage seems almost to fill. The character of the dancers changes too. The Rockettes coming on are each taller, leggier, more statuesque, and more glamorous than those peeling off. My God, will the next be an Amazon?\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/16\/buyout-kings\/\u0022\u003ERead the full 1988 article here.\u003C\/a\u003E\u003C\/p\u003E\n","native_sponsor":"","native_content":"","list_item_ad_id":"listicle-ad-1372202-1","list_item_ad_pos":1},{"title":"The new siege at RJR Nabisco","img":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/00239618_239618.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","img_credit":"Photograph by John Abbott","content":"\u003Cp\u003EThis article serves as a coda to the 1980s LBO boom. The most well-known deal of that decade, RJR Nabisco, was actually struck right at the tail end of the era. By 1993, Drexel Burman is gone, Milken is in jail, and the barbarians have been silenced. But RJR Nabisco is still around, and now it, and the firm that bought it, KKR again, has to figure out how to manage without the support of the debt-fueled markets that made\u00a0it the largest buyout of all time.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/16\/the-new-siege-at-rjr-nabisco\/\u0022\u003ERead the complete 1993 \u003Cem\u003EFortune\u003C\/em\u003E account of what became of RJR Nabisco after the barbarians left.\u003C\/a\u003E\u003C\/p\u003E\n","native_sponsor":"","native_content":""}]},"intro_listicle_ad":"listicle-ad-1372202-0","related_posts":[]},{"id":1372498,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/17\/warren-buffett-zingers-mpw\/","title":"Here are Warren Buffett\u0027s zingers from this year\u0027s Most Powerful Women Summit","content":"\u003Cp\u003EWarren Buffett, the Oracle of Omaha, is well-known for making wisecracks from time to time. And when he was invited to speak with \u003Cem\u003EFortune\u0026#8217;s\u003C\/em\u003E Carol Loomis at \u003Ca href=\u0022http:\/\/fortune.com\/mpw\/\u0022\u003Ethe Most Powerful Women Summit this year\u003C\/a\u003E, he certainly didn\u0026#8217;t disappoint.\u003C\/p\u003E\n\u003Cp\u003EHere\u0026#8217;s a look at some of his best zingers from the event.\u003C\/p\u003E\n\u003Cp\u003EAt one point during the conversation, Loomis quizzed Buffett on his thoughts about activist investors and, notably, whether he\u0026#8217;d ever consider becoming one. \u0026#8220;What is your own personal appetite for joining with the activists?\u0026#8221; she asked. \u0026#8220;Well, it\u0026#8217;s zero,\u0026#8221; he replied. \u0026#8220;Zero. Yeah.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThe discussion covered Wall Street, too. The Berkshire Hathaway CEO and billionaire investor offered his humorous perspective on how people interact there.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Carol and I had a friend that described Wall Street in terms of the way it operates as having the innovators, the imitators, and the swarming incompetence,\u0026#8221; he said, as the room of executives broke out into laughter. \u0026#8220;And essentially that\u0026#8217;s the way money attraction is.\u0026#8221;\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00221\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4562623979001-1\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224562623979001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1VWJE5q\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/mpw_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dberkshirehathaway%2Cfortunelive%2Cleighgallagher%2Cmostpowerfulwomensummit2015%2Cwarrenbuffett%2Cwarrenbuffettberkshirehathaway%2Cwarrenbuffettmostpowerfulwomen%2Cwarrenbuffettmostpowerfulwomensummit%2Cyoutube%26ch%3Dmpw%26topic%3Dfortunelive\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003EWith the upcoming U.S. election for president, Loomis took the opportunity to ask Buffett for his views on politics: \u0026#8220;It\u0026#8217;s a great spectator sport,\u0026#8221; he said. \u0026#8220;I wouldn\u0026#8217;t want to be a participant, but I like it as a great spectator sport.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EBuffett, a supporter of Hillary Clinton \u003Ca href=\u0022http:\/\/fortune.com\/2014\/10\/07\/warren-buffett-on-clinton-2016-hillary-is-going-to-win\/\u0022 target=\u0022_blank\u0022\u003Ewho predicted that she would run for president and win\u003C\/a\u003E, also answered a question about the email controversy that has rocked Clinton\u0026#8217;s candidacy recently: \u0026#8220;And how about the email controversy?\u0026#8221; asked Loomis. \u0026#8220;Do you think that could maybe have been handled a little bit better?\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Yeah. it could\u0026#8217;ve been handled better,\u0026#8221; he said with a grin. \u0026#8220;Yeah.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThe discussion didn\u0026#8217;t only center on politics and investing. Buffett also took some time to talk about marriage, too: \u0026#8220;My partner Charlie Munger said if you want to guarantee yourself a life of misery, marry somebody with the idea of changing them.\u0026#8221;\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00222\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4555209253001-2\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224555209253001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1VWJE5q\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/mpw_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3D2016election%2Cberkshirehathaway%2Cchairmanandceo%2Cmostpowerfulwomen%2Cwarrenbuffett%2Cyoutube%26ch%3Dmpw%26topic%3Dmostpowerfulwomen\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003ELoomis next asked: \u0026#8220;Didn\u0026#8217;t he also say if you want to have a happy marriage\u0026#8230;\u0026#8221; At that point, Buffett put up his hand to interject: \u0026#8220;No. He said if you want to have a marriage that will last,\u0026#8221; prompting more laughter from the room. \u0026#8220;He said, \u0026#8216;What quality do you look for in a spouse? Do you look for beauty? Do you look for brains? Do you look for character? Do you look for honesty? Do you look for humor?\u0026#8217; No, no no,\u0026#8221; added Buffett. \u0026#8220;You want to marry the last\u2014look for someone with low expectations.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EIn his annual letter to shareholders from 2015, Buffett also provided a feast of one-liners, \u003Ca href=\u0022http:\/\/fortune.com\/2015\/02\/28\/warren-buffetts-annual-letter-quotes\/\u0022\u003Eas collected by \u003Cem\u003EFortune\u0026#8217;s\u003C\/em\u003E Stephen Gandel\u003C\/a\u003E. Just a taste: He discussed why managers should be objective in their investing, saying: \u0026#8220;If horses had controlled investment decisions, there would have been no auto industry,\u0026#8221; Buffett wrote.\u003C\/p\u003E\n","time":{"pretty":"October 17, 2015","published":"2015-10-17 12:14:05","updated":"2015-10-17 12:14:05","minute":"12:14 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/17\/warren-buffett-zingers-mpw\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/17\/warren-buffett-zingers-mpw\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/17\/warren-buffett-zingers-mpw\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Warren Buffett\u0027s zingers from this year\u0027s Most Powerful Women Summit","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/21514036504_cceb91d381_o.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Stuart Isett Attribution-NonCommercial-NoDerivs","caption":"Warren Buffett, right, with Fortune\u0026#039;s Carol Loomis.","attach_id":"1364937"},"excerpt":"\u003Cp\u003EHis greatest hits from this year\u0026#8217;s event.\u003C\/p\u003E\n","authors":[{"id":"294393","url":"http:\/\/fortune.com\/author\/benjamin-snyder\/","name":"Benjamin Snyder","twitter":"WriterSnyder","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-snyder-3271.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-snyder-3271.jpg?quality=80\u0026w=150",150,150,true],"bio":"Benjamin Snyder is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10268,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":13472387,"name":"Activist Investors","slug":"activist-investors","term_group":0,"term_taxonomy_id":114307,"taxonomy":"post_tag","description":"","parent":0,"count":65,"filter":"raw"},{"term_id":8420482,"name":"Carol Loomis","slug":"carol-loomis","term_group":0,"term_taxonomy_id":112000,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":64094,"name":"Hillary Clinton","slug":"hillary-clinton","term_group":0,"term_taxonomy_id":109890,"taxonomy":"post_tag","description":"","parent":0,"count":172,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"},{"term_id":359769,"name":"Most Powerful Women","slug":"most-powerful-women","term_group":0,"term_taxonomy_id":47099,"taxonomy":"post_tag","description":"","parent":0,"count":876,"filter":"raw"},{"term_id":195062927,"name":"MPW","slug":"mpw-2","term_group":0,"term_taxonomy_id":47097,"taxonomy":"post_tag","description":"","parent":0,"count":1088,"filter":"raw"},{"term_id":398,"name":"Politics","slug":"politics","term_group":0,"term_taxonomy_id":56498,"taxonomy":"post_tag","description":"","parent":0,"count":288,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2965,"filter":"raw"},{"term_id":1429783,"name":"wall st","slug":"wall-st","term_group":0,"term_taxonomy_id":113288,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":18220,"name":"Wall Street","slug":"wall-street","term_group":0,"term_taxonomy_id":47014,"taxonomy":"post_tag","description":"","parent":0,"count":236,"filter":"raw"},{"term_id":15920,"name":"Warren Buffett","slug":"warren-buffett","term_group":0,"term_taxonomy_id":59675,"taxonomy":"post_tag","description":"","parent":0,"count":205,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Most Powerful Women","slug":"most-powerful-women","url":"http:\/\/fortune.com\/tag\/most-powerful-women\/"},"f500_tag":false,"paid":false,"paid_excerpt":"His greatest hits from this year\u0026#8217;s event.","seo":{"seo_title":"Warren Buffett MPW Zingers: Activist Investors, Wall St. And Hillary","seo_description":"Here\u0027s a look at some of Warren Buffett\u0027s best zingers from this year\u0027s MPW event.","seo_keywords":"Most Powerful Women, MPW, Warren Buffett, Leadership, Carol Loomis, Hillary Clinton, Politics, Activist Investors, Wall St., Pubdesk","seo_news_keywords":"Most Powerful Women, MPW, Warren Buffett, Leadership, Carol Loomis, Hillary Clinton, Politics, Activist Investors, Wall St., Pubdesk","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/17\/warren-buffett-zingers-mpw\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F17%2Fwarren-buffett-zingers-mpw%2F","shortlink":"http:\/\/for.tn\/1VWJE5q","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1VWJE5q","encoded_title":"Here+are+Warren+Buffett%E2%80%99s+zingers+from+this+year%E2%80%99s+Most+Powerful+Women+Summit","twitter_text":"Here are Warren Buffett\u0027s latest zingers from this year\u0027s Most Powerful Women Summit","twitter_via":"FORTUNE","facebook_desc":"Here are Buffett\u0027s greatest hits from this year\u0027s event.","facebook_title":"Here Are Warren Buffett\u0027s Latest Zingers From This Year\u0027s Most Powerful Women Summit"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23878,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1372498-0","in-article-ad-1372498-1","in-article-ad-1372498-2"]},{"id":1365020,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/13\/mondelez-activist-investors\/","title":"Mondelez CEO: Companies ignore activist investors \u0027at their peril\u0027","content":"\u003Cp\u003EMondelez CEO Irene Rosenfeld has the ill-fated distinction of being one of the business world\u0026#8217;s foremost experts when it comes to dealing with activist investors.\u003C\/p\u003E\n\u003Cp\u003EActivists circled Kraft in 2011 as she made the decision to break the company into two. Now as the head of the resulting $34 billion snack business whose brands include Oreo, Ritz, and Trident, Rosenfeld is feeling the pressure again. Hedge fund manager Bill Ackman announced in August that he had taken about a 7.5% stake in Mondelez \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MDLZ\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/mdlz\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMDLZ\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, and the agitations of Trian Fund Management\u2019s Nelson Peltz resulted in him taking a seat on the board.\u003C\/p\u003E\n\u003Cp\u003ESo what\u2019s her advice as someone who\u2019s well versed in dealing with activists? Engage all shareholders. \u201cWe have to listen to what they have to say, and in the case of activists, one chooses not to engage at their peril,\u201d she said at \u003Cem\u003EFortune\u2019s\u003C\/em\u003E \u003Ca href=\u0022http:\/\/fortune.com\/mpw\/\u0022\u003EMost Powerful Women\u003C\/a\u003E summit on Tuesday.\u003C\/p\u003E\n\u003Cp\u003EBut while activists are vocal and have strong positions, Rosenfeld added, sometimes the \u201cnature of their holdings does not justify the loudness with which they speak\u201d and, in many cases, they don\u2019t know the companies they target all that well.\u003C\/p\u003E\n\u003Cp\u003EIn the case of Peltz, Rosenfeld said that he had a great deal of experience in the consumer goods industry and that he had more operating experience than many other activists. That\u2019s one of the reasons why the company gave him a board seat\u2014\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/30\/mondelez-nelson-peltz-on-board\/\u0022\u003Ea decision\u003C\/a\u003E Rosenfeld has said was one of her most difficult and important. She noted that he\u2019s been a \u201chighly constructive\u201d director.\u003C\/p\u003E\n\u003Cp\u003EWhen asked why there aren\u2019t any female activists, Rosenfeld told \u003Cem\u003EFortune\u003C\/em\u003E\u0026#8216;s Pattie Sellers, \u201cWomen perhaps might choose to do things in a slightly less public way, and they might get them done faster.\u201d\u003C\/p\u003E\n\u003Cp\u003ERosenfeld noted that she believes one of the reasons Mondelez has been a target of activists is simply because it\u2019s a good investment. The company has the unusual portfolio of getting 85% of its revenue from snacks and 40% from emerging markets. \u201cI\u2019m not surprised to see that it\u2019s garnered the attention of prominent investors,\u201d she said.\u003C\/p\u003E\n\u003Cp\u003ERosenfeld added that she watched with interest the battle that \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/13\/dupont-board-ellen-kullman\/\u0022\u003EEllen Kullman at DuPont\u003C\/a\u003E \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022DD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/dd\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EDD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E fought against Peltz and \u201ccheered her on\u201d when she won her proxy fight. But in the case of Mondelez, she noted, it made sense to accept Peltz rather than push back, because he was aligned with the company\u2019s goals. \u201cEach company has to look at the circumstances through their own lens,\u201d she said.\u003C\/p\u003E\n\u003Cp\u003EBoth Peltz and Ackman have pressured Mondelez to cut costs, which Rosenfeld said the company has been doing, as a strong dollar has meant its products are more expensive in local currencies. Input costs have also risen as commodity prices for ingredients like cocoa have increased.\u003C\/p\u003E\n\u003Cp\u003EBut cutting costs has to be sustainable, Rosenfeld warned. Sometimes companies \u201cget themselves into a jam and cancel the budget for the following two quarters,\u0026#8221; she said. \u0026#8220;That\u2019s not very productive.\u201d She added that Mondelez was an early adopter of zero-based budgeting, which has allowed the company to shift resources to efforts like marketing and innovation.\u003C\/p\u003E\n\u003Cp\u003EIn Rosenfeld\u2019s view, one of the most overlooked trends in the food industry is e-commerce, which she said makes up only 2% of snack sales today. Mondelez is working on online-only products, such as customizable goods like Oreos for weddings. Right now, she said, it\u2019s a $100 million business, but the company is trying to build it into a $1 billion operation.\u003C\/p\u003E\n\u003Cp\u003EIn addition to e-commerce, Rosenfeld said Mondelez is focused on improving the overall health profile of its products by using lighter filling and whole grains and taking out sodium and saturated fats. She said that by 2020, she wants half of the company\u2019s products to be focused on health and wellness.\u003C\/p\u003E\n","time":{"pretty":"October 13, 2015","published":"2015-10-13 01:01:43","updated":"2015-10-13 01:01:43","minute":"1:01 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/13\/mondelez-activist-investors\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/13\/mondelez-activist-investors\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/13\/mondelez-activist-investors\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Mondelez CEO: Companies ignore activist investors \u0027at their peril\u0027","post_type":"post","featured_type":"video","featured_video":{"html":"\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00221\u0022 data-pos=\u00223\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4555159175001-3\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022100%\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022100%\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224555159175001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1PduYQd\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/mpw_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dceoofmondelezinternational%2Cchairmanandceoofmondelezinternational%2Cirenerosenfeld%2Cirenerosenfeldceo%2Cirenerosenfeldfortune%2Cmondelez%2Cmondelezinternational%2Cmostpowerfulwomen%2Cmostpowerfulwomensummit2015%2Cpattiesellers%2Cyoutube%26ch%3Dmpw%26topic%3Dmostpowerfulwomen\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E","featured_image":"","class":"featured-vid-article_full","caption":""},"excerpt":"\u003Cp\u003EIrene Rosenfeld offers a little advice on how to handle high-profile shareholders at Fortune\u0026#8217;s Most Powerful Women summit.\u003C\/p\u003E\n","authors":[{"id":"381326","url":"http:\/\/fortune.com\/author\/beth-kowitt\/","name":"Beth Kowitt","twitter":"bethkowitt","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026w=150",150,150,true],"bio":"Beth Kowitt is a writer at Fortune Magazine","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":13472387,"name":"Activist Investors","slug":"activist-investors","term_group":0,"term_taxonomy_id":114307,"taxonomy":"post_tag","description":"","parent":0,"count":65,"filter":"raw"},{"term_id":2985998,"name":"Bill Ackman","slug":"bill-ackman","term_group":0,"term_taxonomy_id":48667,"taxonomy":"post_tag","description":"","parent":0,"count":43,"filter":"raw"},{"term_id":298009,"name":"consumer goods","slug":"consumer-goods","term_group":0,"term_taxonomy_id":110094,"taxonomy":"post_tag","description":"","parent":0,"count":8,"filter":"raw"},{"term_id":406864325,"name":"Irene Rosenfeld","slug":"irene-rosenfeld-2","term_group":0,"term_taxonomy_id":150788,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":83695626,"name":"Mondelez","slug":"mondelez","term_group":0,"term_taxonomy_id":119175,"taxonomy":"post_tag","description":"","parent":0,"count":13,"filter":"raw"},{"term_id":359769,"name":"Most Powerful Women","slug":"most-powerful-women","term_group":0,"term_taxonomy_id":47099,"taxonomy":"post_tag","description":"","parent":0,"count":876,"filter":"raw"},{"term_id":6632312,"name":"Nelson Peltz","slug":"nelson-peltz","term_group":0,"term_taxonomy_id":113437,"taxonomy":"post_tag","description":"","parent":0,"count":37,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Most Powerful Women","slug":"most-powerful-women","url":"http:\/\/fortune.com\/tag\/most-powerful-women\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Irene Rosenfeld offers a little advice on how to handle high-profile shareholders at Fortune\u0026#8217;s Most Powerful Women summit.","seo":{"seo_title":"Mondelez CEO: Companies ignore activist investors \u0027at their peril\u0027","seo_description":"Mondelez CEO Irene Rosenfeld offers a little advice on how to handle high-profile shareholders at Fortune\u0027s Most Powerful Women summit.","seo_keywords":"Mondelez, activist investors, Most Powerful Women, MPW, Irene Rosenfeld, activist investors, Nelson Peltz, Bill Ackman","seo_news_keywords":"Mondelez, activist investors, Most Powerful Women, MPW, Irene Rosenfeld, activist investors, Nelson Peltz, Bill Ackman","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/13\/mondelez-activist-investors\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F13%2Fmondelez-activist-investors%2F","shortlink":"http:\/\/for.tn\/1PduYQd","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1PduYQd","encoded_title":"Mondelez+CEO%3A+Companies+ignore+activist+investors+%E2%80%98at+their+peril%E2%80%99","twitter_text":"Mondelez CEO: Companies ignore activist investors \u0027at their peril\u0027","twitter_via":"FORTUNE","facebook_desc":"Mondelez CEO Irene Rosenfeld offers a little advice on how to handle high-profile shareholders at Fortune\u0027s Most Powerful Women summit.","facebook_title":"Mondelez CEO: Companies ignore activist investors \u0027at their peril\u0027"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23863,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1365020-0"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1372202,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/20\/wall-street-1980s\/","title":"3 reasons the go-go \u002780s aren\u0027t back on Wall Street","content":"\u003Cp\u003EAt the beginning of last week, it seemed like the 1980s were back on Wall Street.\u003C\/p\u003E\n\u003Cp\u003EComputer company Dell announced \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/13\/dell-emc-debt\/\u0022\u003Ea $67 billion debt-fueled take\u003C\/a\u003E over of data storage company EMC. If the deal goes through, it will be the largest leveraged buyout of all time, outranking the legendary and contentious RJR Nabisco deal of 1988, that, adjusted for inflation, would total $56 billion today. Meanwhile other LBO veterans were about to take a victory lap. Payment company First Data \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022FDC\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/fdc\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EFDC\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which had been bought out by private equity firm KKR in a $28 billion deal back in 2007, was set to go public. Supermarket chain Albertsons, which had been taken private a few years ago in a deal by Cerberus Capital Management, had an IPO planned for the week as well.\u003C\/p\u003E\n\u003Cp\u003ELBOs were \u003Cem\u003Ethe deal\u003C\/em\u003E on Wall Street in 1980s. Between 1979 and 1989, there were over 2,000 of them worth $250 million or more. But these days, huge leveraged buyouts are not the norm. In the years since their heyday, LBOs have been described as huge, selfish and job destroying.\u003C\/p\u003E\n\u003Cp\u003EBut that\u0026#8217;s not how they were seen some 30 years ago. In the early 1980s, Carl Icahn, T. Boone Pickens, Irwin Jacobs, and other corporate raiders actually claimed the moral high ground. They said they were there to do what other investors hadn\u0026#8217;t. Their role, they said, was to hold management\u0026#8217;s feet to the fire, break up inefficient businesses, and save the American economy. The 1970s had hatched plenty of large lumbering conglomerates, so it seemed like Icahn and others had a point.\u003C\/p\u003E\n\u003Cp\u003EJunk bonds too were new, pioneered by the now-defunct Drexel Bernham Lambert. Michael Milken built a money machine based on debt and deal making. Without the junk bonds, LBOs couldn\u0026#8217;t get done. And without big LBO deals there would be no junk bonds. So Milken threw a high-powered get-together for the corporate raiders every year. CEOs of companies that were either in play or trying to defend themselves showed up. The fact that it was nicknamed \u201cThe Predators Ball\u201d didn\u0026#8217;t turn stop anyone from wanting to be seen there.\u003C\/p\u003E\n\u003Cp\u003EOf course \u201cGreed is good\u201d was a mantra of the 1980s. Big money wasn\u2019t driving those deals. The whole reason LBOs became so popular is that corporate raiders didn\u0026#8217;t have to put up much of their own cash to get them done. Buyouts included very little equity\u2014that was what made them so profitable.\u003C\/p\u003E\n\u003Cp\u003EWhat drove the deals were big personalities, and raiders like Icahn and Irwin would launch tirades against managements and boards that didn\u0026#8217;t want to deal. Irwin Jacobs liked to say that he was so good because he was so unpredictable. The reason: Most of his deals actually seemed to have very little thought put into them and often made little sense\u2014and almost none of them got done. Yet Jacobs still made hundreds of millions of dollars rapidly firing out acquisition offers.\u003C\/p\u003E\n\u003Cp\u003EThe companies he did end up getting control of didn\u0026#8217;t end up so well. Jacobs\u2019s nickname was \u0026#8220;Irv the Liquidator.\u0026#8221; His friend, Saul Steinberg, was one of the biggest buyers of risky junk debt and one of the biggest issuers. But Steinberg will probably be most remembered for his lavish parties, one of which included a nude model reenacting his favorite works of art.\u003C\/p\u003E\n\u003Cp\u003EBut at the same time Jacobs and Steinberg and Icahn were making money rattling cages and claiming the moral high ground, the firms that actually did the deals were being formed. Mitt Romney co-founded Bain \u0026amp; Co. in the 1980s. Also founded in the decade were Blackstone \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022BX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/bx\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EBX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Carlyle Group, and KKR \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022KKR\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/kkr\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EKKR\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which left the decade with the biggest LBO bounty of them all, RJR Nabisco.\u003C\/p\u003E\n\u003Cp\u003ESo are the 1980s back? Not quite. LBO dealmaking is actually down by a quarter in 2015 from last year, and three quarters less than what it was back in 2006, the last time LBOs were hot. And by the end of last week it was pretty evident that the market was not likely to come roaring back. \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/17\/first-data-ipo-apps\/\u0022\u003EFirst Data\u0026#8217;s IPO\u003C\/a\u003E priced below its range, and it stock fell after it started trading. The reason: Investors were worried it had too much debt. Albertsons also faced a lack of investor interest and decided to put off its IPO for now. On top of that, Blackstone, the private equity firm reported earnings that were just so-so. Here are three other reasons LBOs aren\u0026#8217;t going to come roaring back on Wall Street.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong style=\u0022line-height:1.5;\u0022\u003E1. Leveraged loans are hard to come by\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ELeveraged lending was a big part of the fuel that make LBOs work. It\u0026#8217;s in the name. But in the wake of the financial crisis, \u003Ca href=\u0022http:\/\/fortune.com\/2014\/11\/03\/where-did-all-the-big-buyouts-go\/\u0022\u003Eregulators have clamped down on the big banks\u2019 ability to make big loans to highly indebted companies.\u003C\/a\u003E That\u0026#8217;s made it hard to get financing for highly leveraged deals. Some of the financing has come from the high-yield debt market. But even there, investors have grown anxious about rising defaults, particularly coming form the oil sector. So don\u0026#8217;t expect high-yield bond investors to rush into lending to risky deals.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. Raiders are not out to do LBOs\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe corporate raiders these days have a new game and a new title: Activist investor. Icahn and others now buy up shares in companies and push for board seats, and try to get companies to change that way. They are not looking to do LBOs. And without those big personalities pushing deals, fewer will likely get done. Activist investing may be less profitable than doing LBOs, but it\u0026#8217;s also a less risky way to invest. Activist investors are increasingly funded by pension and other large endowment funds, which is probably why they lean more toward the surer deals.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. Stocks aren\u0026#8217;t cheap\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EOne of the things that made LBOs possible was that coming out of the 1970s, the stock market was historically cheap. There were plenty of prime candidates for LBOs because many companies were trading for less than the value of their assets. These days stocks are trading at historic highs. That makes it much harder to find prime candidates for LBOs. The deals that are being done today, like Dell-EMC, seem to be for strategic reasons. Dell wants to get more into the business of servicing large corporate clients. Back in the 1980s, most LBOs didn\u0026#8217;t have much logic other than lots of stocks on the public market seemed to be trading for a discount, corporate raiders were greedy, and debt was available. Times have changed.\u003C\/p\u003E\n\u003Cp\u003ESo the 1980s deal making isn\u0026#8217;t likely to make a come back in reality. But if you are still feeling nostalgic for that time, here\u0026#8217;s a selection of \u003Cem\u003EFortune\u0026#8217;s\u003C\/em\u003E best articles about the buyout boom.\u003C\/p\u003E\n","time":{"pretty":"October 20, 2015","published":"2015-10-20 09:03:30","updated":"2015-10-20 09:03:30","minute":"9:03 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/20\/wall-street-1980s\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/20\/wall-street-1980s\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/20\/wall-street-1980s\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"3 reasons the go-go \u002780s aren\u0027t back on Wall Street","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/mv5bndq2ody3nzawnf5bml5banbnxkftztcwotqymtq4mw-_v1__.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Courtesy of Twentieth Century Fox","caption":"Michael Douglas as Gordon Gekko in \u0026quot;Wall Street \u0026quot;","attach_id":"1372659"},"excerpt":"\u003Cp\u003EThe leveraged buyout deals of the 1980s aren\u0026#8217;t back, but man we wish there were. They made for some great stories. \u003C\/p\u003E\n","authors":[{"id":"462422","url":"http:\/\/fortune.com\/author\/stephen-gandel\/","name":"Stephen Gandel","twitter":"stephengandel","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Stephen Gandel headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026w=150",150,150,true],"bio":"Stephen Gandel is a senior editor at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13482,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":13472387,"name":"Activist Investors","slug":"activist-investors","term_group":0,"term_taxonomy_id":114307,"taxonomy":"post_tag","description":"","parent":0,"count":65,"filter":"raw"},{"term_id":1434929,"name":"corporate raiders","slug":"corporate-raiders","term_group":0,"term_taxonomy_id":152100,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":8863316,"name":"leveraged buyout","slug":"leveraged-buyout","term_group":0,"term_taxonomy_id":113749,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":18220,"name":"Wall Street","slug":"wall-street","term_group":0,"term_taxonomy_id":47014,"taxonomy":"post_tag","description":"","parent":0,"count":236,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Wall Street","slug":"wall-street","url":"http:\/\/fortune.com\/tag\/wall-street\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The leveraged buyout deals of the 1980s aren\u0026#8217;t back, but man we wish there were. They made for some great stories.","seo":{"seo_title":"3 reasons the 1980s aren\u0027t back on Wall Street","seo_description":"The Dell-EMC deal seemed like it could spark a revival the 1980s heyday of leverage buyouts. But it probably won\u0027t.","seo_keywords":"1980s Wall Street, LBOs, Dell-EMC, leverage buyouts, leveraged buy-outs, First Data, RJR Nabisco, Irwin Jacobs, Drexel Burnham","seo_news_keywords":"1980s Wall Street, LBOs, Dell-EMC, leverage buyouts, leveraged buy-outs, First Data, RJR Nabisco, Irwin Jacobs, Drexel Burnham","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/20\/wall-street-1980s\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F20%2Fwall-street-1980s%2F","shortlink":"http:\/\/for.tn\/1KdWuFI","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1KdWuFI","encoded_title":"3+reasons+the+go-go+%E2%80%9980s+aren%E2%80%99t+back+on+Wall+Street","twitter_text":"3 reasons the go-go \u002780s aren\u0027t back on Wall Street","twitter_via":"FORTUNE","facebook_desc":"The Dell-EMC deal seemed like it could spark a revival the 1980s heyday of leverage buyouts. But it probably won\u0027t.","facebook_title":"3 reasons the 1980s aren\u0027t back on Wall Street"},"format":{"term_id":7573,"name":"List","slug":"fortune-post-format-list","term_group":0,"term_taxonomy_id":6,"taxonomy":"fortune_post_format","description":"","parent":0,"count":2075,"filter":"raw"},"list_items":{"items":[{"title":"Irwin Jacobs lands a big one\u2014finally","img":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/01041024_1041024.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","img_credit":"Photograph by Mitch Kezar \u2014\u00a0The LIFE Images Collection\/Getty Images","content":"\u003Cp\u003EMeet Irwin Jacobs, the quintessential corporate raider. Jacobs, a college dropout, made well over $100 million pursuing companies in the 1980s. He almost never won the takeover battles he fought. But that didn\u0027t stop him from trying, or pulling in millions from the process. He once got half a million dollars for offering to make a loan to Saul Steinberg, a fellow corporate raider, that he never made for a buyout of Disney that never happened. When Jacobs was called to testify in front of Congress, he\u00a0decried \u0022greenmail,\u0022 handouts that corporations would pay to Jacobs and others to go away. But was that going to stop him from taking them? Heck no. This article finds Jacobs about to finally land a deal. But\u00a0you don\u0027t get the sense that man\u00a0who was known as \u0022Irv the Liquidator\u0022 has any idea what to do with the company he\u0027s about to buy. That\u0027s not really part of his story.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/16\/irwin-jacobs-lands-a-big-one-finally\/\u0022\u003ERead the full story from 1985 here.\u003C\/a\u003E\u003C\/p\u003E\n","native_sponsor":"","native_content":""},{"title":"The last days of Drexel Burnham","img":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/00109551_109551.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","img_credit":"Photograph by Richard Vogel \u2014 Liaison","content":"\u003Cp\u003EDid \u003Cspan class=\u0022highlight\u0022\u003EDrexel\u003C\/span\u003E do itself in? Or was it done in? This article takes the final tally of the company that fueled the LBO craze by inventing the junk bond market that became the currency of corporate raiders. Michael Milken built a beautiful money-making machine. The same corporate raiders who bought corporate debt would issue it themselves to do massive takeovers\u2014the LBOs. And when they wanted advice on their deals, they would come to pay up for Milken\u0027s top M\u0026amp;A bankers, who were lured to the firm by all of the profit the junk bond business was bringing in. But it all came crashing down.\u003C\/p\u003E\n\u003Cp\u003EHow? \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/16\/the-last-days-of-drexel-burnham\/\u0022\u003ERead Fortune\u0027s 1990 article that tells you\u00a0what doomed Drexel.\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n","native_sponsor":"","native_content":""},{"title":"Buyout Kings","img":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/ap_881202063.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","img_credit":"Photograph by AP","content":"\u003Cp\u003ELegendary \u003Cem\u003EFortune\u003C\/em\u003E writer Carol Loomis gets as inside a look as anyone could get at the time of the legendary buyout shop KKR, which is still around today. For this profile, Henry Kravitz and George Roberts refuse to talk to Loomis, but that doesn\u0027t stop her from giving a compelling take of what is right and wrong at one of the most powerful and successful purveyors of the LBO. Nothing at KKR is nailed down. Everything they own is managed to be moved off to some other investor. Here\u0027s how Loomis beautifully describes it:\u003C\/p\u003E\n\u003Cblockquote\u003E\u003Cp\u003EKKR\u2019s dynamics call to mind a troop of hoofers like the Rockettes, in circular march. On one side of the circle, imagine, a Rockette peels off and disappears into the wings, followed seriatim by others. On the other side, new Rockettes join, one by one, preserving the circle and in fact gradually enlarging it, until the stage seems almost to fill. The character of the dancers changes too. The Rockettes coming on are each taller, leggier, more statuesque, and more glamorous than those peeling off. My God, will the next be an Amazon?\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/16\/buyout-kings\/\u0022\u003ERead the full 1988 article here.\u003C\/a\u003E\u003C\/p\u003E\n","native_sponsor":"","native_content":"","list_item_ad_id":"listicle-ad-1372202-1","list_item_ad_pos":1},{"title":"The new siege at RJR Nabisco","img":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/00239618_239618.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","img_credit":"Photograph by John Abbott","content":"\u003Cp\u003EThis article serves as a coda to the 1980s LBO boom. The most well-known deal of that decade, RJR Nabisco, was actually struck right at the tail end of the era. By 1993, Drexel Burman is gone, Milken is in jail, and the barbarians have been silenced. But RJR Nabisco is still around, and now it, and the firm that bought it, KKR again, has to figure out how to manage without the support of the debt-fueled markets that made\u00a0it the largest buyout of all time.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/16\/the-new-siege-at-rjr-nabisco\/\u0022\u003ERead the complete 1993 \u003Cem\u003EFortune\u003C\/em\u003E account of what became of RJR Nabisco after the barbarians left.\u003C\/a\u003E\u003C\/p\u003E\n","native_sponsor":"","native_content":""}]},"intro_listicle_ad":"listicle-ad-1372202-0","related_posts":[]},{"id":1372498,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/17\/warren-buffett-zingers-mpw\/","title":"Here are Warren Buffett\u0027s zingers from this year\u0027s Most Powerful Women Summit","content":"\u003Cp\u003EWarren Buffett, the Oracle of Omaha, is well-known for making wisecracks from time to time. And when he was invited to speak with \u003Cem\u003EFortune\u0026#8217;s\u003C\/em\u003E Carol Loomis at \u003Ca href=\u0022http:\/\/fortune.com\/mpw\/\u0022\u003Ethe Most Powerful Women Summit this year\u003C\/a\u003E, he certainly didn\u0026#8217;t disappoint.\u003C\/p\u003E\n\u003Cp\u003EHere\u0026#8217;s a look at some of his best zingers from the event.\u003C\/p\u003E\n\u003Cp\u003EAt one point during the conversation, Loomis quizzed Buffett on his thoughts about activist investors and, notably, whether he\u0026#8217;d ever consider becoming one. \u0026#8220;What is your own personal appetite for joining with the activists?\u0026#8221; she asked. \u0026#8220;Well, it\u0026#8217;s zero,\u0026#8221; he replied. \u0026#8220;Zero. Yeah.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThe discussion covered Wall Street, too. The Berkshire Hathaway CEO and billionaire investor offered his humorous perspective on how people interact there.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Carol and I had a friend that described Wall Street in terms of the way it operates as having the innovators, the imitators, and the swarming incompetence,\u0026#8221; he said, as the room of executives broke out into laughter. \u0026#8220;And essentially that\u0026#8217;s the way money attraction is.\u0026#8221;\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00221\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4562623979001-1\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224562623979001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1VWJE5q\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/mpw_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dberkshirehathaway%2Cfortunelive%2Cleighgallagher%2Cmostpowerfulwomensummit2015%2Cwarrenbuffett%2Cwarrenbuffettberkshirehathaway%2Cwarrenbuffettmostpowerfulwomen%2Cwarrenbuffettmostpowerfulwomensummit%2Cyoutube%26ch%3Dmpw%26topic%3Dfortunelive\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003EWith the upcoming U.S. election for president, Loomis took the opportunity to ask Buffett for his views on politics: \u0026#8220;It\u0026#8217;s a great spectator sport,\u0026#8221; he said. \u0026#8220;I wouldn\u0026#8217;t want to be a participant, but I like it as a great spectator sport.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EBuffett, a supporter of Hillary Clinton \u003Ca href=\u0022http:\/\/fortune.com\/2014\/10\/07\/warren-buffett-on-clinton-2016-hillary-is-going-to-win\/\u0022 target=\u0022_blank\u0022\u003Ewho predicted that she would run for president and win\u003C\/a\u003E, also answered a question about the email controversy that has rocked Clinton\u0026#8217;s candidacy recently: \u0026#8220;And how about the email controversy?\u0026#8221; asked Loomis. \u0026#8220;Do you think that could maybe have been handled a little bit better?\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Yeah. it could\u0026#8217;ve been handled better,\u0026#8221; he said with a grin. \u0026#8220;Yeah.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThe discussion didn\u0026#8217;t only center on politics and investing. Buffett also took some time to talk about marriage, too: \u0026#8220;My partner Charlie Munger said if you want to guarantee yourself a life of misery, marry somebody with the idea of changing them.\u0026#8221;\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00222\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4555209253001-2\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224555209253001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1VWJE5q\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/mpw_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3D2016election%2Cberkshirehathaway%2Cchairmanandceo%2Cmostpowerfulwomen%2Cwarrenbuffett%2Cyoutube%26ch%3Dmpw%26topic%3Dmostpowerfulwomen\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003ELoomis next asked: \u0026#8220;Didn\u0026#8217;t he also say if you want to have a happy marriage\u0026#8230;\u0026#8221; At that point, Buffett put up his hand to interject: \u0026#8220;No. He said if you want to have a marriage that will last,\u0026#8221; prompting more laughter from the room. \u0026#8220;He said, \u0026#8216;What quality do you look for in a spouse? Do you look for beauty? Do you look for brains? Do you look for character? Do you look for honesty? Do you look for humor?\u0026#8217; No, no no,\u0026#8221; added Buffett. \u0026#8220;You want to marry the last\u2014look for someone with low expectations.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EIn his annual letter to shareholders from 2015, Buffett also provided a feast of one-liners, \u003Ca href=\u0022http:\/\/fortune.com\/2015\/02\/28\/warren-buffetts-annual-letter-quotes\/\u0022\u003Eas collected by \u003Cem\u003EFortune\u0026#8217;s\u003C\/em\u003E Stephen Gandel\u003C\/a\u003E. Just a taste: He discussed why managers should be objective in their investing, saying: \u0026#8220;If horses had controlled investment decisions, there would have been no auto industry,\u0026#8221; Buffett wrote.\u003C\/p\u003E\n","time":{"pretty":"October 17, 2015","published":"2015-10-17 12:14:05","updated":"2015-10-17 12:14:05","minute":"12:14 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/17\/warren-buffett-zingers-mpw\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/17\/warren-buffett-zingers-mpw\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/17\/warren-buffett-zingers-mpw\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Warren Buffett\u0027s zingers from this year\u0027s Most Powerful Women Summit","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/21514036504_cceb91d381_o.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Stuart Isett Attribution-NonCommercial-NoDerivs","caption":"Warren Buffett, right, with Fortune\u0026#039;s Carol Loomis.","attach_id":"1364937"},"excerpt":"\u003Cp\u003EHis greatest hits from this year\u0026#8217;s event.\u003C\/p\u003E\n","authors":[{"id":"294393","url":"http:\/\/fortune.com\/author\/benjamin-snyder\/","name":"Benjamin Snyder","twitter":"WriterSnyder","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-snyder-3271.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-snyder-3271.jpg?quality=80\u0026w=150",150,150,true],"bio":"Benjamin Snyder is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10268,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":13472387,"name":"Activist Investors","slug":"activist-investors","term_group":0,"term_taxonomy_id":114307,"taxonomy":"post_tag","description":"","parent":0,"count":65,"filter":"raw"},{"term_id":8420482,"name":"Carol Loomis","slug":"carol-loomis","term_group":0,"term_taxonomy_id":112000,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":64094,"name":"Hillary Clinton","slug":"hillary-clinton","term_group":0,"term_taxonomy_id":109890,"taxonomy":"post_tag","description":"","parent":0,"count":172,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"},{"term_id":359769,"name":"Most Powerful Women","slug":"most-powerful-women","term_group":0,"term_taxonomy_id":47099,"taxonomy":"post_tag","description":"","parent":0,"count":876,"filter":"raw"},{"term_id":195062927,"name":"MPW","slug":"mpw-2","term_group":0,"term_taxonomy_id":47097,"taxonomy":"post_tag","description":"","parent":0,"count":1088,"filter":"raw"},{"term_id":398,"name":"Politics","slug":"politics","term_group":0,"term_taxonomy_id":56498,"taxonomy":"post_tag","description":"","parent":0,"count":288,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2965,"filter":"raw"},{"term_id":1429783,"name":"wall st","slug":"wall-st","term_group":0,"term_taxonomy_id":113288,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":18220,"name":"Wall Street","slug":"wall-street","term_group":0,"term_taxonomy_id":47014,"taxonomy":"post_tag","description":"","parent":0,"count":236,"filter":"raw"},{"term_id":15920,"name":"Warren Buffett","slug":"warren-buffett","term_group":0,"term_taxonomy_id":59675,"taxonomy":"post_tag","description":"","parent":0,"count":205,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Most Powerful Women","slug":"most-powerful-women","url":"http:\/\/fortune.com\/tag\/most-powerful-women\/"},"f500_tag":false,"paid":false,"paid_excerpt":"His greatest hits from this year\u0026#8217;s event.","seo":{"seo_title":"Warren Buffett MPW Zingers: Activist Investors, Wall St. And Hillary","seo_description":"Here\u0027s a look at some of Warren Buffett\u0027s best zingers from this year\u0027s MPW event.","seo_keywords":"Most Powerful Women, MPW, Warren Buffett, Leadership, Carol Loomis, Hillary Clinton, Politics, Activist Investors, Wall St., Pubdesk","seo_news_keywords":"Most Powerful Women, MPW, Warren Buffett, Leadership, Carol Loomis, Hillary Clinton, Politics, Activist Investors, Wall St., Pubdesk","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/17\/warren-buffett-zingers-mpw\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F17%2Fwarren-buffett-zingers-mpw%2F","shortlink":"http:\/\/for.tn\/1VWJE5q","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1VWJE5q","encoded_title":"Here+are+Warren+Buffett%E2%80%99s+zingers+from+this+year%E2%80%99s+Most+Powerful+Women+Summit","twitter_text":"Here are Warren Buffett\u0027s latest zingers from this year\u0027s Most Powerful Women Summit","twitter_via":"FORTUNE","facebook_desc":"Here are Buffett\u0027s greatest hits from this year\u0027s event.","facebook_title":"Here Are Warren Buffett\u0027s Latest Zingers From This Year\u0027s Most Powerful Women Summit"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23878,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1372498-0","in-article-ad-1372498-1","in-article-ad-1372498-2"]},{"id":1365020,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/13\/mondelez-activist-investors\/","title":"Mondelez CEO: Companies ignore activist investors \u0027at their peril\u0027","content":"\u003Cp\u003EMondelez CEO Irene Rosenfeld has the ill-fated distinction of being one of the business world\u0026#8217;s foremost experts when it comes to dealing with activist investors.\u003C\/p\u003E\n\u003Cp\u003EActivists circled Kraft in 2011 as she made the decision to break the company into two. Now as the head of the resulting $34 billion snack business whose brands include Oreo, Ritz, and Trident, Rosenfeld is feeling the pressure again. Hedge fund manager Bill Ackman announced in August that he had taken about a 7.5% stake in Mondelez \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MDLZ\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/mdlz\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMDLZ\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, and the agitations of Trian Fund Management\u2019s Nelson Peltz resulted in him taking a seat on the board.\u003C\/p\u003E\n\u003Cp\u003ESo what\u2019s her advice as someone who\u2019s well versed in dealing with activists? Engage all shareholders. \u201cWe have to listen to what they have to say, and in the case of activists, one chooses not to engage at their peril,\u201d she said at \u003Cem\u003EFortune\u2019s\u003C\/em\u003E \u003Ca href=\u0022http:\/\/fortune.com\/mpw\/\u0022\u003EMost Powerful Women\u003C\/a\u003E summit on Tuesday.\u003C\/p\u003E\n\u003Cp\u003EBut while activists are vocal and have strong positions, Rosenfeld added, sometimes the \u201cnature of their holdings does not justify the loudness with which they speak\u201d and, in many cases, they don\u2019t know the companies they target all that well.\u003C\/p\u003E\n\u003Cp\u003EIn the case of Peltz, Rosenfeld said that he had a great deal of experience in the consumer goods industry and that he had more operating experience than many other activists. That\u2019s one of the reasons why the company gave him a board seat\u2014\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/30\/mondelez-nelson-peltz-on-board\/\u0022\u003Ea decision\u003C\/a\u003E Rosenfeld has said was one of her most difficult and important. She noted that he\u2019s been a \u201chighly constructive\u201d director.\u003C\/p\u003E\n\u003Cp\u003EWhen asked why there aren\u2019t any female activists, Rosenfeld told \u003Cem\u003EFortune\u003C\/em\u003E\u0026#8216;s Pattie Sellers, \u201cWomen perhaps might choose to do things in a slightly less public way, and they might get them done faster.\u201d\u003C\/p\u003E\n\u003Cp\u003ERosenfeld noted that she believes one of the reasons Mondelez has been a target of activists is simply because it\u2019s a good investment. The company has the unusual portfolio of getting 85% of its revenue from snacks and 40% from emerging markets. \u201cI\u2019m not surprised to see that it\u2019s garnered the attention of prominent investors,\u201d she said.\u003C\/p\u003E\n\u003Cp\u003ERosenfeld added that she watched with interest the battle that \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/13\/dupont-board-ellen-kullman\/\u0022\u003EEllen Kullman at DuPont\u003C\/a\u003E \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022DD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/dd\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EDD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E fought against Peltz and \u201ccheered her on\u201d when she won her proxy fight. But in the case of Mondelez, she noted, it made sense to accept Peltz rather than push back, because he was aligned with the company\u2019s goals. \u201cEach company has to look at the circumstances through their own lens,\u201d she said.\u003C\/p\u003E\n\u003Cp\u003EBoth Peltz and Ackman have pressured Mondelez to cut costs, which Rosenfeld said the company has been doing, as a strong dollar has meant its products are more expensive in local currencies. Input costs have also risen as commodity prices for ingredients like cocoa have increased.\u003C\/p\u003E\n\u003Cp\u003EBut cutting costs has to be sustainable, Rosenfeld warned. Sometimes companies \u201cget themselves into a jam and cancel the budget for the following two quarters,\u0026#8221; she said. \u0026#8220;That\u2019s not very productive.\u201d She added that Mondelez was an early adopter of zero-based budgeting, which has allowed the company to shift resources to efforts like marketing and innovation.\u003C\/p\u003E\n\u003Cp\u003EIn Rosenfeld\u2019s view, one of the most overlooked trends in the food industry is e-commerce, which she said makes up only 2% of snack sales today. Mondelez is working on online-only products, such as customizable goods like Oreos for weddings. Right now, she said, it\u2019s a $100 million business, but the company is trying to build it into a $1 billion operation.\u003C\/p\u003E\n\u003Cp\u003EIn addition to e-commerce, Rosenfeld said Mondelez is focused on improving the overall health profile of its products by using lighter filling and whole grains and taking out sodium and saturated fats. She said that by 2020, she wants half of the company\u2019s products to be focused on health and wellness.\u003C\/p\u003E\n","time":{"pretty":"October 13, 2015","published":"2015-10-13 01:01:43","updated":"2015-10-13 01:01:43","minute":"1:01 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/13\/mondelez-activist-investors\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/13\/mondelez-activist-investors\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/13\/mondelez-activist-investors\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Mondelez CEO: Companies ignore activist investors \u0027at their peril\u0027","post_type":"post","featured_type":"video","featured_video":{"html":"\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00221\u0022 data-pos=\u00223\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4555159175001-3\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022100%\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022100%\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224555159175001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1PduYQd\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/mpw_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dceoofmondelezinternational%2Cchairmanandceoofmondelezinternational%2Cirenerosenfeld%2Cirenerosenfeldceo%2Cirenerosenfeldfortune%2Cmondelez%2Cmondelezinternational%2Cmostpowerfulwomen%2Cmostpowerfulwomensummit2015%2Cpattiesellers%2Cyoutube%26ch%3Dmpw%26topic%3Dmostpowerfulwomen\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E","featured_image":"","class":"featured-vid-article_full","caption":""},"excerpt":"\u003Cp\u003EIrene Rosenfeld offers a little advice on how to handle high-profile shareholders at Fortune\u0026#8217;s Most Powerful Women summit.\u003C\/p\u003E\n","authors":[{"id":"381326","url":"http:\/\/fortune.com\/author\/beth-kowitt\/","name":"Beth Kowitt","twitter":"bethkowitt","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026w=150",150,150,true],"bio":"Beth Kowitt is a writer at Fortune Magazine","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":13472387,"name":"Activist Investors","slug":"activist-investors","term_group":0,"term_taxonomy_id":114307,"taxonomy":"post_tag","description":"","parent":0,"count":65,"filter":"raw"},{"term_id":2985998,"name":"Bill Ackman","slug":"bill-ackman","term_group":0,"term_taxonomy_id":48667,"taxonomy":"post_tag","description":"","parent":0,"count":43,"filter":"raw"},{"term_id":298009,"name":"consumer goods","slug":"consumer-goods","term_group":0,"term_taxonomy_id":110094,"taxonomy":"post_tag","description":"","parent":0,"count":8,"filter":"raw"},{"term_id":406864325,"name":"Irene Rosenfeld","slug":"irene-rosenfeld-2","term_group":0,"term_taxonomy_id":150788,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":83695626,"name":"Mondelez","slug":"mondelez","term_group":0,"term_taxonomy_id":119175,"taxonomy":"post_tag","description":"","parent":0,"count":13,"filter":"raw"},{"term_id":359769,"name":"Most Powerful Women","slug":"most-powerful-women","term_group":0,"term_taxonomy_id":47099,"taxonomy":"post_tag","description":"","parent":0,"count":876,"filter":"raw"},{"term_id":6632312,"name":"Nelson Peltz","slug":"nelson-peltz","term_group":0,"term_taxonomy_id":113437,"taxonomy":"post_tag","description":"","parent":0,"count":37,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Most Powerful Women","slug":"most-powerful-women","url":"http:\/\/fortune.com\/tag\/most-powerful-women\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Irene Rosenfeld offers a little advice on how to handle high-profile shareholders at Fortune\u0026#8217;s Most Powerful Women summit.","seo":{"seo_title":"Mondelez CEO: Companies ignore activist investors \u0027at their peril\u0027","seo_description":"Mondelez CEO Irene Rosenfeld offers a little advice on how to handle high-profile shareholders at Fortune\u0027s Most Powerful Women summit.","seo_keywords":"Mondelez, activist investors, Most Powerful Women, MPW, Irene Rosenfeld, activist investors, Nelson Peltz, Bill Ackman","seo_news_keywords":"Mondelez, activist investors, Most Powerful Women, MPW, Irene Rosenfeld, activist investors, Nelson Peltz, Bill Ackman","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/13\/mondelez-activist-investors\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F13%2Fmondelez-activist-investors%2F","shortlink":"http:\/\/for.tn\/1PduYQd","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1PduYQd","encoded_title":"Mondelez+CEO%3A+Companies+ignore+activist+investors+%E2%80%98at+their+peril%E2%80%99","twitter_text":"Mondelez CEO: Companies ignore activist investors \u0027at their peril\u0027","twitter_via":"FORTUNE","facebook_desc":"Mondelez CEO Irene Rosenfeld offers a little advice on how to handle high-profile shareholders at Fortune\u0027s Most Powerful Women summit.","facebook_title":"Mondelez CEO: Companies ignore activist investors \u0027at their peril\u0027"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23863,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1365020-0"]}]},"id":"1038676","ad":{"type":"ad"},"button_ads":true},"in_article_ad_id":["in-article-ad-1038676-0"]},{"id":1403516,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/bond-market-rally\/","title":"Bond Market Rally: It\u0027s Not Time for Economic Celebration Just Yet","content":"\u003Cp\u003EBe careful how much you read into the recent bond market rally. It may not spell great economic times to come, as some are suggesting.\u003C\/p\u003E\n\u003Cp\u003ERemember, the debt market was a source of concern just a month ago. Spreads on corporate bonds, the difference in interest rates that companies have to pay to borrow money and the rate on U.S. Treasuries, were rising and had reached their highest level in a while. It signaled that bond market investors thought companies would have a harder time paying back their debt. And several commentators were saying that was a bad thing for the economy because companies would have to pay more to borrow, lowering earnings. That added to the anxiety over the stock market coming into October.\u003C\/p\u003E\n\u003Cp\u003EOctober, though, was a good month for corporate bonds and bond sales. Companies with investment grade credit issued more than $100 billion in bonds. And corporate bond markets rallied, lowering borrowing costs. And the spread between corporate bonds and Treasuries narrowed. So nothing to worry about, right?\u003C\/p\u003E\n\u003Cp\u003ENot quite. Over the past few years, there has been a lot of discussion about the connection between the stock market and the economy. The Dow Jones Industrial Average shot up well before the unemployment rate fell. And stocks have been falling lately while the unemployment rate is the lowest it has been in years. This has led some to conclude that the stock market is not a great indicator of where the economy is headed. It\u0026#8217;s just traders, high frequency computers really, pushing the price of stocks up and down.\u003C\/p\u003E\n\u003Cp\u003EAt the same time, though, there seems to be a consensus on Wall Street that, unlike the stock market, the bond market has the ability to predict the direction of the economy. Jim Bianco, an investment strategist who runs his own firm in Chicago, says that has been the case in the past. But there are a number of reasons to think that\u0026#8217;s may not be the case this time. First of all, bond yields are at historic lows. That\u0026#8217;s made any move in the bond market look bigger, and more predictive, than it is. Second, as Bianco points out, energy companies have done a lot of the new borrowing over the past few years. And given the recent drop in the price of oil, energy companies may struggle to pay back their debts. That\u0026#8217;s tied the health of the bond market to the price of oil much more than usual. But while low oil prices could be bad for indebted energy companies, it actually should be good for the economy in general.\u003C\/p\u003E\n\u003Cp\u003ETom Atteberry, who manages the FPA New Income fund, says the other problem with the bond market is that the majority of borrowing seems to be for corporate stock buybacks or M\u0026amp;A, not to fund corporate expansion projects. So, just because companies are borrowing more doesn\u0026#8217;t mean we will see more economic activity.\u003C\/p\u003E\n\u003Cp\u003EEven if the bond market tends to lead the stock market, that doesn\u0026#8217;t seem to be the case now. Bond markets sold off in August and September due to an extreme and unpredicted rise in volatility in the stock market and fears that an emerging market slowdown was going to hurt the U.S. economy. Those fears have eased. The stock market rallied in October. In general, that\u0026#8217;s made investors less risk-averse, and the bond market has rallied. \u0026#8220;There are times when the bond market leads the stock market and times when the stock market leads the bond market,\u0026#8221; says Jim Keenan, global head of fundamental credit at Blackrock. \u0026#8220;I don\u0026#8217;t think the bond market\u0026#8217;s predictive power is that much better than the stock market.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003ELastly, the bond market hasn\u0026#8217;t been all that helpful as an economic indicator. Corporate bond spreads hit their narrowest levels in June 2014, when the average corporate borrowing rate was 1.06 percentage points higher than average Treasury yields. From there, corporate bond spreads started to grow wider, meaning the bond market was getting nervous. But that was more than a year ago, and by most accounts the economy has continued to improve, albeit slowly. Last month, corporate bond rates were 1.8 percentage points higher than Treasuries. And now they have shrunk to 1.67 percentage points. But that\u0026#8217;s not a very big move.\u003C\/p\u003E\n\u003Cp\u003EThe bond market might be telling you something about where the economy is headed. But these days I\u0026#8217;m not sure I would trust it any more than the Dow.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 04:07:24","updated":"2015-11-02 04:07:24","minute":"4:07 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/bond-market-rally\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/bond-market-rally\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/bond-market-rally\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Bond Market Rally: It\u0027s Not Time for Economic Celebration Just Yet","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/microsoft.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Stephen Lam\u2014Getty Images","caption":"Microsoft sold $13 billion in bonds last week, one of the many sales that suggested to some that the economy was improving.","attach_id":"1363294"},"excerpt":"\u003Cp\u003EThe relationship between the bond market and the economy is anything but cut and dry.\u003C\/p\u003E\n","authors":[{"id":"462422","url":"http:\/\/fortune.com\/author\/stephen-gandel\/","name":"Stephen Gandel","twitter":"stephengandel","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Stephen Gandel headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026w=150",150,150,true],"bio":"Stephen Gandel is a senior editor at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13488,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":956244,"name":"Bond Market","slug":"bond-market","term_group":0,"term_taxonomy_id":116654,"taxonomy":"post_tag","description":"","parent":0,"count":10,"filter":"raw"},{"term_id":609520,"name":"Corporate Bonds","slug":"corporate-bonds","term_group":0,"term_taxonomy_id":119894,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":22882996,"name":"corporate borrowing","slug":"corporate-borrowing","term_group":0,"term_taxonomy_id":154088,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":609521,"name":"corporate debt","slug":"corporate-debt","term_group":0,"term_taxonomy_id":50018,"taxonomy":"post_tag","description":"","parent":0,"count":7,"filter":"raw"},{"term_id":22790,"name":"Debt","slug":"debt","term_group":0,"term_taxonomy_id":50423,"taxonomy":"post_tag","description":"","parent":0,"count":70,"filter":"raw"},{"term_id":2930147,"name":"Economic Recovery","slug":"economic-recovery","term_group":0,"term_taxonomy_id":50902,"taxonomy":"post_tag","description":"","parent":0,"count":52,"filter":"raw"},{"term_id":8590,"name":"Economy","slug":"economy","term_group":0,"term_taxonomy_id":47033,"taxonomy":"post_tag","description":"","parent":0,"count":419,"filter":"raw"},{"term_id":27740242,"name":"Investor\u0027s Guide","slug":"investors-guide","term_group":0,"term_taxonomy_id":53147,"taxonomy":"post_tag","description":"","parent":0,"count":34,"filter":"raw"},{"term_id":12556012,"name":"U.S. economy","slug":"u-s-economy","term_group":0,"term_taxonomy_id":48383,"taxonomy":"post_tag","description":"","parent":0,"count":69,"filter":"raw"},{"term_id":9986,"name":"unemployment","slug":"unemployment","term_group":0,"term_taxonomy_id":47036,"taxonomy":"post_tag","description":"","parent":0,"count":111,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Investor\u0027s Guide","slug":"investors-guide","url":"http:\/\/fortune.com\/tag\/investors-guide\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The relationship between the bond market and the economy is anything but cut and dry.","seo":{"seo_title":"Bond market rally may not signal economic recovery","seo_description":"Bond prices have been rising, and companies are offering more debt, but that may say less about where the economy is headed than you think.","seo_keywords":"bond market, corporate bonds, debt, corporate debt, corporate borrowing, economic recovery, u.s. economy, unemployment","seo_news_keywords":"bond market, corporate bonds, debt, corporate debt, corporate borrowing, economic recovery, u.s. economy, unemployment","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/bond-market-rally\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fbond-market-rally%2F","shortlink":"http:\/\/for.tn\/1Ojd8vu","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1Ojd8vu","encoded_title":"Bond+Market+Rally%3A+It%E2%80%99s+Not+Time+for+Economic+Celebration+Just+Yet","twitter_text":"Bond Market Rally: It\u0027s Not Time for Economic Celebration Just Yet","twitter_via":"FORTUNE","facebook_desc":"Bond prices have been rising, and companies are offering more debt, but that may say less about where the economy is headed than you think.","facebook_title":"Bond market rally may not signal economic recovery"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23919,"filter":"raw"},"related_posts":[{"id":1399585,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/bill-ackman-valeant-berkshire-hathaway\/","title":"Bill Ackman thought Valeant was the next Berkshire Hathaway","content":"\u003Cp\u003EA lot of investors have been comparing Valeant Pharmaceuticals to a lot of other companies lately. There was Citron Research, which last week issued a report calling Valeant \u0026#8220;\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/21\/valeant-philidor-stock-plummet\/\u0022 target=\u0022_blank\u0022\u003Ethe pharmaceutical Enron\u003C\/a\u003E,\u0026#8221; setting off a \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/22\/valeant-accounting-problems\/\u0022 target=\u0022_blank\u0022\u003Estorm of criticism\u003C\/a\u003E over the drugmaker\u0026#8217;s accounting practices. Earlier today, Fortune columnist Joshua Brown (a.k.a. \u003Ca href=\u0022http:\/\/thereformedbroker.com\/\u0022 target=\u0022_blank\u0022\u003Ethe Reformed Broker\u003C\/a\u003E) \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/valeant-itt-charlie-munger\/\u0022 target=\u0022_blank\u0022\u003Ereminded us\u003C\/a\u003E that way back in April, Berkshire Hathaway vice chairman Charlie Munger likened Valeant to ITT Corporation \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022ITT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/itt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EITT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, a conglomerate that infamously was \u003Ca href=\u0022http:\/\/fortune.com\/2011\/05\/19\/the-dismantling-of-harold-geneens-itt\/\u0022 target=\u0022_blank\u0022\u003Eforced to split itself up\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EMunger\u0026#8217;s analogy is particularly ironic because Valeant \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022VRX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/vrx\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EVRX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E has also been compared to Berkshire Hathaway \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022brk.a\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/brk-a\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003Ebrk.a\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E\u2014by Bill Ackman, the hedge fund manager whose firm Pershing Square is one of Valeant\u0026#8217;s largest shareholders.\u003C\/p\u003E\n\u003Cp\u003EAt an investment conference in May, Ackman explained that his long position in the pharma firm stemmed from his belief that Valeant\u0026#8217;s aggressive acquisition style\u2014and the outsized returns it had so far produced\u2014made the company akin to a \u003Ca href=\u0022http:\/\/fortune.com\/2015\/05\/04\/bill-ackman-valeant-could-be-next-berkshire-hathaway\/\u0022 target=\u0022_blank\u0022\u003Eyounger version of Warren Buffett\u0026#8217;s Berkshire.\u003C\/a\u003E \u0026#8220;Valeant is a very early-stage Berkshire,\u0026#8221; Ackman said in his presentation. Expressing his awe over the big stock price pops triggered by Valeant\u0026#8217;s M\u0026amp;A announcements, Ackman continued, \u0026#8220;Shareholders should not be allowed to make this much money.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EBut on a \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/bill-ackman-valeant\/\u0022 target=\u0022_blank\u0022\u003Econference call defending his Valeant investment\u003C\/a\u003E on Friday, Ackman did not repeat the Berkshire metaphor. (He did, however, liken himself to Buffett, in that Buffett bought shares in American Express \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AXP\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/axp\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAXP\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E after a \u003Ca href=\u0022http:\/\/archive.fortune.com\/magazines\/fortune\/fortune_archive\/1995\/10\/30\/207195\/index.htm\u0022 target=\u0022_blank\u0022\u003E1963 scandal caused their price to swoon\u003C\/a\u003E. Ackman \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/22\/valeant-short-seller-on-pharmacy-alliance-its-the-turd-in-the-punch-bowl\/\u0022 target=\u0022_blank\u0022\u003Eupped his stake in Valeant\u003C\/a\u003E last week as its share price \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/ackman-pershing-valeant\/\u0022 target=\u0022_blank\u0022\u003Eplummeted\u003C\/a\u003E amid the allegations.)\u003C\/p\u003E\n\u003Cp\u003EInstead, Ackman suggested that Valeant might have something in common with Amazon \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AMZN\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/amzn\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAMZN\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E. The hedge fund manager\u0026#8217;s investor call came on the heels of Valeant\u0026#8217;s announcement earlier Friday morning that it was \u0026#8220;\u003Ca href=\u0022http:\/\/blogs.wsj.com\/moneybeat\/2015\/10\/30\/bill-ackmans-call-with-valeant-pre-game-analysis\/\u0022 target=\u0022_blank\u0022\u003Esevering all ties\u003C\/a\u003E\u0026#8221; with Philidor Rx Services, the mail-order pharmacy whose \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/26\/valeant-accounting-scandal-questions\/\u0022 target=\u0022_blank\u0022\u003Erelationship with the drug company\u003C\/a\u003E had sparked the whole hullabaloo about potential wrongdoing. But shortly after Ackman got on the phone, he plugged mail-order pharmacies, indicating that they presented an opportunity for both Valeant as well as Amazon CEO Jeff Bezos. \u003Ca href=\u0022http:\/\/blogs.wsj.com\/moneybeat\/2015\/10\/30\/bill-ackmans-call-with-valeant-pre-game-analysis\/\u0022 target=\u0022_blank\u0022\u003EThe Wall Street Journal\u003C\/a\u003E reported the comments:\u003C\/p\u003E\n\u003Cblockquote\u003E\u003Cp\u003EBill Ackman said he has an idea for Jeff Bezos: mail-order pharmacies.\u003C\/p\u003E\n\u003Cp\u003EIf you want to think about traditional retail pharmacies, it should be disintermediated. \u201cSpecialty pharmacy is the future of the industry,\u201d he said.\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003EAs for whether Ackman still believes Valeant could be the next Berkshire Hathaway, a spokesperson for the hedge fund manager did not respond to a request for comment.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00224\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4587719283001-4\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224587719283001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1kZu7X8\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/health_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbusinessnews%2Ccanadanews%2Cphilidordoctors%2Cphilidordrugs%2Cphilidorreport%2Cusnews%2Cvaleant%2Cvaleantbillackman%2Cvaleantpharmaceuticals%2Cvaleantphilidor%2Cvaleantreport%2Cvaleantstock%26ch%3Dhealth%26topic%3Dvaleant\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 06:01:18","updated":"2015-10-30 06:01:18","minute":"6:01 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/bill-ackman-valeant-berkshire-hathaway\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/bill-ackman-valeant-berkshire-hathaway\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/bill-ackman-valeant-berkshire-hathaway\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Bill Ackman thought Valeant was the next Berkshire Hathaway","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-472161570.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Andrew Harrer \u2014 Bloomberg via Getty Images","caption":"Hedge fund manager Bill Ackman at the 2015 Sohn Investment Conference, where he described Valeant as \u0026quot;a very early-stage Berkshire.\u201d","attach_id":"1399973"},"excerpt":"\u003Cp\u003E\u0026#8220;Shareholders should not be allowed to make this much money,\u0026#8221; Ackman said at the time.\u003C\/p\u003E\n","authors":[{"id":"462439","url":"http:\/\/fortune.com\/author\/jen-wieczner\/","name":"Jen Wieczner","twitter":"jenwieczner","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jen-wieczner-7341.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jen-wieczner-7341.jpg?quality=80\u0026w=150",150,150,true],"bio":"Jen Wieczner is a writer-reporter for Fortune","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13482,"filter":"raw"},{"term_id":337,"name":"Health","slug":"health","term_group":0,"term_taxonomy_id":139628,"taxonomy":"category","description":"News about health and health services sectors, including healthcare, biotechnology, genetic research, medicine, pharmaceuticals, and more.","parent":0,"count":227,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":15919,"name":"Berkshire Hathaway","slug":"berkshire-hathaway","term_group":0,"term_taxonomy_id":48589,"taxonomy":"post_tag","description":"","parent":0,"count":108,"filter":"raw"},{"term_id":2985998,"name":"Bill Ackman","slug":"bill-ackman","term_group":0,"term_taxonomy_id":48667,"taxonomy":"post_tag","description":"","parent":0,"count":43,"filter":"raw"},{"term_id":27740242,"name":"Investor\u0027s Guide","slug":"investors-guide","term_group":0,"term_taxonomy_id":53147,"taxonomy":"post_tag","description":"","parent":0,"count":33,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2963,"filter":"raw"},{"term_id":168588,"name":"Valeant","slug":"valeant","term_group":0,"term_taxonomy_id":59424,"taxonomy":"post_tag","description":"","parent":0,"count":33,"filter":"raw"},{"term_id":15920,"name":"Warren Buffett","slug":"warren-buffett","term_group":0,"term_taxonomy_id":59675,"taxonomy":"post_tag","description":"","parent":0,"count":205,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Investor\u0027s Guide","slug":"investors-guide","url":"http:\/\/fortune.com\/tag\/investors-guide\/"},"f500_tag":false,"paid":false,"paid_excerpt":"\u0026#8220;Shareholders should not be allowed to make this much money,\u0026#8221; Ackman said at the time.","seo":{"seo_title":"Hedge Fund Titan Bill Ackman: Valeant Like Berkshire Hathaway, Amazon","seo_description":"Valeant was just compared to Enron and ITT. But hedge fund manager Bill Ackman likens it to Warren Buffett\u0027s Berkshire Hathaway and Amazon.","seo_keywords":"valeant pharmaceuticals, bill ackman, hedge fund manager, pershing square capital management, scandal, enron, itt corp, berkshire hathaway, amazon, american express, warren buffett, charlie munger, Philidor Rx Services, jeff bezos, citron research, mail-order pharmacies, pubdesk","seo_news_keywords":"valeant pharmaceuticals, bill ackman, hedge fund manager, pershing square capital management, scandal, enron, itt corp, berkshire hathaway, amazon, american express, warren buffett, charlie munger, Philidor Rx Services, jeff bezos, citron research, mail-order pharmacies, pubdesk","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/bill-ackman-valeant-berkshire-hathaway\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fbill-ackman-valeant-berkshire-hathaway%2F","shortlink":"http:\/\/for.tn\/1kZu7X8","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1kZu7X8","encoded_title":"Bill+Ackman+thought+Valeant+was+the+next+Berkshire+Hathaway","twitter_text":"Bill Ackman thought Valeant was the next Berkshire Hathaway","twitter_via":"FORTUNE","facebook_desc":"Or the next Amazon","facebook_title":"Bill Ackman Thought Valeant Was the Next Berkshire Hathaway"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23854,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1399585-0","in-article-ad-1399585-1","in-article-ad-1399585-2"]},{"id":1398746,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/valeant-itt-charlie-munger\/","title":"The stock that ate Wall Street","content":"\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EThis spring, Charlie Munger \u003C\/span\u003E\u003Ca href=\u0022http:\/\/www.fool.ca\/2015\/04\/02\/why-is-warren-buffetts-right-hand-man-so-bearish-on-valeant-pharmaceuticals-intl-inc\/\u0022\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003Eheld court\u003C\/span\u003E\u003C\/a\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E at the annual shareholder meeting for the Daily Journal Corporation, a small newspaper company where he serves as chairman of the board. Someone asked him about Valeant, at that time one of the highest-flying stocks in the market. Munger didn\u0026#8217;t mince words: \u201c\u003C\/span\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EValeant is like ITT and Harold Geneen come back to life, only the guy is worse this time.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003EMunger was alluding to one of the worst conglomerates ever assembled by Wall Street\u2019s deal-making machine. And \u003Cspan style=\u0022font-weight:400;\u0022\u003E\u201cthe guy\u201d in this case is McKinsey veteran J. Michael Pearson, who had built Valeant into a $90 billion pharmaceutical conglomerate virtually overnight. Pearson is no scientific wunderkind, nor did Valeant have any breakthrough drug hit the shelves during his tenure. Instead, the company\u2019s rapid success could be chalked up to aggressive dealmaking of the sort we haven\u2019t seen since the late 1990s heyday of Tyco and Dennis Kozlowski. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EOver the past few weeks, Valeant \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022VRX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/vrx\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EVRX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E has been embroiled in the early stages of a scandal that now threatens to level the company and its largest shareholders should it spiral out of control. Short-sellers are alleging that the company has several pharmacies it controls that enable it to subvert prescription rules and \u201cstuff the channel\u201d with sales that never actually materialize. The company held a conference call last week to refute these claims, but the stock continues to crater as every new detail leads to additional questions. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EAs of this writing, Valeant has lost almost $50 billion in market cap since its stock price peaked this summer. Hedge fund manager and Valeant supporter Bill Ackman is said to be sitting on over $1.5 billion in losses from his firm\u2019s position in the stock. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EIn a gruesome bit of irony, the Warren Buffett-endorsed Sequoia Fund is one of Valeant\u2019s largest shareholders, with almost 30% of the fund\u2019s assets tied up in the stock. Led by investment advisory firm \u003C\/span\u003ERuane, Cunniff \u0026amp; Goldfarb\u003Cspan style=\u0022font-weight:400;\u0022\u003E, which was founded by a disciple of Benjamin Graham, the Sequoia Fund \u003C\/span\u003E\u003Ca href=\u0022http:\/\/www.sequoiafund.com\/Letter%20to%20Clients%20and%20Shareholders.pdf?curator=thereformedbroker\u0026amp;utm_source=thereformedbroker\u0022\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003Eissued an explanation\u003C\/span\u003E\u003C\/a\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E to its investors as two of its \u003C\/span\u003E\u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/two-of-five-independent-directors-of-sequoia-fund-valeants-largest-shareholder-resign-1446141695\u0022\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003Eboard directors resigned\u003C\/span\u003E\u003C\/a\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EMunger\u0026#8217;s Valeant-ITT comparison shouldn\u0026#8217;t be taken lightly. Over a period of nine years, Harold Geneen used his company International Telephone \u0026amp; Telegraph Corp to make more than 350 acquisitions in over 80 countries around the world. Sales exploded from $765 million in 1961 to over $17 billion in 1970, before the wheels started to come off. The empire was eventually revealed to be little more than a giant accounting trick that covered up the losses from one acquisition with the paper profits of the next one. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EBy the early 1970s, the wheels began to come off. Geneen and his monster became implicated in a million-dollar bribery scandal with the Nixon administration and charges that the firm attempted to undermine elections in Chile to further its business interests. You can see just how unflattering Munger\u2019s analogy is when you look at the decades it took to unwind the ITT nightmare once the wheeling and dealing came to an end. The ITT scandal was one of several story lines that kept a lid on stock market enthusiasm and helped contribute to the secular bear market that paralyzed stocks until the early 1980s. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EThe Valeant saga has yet to fully play out, but investors are right to be skittish. The company cannot conceivably continue on its acquisition spree with its stock price in free-fall; what potential target would accept it as currency? In the meantime, Valeant is now encumbered with \u003C\/span\u003E\u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/why-valeants-growth-is-under-pressure-1445279434\u0022\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003Eover $30 billion\u003C\/span\u003E\u003C\/a\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E in long-term debt, equal to roughly five times the amount of shareholders\u2019 equity. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EThe other leg to the Valeant story\u2014its ability to continue raising the prices of the drugs it acquires\u2014is also now on shaky ground. Presidential candidates on both sides are vocally expressing their disdain for the practice, and the issue has crossed into the mainstream. In the current politicized environment, it is inconceivable that Valeant and other drug companies will enjoy the same latitude to hike prices as it has over the last four years. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EWhether or not investors are directly exposed to the maelstrom surrounding Valeant, we all have something at stake. Should it turn out that the company is guilty of more than just free-wheeling accounting, the impact on all U.S. stocks will be negative. Episodes surrounding the likes of Tyco, Enron, and Worldcom after the turn of the millennium fed into broader distrust of the stock market and helped prolong the bear market that had originally started with the dot-com bust. The same could be said about the many banking and trading scandals that were unearthed after the fall of Lehman. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EValeant\u2019s epic share price decline may not affect your portfolio directly, but a reversal in overall market sentiment absolutely will. Let\u2019s hope Charlie Munger\u2019s assertion about \u201cthe guy being worse this time\u201d turns out to be incorrect. \u003C\/span\u003E\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 12:35:05","updated":"2015-10-30 12:35:05","minute":"12:35 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/valeant-itt-charlie-munger\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/valeant-itt-charlie-munger\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/valeant-itt-charlie-munger\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The stock that ate Wall Street","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-474391678.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Kevin Van Paassen \u2014 Bloomberg via Getty Images","caption":"J. Michael Pearson, CEO of Valeant.","attach_id":"1369586"},"excerpt":"\u003Cp\u003EBerkshire Hathaway\u0026#8217;s Charlie Munger recently compared Valeant to ITT, one of the worst conglomerates ever assembled by Wall Street\u2019s deal-making machine.\u003C\/p\u003E\n","authors":[{"id":"444518","url":"http:\/\/fortune.com\/author\/joshua-brown\/","name":"Joshua Brown","twitter":"reformedbroker","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002255\u0022 height=\u002255\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/img_4053.jpeg?quality=80\u0026amp;w=55\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022Joshua Brown\u0022 \/\u003E","thumbnail_alt":"Joshua Brown","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/img_4053.jpeg?quality=80\u0026w=55",55,55,false],"bio":"Joshua M. Brown is the CEO of Ritholtz Wealth Management, a registered investment advisory firm based in New York City. Follow Josh on Twitter @reformedbroker.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13485,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":6635,"name":"Investing","slug":"investing","term_group":0,"term_taxonomy_id":47011,"taxonomy":"post_tag","description":"","parent":0,"count":338,"filter":"raw"},{"term_id":27740242,"name":"Investor\u0027s Guide","slug":"investors-guide","term_group":0,"term_taxonomy_id":53147,"taxonomy":"post_tag","description":"","parent":0,"count":33,"filter":"raw"},{"term_id":39766630,"name":"ITT","slug":"itt-2","term_group":0,"term_taxonomy_id":114355,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":168588,"name":"Valeant","slug":"valeant","term_group":0,"term_taxonomy_id":59424,"taxonomy":"post_tag","description":"","parent":0,"count":33,"filter":"raw"},{"term_id":18220,"name":"Wall Street","slug":"wall-street","term_group":0,"term_taxonomy_id":47014,"taxonomy":"post_tag","description":"","parent":0,"count":236,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Investor\u0027s Guide","slug":"investors-guide","url":"http:\/\/fortune.com\/tag\/investors-guide\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Berkshire Hathaway\u0026#8217;s Charlie Munger recently compared Valeant to ITT, one of the worst conglomerates ever assembled by Wall Street\u2019s deal-making machine.","seo":{"seo_title":"Valeant is now being compared to ITT, the stock that ate Wall Street","seo_description":"Charlie Munger recently compared Valeant to ITT, one of the worst conglomerates ever assembled by Wall Street\u2019s deal-making machine.","seo_keywords":"valeant, itt, charlie munger, berkshire hathaway, wall street, investing, josh brown, Harold Geneen","seo_news_keywords":"valeant, itt, charlie munger, berkshire hathaway, wall street, investing, josh brown, Harold Geneen","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/valeant-itt-charlie-munger\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fvaleant-itt-charlie-munger%2F","shortlink":"http:\/\/for.tn\/1GPkMuJ","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1GPkMuJ","encoded_title":"The+stock+that+ate+Wall+Street","twitter_text":"The stock that ate Wall Street","twitter_via":"FORTUNE","facebook_desc":"Charlie Munger recently compared Valeant to ITT, one of the worst conglomerates ever assembled by Wall Street\u2019s deal-making machine.","facebook_title":"Valeant is now being compared to ITT, the stock that ate Wall Street"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23861,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1398746-0"]},{"id":1396233,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/pfizer-allergan-tax-inversions\/","title":"Pfizer-Allergan could be a super inversion deal","content":"\u003Cp\u003EPfizer might be forced to supersize its deal for Allergan, thanks to the U.S. Treasury.\u003C\/p\u003E\n\u003Cp\u003ELast September, the department passed rules that were supposed to stop the steady stream of inversions, deals in which U.S. companies buy a foreign company in order to incorporate overseas and save on taxes. Some have noted that the rule changes don\u0026#8217;t seem to have stopped the tax deals. There have been 54 completed or announced inversions since last fall, according to Dealogic.\u003C\/p\u003E\n\u003Cp\u003EAllergan \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AGN\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/agn\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAGN\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is based in Dublin, where corporate taxes are much lower than the U.S. Pfizer has shown interest in inverting in the past. So, the proposed Pfizer deal seems to be more evidence that Treasury\u0026#8217;s changes have had little effect.\u003C\/p\u003E\n\u003Cp\u003ENot quite.\u003C\/p\u003E\n\u003Cp\u003EIn the past, the inversion threshold was 20%. Meaning that 20% of the new company had to be owned by a foreign entity in order to take full tax advantage of moving overseas. But the Treasury rule changes make it harder for U.S. companies to shift domestic earnings overseas at the 20% level. What\u0026#8217;s more, companies can no longer use foreign cash tax-free to fund inversion deals if the deal ends up with just 20% foreign ownership.\u003C\/p\u003E\n\u003Cp\u003EBut the changes don\u0026#8217;t eliminate the benefits of tax inversions. They just reset the threshold to 40%. That means Pfizer might actually be willing to pay more for the Allergan deal than investors currently think.\u003C\/p\u003E\n\u003Cp\u003EPfizer\u0026#8217;s market cap is roughly $220 billion. Shares of Allergan are up 19% on Thursday on rumors of the deal. That gives the company a market cap of $120 billion. For Pfizer to meet the 40% threshold, it would have to pay at least $147 billion for Allergan, or $27 billion more than what the market is currently guessing.\u003C\/p\u003E\n\u003Cp\u003EThat might actually make sense. Pfizer currently has about $70 billion in cash overseas. If it were to repatriate that at the corporate 35% tax rate, then it would have to pay $24.5 billion in taxes.\u003C\/p\u003E\n\u003Cp\u003EPfizer might even be willing to pay more for Allergan. As part of the rule changes, Treasury factors into the deal any spin-offs or special dividends that a company has done in the past three years. Pfizer spun-off its animal health business in mid-2013 for $14 billion. That would bring the price that Pfizer would have to pay for Allergan up to $156 billion. Then again, Pfizer could also just wait eight months to complete the deal and not have to pay any spin-off-related premium.\u003C\/p\u003E\n\u003Cp\u003ETreasury\u0026#8217;s rules may not be slowing inversions. But they might be getting companies to pay more than they used to.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 03:36:00","updated":"2015-10-29 03:36:00","minute":"3:36 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/pfizer-allergan-tax-inversions\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/pfizer-allergan-tax-inversions\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/pfizer-allergan-tax-inversions\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Pfizer-Allergan could be a super inversion deal","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/02\/487817717.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Chris Ratcliffe \u2014 Bloomberg via Getty Images","caption":"","attach_id":"978904"},"excerpt":"\u003Cp\u003EPfizer could wind up paying as much as $156 billion for Allergan.\u003C\/p\u003E\n","authors":[{"id":"462422","url":"http:\/\/fortune.com\/author\/stephen-gandel\/","name":"Stephen Gandel","twitter":"stephengandel","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Stephen Gandel headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026w=150",150,150,true],"bio":"Stephen Gandel is a senior editor at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13487,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":1826976,"name":"Allergan","slug":"allergan","term_group":0,"term_taxonomy_id":47841,"taxonomy":"post_tag","description":"","parent":0,"count":26,"filter":"raw"},{"term_id":5828772,"name":"foreign companies","slug":"foreign-companies","term_group":0,"term_taxonomy_id":153650,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":1991245,"name":"inversions","slug":"inversions","term_group":0,"term_taxonomy_id":113345,"taxonomy":"post_tag","description":"","parent":0,"count":12,"filter":"raw"},{"term_id":27740242,"name":"Investor\u0027s Guide","slug":"investors-guide","term_group":0,"term_taxonomy_id":53147,"taxonomy":"post_tag","description":"","parent":0,"count":33,"filter":"raw"},{"term_id":62468,"name":"mergers","slug":"mergers","term_group":0,"term_taxonomy_id":47013,"taxonomy":"post_tag","description":"","parent":0,"count":47,"filter":"raw"},{"term_id":245728,"name":"Pfizer","slug":"pfizer","term_group":0,"term_taxonomy_id":46794,"taxonomy":"post_tag","description":"","parent":0,"count":30,"filter":"raw"},{"term_id":413544188,"name":"super 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deal"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23854,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396233-0"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1399585,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/bill-ackman-valeant-berkshire-hathaway\/","title":"Bill Ackman thought Valeant was the next Berkshire Hathaway","content":"\u003Cp\u003EA lot of investors have been comparing Valeant Pharmaceuticals to a lot of other companies lately. There was Citron Research, which last week issued a report calling Valeant \u0026#8220;\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/21\/valeant-philidor-stock-plummet\/\u0022 target=\u0022_blank\u0022\u003Ethe pharmaceutical Enron\u003C\/a\u003E,\u0026#8221; setting off a \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/22\/valeant-accounting-problems\/\u0022 target=\u0022_blank\u0022\u003Estorm of criticism\u003C\/a\u003E over the drugmaker\u0026#8217;s accounting practices. Earlier today, Fortune columnist Joshua Brown (a.k.a. \u003Ca href=\u0022http:\/\/thereformedbroker.com\/\u0022 target=\u0022_blank\u0022\u003Ethe Reformed Broker\u003C\/a\u003E) \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/valeant-itt-charlie-munger\/\u0022 target=\u0022_blank\u0022\u003Ereminded us\u003C\/a\u003E that way back in April, Berkshire Hathaway vice chairman Charlie Munger likened Valeant to ITT Corporation \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022ITT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/itt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EITT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, a conglomerate that infamously was \u003Ca href=\u0022http:\/\/fortune.com\/2011\/05\/19\/the-dismantling-of-harold-geneens-itt\/\u0022 target=\u0022_blank\u0022\u003Eforced to split itself up\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EMunger\u0026#8217;s analogy is particularly ironic because Valeant \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022VRX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/vrx\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EVRX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E has also been compared to Berkshire Hathaway \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022brk.a\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/brk-a\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003Ebrk.a\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E\u2014by Bill Ackman, the hedge fund manager whose firm Pershing Square is one of Valeant\u0026#8217;s largest shareholders.\u003C\/p\u003E\n\u003Cp\u003EAt an investment conference in May, Ackman explained that his long position in the pharma firm stemmed from his belief that Valeant\u0026#8217;s aggressive acquisition style\u2014and the outsized returns it had so far produced\u2014made the company akin to a \u003Ca href=\u0022http:\/\/fortune.com\/2015\/05\/04\/bill-ackman-valeant-could-be-next-berkshire-hathaway\/\u0022 target=\u0022_blank\u0022\u003Eyounger version of Warren Buffett\u0026#8217;s Berkshire.\u003C\/a\u003E \u0026#8220;Valeant is a very early-stage Berkshire,\u0026#8221; Ackman said in his presentation. Expressing his awe over the big stock price pops triggered by Valeant\u0026#8217;s M\u0026amp;A announcements, Ackman continued, \u0026#8220;Shareholders should not be allowed to make this much money.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EBut on a \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/bill-ackman-valeant\/\u0022 target=\u0022_blank\u0022\u003Econference call defending his Valeant investment\u003C\/a\u003E on Friday, Ackman did not repeat the Berkshire metaphor. (He did, however, liken himself to Buffett, in that Buffett bought shares in American Express \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AXP\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/axp\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAXP\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E after a \u003Ca href=\u0022http:\/\/archive.fortune.com\/magazines\/fortune\/fortune_archive\/1995\/10\/30\/207195\/index.htm\u0022 target=\u0022_blank\u0022\u003E1963 scandal caused their price to swoon\u003C\/a\u003E. Ackman \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/22\/valeant-short-seller-on-pharmacy-alliance-its-the-turd-in-the-punch-bowl\/\u0022 target=\u0022_blank\u0022\u003Eupped his stake in Valeant\u003C\/a\u003E last week as its share price \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/ackman-pershing-valeant\/\u0022 target=\u0022_blank\u0022\u003Eplummeted\u003C\/a\u003E amid the allegations.)\u003C\/p\u003E\n\u003Cp\u003EInstead, Ackman suggested that Valeant might have something in common with Amazon \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AMZN\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/amzn\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAMZN\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E. The hedge fund manager\u0026#8217;s investor call came on the heels of Valeant\u0026#8217;s announcement earlier Friday morning that it was \u0026#8220;\u003Ca href=\u0022http:\/\/blogs.wsj.com\/moneybeat\/2015\/10\/30\/bill-ackmans-call-with-valeant-pre-game-analysis\/\u0022 target=\u0022_blank\u0022\u003Esevering all ties\u003C\/a\u003E\u0026#8221; with Philidor Rx Services, the mail-order pharmacy whose \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/26\/valeant-accounting-scandal-questions\/\u0022 target=\u0022_blank\u0022\u003Erelationship with the drug company\u003C\/a\u003E had sparked the whole hullabaloo about potential wrongdoing. But shortly after Ackman got on the phone, he plugged mail-order pharmacies, indicating that they presented an opportunity for both Valeant as well as Amazon CEO Jeff Bezos. \u003Ca href=\u0022http:\/\/blogs.wsj.com\/moneybeat\/2015\/10\/30\/bill-ackmans-call-with-valeant-pre-game-analysis\/\u0022 target=\u0022_blank\u0022\u003EThe Wall Street Journal\u003C\/a\u003E reported the comments:\u003C\/p\u003E\n\u003Cblockquote\u003E\u003Cp\u003EBill Ackman said he has an idea for Jeff Bezos: mail-order pharmacies.\u003C\/p\u003E\n\u003Cp\u003EIf you want to think about traditional retail pharmacies, it should be disintermediated. \u201cSpecialty pharmacy is the future of the industry,\u201d he said.\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003EAs for whether Ackman still believes Valeant could be the next Berkshire Hathaway, a spokesperson for the hedge fund manager did not respond to a request for comment.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00223\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4587719283001-3\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224587719283001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1kZu7X8\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/health_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbusinessnews%2Ccanadanews%2Cphilidordoctors%2Cphilidordrugs%2Cphilidorreport%2Cusnews%2Cvaleant%2Cvaleantbillackman%2Cvaleantpharmaceuticals%2Cvaleantphilidor%2Cvaleantreport%2Cvaleantstock%26ch%3Dhealth%26topic%3Dvaleant\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 06:01:18","updated":"2015-10-30 06:01:18","minute":"6:01 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/bill-ackman-valeant-berkshire-hathaway\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/bill-ackman-valeant-berkshire-hathaway\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/bill-ackman-valeant-berkshire-hathaway\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Bill Ackman thought Valeant was the next Berkshire Hathaway","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-472161570.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Andrew Harrer \u2014 Bloomberg via Getty Images","caption":"Hedge fund manager Bill Ackman at the 2015 Sohn Investment Conference, where he described Valeant as \u0026quot;a very early-stage Berkshire.\u201d","attach_id":"1399973"},"excerpt":"\u003Cp\u003E\u0026#8220;Shareholders should not be allowed to make this much money,\u0026#8221; Ackman said at the time.\u003C\/p\u003E\n","authors":[{"id":"462439","url":"http:\/\/fortune.com\/author\/jen-wieczner\/","name":"Jen Wieczner","twitter":"jenwieczner","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jen-wieczner-7341.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jen-wieczner-7341.jpg?quality=80\u0026w=150",150,150,true],"bio":"Jen Wieczner is a writer-reporter for Fortune","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13482,"filter":"raw"},{"term_id":337,"name":"Health","slug":"health","term_group":0,"term_taxonomy_id":139628,"taxonomy":"category","description":"News about health and health services sectors, including healthcare, biotechnology, genetic research, medicine, pharmaceuticals, and more.","parent":0,"count":227,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":15919,"name":"Berkshire Hathaway","slug":"berkshire-hathaway","term_group":0,"term_taxonomy_id":48589,"taxonomy":"post_tag","description":"","parent":0,"count":108,"filter":"raw"},{"term_id":2985998,"name":"Bill Ackman","slug":"bill-ackman","term_group":0,"term_taxonomy_id":48667,"taxonomy":"post_tag","description":"","parent":0,"count":43,"filter":"raw"},{"term_id":27740242,"name":"Investor\u0027s Guide","slug":"investors-guide","term_group":0,"term_taxonomy_id":53147,"taxonomy":"post_tag","description":"","parent":0,"count":33,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2949,"filter":"raw"},{"term_id":168588,"name":"Valeant","slug":"valeant","term_group":0,"term_taxonomy_id":59424,"taxonomy":"post_tag","description":"","parent":0,"count":32,"filter":"raw"},{"term_id":15920,"name":"Warren Buffett","slug":"warren-buffett","term_group":0,"term_taxonomy_id":59675,"taxonomy":"post_tag","description":"","parent":0,"count":205,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Investor\u0027s Guide","slug":"investors-guide","url":"http:\/\/fortune.com\/tag\/investors-guide\/"},"f500_tag":false,"paid":false,"paid_excerpt":"\u0026#8220;Shareholders should not be allowed to make this much money,\u0026#8221; Ackman said at the time.","seo":{"seo_title":"Hedge Fund Titan Bill Ackman: Valeant Like Berkshire Hathaway, Amazon","seo_description":"Valeant was just compared to Enron and ITT. But hedge fund manager Bill Ackman likens it to Warren Buffett\u0027s Berkshire Hathaway and Amazon.","seo_keywords":"valeant pharmaceuticals, bill ackman, hedge fund manager, pershing square capital management, scandal, enron, itt corp, berkshire hathaway, amazon, american express, warren buffett, charlie munger, Philidor Rx Services, jeff bezos, citron research, mail-order pharmacies, pubdesk","seo_news_keywords":"valeant pharmaceuticals, bill ackman, hedge fund manager, pershing square capital management, scandal, enron, itt corp, berkshire hathaway, amazon, american express, warren buffett, charlie munger, Philidor Rx Services, jeff bezos, citron research, mail-order pharmacies, pubdesk","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/bill-ackman-valeant-berkshire-hathaway\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fbill-ackman-valeant-berkshire-hathaway%2F","shortlink":"http:\/\/for.tn\/1kZu7X8","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1kZu7X8","encoded_title":"Bill+Ackman+thought+Valeant+was+the+next+Berkshire+Hathaway","twitter_text":"Bill Ackman thought Valeant was the next Berkshire Hathaway","twitter_via":"FORTUNE","facebook_desc":"Or the next Amazon","facebook_title":"Bill Ackman Thought Valeant Was the Next Berkshire Hathaway"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23891,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1399585-0","in-article-ad-1399585-1","in-article-ad-1399585-2"]},{"id":1398746,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/valeant-itt-charlie-munger\/","title":"The stock that ate Wall Street","content":"\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EThis spring, Charlie Munger \u003C\/span\u003E\u003Ca href=\u0022http:\/\/www.fool.ca\/2015\/04\/02\/why-is-warren-buffetts-right-hand-man-so-bearish-on-valeant-pharmaceuticals-intl-inc\/\u0022\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003Eheld court\u003C\/span\u003E\u003C\/a\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E at the annual shareholder meeting for the Daily Journal Corporation, a small newspaper company where he serves as chairman of the board. Someone asked him about Valeant, at that time one of the highest-flying stocks in the market. Munger didn\u0026#8217;t mince words: \u201c\u003C\/span\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EValeant is like ITT and Harold Geneen come back to life, only the guy is worse this time.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003EMunger was alluding to one of the worst conglomerates ever assembled by Wall Street\u2019s deal-making machine. And \u003Cspan style=\u0022font-weight:400;\u0022\u003E\u201cthe guy\u201d in this case is McKinsey veteran J. Michael Pearson, who had built Valeant into a $90 billion pharmaceutical conglomerate virtually overnight. Pearson is no scientific wunderkind, nor did Valeant have any breakthrough drug hit the shelves during his tenure. Instead, the company\u2019s rapid success could be chalked up to aggressive dealmaking of the sort we haven\u2019t seen since the late 1990s heyday of Tyco and Dennis Kozlowski. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EOver the past few weeks, Valeant \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022VRX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/vrx\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EVRX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E has been embroiled in the early stages of a scandal that now threatens to level the company and its largest shareholders should it spiral out of control. Short-sellers are alleging that the company has several pharmacies it controls that enable it to subvert prescription rules and \u201cstuff the channel\u201d with sales that never actually materialize. The company held a conference call last week to refute these claims, but the stock continues to crater as every new detail leads to additional questions. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EAs of this writing, Valeant has lost almost $50 billion in market cap since its stock price peaked this summer. Hedge fund manager and Valeant supporter Bill Ackman is said to be sitting on over $1.5 billion in losses from his firm\u2019s position in the stock. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EIn a gruesome bit of irony, the Warren Buffett-endorsed Sequoia Fund is one of Valeant\u2019s largest shareholders, with almost 30% of the fund\u2019s assets tied up in the stock. Led by investment advisory firm \u003C\/span\u003ERuane, Cunniff \u0026amp; Goldfarb\u003Cspan style=\u0022font-weight:400;\u0022\u003E, which was founded by a disciple of Benjamin Graham, the Sequoia Fund \u003C\/span\u003E\u003Ca href=\u0022http:\/\/www.sequoiafund.com\/Letter%20to%20Clients%20and%20Shareholders.pdf?curator=thereformedbroker\u0026amp;utm_source=thereformedbroker\u0022\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003Eissued an explanation\u003C\/span\u003E\u003C\/a\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E to its investors as two of its \u003C\/span\u003E\u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/two-of-five-independent-directors-of-sequoia-fund-valeants-largest-shareholder-resign-1446141695\u0022\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003Eboard directors resigned\u003C\/span\u003E\u003C\/a\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EMunger\u0026#8217;s Valeant-ITT comparison shouldn\u0026#8217;t be taken lightly. Over a period of nine years, Harold Geneen used his company International Telephone \u0026amp; Telegraph Corp to make more than 350 acquisitions in over 80 countries around the world. Sales exploded from $765 million in 1961 to over $17 billion in 1970, before the wheels started to come off. The empire was eventually revealed to be little more than a giant accounting trick that covered up the losses from one acquisition with the paper profits of the next one. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EBy the early 1970s, the wheels began to come off. Geneen and his monster became implicated in a million-dollar bribery scandal with the Nixon administration and charges that the firm attempted to undermine elections in Chile to further its business interests. You can see just how unflattering Munger\u2019s analogy is when you look at the decades it took to unwind the ITT nightmare once the wheeling and dealing came to an end. The ITT scandal was one of several story lines that kept a lid on stock market enthusiasm and helped contribute to the secular bear market that paralyzed stocks until the early 1980s. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EThe Valeant saga has yet to fully play out, but investors are right to be skittish. The company cannot conceivably continue on its acquisition spree with its stock price in free-fall; what potential target would accept it as currency? In the meantime, Valeant is now encumbered with \u003C\/span\u003E\u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/why-valeants-growth-is-under-pressure-1445279434\u0022\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003Eover $30 billion\u003C\/span\u003E\u003C\/a\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E in long-term debt, equal to roughly five times the amount of shareholders\u2019 equity. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EThe other leg to the Valeant story\u2014its ability to continue raising the prices of the drugs it acquires\u2014is also now on shaky ground. Presidential candidates on both sides are vocally expressing their disdain for the practice, and the issue has crossed into the mainstream. In the current politicized environment, it is inconceivable that Valeant and other drug companies will enjoy the same latitude to hike prices as it has over the last four years. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EWhether or not investors are directly exposed to the maelstrom surrounding Valeant, we all have something at stake. Should it turn out that the company is guilty of more than just free-wheeling accounting, the impact on all U.S. stocks will be negative. Episodes surrounding the likes of Tyco, Enron, and Worldcom after the turn of the millennium fed into broader distrust of the stock market and helped prolong the bear market that had originally started with the dot-com bust. The same could be said about the many banking and trading scandals that were unearthed after the fall of Lehman. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EValeant\u2019s epic share price decline may not affect your portfolio directly, but a reversal in overall market sentiment absolutely will. Let\u2019s hope Charlie Munger\u2019s assertion about \u201cthe guy being worse this time\u201d turns out to be incorrect. \u003C\/span\u003E\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 12:35:05","updated":"2015-10-30 12:35:05","minute":"12:35 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/valeant-itt-charlie-munger\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/valeant-itt-charlie-munger\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/valeant-itt-charlie-munger\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The stock that ate Wall Street","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-474391678.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Kevin Van Paassen \u2014 Bloomberg via Getty Images","caption":"J. Michael Pearson, CEO of Valeant.","attach_id":"1369586"},"excerpt":"\u003Cp\u003EBerkshire Hathaway\u0026#8217;s Charlie Munger recently compared Valeant to ITT, one of the worst conglomerates ever assembled by Wall Street\u2019s deal-making machine.\u003C\/p\u003E\n","authors":[{"id":"444518","url":"http:\/\/fortune.com\/author\/joshua-brown\/","name":"Joshua Brown","twitter":"reformedbroker","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002255\u0022 height=\u002255\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/img_4053.jpeg?quality=80\u0026amp;w=55\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022Joshua Brown\u0022 \/\u003E","thumbnail_alt":"Joshua Brown","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/img_4053.jpeg?quality=80\u0026w=55",55,55,false],"bio":"Joshua M. Brown is the CEO of Ritholtz Wealth Management, a registered investment advisory firm based in New York City. Follow Josh on Twitter @reformedbroker.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13483,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":6635,"name":"Investing","slug":"investing","term_group":0,"term_taxonomy_id":47011,"taxonomy":"post_tag","description":"","parent":0,"count":338,"object_id":1398746,"filter":"raw"},{"term_id":27740242,"name":"Investor\u0027s Guide","slug":"investors-guide","term_group":0,"term_taxonomy_id":53147,"taxonomy":"post_tag","description":"","parent":0,"count":33,"object_id":1398746,"filter":"raw"},{"term_id":39766630,"name":"ITT","slug":"itt-2","term_group":0,"term_taxonomy_id":114355,"taxonomy":"post_tag","description":"","parent":0,"count":2,"object_id":1398746,"filter":"raw"},{"term_id":168588,"name":"Valeant","slug":"valeant","term_group":0,"term_taxonomy_id":59424,"taxonomy":"post_tag","description":"","parent":0,"count":32,"object_id":1398746,"filter":"raw"},{"term_id":18220,"name":"Wall Street","slug":"wall-street","term_group":0,"term_taxonomy_id":47014,"taxonomy":"post_tag","description":"","parent":0,"count":236,"object_id":1398746,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Investor\u0027s Guide","slug":"investors-guide","url":"http:\/\/fortune.com\/tag\/investors-guide\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Berkshire Hathaway\u0026#8217;s Charlie Munger recently compared Valeant to ITT, one of the worst conglomerates ever assembled by Wall Street\u2019s deal-making machine.","seo":{"seo_title":"Valeant is now being compared to ITT, the stock that ate Wall Street","seo_description":"Charlie Munger recently compared Valeant to ITT, one of the worst conglomerates ever assembled by Wall Street\u2019s deal-making machine.","seo_keywords":"valeant, itt, charlie munger, berkshire hathaway, wall street, investing, josh brown, Harold Geneen","seo_news_keywords":"valeant, itt, charlie munger, berkshire hathaway, wall street, investing, josh brown, Harold Geneen","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/valeant-itt-charlie-munger\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fvaleant-itt-charlie-munger%2F","shortlink":"http:\/\/for.tn\/1GPkMuJ","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1GPkMuJ","encoded_title":"The+stock+that+ate+Wall+Street","twitter_text":"The stock that ate Wall Street","twitter_via":"FORTUNE","facebook_desc":"Charlie Munger recently compared Valeant to ITT, one of the worst conglomerates ever assembled by Wall Street\u2019s deal-making machine.","facebook_title":"Valeant is now being compared to ITT, the stock that ate Wall Street"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23850,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1398746-0"]},{"id":1396233,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/pfizer-allergan-tax-inversions\/","title":"Pfizer-Allergan could be a super inversion deal","content":"\u003Cp\u003EPfizer might be forced to supersize its deal for Allergan, thanks to the U.S. Treasury.\u003C\/p\u003E\n\u003Cp\u003ELast September, the department passed rules that were supposed to stop the steady stream of inversions, deals in which U.S. companies buy a foreign company in order to incorporate overseas and save on taxes. Some have noted that the rule changes don\u0026#8217;t seem to have stopped the tax deals. There have been 54 completed or announced inversions since last fall, according to Dealogic.\u003C\/p\u003E\n\u003Cp\u003EAllergan \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AGN\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/agn\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAGN\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is based in Dublin, where corporate taxes are much lower than the U.S. Pfizer has shown interest in inverting in the past. So, the proposed Pfizer deal seems to be more evidence that Treasury\u0026#8217;s changes have had little effect.\u003C\/p\u003E\n\u003Cp\u003ENot quite.\u003C\/p\u003E\n\u003Cp\u003EIn the past, the inversion threshold was 20%. Meaning that 20% of the new company had to be owned by a foreign entity in order to take full tax advantage of moving overseas. But the Treasury rule changes make it harder for U.S. companies to shift domestic earnings overseas at the 20% level. What\u0026#8217;s more, companies can no longer use foreign cash tax-free to fund inversion deals if the deal ends up with just 20% foreign ownership.\u003C\/p\u003E\n\u003Cp\u003EBut the changes don\u0026#8217;t eliminate the benefits of tax inversions. They just reset the threshold to 40%. That means Pfizer might actually be willing to pay more for the Allergan deal than investors currently think.\u003C\/p\u003E\n\u003Cp\u003EPfizer\u0026#8217;s market cap is roughly $220 billion. Shares of Allergan are up 19% on Thursday on rumors of the deal. That gives the company a market cap of $120 billion. For Pfizer to meet the 40% threshold, it would have to pay at least $147 billion for Allergan, or $27 billion more than what the market is currently guessing.\u003C\/p\u003E\n\u003Cp\u003EThat might actually make sense. Pfizer currently has about $70 billion in cash overseas. If it were to repatriate that at the corporate 35% tax rate, then it would have to pay $24.5 billion in taxes.\u003C\/p\u003E\n\u003Cp\u003EPfizer might even be willing to pay more for Allergan. As part of the rule changes, Treasury factors into the deal any spin-offs or special dividends that a company has done in the past three years. Pfizer spun-off its animal health business in mid-2013 for $14 billion. That would bring the price that Pfizer would have to pay for Allergan up to $156 billion. Then again, Pfizer could also just wait eight months to complete the deal and not have to pay any spin-off-related premium.\u003C\/p\u003E\n\u003Cp\u003ETreasury\u0026#8217;s rules may not be slowing inversions. But they might be getting companies to pay more than they used to.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 03:36:00","updated":"2015-10-29 03:36:00","minute":"3:36 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/pfizer-allergan-tax-inversions\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/pfizer-allergan-tax-inversions\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/pfizer-allergan-tax-inversions\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Pfizer-Allergan could be a super inversion deal","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/02\/487817717.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Chris Ratcliffe \u2014 Bloomberg via Getty Images","caption":"","attach_id":"978904"},"excerpt":"\u003Cp\u003EPfizer could wind up paying as much as $156 billion for Allergan.\u003C\/p\u003E\n","authors":[{"id":"462422","url":"http:\/\/fortune.com\/author\/stephen-gandel\/","name":"Stephen Gandel","twitter":"stephengandel","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Stephen Gandel headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/stephen-gandel-silo1.jpg?quality=80\u0026w=150",150,150,true],"bio":"Stephen Gandel is a senior editor at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13483,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":1826976,"name":"Allergan","slug":"allergan","term_group":0,"term_taxonomy_id":47841,"taxonomy":"post_tag","description":"","parent":0,"count":26,"filter":"raw"},{"term_id":5828772,"name":"foreign companies","slug":"foreign-companies","term_group":0,"term_taxonomy_id":153650,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":1991245,"name":"inversions","slug":"inversions","term_group":0,"term_taxonomy_id":113345,"taxonomy":"post_tag","description":"","parent":0,"count":12,"filter":"raw"},{"term_id":27740242,"name":"Investor\u0027s Guide","slug":"investors-guide","term_group":0,"term_taxonomy_id":53147,"taxonomy":"post_tag","description":"","parent":0,"count":33,"filter":"raw"},{"term_id":62468,"name":"mergers","slug":"mergers","term_group":0,"term_taxonomy_id":47013,"taxonomy":"post_tag","description":"","parent":0,"count":47,"filter":"raw"},{"term_id":245728,"name":"Pfizer","slug":"pfizer","term_group":0,"term_taxonomy_id":46794,"taxonomy":"post_tag","description":"","parent":0,"count":30,"filter":"raw"},{"term_id":413544188,"name":"super inversion","slug":"super-inversion","term_group":0,"term_taxonomy_id":153649,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":228229078,"name":"tax inversion","slug":"tax-inversion","term_group":0,"term_taxonomy_id":47073,"taxonomy":"post_tag","description":"","parent":0,"count":15,"filter":"raw"},{"term_id":4517,"name":"Taxes","slug":"taxes","term_group":0,"term_taxonomy_id":58599,"taxonomy":"post_tag","description":"","parent":0,"count":114,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Investor\u0027s Guide","slug":"investors-guide","url":"http:\/\/fortune.com\/tag\/investors-guide\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Pfizer could wind up paying as much as $156 billion for Allergan.","seo":{"seo_title":"Pfizer-Allergan could be a mega tax inversion deal","seo_description":"Coming changes to inversion rules could be why Pfizer is pursuing $112 billion Allergan, and why it may be willing to pay 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deal"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23868,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396233-0"]}]},"id":1403516,"ad":{"type":"ad"},"button_ads":true},"in_article_ad_id":["in-article-ad-1403516-0"]},{"id":1403520,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/entrepreneur-priority-starting-business\/","title":"This Should Be Every Entrepreneurs Top Priority When Starting a Business","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by Paula Long, CEO and cofounder of DataGravity. \u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EI was lucky enough to join a company that didn\u0026#8217;t succeed during the 2000 \u003Cspan class=\u0022s1\u0022\u003Edot.com\u003C\/span\u003E bubble. Yes, you read that correctly. The vision for the company was amazing. The available market was huge. I had friends and past co-workers there. So, why weren\u0026#8217;t we wildly successful like others in our space? While the company \u003Cspan class=\u0022s1\u0022\u003Eeventually built\u003C\/span\u003E an amazing user interface, it didn\u0026#8217;t understand its customers or its customers\u2019 environments. Here are the \u003Cspan class=\u0022s1\u0022\u003Etwo most important \u003C\/span\u003Ethings I learned from this failure:\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EKnow your customers\u003Cbr \/\u003E\n\u003C\/b\u003EWe built an application for website content management and high availability. Care to guess which industry had the largest number of commercial websites with enough revenue to pay for the product in 2000? If you guessed the adult entertainment industry, you\u2019re correct. Our founders were reluctant to sell to that market. So we built a \u003Cspan class=\u0022s1\u0022\u003Ew\u003C\/span\u003Eeb management product, and we weren\u2019t comfortable selling it to the largest pool of potential customers. Really? I won\u2019t make a moral statement either way, but these were the most profitable companies running websites at the time, and they were the largest buyers of new technology. We should have known this before we started.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/\u0022 target=\u0022_blank\u0022\u003EThe key to a successful career change: start a blog\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EThere\u0026#8217;s no such thing as \u201cbad\u201d customers\u003Cbr \/\u003E\n\u003C\/b\u003EThere are only badly designed products. During my tenure at this company, the person running engineering left. Hiring someone new for the role didn\u2019t make sense for a lot of reasons, so I was nominated to lead the team. Customer support fell under engineering and we only had one support person on call 24\/7, so I sat in on a bunch of calls and internal meetings about customer problems. I quickly noticed a theme that drove me crazy: engineers would dismiss issues because they were problems in the customer environment or the \u201ccustomer misused the product.\u201d It took me awhile to reset the culture, but I eventually made sure the engineering team always tested products in environments that weren\u2019t \u201cperfect.\u201d Customer have no idea what you intend to provide; they can only use what you put in front of them. You need to be defensive in your designs and programming so the path to trouble is limited. It was in this role when I made customer happiness my number one priority.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EEarlier I said this company\u2019s lack of success was a fortunate experience for me, and it was. It shaped the way I approach product definitions, build teams, and prioritize customer happiness. I saw the struggle both employees and customers can go through when there isn\u2019t a focus on the customers. It may be easier said than done, but once you\u0026#8217;ve experienced this type of failure, understanding customers becomes imperative.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003ERead all responses to the Leadership Insider question: \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/\u0022 target=\u0022_blank\u0022\u003EThe secret to dealing with difficult coworkers\u003C\/a\u003E \u003C\/em\u003Eby Clark Valberg, CEO of InVision.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E \u003C\/em\u003Eby Stephen Cannon, CEO of Mercedes-Benz USA.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 04:06:41","updated":"2015-11-02 04:06:41","minute":"4:06 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneur-priority-starting-business\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneur-priority-starting-business\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneur-priority-starting-business\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"This Should Be Every Entrepreneurs Top Priority When Starting a Business","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/gettyimages-515028379.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photography -- Getty Images","caption":"","attach_id":"1403741"},"excerpt":"\u003Cp\u003EIt could prevent you from failure down the road. \u003C\/p\u003E\n","authors":[{"id":"1403527","url":"http:\/\/fortune.com\/author\/paula-long\/","name":"Paula Long","twitter":"DataGravityInc","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"Paula Long is the CEO and co-founder of DataGravity.","title":"CEO and cofounder","company":"DataGravity","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1207,"object_id":1403520,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10278,"object_id":1403520,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1325,"object_id":1403520,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":517,"object_id":1403520,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It could prevent you from failure down the road.","seo":{"seo_title":"This Should Be Every Entrepreneurs Top Priority When Starting a Business","seo_description":"Paula Long, CEO and cofounder of DataGravity, shares what every entrepreneurs top priority should be when starting a business.","seo_keywords":"Paula Long, DataGravity, entrepreneur, priority, top priority, business, business lesson, customers, customer service","seo_news_keywords":"Paula Long, DataGravity, entrepreneur, priority, top priority, business, business lesson, customers, customer service","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneur-priority-starting-business\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fentrepreneur-priority-starting-business%2F","shortlink":"http:\/\/for.tn\/1Q6gRfk","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1Q6gRfk","encoded_title":"This+Should+Be+Every+Entrepreneurs+Top+Priority+When+Starting+a+Business","twitter_text":"This should be every entrepreneurs top priority when starting a business","twitter_via":"FORTUNE","facebook_desc":"It could prevent you from failure down the road.","facebook_title":"This Should Be Every Entrepreneurs Top Priority When Starting a Business"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23918,"object_id":1403520,"filter":"raw"},"related_posts":[{"id":1402982,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/successful-career-change-blog\/","title":"The key to a successful career change: start a blog","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by Peter Thomson, marketing director of SeedInvest. \u003C\/span\u003E\u003C\/em\u003E\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EBlogging. Or in other words, always sharing what I\u0026#8217;m learning with others. \u003C\/span\u003EI\u0026#8217;m \u003Cspan class=\u0022s1\u0022\u003Econstantly \u003C\/span\u003Etelling clients and friends to \u0026#8220;blog the journey\u0026#8221;. \u003Cspan class=\u0022s1\u0022\u003EOver the years,\u003C\/span\u003E I\u0026#8217;ve found that sharing lessons \u003Cspan class=\u0022s1\u0022\u003Ealong the way \u003C\/span\u003Ewith other people always pays dividends through increased connections or, \u003Cspan class=\u0022s1\u0022\u003Eat the very \u003C\/span\u003Eleast, solidifying \u003Cspan class=\u0022s1\u0022\u003Eyour own\u003C\/span\u003E knowledge.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EI started my career as a venture capital lawyer, so I\u0026#8217;ve had a fairly unconventional journey into the marketing profession. \u003Cspan class=\u0022s1\u0022\u003EAnd\u003C\/span\u003E at each step along \u003Cspan class=\u0022s1\u0022\u003Ethe\u003C\/span\u003E journey I\u0026#8217;ve tried to \u003Cspan class=\u0022s1\u0022\u003Emake\u003C\/span\u003E the time to \u003Cspan class=\u0022s1\u0022\u003Etake\u003C\/span\u003E notes on what I\u0026#8217;m learning and to share \u003Cspan class=\u0022s1\u0022\u003Ethese \u003C\/span\u003Elessons \u003Cspan class=\u0022s1\u0022\u003Ewith\u003C\/span\u003E other professionals through blogging and public speaking. The value of leaving these little breadcrumbs along the trail wasn\u0026#8217;t immediately obvious at first. But over time, my notes on the marketing profession have compounded into dozens of blog posts and a published book on digital marketing. The readers of these pieces have been a consistent source of clients, introductions and even a few friends. \u003Cspan class=\u0022s1\u0022\u003EIn fact, my current role at SeedInvest\u003C\/span\u003E came about mainly through a series of coincidences that started with someone who read one of my blog posts that I\u0026#8217;d written years ago.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/\u0022 target=\u0022_blank\u0022\u003EThe secret to dealing with difficult coworkers\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EI\u0026#8217;ve found that the most interesting writing isn\u0026#8217;t over-polished think-pieces about business theory, instead I\u0026#8217;ve learned the power of the truism in the newspaper industry that \u0026#8220;if it bleeds, it leads\u0026#8221;. In business this means that it\u0026#8217;s always better to share honest lessons from real world experience. These days my work focuses on helping startups to raise capital online and the lessons that I\u0026#8217;m learning about how equity crowdfunding works in practice are hard-won. There are no existing guides to marketing best practices for equity crowdfunding; the whole industry is learning as we go along. This makes every day exciting and it makes the task of sharing the journey that much more worthwhile.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003ERead all responses to the Leadership Insider question: \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E by Stephen Cannon, CEO of Mercedes-Benz USA.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 01:40:19","updated":"2015-11-02 01:40:19","minute":"1:40 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The key to a successful career change: start a blog","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/peter-thomson-headshot.png?w=407","class":"featured-img-article_portrait","credit":"","caption":"Peter Thomson, marketing director of SeedInvest","attach_id":"1403020"},"excerpt":"\u003Cp\u003EThe pay off is worth the time. \u003C\/p\u003E\n","authors":[{"id":"1403008","url":"http:\/\/fortune.com\/author\/peter-thomson\/","name":"Peter Thomson","twitter":"PeterJThomson","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/peter-thomson-headshot.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022Peter Thomson, marketing director of SeedInvest\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/peter-thomson-headshot.png?w=150",150,150,true],"bio":"Peter Thomson is the marketing director of SeedInvest.","title":"marketing director","company":"SeedInvest","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1203,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10273,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1323,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":516,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The pay off is worth the time.","seo":{"seo_title":"The Key To A Successful Career Change: Start A Blog","seo_description":"Peter Thomson, marketing director of SeedInvest, shares the key to a successful career change.","seo_keywords":"Peter Thomson, SeedInvest, changing, career, career change, blog, equity crowdfunding, business lesson, lesson","seo_news_keywords":"Peter Thomson, SeedInvest, changing, career, career change, blog, equity crowdfunding, business lesson, lesson","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fsuccessful-career-change-blog%2F","shortlink":"http:\/\/for.tn\/1WtPaN4","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1WtPaN4","encoded_title":"The+key+to+a+successful+career+change%3A+start+a+blog","twitter_text":"The key to a successful career change: start a blog","twitter_via":"FORTUNE","facebook_desc":"Peter Thomson, marketing director of SeedInvest, shares the key to a successful career change.","facebook_title":"The Key To A Successful Career Change: Start A Blog"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23900,"filter":"raw"},"related_posts":[]},{"id":1398536,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/31\/manager-boost-employee-happiness\/","title":"What every manager can do to boost employee happiness","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by William Craig, founder and president of WebpageFX.\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EEarly in my career, I learned that being successful at your job \u0026#8212; whether as an employee or as the CEO of your own company \u0026#8212; doesn\u2019t have to mean isolating work from the rest of your life. A lot of professionals will tell you that you should have a \u0026#8220;work-life balance\u201d but, for many people, this means focusing on work at work and focusing on your family or personal interests at home. And that may work for some people but, for many, it becomes a complicated balancing act of fitting all of your errands into the weekend while trying to stay productive at the office during the week. \u003Cspan class=\u0022s1\u0022\u003EYet my wife (co-founder and COO) and I credit the success of WebpageFX to our belief in\u003C\/span\u003E work-life integration, \u003Cspan class=\u0022s1\u0022\u003Enot work-life balance.\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003EContrary to the idea\u003C\/span\u003E of work-life balance, the concept of work-life integration means that work and life are always interacting. \u003Cspan class=\u0022s1\u0022\u003EHere\u0026#8217;s how to create a work environment that accommodates both personal and professional needs:\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003ECreate policies you would enjoy following\u003Cbr \/\u003E\n\u003C\/b\u003EWhen I was working in the corporate world \u0026#8212; before starting my own business \u0026#8212; I had to be at work each day by 8:00 A.M. If I needed to come in after 8:00 A.M, I had to use my accrued PTO to account for the absence. So if I had a dentist or a car service appointment in the morning, I had to use my personal PTO to make up for it. By the end of the year, half of my precious vacation days had been used on simple errands. When we started our company, this was something that really resonated with me. I didn\u2019t want to make our employees choose between taking care of business at home or being productive at work. Instead, we\u2019ve created flexible working policies that we would enjoy following ourselves. This doesn\u2019t mean that we work 24\/7, or that we do our grocery shopping on company time. Rather, it means that we always acknowledge that both parts of our lives exist. We encourage fun events in our company\u2019s office, but \u003Cspan class=\u0022s1\u0022\u003Ewe\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003Ealso\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003Efind\u003C\/span\u003E work-related inspiration on the weekends.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ESe\u003Cem\u003Ee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/\u0022 target=\u0022_blank\u0022\u003EThe secret to dealing with difficult coworkers\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EProvide flexible \u003C\/b\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Cb\u003Ework hours\u003C\/b\u003E\u003C\/span\u003E\u003Cb\u003E\u003Cbr \/\u003E\n\u003C\/b\u003EAs it turns out, work-life integration is also something that many millennials look for in a job. \u003Cspan class=\u0022s2\u0022\u003E\u003Ca href=\u0022http:\/\/www.forbes.com\/sites\/robasghar\/2014\/01\/13\/what-millennials-want-in-the-workplace-and-why-you-should-start-giving-it-to-them\/\u0022 target=\u0022_blank\u0022\u003EEighty-eight percent\u003C\/a\u003E\u003C\/span\u003E want a company culture that allows their working and personal lives to blend together. The best thing an employer can do to improve employees\u2019 personal lives and work productivity is offer adaptable working hours and generous flextime policies. Not only does our company offer flexible starting times, but we also offer additional flex hours for employees to use in the event of necessary errands or personal responsibilities. Need to leave mid-day for a doctor\u2019s appointment? No problem, you can make up the hours in the same week. Did your daycare cancel at the last minute? No worries there, either. You can take time to find babysitter and come into work around 10:00 A.M., without fear of being scrutinized for coming in late.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EMake sick leave flexible, too\u003Cbr \/\u003E\n\u003C\/b\u003EMost companies separate sick leave from vacation days. However, we\u2019ve all had a friend at one point or another who\u2019s run out of vacation days and used a sick day to stay home and recharge. My question is, why beat around the bush? Rather than putting employees in a situation where they might be enticed to lie about their absence, combine the hours you \u003Cspan class=\u0022s1\u0022\u003Eprovide\u003C\/span\u003E for sick leave and PTO. This way, if your employees don\u2019t get sick, they will simply have more vacation days. This can create more transparency in the workplace, and also has the potential to reduce employee \u003Cspan class=\u0022s1\u0022\u003Eabsences\u003C\/span\u003E. After all, would you take random sick days if you could save them for a beach vacation?\u003C\/p\u003E\n\u003Cp class=\u0022p4\u0022\u003E\u003Cem\u003ERead all answers to the Leadership Insider question:\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EWhat\u2019s the most important lesson you\u2019ve learned in your career?\u003C\/span\u003E\u003C\/em\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p4\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E by Stephen Cannon, CEO of Mercedes-Benz USA.\u003C\/p\u003E\n","time":{"pretty":"October 31, 2015","published":"2015-10-31 10:00:33","updated":"2015-10-31 10:00:33","minute":"10:00 AM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"What every manager can do to boost employee happiness ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-127540653-2.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph Andy Ryan \u2014 Getty Images","caption":"","attach_id":"1398742"},"excerpt":"\u003Cp\u003EIt\u0026#8217;s something many millennials look for in a job.\u003C\/p\u003E\n","authors":[{"id":"1201236","url":"http:\/\/fortune.com\/author\/william-craig\/","name":"William Craig","twitter":"webpagefx","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"founder and president","company":"WebpageFX","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10269,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It\u0026#8217;s something many millennials look for in a job.","seo":{"seo_title":"What Every Manager Can Do To Boost Employee Happiness","seo_description":"William Craig, founder and president of WebpageFX, shares what every manager can do to boost employee happiness.","seo_keywords":"William Craig, WebpageFX, manager, employee, employee happiness, boost, work-life balance, work-life integration, career","seo_news_keywords":"William Craig, WebpageFX, manager, employee, employee happiness, boost, work-life balance, work-life integration, career","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F31%2Fmanager-boost-employee-happiness%2F","shortlink":"http:\/\/for.tn\/1SdeAy7","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1SdeAy7","encoded_title":"What+every+manager+can+do+to+boost+employee+happiness","twitter_text":"What every manager can do to boost employee happiness ","twitter_via":"FORTUNE","facebook_desc":"William Craig, founder and president of WebpageFX, shares what every manager can do to boost employee happiness.","facebook_title":"What Every Manager Can Do To Boost Employee Happiness"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23873,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1398536-0"]},{"id":1396695,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/secret-difficult-coworkers\/","title":"The secret to dealing with difficult coworkers","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by \u003C\/span\u003EClark Valberg, CEO of InVision.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ERaise your hand if you\u2019ve heard or said this before: \u201cThings would be great if it weren\u2019t for our customers.\u201d Before founding InVision, I worked as a consultant. All too often I\u2019d hear and participate in conversations that included statements like that. Consulting can be a sharply cynical field, and anyone interacting with clients in a creative role knows it.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut that kind of thinking led me to a profound shift in my approach to business, customers and the way I communicate. Over time I realized that instead of blaming the uninformed customer or difficult client, a more productive approach is to recognize that customers don\u2019t always know what they need even when they tell you exactly what they want\u2014and it\u2019s up to me to be a better communicator.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EA lot of this can be blamed on structure. When you\u2019re communicating with liaisons instead of actual decision makers, fumbles happen. Things get lost in translation. You start down a road that ultimately leads to failure without knowing that you were doomed from the start. Through this, I\u2019ve learned not to take instruction, but to act as a thoughtful interpreter. Here are some ways to make that process easier:\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cb\u003EDon\u2019t be intimidated to go directly to stakeholders\u003Cbr \/\u003E\n\u003C\/b\u003EThis can be especially hard when you\u2019re dealing with a more \u201cold school\u201d model of business, with layers of authority and bureaucracy. If that\u2019s the case, ask the powers that be for explicit permission to go directly to the source. They\u2019ll probably gladly agree. Then, don\u2019t be afraid to go for it. You\u2019ll establish yourself as an individual who values clarity and direct communication.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003EBe judicious with email\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EI have a rule of thumb \u003Cspan class=\u0022s2\u0022\u003Efor email: \u003C\/span\u003EIf there is a highly likely chance that a piece of information would be misconstrued or take on an unintended emotional bent, the conversation must be had in real time, either in person or on the phone. Email has a way of creating confusion and miscommunication, especially around delicate issues. Get on the phone or sit down across from one another and have a one-on-one conversation.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cb\u003EEmbrace your role as a \u003C\/b\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003Ecommunicator\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EBy following the \u003Cspan class=\u0022s2\u0022\u003Etwo \u003C\/span\u003Esteps above, you\u2019ll establish yourself as a conduit for useful communication. Some might fear this responsibility, but if you\u2019re leader material, you\u2019ll embrace it. This transitional role will give you a strong grasp on how communication is flowing, and enables you to understand the big picture before making changes.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003EBe efficient\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EEven for the most ambitious leader, being a hub of communication can be intense and time consuming. Look for ways to institute efficiencies, like incorporating Slack into your process, to make communication with your team and clients more \u003Cspan class=\u0022s2\u0022\u003Eorganized. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EMy \u201caha moment\u201d came when I realized that above all else, a good leader is a master communicator. That\u2019s often misconstrued as being a master of persuasion, or worse, manipulation, but that\u2019s not what I mean. Being a good communicator starts with being an empathetic listener who\u2019s able to get the information needed and distill it down for actionable use.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 02:45:47","updated":"2015-10-29 02:45:47","minute":"2:45 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The secret to dealing with difficult coworkers ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/07\/clark_valberg.jpeg?quality=80\u0026w=356","class":"featured-img-article_portrait","credit":"","caption":"Clark Valberg, CEO of InVision","attach_id":"1217820"},"excerpt":"\u003Cp\u003EEvery successful leader knows it. \u003C\/p\u003E\n","authors":[{"id":"1217822","url":"http:\/\/fortune.com\/author\/clark-valberg\/","name":"Clark Valberg","twitter":"ClarkValberg","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"CEO","company":"InVision","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10262,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Every successful leader knows it.","seo":{"seo_title":"The Secret To Dealing With Difficult Coworkers","seo_description":"Clark Valberg, CEO of InVision, shares the secret to dealing with difficult coworkers.","seo_keywords":"Clark Valberg, InVision, secret, difficult, coworkers, colleagues, leader, communicate, communicator","seo_news_keywords":"Clark Valberg, InVision, secret, difficult, coworkers, colleagues, leader, communicate, communicator","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F29%2Fsecret-difficult-coworkers%2F","shortlink":"http:\/\/for.tn\/1LZXfnK","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1LZXfnK","encoded_title":"The+secret+to+dealing+with+difficult+coworkers","twitter_text":"The secret to dealing with difficult coworkers ","twitter_via":"FORTUNE","facebook_desc":"Clark Valberg, CEO of InVision, shares the secret to dealing with difficult coworkers.","facebook_title":"The Secret To Dealing With Difficult Coworkers"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23872,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396695-0"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1402982,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/successful-career-change-blog\/","title":"The key to a successful career change: start a blog","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by Peter Thomson, marketing director of SeedInvest. \u003C\/span\u003E\u003C\/em\u003E\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EBlogging. Or in other words, always sharing what I\u0026#8217;m learning with others. \u003C\/span\u003EI\u0026#8217;m \u003Cspan class=\u0022s1\u0022\u003Econstantly \u003C\/span\u003Etelling clients and friends to \u0026#8220;blog the journey\u0026#8221;. \u003Cspan class=\u0022s1\u0022\u003EOver the years,\u003C\/span\u003E I\u0026#8217;ve found that sharing lessons \u003Cspan class=\u0022s1\u0022\u003Ealong the way \u003C\/span\u003Ewith other people always pays dividends through increased connections or, \u003Cspan class=\u0022s1\u0022\u003Eat the very \u003C\/span\u003Eleast, solidifying \u003Cspan class=\u0022s1\u0022\u003Eyour own\u003C\/span\u003E knowledge.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EI started my career as a venture capital lawyer, so I\u0026#8217;ve had a fairly unconventional journey into the marketing profession. \u003Cspan class=\u0022s1\u0022\u003EAnd\u003C\/span\u003E at each step along \u003Cspan class=\u0022s1\u0022\u003Ethe\u003C\/span\u003E journey I\u0026#8217;ve tried to \u003Cspan class=\u0022s1\u0022\u003Emake\u003C\/span\u003E the time to \u003Cspan class=\u0022s1\u0022\u003Etake\u003C\/span\u003E notes on what I\u0026#8217;m learning and to share \u003Cspan class=\u0022s1\u0022\u003Ethese \u003C\/span\u003Elessons \u003Cspan class=\u0022s1\u0022\u003Ewith\u003C\/span\u003E other professionals through blogging and public speaking. The value of leaving these little breadcrumbs along the trail wasn\u0026#8217;t immediately obvious at first. But over time, my notes on the marketing profession have compounded into dozens of blog posts and a published book on digital marketing. The readers of these pieces have been a consistent source of clients, introductions and even a few friends. \u003Cspan class=\u0022s1\u0022\u003EIn fact, my current role at SeedInvest\u003C\/span\u003E came about mainly through a series of coincidences that started with someone who read one of my blog posts that I\u0026#8217;d written years ago.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/\u0022 target=\u0022_blank\u0022\u003EThe secret to dealing with difficult coworkers\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EI\u0026#8217;ve found that the most interesting writing isn\u0026#8217;t over-polished think-pieces about business theory, instead I\u0026#8217;ve learned the power of the truism in the newspaper industry that \u0026#8220;if it bleeds, it leads\u0026#8221;. In business this means that it\u0026#8217;s always better to share honest lessons from real world experience. These days my work focuses on helping startups to raise capital online and the lessons that I\u0026#8217;m learning about how equity crowdfunding works in practice are hard-won. There are no existing guides to marketing best practices for equity crowdfunding; the whole industry is learning as we go along. This makes every day exciting and it makes the task of sharing the journey that much more worthwhile.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003ERead all responses to the Leadership Insider question: \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E by Stephen Cannon, CEO of Mercedes-Benz USA.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 01:40:19","updated":"2015-11-02 01:40:19","minute":"1:40 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The key to a successful career change: start a blog","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/peter-thomson-headshot.png?w=407","class":"featured-img-article_portrait","credit":"","caption":"Peter Thomson, marketing director of SeedInvest","attach_id":"1403020"},"excerpt":"\u003Cp\u003EThe pay off is worth the time. \u003C\/p\u003E\n","authors":[{"id":"1403008","url":"http:\/\/fortune.com\/author\/peter-thomson\/","name":"Peter Thomson","twitter":"PeterJThomson","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/peter-thomson-headshot.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022Peter Thomson, marketing director of SeedInvest\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/peter-thomson-headshot.png?w=150",150,150,true],"bio":"Peter Thomson is the marketing director of SeedInvest.","title":"marketing director","company":"SeedInvest","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1202,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10272,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1320,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The pay off is worth the time.","seo":{"seo_title":"The Key To A Successful Career Change: Start A Blog","seo_description":"Peter Thomson, marketing director of SeedInvest, shares the key to a successful career change.","seo_keywords":"Peter Thomson, SeedInvest, changing, career, career change, blog, equity crowdfunding, business lesson, lesson","seo_news_keywords":"Peter Thomson, SeedInvest, changing, career, career change, blog, equity crowdfunding, business lesson, lesson","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fsuccessful-career-change-blog%2F","shortlink":"http:\/\/for.tn\/1WtPaN4","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1WtPaN4","encoded_title":"The+key+to+a+successful+career+change%3A+start+a+blog","twitter_text":"The key to a successful career change: start a blog","twitter_via":"FORTUNE","facebook_desc":"Peter Thomson, marketing director of SeedInvest, shares the key to a successful career change.","facebook_title":"The Key To A Successful Career Change: Start A Blog"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23899,"filter":"raw"},"related_posts":[]},{"id":1398536,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/31\/manager-boost-employee-happiness\/","title":"What every manager can do to boost employee happiness","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by William Craig, founder and president of WebpageFX.\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EEarly in my career, I learned that being successful at your job \u0026#8212; whether as an employee or as the CEO of your own company \u0026#8212; doesn\u2019t have to mean isolating work from the rest of your life. A lot of professionals will tell you that you should have a \u0026#8220;work-life balance\u201d but, for many people, this means focusing on work at work and focusing on your family or personal interests at home. And that may work for some people but, for many, it becomes a complicated balancing act of fitting all of your errands into the weekend while trying to stay productive at the office during the week. \u003Cspan class=\u0022s1\u0022\u003EYet my wife (co-founder and COO) and I credit the success of WebpageFX to our belief in\u003C\/span\u003E work-life integration, \u003Cspan class=\u0022s1\u0022\u003Enot work-life balance.\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003EContrary to the idea\u003C\/span\u003E of work-life balance, the concept of work-life integration means that work and life are always interacting. \u003Cspan class=\u0022s1\u0022\u003EHere\u0026#8217;s how to create a work environment that accommodates both personal and professional needs:\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003ECreate policies you would enjoy following\u003Cbr \/\u003E\n\u003C\/b\u003EWhen I was working in the corporate world \u0026#8212; before starting my own business \u0026#8212; I had to be at work each day by 8:00 A.M. If I needed to come in after 8:00 A.M, I had to use my accrued PTO to account for the absence. So if I had a dentist or a car service appointment in the morning, I had to use my personal PTO to make up for it. By the end of the year, half of my precious vacation days had been used on simple errands. When we started our company, this was something that really resonated with me. I didn\u2019t want to make our employees choose between taking care of business at home or being productive at work. Instead, we\u2019ve created flexible working policies that we would enjoy following ourselves. This doesn\u2019t mean that we work 24\/7, or that we do our grocery shopping on company time. Rather, it means that we always acknowledge that both parts of our lives exist. We encourage fun events in our company\u2019s office, but \u003Cspan class=\u0022s1\u0022\u003Ewe\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003Ealso\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003Efind\u003C\/span\u003E work-related inspiration on the weekends.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ESe\u003Cem\u003Ee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/\u0022 target=\u0022_blank\u0022\u003EThe secret to dealing with difficult coworkers\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EProvide flexible \u003C\/b\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Cb\u003Ework hours\u003C\/b\u003E\u003C\/span\u003E\u003Cb\u003E\u003Cbr \/\u003E\n\u003C\/b\u003EAs it turns out, work-life integration is also something that many millennials look for in a job. \u003Cspan class=\u0022s2\u0022\u003E\u003Ca href=\u0022http:\/\/www.forbes.com\/sites\/robasghar\/2014\/01\/13\/what-millennials-want-in-the-workplace-and-why-you-should-start-giving-it-to-them\/\u0022 target=\u0022_blank\u0022\u003EEighty-eight percent\u003C\/a\u003E\u003C\/span\u003E want a company culture that allows their working and personal lives to blend together. The best thing an employer can do to improve employees\u2019 personal lives and work productivity is offer adaptable working hours and generous flextime policies. Not only does our company offer flexible starting times, but we also offer additional flex hours for employees to use in the event of necessary errands or personal responsibilities. Need to leave mid-day for a doctor\u2019s appointment? No problem, you can make up the hours in the same week. Did your daycare cancel at the last minute? No worries there, either. You can take time to find babysitter and come into work around 10:00 A.M., without fear of being scrutinized for coming in late.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EMake sick leave flexible, too\u003Cbr \/\u003E\n\u003C\/b\u003EMost companies separate sick leave from vacation days. However, we\u2019ve all had a friend at one point or another who\u2019s run out of vacation days and used a sick day to stay home and recharge. My question is, why beat around the bush? Rather than putting employees in a situation where they might be enticed to lie about their absence, combine the hours you \u003Cspan class=\u0022s1\u0022\u003Eprovide\u003C\/span\u003E for sick leave and PTO. This way, if your employees don\u2019t get sick, they will simply have more vacation days. This can create more transparency in the workplace, and also has the potential to reduce employee \u003Cspan class=\u0022s1\u0022\u003Eabsences\u003C\/span\u003E. After all, would you take random sick days if you could save them for a beach vacation?\u003C\/p\u003E\n\u003Cp class=\u0022p4\u0022\u003E\u003Cem\u003ERead all answers to the Leadership Insider question:\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EWhat\u2019s the most important lesson you\u2019ve learned in your career?\u003C\/span\u003E\u003C\/em\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p4\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E by Stephen Cannon, CEO of Mercedes-Benz USA.\u003C\/p\u003E\n","time":{"pretty":"October 31, 2015","published":"2015-10-31 10:00:33","updated":"2015-10-31 10:00:33","minute":"10:00 AM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"What every manager can do to boost employee happiness ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-127540653-2.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph Andy Ryan \u2014 Getty Images","caption":"","attach_id":"1398742"},"excerpt":"\u003Cp\u003EIt\u0026#8217;s something many millennials look for in a job.\u003C\/p\u003E\n","authors":[{"id":"1201236","url":"http:\/\/fortune.com\/author\/william-craig\/","name":"William Craig","twitter":"webpagefx","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"founder and president","company":"WebpageFX","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10262,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It\u0026#8217;s something many millennials look for in a job.","seo":{"seo_title":"What Every Manager Can Do To Boost Employee Happiness","seo_description":"William Craig, founder and president of WebpageFX, shares what every manager can do to boost employee happiness.","seo_keywords":"William Craig, WebpageFX, manager, employee, employee happiness, boost, work-life balance, work-life integration, career","seo_news_keywords":"William Craig, WebpageFX, manager, employee, employee happiness, boost, work-life balance, work-life integration, career","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F31%2Fmanager-boost-employee-happiness%2F","shortlink":"http:\/\/for.tn\/1SdeAy7","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1SdeAy7","encoded_title":"What+every+manager+can+do+to+boost+employee+happiness","twitter_text":"What every manager can do to boost employee happiness ","twitter_via":"FORTUNE","facebook_desc":"William Craig, founder and president of WebpageFX, shares what every manager can do to boost employee happiness.","facebook_title":"What Every Manager Can Do To Boost Employee Happiness"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23884,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1398536-0"]},{"id":1396695,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/secret-difficult-coworkers\/","title":"The secret to dealing with difficult coworkers","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by \u003C\/span\u003EClark Valberg, CEO of InVision.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ERaise your hand if you\u2019ve heard or said this before: \u201cThings would be great if it weren\u2019t for our customers.\u201d Before founding InVision, I worked as a consultant. All too often I\u2019d hear and participate in conversations that included statements like that. Consulting can be a sharply cynical field, and anyone interacting with clients in a creative role knows it.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut that kind of thinking led me to a profound shift in my approach to business, customers and the way I communicate. Over time I realized that instead of blaming the uninformed customer or difficult client, a more productive approach is to recognize that customers don\u2019t always know what they need even when they tell you exactly what they want\u2014and it\u2019s up to me to be a better communicator.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EA lot of this can be blamed on structure. When you\u2019re communicating with liaisons instead of actual decision makers, fumbles happen. Things get lost in translation. You start down a road that ultimately leads to failure without knowing that you were doomed from the start. Through this, I\u2019ve learned not to take instruction, but to act as a thoughtful interpreter. Here are some ways to make that process easier:\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cb\u003EDon\u2019t be intimidated to go directly to stakeholders\u003Cbr \/\u003E\n\u003C\/b\u003EThis can be especially hard when you\u2019re dealing with a more \u201cold school\u201d model of business, with layers of authority and bureaucracy. If that\u2019s the case, ask the powers that be for explicit permission to go directly to the source. They\u2019ll probably gladly agree. Then, don\u2019t be afraid to go for it. You\u2019ll establish yourself as an individual who values clarity and direct communication.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003EBe judicious with email\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EI have a rule of thumb \u003Cspan class=\u0022s2\u0022\u003Efor email: \u003C\/span\u003EIf there is a highly likely chance that a piece of information would be misconstrued or take on an unintended emotional bent, the conversation must be had in real time, either in person or on the phone. Email has a way of creating confusion and miscommunication, especially around delicate issues. Get on the phone or sit down across from one another and have a one-on-one conversation.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cb\u003EEmbrace your role as a \u003C\/b\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003Ecommunicator\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EBy following the \u003Cspan class=\u0022s2\u0022\u003Etwo \u003C\/span\u003Esteps above, you\u2019ll establish yourself as a conduit for useful communication. Some might fear this responsibility, but if you\u2019re leader material, you\u2019ll embrace it. This transitional role will give you a strong grasp on how communication is flowing, and enables you to understand the big picture before making changes.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003EBe efficient\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EEven for the most ambitious leader, being a hub of communication can be intense and time consuming. Look for ways to institute efficiencies, like incorporating Slack into your process, to make communication with your team and clients more \u003Cspan class=\u0022s2\u0022\u003Eorganized. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EMy \u201caha moment\u201d came when I realized that above all else, a good leader is a master communicator. That\u2019s often misconstrued as being a master of persuasion, or worse, manipulation, but that\u2019s not what I mean. Being a good communicator starts with being an empathetic listener who\u2019s able to get the information needed and distill it down for actionable use.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 02:45:47","updated":"2015-10-29 02:45:47","minute":"2:45 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The secret to dealing with difficult coworkers ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/07\/clark_valberg.jpeg?quality=80\u0026w=356","class":"featured-img-article_portrait","credit":"","caption":"Clark Valberg, CEO of InVision","attach_id":"1217820"},"excerpt":"\u003Cp\u003EEvery successful leader knows it. \u003C\/p\u003E\n","authors":[{"id":"1217822","url":"http:\/\/fortune.com\/author\/clark-valberg\/","name":"Clark Valberg","twitter":"ClarkValberg","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"CEO","company":"InVision","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10262,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Every successful leader knows it.","seo":{"seo_title":"The Secret To Dealing With Difficult Coworkers","seo_description":"Clark Valberg, CEO of InVision, shares the secret to dealing with difficult coworkers.","seo_keywords":"Clark Valberg, InVision, secret, difficult, coworkers, colleagues, leader, communicate, communicator","seo_news_keywords":"Clark Valberg, InVision, secret, difficult, coworkers, colleagues, leader, communicate, communicator","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F29%2Fsecret-difficult-coworkers%2F","shortlink":"http:\/\/for.tn\/1LZXfnK","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1LZXfnK","encoded_title":"The+secret+to+dealing+with+difficult+coworkers","twitter_text":"The secret to dealing with difficult coworkers ","twitter_via":"FORTUNE","facebook_desc":"Clark Valberg, CEO of InVision, shares the secret to dealing with difficult coworkers.","facebook_title":"The Secret To Dealing With Difficult Coworkers"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23859,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396695-0"]}]},"id":1403520,"ad":{"type":"ad"},"button_ads":true},"in_article_ad_id":["in-article-ad-1403520-0"]},{"id":1403721,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/turkey-election-akp\/","title":"What Turkey\u2019s election surprise says about the troubled country","content":"\u003Cp\u003EJust five months after failing to secure a parliamentary majority for the first time since 2002, Turkey\u2019s Justice and Development Party (AKP) came roaring back on Sunday with 49.4% of the popular vote and a renewed mandate to govern without any coalition partners. Going into the elections, all the polling indicated that the AKP would garner about 40% of the vote, which would force it to seek coalition partners to form a government. This was precisely the outcome of the June elections, after which the inability of the AKP and Turkey\u2019s other main parties to agree on a government produced a \u201chung parliament\u201d and Sunday\u2019s re-run elections.There are already questions about the AKP\u2019s turnaround, improving almost ten percentage points in an environment where the country is once again at war with the terrorists of the Kurdistan Workers\u2019 Party (PKK), where the self-declared Islamic State has perpetrated horrific bombings taking the lives of 134 Turks since July, and where the economy has been on the slide. Opponents of the AKP and critics of President Recep Tayyip Erdogan, who sabotaged coalition talks in June because he did not like the election results, suspect the outcome was manipulated. Erdogan and AKP party officials insist that voters opted for stability during increasingly uncertain times. Regardless, neither Erdogan nor the AKP have answers for the multiple crises buffeting the country.\u003C\/p\u003E\n\u003Cp\u003EThe most obvious and pressing problem for the new Turkish government is security. For the better part of the last 18 months, Turkey avoided direct confrontation with the Islamic State, fearing retaliation on the streets of Turkish cities. Ankara was also wary of the American strategy to fight the group in Iraq first without addressing what Turkish officials have long believed to be the root cause of the Islamic State problem\u2014the regime of Syria\u2019s Bashar al-Assad, which has created the kind of chaos in which the Islamic State has thrived. The Turks also determined that Kurdish nationalism and the consonant political gains that Syrian, Iraqi, and Turkish Kurds have made was a greater threat to their sovereignty than the Islamic State\u2019s nihilism.\u003C\/p\u003E\n\u003Cp\u003EDespite this caution, Turkey now confronts simultaneous conflicts with the PKK and the Islamic State. After a year of intensive American diplomacy, Ankara\u2019s decision last July to provide the United States and coalition forces access to air bases close to the Islamic State\u2019s territory has made Turkey a target. The threat is considerable given the fact that almost five years after the conflict in neighboring Syria began, the Islamic State (and other extremist groups) has built networks and infrastructure along the Turkish-Syrian border. Consequently, there are likely to be more Islamic State-related attacks in Turkish cities. As for the PKK, since 1984 Turkish security forces have been unable to bring the conflict with that group to an end. There is no reason to believe they will be successful now. Barring a return to the on-again, off-again negotiations that the Turkish government and the PKK launched in 2013, the violence is likely to continue.\u003C\/p\u003E\n\u003Cp\u003EDespite continuing question about security, Turkey\u2019s markets soared and the lira reversed its slide against the dollar the morning after AKP\u2019s resounding victory. Investors had grown accustomed to the political stability that Erdogan and successive AKP governments have provided over the last 13 years. The optimism of the markets may be short lived, however. Other than the continuity and stability that investors seem to be betting on in the short run, Turkey\u2019s economic challenges remain exactly what they were the day before Turks cast their ballots.\u003C\/p\u003E\n\u003Cp\u003ETurkey\u2019s economy is expected to grow 2.8% in 2015 and barely improve in the following five years. Unemployment has consistently hovered around 10%, though it has been as high as 14% in 2009 and as low as 7.8% in 2012. Youth unemployment is double the national average. Yet the biggest question coming out of the election relates to economic policymaking and management. Will the former deputy prime minister, Ali Babacan, who was unable to run in the June elections due to an AKP by-law (since relaxed) that prevents him from sitting in parliament for three consecutive terms, return to his former position to anchor the economy? Babacan in particular has a sterling reputation and his reappointment would certainly boost investor confidence.\u003C\/p\u003E\n\u003Cp\u003EThe other major economic issue is the independence of Turkey\u2019s Central Bank. Erdogan has lashed out whenever the Bank\u2019s officials have broached the idea of raising interest rates. From his perspective, low interest rates are an important component of the AKP\u2019s electoral success because cheap money drives growth, which makes people wealthier, and, to the extent that Turks vote with their wallets, Erdogan and the AKP benefit. This in turn advances the president\u2019s effort to transform Turkish society. Central Bank officials have resisted Erdogan\u2019s pressure when they were forced to raise interbank rates in January 2014, though they seemed to heed his demands that those rates come down quickly. It seems entirely possible that the AKP and Erdogan will use the mandate Turks gave them on Sunday to chip away at the Central Bank\u2019s independence.\u003C\/p\u003E\n\u003Cp\u003EOf broader concern are Turkey\u2019s deep divisions. Erdogan and the AKP originally came to power on a broad coalition of Turks from different sectors of society. After the 2007 elections in which the party won 47% of the vote when pious Turks, Kurds, liberals, big businesses, and average Turks voted for the AKP in what was then unprecedented numbers, Erdogan sought electoral success through confrontation and polarization. His success has produced an environment in which there are two mutually incomprehensible societies living side by side. Erdogan and the AKP have governed those who support them and sought to intimidate the others. Turks have not experienced this kind of tension and mistrust since the violence that broke out between leftist and rightist political groups in 1976 and that lasted for four years, taking the lives of anywhere between 4,500 and 5,000 Turks.\u003C\/p\u003E\n\u003Cp\u003EThere is little reason to believe that Sunday\u2019s elections have put an end to Turkey\u2019s troubles. The AKP seems intent on pressing its political advantage and imposing its worldview on the country despite the fact that approximately half the population disagrees with that vision. Security remains a significant and ongoing problem, which will continue to weigh on international investors. In 2002, the AKP was elected to resolve a similar set of problems. The irony of Turkey\u2019s present situation is that Erdogan and the AKP exacerbated these very problems in order to reestablish their dominant position in the political arena. Despite outward signs of a robust and healthy political system, Sunday\u2019s election disguises a troubled country.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ESteven A. Cook is the Eni Enrico Mattei Senior Fellow for Middle East and Africa Studies at the Council on Foreign Relations. Oxford University Press will publish his upcoming book, \u003C\/em\u003EThwarted Dreams: Violence and Authoritarianism in the New Middle East\u003Cem\u003E, in 2016.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 03:55:12","updated":"2015-11-02 03:55:12","minute":"3:55 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-election-akp\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-election-akp\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-election-akp\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"What Turkey\u2019s election surprise says about the troubled country","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-481075831.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Adem Altan \u2014 AFP\/Getty Images","caption":"A man waves a Turkish flag in front of a portrait of Turkish Prime Minister Recep Tayyip Erdogan during a campaign meeting of the Justice and Development Party in the Beysehir district of Konya province in central Turkey on March 26, 2014. AFP PHOTO\/ADEM ALTAN     (Photo credit should read ADEM ALTAN\/AFP\/Getty Images)","attach_id":"1398528"},"excerpt":"\u003Cp\u003EOn Sunday, incumbent President Recep Tayyip Erdogan\u0026#8217;s Justice and Development Party earned an unexpected majority in the country\u0026#8217;s second election within five months.\u003C\/p\u003E\n","authors":[{"id":"462498","url":"http:\/\/fortune.com\/author\/steven-a-cook\/","name":"Steven A. Cook","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1206,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":48351581,"name":"AKP","slug":"akp-2","term_group":0,"term_taxonomy_id":154081,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1324,"filter":"raw"},{"term_id":583640,"name":"Council on Foreign Relations","slug":"council-on-foreign-relations","term_group":0,"term_taxonomy_id":46835,"taxonomy":"post_tag","description":"","parent":0,"count":12,"filter":"raw"},{"term_id":19229,"name":"election","slug":"election","term_group":0,"term_taxonomy_id":111933,"taxonomy":"post_tag","description":"","parent":0,"count":16,"filter":"raw"},{"term_id":5750331,"name":"Justice and Development Party","slug":"justice-and-development-party","term_group":0,"term_taxonomy_id":154082,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":869071,"name":"Recep Tayyip Erdogan","slug":"recep-tayyip-erdogan","term_group":0,"term_taxonomy_id":154083,"taxonomy":"post_tag","description":"","parent":0,"count":0,"filter":"raw"},{"term_id":1148,"name":"Turkey","slug":"turkey","term_group":0,"term_taxonomy_id":111842,"taxonomy":"post_tag","description":"","parent":0,"count":18,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Turkey","slug":"turkey","url":"http:\/\/fortune.com\/tag\/turkey\/"},"f500_tag":false,"paid":false,"paid_excerpt":"On Sunday, incumbent President Recep Tayyip Erdogan\u0026#8217;s Justice and Development Party earned an unexpected majority in the country\u0026#8217;s second election within five months.","seo":{"seo_title":"What Turkey\u2019s election surprise says about the troubled country","seo_description":"On Sunday, incumbent President Recep Tayyip Erdogan\u0027s Justice and Development Party earned an unexpected majority in the country\u0027s second election within five months.","seo_keywords":"AKP, Turkey, Justice and Development Party, Turkey election, Recep Tayyip Erdogan, Council on Foreign Relations","seo_news_keywords":"AKP, Turkey, Justice and Development Party, Turkey election, Recep Tayyip Erdogan, Council on Foreign Relations","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-election-akp\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fturkey-election-akp%2F","shortlink":"http:\/\/for.tn\/1GZE2Wx","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1GZE2Wx","encoded_title":"What+Turkey%E2%80%99s+election+surprise+says+about+the+troubled+country","twitter_text":"What Turkey\u2019s election surprise says about the troubled country","twitter_via":"FORTUNE","facebook_desc":"On Sunday, incumbent President Recep Tayyip Erdogan\u0027s Justice and Development Party earned an unexpected majority in the country\u0027s second election within five months.","facebook_title":"What Turkey\u2019s election surprise says about the troubled country"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23917,"filter":"raw"},"related_posts":[{"id":1402172,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/turkey-elections-erdogan-akp-victory\/","title":"Turkey\u0027s elections bolster Erdogan\u0027s bid for more power","content":"\u003Cp\u003E\u003Cem\u003EThis article is published in partnership with \u003Ca href=\u0022http:\/\/time.com\/\u0022 target=\u0022_blank\u0022\u003ETime.com\u003C\/a\u003E. The original version can be found \u003Ca href=\u0022http:\/\/time.com\/4095829\/turkey-akp-wins-elections\/\u0022 target=\u0022_blank\u0022\u003Ehere\u003C\/a\u003E. \u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EBy Jared Malsin\u003C\/p\u003E\n\u003Cp\u003ETurkey\u2019s conservative ruling party won an unexpected victory in Sunday\u2019s parliamentary elections, dashing opposition hopes and cementing the rule of president Recep Tayyip Erdo\u011fan.\u003C\/p\u003E\n\u003Cp\u003EWith the vast majority of the vote counted on Sunday night, Turkey\u2019s Daily Sabah newspaper projected the Justice and Development Party (known by the Turkish acronym AKP) to win more than 49 percent of the popular vote, more than enough for a significant majority of seats in the country\u2019s 550-seat parliament.\u003C\/p\u003E\n\u003Cp\u003EThe surprising comeback of Erdo\u011fan\u2019s party ensures that party and its brand of \u201c\u003Ca href=\u0022https:\/\/en.wikipedia.org\/wiki\/Conservative_democracy\u0022\u003Econservative democracy\u003C\/a\u003E\u201d will continue to be the dominant force in Turkish politics, continuing more than 13 years of rule.\u003C\/p\u003E\n\u003Cp\u003EBut regardless of Sunday\u2019s results, Erdo\u011fan and the parliament have a challenging task ahead of them. The government faces a bitterly divided public, deep challenges to Turkey\u2019s economy, and serious security and strategic problems surrounding Turkey\u2019s involvement in the crisis in Syria.\u003C\/p\u003E\n\u003Cp\u003E\u201cIt\u2019s going to be uncomfortable,\u201d said Nigar G\u00f6ksel, a senior analyst with International Crisis Group based in Istanbul. \u201cIt\u2019s going to be very hard to govern because the sides are so polarized. And it\u2019s not going to change overnight. Trust in the rule of law; it\u2019s so weak.\u201d\u003C\/p\u003E\n\u003Cp\u003EFinancial markets\u0026#8217; first reaction was positive, however, with the Turkish lira surging nearly 4% against the dollar to its highest level in over two months, while the local stock market was up over 4%. At its worst, in September, the lira had lost over half its value against the dollar since Erdogan began his push for constitutional change four years ago.\u003C\/p\u003E\n\u003Cp\u003ESunday\u2019s results effectively reversed the results of the previous election less than six months ago, in which Erdo\u011fan\u2019s party lost its majority in parliament.\u003C\/p\u003E\n\u003Cp\u003EErdogan and Prime Minister Ahmet Davuto\u011flu preside over a country in which large portions of the public, particularly Kurds in the southeast of the country, distrust the state. The government also recently intensified military action against Kurdish militants and other armed groups as the country faces an upsurge in attacks that have been blamed on ISIS.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EBayram Balci, a scholar with the Carnegie Endowment for International peace, said it was an open question \u003C\/span\u003E\u201chow the AKP will gather a very divided and polarized Turkish society,\u201d but that the unilateral victory in the elections could even give the party a freer hand to negotiate with Kurdish guerrillas.\u003C\/p\u003E\n\u003Cp class=\u0022p3\u0022\u003E\u201cI am optimistic as the clear victory for the AKP will help him to be less divisive,\u201d he said. \u201cI think the authoritarianism we have seen was partly because the AKP and more precisely Erdogan was very vulnerable. \u003Cspan class=\u0022s2\u0022\u003EWith this victory they will be able in the AKP to find a more moderate policy.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003EThe previous parliamentary election in June was a setback for Erdogan and the AKP, who were deprived majority. The election also catapulted a new force into official politics in the form of the pro-Kurdish People\u2019s Democratic Party (known as HDP), which joined parliament for the first time after winning a 10 required percent of the popular vote.\u003C\/p\u003E\n\u003Cp\u003EThe HDP is a diverse coalition of Kurds, other ethnic minorities, and leftists that advocates ethnic pluralism. Turkish progressives hailed the HDP\u2019s rise\u2014along with the AKP\u2019s troubles\u2014as a sign of a deeper shift in Turkish politics, perhaps even the end of the Erdo\u011fan era.\u003C\/p\u003E\n\u003Cp\u003EThose hopes unraveled in the months that followed. Turkey\u2019s four main political parties failed to come up with a governing arrangement. In another ominous sign, two massive bomb attacks took place, one targeting a group of left-wing volunteers heading to Syria, another striking an opposition rally in the capital, Ankara, killing at least 102 people in Turkey\u2019s deadliest insurgent attack in recent history. Those bombings and other events \u003Ca href=\u0022http:\/\/time.com\/4069267\/ankara-turkey-bombing-attack-isis\/\u0022\u003Eheightened concerns about security and Turkey\u2019s overall political stability\u003C\/a\u003E. The HDP was forced to forgo major campaign rallies out of concern for their own members\u2019 safety.\u003C\/p\u003E\n\u003Cp\u003EIn Sunday\u2019s election, preliminary results suggested HDP managed to maintain the 10 percent it needed to remain in parliament. But the party\u2019s leaders and supporters experienced none of the euphoria of the June election.\u003C\/p\u003E\n\u003Cp\u003E\u201cUnfortunately, it was a difficult and troubled period of election campaigning. Lives were lost,\u201d said HDP leader Selahattin Demirtas, after he casting his vote on Sunday, according to The Associated Press. \u201cMy wish is that a great hope for peace and calm emerges [from the vote].\u201d\u003C\/p\u003E\n\u003Cp\u003EErdo\u011fan\u2019s supporters have attempted to link Demirtas and his legal pro-Kurdish party to the Kurdish militants of the Kurdistan Workers Party (PKK), which Turkey and the United States classify as a terrorist group. Erdo\u011fan\u2019s government has accelerated airstrikes and other action against PKK and related militants in eastern Turkey, Iraq, and in Syria, where Kurdish fighters are allied with the U.S. in fighting ISIS.\u003C\/p\u003E\n\u003Cp\u003EThe recent airstrikes have complicated an already messy geopolitical puzzle. But in domestic Turkish politics, there is some evidence that concerns about stability may have worked in the AKP\u2019s favor in this election.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00225\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4473591280001-5\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224473591280001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1M6ksVu\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/international_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Deuropemigrantcrisis%2Ceuropenews%2Ceuropeancommission%2Chungarymigrantcrisis%2Cjeanclaudejuncker%2Cmigrantcrisis%2Crefugeecrisis%2Csyrianmigrants%2Csyrianrefugees%2Cunitednations%2Cunitednationsmigrants%2Cunitednationsrefugees%2Cvideo%2Cworldnews%26ch%3Dinternational%26topic%3Dmigrantcrisis\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 04:13:01","updated":"2015-11-02 04:13:01","minute":"4:13 AM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-elections-erdogan-akp-victory\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-elections-erdogan-akp-victory\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-elections-erdogan-akp-victory\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Turkey\u0027s elections bolster Erdogan\u0027s bid for more power","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/gettyimages-495274390.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Kerem Uzel \u2014 Bloomberg via Getty Images","caption":"A supporter of the Justice and Development Party, also known as AK Party or AKP, displays a political poster with the image of Recep Tayyip Erdogan, Turkey\u0026#039;s president, following the result of the Turkish general election in Istanbul, Turkey, on Sunday, Nov. 1, 2015. Turkeys AK Party swept back into office in parliamentary elections, strengthening President Erdogans 13-year grip on power after a divisive campaign scarred by violence. Photographer: Kerem Uzel\/Bloomberg via Getty Images","attach_id":"1402200"},"excerpt":"\u003Cp\u003E\u201cIt\u2019s going to be uncomfortable\u201d\u003C\/p\u003E\n","authors":[{"id":"785968","url":"http:\/\/fortune.com\/author\/time-magazine\/","name":"TIME","twitter":"TIME","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/09\/picture_24.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022TIME guest author\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/09\/picture_24.png?w=150",150,150,true],"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":5142,"name":"International","slug":"international","term_group":0,"term_taxonomy_id":46731,"taxonomy":"category","description":"News with an international focus on the global marketplace and how the world\u0027s connected economies run.","parent":0,"count":3520,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10263,"filter":"raw"}],"section":{"name":"International","slug":"international","url":"http:\/\/fortune.com\/international\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":398,"name":"Politics","slug":"politics","term_group":0,"term_taxonomy_id":56498,"taxonomy":"post_tag","description":"","parent":0,"count":287,"filter":"raw"},{"term_id":414870010,"name":"pubddesk","slug":"pubddesk","term_group":0,"term_taxonomy_id":153926,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2946,"filter":"raw"},{"term_id":4347557,"name":"Recep Erdogan","slug":"recep-erdogan","term_group":0,"term_taxonomy_id":152334,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":18052,"name":"Syria","slug":"syria","term_group":0,"term_taxonomy_id":111926,"taxonomy":"post_tag","description":"","parent":0,"count":35,"filter":"raw"},{"term_id":1148,"name":"Turkey","slug":"turkey","term_group":0,"term_taxonomy_id":111842,"taxonomy":"post_tag","description":"","parent":0,"count":17,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Turkey","slug":"turkey","url":"http:\/\/fortune.com\/tag\/turkey\/"},"f500_tag":false,"paid":false,"paid_excerpt":"\u201cIt\u2019s going to be uncomfortable\u201d","seo":{"seo_title":"Turkey\u0027s Elections Bolster Erdogan\u0027s Bid For More Power","seo_description":"Turkey\u2019s ruling AKP party won an unexpected victory in Sunday\u2019s parliamentary elections, cementing the rule of president Erdo\u011fan.","seo_keywords":"Turkey, elections, Turkish elections, result, AKP, victory, Recep Tayyip Erdogan, Syria","seo_news_keywords":"Turkey, elections, Turkish elections, result, AKP, victory, Recep Tayyip Erdogan, Syria","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-elections-erdogan-akp-victory\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fturkey-elections-erdogan-akp-victory%2F","shortlink":"http:\/\/for.tn\/1M6ksVu","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1M6ksVu","encoded_title":"Turkey%E2%80%99s+elections+bolster+Erdogan%E2%80%99s+bid+for+more+power","twitter_text":"Turkey\u0027s elections boslter Erdogan\u0027s bid for more power","twitter_via":"FORTUNE","facebook_desc":"\u201cIt\u2019s going to be uncomfortable\u201d","facebook_title":"Turkey\u0027s Elections Bolster Erdogan\u0027s Bid For More Power"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23903,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1402172-0","in-article-ad-1402172-1","in-article-ad-1402172-2"]},{"id":1399354,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/01\/week-ahead-5things-jobs\/","title":"October jobs, Facebook\u0027s earnings, and Turkey\u0027s election \u2014\u00a05 things to know this week","content":"\u003Cp\u003EHello friends and \u003Cem\u003EFortune\u003C\/em\u003E readers.\u003C\/p\u003E\n\u003Cp\u003EThis week brings a fresh round of economic data that could influence the Federal Reserve as it considers the timing of its long-awaited interest rate hike. Corporate earnings season is still in full swing, with the latest quarterly reports due from industry titans such from Disney to Facebook. Meanwhile, in overseas news, Turkey went back to the polls on Sunday, and the U.K.\u0026#8217;s central bank will makes an interest rate decision.\u003C\/p\u003E\n\u003Cp\u003EHere\u0026#8217;s what you need to know to start the week.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E1. October jobs report\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EMarkets will be watching closely Friday morning, when the Labor Department puts out preliminary employment numbers for the month of October. The government is expected to report that the U.S. economy added 178,000 jobs in October, compared to only 142,000 added in September. Last month\u0026#8217;s report came in far weaker than analysts expected (the estimate was 200,000), but U.S. stocks actually rebounded on the news, as investors saw the week growth as a factor that could convince the Federal Reserve to put off raising interest rates.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. More economic data: manufacturing, trade deficit, auto sales\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EOther potentially market-moving economic data due this week includes Monday\u0026#8217;s survey of purchasing managers, from the Institute for Supply Management, which could help stocks with a weak showing in the manufacturing sector. And, on Tuesday, automakers will report U.S. vehicle sales for October, which are expected to be strong, thanks to low gas prices and the improved labor market. Meanwhile, the Commerce Department is expected to report Wednesday that the U.S. trade deficit narrowed slightly in September after increasing by $6.5 billion in August.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00226\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4590271013001-6\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224590271013001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1WoMFvu\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/franchises_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dchipotle%2Cchipotleecoli%2Cchipotleecoli%2Cchipotlefoodborneillness%2Cchipotlesalmonella%2Cecolioutbreakoregon%2Cecolioutbreakwashington%2Cischipotlebadforyou%26ch%3Dfranchises%26topic%3Dchipotleecoli\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. Earnings: Facebook, Disney\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ESeveral more major companies will report their latest quarterly earnings this week, including Walt Disney \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022DIS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/dis\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EDIS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Warren Buffett investment vehicle Berkshire Hathaway \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022BRK\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/brk\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EBRK\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, and social networking giant Facebook \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022FB\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/fb\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EFB\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E. Facebook has increased spending this year on mobile businesses such as WhatsApp and the Messenger app, as well as the Oculus virtual reality business, but the company is still expected to report third-quarter profit that beats Wall Street\u0026#8217;s forecasts. Disney will report its fourth-quarter and full-year numbers, with the \u0026#8220;Mouse House\u0026#8221; likely to fall short of analysts\u0026#8217; revenue estimates after the company lowered its cable networks\u0026#8217; profit forecasts due to declining subscribers. And, Berkshire Hathaway is expected to report a non-cash gain of roughly $7 billion in the third quarter, thanks to a boost in the value of the firm\u0026#8217;s stake in Kraft Heinz \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022KHC\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/khc\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EKHC\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, though Berkshire\u0026#8217;s profits per share could be hurt by declining stock prices. Other companies reporting earnings this week include Cigna \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CI\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/ci\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECI\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Molson Coors Brewing \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TAP\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tap\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETAP\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Tesla Motors \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TSLA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tsla\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETSLA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, and Qualcomm \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022QCOM\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/qcom\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EQCOM\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. Turkey\u0026#8217;s election\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ETurkey held a snap election on Sunday after a \u003Ca href=\u0022http:\/\/fortune.com\/2015\/06\/07\/turkey-national-election-results\/\u0022 target=\u0022_blank\u0022\u003Eprevious election in June\u003C\/a\u003E resulted in a hung parliament and a coalition could not be reached. The ruling Justice and Development Party (AKP) \u003Ca href=\u0022http:\/\/www.bbc.com\/news\/world-europe-34694420\u0022\u003Ewon back the majority it lost in June\u003C\/a\u003E. As \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/turkey-election-markets\/\u0022 target=\u0022_blank\u0022\u003E\u003Cem\u003EFortune\u003C\/em\u003E noted on Friday\u003C\/a\u003E, the outcome of the election should be important for global financial markets, as Turkey\u0026#8217;s lira currency has seen quite a bit of volatility recently.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00227\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4587399063001-7\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224587399063001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1WoMFvu\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbestlessonlearned%2Cbillmaris%2Cchase%2Cchrismartin%2Cdollarshaveclub%2Cebay%2Cetsy%2Cfortunevideo%2Cgoogleventures%2Cgrokker%2Cjpmorganchase%2Ckatrinalake%2Ckristinasalen%2Clarsbjork%2Clornaborenstein%2Cmichaeldubin%2Cmichaellee%2Cmyfitnesspal%2Cnewyorkstockexchange%2Cnoahwintroub%2Cnyse%2Cpandora%2Cqlik%2Crjpittman%2Csiliconvalley%2Cstitchfix%2Cstitchfix%2Ctechcetera%2Ctecnology%2Ctomfarley%2Ctristanwalker%2Cwalkerandcompany%2Cyoutube%26ch%3Dtech%26topic%3Dtechcetera\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E5. Bank of England sets interest rates\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe Bank of England is not expected to touch its benchmark interest rate, which would remain steady at the central bank\u0026#8217;s all-time low of 0.5%. The bank\u0026#8217;s leaders will have to take into consideration the recent rebound for the pound, which \u003Ca href=\u0022http:\/\/www.bloomberg.com\/news\/articles\/2015-10-30\/boe-walking-policy-tightrope-as-pound-resurges-amid-rate-bets\u0022 target=\u0022_blank\u0022\u003Erecently saw its biggest monthly gain\u003C\/a\u003E versus the euro since 2010.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u2014Reuters contributed to this report.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"November 1, 2015","published":"2015-11-01 08:47:10","updated":"2015-11-01 08:47:10","minute":"8:47 PM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Week ahead: October jobs, Facebook\u0027s earnings, and Turkey\u0027s election","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-490329518.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by David Paul Morris \u2014 Bloomberg via Getty Images","caption":"Mark Zuckerberg, chief executive officer of Facebook.","attach_id":"1351899"},"excerpt":"\u003Cp\u003EHere\u0026#8217;s what you need to know for the week ahead.\u003C\/p\u003E\n","authors":[{"id":"276852","url":"http:\/\/fortune.com\/author\/tom-huddleston-jr\/","name":"Tom Huddleston, Jr.","twitter":"tjhuddle","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026w=150",150,150,true],"bio":"Tom Huddleston, Jr. is a writer for fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":9548,"name":"Features","slug":"features","term_group":0,"term_taxonomy_id":46733,"taxonomy":"category","description":"News and in-depth looks at topics of interest to the Forune audience, with a focus on storytelling and context of the news you need to know.","parent":0,"count":5237,"filter":"raw"},{"term_id":5142,"name":"International","slug":"international","term_group":0,"term_taxonomy_id":46731,"taxonomy":"category","description":"News with an international focus on the global marketplace and how the world\u0027s connected economies 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Election"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23858,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1399354-0","in-article-ad-1399354-1","in-article-ad-1399354-2"]},{"id":1379299,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/21\/vice-blackout\/","title":"VICE Media sites go dark in support of journalist imprisoned in Turkey","content":"\u003Cp\u003EVICE Media says it is blacking out all of its digital channels around the world for two hours on Wednesday, in an attempt to raise awareness about the ongoing detention of a journalist in Turkey. The front pages of all the company\u0026#8217;s websites will be replaced with a message and a link to a petition asking for his release.\u003C\/p\u003E\n\u003Cp\u003EMohammed Rasool, an Iraqi-born journalist and translator, \u003Ca href=\u0022http:\/\/www.poynter.org\/news\/mediawire\/371083\/with-arrest-of-vice-journalists-turkey-signals-forbidding-posture-toward-foreign-press\/\u0022\u003Ewas arrested along with\u003C\/a\u003E two other Vice News journalists in August and thrown in jail. Rasool\u0026#8217;s British colleagues were released in September, but he remains in a maximum-security prison.\u003C\/p\u003E\n\u003Cp\u003EAnyone visiting any of the company\u0026#8217;s almost 100 digital properties between 10 a.m. and 12 p.m EST will be greeted by a black screen, with a message asking them to sign a Change.org petition calling for Rasool\u0026#8217;s release, and to spread the link via social media. The petition was created by VICE with advice from the Committee to Protect Journalists, and is addressed to Turkish president Recep Erdogan.\u003C\/p\u003E\n\u003Cp\u003ERasool and his colleagues Phil Pendlebury and Jake Hanrahan were arrested while reporting in southeast Turkey and were \u003Ca href=\u0022http:\/\/www.theguardian.com\/media\/2015\/sep\/08\/vice-news-journalist-turkey-arrest-one-of-my-most-traumatic-experiences-ever\u0022\u003Edetained on suspicion\u003C\/a\u003E of assisting the terrorist organization ISIS. The team was covering clashes between the Youth Wing of the PKK\u2014the Kurdistan Worker\u0026#8217;s Party\u2014and Turkish authorities in Cizre and Diyarbakir.\u003C\/p\u003E\n\u003Cp\u003ERasool is a 25-year-old freelance journalist and also a student in international relations at a university in Istanbul, who has worked as a translator and fixer for VICE and other media outlets, including Al Jazeera and Associated Press.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/Gh9cju-8b4k?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;The very existence of democracy relies on a free and thriving fourth estate,\u0026#8221; VICE founder Shane Smith said in a prepared statement about the blackout campaign. \u0026#8220;Please help us focus attention on Rasool\u0026#8217;s case, by sharing the hashtag on social media of #FreeRasool, and keeping pressure on the Turkish authorities to free him immediately.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EIt\u0026#8217;s not clear how many visitors will see the VICE message, but Wednesday is one of the highest traffic days for many online sites, and doing it at 10 am EST means that viewers in almost every country will be affected. The blackout includes VICE\u0026#8217;s Snapchat channel and all of its social-media properties as well as its traditional websites.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;The ongoing imprisonment of Mohammed Ismael Rasool is a tremendous injustice, one that highlights the arbitrary, capricious and punitive nature of the Turkish criminal justice system,\u0026#8221; said Joel Simon, executive director of the Committee to Protect Journalists.\u003C\/p\u003E\n\u003Cp\u003EUnfortunately, Rasool\u0026#8217;s case is far from unique in Turkey. The country \u003Ca href=\u0022https:\/\/cpj.org\/2013\/12\/turkey-worst-jailer-of-journalists-for-second-year.php\u0022\u003Eis infamous\u003C\/a\u003E not just for imprisoning journalists but for its totalitarian approach to media in general, including the suppression of social media through censorship of Twitter \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TWTR\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/twtr\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETWTR\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Facebook \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022FB\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/fb\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EFB\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and YouTube. Twitter has fought a number of times to strike down censorship orders from the Turkish authorities, or demands to release user information.\u003C\/p\u003E\n\u003Cp\u003EAccording to Turkish dissidents, social media and external sources such as VICE are even \u003Ca href=\u0022https:\/\/gigaom.com\/2013\/06\/27\/texas-and-turkey-show-why-twitter-is-often-the-only-media-outlet-that-matters\/\u0022\u003Emore important\u003C\/a\u003E than they would be elsewhere because local media outlets are unwilling to report on corruption or the behavior of Turkish police and armed forces. In part, that\u0026#8217;s because media ownership is concentrated among friends of the government, but it\u0026#8217;s also because those who report on military action \u003Ca href=\u0022https:\/\/gigaom.com\/2015\/01\/16\/twitter-fights-turkish-order-to-block-newspapers-twitter-account\/\u0022\u003Eare often censored\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EAlex Miller, the global head of content at VICE Media, said in a statement that its readers \u0026#8220;care deeply about freedom of speech and human rights\u0026#8221; and that\u0026#8217;s why the company decided to launch the campaign for Rasool\u0026#8217;s release.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EYou can follow Mathew Ingram on Twitter at \u003Ca href=\u0022http:\/\/twitter.com\/mathewi\u0022\u003E@mathewi\u003C\/a\u003E, and read all of his posts \u003Ca href=\u0022http:\/\/fortune.com\/author\/mathew-ingram\/\u0022\u003Ehere\u003C\/a\u003E or via \u003Ca href=\u0022http:\/\/fortune.com\/author\/mathew-ingram\/feed\/\u0022\u003Ehis RSS feed\u003C\/a\u003E. And please \u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022\u003Esubscribe to Data Sheet\u003C\/a\u003E, Fortune\u2019s daily newsletter on the business of technology.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"October 21, 2015","published":"2015-10-21 10:00:09","updated":"2015-10-21 10:00:09","minute":"10:00 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/21\/vice-blackout\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/21\/vice-blackout\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/21\/vice-blackout\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"VICE goes dark to protest journalist\u0027s imprisonment","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/unnamed2.png?w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"VICE Media","caption":"","attach_id":"1379305"},"excerpt":"\u003Cp\u003EVICE is blacking out its websites as part of a campaign to free a journalist unjustly held in a Turkish prison.\u003C\/p\u003E\n","authors":[{"id":"1067007","url":"http:\/\/fortune.com\/author\/mathew-ingram\/","name":"Mathew Ingram","twitter":"mathewi","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/06\/mathew_ingram-555.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Mathew Ingram\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/06\/mathew_ingram-555.jpg?quality=80\u0026w=150",150,150,true],"bio":"Mathew Ingram is a senior writer at \u003Cem\u003EFortune\u003C\/em\u003E with a focus on media and technology. He is based in Toronto.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22100,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data 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dark"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23903,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1379299-0"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1402172,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/turkey-elections-erdogan-akp-victory\/","title":"Turkey\u0027s elections bolster Erdogan\u0027s bid for more power","content":"\u003Cp\u003E\u003Cem\u003EThis article is published in partnership with \u003Ca href=\u0022http:\/\/time.com\/\u0022 target=\u0022_blank\u0022\u003ETime.com\u003C\/a\u003E. The original version can be found \u003Ca href=\u0022http:\/\/time.com\/4095829\/turkey-akp-wins-elections\/\u0022 target=\u0022_blank\u0022\u003Ehere\u003C\/a\u003E. \u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EBy Jared Malsin\u003C\/p\u003E\n\u003Cp\u003ETurkey\u2019s conservative ruling party won an unexpected victory in Sunday\u2019s parliamentary elections, dashing opposition hopes and cementing the rule of president Recep Tayyip Erdo\u011fan.\u003C\/p\u003E\n\u003Cp\u003EWith the vast majority of the vote counted on Sunday night, Turkey\u2019s Daily Sabah newspaper projected the Justice and Development Party (known by the Turkish acronym AKP) to win more than 49 percent of the popular vote, more than enough for a significant majority of seats in the country\u2019s 550-seat parliament.\u003C\/p\u003E\n\u003Cp\u003EThe surprising comeback of Erdo\u011fan\u2019s party ensures that party and its brand of \u201c\u003Ca href=\u0022https:\/\/en.wikipedia.org\/wiki\/Conservative_democracy\u0022\u003Econservative democracy\u003C\/a\u003E\u201d will continue to be the dominant force in Turkish politics, continuing more than 13 years of rule.\u003C\/p\u003E\n\u003Cp\u003EBut regardless of Sunday\u2019s results, Erdo\u011fan and the parliament have a challenging task ahead of them. The government faces a bitterly divided public, deep challenges to Turkey\u2019s economy, and serious security and strategic problems surrounding Turkey\u2019s involvement in the crisis in Syria.\u003C\/p\u003E\n\u003Cp\u003E\u201cIt\u2019s going to be uncomfortable,\u201d said Nigar G\u00f6ksel, a senior analyst with International Crisis Group based in Istanbul. \u201cIt\u2019s going to be very hard to govern because the sides are so polarized. And it\u2019s not going to change overnight. Trust in the rule of law; it\u2019s so weak.\u201d\u003C\/p\u003E\n\u003Cp\u003EFinancial markets\u0026#8217; first reaction was positive, however, with the Turkish lira surging nearly 4% against the dollar to its highest level in over two months, while the local stock market was up over 4%. At its worst, in September, the lira had lost over half its value against the dollar since Erdogan began his push for constitutional change four years ago.\u003C\/p\u003E\n\u003Cp\u003ESunday\u2019s results effectively reversed the results of the previous election less than six months ago, in which Erdo\u011fan\u2019s party lost its majority in parliament.\u003C\/p\u003E\n\u003Cp\u003EErdogan and Prime Minister Ahmet Davuto\u011flu preside over a country in which large portions of the public, particularly Kurds in the southeast of the country, distrust the state. The government also recently intensified military action against Kurdish militants and other armed groups as the country faces an upsurge in attacks that have been blamed on ISIS.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EBayram Balci, a scholar with the Carnegie Endowment for International peace, said it was an open question \u003C\/span\u003E\u201chow the AKP will gather a very divided and polarized Turkish society,\u201d but that the unilateral victory in the elections could even give the party a freer hand to negotiate with Kurdish guerrillas.\u003C\/p\u003E\n\u003Cp class=\u0022p3\u0022\u003E\u201cI am optimistic as the clear victory for the AKP will help him to be less divisive,\u201d he said. \u201cI think the authoritarianism we have seen was partly because the AKP and more precisely Erdogan was very vulnerable. \u003Cspan class=\u0022s2\u0022\u003EWith this victory they will be able in the AKP to find a more moderate policy.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003EThe previous parliamentary election in June was a setback for Erdogan and the AKP, who were deprived majority. The election also catapulted a new force into official politics in the form of the pro-Kurdish People\u2019s Democratic Party (known as HDP), which joined parliament for the first time after winning a 10 required percent of the popular vote.\u003C\/p\u003E\n\u003Cp\u003EThe HDP is a diverse coalition of Kurds, other ethnic minorities, and leftists that advocates ethnic pluralism. Turkish progressives hailed the HDP\u2019s rise\u2014along with the AKP\u2019s troubles\u2014as a sign of a deeper shift in Turkish politics, perhaps even the end of the Erdo\u011fan era.\u003C\/p\u003E\n\u003Cp\u003EThose hopes unraveled in the months that followed. Turkey\u2019s four main political parties failed to come up with a governing arrangement. In another ominous sign, two massive bomb attacks took place, one targeting a group of left-wing volunteers heading to Syria, another striking an opposition rally in the capital, Ankara, killing at least 102 people in Turkey\u2019s deadliest insurgent attack in recent history. Those bombings and other events \u003Ca href=\u0022http:\/\/time.com\/4069267\/ankara-turkey-bombing-attack-isis\/\u0022\u003Eheightened concerns about security and Turkey\u2019s overall political stability\u003C\/a\u003E. The HDP was forced to forgo major campaign rallies out of concern for their own members\u2019 safety.\u003C\/p\u003E\n\u003Cp\u003EIn Sunday\u2019s election, preliminary results suggested HDP managed to maintain the 10 percent it needed to remain in parliament. But the party\u2019s leaders and supporters experienced none of the euphoria of the June election.\u003C\/p\u003E\n\u003Cp\u003E\u201cUnfortunately, it was a difficult and troubled period of election campaigning. Lives were lost,\u201d said HDP leader Selahattin Demirtas, after he casting his vote on Sunday, according to The Associated Press. \u201cMy wish is that a great hope for peace and calm emerges [from the vote].\u201d\u003C\/p\u003E\n\u003Cp\u003EErdo\u011fan\u2019s supporters have attempted to link Demirtas and his legal pro-Kurdish party to the Kurdish militants of the Kurdistan Workers Party (PKK), which Turkey and the United States classify as a terrorist group. Erdo\u011fan\u2019s government has accelerated airstrikes and other action against PKK and related militants in eastern Turkey, Iraq, and in Syria, where Kurdish fighters are allied with the U.S. in fighting ISIS.\u003C\/p\u003E\n\u003Cp\u003EThe recent airstrikes have complicated an already messy geopolitical puzzle. But in domestic Turkish politics, there is some evidence that concerns about stability may have worked in the AKP\u2019s favor in this election.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00222\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4473591280001-2\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224473591280001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1M6ksVu\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/international_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Deuropemigrantcrisis%2Ceuropenews%2Ceuropeancommission%2Chungarymigrantcrisis%2Cjeanclaudejuncker%2Cmigrantcrisis%2Crefugeecrisis%2Csyrianmigrants%2Csyrianrefugees%2Cunitednations%2Cunitednationsmigrants%2Cunitednationsrefugees%2Cvideo%2Cworldnews%26ch%3Dinternational%26topic%3Dmigrantcrisis\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 04:13:01","updated":"2015-11-02 04:13:01","minute":"4:13 AM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-elections-erdogan-akp-victory\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-elections-erdogan-akp-victory\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-elections-erdogan-akp-victory\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Turkey\u0027s elections bolster Erdogan\u0027s bid for more power","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/gettyimages-495274390.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Kerem Uzel \u2014 Bloomberg via Getty Images","caption":"A supporter of the Justice and Development Party, also known as AK Party or AKP, displays a political poster with the image of Recep Tayyip Erdogan, Turkey\u0026#039;s president, following the result of the Turkish general election in Istanbul, Turkey, on Sunday, Nov. 1, 2015. Turkeys AK Party swept back into office in parliamentary elections, strengthening President Erdogans 13-year grip on power after a divisive campaign scarred by violence. Photographer: Kerem Uzel\/Bloomberg via Getty Images","attach_id":"1402200"},"excerpt":"\u003Cp\u003E\u201cIt\u2019s going to be uncomfortable\u201d\u003C\/p\u003E\n","authors":[{"id":"785968","url":"http:\/\/fortune.com\/author\/time-magazine\/","name":"TIME","twitter":"TIME","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/09\/picture_24.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022TIME guest author\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/09\/picture_24.png?w=150",150,150,true],"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":5142,"name":"International","slug":"international","term_group":0,"term_taxonomy_id":46731,"taxonomy":"category","description":"News with an international focus on the global marketplace and how the world\u0027s connected economies run.","parent":0,"count":3520,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10263,"filter":"raw"}],"section":{"name":"International","slug":"international","url":"http:\/\/fortune.com\/international\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":398,"name":"Politics","slug":"politics","term_group":0,"term_taxonomy_id":56498,"taxonomy":"post_tag","description":"","parent":0,"count":287,"filter":"raw"},{"term_id":414870010,"name":"pubddesk","slug":"pubddesk","term_group":0,"term_taxonomy_id":153926,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2946,"filter":"raw"},{"term_id":4347557,"name":"Recep Erdogan","slug":"recep-erdogan","term_group":0,"term_taxonomy_id":152334,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":18052,"name":"Syria","slug":"syria","term_group":0,"term_taxonomy_id":111926,"taxonomy":"post_tag","description":"","parent":0,"count":35,"filter":"raw"},{"term_id":1148,"name":"Turkey","slug":"turkey","term_group":0,"term_taxonomy_id":111842,"taxonomy":"post_tag","description":"","parent":0,"count":17,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Turkey","slug":"turkey","url":"http:\/\/fortune.com\/tag\/turkey\/"},"f500_tag":false,"paid":false,"paid_excerpt":"\u201cIt\u2019s going to be uncomfortable\u201d","seo":{"seo_title":"Turkey\u0027s Elections Bolster Erdogan\u0027s Bid For More Power","seo_description":"Turkey\u2019s ruling AKP party won an unexpected victory in Sunday\u2019s parliamentary elections, cementing the rule of president Erdo\u011fan.","seo_keywords":"Turkey, elections, Turkish elections, result, AKP, victory, Recep Tayyip Erdogan, Syria","seo_news_keywords":"Turkey, elections, Turkish elections, result, AKP, victory, Recep Tayyip Erdogan, Syria","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/turkey-elections-erdogan-akp-victory\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fturkey-elections-erdogan-akp-victory%2F","shortlink":"http:\/\/for.tn\/1M6ksVu","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1M6ksVu","encoded_title":"Turkey%E2%80%99s+elections+bolster+Erdogan%E2%80%99s+bid+for+more+power","twitter_text":"Turkey\u0027s elections boslter Erdogan\u0027s bid for more power","twitter_via":"FORTUNE","facebook_desc":"\u201cIt\u2019s going to be uncomfortable\u201d","facebook_title":"Turkey\u0027s Elections Bolster Erdogan\u0027s Bid For More Power"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23903,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1402172-0","in-article-ad-1402172-1","in-article-ad-1402172-2"]},{"id":1399354,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/01\/week-ahead-5things-jobs\/","title":"October jobs, Facebook\u0027s earnings, and Turkey\u0027s election \u2014\u00a05 things to know this week","content":"\u003Cp\u003EHello friends and \u003Cem\u003EFortune\u003C\/em\u003E readers.\u003C\/p\u003E\n\u003Cp\u003EThis week brings a fresh round of economic data that could influence the Federal Reserve as it considers the timing of its long-awaited interest rate hike. Corporate earnings season is still in full swing, with the latest quarterly reports due from industry titans such from Disney to Facebook. Meanwhile, in overseas news, Turkey went back to the polls on Sunday, and the U.K.\u0026#8217;s central bank will makes an interest rate decision.\u003C\/p\u003E\n\u003Cp\u003EHere\u0026#8217;s what you need to know to start the week.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E1. October jobs report\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EMarkets will be watching closely Friday morning, when the Labor Department puts out preliminary employment numbers for the month of October. The government is expected to report that the U.S. economy added 178,000 jobs in October, compared to only 142,000 added in September. Last month\u0026#8217;s report came in far weaker than analysts expected (the estimate was 200,000), but U.S. stocks actually rebounded on the news, as investors saw the week growth as a factor that could convince the Federal Reserve to put off raising interest rates.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. More economic data: manufacturing, trade deficit, auto sales\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EOther potentially market-moving economic data due this week includes Monday\u0026#8217;s survey of purchasing managers, from the Institute for Supply Management, which could help stocks with a weak showing in the manufacturing sector. And, on Tuesday, automakers will report U.S. vehicle sales for October, which are expected to be strong, thanks to low gas prices and the improved labor market. Meanwhile, the Commerce Department is expected to report Wednesday that the U.S. trade deficit narrowed slightly in September after increasing by $6.5 billion in August.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00223\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4590271013001-3\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224590271013001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1WoMFvu\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/franchises_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dchipotle%2Cchipotleecoli%2Cchipotleecoli%2Cchipotlefoodborneillness%2Cchipotlesalmonella%2Cecolioutbreakoregon%2Cecolioutbreakwashington%2Cischipotlebadforyou%26ch%3Dfranchises%26topic%3Dchipotleecoli\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. Earnings: Facebook, Disney\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ESeveral more major companies will report their latest quarterly earnings this week, including Walt Disney \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022DIS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/dis\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EDIS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Warren Buffett investment vehicle Berkshire Hathaway \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022BRK\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/brk\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EBRK\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, and social networking giant Facebook \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022FB\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/fb\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EFB\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E. Facebook has increased spending this year on mobile businesses such as WhatsApp and the Messenger app, as well as the Oculus virtual reality business, but the company is still expected to report third-quarter profit that beats Wall Street\u0026#8217;s forecasts. Disney will report its fourth-quarter and full-year numbers, with the \u0026#8220;Mouse House\u0026#8221; likely to fall short of analysts\u0026#8217; revenue estimates after the company lowered its cable networks\u0026#8217; profit forecasts due to declining subscribers. And, Berkshire Hathaway is expected to report a non-cash gain of roughly $7 billion in the third quarter, thanks to a boost in the value of the firm\u0026#8217;s stake in Kraft Heinz \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022KHC\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/khc\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EKHC\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, though Berkshire\u0026#8217;s profits per share could be hurt by declining stock prices. Other companies reporting earnings this week include Cigna \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CI\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/ci\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECI\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Molson Coors Brewing \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TAP\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tap\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETAP\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Tesla Motors \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TSLA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tsla\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETSLA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, and Qualcomm \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022QCOM\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/qcom\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EQCOM\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. Turkey\u0026#8217;s election\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ETurkey held a snap election on Sunday after a \u003Ca href=\u0022http:\/\/fortune.com\/2015\/06\/07\/turkey-national-election-results\/\u0022 target=\u0022_blank\u0022\u003Eprevious election in June\u003C\/a\u003E resulted in a hung parliament and a coalition could not be reached. The ruling Justice and Development Party (AKP) \u003Ca href=\u0022http:\/\/www.bbc.com\/news\/world-europe-34694420\u0022\u003Ewon back the majority it lost in June\u003C\/a\u003E. As \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/turkey-election-markets\/\u0022 target=\u0022_blank\u0022\u003E\u003Cem\u003EFortune\u003C\/em\u003E noted on Friday\u003C\/a\u003E, the outcome of the election should be important for global financial markets, as Turkey\u0026#8217;s lira currency has seen quite a bit of volatility recently.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00224\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4587399063001-4\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224587399063001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1WoMFvu\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbestlessonlearned%2Cbillmaris%2Cchase%2Cchrismartin%2Cdollarshaveclub%2Cebay%2Cetsy%2Cfortunevideo%2Cgoogleventures%2Cgrokker%2Cjpmorganchase%2Ckatrinalake%2Ckristinasalen%2Clarsbjork%2Clornaborenstein%2Cmichaeldubin%2Cmichaellee%2Cmyfitnesspal%2Cnewyorkstockexchange%2Cnoahwintroub%2Cnyse%2Cpandora%2Cqlik%2Crjpittman%2Csiliconvalley%2Cstitchfix%2Cstitchfix%2Ctechcetera%2Ctecnology%2Ctomfarley%2Ctristanwalker%2Cwalkerandcompany%2Cyoutube%26ch%3Dtech%26topic%3Dtechcetera\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E5. Bank of England sets interest rates\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe Bank of England is not expected to touch its benchmark interest rate, which would remain steady at the central bank\u0026#8217;s all-time low of 0.5%. The bank\u0026#8217;s leaders will have to take into consideration the recent rebound for the pound, which \u003Ca href=\u0022http:\/\/www.bloomberg.com\/news\/articles\/2015-10-30\/boe-walking-policy-tightrope-as-pound-resurges-amid-rate-bets\u0022 target=\u0022_blank\u0022\u003Erecently saw its biggest monthly gain\u003C\/a\u003E versus the euro since 2010.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u2014Reuters contributed to this report.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"November 1, 2015","published":"2015-11-01 08:47:10","updated":"2015-11-01 08:47:10","minute":"8:47 PM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Week ahead: October jobs, Facebook\u0027s earnings, and Turkey\u0027s election","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-490329518.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by David Paul Morris \u2014 Bloomberg via Getty Images","caption":"Mark Zuckerberg, chief executive officer of Facebook.","attach_id":"1351899"},"excerpt":"\u003Cp\u003EHere\u0026#8217;s what you need to know for the week ahead.\u003C\/p\u003E\n","authors":[{"id":"276852","url":"http:\/\/fortune.com\/author\/tom-huddleston-jr\/","name":"Tom Huddleston, Jr.","twitter":"tjhuddle","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026w=150",150,150,true],"bio":"Tom Huddleston, Jr. is a writer for fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":9548,"name":"Features","slug":"features","term_group":0,"term_taxonomy_id":46733,"taxonomy":"category","description":"News and in-depth looks at topics of interest to the Forune audience, with a focus on storytelling and context of the news you need to know.","parent":0,"count":5237,"filter":"raw"},{"term_id":5142,"name":"International","slug":"international","term_group":0,"term_taxonomy_id":46731,"taxonomy":"category","description":"News with an international focus on the global marketplace and how the world\u0027s connected economies 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Election"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23858,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1399354-0","in-article-ad-1399354-1","in-article-ad-1399354-2"]},{"id":1379299,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/21\/vice-blackout\/","title":"VICE Media sites go dark in support of journalist imprisoned in Turkey","content":"\u003Cp\u003EVICE Media says it is blacking out all of its digital channels around the world for two hours on Wednesday, in an attempt to raise awareness about the ongoing detention of a journalist in Turkey. The front pages of all the company\u0026#8217;s websites will be replaced with a message and a link to a petition asking for his release.\u003C\/p\u003E\n\u003Cp\u003EMohammed Rasool, an Iraqi-born journalist and translator, \u003Ca href=\u0022http:\/\/www.poynter.org\/news\/mediawire\/371083\/with-arrest-of-vice-journalists-turkey-signals-forbidding-posture-toward-foreign-press\/\u0022\u003Ewas arrested along with\u003C\/a\u003E two other Vice News journalists in August and thrown in jail. Rasool\u0026#8217;s British colleagues were released in September, but he remains in a maximum-security prison.\u003C\/p\u003E\n\u003Cp\u003EAnyone visiting any of the company\u0026#8217;s almost 100 digital properties between 10 a.m. and 12 p.m EST will be greeted by a black screen, with a message asking them to sign a Change.org petition calling for Rasool\u0026#8217;s release, and to spread the link via social media. The petition was created by VICE with advice from the Committee to Protect Journalists, and is addressed to Turkish president Recep Erdogan.\u003C\/p\u003E\n\u003Cp\u003ERasool and his colleagues Phil Pendlebury and Jake Hanrahan were arrested while reporting in southeast Turkey and were \u003Ca href=\u0022http:\/\/www.theguardian.com\/media\/2015\/sep\/08\/vice-news-journalist-turkey-arrest-one-of-my-most-traumatic-experiences-ever\u0022\u003Edetained on suspicion\u003C\/a\u003E of assisting the terrorist organization ISIS. The team was covering clashes between the Youth Wing of the PKK\u2014the Kurdistan Worker\u0026#8217;s Party\u2014and Turkish authorities in Cizre and Diyarbakir.\u003C\/p\u003E\n\u003Cp\u003ERasool is a 25-year-old freelance journalist and also a student in international relations at a university in Istanbul, who has worked as a translator and fixer for VICE and other media outlets, including Al Jazeera and Associated Press.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/Gh9cju-8b4k?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;The very existence of democracy relies on a free and thriving fourth estate,\u0026#8221; VICE founder Shane Smith said in a prepared statement about the blackout campaign. \u0026#8220;Please help us focus attention on Rasool\u0026#8217;s case, by sharing the hashtag on social media of #FreeRasool, and keeping pressure on the Turkish authorities to free him immediately.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EIt\u0026#8217;s not clear how many visitors will see the VICE message, but Wednesday is one of the highest traffic days for many online sites, and doing it at 10 am EST means that viewers in almost every country will be affected. The blackout includes VICE\u0026#8217;s Snapchat channel and all of its social-media properties as well as its traditional websites.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;The ongoing imprisonment of Mohammed Ismael Rasool is a tremendous injustice, one that highlights the arbitrary, capricious and punitive nature of the Turkish criminal justice system,\u0026#8221; said Joel Simon, executive director of the Committee to Protect Journalists.\u003C\/p\u003E\n\u003Cp\u003EUnfortunately, Rasool\u0026#8217;s case is far from unique in Turkey. The country \u003Ca href=\u0022https:\/\/cpj.org\/2013\/12\/turkey-worst-jailer-of-journalists-for-second-year.php\u0022\u003Eis infamous\u003C\/a\u003E not just for imprisoning journalists but for its totalitarian approach to media in general, including the suppression of social media through censorship of Twitter \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TWTR\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/twtr\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETWTR\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Facebook \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022FB\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/fb\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EFB\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and YouTube. Twitter has fought a number of times to strike down censorship orders from the Turkish authorities, or demands to release user information.\u003C\/p\u003E\n\u003Cp\u003EAccording to Turkish dissidents, social media and external sources such as VICE are even \u003Ca href=\u0022https:\/\/gigaom.com\/2013\/06\/27\/texas-and-turkey-show-why-twitter-is-often-the-only-media-outlet-that-matters\/\u0022\u003Emore important\u003C\/a\u003E than they would be elsewhere because local media outlets are unwilling to report on corruption or the behavior of Turkish police and armed forces. In part, that\u0026#8217;s because media ownership is concentrated among friends of the government, but it\u0026#8217;s also because those who report on military action \u003Ca href=\u0022https:\/\/gigaom.com\/2015\/01\/16\/twitter-fights-turkish-order-to-block-newspapers-twitter-account\/\u0022\u003Eare often censored\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EAlex Miller, the global head of content at VICE Media, said in a statement that its readers \u0026#8220;care deeply about freedom of speech and human rights\u0026#8221; and that\u0026#8217;s why the company decided to launch the campaign for Rasool\u0026#8217;s release.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EYou can follow Mathew Ingram on Twitter at \u003Ca href=\u0022http:\/\/twitter.com\/mathewi\u0022\u003E@mathewi\u003C\/a\u003E, and read all of his posts \u003Ca href=\u0022http:\/\/fortune.com\/author\/mathew-ingram\/\u0022\u003Ehere\u003C\/a\u003E or via \u003Ca href=\u0022http:\/\/fortune.com\/author\/mathew-ingram\/feed\/\u0022\u003Ehis RSS feed\u003C\/a\u003E. And please \u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022\u003Esubscribe to Data Sheet\u003C\/a\u003E, Fortune\u2019s daily newsletter on the business of technology.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"October 21, 2015","published":"2015-10-21 10:00:09","updated":"2015-10-21 10:00:09","minute":"10:00 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/21\/vice-blackout\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/21\/vice-blackout\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/21\/vice-blackout\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"VICE goes dark to protest journalist\u0027s imprisonment","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/unnamed2.png?w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"VICE Media","caption":"","attach_id":"1379305"},"excerpt":"\u003Cp\u003EVICE is blacking out its websites as part of a campaign to free a journalist unjustly held in a Turkish prison.\u003C\/p\u003E\n","authors":[{"id":"1067007","url":"http:\/\/fortune.com\/author\/mathew-ingram\/","name":"Mathew Ingram","twitter":"mathewi","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/06\/mathew_ingram-555.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Mathew Ingram\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/06\/mathew_ingram-555.jpg?quality=80\u0026w=150",150,150,true],"bio":"Mathew Ingram is a senior writer at \u003Cem\u003EFortune\u003C\/em\u003E with a focus on media and technology. He is based in Toronto.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22100,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data 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Those controversial comments, which have resurrected a debate on social media, come as ratings for \u003Cem\u003EThe View\u003C\/em\u003E have fallen precipitously this year, and the all-important Nielsen sweeps period is starting.\u003C\/p\u003E\n\u003Cp\u003EThe trash talking began on Oct. 29, when \u003Cem\u003EThe View\u003C\/em\u003E\u2019s Michelle Collins said Fiorina \u0026#8220;looked demented\u0026#8221; when she flashed a grin during the debates after saying she had been told her biggest flaw was she didn\u0026#8217;t smile enough. Comedian\/co-host Joy Behar quickly jumped on the bandwagon and added, \u201cI wish it was a Halloween mask.\u201d Paula Faris, ABC News correspondent, co-anchor of \u003Cem\u003EGood Morning America Weekend\u003C\/em\u003E and \u003Cem\u003EThe View\u003C\/em\u003E co-host tried to temper things by saying \u201cI think \u2018demented\u2019 is a strong word,\u201d but was quickly shouted down.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E\u0026#8220;Man up\u0026#8221;\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EFiorina announced her forthcoming appearance on Fox News November 2 with a message: \u0026#8220;My message to the ladies of \u003Cem\u003EThe View\u003C\/em\u003E is \u2018Man up\u2019. If you want to debate me on policies \u2026 man up and debate me on them. But don\u2019t sink to talking about my face.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EThe View\u003C\/em\u003E is not having the best season of its 18 years on the air. The show had \u003Ca href=\u0022http:\/\/fortune.com\/2015\/08\/26\/the-revolving-door-at-abcs-the-view-continues\/\u0022\u003Elots of behind the scenes drama\u003C\/a\u003E with the departure of Rosie O\u0026#8217;Donnell earlier this year. And its season premiere ratings \u003Ca href=\u0022http:\/\/deadline.com\/2015\/09\/the-view-season-19-premiere-ratings-joy-behar-1201519419\/\u0022\u003Ewere down 22%\u003C\/a\u003E in households and 47% among women aged 25-54 this year.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00228\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4504625364001-8\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224504625364001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1M7fXtH\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/mpw_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dcarlyfiorina%2Ccarlyfiorinahp%2Ccarlyfiorinapresidentialcampaign%2Ccarlyfiorinaspeech%2Ccarlyfiorinaspeech2002%2Cfutureofwork%26ch%3Dmpw%26topic%3Dfutureofwork\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003EThe interview with Fiorina will occur during Nielsen\u0026#8217;s sweeps period for the 2015-2016 season, which runs from Oct. 29 through Nov. 25. So a bit of controversy \u0026#8211; and the media attention that goes with it \u0026#8211; could steer people back to the show. The co-hosts certainly aren\u0026#8217;t the first to try to make hay off of personal insults against Fiorina. Donald Trump \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/10\/trump-on-fiorina-look-at-that-face-would-anyone-vote-for-that\/\u0022\u003Emocked the candidate\u003C\/a\u003E two months ago, telling Rolling Stone \u0026#8220;Look at that face. Would anyone vote for that?\u0026#8221; \u0026#8211; though his motivations were political and certainly different than those of the show\u0026#8217;s hosts.\u003C\/p\u003E\n\u003Cp\u003EIronically, the hosts of \u003Cem\u003EThe View\u003C\/em\u003E \u003Ca href=\u0022http:\/\/www.ew.com\/article\/2015\/09\/10\/view-donald-trump-kanye-west-carly-fiorina\u0022\u003Etook Trump to task\u003C\/a\u003E when he called into the show soon after those comments emerged.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Why don\u0026#8217;t you talk about her brain instead of her face?\u0026#8221; \u003Ca href=\u0022https:\/\/www.youtube.com\/watch?v=2o5wPLTo0Po\u0022\u003EBehar challenged him\u003C\/a\u003E, to a round of applause from the audience.\u003C\/p\u003E\n\u003Cp\u003ESocial media users seemed to be on Fiorina\u0026#8217;s side in the matter, with several talking the show to task.\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003EI hope \u003Ca href=\u0022https:\/\/twitter.com\/CarlyFiorina\u0022\u003E@CarlyFiorina\u003C\/a\u003E levels the women on \u003Ca href=\u0022https:\/\/twitter.com\/TheView\u0022\u003E@TheView\u003C\/a\u003E on Friday and finally puts an end to this daytime jackassery.\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; IrritatedWoman\u2122 (@irritatedwoman) \u003Ca href=\u0022https:\/\/twitter.com\/irritatedwoman\/status\/661182482792980480\u0022\u003ENovember 2, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003EThe women of \u0026quot;The View\u0026quot; think Carly Fiorina looks \u0026quot;demented.\u0026quot; Apparently, mirrors have been banned at ABC. \u003Ca href=\u0022https:\/\/t.co\/4tj9Dv7yyF\u0022\u003Ehttps:\/\/t.co\/4tj9Dv7yyF\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; Ben Shapiro (@benshapiro) \u003Ca href=\u0022https:\/\/twitter.com\/benshapiro\/status\/659851600089878528\u0022\u003EOctober 29, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003ERemind me again, who\u0026#39;s waging a war on women?  \u003Ca href=\u0022https:\/\/t.co\/abNyiHcXPD\u0022\u003Ehttps:\/\/t.co\/abNyiHcXPD\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; Sara Miller (@Millerita) \u003Ca href=\u0022https:\/\/twitter.com\/Millerita\/status\/659769141839208448\u0022\u003EOctober 29, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003E\u003Ca href=\u0022https:\/\/twitter.com\/TheView\u0022\u003E@TheView\u003C\/a\u003E \u003Ca href=\u0022https:\/\/twitter.com\/CarlyFiorina\u0022\u003E@CarlyFiorina\u003C\/a\u003E \u003Ca href=\u0022https:\/\/twitter.com\/BrookeBCNN\u0022\u003E@BrookeBCNN\u003C\/a\u003E \u003Ca href=\u0022https:\/\/twitter.com\/WhoopiGoldberg\u0022\u003E@WhoopiGoldberg\u003C\/a\u003E Don\u0026#39;t insult other women\u0026#39;s appearance. It reinforces it\u0026#39;s OK for men to do it. Apologize.\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; Annette Gonzales (@atruechula) \u003Ca href=\u0022https:\/\/twitter.com\/atruechula\/status\/661243024362438656\u0022\u003ENovember 2, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cp\u003E\u003Cem\u003EThe View\u003C\/em\u003E\u0026#8216;s hosts, for now at least, seem content to stoke the fires (which, cynics might note, could help juice ratings).\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;I do want to point out, Carly, last time you were here, we welcomed you to our table,\u0026#8221; said co-host Whoopi Goldberg. \u0026#8220;We helped raise your profile, so you would be included in the sea of men. \u0026#8230; We were respectful and gave you your due. So, just so we\u2019re all clear, you have to know the difference between when somebody is coming for you, and when somebody is paying you a compliment, and when somebody is saying, \u2018Here\u2019s my observation.\u2019 If you can get that together maybe you can be president.\u201d\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 03:45:57","updated":"2015-11-02 03:45:57","minute":"3:45 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/carly-fiorina-the-view-demented\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/carly-fiorina-the-view-demented\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/carly-fiorina-the-view-demented\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"ABC The View\u0027s Feud with Carly Fiorina Is Getting Nastier","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/09\/gettyimages-488696800.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Frederic J Brown \u2014 AFP\/Getty Images","caption":"Republican presidential hopeful Carly Fiorina. ","attach_id":"1313536"},"excerpt":"\u003Cp\u003EJust in time for sweeps week. \u003C\/p\u003E\n","authors":[{"id":"930817","url":"http:\/\/fortune.com\/author\/chris-morris\/","name":"Chris Morris","twitter":"","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002239\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/01\/chris-morris-headshot.jpeg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022Chris Morris headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/01\/chris-morris-headshot.jpeg?quality=80\u0026w=150",150,100,true],"bio":"For over 25 years, Chris Morris has covered the quirky side of business, touching on everything from gadgets to video games to beer to porn. He loves a good IPA or Saison, but is always hunting for something new.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":384,"name":"Entertainment","slug":"entertainment","term_group":0,"term_taxonomy_id":130744,"taxonomy":"category","description":"News about the business of entertainment, including the music, film and TV industries, as well as the celebrities and people who work in them. ","parent":0,"count":802,"filter":"raw"}],"section":{"name":"Entertainment","slug":"entertainment","url":"http:\/\/fortune.com\/entertainment\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":588324,"name":"Carly Fiorina","slug":"carly-fiorina","term_group":0,"term_taxonomy_id":49321,"taxonomy":"post_tag","description":"","parent":0,"count":105,"filter":"raw"},{"term_id":415046848,"name":"Carly Fiorina\u0027s face","slug":"carly-fiorinas-face","term_group":0,"term_taxonomy_id":154052,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":189091,"name":"Donald Trump","slug":"donald-trump","term_group":0,"term_taxonomy_id":112200,"taxonomy":"post_tag","description":"","parent":0,"count":305,"filter":"raw"},{"term_id":195448,"name":"Joy Behar","slug":"joy-behar","term_group":0,"term_taxonomy_id":154050,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":6064917,"name":"Michelle Collins","slug":"michelle-collins","term_group":0,"term_taxonomy_id":154049,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":207855,"name":"the view","slug":"the-view","term_group":0,"term_taxonomy_id":146620,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":568386,"name":"Whoopi Goldberg","slug":"whoopi-goldberg","term_group":0,"term_taxonomy_id":154051,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Carly Fiorina","slug":"carly-fiorina","url":"http:\/\/fortune.com\/tag\/carly-fiorina\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Just in time for sweeps week.","seo":{"seo_title":"The View\u0027s Feud with Carly Fiorina is Getting Nasty","seo_description":"\u0027Man up,\u0027 Carly dares The View after cohost calls her face \u0027demented.\u0027","seo_keywords":"Carly Fiorina, the view, Michelle Collins, Joy Behar, donald trump, Whoopi Goldberg, Carly Fiorina\u0027s face, demented, man up, GOP, republican candidate,","seo_news_keywords":"Carly Fiorina feud The View, man up, the view, Michelle Collins, Joy Behar, donald trump, Whoopi Goldberg, Carly Fiorina\u0027s face","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/carly-fiorina-the-view-demented\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fcarly-fiorina-the-view-demented%2F","shortlink":"http:\/\/for.tn\/1M7fXtH","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1M7fXtH","encoded_title":"The+View%E2%80%99s+Feud+with+Carly+Fiorina+is+Getting+Nastier","twitter_text":"The View\u0027s feud with Carly Fiorina is getting nastier","twitter_via":"FORTUNE","facebook_desc":"\u0022Man up,\u0022 Carly tells \u0027The View.\u0027","facebook_title":"The View\u0027s feud with Carly Fiorina is getting nasty."},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23916,"filter":"raw"},"related_posts":[{"id":1402836,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/carly-fiorina-wrong-92-percent\/","title":"Carly Fiorina admits she was wrong on 92% stat","content":"\u003Cp\u003EFor Carly Fiorina, it seems, the facts don\u0026#8217;t matter as much as the message.\u003C\/p\u003E\n\u003Cp\u003EDuring the third Republican primary debate last week, Carly Fiorina said that \u201c92 percent of the jobs lost during Barack Obama\u2019s first term belonged to women.\u0026#8221; That figure was \u003Ca href=\u0022http:\/\/www.politifact.com\/truth-o-meter\/statements\/2012\/apr\/10\/mitt-romney\/romney-campaign-says-women-were-hit-hard-job-losse\/\u0022\u003Ealready debunked\u003C\/a\u003E three years ago, when Republican presidential candidate Mitt Romney used it as a talking point.\u003C\/p\u003E\n\u003Cp\u003EIn her Sunday appearance on \u0026#8220;This Week with George Stephanopoulos,\u0026#8221; Fiorina admitted that the statistic was incorrect, according to \u003Cem\u003E\u003Ca href=\u0022http:\/\/abcnews.go.com\/Politics\/carly-fiorina-wrong-92-claim\/story?id=34889134\u0022\u003EABC News\u003C\/a\u003E\u003C\/em\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;I misspoke on that particular fact,\u0026#8221; Fiorina said, backtracking on the claim. \u201cThe fact-checkers are correct,\u0026#8221; she said. \u201cThe 92 percent\u2014it turns out\u2014was the first three and a half years of Barack Obama\u2019s term and in the final six months of his term things improved.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThe broader message is what matters, said Fiorina. \u201cBut this is what the liberal media always does, it attacks the messenger trying to avoid the message,\u201d she said. \u201cHere is the message: It is factually true that women have been hit very hard by progressive policies.\u201d\u003C\/p\u003E\n\u003Cp\u003EWhile it is true that most of the population was \u0026#8220;hit hard\u0026#8221; during the recession, it must be noted that in September, just over 70 million women held jobs\u2014a net gain of 2.8 million jobs from the start of the recession, according to \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/31\/women-jobs-recession-recovery\/\u0022\u003E\u003Cem\u003EFortune\u003C\/em\u003E\u0026#8216;s analysis\u003C\/a\u003E of Bureau of Labor Statistics data. 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","attach_id":"1402979"},"excerpt":"\u003Cp\u003EFiorina may have flubbed the facts, but that\u0026#8217;s not stopping her from blaming the \u0026#8216;liberal media.\u0026#8217;\u003C\/p\u003E\n","authors":[{"id":"1208779","url":"http:\/\/fortune.com\/author\/valentina-zarya\/","name":"Valentina Zarya","twitter":"valzarya","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/zarya-whitebg.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022valentina zarya white bg (low res)\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/zarya-whitebg.jpg?quality=80\u0026w=150",150,150,true],"bio":"Valentina Zarya is an associate editor for the Most Powerful Women channel on fortune.com.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10270,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":588324,"name":"Carly Fiorina","slug":"carly-fiorina","term_group":0,"term_taxonomy_id":49321,"taxonomy":"post_tag","description":"","parent":0,"count":103,"filter":"raw"},{"term_id":382167826,"name":"Republican Debate 2016","slug":"republican-debate-2016","term_group":0,"term_taxonomy_id":153371,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Carly Fiorina","slug":"carly-fiorina","url":"http:\/\/fortune.com\/tag\/carly-fiorina\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Fiorina may have flubbed the facts, but that\u0026#8217;s not stopping her from blaming the \u0026#8216;liberal media.\u0026#8217;","seo":{"seo_title":"Carly Fiorina admits she was wrong on 92% stat, attacks liberal media","seo_description":"Carly Fiorina admitted she was wrong during the ABC talk show \u0022This Week with George Stephanopoulos.\u0022","seo_keywords":"carly fiorina, this week george stephanopoulos, 92 percent, womens job loss, gop debate, republican debate, cnbc debate, 2016 presidential election","seo_news_keywords":"carly fiorina, this week george stephanopoulos, 92 percent, womens job loss, gop debate, republican debate, cnbc debate, 2016 presidential election","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/carly-fiorina-wrong-92-percent\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fcarly-fiorina-wrong-92-percent%2F","shortlink":"http:\/\/for.tn\/1LM28Tq","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1LM28Tq","encoded_title":"Carly+Fiorina+admits+she+was+wrong+on+92%25+stat","twitter_text":"Carly Fiorina admits she was wrong on 92% stat","twitter_via":"FORTUNE","facebook_desc":"Carly Fiorina admitted she was wrong during the ABC talk show \u0022This Week with George Stephanopoulos.\u0022","facebook_title":"Carly Fiorina admits she was wrong on 92% stat, attacks liberal media"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23909,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1402836-0","in-article-ad-1402836-1","in-article-ad-1402836-2"]},{"id":1396715,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/31\/women-jobs-recession-recovery\/","title":"Have women recovered from the recession? An answer in 5 charts.","content":"\u003Cp\u003EWednesday\u0026#8217;s Republican debate was chock full of statistics\u2014as one would expect \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/republican-debate-who-won-2\/\u0022 target=\u0022_blank\u0022\u003Efrom a contest focused on the economy\u003C\/a\u003E. But one of the most shocking came from former Hewlett Packard CEO Carly Fiorina, who said that \u0026#8220;92% of the jobs lost during Barack Obama\u0026#8217;s first term belonged to women.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThat figure was \u003Ca href=\u0022http:\/\/www.politifact.com\/truth-o-meter\/statements\/2012\/apr\/10\/mitt-romney\/romney-campaign-says-women-were-hit-hard-job-losse\/\u0022 target=\u0022_blank\u0022\u003Edebunked more than three years ago\u003C\/a\u003E when presidential candidate Mitt Romney used it as a talking point. It\u0026#8217;s a stat that cherry-picks data and disregards that the recession played out differently for men and women. As is typical in downturns, male workers lost their jobs first and more quickly in the Great Recession because male employment is concentrated in vulnerable industries like manufacturing and construction. Women lost their jobs later, even after the official recession\u2014December 2007 through June 2009\u2014was over.\u003C\/p\u003E\n\u003Cp\u003ENevertheless, Fiorina\u0026#8217;s comments suggest that it\u0026#8217;s worth examining just how well women have fared in the nation\u0026#8217;s ongoing economic recovery.\u003C\/p\u003E\n\u003Cp\u003ESo, how exactly are they doing? You\u0026#8217;ll find different answers depending on what data you use.\u003C\/p\u003E\n\u003Cp\u003EA top-line view of female employment tells a positive story. In September, just over 70 million women held jobs, a net gain of 2.8 million positions from the start of the recession.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/women-employees.png\u0022\u003E\u003Cimg class=\u0022aligncenter size-full wp-image-1398558\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/women-employees.png?w=545\u0026#038;h=400\u0022 alt=\u0022women-employees\u0022 width=\u0022545\u0022 height=\u0022400\u0022 \/\u003E\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EWomen have more than made up for the jobs they lost during the recession. And when you consider the net jobs created between the start of the recession\u2014December 2007\u2014and today, women account for 69% of those new workers.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/jobs-gained-since-start-recession.png\u0022\u003E\u003Cimg class=\u0022aligncenter size-full wp-image-1396960\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/jobs-gained-since-start-recession.png?w=546\u0026#038;h=400\u0022 alt=\u0022jobs-gained-since-start-recession\u0022 width=\u0022546\u0022 height=\u0022400\u0022 \/\u003E\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EBut total jobs added don\u0026#8217;t paint the full picture of women\u0026#8217;s employment.\u003C\/p\u003E\n\u003Cp\u003EWhile the increase in the number of women employed has pushed down the female unemployment rate\u2014quite precipitously, in fact, from from a high of 9.4% in the wake of the recession to 5% in September 2015\u2014joblessness among women overall is higher than what it was in the months leading up to the downturn.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/unemployment-women.png\u0022\u003E\u003Cimg class=\u0022aligncenter size-full wp-image-1398889\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/unemployment-women.png?w=545\u0026#038;h=400\u0022 alt=\u0022unemployment-women\u0022 width=\u0022545\u0022 height=\u0022400\u0022 \/\u003E\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EPart of the decreasing unemployment rate for women is also driven by the declining workforce participation rate among women. Workforce participation measures how many Americans are working or actively looking for employment. It drops when workers retire, go back to school, or give up on the job hunt.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/labor-participation-women1.png\u0022\u003E\u003Cimg class=\u0022aligncenter size-full wp-image-1399475\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/labor-participation-women1.png?w=545\u0026#038;h=400\u0022 alt=\u0022labor-participation-women\u0022 width=\u0022545\u0022 height=\u0022400\u0022 \/\u003E\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EThen there\u0026#8217;s the employment-to-population ratio, which compares the number of employed women in their prime working years, ages 25-54, to all women in that age group, regardless of whether they have jobs or are seeking one. For women, that ratio hasn\u0026#8217;t recovered to where it stood at the beginning of the recession. (That\u0026#8217;s also true for men.)\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/employment-to-pop-women.png\u0022\u003E\u003Cimg class=\u0022aligncenter size-full wp-image-1399356\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/employment-to-pop-women.png?w=545\u0026#038;h=222\u0022 alt=\u0022employment-to-pop-women\u0022 width=\u0022545\u0022 height=\u0022222\u0022 \/\u003E\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003EElise Gould, a senior economist for the Economic Policy Institute, told \u003Cem\u003EFortune\u003C\/em\u003E that this means that for all the positive employment news for women, \u0026#8220;job gains have simply not kept up with prime-age population growth.\u0026#8221;\u003C\/p\u003E\n","time":{"pretty":"October 31, 2015","published":"2015-10-31 04:17:42","updated":"2015-10-31 04:17:42","minute":"4:17 PM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/10\/31\/women-jobs-recession-recovery\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/31\/women-jobs-recession-recovery\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/31\/women-jobs-recession-recovery\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-85974323.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Chris Hondros\u2014Getty Images","caption":"NEW YORK - APRIL 14:  Job seekers line up on a sidewalk for a job fair in midtown Manhattan April 14, 2009 in New York City. ","attach_id":"1399092"},"excerpt":"\u003Cp\u003EIt\u0026#8217;s complicated.\u003C\/p\u003E\n","authors":[{"id":"381338","url":"http:\/\/fortune.com\/author\/claire-zillman\/","name":"Claire Zillman","twitter":"clairezillman","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/claire-zillman-7591.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/claire-zillman-7591.jpg?quality=80\u0026w=150",150,150,true],"bio":"Claire Zillman is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":20466,"name":"Careers","slug":"careers","term_group":0,"term_taxonomy_id":46729,"taxonomy":"category","description":"News you can utilize to develop and advance your career and how to position yourself to get that great new job. ","parent":0,"count":2588,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10262,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":588324,"name":"Carly Fiorina","slug":"carly-fiorina","term_group":0,"term_taxonomy_id":49321,"taxonomy":"post_tag","description":"","parent":0,"count":103,"filter":"raw"},{"term_id":8590,"name":"Economy","slug":"economy","term_group":0,"term_taxonomy_id":47033,"taxonomy":"post_tag","description":"","parent":0,"count":418,"filter":"raw"},{"term_id":7915,"name":"Employment","slug":"employment","term_group":0,"term_taxonomy_id":51081,"taxonomy":"post_tag","description":"","parent":0,"count":168,"filter":"raw"},{"term_id":66686,"name":"human capital","slug":"human-capital","term_group":0,"term_taxonomy_id":120074,"taxonomy":"post_tag","description":"","parent":0,"count":11,"filter":"raw"},{"term_id":199344,"name":"Recession","slug":"recession","term_group":0,"term_taxonomy_id":56967,"taxonomy":"post_tag","description":"","parent":0,"count":50,"filter":"raw"},{"term_id":1059725,"name":"republican debate","slug":"republican-debate","term_group":0,"term_taxonomy_id":139477,"taxonomy":"post_tag","description":"","parent":0,"count":43,"filter":"raw"},{"term_id":9986,"name":"unemployment","slug":"unemployment","term_group":0,"term_taxonomy_id":47036,"taxonomy":"post_tag","description":"","parent":0,"count":110,"filter":"raw"},{"term_id":598,"name":"women","slug":"women","term_group":0,"term_taxonomy_id":47098,"taxonomy":"post_tag","description":"","parent":0,"count":90,"filter":"raw"},{"term_id":211104,"name":"working women","slug":"working-women","term_group":0,"term_taxonomy_id":153888,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"human capital","slug":"human-capital","url":"http:\/\/fortune.com\/tag\/human-capital\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It\u0026#8217;s complicated.","seo":{"seo_title":"Have women recovered from the recession? An answer in 5 charts.","seo_description":"Women have more than made up for the jobs they lost during the recession. But job growth has not kept up with working age population growth.","seo_keywords":"employment, women, working women, unemployment, carly fiorina, republican debate, recession, economy","seo_news_keywords":"employment, women, working women, unemployment, carly fiorina, republican debate, recession, economy","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/31\/women-jobs-recession-recovery\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F31%2Fwomen-jobs-recession-recovery%2F","shortlink":"http:\/\/for.tn\/1LEynnv","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1LEynnv","encoded_title":"Have+women+recovered+from+the+recession%3F+An+answer+in+5+charts.","twitter_text":"Have women recovered from the recession? An answer in 5 charts.","twitter_via":"FORTUNE","facebook_desc":"Women have more than made up for the jobs they lost during the recession. But job growth has not kept up with working age population growth.","facebook_title":"Have women recovered from the recession? An answer in 5 charts."},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23873,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396715-0","in-article-ad-1396715-1","in-article-ad-1396715-2"]},{"id":1398477,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/carly-fiorina-paid-speaking\/","title":"Yes, Carly Fiorina has had paid speaking gigs since running for president","content":"\u003Cp\u003EAfter \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/carly-fiorina-paid-speaking-gigs\/\u0022\u003Evehemently denying\u003C\/a\u003E that Carly Fiorina was available for paid speeches during her run, the Republican presidential candidate\u0026#8217;s candidate campaign \u003Ca href=\u0022http:\/\/abcnews.go.com\/Politics\/carly-fiorina-campaign-money-paid-speeches-directly-charity\/story?id=34774688\u0022\u003Eadmitted to \u003Cem\u003EABC News\u003C\/em\u003E \u003C\/a\u003Ethat Fiorina has given two paid speeches since announcing her presidential bid.\u003C\/p\u003E\n\u003Cp\u003EHowever, the campaign insists that Fiorina had committed to the speeches long before announcing her run and that the money went directly to charity.\u003C\/p\u003E\n\u003Cp\u003E\u201cThe money never comes through us, it goes straight to charity,\u201d Fiorina\u2019s press secretary told \u003Cem\u003EABC\u003C\/em\u003E. \u201cThese were all booked at least a year out and Carly likes to keep her commitments when she can.\u201d\u003C\/p\u003E\n\u003Cp\u003EThe speeches, which paid $48,000 each, according to Fiorina\u0026#8217;s personal financial disclosure to the Federal Election Commission, were given to the Young Presidents\u2019 Organization in Kissimmee, Florida\u2014which also \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/ypo-conference-naked-women\/\u0022\u003Efeatured naked women\u003C\/a\u003E for attendees to paint on for their entertainment\u2014and at AT\u0026amp;T in Dallas, Texas.\u003C\/p\u003E\n\u003Cp\u003EQuestions about the former Hewlett-Packard CEO\u0026#8217;s speaking engagements first arose on Tuesday after the \u003Cem\u003E\u003Ca href=\u0022http:\/\/blogs.wsj.com\/washwire\/2015\/10\/27\/carly-fiorina-presidential-candidate-available-for-paid-speeches\/\u0022 target=\u0022_blank\u0022\u003EWall Street Journal\u003C\/a\u003E\u003C\/em\u003E published a copy of an email sent by Leading Authorities, a public speaking firm that represents Fiorina.\u003C\/p\u003E\n\u003Cp\u003E\u201cWe don\u0026#8217;t advertise Carly Fiorina on the Leading Authorities website, but if you have an interest in booking her for an upcoming meeting or event, please let me know and I\u0026#8217;d be happy to share her availability and fees,\u0026#8221; reads the email.\u003C\/p\u003E\n\u003Cp\u003EAccording to the FEC disclosure, Fiorina made a total of $786,000 in speaking fees from January 2014 until June 2015, when she announced her candidacy.\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 12:52:28","updated":"2015-10-30 12:52:28","minute":"12:52 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/carly-fiorina-paid-speaking\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/carly-fiorina-paid-speaking\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/carly-fiorina-paid-speaking\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Yes, Carly Fiorina has had paid speaking gigs since running for president","post_type":"post","featured_type":"image","featured_image":{"src":"http:\/\/i2.wp.com\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-494746028.jpg?crop=0px%2C22px%2C840px%2C485px\u0026resize=840%2C485\u0026quality=80\u0026strip","class":"featured-img-article_full","credit":"Photograph by Robyn Beck \u2014 AFP\/Getty Images","caption":"Republican presidential hopeful Carly Fiorina speaks during in the CNBC Republican Presidential Debate Wednesday night.","attach_id":"1397239"},"excerpt":"\u003Cp\u003ECampaign comes clean.\u003C\/p\u003E\n","authors":[{"id":"1208779","url":"http:\/\/fortune.com\/author\/valentina-zarya\/","name":"Valentina Zarya","twitter":"valzarya","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/zarya-whitebg.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022valentina zarya white bg (low res)\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/zarya-whitebg.jpg?quality=80\u0026w=150",150,150,true],"bio":"Valentina Zarya is an associate editor for the Most Powerful Women channel on fortune.com.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10274,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2116,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":588324,"name":"Carly Fiorina","slug":"carly-fiorina","term_group":0,"term_taxonomy_id":49321,"taxonomy":"post_tag","description":"","parent":0,"count":104,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2971,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Carly Fiorina","slug":"carly-fiorina","url":"http:\/\/fortune.com\/tag\/carly-fiorina\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Campaign comes clean.","seo":{"seo_title":"Carly Fiorina Had Paid Speaking Gigs Since Running for President","seo_description":"The speeches, which cost $48,000 each, were given to the Young Presidents\u2019 Organization in Kissimmee, Florida and at AT\u0026amp;T in Dallas, Texas.","seo_keywords":"carly fiorina, paid speaking gigs, republican, gop, 2016 presidential election, young presidents organization, ypo","seo_news_keywords":"carly fiorina, paid speaking gigs, republican, gop, 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President"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23917,"filter":"raw"},"related_posts":[]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1402836,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/carly-fiorina-wrong-92-percent\/","title":"Carly Fiorina admits she was wrong on 92% stat","content":"\u003Cp\u003EFor Carly Fiorina, it seems, the facts don\u0026#8217;t matter as much as the message.\u003C\/p\u003E\n\u003Cp\u003EDuring the third Republican primary debate last week, Carly Fiorina said that \u201c92 percent of the jobs lost during Barack Obama\u2019s first term belonged to women.\u0026#8221; That figure was \u003Ca href=\u0022http:\/\/www.politifact.com\/truth-o-meter\/statements\/2012\/apr\/10\/mitt-romney\/romney-campaign-says-women-were-hit-hard-job-losse\/\u0022\u003Ealready debunked\u003C\/a\u003E three years ago, when Republican presidential candidate Mitt Romney used it as a talking point.\u003C\/p\u003E\n\u003Cp\u003EIn her Sunday appearance on \u0026#8220;This Week with George Stephanopoulos,\u0026#8221; Fiorina admitted that the statistic was incorrect, according to \u003Cem\u003E\u003Ca href=\u0022http:\/\/abcnews.go.com\/Politics\/carly-fiorina-wrong-92-claim\/story?id=34889134\u0022\u003EABC News\u003C\/a\u003E\u003C\/em\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;I misspoke on that particular fact,\u0026#8221; Fiorina said, backtracking on the claim. \u201cThe fact-checkers are correct,\u0026#8221; she said. \u201cThe 92 percent\u2014it turns out\u2014was the first three and a half years of Barack Obama\u2019s term and in the final six months of his term things improved.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThe broader message is what matters, said Fiorina. \u201cBut this is what the liberal media always does, it attacks the messenger trying to avoid the message,\u201d she said. \u201cHere is the message: It is factually true that women have been hit very hard by progressive policies.\u201d\u003C\/p\u003E\n\u003Cp\u003EWhile it is true that most of the population was \u0026#8220;hit hard\u0026#8221; during the recession, it must be noted that in September, just over 70 million women held jobs\u2014a net gain of 2.8 million jobs from the start of the recession, according to \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/31\/women-jobs-recession-recovery\/\u0022\u003E\u003Cem\u003EFortune\u003C\/em\u003E\u0026#8216;s analysis\u003C\/a\u003E of Bureau of Labor Statistics data. 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","attach_id":"1402979"},"excerpt":"\u003Cp\u003EFiorina may have flubbed the facts, but that\u0026#8217;s not stopping her from blaming the \u0026#8216;liberal media.\u0026#8217;\u003C\/p\u003E\n","authors":[{"id":"1208779","url":"http:\/\/fortune.com\/author\/valentina-zarya\/","name":"Valentina Zarya","twitter":"valzarya","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/zarya-whitebg.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022valentina zarya white bg (low res)\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/zarya-whitebg.jpg?quality=80\u0026w=150",150,150,true],"bio":"Valentina Zarya is an associate editor for the Most Powerful Women channel on fortune.com.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10271,"object_id":1402836,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2115,"object_id":1402836,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":588324,"name":"Carly Fiorina","slug":"carly-fiorina","term_group":0,"term_taxonomy_id":49321,"taxonomy":"post_tag","description":"","parent":0,"count":104,"object_id":1402836,"filter":"raw"},{"term_id":382167826,"name":"Republican Debate 2016","slug":"republican-debate-2016","term_group":0,"term_taxonomy_id":153371,"taxonomy":"post_tag","description":"","parent":0,"count":2,"object_id":1402836,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Carly Fiorina","slug":"carly-fiorina","url":"http:\/\/fortune.com\/tag\/carly-fiorina\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Fiorina may have flubbed the facts, but that\u0026#8217;s not stopping her from blaming the \u0026#8216;liberal media.\u0026#8217;","seo":{"seo_title":"Carly Fiorina admits she was wrong on 92% stat, attacks liberal media","seo_description":"Carly Fiorina admitted she was wrong during the ABC talk show \u0022This Week with George Stephanopoulos.\u0022","seo_keywords":"carly fiorina, this week george stephanopoulos, 92 percent, womens job loss, gop debate, republican debate, cnbc debate, 2016 presidential election","seo_news_keywords":"carly fiorina, this week george stephanopoulos, 92 percent, womens job loss, gop debate, republican debate, cnbc debate, 2016 presidential election","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/carly-fiorina-wrong-92-percent\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fcarly-fiorina-wrong-92-percent%2F","shortlink":"http:\/\/for.tn\/1LM28Tq","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1LM28Tq","encoded_title":"Carly+Fiorina+admits+she+was+wrong+on+92%25+stat","twitter_text":"Carly Fiorina admits she was wrong on 92% stat","twitter_via":"FORTUNE","facebook_desc":"Carly Fiorina admitted she was wrong during the ABC talk show \u0022This Week with George Stephanopoulos.\u0022","facebook_title":"Carly Fiorina admits she was wrong on 92% stat, attacks liberal media"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23884,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1402836-0","in-article-ad-1402836-1","in-article-ad-1402836-2"]},{"id":1396715,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/31\/women-jobs-recession-recovery\/","title":"Have women recovered from the recession? An answer in 5 charts.","content":"\u003Cp\u003EWednesday\u0026#8217;s Republican debate was chock full of statistics\u2014as one would expect \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/republican-debate-who-won-2\/\u0022 target=\u0022_blank\u0022\u003Efrom a contest focused on the economy\u003C\/a\u003E. But one of the most shocking came from former Hewlett Packard CEO Carly Fiorina, who said that \u0026#8220;92% of the jobs lost during Barack Obama\u0026#8217;s first term belonged to women.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThat figure was \u003Ca href=\u0022http:\/\/www.politifact.com\/truth-o-meter\/statements\/2012\/apr\/10\/mitt-romney\/romney-campaign-says-women-were-hit-hard-job-losse\/\u0022 target=\u0022_blank\u0022\u003Edebunked more than three years ago\u003C\/a\u003E when presidential candidate Mitt Romney used it as a talking point. It\u0026#8217;s a stat that cherry-picks data and disregards that the recession played out differently for men and women. As is typical in downturns, male workers lost their jobs first and more quickly in the Great Recession because male employment is concentrated in vulnerable industries like manufacturing and construction. Women lost their jobs later, even after the official recession\u2014December 2007 through June 2009\u2014was over.\u003C\/p\u003E\n\u003Cp\u003ENevertheless, Fiorina\u0026#8217;s comments suggest that it\u0026#8217;s worth examining just how well women have fared in the nation\u0026#8217;s ongoing economic recovery.\u003C\/p\u003E\n\u003Cp\u003ESo, how exactly are they doing? You\u0026#8217;ll find different answers depending on what data you use.\u003C\/p\u003E\n\u003Cp\u003EA top-line view of female employment tells a positive story. In September, just over 70 million women held jobs, a net gain of 2.8 million positions from the start of the recession.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/women-employees.png\u0022\u003E\u003Cimg class=\u0022aligncenter size-full wp-image-1398558\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/women-employees.png?w=545\u0026#038;h=400\u0022 alt=\u0022women-employees\u0022 width=\u0022545\u0022 height=\u0022400\u0022 \/\u003E\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EWomen have more than made up for the jobs they lost during the recession. And when you consider the net jobs created between the start of the recession\u2014December 2007\u2014and today, women account for 69% of those new workers.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/jobs-gained-since-start-recession.png\u0022\u003E\u003Cimg class=\u0022aligncenter size-full wp-image-1396960\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/jobs-gained-since-start-recession.png?w=546\u0026#038;h=400\u0022 alt=\u0022jobs-gained-since-start-recession\u0022 width=\u0022546\u0022 height=\u0022400\u0022 \/\u003E\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EBut total jobs added don\u0026#8217;t paint the full picture of women\u0026#8217;s employment.\u003C\/p\u003E\n\u003Cp\u003EWhile the increase in the number of women employed has pushed down the female unemployment rate\u2014quite precipitously, in fact, from from a high of 9.4% in the wake of the recession to 5% in September 2015\u2014joblessness among women overall is higher than what it was in the months leading up to the downturn.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/unemployment-women.png\u0022\u003E\u003Cimg class=\u0022aligncenter size-full wp-image-1398889\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/unemployment-women.png?w=545\u0026#038;h=400\u0022 alt=\u0022unemployment-women\u0022 width=\u0022545\u0022 height=\u0022400\u0022 \/\u003E\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EPart of the decreasing unemployment rate for women is also driven by the declining workforce participation rate among women. Workforce participation measures how many Americans are working or actively looking for employment. It drops when workers retire, go back to school, or give up on the job hunt.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/labor-participation-women1.png\u0022\u003E\u003Cimg class=\u0022aligncenter size-full wp-image-1399475\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/labor-participation-women1.png?w=545\u0026#038;h=400\u0022 alt=\u0022labor-participation-women\u0022 width=\u0022545\u0022 height=\u0022400\u0022 \/\u003E\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EThen there\u0026#8217;s the employment-to-population ratio, which compares the number of employed women in their prime working years, ages 25-54, to all women in that age group, regardless of whether they have jobs or are seeking one. For women, that ratio hasn\u0026#8217;t recovered to where it stood at the beginning of the recession. (That\u0026#8217;s also true for men.)\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/employment-to-pop-women.png\u0022\u003E\u003Cimg class=\u0022aligncenter size-full wp-image-1399356\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/employment-to-pop-women.png?w=545\u0026#038;h=222\u0022 alt=\u0022employment-to-pop-women\u0022 width=\u0022545\u0022 height=\u0022222\u0022 \/\u003E\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003EElise Gould, a senior economist for the Economic Policy Institute, told \u003Cem\u003EFortune\u003C\/em\u003E that this means that for all the positive employment news for women, \u0026#8220;job gains have simply not kept up with prime-age population growth.\u0026#8221;\u003C\/p\u003E\n","time":{"pretty":"October 31, 2015","published":"2015-10-31 04:17:42","updated":"2015-10-31 04:17:42","minute":"4:17 PM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/10\/31\/women-jobs-recession-recovery\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/31\/women-jobs-recession-recovery\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/31\/women-jobs-recession-recovery\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-85974323.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Chris Hondros\u2014Getty Images","caption":"NEW YORK - APRIL 14:  Job seekers line up on a sidewalk for a job fair in midtown Manhattan April 14, 2009 in New York City. ","attach_id":"1399092"},"excerpt":"\u003Cp\u003EIt\u0026#8217;s complicated.\u003C\/p\u003E\n","authors":[{"id":"381338","url":"http:\/\/fortune.com\/author\/claire-zillman\/","name":"Claire Zillman","twitter":"clairezillman","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/claire-zillman-7591.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/claire-zillman-7591.jpg?quality=80\u0026w=150",150,150,true],"bio":"Claire Zillman is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":20466,"name":"Careers","slug":"careers","term_group":0,"term_taxonomy_id":46729,"taxonomy":"category","description":"News you can utilize to develop and advance your career and how to position yourself to get that great new job. ","parent":0,"count":2588,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10264,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":588324,"name":"Carly Fiorina","slug":"carly-fiorina","term_group":0,"term_taxonomy_id":49321,"taxonomy":"post_tag","description":"","parent":0,"count":103,"filter":"raw"},{"term_id":8590,"name":"Economy","slug":"economy","term_group":0,"term_taxonomy_id":47033,"taxonomy":"post_tag","description":"","parent":0,"count":418,"filter":"raw"},{"term_id":7915,"name":"Employment","slug":"employment","term_group":0,"term_taxonomy_id":51081,"taxonomy":"post_tag","description":"","parent":0,"count":168,"filter":"raw"},{"term_id":66686,"name":"human capital","slug":"human-capital","term_group":0,"term_taxonomy_id":120074,"taxonomy":"post_tag","description":"","parent":0,"count":11,"filter":"raw"},{"term_id":199344,"name":"Recession","slug":"recession","term_group":0,"term_taxonomy_id":56967,"taxonomy":"post_tag","description":"","parent":0,"count":50,"filter":"raw"},{"term_id":1059725,"name":"republican debate","slug":"republican-debate","term_group":0,"term_taxonomy_id":139477,"taxonomy":"post_tag","description":"","parent":0,"count":43,"filter":"raw"},{"term_id":9986,"name":"unemployment","slug":"unemployment","term_group":0,"term_taxonomy_id":47036,"taxonomy":"post_tag","description":"","parent":0,"count":110,"filter":"raw"},{"term_id":598,"name":"women","slug":"women","term_group":0,"term_taxonomy_id":47098,"taxonomy":"post_tag","description":"","parent":0,"count":90,"filter":"raw"},{"term_id":211104,"name":"working women","slug":"working-women","term_group":0,"term_taxonomy_id":153888,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"human capital","slug":"human-capital","url":"http:\/\/fortune.com\/tag\/human-capital\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It\u0026#8217;s complicated.","seo":{"seo_title":"Have women recovered from the recession? An answer in 5 charts.","seo_description":"Women have more than made up for the jobs they lost during the recession. But job growth has not kept up with working age population growth.","seo_keywords":"employment, women, working women, unemployment, carly fiorina, republican debate, recession, economy","seo_news_keywords":"employment, women, working women, unemployment, carly fiorina, republican debate, recession, economy","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/31\/women-jobs-recession-recovery\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F31%2Fwomen-jobs-recession-recovery%2F","shortlink":"http:\/\/for.tn\/1LEynnv","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1LEynnv","encoded_title":"Have+women+recovered+from+the+recession%3F+An+answer+in+5+charts.","twitter_text":"Have women recovered from the recession? An answer in 5 charts.","twitter_via":"FORTUNE","facebook_desc":"Women have more than made up for the jobs they lost during the recession. But job growth has not kept up with working age population growth.","facebook_title":"Have women recovered from the recession? An answer in 5 charts."},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23908,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396715-0","in-article-ad-1396715-1","in-article-ad-1396715-2"]},{"id":1398477,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/carly-fiorina-paid-speaking\/","title":"Yes, Carly Fiorina has had paid speaking gigs since running for president","content":"\u003Cp\u003EAfter \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/carly-fiorina-paid-speaking-gigs\/\u0022\u003Evehemently denying\u003C\/a\u003E that Carly Fiorina was available for paid speeches during her run, the Republican presidential candidate\u0026#8217;s candidate campaign \u003Ca href=\u0022http:\/\/abcnews.go.com\/Politics\/carly-fiorina-campaign-money-paid-speeches-directly-charity\/story?id=34774688\u0022\u003Eadmitted to \u003Cem\u003EABC News\u003C\/em\u003E \u003C\/a\u003Ethat Fiorina has given two paid speeches since announcing her presidential bid.\u003C\/p\u003E\n\u003Cp\u003EHowever, the campaign insists that Fiorina had committed to the speeches long before announcing her run and that the money went directly to charity.\u003C\/p\u003E\n\u003Cp\u003E\u201cThe money never comes through us, it goes straight to charity,\u201d Fiorina\u2019s press secretary told \u003Cem\u003EABC\u003C\/em\u003E. \u201cThese were all booked at least a year out and Carly likes to keep her commitments when she can.\u201d\u003C\/p\u003E\n\u003Cp\u003EThe speeches, which paid $48,000 each, according to Fiorina\u0026#8217;s personal financial disclosure to the Federal Election Commission, were given to the Young Presidents\u2019 Organization in Kissimmee, Florida\u2014which also \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/ypo-conference-naked-women\/\u0022\u003Efeatured naked women\u003C\/a\u003E for attendees to paint on for their entertainment\u2014and at AT\u0026amp;T in Dallas, Texas.\u003C\/p\u003E\n\u003Cp\u003EQuestions about the former Hewlett-Packard CEO\u0026#8217;s speaking engagements first arose on Tuesday after the \u003Cem\u003E\u003Ca href=\u0022http:\/\/blogs.wsj.com\/washwire\/2015\/10\/27\/carly-fiorina-presidential-candidate-available-for-paid-speeches\/\u0022 target=\u0022_blank\u0022\u003EWall Street Journal\u003C\/a\u003E\u003C\/em\u003E published a copy of an email sent by Leading Authorities, a public speaking firm that represents Fiorina.\u003C\/p\u003E\n\u003Cp\u003E\u201cWe don\u0026#8217;t advertise Carly Fiorina on the Leading Authorities website, but if you have an interest in booking her for an upcoming meeting or event, please let me know and I\u0026#8217;d be happy to share her availability and fees,\u0026#8221; reads the email.\u003C\/p\u003E\n\u003Cp\u003EAccording to the FEC disclosure, Fiorina made a total of $786,000 in speaking fees from January 2014 until June 2015, when she announced her candidacy.\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 12:52:28","updated":"2015-10-30 12:52:28","minute":"12:52 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/carly-fiorina-paid-speaking\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/carly-fiorina-paid-speaking\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/carly-fiorina-paid-speaking\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Yes, Carly Fiorina has had paid speaking gigs since running for president","post_type":"post","featured_type":"image","featured_image":{"src":"http:\/\/i2.wp.com\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-494746028.jpg?crop=0px%2C22px%2C840px%2C485px\u0026resize=840%2C485\u0026quality=80\u0026strip","class":"featured-img-article_full","credit":"Photograph by Robyn Beck \u2014 AFP\/Getty Images","caption":"Republican presidential hopeful Carly Fiorina speaks during in the CNBC Republican Presidential Debate Wednesday night.","attach_id":"1397239"},"excerpt":"\u003Cp\u003ECampaign comes clean.\u003C\/p\u003E\n","authors":[{"id":"1208779","url":"http:\/\/fortune.com\/author\/valentina-zarya\/","name":"Valentina Zarya","twitter":"valzarya","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/zarya-whitebg.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022valentina zarya white bg (low res)\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/zarya-whitebg.jpg?quality=80\u0026w=150",150,150,true],"bio":"Valentina Zarya is an associate editor for the Most Powerful Women channel on fortune.com.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10264,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":588324,"name":"Carly Fiorina","slug":"carly-fiorina","term_group":0,"term_taxonomy_id":49321,"taxonomy":"post_tag","description":"","parent":0,"count":103,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2949,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Carly Fiorina","slug":"carly-fiorina","url":"http:\/\/fortune.com\/tag\/carly-fiorina\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Campaign comes clean.","seo":{"seo_title":"Carly Fiorina Had Paid Speaking Gigs Since Running for President","seo_description":"The speeches, which cost $48,000 each, were given to the Young Presidents\u2019 Organization in Kissimmee, Florida and at AT\u0026amp;T in Dallas, Texas.","seo_keywords":"carly fiorina, paid speaking gigs, republican, gop, 2016 presidential election, young presidents organization, ypo","seo_news_keywords":"carly fiorina, paid speaking gigs, republican, gop, 2016 presidential election, young presidents organization, ypo","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/carly-fiorina-paid-speaking\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fcarly-fiorina-paid-speaking%2F","shortlink":"http:\/\/for.tn\/1XEsYT4","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1XEsYT4","encoded_title":"Yes%2C+Carly+Fiorina+has+had+paid+speaking+gigs+since+running+for+president","twitter_text":"Yes, Carly Fiorina has had paid speaking gigs since running for president","twitter_via":"FORTUNE","facebook_desc":"Campaign comes clean.","facebook_title":"Carly Fiorina Has Had Paid Speaking Gigs Since Running for President"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23862,"filter":"raw"},"related_posts":[]}]},"id":1403372,"ad":{"type":"ad"},"button_ads":true},"in_article_ad_id":["in-article-ad-1403372-0","in-article-ad-1403372-1","in-article-ad-1403372-2"]},{"id":1399526,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/airbnb-rentals-san-francisco-election\/","title":"Airbnb to Face Voter Love and Hate in San Francisco","content":"\u003Cp\u003ESan Francisco is suffering from a housing crisis that has propelled rents into the stratosphere. And according to the supporters of a ballot measure to be voted on next week, the culprit is none other than home sharing service Airbnb.\u003C\/p\u003E\n\u003Cp\u003EThe local ballot measure, Proposition F, seeks to impose a stricter limit on the number of nights landlords can rent their homes and apartments through Airbnb and other similar services.\u003C\/p\u003E\n\u003Cp\u003ECurrently, they can rent 90 days annually if they aren\u0026#8217;t present and an unlimited number of days if they are. But if the initiative passes, they would only be able to lease their places for 75 days, regardless of whether they are present.\u003C\/p\u003E\n\u003Cp\u003EAdditionally, neighbors would be able to file complaints and lawsuits against landlords\u2014and collect damages\u2014even if the city has already cleared them of wrongdoing. Opponents, however, have attacked the possibility in their onslaught on television commercials by raising the ugly specter of neighbors spying on neighbors.\u003C\/p\u003E\n\u003Cp\u003EProp F, as it is more commonly known, has arguably become the most talked about measure on this year\u0026#8217;s ballot in San Francisco. In a city with a huge influx of tech wealth, it has become ground zero in a fight between the haves and the have-nots.\u003C\/p\u003E\n\u003Cp\u003EAirbnb has poured in more than $8 million of dollars into defeating the measure, which it fears could threaten its revenue in its hometown and set off a wave of similar ordinances around the country. The money has funded a series of television commercials, billboards, and stacks of direct mail.\u003C\/p\u003E\n\u003Cp\u003EThe initiative\u0026#8217;s supporters, on the other hand, have raised more than $482,000, of which $410,000 came from a hotel workers union. They have run a mostly shoe string campaign that has relied mostly on newspaper op-eds and online videos to spread its message.\u003C\/p\u003E\n\u003Cp\u003EThe proposition is the brainchild of Share Better SF, the local branch of a New York City-based coalition of politicians and local groups. The organization has been fighting Airbnb and other home-rental companies like HomeAway\u0026#8217;s VRBO in New York City, where last year, Airbnb was forced to turn over data on more than 10,000 hosts suspected of violating laws.\u003C\/p\u003E\n\u003Cp\u003EThe proposition has also received support from local organizations and politicians, such as U.S. Sen. Dianne Feinstein (D-Calif.).\u003C\/p\u003E\n\u003Cp\u003EBorn in 2008 out of two friends\u0026#8217; need to rent out their apartment to help pay rent, Airbnb lets regular people rent out space in their homes for short or long stays. The company has since raised skyrocketed in value to $25.5 billion and into one of the most prominent faces of the so-called \u0026#8220;sharing economy.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EIn September, Airbnb hired Chris Lehane, a former White House advisor to Bill Clinton whose firm represented Goldman Sachs during the recession, among other clients, as its head of global policy and public affairs. The hiring signaled how seriously the company takes potential regulatory obstacles to its business, which is already under attack in a number of cities and states.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;We want to work in partnership with cities,\u201d Lehane said in an interview with \u003Cem\u003EFortune\u003C\/em\u003E.\u003C\/p\u003E\n\u003Cp\u003EThe debate over the proposition \u2014 and San Francisco\u0026#8217;s overall housing crisis \u2014 is complex. But it mainly revolves around two issues.\u003C\/p\u003E\n\u003Cp\u003EFirst, is the question of Airbnb\u0026#8217;s impact on the San Francisco\u0026#8217;s housing. In the last few years, rents have soared while affordable housing has seemingly disappeared. Because renting out an extra room, and especially an entire unit, for a short term is a lucrative business, some San Francisco residents have done so from time to time to make a little extra money.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Airbnb was created to keep people in their home,\u0026#8221; Lehane told \u003Cem\u003EFortune, \u003C\/em\u003Eadding that the proposition is an \u0026#8220;attack on the middle class.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EAnother set of hosts, however, use the service to rent out an entire unit or home\u2014sometimes a second home or additional properties they own\u2014year-round. They collect big money from renting to tourists instead of finding long-term tenants.\u003C\/p\u003E\n\u003Cp\u003EAnd it\u0026#8217;s that second case that\u0026#8217;s problematic, according to Prop F supporters. For the last few years, newspapers have featured articles about landlords evicting long-term residents to turn their units into Airbnb hotels and people renting second homes through the site that could otherwise house long-term residents. It\u0026#8217;s these commercial hosts, as they\u0026#8217;re called, that are the problem.\u003C\/p\u003E\n\u003Cp\u003EBut, of course, there\u0026#8217;s a lot of disagreement over how often this truly happens. In May of this year, the city issued two separate reports on the impact of short-term rentals on housing. One, from San Francisco\u0026#8217;s Budget and Legislative Analyst, concluded that between 925 and 1,960 units were likely removed from the market because their owners listed them on Airbnb instead.\u003C\/p\u003E\n\u003Cp\u003EThe other report, authored by the city\u0026#8217;s chief economist, didn\u0026#8217;t come to a definitive conclusion about short-term rentals\u2014and Airbnb\u0026#8217;s\u2014impact on the strained housing stock. Although the report did find that there was likely some connection, it also said that because of a lack of data, it\u0026#8217;s impossible to really know.\u003C\/p\u003E\n\u003Cp\u003EAirbnb\u0026#8217;s own analysis, released the following month, of course, found that its business only had a negligible effect on the rental market. The company also argued that the number of vacant units in the city has remained unchanged between 2005 and 2013.\u003C\/p\u003E\n\u003Cp\u003EThe other main topic of debate centers around zoning laws. Or, in the eyes of Prop. F supporters: San Francisco residents\u0026#8217; rights to a quality life in a residential area, and not a neighborhood of defacto hotels.\u003C\/p\u003E\n\u003Cp\u003EProponents of ballot measure say they have no problem with homeowners having guests staying with or without them a couple of times a year. Rather, the problem arises when a steady stream of strangers comes and goes, creating noise and raising safety concerns for neighbors.\u003C\/p\u003E\n\u003Cp\u003EWhen asked about those complaints, Lehane said that Airbnb\u0026#8217;s community does a good job at policing itself. Bad hosts and guests are naturally weeded out because they receive bad reviews and ratings by other users.\u003C\/p\u003E\n\u003Cp\u003ELehane added that the company has created a \u003Ca href=\u0022https:\/\/www.airbnb.com\/help\/responsible-hosting\u0022\u003Ehotline\u003C\/a\u003E for neighbors to report bad behavior. However, it is difficult to find on the company\u0026#8217;s website because it is buried in the section for hosts.\u003C\/p\u003E\n\u003Cp\u003EProp. F authorizes anyone who lives within 100 feet (not just residents of the building, as the current law states), homeowners\u0026#8217; associations, and housing non-profits to file lawsuits to punish the most egregious landlords. They would be able to do so even without the city finding a violation under existing law, which was voted on last fall and went into effect in February.\u003C\/p\u003E\n\u003Cp\u003EIn speaking with \u003Cem\u003EFortune\u003C\/em\u003E, Lehane pointed to a previous 30 year-old proposition dealing with clean drinking water and toxins that has been criticized for fueling private lawsuits against businesses for pollution. Many of the litigants sued solely to make money without any improvement in the environment for the community, he said.\u003C\/p\u003E\n\u003Cp\u003EBut Share Better\u0026#8217;s spokesman, Dale Carlson, called that interpretation an exaggeration used by Airbnb to scare voters. Filing a lawsuit involves a lot of work, he said, and that reasonable people would only do so if they have a legitimate complaint.\u003C\/p\u003E\n\u003Cp\u003EAnd it\u0026#8217;s part of a larger point Carlson makes, which is that the city\u0026#8217;s current rules and the new office it has set up to police short-term rentals simply aren\u0026#8217;t effective enough to keep hosts in line. \u201cThe laws and regulations that the city has put forward have been examined by experts and they\u2019ve determined that the laws are unworkable,\u201d Carlson told \u003Ci\u003EFortune\u003C\/i\u003E.\u003C\/p\u003E\n\u003Cp\u003EThis is also why Prop. F would put the burden on Airbnb and other websites to track how many days a unit has been rented and block those that have reached their limit from being listed. According to Carlson, the city government doesn\u0026#8217;t have the resources or information to track down scofflaws. As part of the amendment to the current law that passed in July, the city has set up a new office to handle host registrations and enforce rules, but Carlson says it\u0026#8217;s understaffed and ineffective.\u003C\/p\u003E\n\u003Cp\u003EProp. F also requires hosts to report quarterly the number of days they\u0026#8217;ve rented out their units and how many nights they\u0026#8217;ve spent at home. It\u0026#8217;s already required, in theory, but relatively few landlords have registered so far.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;No one is the world requires you to actually register with the government the number of nights that you\u0026#8217;re sleeping in your own bed,\u0026#8221; Lehane says, which he described as draconian. Even Taliban and ISIS don\u0026#8217;t go to such lengths in the Middle East, he said.\u003C\/p\u003E\n\u003Cp\u003EAirbnb argues that it has no way of knowing if a unit has been listed and rented out through a different service. The company has also been opposed to sharing this data with city officials, stating concerns over its users\u0026#8217; privacy.\u003C\/p\u003E\n\u003Cp\u003EStill, the debate over home-sharing services like Airbnb and VRBO is just as complex as the housing crisis itself. Tuesday\u0026#8217;s vote marks just the latest incarnation\u2014the first referendum on Airbnb itself.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022\u003ESubscribe to Data Sheet\u003C\/a\u003E, Fortune\u2019s daily newsletter on the business of technology.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EFor more on Airbnb, watch this Fortune video: \u003C\/em\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002210\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4322552310001-10\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224322552310001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1HhjhjM\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dairbnb%2Cbrianchesky%26ch%3Dleadership%26topic%3Dairbnb\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 03:43:39","updated":"2015-11-02 03:43:39","minute":"3:43 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/airbnb-rentals-san-francisco-election\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/airbnb-rentals-san-francisco-election\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/airbnb-rentals-san-francisco-election\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Airbnb to Face Voter Love and Hate in San Francisco ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/09\/gettyimages-470565858.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Justin Sullivan\u2014Getty Images","caption":"Pedestrians walk by an apartment for rent in San Francisco, Calif.","attach_id":"1319785"},"excerpt":"\u003Cp\u003ESan Francisco voters will cast their ballots Tuesday on whether to restrict Airbnb and its competitors. \u003C\/p\u003E\n","authors":[{"id":"1024641","url":"http:\/\/fortune.com\/author\/kia-kokalitcheva\/","name":"Kia Kokalitcheva","twitter":"imkialikethecar","gplus":"","email":"kia.kokalitcheva@fortune.com","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022kia kokalitcheva (318) square crop\u0022 \/\u003E","thumbnail_alt":"kia kokalitcheva (318) square crop","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026w=150",150,150,true],"bio":"Kia Kokalitcheva is a reporter at \u003Cem\u003EFortune\u003C\/em\u003E. She covers technology and Silicon Valley with a focus on the \u0022on-demand economy.\u0022 She is based in San Francisco.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22103,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":197739,"name":"affordable housing","slug":"affordable-housing","term_group":0,"term_taxonomy_id":115991,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":19239773,"name":"Airbnb","slug":"airbnb","term_group":0,"term_taxonomy_id":47753,"taxonomy":"post_tag","description":"","parent":0,"count":110,"filter":"raw"},{"term_id":2554188,"name":"ballot measure","slug":"ballot-measure","term_group":0,"term_taxonomy_id":153945,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":390582688,"name":"chris lehane","slug":"chris-lehane-2","term_group":0,"term_taxonomy_id":143218,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":38091962,"name":"Dale Carlson","slug":"dale-carlson","term_group":0,"term_taxonomy_id":153944,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":7551957,"name":"Home Sharing","slug":"home-sharing","term_group":0,"term_taxonomy_id":117699,"taxonomy":"post_tag","description":"","parent":0,"count":8,"filter":"raw"},{"term_id":299,"name":"Housing","slug":"housing","term_group":0,"term_taxonomy_id":46996,"taxonomy":"post_tag","description":"","parent":0,"count":121,"filter":"raw"},{"term_id":317345,"name":"Housing crisis","slug":"housing-crisis","term_group":0,"term_taxonomy_id":52706,"taxonomy":"post_tag","description":"","parent":0,"count":20,"filter":"raw"},{"term_id":61663780,"name":"Prop F","slug":"prop-f","term_group":0,"term_taxonomy_id":153941,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":2458431,"name":"proposition f","slug":"proposition-f","term_group":0,"term_taxonomy_id":152610,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":1093,"name":"San Francisco","slug":"san-francisco","term_group":0,"term_taxonomy_id":57452,"taxonomy":"post_tag","description":"","parent":0,"count":43,"filter":"raw"},{"term_id":286781795,"name":"ShareBetter","slug":"sharebetter","term_group":0,"term_taxonomy_id":153942,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":376577317,"name":"ShareBetter SF","slug":"sharebetter-sf","term_group":0,"term_taxonomy_id":153943,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":8836998,"name":"Short-Term Rentals","slug":"short-term-rentals","term_group":0,"term_taxonomy_id":117274,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Airbnb","slug":"airbnb","url":"http:\/\/fortune.com\/tag\/airbnb\/"},"f500_tag":false,"paid":false,"paid_excerpt":"San Francisco voters will cast their ballots Tuesday on whether to restrict Airbnb and its competitors.","seo":{"seo_title":"San Francisco to Vote on Airbnb Initiative on Tuesday","seo_description":"San Francisco voters will cast their ballots Tuesday on Prop. F, which would restrict Airbnb and its competitors.","seo_keywords":"Airbnb, San Francisco, Prop F, Proposition F, home-sharing, short-term rentals, ShareBetter, ShareBetter SF, Chris Lehane, Dale Carlson, ballot measure, housing crisis, housing, affordable housing,","seo_news_keywords":"Airbnb, San Francisco, Prop F, Proposition F, home-sharing, short-term rentals, ShareBetter, ShareBetter SF, Chris Lehane, Dale Carlson, ballot measure, housing crisis, housing, affordable housing,","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/airbnb-rentals-san-francisco-election\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fairbnb-rentals-san-francisco-election%2F","shortlink":"http:\/\/for.tn\/1HhjhjM","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1HhjhjM","encoded_title":"Airbnb+to+Face+Voter+Love+and+Hate+in+San+Francisco","twitter_text":"Airbnb to Face Voter Love and Hate in San Francisco ","twitter_via":"FORTUNE","facebook_desc":"San Francisco voters will cast their ballots Tuesday on Prop. 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The original version can be found \u003Ca href=\u0022http:\/\/time.com\/4096042\/airbnb-san-francisco-proposition-f-campaign-rentals\/\u0022 target=\u0022_blank\u0022\u003Ehere\u003C\/a\u003E. \u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EBy Rishi Iyengar @Iyengarish\u003C\/p\u003E\n\u003Cp\u003EAirbnb has mounted a massive campaign to \u003Ca href=\u0022http:\/\/www.reuters.com\/article\/2015\/11\/01\/us-airbnb-election-sanfrancisco-iduskcn0sq2cj20151101?utm_campaign=trueAnthem:+Trending+Content\u0026amp;utm_content=56369b2304d3013571615f95\u0026amp;utm_medium=trueAnthem\u0026amp;utm_source=facebook\u0022\u003Edefeat a San Francisco proposal\u003C\/a\u003E that would severely impact its business model, hiring a former political strategist and spending more than $8 million in the process.\u003C\/p\u003E\n\u003Cp class=\u0022clipper--hidden\u0022\u003EA measure called Proposition F, which would limit the short-term housing rentals that have made Airbnb one of the fastest-growing companies in the U.S., will go before voters on Tuesday, Reuters reports.\u003C\/p\u003E\n\u003Cp class=\u0022clipper--hidden\u0022\u003EAlthough the firm\u2019s presence in its home base of San Francisco is not as large as cities like New York or Paris, passage of the measure would be a symbolic defeat that could provide a catalyst for other cities to implement similar restrictions.\u003C\/p\u003E\n\u003Cp class=\u0022clipper--hidden\u0022\u003EAirbnb\u2019s efforts to stall Proposition F \u2014 which include $2 million spent on sending 400 volunteers to visit houses across the city \u2014 seem to be working, with a recent poll showing 55% of residents plan to vote against the measure.\u003C\/p\u003E\n\u003Cp class=\u0022clipper--hidden\u0022\u003E\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002211\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4575611197001-11\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam 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Images\/Flickr Select","caption":"Could San Francisco fatally weaken Airbnb\u0026#039;s business model?","attach_id":"1201286"},"excerpt":"\u003Cp\u003EThe company has spent $8 million to defeat a measure that would impose restrictions on short-term rentals in the city.\u003C\/p\u003E\n","authors":[{"id":"785968","url":"http:\/\/fortune.com\/author\/time-magazine\/","name":"TIME","twitter":"TIME","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/09\/picture_24.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022TIME guest author\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/09\/picture_24.png?w=150",150,150,true],"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":1875350,"name":"Executive 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style=\u0022font-weight:400;\u0022\u003EThe outdoor ads, written in the form of personal letters, snidely suggested that the city use the company\u2019s tax revenue to keep the library open later, build more bike lanes and \u201ckeep art in schools.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003EAirbnb is currently battling a proposed ballot measure that would place further restrictions on short-term housing rentals in the city, and the company has said that the measure would reduce the taxes it pays to the city. The ads seem to be a passive-aggressive reminder of how valuable the company\u2019s taxes are.\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003EChill billboard, \u003Ca href=\u0022https:\/\/twitter.com\/Airbnb\u0022\u003E@airbnb\u003C\/a\u003E \u003Ca href=\u0022https:\/\/t.co\/4QuRJSaG0N\u0022\u003Epic.twitter.com\/4QuRJSaG0N\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; \uff4a\uff44\uff45\uff4e (@jden415) \u003Ca href=\u0022https:\/\/twitter.com\/jden415\/status\/657016998656802816\u0022\u003EOctober 22, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cp\u003EFollowing some venomous remarks about the ads by city residents on social media, Airbnb apologized for the campaign. \u201cThe intent was to show the hotel tax contribution from our hosts and guests, which is roughly $1 million per month,\u201d the company said in a statement. \u201cIt was the wrong tone and we apologize to anyone who was offended. 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style=\u0022font-weight:400;\u0022\u003EThe outdoor ads, written in the form of personal letters, snidely suggested that the city use the company\u2019s tax revenue to keep the library open later, build more bike lanes and \u201ckeep art in schools.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003EAirbnb is currently battling a proposed ballot measure that would place further restrictions on short-term housing rentals in the city, and the company has said that the measure would reduce the taxes it pays to the city. The ads seem to be a passive-aggressive reminder of how valuable the company\u2019s taxes are.\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003EChill billboard, \u003Ca href=\u0022https:\/\/twitter.com\/Airbnb\u0022\u003E@airbnb\u003C\/a\u003E \u003Ca href=\u0022https:\/\/t.co\/4QuRJSaG0N\u0022\u003Epic.twitter.com\/4QuRJSaG0N\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; \uff4a\uff44\uff45\uff4e (@jden415) \u003Ca href=\u0022https:\/\/twitter.com\/jden415\/status\/657016998656802816\u0022\u003EOctober 22, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cp\u003EFollowing some venomous remarks about the ads by city residents on social media, Airbnb apologized for the campaign. \u201cThe intent was to show the hotel tax contribution from our hosts and guests, which is roughly $1 million per month,\u201d the company said in a statement. \u201cIt was the wrong tone and we apologize to anyone who was offended. 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(Nov. 2 is National Deviled Egg day and National Traffic Directors Day, if you\u0026#8217;re curious).\u003C\/p\u003E\n\u003Cp\u003EConsumers may never truly understand the madness behind all these \u0026#8220;national\u0026#8221; days\u2014or solve the metaphysical conundrum of having more \u0026#8220;national days\u0026#8221; than days of the year\u2014but they can avail themselves of the promotions they bring. For National Sandwich Day, that means two sandwiches for the price of one from Subway.\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003EWe want U to \u003Ca href=\u0022https:\/\/twitter.com\/hashtag\/SaveLunchBreak?src=hash\u0022\u003E#SaveLunchBreak\u003C\/a\u003E! How? 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The company\u2019s stock dropped more than 15% in after-hours trading on Wednesday following \u003Ca href=\u0022http:\/\/ir.buffalowildwings.com\/releasedetail.cfm?ReleaseID=939018\u0022\u003Eits earnings report\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EThe company did manage to increase revenue 22% from the same quarter in 2014 and boost same-store sales 3.9% at company-owned stores and 1.2% at franchised stores. 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EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/buffalo-wild-wings-stock\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/buffalo-wild-wings-stock\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/buffalo-wild-wings-stock\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"This is why Buffalo Wild Wings\u2019 stock price is tanking","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/04\/465773033.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by David Paul Morris \u2014 Bloomberg via Getty Images","caption":"","attach_id":"1067951"},"excerpt":"\u003Cp\u003EIt fell more than 15%.\u003C\/p\u003E\n","authors":[{"id":"977871","url":"http:\/\/fortune.com\/author\/victor-luckersontime\/","name":"Victor Luckerson","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13486,"filter":"raw"},{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46735,"taxonomy":"category","description":"News and updates on the retail sector, including companies like Wal-Mart, Target, Costco, Sears, Home Depot, and other places to shop.","parent":0,"count":3720,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":5467437,"name":"buffalo 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Dyl was initially placed at the restaurant by a non-profit in an unpaid training program, \u003Ca href=\u0022http:\/\/time.com\/4084593\/caleb-dyl-applebees-autistic-wages\/\u0022\u003Eaccording to \u003Cem\u003ETime\u003C\/em\u003E\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EBut he started working as a prep cook in August, 2014 and was not paid after being hired for his part-time work, Rhode Island TV station \u003Ca href=\u0022http:\/\/wpri.com\/2015\/10\/22\/applebees-agrees-to-pay-autistic-man-for-hours-worked\/\u0022\u003EWPRI reported\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u201cHe was enjoying the job, so we really weren\u2019t focused on the income so much,\u201d Dyl\u0026#8217;s father, Bob, told WPRI. \u201cBut after that amount of time, you kind of wonder what\u2019s going on.\u201d\u003C\/p\u003E\n\u003Cp\u003EEleanor Clancy, a New England regional director of operations for Applebee\u2019s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022DIN\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/din\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EDIN\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, said that WPRI\u0026#8217;s call to her for a comment was the first time she had been made aware of the payment issue.\u003C\/p\u003E\n\u003Cp\u003E\u201cThis is on us. We feel terrible,\u201d said Clancy in an interview with WPRI after learning of the issue. \u201cWe have to make this right.\u0026#8221;\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002215\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4536002757001-15\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224536002757001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1MPjzAv\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/retail_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbreakfast%2Cbreakfastmenu%2Cfastfood%2Cfood%2Cfoodnews%2Chashbrowns%2Cmcdonaldsmenu%2Cmcdonalds%2Cmcmuffin%2Ctacobell%26ch%3Dretail%26topic%3D\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"October 26, 2015","published":"2015-10-26 04:10:04","updated":"2015-10-26 04:10:04","minute":"4:10 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/26\/applebees-autistic-employee\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/26\/applebees-autistic-employee\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/26\/applebees-autistic-employee\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Applebee\u0027s to pay autistic cook who didn\u0027t receive money for work","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/applebees1.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Scott Olson  Getty \u2014 Images","caption":"","attach_id":"1389266"},"excerpt":"\u003Cp\u003EHe\u0026#8217;ll be paid for all 480 hours.\u003C\/p\u003E\n","authors":[{"id":"294393","url":"http:\/\/fortune.com\/author\/benjamin-snyder\/","name":"Benjamin Snyder","twitter":"WriterSnyder","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-snyder-3271.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - 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McDonald\u2019s is the biggest burger restaurant in the world, but you wouldn\u0026#8217;t have known it from its third-quarter earnings call yesterday. Executives at the fast food giant uttered the b-word a mere six times. Two of the mentions came at the beginning and end of the call when CEO Steve Easterbrook repeated that the company was repositioning itself to be a \u201cmodern, progressive burger company.\u201d By comparison, the execs referred to breakfast 17 times and chicken eight times.\u003C\/p\u003E\n\u003Cp\u003EThe rare mention of the iconic product that has long defined McDonald\u2019s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MCD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/mcd\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMCD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is a sign that being a \u201cmodern, progressive burger company\u201d might means focusing a lot of attention on\u0026#8230;other things.\u003C\/p\u003E\n\u003Cp\u003E\u201cI think you\u2019re going to see them become more and more about other things and less about burgers and fries,\u201d says Edward Jones analyst Jack Russo. \u201cThey want to be seen as giving people choice and being more healthy.\u201d\u003C\/p\u003E\n\u003Cp\u003EIf you look at the numbers, it\u2019s clear why. The U.S. public may be burgered-out. There are 50,000 burger restaurants in the U.S.\u2014that\u2019s one for every 6,300 people, according to industry analyst Aaron Allen, who says that Americans eat 46 hamburgers a year on average. Of all the sandwiches sold in the U.S., he says three out of every five are burgers, and more than two-thirds of all the beef we consume comes in the form of a patty on a bun.\u003C\/p\u003E\n\u003Cp\u003EOf course, there\u0026#8217;s been a surge in at least one category: the ballooning \u201cbetter burger\u201d segment. Allen found that some 50 national chains\u2014from Shake Shack to Five Guys to Smashburger\u2014have plans to expand, which will add thousands of locations in the coming years. And the proliferation is not just at burger joints. Darren Tristano of industry research firm Technomic says that the burger is also popping up in unexpected places, such as on Olive Garden\u2019s menu or integrated into tacos.\u003C\/p\u003E\n\u003Cp\u003EBut the pace of growth of the better burger segment is not in line with the growth of burger consumption, which Allen says lags behind population growth. We are already one of the top beef-eating countries in the world. How much more beef can we stomach?\u003C\/p\u003E\n\u003Cp\u003E\u201cThe only growth is coming from cannibalization,\u201d Allen says. \u201cWe\u2019ve capped out on the number of burgers we can eat. They\u2019re really just swapping dollars.\u201d He thinks McDonald\u2019s has taken the biggest hit, noting that if you look at the growth of units added in fast-casual hamburger restaurants in the last three years, that\u2019s approximately equivalent to the number of locations McDonald\u2019s has closed.\u003C\/p\u003E\n\u003Cp\u003EThe fast-growing chicken sandwich is giving the hamburger a run for its money. According to research firm NPD Group\u0026#8217;s Harry Balzer, 2044 will be the year the number of chicken sandwiches consumed at lunch at all chains will surpass burgers for the first time. \u0026#8220;Hamburgers are not on a growth cycle,\u0026#8221; Balzer says, \u0026#8220;but they\u0026#8217;ve got a place in our lives.\u0026#8221; He says that the chicken sandwich is not cannibalizing from hamburgers; instead it\u0026#8217;s a change in how we eat chicken.\u003C\/p\u003E\n\u003Cp\u003EAllen, who has done an analysis of McDonald\u2019s menu, says there are now more chicken-related items than anything else on the its menu, and McDonald\u0026#8217;s now sells more chicken than beef.\u003C\/p\u003E\n\u003Cp\u003EIt makes sense if McDonald\u0026#8217;s wants to go whole hog on chicken. But McDonald\u0026#8217;s can\u0026#8217;t forget its roots. As \u003Cem\u003EFortune\u003C\/em\u003E noted last year in a \u003Ca href=\u0022http:\/\/fortune.com\/2014\/11\/12\/can-mcdonalds-get-its-mojo-back\/\u0022\u003Estory detailing McDonald\u0026#8217;s woes\u003C\/a\u003E, the company has a perception problem when it comes to quality:\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EA survey in Consumer Reports showed that McDonald\u2019s customers ranked its burgers significantly below those of 20 competitors. It also had the lowest rank in food quality of all rated hamburger chains in the Nation\u2019s Restaurant News 2014 Consumer Picks survey. Worse, McDonald\u2019s ratings among diners put the chain at No. 104\u2014on a list of 105 restaurants without table service. (Only Chuck E. Cheese\u2019s scored lower.)\u003Cbr \/\u003E\n\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EWhether it likes it or not and no matter how much chicken it sells, McDonald\u0026#8217;s will always be known first and foremost for the hamburger. That doesn\u0026#8217;t mean it has to compete with the better burger chains. 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PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026w=150",150,150,true],"bio":"Beth Kowitt is a writer at Fortune Magazine","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46735,"taxonomy":"category","description":"News and updates on the retail sector, including companies like Wal-Mart, Target, Costco, Sears, Home Depot, and other places to shop.","parent":0,"count":3712,"filter":"raw"}],"section":{"name":"Retail","slug":"retail","url":"http:\/\/fortune.com\/retail\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":594795,"name":"chicken sandwich","slug":"chicken-sandwich","term_group":0,"term_taxonomy_id":142828,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":6026,"name":"fast food","slug":"fast-food","term_group":0,"term_taxonomy_id":51416,"taxonomy":"post_tag","description":"","parent":0,"count":185,"filter":"raw"},{"term_id":198836,"name":"hamburger","slug":"hamburger","term_group":0,"term_taxonomy_id":120566,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":18332,"name":"mcdonalds","slug":"mcdonalds","term_group":0,"term_taxonomy_id":54783,"taxonomy":"post_tag","description":"","parent":0,"count":205,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"fast food","slug":"fast-food","url":"http:\/\/fortune.com\/tag\/fast-food\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The company\u0026#8217;s executives seem to have other products on their mind, if yesterday\u0026#8217;s analyst call was any indication.","seo":{"seo_title":"McDonald\u0027s Earnings Point to \u0027Peak Burger\u0027 Across Food Industry","seo_description":"McDonald\u0027s scant mention of burgers during its earnings call may be a sign that we\u0027ve reached peak burger.","seo_keywords":"McDonald\u0027s, peak burger, earnings, Steve Easterbrook, hamburger, chicken sandwich","seo_news_keywords":"McDonald\u0027s, peak burger, earnings, Steve Easterbrook, hamburger, chicken sandwich","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/23\/mcdonalds-earnings-peak-burger\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F23%2Fmcdonalds-earnings-peak-burger%2F","shortlink":"http:\/\/for.tn\/1OMNwal","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1OMNwal","encoded_title":"McDonald%E2%80%99s+earnings%3A+Does+the+company+think+we%E2%80%99ve+reached+peak+burger%3F","twitter_text":"McDonald\u2019s earnings: Does the company think we\u2019ve reached peak burger?","twitter_via":"FORTUNE","facebook_desc":"McDonald\u0027s scant mention of burgers during its earnings call may be a sign that we\u0027ve reached peak burger.","facebook_title":"McDonald\u0027s Earnings Point to \u0027Peak Burger\u0027 Across Food Industry"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23856,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1385319-0","in-article-ad-1385319-1","in-article-ad-1385319-2"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1396040,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/buffalo-wild-wings-stock\/","title":"This is why Buffalo Wild Wings\u2019 stock price is tanking","content":"\u003Cp\u003EBuffalo Wild Wings\u2019 \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022BWLD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/bwld\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EBWLD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E stock price is dropping sharply this morning, after the restaurant chain said it missed both earnings and revenue estimates in its most recent quarter.\u003C\/p\u003E\n\u003Cp\u003EAnalysts had projected earnings per share of $1.29 on revenue of $465 million, but the company only posted earnings of $1 and $456 million in revenue. The company\u2019s stock dropped more than 15% in after-hours trading on Wednesday following \u003Ca href=\u0022http:\/\/ir.buffalowildwings.com\/releasedetail.cfm?ReleaseID=939018\u0022\u003Eits earnings report\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EThe company did manage to increase revenue 22% from the same quarter in 2014 and boost same-store sales 3.9% at company-owned stores and 1.2% at franchised stores. However, guidance for the upcoming quarter was also weak because a shift in the calendar means there will be one less week of football than last year and fewer pay-per view events, CNBC \u003Ca href=\u0022http:\/\/www.cnbc.com\/2015\/10\/28\/buffalo-wild-wings-shares-tumble-on-earnings-miss.html\u0022\u003Ereported\u003C\/a\u003E.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00225\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4582015445001-5\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 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name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/retail_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbythenumbers%2Challoween%2Challoweenbythenumbers%2Cmarkettrends%26ch%3Dretail%26topic%3Dmarkettrends\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 10:46:55","updated":"2015-10-29 10:46:55","minute":"10:46 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/buffalo-wild-wings-stock\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/buffalo-wild-wings-stock\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/buffalo-wild-wings-stock\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"This is why Buffalo Wild Wings\u2019 stock price is tanking","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/04\/465773033.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by David Paul Morris \u2014 Bloomberg via Getty Images","caption":"","attach_id":"1067951"},"excerpt":"\u003Cp\u003EIt fell more than 15%.\u003C\/p\u003E\n","authors":[{"id":"977871","url":"http:\/\/fortune.com\/author\/victor-luckersontime\/","name":"Victor Luckerson","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13481,"filter":"raw"},{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46735,"taxonomy":"category","description":"News and updates on the retail sector, including companies like Wal-Mart, Target, Costco, Sears, Home Depot, and other places to shop.","parent":0,"count":3712,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":5467437,"name":"buffalo 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Dyl was initially placed at the restaurant by a non-profit in an unpaid training program, \u003Ca href=\u0022http:\/\/time.com\/4084593\/caleb-dyl-applebees-autistic-wages\/\u0022\u003Eaccording to \u003Cem\u003ETime\u003C\/em\u003E\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EBut he started working as a prep cook in August, 2014 and was not paid after being hired for his part-time work, Rhode Island TV station \u003Ca href=\u0022http:\/\/wpri.com\/2015\/10\/22\/applebees-agrees-to-pay-autistic-man-for-hours-worked\/\u0022\u003EWPRI reported\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u201cHe was enjoying the job, so we really weren\u2019t focused on the income so much,\u201d Dyl\u0026#8217;s father, Bob, told WPRI. \u201cBut after that amount of time, you kind of wonder what\u2019s going on.\u201d\u003C\/p\u003E\n\u003Cp\u003EEleanor Clancy, a New England regional director of operations for Applebee\u2019s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022DIN\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/din\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EDIN\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, said that WPRI\u0026#8217;s call to her for a comment was the first time she had been made aware of the payment issue.\u003C\/p\u003E\n\u003Cp\u003E\u201cThis is on us. We feel terrible,\u201d said Clancy in an interview with WPRI after learning of the issue. \u201cWe have to make this right.\u0026#8221;\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00226\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4536002757001-6\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224536002757001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1MPjzAv\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/retail_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbreakfast%2Cbreakfastmenu%2Cfastfood%2Cfood%2Cfoodnews%2Chashbrowns%2Cmcdonaldsmenu%2Cmcdonalds%2Cmcmuffin%2Ctacobell%26ch%3Dretail%26topic%3D\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"October 26, 2015","published":"2015-10-26 04:10:04","updated":"2015-10-26 04:10:04","minute":"4:10 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/26\/applebees-autistic-employee\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/26\/applebees-autistic-employee\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/26\/applebees-autistic-employee\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Applebee\u0027s to pay autistic cook who didn\u0027t receive money for work","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/applebees1.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Scott Olson  Getty \u2014 Images","caption":"","attach_id":"1389266"},"excerpt":"\u003Cp\u003EHe\u0026#8217;ll be paid for all 480 hours.\u003C\/p\u003E\n","authors":[{"id":"294393","url":"http:\/\/fortune.com\/author\/benjamin-snyder\/","name":"Benjamin Snyder","twitter":"WriterSnyder","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-snyder-3271.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-snyder-3271.jpg?quality=80\u0026w=150",150,150,true],"bio":"Benjamin Snyder is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46735,"taxonomy":"category","description":"News and updates on the retail sector, including companies like Wal-Mart, Target, Costco, Sears, Home Depot, and other places to shop.","parent":0,"count":3721,"filter":"raw"}],"section":{"name":"Retail","slug":"retail","url":"http:\/\/fortune.com\/retail\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":277367,"name":"Applebee\u0027s","slug":"applebees","term_group":0,"term_taxonomy_id":111079,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":12360,"name":"Autism","slug":"autism","term_group":0,"term_taxonomy_id":114373,"taxonomy":"post_tag","description":"","parent":0,"count":9,"filter":"raw"},{"term_id":6096,"name":"cooking","slug":"cooking","term_group":0,"term_taxonomy_id":114487,"taxonomy":"post_tag","description":"","parent":0,"count":10,"filter":"raw"},{"term_id":5956,"name":"dining","slug":"dining","term_group":0,"term_taxonomy_id":111084,"taxonomy":"post_tag","description":"","parent":0,"count":8,"filter":"raw"},{"term_id":4859741,"name":"Fast Casual","slug":"fast-casual","term_group":0,"term_taxonomy_id":117031,"taxonomy":"post_tag","description":"","parent":0,"count":30,"filter":"raw"},{"term_id":6026,"name":"fast food","slug":"fast-food","term_group":0,"term_taxonomy_id":51416,"taxonomy":"post_tag","description":"","parent":0,"count":184,"filter":"raw"},{"term_id":586,"name":"Food","slug":"food","term_group":0,"term_taxonomy_id":51635,"taxonomy":"post_tag","description":"","parent":0,"count":189,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2961,"filter":"raw"},{"term_id":1662,"name":"Restaurants","slug":"restaurants","term_group":0,"term_taxonomy_id":57084,"taxonomy":"post_tag","description":"","parent":0,"count":104,"filter":"raw"},{"term_id":9799,"name":"rhode island","slug":"rhode-island","term_group":0,"term_taxonomy_id":111997,"taxonomy":"post_tag","description":"","parent":0,"count":6,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Applebee\u0027s","slug":"applebees","url":"http:\/\/fortune.com\/tag\/applebees\/"},"f500_tag":false,"paid":false,"paid_excerpt":"He\u0026#8217;ll be paid for all 480 hours.","seo":{"seo_title":"Applebee\u0027s To Pay Autistic Man Who Didn\u0027t Receive Money For Work","seo_description":"An autistic Applebee\u0027s worker from Rhode Island is now being paid for 480 hours of work he failed to receive.","seo_keywords":"Applebee\u0027s, Autism, Restaurants, Fast Food, Fast Casual, Food, Dining, Rhode Island, Cooking","seo_news_keywords":"Applebee\u0027s, Autism, Restaurants, Fast Food, Fast Casual, Food, Dining, Rhode Island, Cooking","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/26\/applebees-autistic-employee\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F26%2Fapplebees-autistic-employee%2F","shortlink":"http:\/\/for.tn\/1MPjzAv","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1MPjzAv","encoded_title":"Applebee%E2%80%99s+to+pay+autistic+cook+who+didn%E2%80%99t+receive+money+for+work","twitter_text":"Applebee\u0027s to pay autistic cook who didn\u0027t receive money for work","twitter_via":"FORTUNE","facebook_desc":"He\u0027ll be paid for all 480 hours.","facebook_title":"Applebee\u0027s To Pay Autistic Cook Who Didn\u0027t Receive Money For Work"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23873,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1389111-0","in-article-ad-1389111-1","in-article-ad-1389111-2"]},{"id":1385319,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/23\/mcdonalds-earnings-peak-burger\/","title":"McDonald\u0027s earnings: Does the company think we\u0027ve reached peak burger?","content":"\u003Cp\u003EWhere\u0026#8217;s the beef? McDonald\u2019s is the biggest burger restaurant in the world, but you wouldn\u0026#8217;t have known it from its third-quarter earnings call yesterday. Executives at the fast food giant uttered the b-word a mere six times. Two of the mentions came at the beginning and end of the call when CEO Steve Easterbrook repeated that the company was repositioning itself to be a \u201cmodern, progressive burger company.\u201d By comparison, the execs referred to breakfast 17 times and chicken eight times.\u003C\/p\u003E\n\u003Cp\u003EThe rare mention of the iconic product that has long defined McDonald\u2019s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MCD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/mcd\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMCD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is a sign that being a \u201cmodern, progressive burger company\u201d might means focusing a lot of attention on\u0026#8230;other things.\u003C\/p\u003E\n\u003Cp\u003E\u201cI think you\u2019re going to see them become more and more about other things and less about burgers and fries,\u201d says Edward Jones analyst Jack Russo. \u201cThey want to be seen as giving people choice and being more healthy.\u201d\u003C\/p\u003E\n\u003Cp\u003EIf you look at the numbers, it\u2019s clear why. The U.S. public may be burgered-out. There are 50,000 burger restaurants in the U.S.\u2014that\u2019s one for every 6,300 people, according to industry analyst Aaron Allen, who says that Americans eat 46 hamburgers a year on average. Of all the sandwiches sold in the U.S., he says three out of every five are burgers, and more than two-thirds of all the beef we consume comes in the form of a patty on a bun.\u003C\/p\u003E\n\u003Cp\u003EOf course, there\u0026#8217;s been a surge in at least one category: the ballooning \u201cbetter burger\u201d segment. Allen found that some 50 national chains\u2014from Shake Shack to Five Guys to Smashburger\u2014have plans to expand, which will add thousands of locations in the coming years. And the proliferation is not just at burger joints. Darren Tristano of industry research firm Technomic says that the burger is also popping up in unexpected places, such as on Olive Garden\u2019s menu or integrated into tacos.\u003C\/p\u003E\n\u003Cp\u003EBut the pace of growth of the better burger segment is not in line with the growth of burger consumption, which Allen says lags behind population growth. We are already one of the top beef-eating countries in the world. How much more beef can we stomach?\u003C\/p\u003E\n\u003Cp\u003E\u201cThe only growth is coming from cannibalization,\u201d Allen says. \u201cWe\u2019ve capped out on the number of burgers we can eat. They\u2019re really just swapping dollars.\u201d He thinks McDonald\u2019s has taken the biggest hit, noting that if you look at the growth of units added in fast-casual hamburger restaurants in the last three years, that\u2019s approximately equivalent to the number of locations McDonald\u2019s has closed.\u003C\/p\u003E\n\u003Cp\u003EThe fast-growing chicken sandwich is giving the hamburger a run for its money. According to research firm NPD Group\u0026#8217;s Harry Balzer, 2044 will be the year the number of chicken sandwiches consumed at lunch at all chains will surpass burgers for the first time. \u0026#8220;Hamburgers are not on a growth cycle,\u0026#8221; Balzer says, \u0026#8220;but they\u0026#8217;ve got a place in our lives.\u0026#8221; He says that the chicken sandwich is not cannibalizing from hamburgers; instead it\u0026#8217;s a change in how we eat chicken.\u003C\/p\u003E\n\u003Cp\u003EAllen, who has done an analysis of McDonald\u2019s menu, says there are now more chicken-related items than anything else on the its menu, and McDonald\u0026#8217;s now sells more chicken than beef.\u003C\/p\u003E\n\u003Cp\u003EIt makes sense if McDonald\u0026#8217;s wants to go whole hog on chicken. But McDonald\u0026#8217;s can\u0026#8217;t forget its roots. As \u003Cem\u003EFortune\u003C\/em\u003E noted last year in a \u003Ca href=\u0022http:\/\/fortune.com\/2014\/11\/12\/can-mcdonalds-get-its-mojo-back\/\u0022\u003Estory detailing McDonald\u0026#8217;s woes\u003C\/a\u003E, the company has a perception problem when it comes to quality:\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EA survey in Consumer Reports showed that McDonald\u2019s customers ranked its burgers significantly below those of 20 competitors. It also had the lowest rank in food quality of all rated hamburger chains in the Nation\u2019s Restaurant News 2014 Consumer Picks survey. Worse, McDonald\u2019s ratings among diners put the chain at No. 104\u2014on a list of 105 restaurants without table service. (Only Chuck E. Cheese\u2019s scored lower.)\u003Cbr \/\u003E\n\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EWhether it likes it or not and no matter how much chicken it sells, McDonald\u0026#8217;s will always be known first and foremost for the hamburger. That doesn\u0026#8217;t mean it has to compete with the better burger chains. It just needs to convince consumers that its burger has gotten better.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00227\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4536002757001-7\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224536002757001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1OMNwal\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/retail_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbreakfast%2Cbreakfastmenu%2Cfastfood%2Cfood%2Cfoodnews%2Chashbrowns%2Cmcdonaldsmenu%2Cmcdonalds%2Cmcmuffin%2Ctacobell%26ch%3Dretail%26topic%3D\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"October 23, 2015","published":"2015-10-23 05:15:44","updated":"2015-10-23 05:15:44","minute":"5:15 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/23\/mcdonalds-earnings-peak-burger\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/23\/mcdonalds-earnings-peak-burger\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/23\/mcdonalds-earnings-peak-burger\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/05\/451616280.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Justin Sullivan \u2014 Getty Images","caption":"","attach_id":"1125739"},"excerpt":"\u003Cp\u003EThe company\u0026#8217;s executives seem to have other products on their mind, if yesterday\u0026#8217;s analyst call was any indication.\u003C\/p\u003E\n","authors":[{"id":"381326","url":"http:\/\/fortune.com\/author\/beth-kowitt\/","name":"Beth Kowitt","twitter":"bethkowitt","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026w=150",150,150,true],"bio":"Beth Kowitt is a writer at Fortune Magazine","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46735,"taxonomy":"category","description":"News and updates on the retail sector, including companies like Wal-Mart, Target, Costco, Sears, Home Depot, and other places to shop.","parent":0,"count":3716,"filter":"raw"}],"section":{"name":"Retail","slug":"retail","url":"http:\/\/fortune.com\/retail\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":594795,"name":"chicken sandwich","slug":"chicken-sandwich","term_group":0,"term_taxonomy_id":142828,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":6026,"name":"fast food","slug":"fast-food","term_group":0,"term_taxonomy_id":51416,"taxonomy":"post_tag","description":"","parent":0,"count":184,"filter":"raw"},{"term_id":198836,"name":"hamburger","slug":"hamburger","term_group":0,"term_taxonomy_id":120566,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":18332,"name":"mcdonalds","slug":"mcdonalds","term_group":0,"term_taxonomy_id":54783,"taxonomy":"post_tag","description":"","parent":0,"count":205,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"fast food","slug":"fast-food","url":"http:\/\/fortune.com\/tag\/fast-food\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The company\u0026#8217;s executives seem to have other products on their mind, if yesterday\u0026#8217;s analyst call was any indication.","seo":{"seo_title":"McDonald\u0027s Earnings Point to \u0027Peak Burger\u0027 Across Food Industry","seo_description":"McDonald\u0027s scant mention of burgers during its earnings call may be a sign that we\u0027ve reached peak burger.","seo_keywords":"McDonald\u0027s, peak burger, earnings, Steve Easterbrook, hamburger, chicken sandwich","seo_news_keywords":"McDonald\u0027s, peak burger, earnings, Steve Easterbrook, hamburger, chicken sandwich","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/23\/mcdonalds-earnings-peak-burger\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F23%2Fmcdonalds-earnings-peak-burger%2F","shortlink":"http:\/\/for.tn\/1OMNwal","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1OMNwal","encoded_title":"McDonald%E2%80%99s+earnings%3A+Does+the+company+think+we%E2%80%99ve+reached+peak+burger%3F","twitter_text":"McDonald\u2019s earnings: Does the company think we\u2019ve reached peak burger?","twitter_via":"FORTUNE","facebook_desc":"McDonald\u0027s scant mention of burgers during its earnings call may be a sign that we\u0027ve reached peak burger.","facebook_title":"McDonald\u0027s Earnings Point to \u0027Peak Burger\u0027 Across Food Industry"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23853,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1385319-0","in-article-ad-1385319-1","in-article-ad-1385319-2"]}]},"id":1403716,"ad":{"type":"ad"},"button_ads":true},"in_article_ad_id":["in-article-ad-1403716-0"]},{"id":1396050,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/liberal-media\/","title":"Conservatives Are Right: The Media Is Very Liberal","content":"\u003Cp\u003EThe biggest loser of CNBC\u0026#8217;s Republican Presidential debate last week was the news media. Ted Cruz got the loudest applause of the night when he slammed the moderators for asking questions he considered anti-Republican, \u003Ca href=\u0022http:\/\/www.realclearpolitics.com\/video\/2015\/10\/28\/cruz_rips_press_at_cnbc_debate_this_debate_illustrates_why_we_can_not_trust_the_media.html\u0022\u003Esaying\u003C\/a\u003E, \u0026#8220;The questions asked in this debate illustrate why the American people don\u0026#8217;t trust the media.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThe line thrilled conservatives, as Republican pollster Frank Luntz described on Twitter:\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003ETed Cruz\u0026#39;s focus group dials hits 98 with his attack on media bias. \ud83d\udcc8\u0026#10;\u0026#10;That\u0026#39;s the highest score we\u0026#39;ve ever measured. EVER.   \u003Ca href=\u0022https:\/\/twitter.com\/hashtag\/GOPDebate?src=hash\u0022\u003E#GOPDebate\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; Frank Luntz (@FrankLuntz) \u003Ca href=\u0022https:\/\/twitter.com\/FrankLuntz\/status\/659532219069763584\u0022\u003EOctober 29, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cp\u003EAnd the thing is, conservatives have a point. \u003Ca href=\u0022http:\/\/freakonomics.com\/2012\/02\/16\/how-biased-is-your-media\/\u0022\u003EStudy after study\u003C\/a\u003E has shown that the mainstream media leans left, and that, \u003Ca href=\u0022http:\/\/www.sscnet.ucla.edu\/polisci\/faculty\/groseclose\/Media.Bias.8.htm\u0022\u003Eas economists Tim Groseclose and Jeff Milyo have written\u003C\/a\u003E, \u0026#8220;an almost overwhelming fraction of journalists are liberal.\u0026#8221; The extent of this bias, of course, depends on what your definitions of liberal and conservative. And the media has other, arguably more important, biases: towards controversy and producing content that is profitable. But it is safe to say that the median journalist in America is to the left of the median American voter, and that this affects how the news is presented to the public.\u003C\/p\u003E\n\u003Cp\u003EIf the story ended there, this would be a winning talking point for the Republican Party. And you would think that if there\u0026#8217;s demand for more conservative media, the free market would provide it. The problem is the free market doesn\u0026#8217;t work like members of the Republican orthodoxy claim.\u003C\/p\u003E\n\u003Cp\u003EBack in 1971, Edith Efron outlined the pervasive bias of liberalism in the news media in her book \u003Cem\u003EThe News Twisters. \u003C\/em\u003EIn the nearly 45 years since then, not much has changed. Yes, we have seen the rise of Fox News, America\u0026#8217;s most watched cable news network. And there has been a proliferation of small conservative websites. But most Americans \u003Ca href=\u0022http:\/\/www.americanpressinstitute.org\/publications\/reports\/survey-research\/how-americans-get-news\/\u0022\u003Estill get their news from television\u003C\/a\u003E, and the ratings of network news broadcasts\u2014the same organizations that conservatives claim have been biased for decades\u2014\u003Ca href=\u0022http:\/\/www.orlandosentinel.com\/entertainment\/tv\/tv-guy\/os-nbc-abc-fox-news-ratings-winners-20150224-post.html\u0022\u003Etriple the ratings of even Fox\u0026#8217;s most popular programs\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EThis state of affairs is very distressing to conservatives, who, along with independents, \u003Ca href=\u0022https:\/\/www.washingtonpost.com\/news\/the-fix\/wp\/2015\/10\/29\/the-conservative-war-on-the-mainstream-media-hit-a-new-phase-at-the-gop-debate\/?postshare=4901446129016897\u0022\u003Eincreasingly distrust the news media\u003C\/a\u003E. So why hasn\u0026#8217;t the free market corrected this imbalance between the demand for conservative news and the supply? It\u0026#8217;s because economic outcomes are driven by much more than supply and demand. Institutions, rules, and power matter just as much as what consumers demand.\u003C\/p\u003E\n\u003Cp\u003ELegacy news organizations like NBC News or the New York Times have brand recognition and resources that no news startup can realistically compete with. But even with these barriers, one would think that the power of the Internet and strong demand for news reported from a conservative viewpoint would have helped create a conservative news complex that could rival the liberal version in size and influence.\u003C\/p\u003E\n\u003Cp\u003EBut free-market fundamentalists overlook the fact that power dynamics matter a great deal in the marketplace. When economist Daniel Sutter \u003Ca href=\u0022http:\/\/citeseerx.ist.psu.edu\/viewdoc\/download?doi=10.1.1.500.6081\u0026amp;rep=rep1\u0026amp;type=pdf\u0022\u003Eexamined the question\u003C\/a\u003E of how a liberal media can persist in a free market, his most convincing explanation was that journalists themselves, and the type of person who aspires to journalism, are almost uniformly of a liberal disposition. \u0026#8220;People with the talent, temperament, and personality to be journalists might also be inclined toward liberal political causes,\u0026#8221; he writes.\u003C\/p\u003E\n\u003Cp\u003EOf course, a profit-maximizing media executive might simply try to force his employees to set aside their biases and produce news that is congenial to the views of median voters. But this is why power dynamics in the market for journalists is so important. Despite severe job cuts in traditional media organizations like newspapers, the demand for college educated workers who can write and otherwise communicate on the Internet is strong. The hyper-educated media elite are trading the better pay they might fetch in corporate communications (for example) for the prestige of journalism work. If managers of media companies tried to force these workers to produce content that robs them of the benefits of working in journalism, they\u0026#8217;ll simply find work elsewhere.\u003C\/p\u003E\n\u003Cp\u003ELiberals recognize that power plays a big role in all kinds of markets. That\u0026#8217;s why they advocate for rules that prevent discrimination against workers based on race, gender, or sexual orientation. It\u0026#8217;s how liberals explain \u003Ca href=\u0022http:\/\/www.pewresearch.org\/fact-tank\/2015\/04\/14\/on-equal-pay-day-everything-you-need-to-know-about-the-gender-pay-gap\/\u0022\u003Ethe gap in pay\u003C\/a\u003E between men and women for the same kind of work. And it\u0026#8217;s why liberals advocate for laws that strengthen unions as a means to raise wages for low and middle-skilled workers.\u003C\/p\u003E\n\u003Cp\u003EThat doesn\u0026#8217;t mean the solutions proposed by the left can necessarily solve the problems caused by skewed power dynamics in media. But the persistent existence of a liberal media bias should open up conservatives\u0026#8217; eyes to the fact that they exist.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 03:22:49","updated":"2015-11-02 03:22:49","minute":"3:22 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/liberal-media\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/liberal-media\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/liberal-media\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/gettyimages-495006564.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by David A. Grogan \u2014 CNBC via Getty Images","caption":"Ted Cruz speaks at a CNBC-moderated debate in October, 2015.","attach_id":"1403083"},"excerpt":"\u003Cp\u003EThe trend offers a very important lesson about free markets. \u003C\/p\u003E\n","authors":[{"id":"348221","url":"http:\/\/fortune.com\/author\/chris-matthews\/","name":"Chris Matthews","twitter":"crobmatthews","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/chris-matthews-7811.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Chris Matthews headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/chris-matthews-7811.jpg?quality=80\u0026w=150",150,150,true],"bio":"Chris Matthews is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10276,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":103515,"name":"bias","slug":"bias","term_group":0,"term_taxonomy_id":123197,"taxonomy":"post_tag","description":"","parent":0,"count":8,"filter":"raw"},{"term_id":36240501,"name":"CNBC","slug":"cnbc-2","term_group":0,"term_taxonomy_id":120144,"taxonomy":"post_tag","description":"","parent":0,"count":23,"filter":"raw"},{"term_id":12634,"name":"Debate","slug":"debate","term_group":0,"term_taxonomy_id":117019,"taxonomy":"post_tag","description":"","parent":0,"count":8,"filter":"raw"},{"term_id":189091,"name":"Donald Trump","slug":"donald-trump","term_group":0,"term_taxonomy_id":112200,"taxonomy":"post_tag","description":"","parent":0,"count":303,"filter":"raw"},{"term_id":1059016,"name":"GOP Debate","slug":"gop-debate","term_group":0,"term_taxonomy_id":139903,"taxonomy":"post_tag","description":"","parent":0,"count":59,"filter":"raw"},{"term_id":199607,"name":"liberal media","slug":"liberal-media","term_group":0,"term_taxonomy_id":153565,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":135998,"name":"presidential race","slug":"presidential-race","term_group":0,"term_taxonomy_id":123727,"taxonomy":"post_tag","description":"","parent":0,"count":24,"filter":"raw"},{"term_id":3452,"name":"Republicans","slug":"republicans","term_group":0,"term_taxonomy_id":47147,"taxonomy":"post_tag","description":"","parent":0,"count":62,"filter":"raw"},{"term_id":5723864,"name":"Ted Cruz","slug":"ted-cruz","term_group":0,"term_taxonomy_id":119603,"taxonomy":"post_tag","description":"","parent":0,"count":24,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"GOP Debate","slug":"gop-debate","url":"http:\/\/fortune.com\/tag\/gop-debate\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The trend offers a very important lesson about free markets.","seo":{"seo_title":"Conservatives are right: The news media is very liberal","seo_description":"You would think that if there\u0027s demand for more conservative media, the free market would provide it. Here\u0027s why that\u0027s not happening.","seo_keywords":"GOP debate, cnbc, republicans, ted cruz, donald trump, presidential race, debate, liberal media, bias","seo_news_keywords":"GOP debate, cnbc, republicans, ted cruz, donald trump, presidential race, debate, liberal media, bias","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/liberal-media\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fliberal-media%2F","shortlink":"http:\/\/for.tn\/1PWxZUx","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1PWxZUx","encoded_title":"Conservatives+Are+Right%3A+The+Media+Is+Very+Liberal","twitter_text":"Conservatives are right. The news media is very liberal","twitter_via":"FORTUNE","facebook_desc":"The trend offers a very important lesson about free markets.","facebook_title":"Conservatives Are Right. The News Media is Very Liberal"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23913,"filter":"raw"},"related_posts":[{"id":1401680,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/01\/glenn-beck-moderate-debate\/","title":"Glenn Beck website says Glenn Beck could moderate upcoming GOP debate","content":"\u003Cp\u003EGlenn Beck\u0026#8217;s website has a suggestion for who would be the best choice to moderate an upcoming Republican debate: Glenn Beck.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/www.theblaze.com\/stories\/2015\/10\/30\/exclusive-after-cnbc-debate-backlash-gop-campaign-official-claims-candidates-are-floating-glenn-beck-as-possible-alternative-moderator\/\u0022\u003ETheBlaze reported that an\u003C\/a\u003E official associated with one of the Republican presidential campaigns claims that Glenn Beck\u0026#8217;s name is being considered as a moderator for one of the upcoming Republican debates. The website did not name the source. And it labeled the story an \u0026#8220;exclusive.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003ETheBlaze writes that Beck would make for a good moderator because he is a \u0026#8220;fair reviewer,\u0026#8221; though this in itself might not be a fair review considering the publication is owned and operated by The Blaze Inc., a \u003Ca href=\u0022http:\/\/www.bloomberg.com\/research\/stocks\/private\/snapshot.asp?privcapid=232699699\u0022 target=\u0022_blank\u0022\u003Eprivate company\u003C\/a\u003E founded in 2011 by none other than Glenn Beck.\u003C\/p\u003E\n\u003Cp\u003EThe last GOP debate was hosted by CNBC. \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/fox-cnbc-republican-debate\/\u0022 target=\u0022_blank\u0022\u003EThe moderators\u0026#8217; performance\u003C\/a\u003E was disastrous to a point that it provoked the chairman of the Republican National Committee, Reince Priebus, to write \u003Ca href=\u0022https:\/\/gop.com\/nbc-letter\/?\u0022 target=\u0022_blank\u0022\u003Ea letter to NBC\u003C\/a\u003E suspending their partnership. CNBC was set to host another Republican debate in February, but the RNC was so unimpressed with the moderators\u0026#8217; \u0026#8220;gotcha\u0026#8221; questioning that the committee is discussing replacements. That\u0026#8217;s what may open the door for Beck, which his own website thinks would be a great choice.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2013\/05\/06\/exclusive-glenn-becks-company-makes-how-much\/\u0022 target=\u0022_blank\u0022\u003ETheBlaze\u003C\/a\u003E writes that at least three presidential campaigns would support Beck as a moderator \u2014 Donald Trump, Ted Cruz, and Jim Gilmore. It goes on to say that he is liked both \u0026#8220;in and out of the Tea Party,\u0026#8221; and certainly at his own website.\u003C\/p\u003E\n\u003Cp\u003EBeck \u003Ca href=\u0022http:\/\/www.dailykos.com\/story\/2015\/03\/19\/1371883\/-Glenn-Beck-leaves-the-Republican-Party-I-am-done#\u0022\u003Edisengaged from the Republican party earlier this year\u003C\/a\u003E, declaring he hates Republicans and \u0026#8220;they are as much of a problem as the other side,\u0026#8221; which would be an interesting talking point in the next debate, but probably not a comment that is going to win Beck the moderator job.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002217\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4585725784001-17\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam 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stand on stage for third Republican debate.","attach_id":"1396742"},"excerpt":"\u003Cp\u003EThe TV personality who declared he hates Republicans wants to moderate their debate.\u003C\/p\u003E\n","authors":[{"id":91530089,"url":"http:\/\/fortune.com\/author\/michaladdady\/","name":"Michal Addady","twitter":"","gplus":"","email":"michal.addady@timeinc.com","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10270,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power 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News.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/gop.com\/nbc-letter\/\u0022\u003EIn a letter addressed to NBC News Chairman Andrew Lack\u003C\/a\u003E, Priebus wrote that the CNBC debate was, \u0026#8220;conducted in bad faith,\u0026#8221; and that the campaigns vying for the Republican nomination were so upset by the network\u0026#8217;s performance that, \u0026#8220;We simply cannot continue with [the planned NBC debate without full consultation with our campaigns.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EAs Fortune editor Alan Murray wrote in \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/gop-debate-winner\/\u0022\u003Ehis review of the debate,\u003C\/a\u003E Senator Ted Cruz was applauded for using some of his response time to attack \u0026#8220;the CNBC moderators for biased questioning \u2013 a sentiment the other candidates, the audience, and virtually everyone on Twitter who wasn\u2019t in the employ of a Democrat seemed to agree with.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EPriebus agreed with this assessment, writing:\u003C\/p\u003E\n\u003Cblockquote\u003E\u003Cp\u003ECNBC billed the debate as one that would focus on \u201cthe key issues that matter to all voters\u2014job growth, taxes, technology, retirement and the health of our national economy.\u201d That was not the case. Before the debate, the candidates were promised an opening question on economic or financial matters. That was not the case. Candidates were promised that speaking time would be carefully monitored to ensure fairness. That was not the case. Questions were inaccurate or downright offensive. The first question directed to one of our candidates asked if he was running a comic book version of a presidential campaign, hardly in the spirit of how the debate was billed.\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/www.politico.com\/story\/2015\/10\/gop-campaigns-rnc-debates-215371#ixzz3q4YciGVf\u0022\u003EBut a report Friday in Politico \u003C\/a\u003Esuggests that some Republican campaigns are equally angry with Reince Priebus and the RNC as they are with CNBC moderators. \u0026#8220;Republican presidential campaigns are planning to gather in Washington, D.C., on Sunday evening to plot how to alter their party\u2019s messy debate process \u2014 and how to remove power from the hands of the Republican National Committee, according to the report.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Cstrong\u003EUpdate\u003C\/strong\u003E\u003C\/em\u003E: NBC issued a response to the GOP\u003C\/p\u003E\n\u003Cblockquote\u003E\u003Cp\u003EThis is a disappointing development. 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full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/fiorina-hillary-worst-nightmare\/","title":"Carly Fiorina: \u0027I am Hillary Clinton\u2019s worst nightmare\u0027","content":"\u003Cp\u003ECarly Fiorina, who has been pushing herself as the Republican foil to top Democratic contender for President Hillary Clinton, upped the rhetoric at the third GOP debate Wednesday night.\u003C\/p\u003E\n\u003Cp\u003EFiorina, formerly the CEO of Hewlett-Packard \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022HPQ\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/hpq\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EHPQ\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, said during her closing statement that Clinton should watch out.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;What we need now is a proven leader who has produced results,\u0026#8221; she said. \u0026#8220;That\u2019s how you go from secretary to CEO: You lead and you produce results. I may not be your dream candidate, just yet, but I can assure you: I am Hillary Clinton\u2019s worst nightmare.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;In your heart of hearts,\u0026#8221; she added, \u0026#8220;you cannot wait to see a debate between Hillary Clinton and Carly Fiorina.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EFiorina has been harshly criticized for her leadership at HP, \u003Ca href=\u0022http:\/\/fortune.com\/2015\/08\/14\/carly-fiorina-president-2\/\u0022 target=\u0022_blank\u0022\u003Ewhich you can read about in this August article from \u003Cem\u003EFortune\u003C\/em\u003E.\u003C\/a\u003E She appeared on \u003Cem\u003EThe Tonight Show\u003C\/em\u003E in September \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/22\/carly-fiorina-hewlett-packard-latest-defense\/\u0022 target=\u0022_blank\u0022\u003Eto defend her record\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 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And it labeled the story an \u0026#8220;exclusive.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003ETheBlaze writes that Beck would make for a good moderator because he is a \u0026#8220;fair reviewer,\u0026#8221; though this in itself might not be a fair review considering the publication is owned and operated by The Blaze Inc., a \u003Ca href=\u0022http:\/\/www.bloomberg.com\/research\/stocks\/private\/snapshot.asp?privcapid=232699699\u0022 target=\u0022_blank\u0022\u003Eprivate company\u003C\/a\u003E founded in 2011 by none other than Glenn Beck.\u003C\/p\u003E\n\u003Cp\u003EThe last GOP debate was hosted by CNBC. \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/fox-cnbc-republican-debate\/\u0022 target=\u0022_blank\u0022\u003EThe moderators\u0026#8217; performance\u003C\/a\u003E was disastrous to a point that it provoked the chairman of the Republican National Committee, Reince Priebus, to write \u003Ca href=\u0022https:\/\/gop.com\/nbc-letter\/?\u0022 target=\u0022_blank\u0022\u003Ea letter to NBC\u003C\/a\u003E suspending their partnership. CNBC was set to host another Republican debate in February, but the RNC was so unimpressed with the moderators\u0026#8217; \u0026#8220;gotcha\u0026#8221; questioning that the committee is discussing replacements. That\u0026#8217;s what may open the door for Beck, which his own website thinks would be a great choice.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2013\/05\/06\/exclusive-glenn-becks-company-makes-how-much\/\u0022 target=\u0022_blank\u0022\u003ETheBlaze\u003C\/a\u003E writes that at least three presidential campaigns would support Beck as a moderator \u2014 Donald Trump, Ted Cruz, and Jim Gilmore. It goes on to say that he is liked both \u0026#8220;in and out of the Tea Party,\u0026#8221; and certainly at his own website.\u003C\/p\u003E\n\u003Cp\u003EBeck \u003Ca href=\u0022http:\/\/www.dailykos.com\/story\/2015\/03\/19\/1371883\/-Glenn-Beck-leaves-the-Republican-Party-I-am-done#\u0022\u003Edisengaged from the Republican party earlier this year\u003C\/a\u003E, declaring he hates Republicans and \u0026#8220;they are as much of a problem as the other side,\u0026#8221; which would be an interesting talking point in the next debate, but probably not a comment that is going to win Beck the moderator job.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00221\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4585725784001-1\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam 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News.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/gop.com\/nbc-letter\/\u0022\u003EIn a letter addressed to NBC News Chairman Andrew Lack\u003C\/a\u003E, Priebus wrote that the CNBC debate was, \u0026#8220;conducted in bad faith,\u0026#8221; and that the campaigns vying for the Republican nomination were so upset by the network\u0026#8217;s performance that, \u0026#8220;We simply cannot continue with [the planned NBC debate without full consultation with our campaigns.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EAs Fortune editor Alan Murray wrote in \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/gop-debate-winner\/\u0022\u003Ehis review of the debate,\u003C\/a\u003E Senator Ted Cruz was applauded for using some of his response time to attack \u0026#8220;the CNBC moderators for biased questioning \u2013 a sentiment the other candidates, the audience, and virtually everyone on Twitter who wasn\u2019t in the employ of a Democrat seemed to agree 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Before the debate, the candidates were promised an opening question on economic or financial matters. That was not the case. Candidates were promised that speaking time would be carefully monitored to ensure fairness. That was not the case. Questions were inaccurate or downright offensive. 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href=\u0022http:\/\/fortune.com\/2015\/10\/27\/walgreens-rite-aid\/\u0022\u003Edrugstore behemoth\u003C\/a\u003E with 12,600 U.S. retail locations, easily dwarfing the 8,000 locations of CVS Health\u0026#8217;s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CVS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cvs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECVS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E network. If Walgreens did shut 1,000 of its own or Rite Aid\u0026#8217;s stores, that would be 8% of its total store count. (CVS will operate nearly 10,000 locations once \u003Ca href=\u0022http:\/\/fortune.com\/2015\/06\/15\/target-cvshealth\/\u0022\u003Eits acquisition\u003C\/a\u003E of Target\u0026#8217;s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TGT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tgt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETGT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E pharmacy is completed.) However, in a presentation to investors Walgreens filed with U.S. regulators on Monday, the company said it did not expect the closings to \u003Ca href=\u0022http:\/\/www.sec.gov\/Archives\/edgar\/data\/1618921\/000119312515361282\/d208289dex991.htm\u0022\u003Eexceed half\u003C\/a\u003E that amount, or 500 stores.\u003C\/p\u003E\n\u003Cp\u003EIt would be challenging for Walgreens to find buyers for those stores. After Walgreens, CVS, and Rite Aid, there are no national players in what is a fragmented retail drugstore market. And selling hundreds of stores to chains could become labor intensive if Walgreens has to deal with small, local buyers.\u003C\/p\u003E\n\u003Cp\u003EAccording to Bloomberg Intelligence, there are some 70,000 pharmacies in the U.S., and Walgreens, CVS, and Rite Aid control a third of the market. And given that Rite Aid is more concentrated in some regions while Walgreens is truly national, antitrust regulators are likely to look at divestitures on a market by market basis.\u003C\/p\u003E\n\u003Cp\u003EWalgreens said it expects its acquisition of Rite Aid to close sometime in the second half of 2016.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 03:19:47","updated":"2015-11-02 03:19:47","minute":"3:19 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/walgreens-store-closings\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/walgreens-store-closings\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/walgreens-store-closings\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Walgreens May Need to Close 1,000 Stores","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2014\/06\/136014761-1.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Paul Taggart \u2014 Bloomberg\/Getty Images","caption":"","attach_id":"722319"},"excerpt":"\u003Cp\u003EU.S. regulators have antitrust concerns.\u003C\/p\u003E\n","authors":[{"id":"345187","url":"http:\/\/fortune.com\/author\/phil-wahba\/","name":"Phil Wahba","twitter":"philwahba","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/phil-wahba-146.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Phil Wahba\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/phil-wahba-146.jpg?quality=80\u0026w=150",150,150,true],"bio":"Phil Wahba is a senior writer for Fortune.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46735,"taxonomy":"category","description":"News and updates on the retail sector, including companies like Wal-Mart, Target, Costco, Sears, Home Depot, and other places to shop.","parent":0,"count":3722,"object_id":1403392,"filter":"raw"}],"section":{"name":"Retail","slug":"retail","url":"http:\/\/fortune.com\/retail\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":216404,"name":"Antitrust","slug":"antitrust","term_group":0,"term_taxonomy_id":48072,"taxonomy":"post_tag","description":"","parent":0,"count":76,"object_id":1403392,"filter":"raw"},{"term_id":35603776,"name":"CVS","slug":"cvs-2","term_group":0,"term_taxonomy_id":50187,"taxonomy":"post_tag","description":"","parent":0,"count":24,"object_id":1403392,"filter":"raw"},{"term_id":62468,"name":"mergers","slug":"mergers","term_group":0,"term_taxonomy_id":47013,"taxonomy":"post_tag","description":"","parent":0,"count":48,"object_id":1403392,"filter":"raw"},{"term_id":639763,"name":"Rite Aid","slug":"rite-aid","term_group":0,"term_taxonomy_id":57196,"taxonomy":"post_tag","description":"","parent":0,"count":14,"object_id":1403392,"filter":"raw"},{"term_id":332882,"name":"walgreens","slug":"walgreens","term_group":0,"term_taxonomy_id":114451,"taxonomy":"post_tag","description":"","parent":0,"count":22,"object_id":1403392,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"walgreens","slug":"walgreens","url":"http:\/\/fortune.com\/tag\/walgreens\/"},"f500_tag":false,"paid":false,"paid_excerpt":"U.S. regulators have antitrust concerns.","seo":{"seo_title":"Walgreens Might Shed 1,000 of its Drugstores","seo_description":"Walgreens Boots Alliance said it may have to sell up 1,000 of its stores to get U.S. regulators to sign off on its Rite Aid deal.","seo_keywords":"Walgreens, CVS, drugstores, Rite Aid, mergers, consolidation, stores, closings","seo_news_keywords":"Walgreens, CVS, drugstores, Rite Aid, mergers, consolidation, stores, 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full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/5-things-boj-oil\/","title":"Valeant and Big Oil earnings \u2014 5 things to know today","content":"\u003Cp\u003EHello friends and \u003Cem\u003EFortune\u003C\/em\u003E readers.\u003C\/p\u003E\n\u003Cp\u003EWall Street stock futures are mixed after the Bank of Japan appeared to give up on its attempts to revive the Japanese economy with more quantitative easing (see below). The dollar is lower against the yen but a tad higher against the euro. Crude oil futures are back above $46 a barrel after weak Eurozone inflation data boosted hopes for more stimulus from the European Central Bank.\u003C\/p\u003E\n\u003Cp\u003EToday\u0026#8217;s \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/ziff-davis-vivek-shah\/\u0022 target=\u0022_blank\u0022\u003Emust-read story\u003C\/a\u003E is from \u003Cem\u003EFortune\u003C\/em\u003E\u0026#8216;s Erin Griffith and it looks at how former hobbyist magazine publisher Ziff Davis adopted a digital-only media strategy to survive the death of print media.\u003C\/p\u003E\n\u003Cp\u003EHere\u0026#8217;s what else you need to know to start the day.\u003C\/p\u003E\n\u003Ch4\u003E1. Valeant cuts its ties to pharmacy chain Philidor\u003C\/h4\u003E\n\u003Cp\u003EUnder-fire pharma group Valeant said it\u2019s severing all ties with the controversial pharmacy chain at the heart of \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/26\/valeant-accounting-scandal-questions\/\u0022 target=\u0022_blank\u0022\u003Econcerns about its accounting practices\u003C\/a\u003E. The news comes only four days after it told investors there was nothing wrong with their relationship, and is another blow to a company already under Federal investigation for its aggressive drug pricing policies.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. Bank of Japan stimulus decision\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe Bank of Japan appears to have given up trying to stimulate the Japanese economy. The bank\u0026#8217;s board left its monetary policy settings unchanged at its latest meeting Friday, underlining concerns that loose monetary policy has lost its effectiveness in helping to pull the world economy out of its post-2008 funk.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. Big Oil earnings\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EExxon Mobil \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022XOM\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/xom\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EXOM\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and Chevron \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CVX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cvx\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECVX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, respectively the second- and third-ranked companies on the Fortune 500 and two of the world\u0026#8217;s largest oil firms, both report their latest quarterly earnings today. Neither company is expected to have particularly good news to report, with revenues down across the industry due to low oil prices that continue to fall as global oil supply outweighs demand.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. CVS earnings\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe country\u0026#8217;s second-largest drugstore chain operator is expected to post third-quarter revenue that beats Wall Street\u0026#8217;s forecasts, though CVS\u0026#8217; \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CVS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cvs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECVS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E has warned that its quarterly profit could be hurt by higher generic drug prices as well as the ongoing fallout from the company\u0026#8217;s decision to stop selling tobacco products. Investors may also tune in to see if the company comments on the \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/28\/walgreens-rite-boots-aid-alliance-trust-us-it-will-work\/\u0022 target=\u0022_blank\u0022\u003Erecently-announced combination\u003C\/a\u003E of CVS\u0026#8217; competitors, Walgreens \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WBA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wba\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWBA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and Rite Aid \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022RAD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/rad\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ERAD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E5. Consumer spending data\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EEconomists predict that consumer spending increased slightly in September, up 0.2% after a 0.4% rise in August. Continued spending growth is a sign demand for goods in the U.S. remains solid. Meanwhile, the first look at consumer sentiment in October is also expected to yield an increase.\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u2014 Reuters contributed to this post.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 07:12:28","updated":"2015-10-30 07:12:28","minute":"7:12 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/5-things-boj-oil\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/5-things-boj-oil\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/5-things-boj-oil\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Valeant and Big Oil earnings \u2014 5 things to know today","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-494911834.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Bloomberg Bloomberg via Getty Images","caption":"Your move, Mr. Abe, says Kuroda.","attach_id":"1397917"},"excerpt":"\u003Cp\u003EHere\u0026#8217;s what you need to know to start the day.\u003C\/p\u003E\n","authors":[{"id":"276852","url":"http:\/\/fortune.com\/author\/tom-huddleston-jr\/","name":"Tom Huddleston, Jr.","twitter":"tjhuddle","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026w=150",150,150,true],"bio":"Tom Huddleston, Jr. is a writer for fortune.com","title":"","company":"","is_contributor":"not-contributor"},{"id":"348227","url":"http:\/\/fortune.com\/author\/geoff-smith\/","name":"Geoffrey Smith","twitter":"Geoffreytsmith","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/geoff-smith-6811.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Geoff Smith headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/geoff-smith-6811.jpg?quality=80\u0026w=150",150,150,true],"bio":"Geoffrey Smith is a senior editor at fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":9548,"name":"Features","slug":"features","term_group":0,"term_taxonomy_id":46733,"taxonomy":"category","description":"News and in-depth looks at topics of interest to the Forune audience, with a focus on storytelling and context of the news you need to know.","parent":0,"count":5236,"filter":"raw"}],"section":{"name":"Features","slug":"features","url":"http:\/\/fortune.com\/features\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":789206,"name":"5 things","slug":"5-things","term_group":0,"term_taxonomy_id":113086,"taxonomy":"post_tag","description":"","parent":0,"count":249,"filter":"raw"},{"term_id":296818,"name":"Bank of Japan","slug":"bank-of-japan","term_group":0,"term_taxonomy_id":118467,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":121323507,"name":"bank of japan 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href=\u0022http:\/\/www.wsj.com\/articles\/walgreens-boots-alliance-nears-deal-to-buy-rite-aid-1445964090\u0022 target=\u0022_blank\u0022\u003Edeal\u003C\/a\u003E between the companies was expected to be announced Wednesday, citing people familiar with the matter. Representatives from Walgreens and Rite Aid declined to comment on the rumored deal.\u003C\/p\u003E\n\u003Cp\u003EA Rite Aid \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022RAD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/rad\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ERAD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E takeover bid could value the company close to $10 billion, WSJ reported. The drugstore chain is now worth about $8.85 billion after the big stock market jump in Tuesday afternoon trading. Walgreen \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WBA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wba\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWBA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, the nation\u0026#8217;s second largest drugstore chain after CVS Health \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CVS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cvs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECVS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, is worth a little over $102 billion.\u003C\/p\u003E\n\u003Cp\u003EWalgreens has been on a bit of a shopping spree in recent years, most notably \u003Ca href=\u0022http:\/\/www.chicagotribune.com\/business\/ct-walgreen-completes-merger-0101-biz-20141231-story.html\u0022 target=\u0022_blank\u0022\u003Ecombining\u003C\/a\u003E the U.S. drugstore operations with Europe\u0026#8217;s largest pharmaceutical wholesaler, a massive deal that formed Walgreens Boots Alliance. It has also \u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/SB10001424052702304141204577508520110758742\u0022 target=\u0022_blank\u0022\u003Eacquired\u003C\/a\u003E drugstore chain USA Drug, specialty and mail-service pharmacy operations from BioScrip, Drugstore.com and New York chain Duane Reade.\u003C\/p\u003E\n\u003Cp\u003EAnalysts had speculated that Walgreens could be on the hunt for another acquisition, and Rite Aid was often listed as a potential takeover target.\u003C\/p\u003E\n\u003Cp\u003EA deal for Rite Aid could also raise potential questions about antitrust concerns. The federal government would have to sign off on the combination of 8,240 domestic Walgreens stores with Rite Aid\u0026#8217;s 4,570 locations. CVS operates 7,870. Other notable competitors include big-box retailers like Walmart \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WMT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wmt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWMT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and Target \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TGT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tgt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETGT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, as well as grocery chains that also operate pharmacy counters.\u003C\/p\u003E\n\u003Cp\u003ERite Aid\u0026#8217;s shares have spent the past few years in recovery after a middling performance throughout much of the 2000s. The company\u0026#8217;s 2007 acquisition of the Brooks and Eckerd chains saddled it with debt, resulting in a streak of \u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/SB10001424127887324240804578416353364150198\u0022 target=\u0022_blank\u0022\u003Esix years of losses\u003C\/a\u003E until Rite Aid finally posted a profit in 2013. Rite Aid has posted three profitable years in a row, with revenue totaling $26.5 billion for the most recent fiscal year.\u003C\/p\u003E\n","time":{"pretty":"October 27, 2015","published":"2015-10-27 01:21:36","updated":"2015-10-27 01:21:36","minute":"1:21 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/27\/rite-aid-walgreens-takeover\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/27\/rite-aid-walgreens-takeover\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/27\/rite-aid-walgreens-takeover\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Rite Aid shares soar on rumored Walgreens takeover","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/483578105.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photographer: Patrick T. Fallon\/Bloomberg","caption":"Signage is displayed outside of a Rite Aid Corp. store in Redondo Beach, California, U.S. ","attach_id":"461679"},"excerpt":"\u003Cp\u003EDeal would combine two of the nation\u0026#8217;s largest drugstore chains.\u003C\/p\u003E\n","authors":[{"id":"275462","url":"http:\/\/fortune.com\/author\/john-kell\/","name":"John Kell","twitter":"johnnerkell\u00a0","gplus":"","email":"john.kell@fortune.com","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/john-kell-3691.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 John Kell headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/john-kell-3691.jpg?quality=80\u0026w=150",150,150,true],"bio":"John Kell is a writer for fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46735,"taxonomy":"category","description":"News and updates on the retail sector, including companies like Wal-Mart, Target, Costco, Sears, Home Depot, and other places to shop.","parent":0,"count":3712,"filter":"raw"}],"section":{"name":"Retail","slug":"retail","url":"http:\/\/fortune.com\/retail\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":35603776,"name":"CVS","slug":"cvs-2","term_group":0,"term_taxonomy_id":50187,"taxonomy":"post_tag","description":"","parent":0,"count":23,"filter":"raw"},{"term_id":412656410,"name":"drugstore retailer","slug":"drugstore-retailer","term_group":0,"term_taxonomy_id":153214,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":103613,"name":"Mergers and Acquisitions","slug":"mergers-and-acquisitions","term_group":0,"term_taxonomy_id":46910,"taxonomy":"post_tag","description":"","parent":0,"count":143,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2966,"filter":"raw"},{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46786,"taxonomy":"post_tag","description":"","parent":0,"count":592,"filter":"raw"},{"term_id":639763,"name":"Rite Aid","slug":"rite-aid","term_group":0,"term_taxonomy_id":57196,"taxonomy":"post_tag","description":"","parent":0,"count":13,"filter":"raw"},{"term_id":332882,"name":"walgreens","slug":"walgreens","term_group":0,"term_taxonomy_id":114451,"taxonomy":"post_tag","description":"","parent":0,"count":21,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Rite Aid","slug":"rite-aid","url":"http:\/\/fortune.com\/tag\/rite-aid\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Deal would combine two of the nation\u0026#8217;s largest drugstore chains.","seo":{"seo_title":"Rite Aid Shares Soar on Rumored Walgreens Takeover","seo_description":"Two of the nation\u0027s largest drugstore chains, Walgreens and Rite Aid, are rumored to be close to a multi-billion dollar deal.","seo_keywords":"Rite Aid, Walgreens, CVS, drugstore retailer, retail, mergers and acquisitions","seo_news_keywords":"Rite Aid, Walgreens, CVS, drugstore retailer, retail, mergers and acquisitions","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/27\/rite-aid-walgreens-takeover\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F27%2Frite-aid-walgreens-takeover%2F","shortlink":"http:\/\/for.tn\/1XwN5SR","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1XwN5SR","encoded_title":"Rite+Aid+shares+soar+on+rumored+Walgreens+takeover","twitter_text":"Rite Aid shares soar on rumored Walgreens takeover","twitter_via":"FORTUNE","facebook_desc":"This is a big deal.","facebook_title":"Here\u0027s Why Rite Aid\u0027s Shares Are Soaring"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23858,"filter":"raw"},"related_posts":[]},{"id":1379960,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/22\/why-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations\/","title":"Why Walgreens uses interactive maps plus analytics to evaluate store locations","content":"\u003Cp\u003EGeographic information systems aren\u2019t exactly new. Drugstore chain Walgreens has used the technology for close to 15 years for market planning.\u003C\/p\u003E\n\u003Cp\u003EMore recently, however, the company has endowed that visual information with location-specific data\u2014and published far more broadly, so that store managers and its corporate real estate team can use it for planning.\u003C\/p\u003E\n\u003Cp\u003EThe system, called WalMap, can be used to visualize local community trends. A spike in flu medication prescriptions could help store managers decide earlier to order more vaccine, preventing shortages. Walgreens sales executives can reference trends in supplier conversations. Plus, the interactive maps can be used by the corporate planning team to determine the best place for a new store, based on community demographics, competitor information, and sales trend information. They can even be viewed on an iPad.\u003C\/p\u003E\n\u003Cp\u003E\u201cTen years, our teams had to print out a map and take it with them. Now they can bring their mobile device, and have access to updated sales, demographics and other targeted information,\u201d said Jillian Elder, director of enterprise location intelligence for Walgreens \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WBA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wba\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWBA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E.\u003C\/p\u003E\n\u003Cp\u003EOccasionally the maps serve a higher purpose. Managers in Texas in September were able to help local authorities predict the next targets for a local crime spree. \u201cWith some of our visualizations, we were able to put a stop to this,\u201d Elder said.\u003C\/p\u003E\n\u003Cp\u003EWalgreens turned its maps interactive using the ArcGIS service from GIS company Esri, which has been its GIS partner since 2000.\u003C\/p\u003E\n\u003Cp\u003EThe resource houses millions of maps available to companies that want to overlay proprietary data with the most up-to-data public information about specific locations. There are literally millions of maps published there. Most internal teams have access to basic information; Elder\u2019s team created a special addition specifically for Walgreens\u2019 real estate, strategy, and mergers and acquisition teams.\u003C\/p\u003E\n\u003Cp\u003EAs of the latest FAQ information on its corporate web site, Walgreens generated more than $76 billion in sales last year across more than 8,300 locations across the United States and Puerto Rico.\u003C\/p\u003E\n\u003Cp\u003EF\u003Cem\u003Eor more details on the Walgreens mapping system, check out this video:\u003C\/em\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/HXH3pC1GijQ?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003E\u003Cem\u003EFollow Heather Clancy on Twitter at \u003Ca href=\u0022https:\/\/twitter.com\/GreenTechLady\u0022\u003E@greentechlady\u003C\/a\u003E. Read \u003Ca href=\u0022http:\/\/fortune.com\/author\/heather-clancy\/\u0022\u003Eher \u003C\/a\u003E\u003C\/em\u003E\u003Ca href=\u0022http:\/\/fortune.com\/author\/heather-clancy\/\u0022\u003EFortune\u003C\/a\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/author\/heather-clancy\/\u0022\u003E coverage\u003C\/a\u003E and subscribe via her \u003Ca href=\u0022http:\/\/fortune.com\/author\/heather-clancy\/feed\/\u0022\u003ERSS feed\u003C\/a\u003E. And please \u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022\u003Esubscribe to Data Sheet\u003C\/a\u003E, \u003C\/em\u003EFortune\u003Cem\u003E\u2019s daily newsletter on the business of technology.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"October 22, 2015","published":"2015-10-22 07:00:22","updated":"2015-10-22 07:00:22","minute":"7:00 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/22\/why-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/22\/why-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/22\/why-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Why Walgreens uses interactive maps plus analytics to evaluate store locations","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/walgreens-7.png?w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"","caption":"","attach_id":"1379963"},"excerpt":"\u003Cp\u003EThe $76 billion company is taking its geographic information systems mobile, helping employees answer questions in near real time.\u003C\/p\u003E\n","authors":[{"id":"462565","url":"http:\/\/fortune.com\/author\/heather-clancy\/","name":"Heather Clancy","twitter":"GreenTechLady","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/4-16_fo_heather_clancy_090.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u00220615 FORTUNE  \u0026quot;ONLINE\u0026quot; MICHELE TAYLOR\u0022 \/\u003E","thumbnail_alt":"0615 FORTUNE  \u0022ONLINE\u0022 MICHELE TAYLOR","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/4-16_fo_heather_clancy_090.jpg?quality=80\u0026w=150",150,150,true],"bio":"Heather Clancy is a contributing editor to \u003Cem\u003EFortune\u003C\/em\u003E and the author of Data Sheet, \u003Cem\u003EFortune\u003C\/em\u003E\u0027s daily newsletter about the business of technology.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22100,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":2599263,"name":"digital maps","slug":"digital-maps","term_group":0,"term_taxonomy_id":152391,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":34948458,"name":"Esri","slug":"esri-2","term_group":0,"term_taxonomy_id":152388,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":447003,"name":"geographic information systems","slug":"geographic-information-systems","term_group":0,"term_taxonomy_id":152390,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":18041912,"name":"geosystems","slug":"geosystems","term_group":0,"term_taxonomy_id":152392,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":35085018,"name":"GIS","slug":"gis-2","term_group":0,"term_taxonomy_id":152389,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":332882,"name":"walgreens","slug":"walgreens","term_group":0,"term_taxonomy_id":114451,"taxonomy":"post_tag","description":"","parent":0,"count":21,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"walgreens","slug":"walgreens","url":"http:\/\/fortune.com\/tag\/walgreens\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The $76 billion company is taking its geographic information systems mobile, helping employees answer questions in near real time.","seo":{"seo_title":"Why Walgreens uses interactive maps plus analytics to assess locations","seo_description":"The $76 billion company is taking its geographic information systems mobile, helping employees answer questions in near real time.","seo_keywords":"Walgreens, Esri, GIS, geographic information systems, digital maps, geosystems","seo_news_keywords":"Walgreens, Esri, GIS, geographic information systems, digital maps, geosystems","seo_additional_meta":"Walgreens, Esri, GIS, geographic information systems, digital maps, geosystems"},"social":{"url":"http:\/\/fortune.com\/2015\/10\/22\/why-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F22%2Fwhy-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations%2F","shortlink":"http:\/\/for.tn\/1QTD9PA","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1QTD9PA","encoded_title":"Why+Walgreens+uses+interactive+maps+plus+analytics+to+evaluate+store+locations","twitter_text":"Why Walgreens uses interactive maps plus analytics to evaluate store locations","twitter_via":"FORTUNE","facebook_desc":"The $76 billion company is taking its geographic information systems mobile, helping employees answer questions in near real time.","facebook_title":"Why Walgreens uses interactive maps plus analytics to assess locations"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23904,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1379960-0"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1396829,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/5-things-boj-oil\/","title":"Valeant and Big Oil earnings \u2014 5 things to know today","content":"\u003Cp\u003EHello friends and \u003Cem\u003EFortune\u003C\/em\u003E readers.\u003C\/p\u003E\n\u003Cp\u003EWall Street stock futures are mixed after the Bank of Japan appeared to give up on its attempts to revive the Japanese economy with more quantitative easing (see below). The dollar is lower against the yen but a tad higher against the euro. Crude oil futures are back above $46 a barrel after weak Eurozone inflation data boosted hopes for more stimulus from the European Central Bank.\u003C\/p\u003E\n\u003Cp\u003EToday\u0026#8217;s \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/ziff-davis-vivek-shah\/\u0022 target=\u0022_blank\u0022\u003Emust-read story\u003C\/a\u003E is from \u003Cem\u003EFortune\u003C\/em\u003E\u0026#8216;s Erin Griffith and it looks at how former hobbyist magazine publisher Ziff Davis adopted a digital-only media strategy to survive the death of print media.\u003C\/p\u003E\n\u003Cp\u003EHere\u0026#8217;s what else you need to know to start the day.\u003C\/p\u003E\n\u003Ch4\u003E1. Valeant cuts its ties to pharmacy chain Philidor\u003C\/h4\u003E\n\u003Cp\u003EUnder-fire pharma group Valeant said it\u2019s severing all ties with the controversial pharmacy chain at the heart of \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/26\/valeant-accounting-scandal-questions\/\u0022 target=\u0022_blank\u0022\u003Econcerns about its accounting practices\u003C\/a\u003E. The news comes only four days after it told investors there was nothing wrong with their relationship, and is another blow to a company already under Federal investigation for its aggressive drug pricing policies.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. Bank of Japan stimulus decision\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe Bank of Japan appears to have given up trying to stimulate the Japanese economy. The bank\u0026#8217;s board left its monetary policy settings unchanged at its latest meeting Friday, underlining concerns that loose monetary policy has lost its effectiveness in helping to pull the world economy out of its post-2008 funk.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. Big Oil earnings\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EExxon Mobil \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022XOM\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/xom\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EXOM\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and Chevron \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CVX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cvx\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECVX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, respectively the second- and third-ranked companies on the Fortune 500 and two of the world\u0026#8217;s largest oil firms, both report their latest quarterly earnings today. Neither company is expected to have particularly good news to report, with revenues down across the industry due to low oil prices that continue to fall as global oil supply outweighs demand.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. CVS earnings\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe country\u0026#8217;s second-largest drugstore chain operator is expected to post third-quarter revenue that beats Wall Street\u0026#8217;s forecasts, though CVS\u0026#8217; \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CVS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cvs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECVS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E has warned that its quarterly profit could be hurt by higher generic drug prices as well as the ongoing fallout from the company\u0026#8217;s decision to stop selling tobacco products. Investors may also tune in to see if the company comments on the \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/28\/walgreens-rite-boots-aid-alliance-trust-us-it-will-work\/\u0022 target=\u0022_blank\u0022\u003Erecently-announced combination\u003C\/a\u003E of CVS\u0026#8217; competitors, Walgreens \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WBA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wba\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWBA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and Rite Aid \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022RAD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/rad\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ERAD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E5. Consumer spending data\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EEconomists predict that consumer spending increased slightly in September, up 0.2% after a 0.4% rise in August. Continued spending growth is a sign demand for goods in the U.S. remains solid. Meanwhile, the first look at consumer sentiment in October is also expected to yield an increase.\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u2014 Reuters contributed to this post.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 07:12:28","updated":"2015-10-30 07:12:28","minute":"7:12 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/5-things-boj-oil\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/5-things-boj-oil\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/5-things-boj-oil\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Valeant and Big Oil earnings \u2014 5 things to know today","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-494911834.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Bloomberg Bloomberg via Getty Images","caption":"Your move, Mr. Abe, says Kuroda.","attach_id":"1397917"},"excerpt":"\u003Cp\u003EHere\u0026#8217;s what you need to know to start the day.\u003C\/p\u003E\n","authors":[{"id":"276852","url":"http:\/\/fortune.com\/author\/tom-huddleston-jr\/","name":"Tom Huddleston, Jr.","twitter":"tjhuddle","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026w=150",150,150,true],"bio":"Tom Huddleston, Jr. is a writer for fortune.com","title":"","company":"","is_contributor":"not-contributor"},{"id":"348227","url":"http:\/\/fortune.com\/author\/geoff-smith\/","name":"Geoffrey Smith","twitter":"Geoffreytsmith","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/geoff-smith-6811.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Geoff Smith headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/geoff-smith-6811.jpg?quality=80\u0026w=150",150,150,true],"bio":"Geoffrey Smith is a senior editor at fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":9548,"name":"Features","slug":"features","term_group":0,"term_taxonomy_id":46733,"taxonomy":"category","description":"News and in-depth looks at topics of interest to the Forune audience, with a focus on storytelling and context of the news you need to know.","parent":0,"count":5236,"filter":"raw"}],"section":{"name":"Features","slug":"features","url":"http:\/\/fortune.com\/features\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":789206,"name":"5 things","slug":"5-things","term_group":0,"term_taxonomy_id":113086,"taxonomy":"post_tag","description":"","parent":0,"count":249,"filter":"raw"},{"term_id":296818,"name":"Bank of Japan","slug":"bank-of-japan","term_group":0,"term_taxonomy_id":118467,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":121323507,"name":"bank of japan 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href=\u0022http:\/\/www.wsj.com\/articles\/walgreens-boots-alliance-nears-deal-to-buy-rite-aid-1445964090\u0022 target=\u0022_blank\u0022\u003Edeal\u003C\/a\u003E between the companies was expected to be announced Wednesday, citing people familiar with the matter. Representatives from Walgreens and Rite Aid declined to comment on the rumored deal.\u003C\/p\u003E\n\u003Cp\u003EA Rite Aid \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022RAD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/rad\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ERAD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E takeover bid could value the company close to $10 billion, WSJ reported. The drugstore chain is now worth about $8.85 billion after the big stock market jump in Tuesday afternoon trading. Walgreen \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WBA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wba\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWBA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, the nation\u0026#8217;s second largest drugstore chain after CVS Health \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CVS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cvs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECVS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, is worth a little over $102 billion.\u003C\/p\u003E\n\u003Cp\u003EWalgreens has been on a bit of a shopping spree in recent years, most notably \u003Ca href=\u0022http:\/\/www.chicagotribune.com\/business\/ct-walgreen-completes-merger-0101-biz-20141231-story.html\u0022 target=\u0022_blank\u0022\u003Ecombining\u003C\/a\u003E the U.S. drugstore operations with Europe\u0026#8217;s largest pharmaceutical wholesaler, a massive deal that formed Walgreens Boots Alliance. It has also \u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/SB10001424052702304141204577508520110758742\u0022 target=\u0022_blank\u0022\u003Eacquired\u003C\/a\u003E drugstore chain USA Drug, specialty and mail-service pharmacy operations from BioScrip, Drugstore.com and New York chain Duane Reade.\u003C\/p\u003E\n\u003Cp\u003EAnalysts had speculated that Walgreens could be on the hunt for another acquisition, and Rite Aid was often listed as a potential takeover target.\u003C\/p\u003E\n\u003Cp\u003EA deal for Rite Aid could also raise potential questions about antitrust concerns. The federal government would have to sign off on the combination of 8,240 domestic Walgreens stores with Rite Aid\u0026#8217;s 4,570 locations. CVS operates 7,870. Other notable competitors include big-box retailers like Walmart \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WMT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wmt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWMT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and Target \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TGT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tgt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETGT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, as well as grocery chains that also operate pharmacy counters.\u003C\/p\u003E\n\u003Cp\u003ERite Aid\u0026#8217;s shares have spent the past few years in recovery after a middling performance throughout much of the 2000s. The company\u0026#8217;s 2007 acquisition of the Brooks and Eckerd chains saddled it with debt, resulting in a streak of \u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/SB10001424127887324240804578416353364150198\u0022 target=\u0022_blank\u0022\u003Esix years of losses\u003C\/a\u003E until Rite Aid finally posted a profit in 2013. Rite Aid has posted three profitable years in a row, with revenue totaling $26.5 billion for the most recent fiscal year.\u003C\/p\u003E\n","time":{"pretty":"October 27, 2015","published":"2015-10-27 01:21:36","updated":"2015-10-27 01:21:36","minute":"1:21 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/27\/rite-aid-walgreens-takeover\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/27\/rite-aid-walgreens-takeover\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/27\/rite-aid-walgreens-takeover\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Rite Aid shares soar on rumored Walgreens takeover","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/483578105.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photographer: Patrick T. Fallon\/Bloomberg","caption":"Signage is displayed outside of a Rite Aid Corp. store in Redondo Beach, California, U.S. ","attach_id":"461679"},"excerpt":"\u003Cp\u003EDeal would combine two of the nation\u0026#8217;s largest drugstore chains.\u003C\/p\u003E\n","authors":[{"id":"275462","url":"http:\/\/fortune.com\/author\/john-kell\/","name":"John Kell","twitter":"johnnerkell\u00a0","gplus":"","email":"john.kell@fortune.com","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/john-kell-3691.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 John Kell headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/john-kell-3691.jpg?quality=80\u0026w=150",150,150,true],"bio":"John Kell is a writer for fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46735,"taxonomy":"category","description":"News and updates on the retail sector, including companies like Wal-Mart, Target, Costco, Sears, Home Depot, and other places to shop.","parent":0,"count":3711,"filter":"raw"}],"section":{"name":"Retail","slug":"retail","url":"http:\/\/fortune.com\/retail\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":35603776,"name":"CVS","slug":"cvs-2","term_group":0,"term_taxonomy_id":50187,"taxonomy":"post_tag","description":"","parent":0,"count":23,"filter":"raw"},{"term_id":412656410,"name":"drugstore retailer","slug":"drugstore-retailer","term_group":0,"term_taxonomy_id":153214,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":103613,"name":"Mergers and Acquisitions","slug":"mergers-and-acquisitions","term_group":0,"term_taxonomy_id":46910,"taxonomy":"post_tag","description":"","parent":0,"count":143,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2966,"filter":"raw"},{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46786,"taxonomy":"post_tag","description":"","parent":0,"count":592,"filter":"raw"},{"term_id":639763,"name":"Rite Aid","slug":"rite-aid","term_group":0,"term_taxonomy_id":57196,"taxonomy":"post_tag","description":"","parent":0,"count":13,"filter":"raw"},{"term_id":332882,"name":"walgreens","slug":"walgreens","term_group":0,"term_taxonomy_id":114451,"taxonomy":"post_tag","description":"","parent":0,"count":21,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Rite Aid","slug":"rite-aid","url":"http:\/\/fortune.com\/tag\/rite-aid\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Deal would combine two of the nation\u0026#8217;s largest drugstore chains.","seo":{"seo_title":"Rite Aid Shares Soar on Rumored Walgreens Takeover","seo_description":"Two of the nation\u0027s largest drugstore chains, Walgreens and Rite Aid, are rumored to be close to a multi-billion dollar deal.","seo_keywords":"Rite Aid, Walgreens, CVS, drugstore retailer, retail, mergers and acquisitions","seo_news_keywords":"Rite Aid, Walgreens, CVS, drugstore retailer, retail, mergers and acquisitions","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/27\/rite-aid-walgreens-takeover\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F27%2Frite-aid-walgreens-takeover%2F","shortlink":"http:\/\/for.tn\/1XwN5SR","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1XwN5SR","encoded_title":"Rite+Aid+shares+soar+on+rumored+Walgreens+takeover","twitter_text":"Rite Aid shares soar on rumored Walgreens takeover","twitter_via":"FORTUNE","facebook_desc":"This is a big deal.","facebook_title":"Here\u0027s Why Rite Aid\u0027s Shares Are Soaring"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23906,"filter":"raw"},"related_posts":[]},{"id":1379960,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/22\/why-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations\/","title":"Why Walgreens uses interactive maps plus analytics to evaluate store locations","content":"\u003Cp\u003EGeographic information systems aren\u2019t exactly new. Drugstore chain Walgreens has used the technology for close to 15 years for market planning.\u003C\/p\u003E\n\u003Cp\u003EMore recently, however, the company has endowed that visual information with location-specific data\u2014and published far more broadly, so that store managers and its corporate real estate team can use it for planning.\u003C\/p\u003E\n\u003Cp\u003EThe system, called WalMap, can be used to visualize local community trends. A spike in flu medication prescriptions could help store managers decide earlier to order more vaccine, preventing shortages. Walgreens sales executives can reference trends in supplier conversations. Plus, the interactive maps can be used by the corporate planning team to determine the best place for a new store, based on community demographics, competitor information, and sales trend information. They can even be viewed on an iPad.\u003C\/p\u003E\n\u003Cp\u003E\u201cTen years, our teams had to print out a map and take it with them. Now they can bring their mobile device, and have access to updated sales, demographics and other targeted information,\u201d said Jillian Elder, director of enterprise location intelligence for Walgreens \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WBA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wba\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWBA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E.\u003C\/p\u003E\n\u003Cp\u003EOccasionally the maps serve a higher purpose. Managers in Texas in September were able to help local authorities predict the next targets for a local crime spree. \u201cWith some of our visualizations, we were able to put a stop to this,\u201d Elder said.\u003C\/p\u003E\n\u003Cp\u003EWalgreens turned its maps interactive using the ArcGIS service from GIS company Esri, which has been its GIS partner since 2000.\u003C\/p\u003E\n\u003Cp\u003EThe resource houses millions of maps available to companies that want to overlay proprietary data with the most up-to-data public information about specific locations. There are literally millions of maps published there. Most internal teams have access to basic information; Elder\u2019s team created a special addition specifically for Walgreens\u2019 real estate, strategy, and mergers and acquisition teams.\u003C\/p\u003E\n\u003Cp\u003EAs of the latest FAQ information on its corporate web site, Walgreens generated more than $76 billion in sales last year across more than 8,300 locations across the United States and Puerto Rico.\u003C\/p\u003E\n\u003Cp\u003EF\u003Cem\u003Eor more details on the Walgreens mapping system, check out this video:\u003C\/em\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/HXH3pC1GijQ?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003E\u003Cem\u003EFollow Heather Clancy on Twitter at \u003Ca href=\u0022https:\/\/twitter.com\/GreenTechLady\u0022\u003E@greentechlady\u003C\/a\u003E. Read \u003Ca href=\u0022http:\/\/fortune.com\/author\/heather-clancy\/\u0022\u003Eher \u003C\/a\u003E\u003C\/em\u003E\u003Ca href=\u0022http:\/\/fortune.com\/author\/heather-clancy\/\u0022\u003EFortune\u003C\/a\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/author\/heather-clancy\/\u0022\u003E coverage\u003C\/a\u003E and subscribe via her \u003Ca href=\u0022http:\/\/fortune.com\/author\/heather-clancy\/feed\/\u0022\u003ERSS feed\u003C\/a\u003E. And please \u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022\u003Esubscribe to Data Sheet\u003C\/a\u003E, \u003C\/em\u003EFortune\u003Cem\u003E\u2019s daily newsletter on the business of technology.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"October 22, 2015","published":"2015-10-22 07:00:22","updated":"2015-10-22 07:00:22","minute":"7:00 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/22\/why-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/22\/why-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/22\/why-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Why Walgreens uses interactive maps plus analytics to evaluate store locations","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/walgreens-7.png?w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"","caption":"","attach_id":"1379963"},"excerpt":"\u003Cp\u003EThe $76 billion company is taking its geographic information systems mobile, helping employees answer questions in near real time.\u003C\/p\u003E\n","authors":[{"id":"462565","url":"http:\/\/fortune.com\/author\/heather-clancy\/","name":"Heather Clancy","twitter":"GreenTechLady","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/4-16_fo_heather_clancy_090.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u00220615 FORTUNE  \u0026quot;ONLINE\u0026quot; MICHELE TAYLOR\u0022 \/\u003E","thumbnail_alt":"0615 FORTUNE  \u0022ONLINE\u0022 MICHELE TAYLOR","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/4-16_fo_heather_clancy_090.jpg?quality=80\u0026w=150",150,150,true],"bio":"Heather Clancy is a contributing editor to \u003Cem\u003EFortune\u003C\/em\u003E and the author of Data Sheet, \u003Cem\u003EFortune\u003C\/em\u003E\u0027s daily newsletter about the business of technology.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22075,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":2599263,"name":"digital maps","slug":"digital-maps","term_group":0,"term_taxonomy_id":152391,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":34948458,"name":"Esri","slug":"esri-2","term_group":0,"term_taxonomy_id":152388,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":447003,"name":"geographic information systems","slug":"geographic-information-systems","term_group":0,"term_taxonomy_id":152390,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":18041912,"name":"geosystems","slug":"geosystems","term_group":0,"term_taxonomy_id":152392,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":35085018,"name":"GIS","slug":"gis-2","term_group":0,"term_taxonomy_id":152389,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":332882,"name":"walgreens","slug":"walgreens","term_group":0,"term_taxonomy_id":114451,"taxonomy":"post_tag","description":"","parent":0,"count":21,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"walgreens","slug":"walgreens","url":"http:\/\/fortune.com\/tag\/walgreens\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The $76 billion company is taking its geographic information systems mobile, helping employees answer questions in near real time.","seo":{"seo_title":"Why Walgreens uses interactive maps plus analytics to assess locations","seo_description":"The $76 billion company is taking its geographic information systems mobile, helping employees answer questions in near real time.","seo_keywords":"Walgreens, Esri, GIS, geographic information systems, digital maps, geosystems","seo_news_keywords":"Walgreens, Esri, GIS, geographic information systems, digital maps, geosystems","seo_additional_meta":"Walgreens, Esri, GIS, geographic information systems, digital maps, geosystems"},"social":{"url":"http:\/\/fortune.com\/2015\/10\/22\/why-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F22%2Fwhy-walgreens-uses-interactive-maps-plus-analytics-to-evaluate-store-locations%2F","shortlink":"http:\/\/for.tn\/1QTD9PA","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1QTD9PA","encoded_title":"Why+Walgreens+uses+interactive+maps+plus+analytics+to+evaluate+store+locations","twitter_text":"Why Walgreens uses interactive maps plus analytics to evaluate store locations","twitter_via":"FORTUNE","facebook_desc":"The $76 billion company is taking its geographic information systems mobile, helping employees answer questions in near real time.","facebook_title":"Why Walgreens uses interactive maps plus analytics to assess locations"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23854,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1379960-0"]}]},"id":1403392,"ad":{"type":"ad"},"button_ads":true}},{"id":1402966,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/james-bond-box-office\/","title":"James Bond is Coming to Rescue Hollywood","content":"\u003Cp\u003EAside from people lining up to see Matt Damon marooned on Mars, October was a lousy month for Hollywood. Now that the calendar has turned to November, it may be up to Agent 007 to help revive the U.S. box office.\u003C\/p\u003E\n\u003Cp\u003EThe latest entry in the James Bond film franchise, \u003Cem\u003ESpectre\u003C\/em\u003E, doesn\u0026#8217;t open in the U.S. until Friday, but the film already set records for its U.K. opening last week, when it grossed $80.4 million in the country\u0026#8217;s biggest-ever film debut.\u003C\/p\u003E\n\u003Cp\u003EA big blockbuster opening is exactly what the doctor ordered in the U.S., where October ended with the lowest-grossing weekend box office so far this year at just $74 million in overall domestic ticket sales, \u003Ca href=\u0022http:\/\/www.hollywoodreporter.com\/news\/box-office-october-scare-why-835836\u0022 target=\u0022_blank\u0022\u003Eaccording to The Hollywood Reporter\u003C\/a\u003E. That total included two films starring Oscar winners, Bradley Cooper\u0026#8217;s \u003Cem\u003EBurnt\u003C\/em\u003E and Sandra Bullock\u0026#8217;s \u003Cem\u003EOur Brand Is Crisis\u003C\/em\u003E, which made less than $9 million combined in their domestic box office debuts.\u003C\/p\u003E\n\u003Cp\u003EBut, the scary ticket sales weren\u0026#8217;t confined to Halloween weekend, as the total domestic gross for the entire month of October was just $432.5 million, \u003Ca href=\u0022http:\/\/www.boxofficemojo.com\/monthly\/?view=releasedate\u0026amp;chart=bymonth\u0026amp;month=10\u0026amp;view=releasedate\u0022 target=\u0022_blank\u0022\u003Eaccording to Box Office Mojo\u003C\/a\u003E, which is less than half what Hollywood pulled in during the same month last year.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002220\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4592073500001-20\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224592073500001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1SiV4jE\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/entertainment_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbillbobthorton%2Cboxofficebust%2Cboxoffice%2Cburnt%2Challoweenweekend%2Cmattdamon%2Cmovies%2Courbrandiscrisis%2Csandrabullock%2Cthemartian%2Cticketsales%2Cyoutube%26ch%3Dentertainment%26topic%3Dboxofficebust\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u003Cstrong\u003EJust one bona fide blockbuster\u003Cbr \/\u003E\n\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EOf the films released in October, only Fox\u0026#8217;s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022FOX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/fox\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EFOX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/04\/the-martian-box-office\/\u0022\u003E\u003Cem\u003EThe Martian\u003C\/em\u003E can legitimately be called \u003C\/a\u003Ea blockbuster. The Damon-starring, Ridley Scott space thriller hit theaters the first weekend of October and has gone on to gross more than $425 million worldwide, including $182 million in the U.S. That\u0026#8217;s a great total for a fall release, but it only places \u003Cem\u003EThe Martian\u003C\/em\u003E just barely within the top-ten grossing films of the year, ahead of \u003Cem\u003EAnt-Man\u003C\/em\u003E and behind \u003Cem\u003EPitch Perfect 2\u003C\/em\u003E. The fact that \u003Cem\u003EThe Martian\u003C\/em\u003E topped the box office four out of five weekends in October is as much a sign of its weak competition as an indicator of market dominance.\u003C\/p\u003E\n\u003Cp\u003EThe only film to beat out \u003Cem\u003EThe Martian\u003C\/em\u003E for a weekend box-office title last month was \u003Cem\u003EGoosebumps\u003C\/em\u003E, the kids horror books adaptation starring comedian Jack Black, which made almost half of its total $57 million domestic box office gross over its opening weekend a couple of weeks ago.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ELots of flops\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EAside from those two films, October mostly unloaded one disappointment after another on U.S. movie theaters. Warner Bros.\u0026#8217; \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TWX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/twx\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETWX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E Peter Pan prequel, \u003Cem\u003EPan\u003C\/em\u003E, was one of the year\u0026#8217;s biggest flops, with \u003Ca href=\u0022http:\/\/www.bloomberg.com\/news\/articles\/2015-10-13\/warner-bros-pan-said-headed-for-100-million-plus-loss\u0022 target=\u0022_blank\u0022\u003Ethe studio reportedly set\u003C\/a\u003E to take a loss of more than $100 million on the film. Films with big-name actors and directors also disappointed last month, with the Danny Boyle-helmed, Michael Fassbender-starring Steve Jobs only grossing $14.5 million despite a bucket of Oscars hype, while the Guillermo del Toro-directed \u003Cem\u003ECrimson Peak\u003C\/em\u003E, which stars Tom Hiddleston and Jessica Chastain, made only $27.8 million in the U.S. on a budget of $55 million.\u003C\/p\u003E\n\u003Cp\u003EWorse still, though, were a\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/26\/weekend-box-office-hollywood\/\u0022 target=\u0022_blank\u0022\u003E pair of major flops two weekends ago\u003C\/a\u003E, \u003Cem\u003EJem and the Holograms\u003C\/em\u003E and \u003Cem\u003ERock the Kasbah\u003C\/em\u003E, that each debuted with less than $2 million, ranking both flops within the 10 \u003Ca href=\u0022http:\/\/www.latimes.com\/entertainment\/envelope\/cotown\/la-et-ct-rock-the-kasbah-jem-and-the-holograms-20151026-story.html\u0022 target=\u0022_blank\u0022\u003Elowest-grossing opening weekends\u003C\/a\u003E in the past three decades.\u003C\/p\u003E\n\u003Cp\u003EWithout a doubt, Hollywood needs to move on from its dreadful October and a strong showing from the highly-anticipated \u003Cem\u003ESpectre\u003C\/em\u003E would be a great start. The Sony \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022SNE\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/sne\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ESNE\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E film, which features Daniel Craig reprising his role as the debonair Bond, cost a reported $200 million to make but analysts expect it \u003Ca href=\u0022http:\/\/pro.boxoffice.com\/featured_stories\/2015-09-long-range-forecast-spectre\u0022 target=\u0022_blank\u0022\u003Ecould wind up grossing $260 million\u003C\/a\u003E in the U.S. alone. The last Bond film, 2012\u0026#8217;s \u003Cem\u003ESkyfall\u003C\/em\u003E, was the first in the franchise to top the $1 billion mark in global ticket sales. Sony Pictures could use this hit, as it has \u003Ca href=\u0022http:\/\/fortune.com\/2015\/08\/14\/studio-box-office-sony-2015\/\u0022\u003Ehad an absymal year at the box office\u003C\/a\u003E, too.\u003C\/p\u003E\n\u003Cp\u003EOf course, even if James Bond isn\u0026#8217;t the man for the job, Hollywood has several more big blockbusters waiting in the wings to ensure 2015 ends on a strong note at the box office. This year is already on pace to be the highest-grossing calendar year ever in terms of domestic sales and we still have another \u003Cem\u003EHunger Games\u003C\/em\u003E sequel coming later this month, while Walt Disney\u0026#8217;s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022DIS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/dis\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EDIS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E l\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/21\/star-wars-the-force-awakens-tickets\/\u0022\u003Eong-awaited \u003Cem\u003EStar Wars: The Force Awakens\u003C\/em\u003E \u003C\/a\u003Ecould blast past \u003Cem\u003EJurassic World\u003C\/em\u003E 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Bloomberg News compiled the latest attempts by states and localities to raise revenue from new services and found the taxman going after Netflix \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022NFLX\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/nflx\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ENFLX\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Airbnb, and even the experimental arts festival Burning Man.\u003C\/p\u003E\n\u003Cp\u003EAccording to the report: \u0026#8220;In June, Chicago decided that its 9 percent \u2018amusement tax\u2019 should cover Netflix, Spotify, Hulu, Amazon Prime, and other streaming services, to help make up for sales tax revenue lost to falling DVD and CD sales.\u0026#8221; Chicago is following the lead of foreign governments like Australia, which have instituted streaming taxes.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002223\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4572846987001-23\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224572846987001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1Xoeab5\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dadrevenue%2Cadfreevideos%2Cgoogleplay%2Cstreamingservices%2Ctechexplained%2Cvideocreators%2Cyoutube%2Cyoutubeadfree%2Cyoutubeexclusivecontent%2Cyoutubemonthlysubscription%2Cyoutubered%2Cyoutubesubscription%26ch%3Dtech%26topic%3Dtechexplained\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003EAirbnb is another target, as the service has drawn demand from hotels\u2014a big source of revenue for state and local governments. Washington State, for instance, started collecting an Airbnb tax this month.\u003C\/p\u003E\n\u003Cp\u003EEven Burning Man isn\u0026#8217;t free from the long reach of the taxman. This month, the state of Nevada changed its concession sales tax to an admission tax to capture more revenue from events like Burning Man and the Electric Daisy Carnival.\u003C\/p\u003E\n","time":{"pretty":"October 23, 2015","published":"2015-10-23 11:42:02","updated":"2015-10-23 11:42:02","minute":"11:42 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/23\/streaming-tax-netflix\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/23\/streaming-tax-netflix\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/23\/streaming-tax-netflix\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Why the tax man is going after Netflix and Burning Man","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/09\/gettyimages-72497793.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by David McNew \u2014 Getty Images","caption":"People wearing illuminated costumes at the Burning Man festival.","attach_id":"1304235"},"excerpt":"\u003Cp\u003EHe needs revenue.\u003C\/p\u003E\n","authors":[{"id":"348221","url":"http:\/\/fortune.com\/author\/chris-matthews\/","name":"Chris Matthews","twitter":"crobmatthews","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/chris-matthews-7811.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Chris Matthews headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/chris-matthews-7811.jpg?quality=80\u0026w=150",150,150,true],"bio":"Chris Matthews is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22077,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":19239773,"name":"Airbnb","slug":"airbnb","term_group":0,"term_taxonomy_id":47753,"taxonomy":"post_tag","description":"","parent":0,"count":107,"filter":"raw"},{"term_id":61307,"name":"Burning 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Man"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23861,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1383742-0","in-article-ad-1383742-1","in-article-ad-1383742-2"]},{"id":1381377,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/22\/swiss-banks-tax-evasion-tactics\/","title":"These are the secret tricks Swiss banks used to hide American money","content":"\u003Cp\u003EWant to know how tax dodgers have been skirting Uncle Sam? Look no further than the alluring, financial slopes of Switzerland.\u003C\/p\u003E\n\u003Cp\u003EIn order to avoid criminal charges, Swiss banks have been coming clean about their tax evasion tactics to the U.S. Justice Department, \u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/inside-swiss-banks-tax-cheating-machinery-1445506381\u0022\u003Ethe \u003Cem\u003EWall Street Journal\u003C\/em\u003E reports\u003C\/a\u003E. The trick is to grant their clients undeclared offshore accounts paired with aliases, secret passphrases, and in some cases, difficult-to-trace prepaid debit cards.\u003C\/p\u003E\n\u003Cp\u003EAfter the U.S. government began clamping down on the money-handling misconduct of big Swiss financial firms \u003Ca href=\u0022http:\/\/fortune.com\/2015\/05\/20\/ubs-pays-545-million-to-settle-fx-rigging-claims-others-to-follow\/\u0022\u003Elike UBS Group AG\u003C\/a\u003E \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022UBS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/ubs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EUBS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and \u003Ca href=\u0022http:\/\/fortune.com\/2014\/05\/19\/credit-suisse-expected-to-plead-guilty-to-aiding-tax-evasion\/\u0022\u003ECredit Suisse\u003C\/a\u003E \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, smaller banks began adopting their rivals\u0026#8217; bad habits in an effort to attract customers (and profits). \u0026#8220;The offenders range from international banks to small-town mortgage lenders, which together helped secrete more than 10,000 U.S-related accounts holding more than $10 billion,\u0026#8221; according to the \u003Cem\u003EJournal\u0026#8217;s\u003C\/em\u003E analysis of more than 40 settlement documents.\u003C\/p\u003E\n\u003Cp\u003EPer the \u003Cem\u003EJournal:\u003C\/em\u003E\u003C\/p\u003E\n\u003Cblockquote\u003E\u003Cp\u003EMost firms said they provided clients with numbered or code-name accounts with identities known only to a few employees. The banks also held mail destined for the U.S., in part to calm clients who were afraid the U.S. government might go through it. One client of Bank Sparhafen Zurich AG told a manager the bank\u2019s hold-mail fee was \u201ccheap insurance against having my dealings with you come to the attention of the government revenue authorities.\u201d\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003EOther techniques involved helping clients obscure their account possessions through \u0026#8220;sham trusts and foundations in tax havens\u0026#8221; in foreign locals, such as Liechtenstein and the British Virgin Islands. And some banks even handed out untraceable debit cards.\u003C\/p\u003E\n\u003Cp\u003EWhen a client needed cash refill, he or she might send a secret message, like \u0026#8220;gas tank still running on empty,\u0026#8221; according to the \u003Cem\u003EJournal.\u003C\/em\u003E Or to transfer cash: \u201cCan you download some tunes for us?\u201d\u003C\/p\u003E\n\u003Cp\u003EThose tunes aren\u0026#8217;t free, of course. For many of these wrongdoers, it\u0026#8217;s now time to pay the piper (aka the U.S. Internal Revenue Service).\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EFor more on avoiding taxes, read about \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/22\/uber-tax-shell\/\u0022\u003E\u0026#8220;Uber\u0026#8217;s tax shell game\u0026#8221;\u003C\/a\u003E in the November 1, 2015 issue of Fortune magazine. 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us?\u201d\u003C\/p\u003E\n","authors":[{"id":"374181","url":"http:\/\/fortune.com\/author\/robert-hackett\/","name":"Robert Hackett","twitter":"rhhackett","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/4-16_fo_robert_hackett_900.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u00220615 FORTUNE  \u0026quot;ONLINE\u0026quot; MICHELE TAYLOR\u0022 \/\u003E","thumbnail_alt":"0615 FORTUNE  \u0022ONLINE\u0022 MICHELE TAYLOR","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/4-16_fo_robert_hackett_900.jpg?quality=80\u0026w=150",150,150,true],"bio":"Robert Hackett has been a writer at \u003Cem\u003EFortune\u003C\/em\u003E since 2014, writing frequently about 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were supposed to stop the steady stream of inversions, deals in which U.S. companies buy a foreign company in order to incorporate overseas and save on taxes. Some have noted that the rule changes don\u0026#8217;t seem to have stopped the tax deals. There have been 54 completed or announced inversions since last fall, according to Dealogic.\u003C\/p\u003E\n\u003Cp\u003EAllergan \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AGN\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/agn\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAGN\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is based in Dublin, where corporate taxes are much lower than the U.S. Pfizer has shown interest in inverting in the past. So, the proposed Pfizer deal seems to be more evidence that Treasury\u0026#8217;s changes have had little effect.\u003C\/p\u003E\n\u003Cp\u003ENot quite.\u003C\/p\u003E\n\u003Cp\u003EIn the past, the inversion threshold was 20%. Meaning that 20% of the new company had to be owned by a foreign entity in order to take full tax advantage of moving overseas. But the Treasury rule changes make it harder for U.S. companies to shift domestic earnings overseas at the 20% level. What\u0026#8217;s more, companies can no longer use foreign cash tax-free to fund inversion deals if the deal ends up with just 20% foreign ownership.\u003C\/p\u003E\n\u003Cp\u003EBut the changes don\u0026#8217;t eliminate the benefits of tax inversions. They just reset the threshold to 40%. That means Pfizer might actually be willing to pay more for the Allergan deal than investors currently think.\u003C\/p\u003E\n\u003Cp\u003EPfizer\u0026#8217;s market cap is roughly $220 billion. 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Man"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23909,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1383742-0","in-article-ad-1383742-1","in-article-ad-1383742-2"]},{"id":1381377,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/22\/swiss-banks-tax-evasion-tactics\/","title":"These are the secret tricks Swiss banks used to hide American money","content":"\u003Cp\u003EWant to know how tax dodgers have been skirting Uncle Sam? Look no further than the alluring, financial slopes of Switzerland.\u003C\/p\u003E\n\u003Cp\u003EIn order to avoid criminal charges, Swiss banks have been coming clean about their tax evasion tactics to the U.S. Justice Department, \u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/inside-swiss-banks-tax-cheating-machinery-1445506381\u0022\u003Ethe \u003Cem\u003EWall Street Journal\u003C\/em\u003E reports\u003C\/a\u003E. The trick is to grant their clients undeclared offshore accounts paired with aliases, secret passphrases, and in some cases, difficult-to-trace prepaid debit cards.\u003C\/p\u003E\n\u003Cp\u003EAfter the U.S. government began clamping down on the money-handling misconduct of big Swiss financial firms \u003Ca href=\u0022http:\/\/fortune.com\/2015\/05\/20\/ubs-pays-545-million-to-settle-fx-rigging-claims-others-to-follow\/\u0022\u003Elike UBS Group AG\u003C\/a\u003E \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022UBS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/ubs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EUBS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and \u003Ca href=\u0022http:\/\/fortune.com\/2014\/05\/19\/credit-suisse-expected-to-plead-guilty-to-aiding-tax-evasion\/\u0022\u003ECredit Suisse\u003C\/a\u003E \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, smaller banks began adopting their rivals\u0026#8217; bad habits in an effort to attract customers (and profits). \u0026#8220;The offenders range from international banks to small-town mortgage lenders, which together helped secrete more than 10,000 U.S-related accounts holding more than $10 billion,\u0026#8221; according to the \u003Cem\u003EJournal\u0026#8217;s\u003C\/em\u003E analysis of more than 40 settlement documents.\u003C\/p\u003E\n\u003Cp\u003EPer the \u003Cem\u003EJournal:\u003C\/em\u003E\u003C\/p\u003E\n\u003Cblockquote\u003E\u003Cp\u003EMost firms said they provided clients with numbered or code-name accounts with identities known only to a few employees. The banks also held mail destined for the U.S., in part to calm clients who were afraid the U.S. government might go through it. One client of Bank Sparhafen Zurich AG told a manager the bank\u2019s hold-mail fee was \u201ccheap insurance against having my dealings with you come to the attention of the government revenue authorities.\u201d\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003EOther techniques involved helping clients obscure their account possessions through \u0026#8220;sham trusts and foundations in tax havens\u0026#8221; in foreign locals, such as Liechtenstein and the British Virgin Islands. And some banks even handed out untraceable debit cards.\u003C\/p\u003E\n\u003Cp\u003EWhen a client needed cash refill, he or she might send a secret message, like \u0026#8220;gas tank still running on empty,\u0026#8221; according to the \u003Cem\u003EJournal.\u003C\/em\u003E Or to transfer cash: \u201cCan you download some tunes for us?\u201d\u003C\/p\u003E\n\u003Cp\u003EThose tunes aren\u0026#8217;t free, of course. For many of these wrongdoers, it\u0026#8217;s now time to pay the piper (aka the U.S. Internal Revenue Service).\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EFor more on avoiding taxes, read about \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/22\/uber-tax-shell\/\u0022\u003E\u0026#8220;Uber\u0026#8217;s tax shell game\u0026#8221;\u003C\/a\u003E in the November 1, 2015 issue of Fortune magazine. 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highlight his experience as Governor of Florida.\u003C\/p\u003E\n\u003Cp\u003EThe push by his struggling campaign, \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/jeb-bush-campaign-coo\/\u0022\u003Ewhich recently cut staff and salaries\u003C\/a\u003E, comes less than a week after the third GOP debate where \u003Ca href=\u0022http:\/\/www.theatlantic.com\/politics\/archive\/2015\/10\/jeb-bush-struggles\/413014\/\u0022\u003Epundits and viewers widely concluded\u003C\/a\u003E that Bush failed to stand out. Once a contender for the nomination, \u003Ca href=\u0022http:\/\/www.realclearpolitics.com\/epolls\/latest_polls\/\u0022\u003Ehe currently has just a 7% \u003C\/a\u003Eshare of likely voter support. Meanwhile, Donald Trump and Ben Carson sit atop the national polls.\u003C\/p\u003E\n\u003Cp\u003EBush\u2019s campaign is trying to reset the candidate\u0026#8217;s struggles against the other challengers and showcase his political experience vs. his Republican primary opponents, \u003Ca href=\u0022http:\/\/onpolitics.usatoday.com\/2015\/11\/02\/bush-launches-retooled-jeb-can-fix-it-campaign\/?utm_source=dlvr.it\u0026amp;utm_medium=twitter\u0026amp;dlvrit=206567\u0022\u003Eaccording to \u003Cem\u003EUSA Today\u003C\/em\u003E\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;I will do everything in my power to win this race,\u0026#8221; he said during a speech in Tampa on Monday morning. \u0026#8220;But there are some things I am not willing to do: I will not compromise my principles. I will not trade in an optimistic outlook to put on the cloak of an angry agitator.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EAs part of the \u0026#8220;Jeb Can Fix It\u0026#8221; tour, \u003Cem\u003EUSA Today\u003C\/em\u003E noted that Bush\u0026#8217;s campaign has released an e-book of emails the candidate wrote while in the Tallahassee statehouse from 1999 to 2007.\u003C\/p\u003E\n\u003Cp\u003E\u201cOne, I can\u2019t be someone I\u2019m not,\u201d Bush said at the Monday speech in Tampa ahead of traveling through Florida, South Carolina, and New Hampshire. \u201cAnd, two, getting things done isn\u2019t about yelling into a camera, or regurgitating sound bites free of substance.\u201d\u003C\/p\u003E\n\u003Cp\u003EBush also took the opportunity to take a jab at Trump. \u0026#8220;You can\u2019t just tell Congress \u2018You\u2019re fired\u2019 and go to a commercial break,\u201d he said about the former host of \u003Cem\u003EThe Apprentice\u003C\/em\u003E.\u003C\/p\u003E\n\u003Cdiv 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default candidate for big business","content":"\u003Cp\u003EFollowing this week\u2019s third Republican debate, one of the major narratives to emerge has been that Marco Rubio will take the mantle of \u0026#8220;establishment\u0026#8221; or \u0026#8220;business\u0026#8221; candidate from Jeb Bush, whose viability as a contender is quickly fading. Even before the debate, there were reports from \u003Ca href=\u0022http:\/\/www.businessinsider.com\/wall-street-marco-rubio-fundraisers-2015-10\u0022\u003EBusiness Insider\u003C\/a\u003E that Wall Street was starting to come around to the idea of supporting Rubio.\u003C\/p\u003E\n\u003Cp\u003EBut unlike his mentor, Rubio doesn\u0026#8217;t make much sense as the candidate to represent the business wing of the Republican party. Bush comes from one of America\u0026#8217;s most prominent business families, and he himself has been a businessman for decades, including stints advising both Lehman Brothers and Barclays after he left the Florida Governor\u0026#8217;s Mansion. He may not be a strong debater, or even a great candidate, but you can\u0026#8217;t doubt Bush\u0026#8217;s business know-how and, most importantly, his connections on Wall Street and corporate America.\u003C\/p\u003E\n\u003Cp\u003EBy contrast, Rubio is a career politician. After graduating from the University of Florida, he went straight to law school at the University of Miami and then became a city commissioner in West Miami. After that he ran for the Florida House of Representatives, where he served until 2008. Then in 2010, he was elected to the U.S. Senate. So no, not a whole lot of business experience there, or even much experience outside of the public sector.\u003C\/p\u003E\n\u003Cp\u003EDon Haider, a professor of strategy at Northwestern University\u0026#8217;s Kellogg School of Management, is quite familiar with the establishment wing of the Republican Party. He was a Romney delegate at the 2012 Republican National Convention and is currently a Bush supporter. He thinks that anointing any candidate the \u0026#8220;business candidate\u0026#8221; is a fool\u0026#8217;s errand, because business can mean a lot of things. Rubio, he notes, has made a case to entrepreneurs and small business owners, but that doesn\u0026#8217;t mean he\u0026#8217;ll get support from big business just yet. Plus, executives on Wall Street don\u0026#8217;t really care who they support, as long as it\u2019s a horse they can back.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002226\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4588070388001-26\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224588070388001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1Wok7ST\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dalanmurray%2Candrewnusca%2Cbencarson%2Ccarlyfiorina%2Cchrischristie%2Cdonaldtrump%2Cfortunelive%2Cgopdebate%2Cjebbush%2Cjohnkasich%2Cleighgallagher%2Cmarcorubio%2Cmikehuckabee%2Crandpaul%2Crepublicanpresidentialdebate%2Cyoutube%26ch%3Dleadership%26topic%3Dfortunelive\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Wall Street wants to be with the winner, whoever it may be,\u0026#8221; Haider says. If Rubio beats Bush in the Florida primary, which comes fairly early in the election cycle and rises to the top of the slate, big donors may start writing checks to a different Floridian.\u003C\/p\u003E\n\u003Cp\u003EThere is one issue where Rubio and business line up pretty well: immigration. Rubio, the son of Cuban immigrants, was part of Congress\u2019 \u0026#8220;Gang of Eight\u0026#8221; in 2013 that proposed a fairly moderate immigration reform bill. Business tends to want healthy immigration to fill out its workforce, so corporate donors might shy away from hardline candidates like Ted Cruz or Donald Trump.\u003C\/p\u003E\n\u003Cp\u003EThat process of elimination is an important part of selecting the right candidate, says Sydney Finkelstein, a professor at the Tuck School of Business at Dartmouth. This \u0026#8220;isn\u0026#8217;t like a CEO search,\u0026#8221; he notes, where you can keep looking until you find what you want. Business voters have to work with the candidates in front of them.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Businesspeople are smart, and they\u0026#8217;re saying, \u0026#8216;We better get our act together and get behind someone that has a chance to beat Hillary.\u0027\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThere\u0026#8217;s also the pesky detail of Rubio\u0026#8217;s personal finance history, which\u003Ca href=\u0022https:\/\/www.washingtonpost.com\/news\/the-fix\/wp\/2015\/06\/10\/heres-the-real-issue-with-marco-rubios-finances\/\u0022\u003E is well detailed\u003C\/a\u003E and was brought up again during the CNBC debate: In the past, he\u2019s struggled with debt while making extravagant purchases, as well as mixing campaign and personal cash.\u003C\/p\u003E\n\u003Cp\u003EQuestionable decisions in Rubio\u2019s personal financial life don\u2019t necessarily mean that he would be a bad President for the economy, but it doesn\u2019t jibe with support from big business. But Haider thinks Rubio has shown growth, and in the end, his personal finances won\u0026#8217;t be an issue for the business world.\u003C\/p\u003E\n\u003Cp\u003EFinkelstein, however, believes Rubio\u2019s financial missteps could be a big weakness in a battle with Hillary Clinton\u2014not because of the issues themselves, but because one of the biggest attack lines the Republicans have against Clinton is her questionable financial dealings, especially those related to the Clinton Foundation. While Rubio\u0026#8217;s problems aren\u0026#8217;t quite as headline-grabbing, using those talking points as ammo is going to be a lot harder when Clinton can come right back with, \u0026#8220;Well, Marco Rubio mixed up campaign and personal money.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EBush can\u0026#8217;t be counted out just yet, but if his support falls even more or if he chooses to drop out of the race, the big money is going to start looking for someone else to support. In a race long on personality but perhaps somewhat short on experience, Marco Rubio could very well end up being the bride Wall Street ends up with, even if it isn\u0026#8217;t a perfect marriage.\u003C\/p\u003E\n","time":{"pretty":"November 1, 2015","published":"2015-11-01 09:00:08","updated":"2015-11-01 09:00:08","minute":"9:00 AM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/01\/marco-rubio-big-business\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/01\/marco-rubio-big-business\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/01\/marco-rubio-big-business\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Marco Rubio may be the default candidate for big business","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/jebmarco.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Jason Bahr \u2014 NBCU Photo Bank via Getty Images","caption":"One of these men may be president. Which will be the Wall Street favorite?","attach_id":"1399550"},"excerpt":"\u003Cp\u003EWith Jeb Bush\u0026#8217;s popularity waning, the business world may be looking to Marco Rubio, despite his non-business background.\u003C\/p\u003E\n","authors":[{"id":"276574","url":"http:\/\/fortune.com\/author\/ben-geier\/","name":"Ben Geier","twitter":"ben_geier","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-geier-6101.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Ben Geier headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-geier-6101.jpg?quality=80\u0026w=150",150,150,true],"bio":"Ben Geier is a writer at 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","attach_id":"1399504"},"excerpt":"\u003Cp\u003EAll part of a \u0026#8220;lean and mean\u0026#8221; reorganization.\u003C\/p\u003E\n","authors":[{"id":"1146850","url":"http:\/\/fortune.com\/author\/claire-groden\/","name":"Claire Groden","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10262,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":11458825,"name":"2016 presidential election","slug":"2016-presidential-election","term_group":0,"term_taxonomy_id":132000,"taxonomy":"post_tag","description":"","parent":0,"count":37,"filter":"raw"},{"term_id":143639,"name":"Jeb Bush","slug":"jeb-bush","term_group":0,"term_taxonomy_id":117169,"taxonomy":"post_tag","description":"","parent":0,"count":90,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2965,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Jeb Bush","slug":"jeb-bush","url":"http:\/\/fortune.com\/tag\/jeb-bush\/"},"f500_tag":false,"paid":false,"paid_excerpt":"All part of a \u0026#8220;lean and mean\u0026#8221; reorganization.","seo":{"seo_title":"Jeb Bush Campaign Loses Chief Operating Officer","seo_description":"The Jeb Bush campaign has parted ways with Chief Operating Officer Christine Ciccone, the highest-ranking known staffer to leave.","seo_keywords":"Jeb Bush, Christine Ciccone, 2016 Presidential Election, Donald Trump, Ben Carson","seo_news_keywords":"Jeb Bush, Christine Ciccone, 2016 Presidential Election, Donald Trump, Ben Carson","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/jeb-bush-campaign-coo\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fjeb-bush-campaign-coo%2F","shortlink":"http:\/\/for.tn\/1HhfLpM","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1HhfLpM","encoded_title":"This+woman+is+the+biggest+casualty+of+Jeb%E2%80%99s+campaign+cuts","twitter_text":"This woman is the biggest casualty of Jeb\u0027s campaign cuts","twitter_via":"FORTUNE","facebook_desc":"All part of a \u0022lean and mean\u0022 reorganization.","facebook_title":"This Woman Is the Biggest Casualty of Jeb\u0027s Campaign Cuts"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23913,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1399367-0","in-article-ad-1399367-1","in-article-ad-1399367-2"]},{"id":1396092,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/french-work-week-bush\/","title":"Why Jeb Bush\u2019s \u2018French work week\u2019 comment was completely wrong","content":"\u003Cp\u003EWhen attempting to criticize Marco Rubio for not \u0026#8220;showing up to work\u0026#8221; during Wednesday night\u0026#8217;s \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/twitter-won-republican-debate\/\u0022 target=\u0022_blank\u0022\u003EGOP debate on CNBC\u003C\/a\u003E, Jeb Bush questioned: \u0026#8220;The Senate, what is it like a French work week? You get like three days where you have to show up?\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EFrance\u0026#8217;s Ambassador to the United States, \u003Ca href=\u0022https:\/\/twitter.com\/GerardAraud\u0022 target=\u0022_blank\u0022\u003EG\u00e9rard Araud\u003C\/a\u003E, was quick to point out the inaccuracy of Bush\u0026#8217;s comment.\u003C\/p\u003E\n\u003Cp\u003EIn 2000, France implemented an official \u003Ca href=\u0022http:\/\/time.com\/3608782\/france-considers-scrapping-its-35-hour-working-week\/\u0022 target=\u0022_blank\u0022\u003E35-hour work week\u003C\/a\u003E, and has recently been considering getting rid of it altogether, especially since most people don\u0026#8217;t adhere to it anyway.\u003C\/p\u003E\n\u003Cp\u003EIn 2014, \u003Ca href=\u0022http:\/\/ec.europa.eu\/eurostat\/tgm\/table.do?tab=table\u0026amp;language=en\u0026amp;pcode=tps00071\u0022 target=\u0022_blank\u0022\u003EEurostat\u003C\/a\u003E reported that full-time employees in France worked an average of 40.5 hours per week. A \u003Ca href=\u0022http:\/\/www.gallup.com\/poll\/175286\/hour-workweek-actually-longer-seven-hours.aspx\u0022 target=\u0022_blank\u0022\u003EGallup poll\u003C\/a\u003E conducted in the same year shows that Americans employed full-time work an average of 46.7 hours per week, less than an extra hour per day as compared to the French.\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003EThe French work an average of 39,6 hours a week compared to 39,2 for the Germans.  \u003Ca href=\u0022https:\/\/t.co\/22yUVpQbq7\u0022\u003Ehttps:\/\/t.co\/22yUVpQbq7\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; G\u00e9rard Araud (@GerardAraud) \u003Ca href=\u0022https:\/\/twitter.com\/GerardAraud\/status\/659538723655303168\u0022\u003EOctober 29, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cp\u003EIt\u0026#8217;s unclear where Araud pulled his numbers from, but if his estimation of 39.6 hours per week reflects all workers, both part-time and full-time, then the French work longer hours than Americans. Gallup measured that part-time American employees work an average of 25.9 hours each week, bringing the total average down to 36.3.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002228\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4585725784001-28\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224585725784001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1NaKWt6\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbencarson%2Ccarlyfiorina%2Cchrischristie%2Cdonaldtrump%2Cgopdebate%2Cjebbush%2Cjohnkasich%2Cmarcorubio%2Cmikehuckabee%2Crandpaul%2Crepublicanpresidentialdebate%26ch%3Dleadership%26topic%3Dgopdebate\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003EDespite how many hours France may work compared to the U.S., the former country is more productive. The Organization for Economic Cooperation and Development graphed each country\u0026#8217;s \u003Ca href=\u0022https:\/\/data.oecd.org\/lprdty\/gdp-per-hour-worked.htm\u0022 target=\u0022_blank\u0022\u003EGDP per hour worked\u003C\/a\u003E, which measures how efficient the workforce is overall. In 2014 France\u0026#8217;s GDP per hour was 103.08, and in the U.S. it was 102.03; the average of all participating countries was 103.03.\u003C\/p\u003E\n\u003Cp\u003EThough Bush didn\u0026#8217;t get it right, the ambassador\u0026#8217;s criticism of our own country\u0026#8217;s shortcomings was right on the money:\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003EA French work week of 3 days? No but a pregnancy paid leave of 16 weeks yes! And proud of it.\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; G\u00e9rard Araud (@GerardAraud) \u003Ca href=\u0022https:\/\/twitter.com\/GerardAraud\/status\/659542483584614400\u0022\u003EOctober 29, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 11:59:00","updated":"2015-10-29 11:59:00","minute":"11:59 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/french-work-week-bush\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/french-work-week-bush\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/french-work-week-bush\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Why Jeb Bush\u2019s \u2018French work week\u2019 comment was completely wrong","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-464656278.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Alex Wong 2015 Getty Images","caption":"Jeb Bush","attach_id":"1396331"},"excerpt":"\u003Cp\u003EThe French ambassador wasn\u0026#8217;t happy.\u003C\/p\u003E\n","authors":[{"id":91530089,"url":"http:\/\/fortune.com\/author\/michaladdady\/","name":"Michal Addady","twitter":"","gplus":"","email":"michal.addady@timeinc.com","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":5142,"name":"International","slug":"international","term_group":0,"term_taxonomy_id":46731,"taxonomy":"category","description":"News with an international focus on the global marketplace and how the world\u0027s connected economies 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Wrong"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23882,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396092-0","in-article-ad-1396092-1","in-article-ad-1396092-2"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1398893,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/01\/marco-rubio-big-business\/","title":"Marco Rubio may be the default candidate for big business","content":"\u003Cp\u003EFollowing this week\u2019s third Republican debate, one of the major narratives to emerge has been that Marco Rubio will take the mantle of \u0026#8220;establishment\u0026#8221; or \u0026#8220;business\u0026#8221; candidate from Jeb Bush, whose viability as a contender is quickly fading. Even before the debate, there were reports from \u003Ca href=\u0022http:\/\/www.businessinsider.com\/wall-street-marco-rubio-fundraisers-2015-10\u0022\u003EBusiness Insider\u003C\/a\u003E that Wall Street was starting to come around to the idea of supporting Rubio.\u003C\/p\u003E\n\u003Cp\u003EBut unlike his mentor, Rubio doesn\u0026#8217;t make much sense as the candidate to represent the business wing of the Republican party. Bush comes from one of America\u0026#8217;s most prominent business families, and he himself has been a businessman for decades, including stints advising both Lehman Brothers and Barclays after he left the Florida Governor\u0026#8217;s Mansion. He may not be a strong debater, or even a great candidate, but you can\u0026#8217;t doubt Bush\u0026#8217;s business know-how and, most importantly, his connections on Wall Street and corporate America.\u003C\/p\u003E\n\u003Cp\u003EBy contrast, Rubio is a career politician. After graduating from the University of Florida, he went straight to law school at the University of Miami and then became a city commissioner in West Miami. After that he ran for the Florida House of Representatives, where he served until 2008. Then in 2010, he was elected to the U.S. Senate. So no, not a whole lot of business experience there, or even much experience outside of the public sector.\u003C\/p\u003E\n\u003Cp\u003EDon Haider, a professor of strategy at Northwestern University\u0026#8217;s Kellogg School of Management, is quite familiar with the establishment wing of the Republican Party. He was a Romney delegate at the 2012 Republican National Convention and is currently a Bush supporter. He thinks that anointing any candidate the \u0026#8220;business candidate\u0026#8221; is a fool\u0026#8217;s errand, because business can mean a lot of things. Rubio, he notes, has made a case to entrepreneurs and small business owners, but that doesn\u0026#8217;t mean he\u0026#8217;ll get support from big business just yet. Plus, executives on Wall Street don\u0026#8217;t really care who they support, as long as it\u2019s a horse they can back.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00223\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4588070388001-3\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224588070388001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1Wok7ST\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dalanmurray%2Candrewnusca%2Cbencarson%2Ccarlyfiorina%2Cchrischristie%2Cdonaldtrump%2Cfortunelive%2Cgopdebate%2Cjebbush%2Cjohnkasich%2Cleighgallagher%2Cmarcorubio%2Cmikehuckabee%2Crandpaul%2Crepublicanpresidentialdebate%2Cyoutube%26ch%3Dleadership%26topic%3Dfortunelive\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Wall Street wants to be with the winner, whoever it may be,\u0026#8221; Haider says. If Rubio beats Bush in the Florida primary, which comes fairly early in the election cycle and rises to the top of the slate, big donors may start writing checks to a different Floridian.\u003C\/p\u003E\n\u003Cp\u003EThere is one issue where Rubio and business line up pretty well: immigration. Rubio, the son of Cuban immigrants, was part of Congress\u2019 \u0026#8220;Gang of Eight\u0026#8221; in 2013 that proposed a fairly moderate immigration reform bill. Business tends to want healthy immigration to fill out its workforce, so corporate donors might shy away from hardline candidates like Ted Cruz or Donald Trump.\u003C\/p\u003E\n\u003Cp\u003EThat process of elimination is an important part of selecting the right candidate, says Sydney Finkelstein, a professor at the Tuck School of Business at Dartmouth. This \u0026#8220;isn\u0026#8217;t like a CEO search,\u0026#8221; he notes, where you can keep looking until you find what you want. Business voters have to work with the candidates in front of them.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Businesspeople are smart, and they\u0026#8217;re saying, \u0026#8216;We better get our act together and get behind someone that has a chance to beat Hillary.\u0027\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EThere\u0026#8217;s also the pesky detail of Rubio\u0026#8217;s personal finance history, which\u003Ca href=\u0022https:\/\/www.washingtonpost.com\/news\/the-fix\/wp\/2015\/06\/10\/heres-the-real-issue-with-marco-rubios-finances\/\u0022\u003E is well detailed\u003C\/a\u003E and was brought up again during the CNBC debate: In the past, he\u2019s struggled with debt while making extravagant purchases, as well as mixing campaign and personal cash.\u003C\/p\u003E\n\u003Cp\u003EQuestionable decisions in Rubio\u2019s personal financial life don\u2019t necessarily mean that he would be a bad President for the economy, but it doesn\u2019t jibe with support from big business. But Haider thinks Rubio has shown growth, and in the end, his personal finances won\u0026#8217;t be an issue for the business world.\u003C\/p\u003E\n\u003Cp\u003EFinkelstein, however, believes Rubio\u2019s financial missteps could be a big weakness in a battle with Hillary Clinton\u2014not because of the issues themselves, but because one of the biggest attack lines the Republicans have against Clinton is her questionable financial dealings, especially those related to the Clinton Foundation. While Rubio\u0026#8217;s problems aren\u0026#8217;t quite as headline-grabbing, using those talking points as ammo is going to be a lot harder when Clinton can come right back with, \u0026#8220;Well, Marco Rubio mixed up campaign and personal money.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EBush can\u0026#8217;t be counted out just yet, but if his support falls even more or if he chooses to drop out of the race, the big money is going to start looking for someone else to support. In a race long on personality but perhaps somewhat short on experience, Marco Rubio could very well end up being the bride Wall Street ends up with, even if it isn\u0026#8217;t a perfect marriage.\u003C\/p\u003E\n","time":{"pretty":"November 1, 2015","published":"2015-11-01 09:00:08","updated":"2015-11-01 09:00:08","minute":"9:00 AM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/01\/marco-rubio-big-business\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/01\/marco-rubio-big-business\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/01\/marco-rubio-big-business\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Marco Rubio may be the default candidate for big business","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/jebmarco.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Jason Bahr \u2014 NBCU Photo Bank via Getty Images","caption":"One of these men may be president. Which will be the Wall Street favorite?","attach_id":"1399550"},"excerpt":"\u003Cp\u003EWith Jeb Bush\u0026#8217;s popularity waning, the business world may be looking to Marco Rubio, despite his non-business background.\u003C\/p\u003E\n","authors":[{"id":"276574","url":"http:\/\/fortune.com\/author\/ben-geier\/","name":"Ben Geier","twitter":"ben_geier","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-geier-6101.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Ben Geier headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-geier-6101.jpg?quality=80\u0026w=150",150,150,true],"bio":"Ben Geier is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10262,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":189091,"name":"Donald Trump","slug":"donald-trump","term_group":0,"term_taxonomy_id":112200,"taxonomy":"post_tag","description":"","parent":0,"count":301,"filter":"raw"},{"term_id":143639,"name":"Jeb Bush","slug":"jeb-bush","term_group":0,"term_taxonomy_id":117169,"taxonomy":"post_tag","description":"","parent":0,"count":90,"filter":"raw"},{"term_id":1671569,"name":"Marco 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href=\u0022http:\/\/blogs.wsj.com\/washwire\/2015\/10\/30\/chief-operating-officer-leaves-jeb-bush-campaign\/\u0022\u003Eaccording to the Wall Street Journal\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003ELast week, the campaign announced it would cut payroll by 40% and its budget by about 45% as donors pressured Bush to \u003Ca href=\u0022http:\/\/www.bloomberg.com\/politics\/articles\/2015-10-23\/jeb-bush-orders-across-the-board-pay-cuts-for-struggling-campaign\u0022\u003Eshake up his drooping bid\u003C\/a\u003E. He \u003Ca href=\u0022http:\/\/www.cbn.com\/cbnnews\/politics\/2015\/October\/Jeb-Bush-Speaks-with-Pat-Robertson-at-Regent-University\/\u0022\u003Ecalled\u003C\/a\u003E the organization an attempt to be \u0026#8220;lean and mean,\u0026#8221; and to adapt to the unexpected success of non-establishment candidates like Donald Trump and Ben Carson.\u003C\/p\u003E\n\u003Cp\u003ECiccone was paid an annual salary of about $144,000.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00224\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4585725784001-4\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224585725784001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1HhfLpM\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbencarson%2Ccarlyfiorina%2Cchrischristie%2Cdonaldtrump%2Cgopdebate%2Cjebbush%2Cjohnkasich%2Cmarcorubio%2Cmikehuckabee%2Crandpaul%2Crepublicanpresidentialdebate%26ch%3Dleadership%26topic%3Dgopdebate\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 04:05:11","updated":"2015-10-30 04:05:11","minute":"4:05 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/jeb-bush-campaign-coo\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/jeb-bush-campaign-coo\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/jeb-bush-campaign-coo\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Jeb Bush campaign loses COO","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-163370694.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Kevork Djansezian\u2014Getty Images","caption":"Former Florida Governor Jeb Bush speaks at the Reagan Library after autographing his new book \u0026quot;Immigration Wars: Forging an American Solution\u0026quot; on March 8, 2013 in Simi Valley, California. ","attach_id":"1399504"},"excerpt":"\u003Cp\u003EAll part of a \u0026#8220;lean and mean\u0026#8221; reorganization.\u003C\/p\u003E\n","authors":[{"id":"1146850","url":"http:\/\/fortune.com\/author\/claire-groden\/","name":"Claire Groden","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10268,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":11458825,"name":"2016 presidential election","slug":"2016-presidential-election","term_group":0,"term_taxonomy_id":132000,"taxonomy":"post_tag","description":"","parent":0,"count":37,"filter":"raw"},{"term_id":143639,"name":"Jeb Bush","slug":"jeb-bush","term_group":0,"term_taxonomy_id":117169,"taxonomy":"post_tag","description":"","parent":0,"count":90,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2955,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Jeb Bush","slug":"jeb-bush","url":"http:\/\/fortune.com\/tag\/jeb-bush\/"},"f500_tag":false,"paid":false,"paid_excerpt":"All part of a \u0026#8220;lean and mean\u0026#8221; reorganization.","seo":{"seo_title":"Jeb Bush Campaign Loses Chief Operating Officer","seo_description":"The Jeb Bush campaign has parted ways with Chief Operating Officer Christine Ciccone, the highest-ranking known staffer to leave.","seo_keywords":"Jeb Bush, Christine Ciccone, 2016 Presidential Election, Donald Trump, Ben Carson","seo_news_keywords":"Jeb Bush, Christine Ciccone, 2016 Presidential Election, Donald Trump, Ben Carson","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/jeb-bush-campaign-coo\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fjeb-bush-campaign-coo%2F","shortlink":"http:\/\/for.tn\/1HhfLpM","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1HhfLpM","encoded_title":"This+woman+is+the+biggest+casualty+of+Jeb%E2%80%99s+campaign+cuts","twitter_text":"This woman is the biggest casualty of Jeb\u0027s campaign cuts","twitter_via":"FORTUNE","facebook_desc":"All part of a \u0022lean and mean\u0022 reorganization.","facebook_title":"This Woman Is the Biggest Casualty of Jeb\u0027s Campaign Cuts"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23854,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1399367-0","in-article-ad-1399367-1","in-article-ad-1399367-2"]},{"id":1396092,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/french-work-week-bush\/","title":"Why Jeb Bush\u2019s \u2018French work week\u2019 comment was completely wrong","content":"\u003Cp\u003EWhen attempting to criticize Marco Rubio for not \u0026#8220;showing up to work\u0026#8221; during Wednesday night\u0026#8217;s \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/twitter-won-republican-debate\/\u0022 target=\u0022_blank\u0022\u003EGOP debate on CNBC\u003C\/a\u003E, Jeb Bush questioned: \u0026#8220;The Senate, what is it like a French work week? You get like three days where you have to show up?\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EFrance\u0026#8217;s Ambassador to the United States, \u003Ca href=\u0022https:\/\/twitter.com\/GerardAraud\u0022 target=\u0022_blank\u0022\u003EG\u00e9rard Araud\u003C\/a\u003E, was quick to point out the inaccuracy of Bush\u0026#8217;s comment.\u003C\/p\u003E\n\u003Cp\u003EIn 2000, France implemented an official \u003Ca href=\u0022http:\/\/time.com\/3608782\/france-considers-scrapping-its-35-hour-working-week\/\u0022 target=\u0022_blank\u0022\u003E35-hour work week\u003C\/a\u003E, and has recently been considering getting rid of it altogether, especially since most people don\u0026#8217;t adhere to it anyway.\u003C\/p\u003E\n\u003Cp\u003EIn 2014, \u003Ca href=\u0022http:\/\/ec.europa.eu\/eurostat\/tgm\/table.do?tab=table\u0026amp;language=en\u0026amp;pcode=tps00071\u0022 target=\u0022_blank\u0022\u003EEurostat\u003C\/a\u003E reported that full-time employees in France worked an average of 40.5 hours per week. A \u003Ca href=\u0022http:\/\/www.gallup.com\/poll\/175286\/hour-workweek-actually-longer-seven-hours.aspx\u0022 target=\u0022_blank\u0022\u003EGallup poll\u003C\/a\u003E conducted in the same year shows that Americans employed full-time work an average of 46.7 hours per week, less than an extra hour per day as compared to the French.\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003EThe French work an average of 39,6 hours a week compared to 39,2 for the Germans.  \u003Ca href=\u0022https:\/\/t.co\/22yUVpQbq7\u0022\u003Ehttps:\/\/t.co\/22yUVpQbq7\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; G\u00e9rard Araud (@GerardAraud) \u003Ca href=\u0022https:\/\/twitter.com\/GerardAraud\/status\/659538723655303168\u0022\u003EOctober 29, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cp\u003EIt\u0026#8217;s unclear where Araud pulled his numbers from, but if his estimation of 39.6 hours per week reflects all workers, both part-time and full-time, then the French work longer hours than Americans. Gallup measured that part-time American employees work an average of 25.9 hours each week, bringing the total average down to 36.3.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00225\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4585725784001-5\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224585725784001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1NaKWt6\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbencarson%2Ccarlyfiorina%2Cchrischristie%2Cdonaldtrump%2Cgopdebate%2Cjebbush%2Cjohnkasich%2Cmarcorubio%2Cmikehuckabee%2Crandpaul%2Crepublicanpresidentialdebate%26ch%3Dleadership%26topic%3Dgopdebate\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003EDespite how many hours France may work compared to the U.S., the former country is more productive. The Organization for Economic Cooperation and Development graphed each country\u0026#8217;s \u003Ca href=\u0022https:\/\/data.oecd.org\/lprdty\/gdp-per-hour-worked.htm\u0022 target=\u0022_blank\u0022\u003EGDP per hour worked\u003C\/a\u003E, which measures how efficient the workforce is overall. In 2014 France\u0026#8217;s GDP per hour was 103.08, and in the U.S. it was 102.03; the average of all participating countries was 103.03.\u003C\/p\u003E\n\u003Cp\u003EThough Bush didn\u0026#8217;t get it right, the ambassador\u0026#8217;s criticism of our own country\u0026#8217;s shortcomings was right on the money:\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003EA French work week of 3 days? No but a pregnancy paid leave of 16 weeks yes! And proud of it.\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; G\u00e9rard Araud (@GerardAraud) \u003Ca href=\u0022https:\/\/twitter.com\/GerardAraud\/status\/659542483584614400\u0022\u003EOctober 29, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 11:59:00","updated":"2015-10-29 11:59:00","minute":"11:59 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/french-work-week-bush\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/french-work-week-bush\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/french-work-week-bush\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Why Jeb Bush\u2019s \u2018French work week\u2019 comment was completely wrong","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-464656278.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Alex Wong 2015 Getty Images","caption":"Jeb Bush","attach_id":"1396331"},"excerpt":"\u003Cp\u003EThe French ambassador wasn\u0026#8217;t happy.\u003C\/p\u003E\n","authors":[{"id":91530089,"url":"http:\/\/fortune.com\/author\/michaladdady\/","name":"Michal Addady","twitter":"","gplus":"","email":"michal.addady@timeinc.com","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":5142,"name":"International","slug":"international","term_group":0,"term_taxonomy_id":46731,"taxonomy":"category","description":"News with an international focus on the global marketplace and how the world\u0027s connected economies 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post\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/\u0022\u003ELast week, the \u003Cem\u003EWall Street Journal\u003C\/em\u003E published a report\u003C\/a\u003E, citing anonymous sources, that the tech giant had been working on combining its two operating systems under Android\u0026#8217;s umbrella. The new system would run on both mobile devices and PCs, the report said. It would unveil it next year and make it publicly available in 2017.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/\u0022\u003EGoogle \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022GOOGL\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/googl\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EGOOGL\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E immediately denied the rumor\u003C\/a\u003E, and on Monday expanded on its commitment to Chrome\u0026#8217;s suite of software and products. Next year, dozens of new Chromebooks, lightweight laptop that run on Chrome\u0026#8217;s operating system, are slated for release, the company says. A new media player, along with a new design and extra security features are also in the works.\u003C\/p\u003E\n\u003Cp\u003EGoogle has also committed to software auto-updates for the next five years for its Chromebooks.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 02:54:06","updated":"2015-11-02 02:54:06","minute":"2:54 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/google-chrome-roadmap\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/google-chrome-roadmap\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/google-chrome-roadmap\/","outbrain_footer":true,"outbrain_right_rail":false,"short_title":"Google\u0027s reaffirms commitment to Chromebooks","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/05\/gettyimages-451228632.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Bloomberg via Getty Images","caption":"Sundar Pichai, senior vice president of Android, Chrome and Apps for Google Inc., speaks during the Google I\/O Annual Developers Conference in San Francisco, California, U.S., on Wednesday, June 25, 2014. ","attach_id":"1137245"},"excerpt":"\u003Cp\u003ECompany has denied recent media reports.\u003C\/p\u003E\n","authors":[{"id":"1024641","url":"http:\/\/fortune.com\/author\/kia-kokalitcheva\/","name":"Kia Kokalitcheva","twitter":"imkialikethecar","gplus":"","email":"kia.kokalitcheva@fortune.com","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022kia kokalitcheva (318) square crop\u0022 \/\u003E","thumbnail_alt":"kia kokalitcheva (318) square crop","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026w=150",150,150,true],"bio":"Kia Kokalitcheva is a reporter at \u003Cem\u003EFortune\u003C\/em\u003E. She covers technology and Silicon Valley with a focus on the \u0022on-demand economy.\u0022 She is based in San Francisco.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22102,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":641922,"name":"Android","slug":"android","term_group":0,"term_taxonomy_id":47981,"taxonomy":"post_tag","description":"","parent":0,"count":148,"filter":"raw"},{"term_id":22536748,"name":"Chrome OS","slug":"chrome-os","term_group":0,"term_taxonomy_id":110935,"taxonomy":"post_tag","description":"","parent":0,"count":6,"filter":"raw"},{"term_id":5838766,"name":"Chromebooks","slug":"chromebooks","term_group":0,"term_taxonomy_id":153840,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":81,"name":"Google","slug":"google","term_group":0,"term_taxonomy_id":46827,"taxonomy":"post_tag","description":"","parent":0,"count":1046,"filter":"raw"},{"term_id":981680,"name":"Mobile Operating System","slug":"mobile-operating-system","term_group":0,"term_taxonomy_id":110649,"taxonomy":"post_tag","description":"","parent":0,"count":7,"filter":"raw"},{"term_id":5495,"name":"Operating System","slug":"operating-system","term_group":0,"term_taxonomy_id":116838,"taxonomy":"post_tag","description":"","parent":0,"count":18,"filter":"raw"},{"term_id":4775,"name":"PCs","slug":"pcs","term_group":0,"term_taxonomy_id":112796,"taxonomy":"post_tag","description":"","parent":0,"count":17,"filter":"raw"},{"term_id":1479888,"name":"personal computers","slug":"personal-computers","term_group":0,"term_taxonomy_id":112831,"taxonomy":"post_tag","description":"","parent":0,"count":21,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2968,"filter":"raw"},{"term_id":118779,"name":"Wall Street Journal","slug":"wall-street-journal","term_group":0,"term_taxonomy_id":59641,"taxonomy":"post_tag","description":"","parent":0,"count":25,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Google","slug":"google","url":"http:\/\/fortune.com\/tag\/google\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Company has denied recent media reports.","seo":{"seo_title":"Google\u0027s commitment to Chrome OS: new Chromebooks and features","seo_description":"Despite a report last week that the company was planning to fold Chrome OS into Android, Google is planning new laptops and features.","seo_keywords":"Google, Android, Chrome OS, Chromebooks, operating system, Wall Street Journal, mobile operating system, personal computers, PCs,","seo_news_keywords":"Google, Android, Chrome OS, Chromebooks, operating system, Wall Street Journal, mobile operating system, personal computers, PCs,","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/google-chrome-roadmap\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fgoogle-chrome-roadmap%2F","shortlink":"http:\/\/for.tn\/1GIfxNz","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1GIfxNz","encoded_title":"Here%E2%80%99s+Why+Google+Chromebooks+Aren%E2%80%99t+Going+Away+Anytime+Soon","twitter_text":"Google dismisses WSJ report that Chromebooks will run Android","twitter_via":"FORTUNE","facebook_desc":"Company has denied recent media reports.","facebook_title":"Here\u0027s Why Google Chromebooks Aren\u0027t Going Away Anytime Soon"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23908,"filter":"raw"},"related_posts":[{"id":1403084,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","title":"Google disagrees with Apple on operating systems","content":"\u003Cp\u003EGoogle and Apple may agree on a few things, but when it comes to merging operating systems, they\u0026#8217;re worlds apart.\u003C\/p\u003E\n\u003Cp\u003ESpeaking at the TechCrunch Beijing summit on Monday, Eric Schmidt, the executive chairman of Google\u0026#8217;s parent company Alphabet, \u003Ca href=\u0022http:\/\/www.cnet.com\/news\/android-and-chrome-os-merger-rooted-in-software-advancement\/\u0022\u003Esaid\u003C\/a\u003E that he can see technology \u0026#8220;move forward where it\u0026#8217;s possible you can wrap one (operating system) into the other.\u0026#8221; Schmidt was responding to lingering questions over whether Google may eventually combine its two operating systems, Android and Chrome OS, into one. He wouldn\u0026#8217;t go so far as to say that would happen, but signs seem to point toward that eventuality.\u003C\/p\u003E\n\u003Cp\u003ELast week, the \u003Cem\u003EWall Street Journal\u003C\/em\u003E cited sources who said that \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/\u0022\u003EGoogle has been working for nearly two years to combine features\u003C\/a\u003E built into Chrome OS and Android to eventually offer a single platform that could work across devices. Currently, Google\u0026#8217;s Android operating system runs on smartphones and tablets, while the company\u0026#8217;s cloud-reliant Chrome OS platform is available on both notebooks and desktops. Both, however, come with full integration of Google applications, and Android apps can even run on Chrome OS devices.\u003C\/p\u003E\n\u003Cp\u003ESchmidt\u0026#8217;s comments have further stoked flames that Google is planning to combine its operating systems. It\u0026#8217;s an idea that Trip Chowdhry, managing director at Global Equities Research, believes is a sound one.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;[Google] operating systems share almost 90% of the (same) code,\u0026#8221; Chowdhry says. \u0026#8220;Secondly, Chromes OS on desktop market share is less than 10%, so combining the operating systems makes sense.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EIf Google were to combine its operating systems, it would follow a similar move by Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which has worked to bring the Windows 10 experience from laptops and desktops to tablets and smartphones. The initiative to get Windows 10 running on all types of devices is part of Microsoft\u0026#8217;s \u0026#8220;mobile-first\u0026#8221; initiative.\u003C\/p\u003E\n\u003Cp\u003EApple, however, is a different story. Last month, Apple CEO Tim Cook said that he \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/13\/apple-merge-ios-os-x\/\u0022\u003Ehas no plans whatsoever\u003C\/a\u003E to combine his desktop operating system OS X with his company\u0026#8217;s mobile operating system iOS. While rumors have suggested Apple would\u2014and perhaps should\u2014make such a move, Cook argued that combining one operating system designed for mobile devices and another for computers is a bad idea.\u003C\/p\u003E\n\u003Cp\u003E\u201cWe don\u2019t believe in having one operating system for PC and mobile,\u201d Cook said at the BoxWorks Conference last month. \u201cWe think it subtracts from both, and you don\u2019t get the best experience from either. We\u2019re very much focused on two.\u201d\u003C\/p\u003E\n\u003Cp\u003EInterestingly, many industry experts agreed with Cook\u0026#8217;s assessment. Chowdhry, for instance, said at the time that iOS and OS X combining \u0026#8220;does not make sense.\u0026#8221; Ian Fogg, an analyst at IHS, told \u003Cem\u003EFortune\u003C\/em\u003E that merging Apple\u0026#8217;s operating system would create a \u0026#8220;lowest-common-denominator experience\u0026#8221; for users.\u003C\/p\u003E\n\u003Cp\u003EGoogle, however, is in a different position, the experts say. Android and Chrome OS are staggeringly similar under the hood and both rely heavily on Internet connectivity to deliver their experiences. Apple \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AAPL\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/aapl\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAAPL\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and iOS may share some similar features, such as multitouch gesture support, but they are still different platforms attempting to provide varied experiences. Google\u0026#8217;s operating systems, the experts say, are more easily ported to devices of different sizes.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;It makes sense for Google, but not for Apple,\u0026#8221; Chowdhry says.\u003C\/p\u003E\n\u003Cp\u003EAssuming Google \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022GOOG\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/goog\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EGOOG\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E eventually merges operating systems, questions abound over how it will do it. The \u003Cem\u003EWall Street Journal\u0026#8217;s\u003C\/em\u003E sources say that Google will fold Chrome OS into Android. In a blog post on Monday, though, Google\u0026#8217;s Hiroshi Lockheimer, senior vice president of Android, Chrome OS and Chromecast, attempted to clear the air, saying that his company has no plans to kill Chrome OS.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Over the last few days, there\u2019s been some confusion about the future of Chrome OS and Chromebooks based on speculation that Chrome OS will be folded into Android,\u0026#8221; Lockheimer \u003Ca href=\u0022http:\/\/chrome.blogspot.com\/2015\/11\/chrome-os-is-here-to-stay.html\u0022\u003Ewrote\u003C\/a\u003E in a blog post entitled \u0026#8220;Chrome OS is here to stay.\u0026#8221; \u0026#8220;While we\u2019ve been working on ways to bring together the best of both operating systems, there\u0026#8217;s no plan to phase out Chrome OS.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EA company spokeswoman put a finer point on Lockheimer\u0026#8217;s statement, telling \u003Cem\u003EFortune\u003C\/em\u003E that Chrome OS will not be folded into Android.\u003C\/p\u003E\n\u003Cp\u003EStill, Google has not ruled out the possibility of merging the operating systems and Lockheimer, whose team works on both platforms, says the company is working to \u0026#8220;redefine the different forms Chrome OS can take.\u0026#8221; It\u0026#8217;s possible, therefore, that eventually, Android could find its way to Chrome OS, and it\u0026#8217;ll be a single platform that runs on mobile devices around the world.\u003C\/p\u003E\n\u003Cp\u003EThe big question, however, is when such a move could happen. For now, Google isn\u0026#8217;t saying what its plans are and it\u0026#8217;s unlikely it will until the final move is made. The \u003Cem\u003EWall Street Journal\u0026#8217;s \u003C\/em\u003Esources said that the merger could come down in 2017. Chowdhry was a bit more bullish, saying the combination will happen \u0026#8220;within the next 12 months.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003E\u003Ci\u003E\u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022 target=\u0022_blank\u0022\u003ESign up for Data Sheet\u003C\/a\u003E, Fortune\u2019s daily newsletter about the business of technology.\u003C\/i\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Ci\u003EFor information on the battle between Android and iOS, check out the following Fortune video:\u003C\/i\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002229\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-3451334350001-29\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00223451334350001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1k57Hng\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3D%26ch%3D%26topic%3D\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 02:31:55","updated":"2015-11-02 02:31:55","minute":"2:31 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Google disagrees with Apple on operating systems","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/05\/chromebook.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Chris Ratcliffe \u2014 Bloomberg via Getty Images","caption":"Hands on with a Samsung Electronics Co. Chromebook laptop.","attach_id":"1131580"},"excerpt":"\u003Cp\u003EApple, however, believes keeping operating systems separate is a better idea.\u003C\/p\u003E\n","authors":[{"id":"334654","url":"http:\/\/fortune.com\/author\/don-reisinger\/","name":"Don Reisinger","twitter":"donreisinger","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/f_icon_orange_1.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022F_icon_orange_1 Fortune logo\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/f_icon_orange_1.png?w=150",150,150,true],"bio":"Don Reisinger has been a contributing writer for \u003Cem\u003EFortune\u003C\/em\u003E since 2015.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22101,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":119606,"name":"Alphabet","slug":"alphabet","term_group":0,"term_taxonomy_id":140623,"taxonomy":"post_tag","description":"","parent":0,"count":38,"filter":"raw"},{"term_id":641922,"name":"Android","slug":"android","term_group":0,"term_taxonomy_id":47981,"taxonomy":"post_tag","description":"","parent":0,"count":148,"filter":"raw"},{"term_id":291,"name":"Apple","slug":"apple","term_group":0,"term_taxonomy_id":46826,"taxonomy":"post_tag","description":"","parent":0,"count":2063,"filter":"raw"},{"term_id":367314,"name":"Chrome","slug":"chrome","term_group":0,"term_taxonomy_id":109856,"taxonomy":"post_tag","description":"","parent":0,"count":10,"filter":"raw"},{"term_id":22536748,"name":"Chrome OS","slug":"chrome-os","term_group":0,"term_taxonomy_id":110935,"taxonomy":"post_tag","description":"","parent":0,"count":6,"filter":"raw"},{"term_id":1169,"name":"Computers","slug":"computers","term_group":0,"term_taxonomy_id":112810,"taxonomy":"post_tag","description":"","parent":0,"count":21,"filter":"raw"},{"term_id":114540,"name":"Eric Schmidt","slug":"eric-schmidt","term_group":0,"term_taxonomy_id":51175,"taxonomy":"post_tag","description":"","parent":0,"count":20,"filter":"raw"},{"term_id":81,"name":"Google","slug":"google","term_group":0,"term_taxonomy_id":46827,"taxonomy":"post_tag","description":"","parent":0,"count":1046,"filter":"raw"},{"term_id":324281,"name":"iOS","slug":"ios","term_group":0,"term_taxonomy_id":53155,"taxonomy":"post_tag","description":"","parent":0,"count":69,"filter":"raw"},{"term_id":120,"name":"Mobile","slug":"mobile","term_group":0,"term_taxonomy_id":55132,"taxonomy":"post_tag","description":"","parent":0,"count":371,"filter":"raw"},{"term_id":5310,"name":"Notebooks","slug":"notebooks","term_group":0,"term_taxonomy_id":126340,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":3015,"name":"operating systems","slug":"operating-systems","term_group":0,"term_taxonomy_id":55963,"taxonomy":"post_tag","description":"","parent":0,"count":12,"filter":"raw"},{"term_id":2438,"name":"OS X","slug":"os-x","term_group":0,"term_taxonomy_id":117722,"taxonomy":"post_tag","description":"","parent":0,"count":9,"filter":"raw"},{"term_id":4775,"name":"PCs","slug":"pcs","term_group":0,"term_taxonomy_id":112796,"taxonomy":"post_tag","description":"","parent":0,"count":17,"filter":"raw"},{"term_id":38616,"name":"smartphones","slug":"smartphones","term_group":0,"term_taxonomy_id":57928,"taxonomy":"post_tag","description":"","parent":0,"count":180,"filter":"raw"},{"term_id":581,"name":"Software","slug":"software","term_group":0,"term_taxonomy_id":58000,"taxonomy":"post_tag","description":"","parent":0,"count":81,"filter":"raw"},{"term_id":270794,"name":"tablets","slug":"tablets","term_group":0,"term_taxonomy_id":58538,"taxonomy":"post_tag","description":"","parent":0,"count":42,"filter":"raw"},{"term_id":792407,"name":"Tim Cook","slug":"tim-cook","term_group":0,"term_taxonomy_id":58929,"taxonomy":"post_tag","description":"","parent":0,"count":206,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Google","slug":"google","url":"http:\/\/fortune.com\/tag\/google\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Apple, however, believes keeping operating systems separate is a better idea.","seo":{"seo_title":"Google has plans for combining Android, Chrome OS\u2014eventually","seo_description":"Eric Schmidt, of Google\u0027s parent, says combining operating systems is \u0022possible,\u0022 but talk of Chrome OS going away is far from reality.","seo_keywords":"Google, Android, Chrome, Chrome OS, operating systems, software, Alphabet, mobile, notebooks, PCs, computers, smartphones, tablets, iOS, OS X, Apple, Tim Cook, Eric Schmidt","seo_news_keywords":"Google, Android, Chrome, Chrome OS, operating systems, software, Alphabet, mobile, notebooks, PCs, computers, smartphones, tablets, iOS, OS X, Apple, Tim Cook, Eric Schmidt","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fgoogle-disagrees-with-apple-on-operating-systems%2F","shortlink":"http:\/\/for.tn\/1k57Hng","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1k57Hng","encoded_title":"Google+disagrees+with+Apple+on+operating+systems","twitter_text":"Google disagrees with Apple on operating systems","twitter_via":"FORTUNE","facebook_desc":"Eric Schmidt, of Google\u0027s parent, says combining operating systems is \u0022possible,\u0022 but talk of Chrome OS going away is far from reality.","facebook_title":"Google has plans for combining Android, Chrome OS\u2014eventually"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23905,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1403084-0","in-article-ad-1403084-1","in-article-ad-1403084-2"]},{"id":1399342,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/google-chrome-os-android-merger\/","title":"Google merging Chrome OS and Android? Not so fast","content":"\u003Cp\u003EOn Thursday, the \u003Ca href=\u0022http:\/\/www.wsj.com\/article_email\/alphabets-google-to-fold-chrome-operating-system-into-android-1446151134-lMyQjAxMTA1NzIxOTAyMzk4Wj\u0022\u003E\u003Cem\u003EThe Wall Street Journal\u003C\/em\u003E\u003C\/a\u003E published a report claiming that Google \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022GOOG\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/goog\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EGOOG\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is in the process of merging its two operating systems: Chrome OS and Android.\u003C\/p\u003E\n\u003Cp\u003EAccording to the \u003Cem\u003EJournal\u2019s\u003C\/em\u003E sources, Chrome OS would cease to exist after being folded into Android sometime in 2017. Combining the two operating systems has been in the works for nearly two years, the report said.\u003C\/p\u003E\n\u003Cp\u003EGoogle\u0026#8217;s Chrome OS runs on laptop and desktop computers, and has gained traction in the education sector. Android powers 1.4 billion smartphones, tablets, and watches.\u003C\/p\u003E\n\u003Cp\u003EShortly after the \u003Cem\u003EJournal\u2019s\u003C\/em\u003E story appeared, Google\u0026#8217;s newly appointed senior vice president for Android and Chrome, Hiroshi Lockheimer, took to \u003Ca href=\u0022https:\/\/twitter.com\/lockheimer\/status\/659939015429255168\u0022\u003ETwitter\u003C\/a\u003E to refute the Journal\u2019s report, stating, \u201cWe are very committed to Chrome OS.\u201d\u003C\/p\u003E\n\u003Cp\u003EA Google spokesperson has since confirmed to \u003Cem\u003EFortune\u003C\/em\u003E that the company intends to keep Chrome OS around for the foreseeable future, and is still pursuing Chromebook partnerships, specifically in education.\u003C\/p\u003E\n\u003Cp\u003EDespite assurances (likely aimed to calm the fears among current and potential partners), doing away with Chrome OS in favor of Android isn\u2019t such a bad idea because of how successful Android has become.\u003C\/p\u003E\n\u003Cp\u003EIf anything, it\u2019s a move that\u2019s been foreshadowed for the past two years. First with Google adding the ability to run Android apps on Chrome OS, and second with Chrome OS adopting a more touch-friendly interface in 2-in\u20131 Chromebooks that can be transformed into something akin to a tablet.\u003C\/p\u003E\n\u003Cp\u003EIn fact, I noted the similarities in my review of the \u003Ca href=\u0022http:\/\/fortune.com\/2015\/07\/17\/review-asus-chromebook-flip\/\u0022\u003EASUS Chromebook Flip\u003C\/a\u003E back in July saying, \u201dI can\u2019t help but wonder when the company will offer users a Chrome OS tablet.\u201d\u003C\/p\u003E\n\u003Cp\u003EThe two platforms would benefit from borrowing features from one another, such as bringing Chrome OS\u0026#8217;s multitasking-experience to Android, and adding the Play Store (with its \u003Ca href=\u0022http:\/\/www.appbrain.com\/stats\/number-of-android-apps\u0022\u003E1.75 million Android apps\u003C\/a\u003E) to Chrome OS. Furthermore, Android would benefit from Chrome OS\u0026#8217;s security features, which would shore up an area in which the mobile platform has long struggled.\u003C\/p\u003E\n\u003Cp\u003ECombining two operating systems, one designed for a larger screen and the other for mobile devices, isn\u2019t unheard of. Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E merged its desktop and mobile platforms with Windows 10 in an effort to streamline the user experience across all Windows devices. Microsoft also provided developers with tools to create universal apps, which will run on any Windows 10 device \u2014 be it a computer or a smartphone.\u003C\/p\u003E\n\u003Cp\u003EOn the other hand, Apple has stated it has no plans to merge iOS and OS X into one platform.\u003C\/p\u003E\n\u003Cp\u003EGoogle\u0026#8217;s quick response to the \u003Cem\u003EJournal\u003C\/em\u003E report can be taken one of two ways: Google truly is committed to Chrome OS far beyond 2017, and perhaps is only investigating the logistics of a hybrid OS. Or the company does plan to fold Chrome OS into Android, but it doesn\u0026#8217;t want the platform to lose momentum in the interim.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EFor more about Google Chrome, watch this Fortune video:\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002230\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4278377541001-30\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224278377541001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1kZdU4o\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dadobeflash%2Cadvertisers%2Cautoplayflash%2Cbusinessnews%2Cgoogle%2Cgooglechrome%2Cgooglechrometostopautoplayflash%2Cgooglechrometostopflash%2Cgooglenews%2Chtml5%2Conlineadvertising%26ch%3Dtech%26topic%3Dgoogle\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 05:04:20","updated":"2015-10-30 05:04:20","minute":"5:04 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Google merging Chrome OS and Android? Not so fast","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/05\/chromebook.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Chris Ratcliffe \u2014 Bloomberg via Getty Images","caption":"Hands on with a Samsung Electronics Co. Chromebook laptop.","attach_id":"1131580"},"excerpt":"\u003Cp\u003EThe two platforms drive different devices. But would combining them really be a bad thing? \u003C\/p\u003E\n","authors":[{"id":"273091","url":"http:\/\/fortune.com\/author\/jason-cipriani\/","name":"Jason Cipriani","twitter":"MrCippy","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jason-cipriani-900px-sq2.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022jason-cipriani-900px-sq2\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jason-cipriani-900px-sq2.png?w=150",150,150,true],"bio":"Jason Cipriani has been contributing to \u003Cem\u003EFortune\u003C\/em\u003E since 2014. He currently writes \u0022Logged In,\u0022 a weekly personal technology column.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22084,"object_id":1399342,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":641922,"name":"Android","slug":"android","term_group":0,"term_taxonomy_id":47981,"taxonomy":"post_tag","description":"","parent":0,"count":147,"object_id":1399342,"filter":"raw"},{"term_id":14813622,"name":"Android devices","slug":"android-devices","term_group":0,"term_taxonomy_id":153841,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1399342,"filter":"raw"},{"term_id":22536748,"name":"Chrome OS","slug":"chrome-os","term_group":0,"term_taxonomy_id":110935,"taxonomy":"post_tag","description":"","parent":0,"count":5,"object_id":1399342,"filter":"raw"},{"term_id":5838766,"name":"Chromebooks","slug":"chromebooks","term_group":0,"term_taxonomy_id":153840,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1399342,"filter":"raw"},{"term_id":1169,"name":"Computers","slug":"computers","term_group":0,"term_taxonomy_id":112810,"taxonomy":"post_tag","description":"","parent":0,"count":20,"object_id":1399342,"filter":"raw"},{"term_id":81,"name":"Google","slug":"google","term_group":0,"term_taxonomy_id":46827,"taxonomy":"post_tag","description":"","parent":0,"count":1045,"object_id":1399342,"filter":"raw"},{"term_id":38616,"name":"smartphones","slug":"smartphones","term_group":0,"term_taxonomy_id":57928,"taxonomy":"post_tag","description":"","parent":0,"count":178,"object_id":1399342,"filter":"raw"},{"term_id":270794,"name":"tablets","slug":"tablets","term_group":0,"term_taxonomy_id":58538,"taxonomy":"post_tag","description":"","parent":0,"count":41,"object_id":1399342,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Google","slug":"google","url":"http:\/\/fortune.com\/tag\/google\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The two platforms drive different devices. But would combining them really be a bad thing?","seo":{"seo_title":"Google insists it isn\u0027t killing Chrome OS","seo_description":"A recent report claimed Google plans to merge Android and Chrome OS into one platform.","seo_keywords":"Google, Chrome, Chrome OS, Chromebook, Android, Android smartphones, watches, smartwatches, tablets, Chrome merge Android,","seo_news_keywords":"Google, Chrome, Chrome OS, Chromebook, Android, Android smartphones, watches, smartwatches, tablets, Chrome merge Android, Chrome OS merged into Android","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fgoogle-chrome-os-android-merger%2F","shortlink":"http:\/\/for.tn\/1kZdU4o","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1kZdU4o","encoded_title":"Google+merging+Chrome+OS+and+Android%3F+Not+so+fast","twitter_text":"Google merging Chrome OS and Android? Not so fast","twitter_via":"FORTUNE","facebook_desc":"A recent report claimed Google plans to merge Android and Chrome OS into one platform.","facebook_title":"Google insists it isn\u0027t killing Chrome OS"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23874,"object_id":1399342,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1399342-0","in-article-ad-1399342-1","in-article-ad-1399342-2"]},{"id":1397258,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/google-android-chrome\/","title":"Google has a big change in store for Chrome","content":"\u003Cp\u003EGoogle plans to fold its Chrome operating system for laptop computers into Android, which powers its mobile devices, according to a \u003Cem\u003E\u003Ca href=\u0022http:\/\/www.wsj.com\/articles\/alphabets-google-to-fold-chrome-operating-system-into-android-1446151134\u0022\u003EWall Street Journal\u003C\/a\u003E\u003C\/em\u003E report citing anonymous sources.\u003C\/p\u003E\n\u003Cp\u003EEngineers at the company have been working on the project for a couple of years already, the report said, which Google \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022GOOG\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/goog\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EGOOG\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E plans to unveil next year and make publicly available in 2017.\u003C\/p\u003E\n\u003Cp\u003EAndroid, which Google acquired in 2005, is the most widely used mobile operating system, powering more than 1 billion smartphones and other devices globally. Chrome, on the other hand, was developed in-house for Google\u0026#8217;s lightweight laptops, called Chromebooks, and is mostly focused on browser-based applications.\u003C\/p\u003E\n\u003Cp\u003EChromebooks account for only 3% of the personal computer market, according to research firm IDG.\u003C\/p\u003E\n\u003Cp\u003ECombining the two operating systems will mean that the new version of Android will also run on personal computers, giving users access to the Google Play app store, according to the report. This is likely to appeal to independent developers whose apps could be used on personal computers in addition to mobile devices.\u003C\/p\u003E\n\u003Cp\u003EThe change will mean a new name for Chromebooks, though the company\u0026#8217;s web browser will retain the Chrome name, according to the \u003Cem\u003EJournal\u003C\/em\u003E\u0026#8216;s sources.\u003C\/p\u003E\n\u003Cp\u003EThis follows in the footsteps of Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which has created version of its Windows 10 operating system for both computers and its mobile devices. Apple \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AAPL\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/aapl\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAAPL\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, on the other hand, has maintained two separate systems, one for mobile devices and one for its computers.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022\u003ESubscribe to Data Sheet\u003C\/a\u003E, Fortune\u2019s daily newsletter on the business of technology.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EFor more about Google, watch this Fortune video:\u003C\/em\u003E\u003C\/p\u003E\n\u003Cdiv 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value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dfutureofwork%2Cgoogleglass%2Cgoogleglassrevamp%2Cgoogleglassrevampontheway%2Cgoogleprojectaura%2Cgooglewearabledevices%2Cgooglewearables%2Cprojectaurafromgoogle%2Ctechnews%26ch%3Dtech%26topic%3Dfutureofwork\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 06:48:40","updated":"2015-10-29 06:48:40","minute":"6:48 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Google has a big change in store for Chrome ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/08\/gettyimages-482411460.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Bloomberg via Getty Images","caption":"Google\u0026#039;s Android mobile OS.","attach_id":"1251769"},"excerpt":"\u003Cp\u003EThe tech giant is reportedly working on making Android its operating system for PCs in addition to mobile devices. \u003C\/p\u003E\n","authors":[{"id":"1024641","url":"http:\/\/fortune.com\/author\/kia-kokalitcheva\/","name":"Kia Kokalitcheva","twitter":"imkialikethecar","gplus":"","email":"kia.kokalitcheva@fortune.com","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022kia kokalitcheva (318) square crop\u0022 \/\u003E","thumbnail_alt":"kia kokalitcheva (318) square crop","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026w=150",150,150,true],"bio":"Kia Kokalitcheva is a reporter at \u003Cem\u003EFortune\u003C\/em\u003E. She covers technology and Silicon Valley with a focus on the \u0022on-demand economy.\u0022 She is based in San Francisco.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22074,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data 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System","slug":"operating-system","term_group":0,"term_taxonomy_id":116838,"taxonomy":"post_tag","description":"","parent":0,"count":18,"filter":"raw"},{"term_id":10652116,"name":"Sundar Pichai","slug":"sundar-pichai","term_group":0,"term_taxonomy_id":112253,"taxonomy":"post_tag","description":"","parent":0,"count":9,"filter":"raw"},{"term_id":151,"name":"web","slug":"web","term_group":0,"term_taxonomy_id":120073,"taxonomy":"post_tag","description":"","parent":0,"count":6,"filter":"raw"},{"term_id":1986749,"name":"Windows 10","slug":"windows-10","term_group":0,"term_taxonomy_id":116837,"taxonomy":"post_tag","description":"","parent":0,"count":51,"filter":"raw"},{"term_id":1011452,"name":"X OS","slug":"x-os","term_group":0,"term_taxonomy_id":153675,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Google","slug":"google","url":"http:\/\/fortune.com\/tag\/google\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The tech giant is reportedly working on making Android its operating system for PCs in addition to mobile devices.","seo":{"seo_title":"Google to fold its Chrome operating system into Android","seo_description":"Google is reportedly working on retiring Chrome and making Android its operating system for PCs in addition to mobile devices.","seo_keywords":"Google, Android, Chrome OS, Alphabet, Sundar Pichai, operating system, mobile devices, Chrome, Apple, iOS, X OS, Microsoft, Windows 10, web, app store,","seo_news_keywords":"Google, Android, Chrome OS, Alphabet, Sundar Pichai, operating system, mobile devices, Chrome, Apple, iOS, X OS, Microsoft, Windows 10, web, app store,","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F29%2Fgoogle-android-chrome%2F","shortlink":"http:\/\/for.tn\/1kWEPxM","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1kWEPxM","encoded_title":"Google+has+a+big+change+in+store+for+Chrome","twitter_text":"Google has a big change in store for Chrome ","twitter_via":"FORTUNE","facebook_desc":"Google is reportedly working on retiring Chrome and making Android its operating system for PCs in addition to mobile devices.","facebook_title":"Google to fold its Chrome operating system into Android"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23876,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1397258-0","in-article-ad-1397258-1","in-article-ad-1397258-2"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1403084,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","title":"Google disagrees with Apple on operating systems","content":"\u003Cp\u003EGoogle and Apple may agree on a few things, but when it comes to merging operating systems, they\u0026#8217;re worlds apart.\u003C\/p\u003E\n\u003Cp\u003ESpeaking at the TechCrunch Beijing summit on Monday, Eric Schmidt, the executive chairman of Google\u0026#8217;s parent company Alphabet, \u003Ca href=\u0022http:\/\/www.cnet.com\/news\/android-and-chrome-os-merger-rooted-in-software-advancement\/\u0022\u003Esaid\u003C\/a\u003E that he can see technology \u0026#8220;move forward where it\u0026#8217;s possible you can wrap one (operating system) into the other.\u0026#8221; Schmidt was responding to lingering questions over whether Google may eventually combine its two operating systems, Android and Chrome OS, into one. He wouldn\u0026#8217;t go so far as to say that would happen, but signs seem to point toward that eventuality.\u003C\/p\u003E\n\u003Cp\u003ELast week, the \u003Cem\u003EWall Street Journal\u003C\/em\u003E cited sources who said that \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/\u0022\u003EGoogle has been working for nearly two years to combine features\u003C\/a\u003E built into Chrome OS and Android to eventually offer a single platform that could work across devices. Currently, Google\u0026#8217;s Android operating system runs on smartphones and tablets, while the company\u0026#8217;s cloud-reliant Chrome OS platform is available on both notebooks and desktops. Both, however, come with full integration of Google applications, and Android apps can even run on Chrome OS devices.\u003C\/p\u003E\n\u003Cp\u003ESchmidt\u0026#8217;s comments have further stoked flames that Google is planning to combine its operating systems. It\u0026#8217;s an idea that Trip Chowdhry, managing director at Global Equities Research, believes is a sound one.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;[Google] operating systems share almost 90% of the (same) code,\u0026#8221; Chowdhry says. \u0026#8220;Secondly, Chromes OS on desktop market share is less than 10%, so combining the operating systems makes sense.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EIf Google were to combine its operating systems, it would follow a similar move by Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which has worked to bring the Windows 10 experience from laptops and desktops to tablets and smartphones. The initiative to get Windows 10 running on all types of devices is part of Microsoft\u0026#8217;s \u0026#8220;mobile-first\u0026#8221; initiative.\u003C\/p\u003E\n\u003Cp\u003EApple, however, is a different story. Last month, Apple CEO Tim Cook said that he \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/13\/apple-merge-ios-os-x\/\u0022\u003Ehas no plans whatsoever\u003C\/a\u003E to combine his desktop operating system OS X with his company\u0026#8217;s mobile operating system iOS. While rumors have suggested Apple would\u2014and perhaps should\u2014make such a move, Cook argued that combining one operating system designed for mobile devices and another for computers is a bad idea.\u003C\/p\u003E\n\u003Cp\u003E\u201cWe don\u2019t believe in having one operating system for PC and mobile,\u201d Cook said at the BoxWorks Conference last month. \u201cWe think it subtracts from both, and you don\u2019t get the best experience from either. We\u2019re very much focused on two.\u201d\u003C\/p\u003E\n\u003Cp\u003EInterestingly, many industry experts agreed with Cook\u0026#8217;s assessment. Chowdhry, for instance, said at the time that iOS and OS X combining \u0026#8220;does not make sense.\u0026#8221; Ian Fogg, an analyst at IHS, told \u003Cem\u003EFortune\u003C\/em\u003E that merging Apple\u0026#8217;s operating system would create a \u0026#8220;lowest-common-denominator experience\u0026#8221; for users.\u003C\/p\u003E\n\u003Cp\u003EGoogle, however, is in a different position, the experts say. Android and Chrome OS are staggeringly similar under the hood and both rely heavily on Internet connectivity to deliver their experiences. Apple \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AAPL\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/aapl\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAAPL\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and iOS may share some similar features, such as multitouch gesture support, but they are still different platforms attempting to provide varied experiences. Google\u0026#8217;s operating systems, the experts say, are more easily ported to devices of different sizes.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;It makes sense for Google, but not for Apple,\u0026#8221; Chowdhry says.\u003C\/p\u003E\n\u003Cp\u003EAssuming Google \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022GOOG\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/goog\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EGOOG\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E eventually merges operating systems, questions abound over how it will do it. The \u003Cem\u003EWall Street Journal\u0026#8217;s\u003C\/em\u003E sources say that Google will fold Chrome OS into Android. In a blog post on Monday, though, Google\u0026#8217;s Hiroshi Lockheimer, senior vice president of Android, Chrome OS and Chromecast, attempted to clear the air, saying that his company has no plans to kill Chrome OS.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Over the last few days, there\u2019s been some confusion about the future of Chrome OS and Chromebooks based on speculation that Chrome OS will be folded into Android,\u0026#8221; Lockheimer \u003Ca href=\u0022http:\/\/chrome.blogspot.com\/2015\/11\/chrome-os-is-here-to-stay.html\u0022\u003Ewrote\u003C\/a\u003E in a blog post entitled \u0026#8220;Chrome OS is here to stay.\u0026#8221; \u0026#8220;While we\u2019ve been working on ways to bring together the best of both operating systems, there\u0026#8217;s no plan to phase out Chrome OS.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EA company spokeswoman put a finer point on Lockheimer\u0026#8217;s statement, telling \u003Cem\u003EFortune\u003C\/em\u003E that Chrome OS will not be folded into Android.\u003C\/p\u003E\n\u003Cp\u003EStill, Google has not ruled out the possibility of merging the operating systems and Lockheimer, whose team works on both platforms, says the company is working to \u0026#8220;redefine the different forms Chrome OS can take.\u0026#8221; It\u0026#8217;s possible, therefore, that eventually, Android could find its way to Chrome OS, and it\u0026#8217;ll be a single platform that runs on mobile devices around the world.\u003C\/p\u003E\n\u003Cp\u003EThe big question, however, is when such a move could happen. For now, Google isn\u0026#8217;t saying what its plans are and it\u0026#8217;s unlikely it will until the final move is made. The \u003Cem\u003EWall Street Journal\u0026#8217;s \u003C\/em\u003Esources said that the merger could come down in 2017. Chowdhry was a bit more bullish, saying the combination will happen \u0026#8220;within the next 12 months.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003E\u003Ci\u003E\u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022 target=\u0022_blank\u0022\u003ESign up for Data Sheet\u003C\/a\u003E, Fortune\u2019s daily newsletter about the business of technology.\u003C\/i\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Ci\u003EFor information on the battle between Android and iOS, check out the following Fortune video:\u003C\/i\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00224\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-3451334350001-4\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00223451334350001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1k57Hng\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3D%26ch%3D%26topic%3D\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 02:31:55","updated":"2015-11-02 02:31:55","minute":"2:31 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Google disagrees with Apple on operating systems","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/05\/chromebook.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Chris Ratcliffe \u2014 Bloomberg via Getty Images","caption":"Hands on with a Samsung Electronics Co. Chromebook laptop.","attach_id":"1131580"},"excerpt":"\u003Cp\u003EApple, however, believes keeping operating systems separate is a better idea.\u003C\/p\u003E\n","authors":[{"id":"334654","url":"http:\/\/fortune.com\/author\/don-reisinger\/","name":"Don Reisinger","twitter":"donreisinger","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/f_icon_orange_1.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022F_icon_orange_1 Fortune logo\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/f_icon_orange_1.png?w=150",150,150,true],"bio":"Don Reisinger has been a contributing writer for \u003Cem\u003EFortune\u003C\/em\u003E since 2015.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22101,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":119606,"name":"Alphabet","slug":"alphabet","term_group":0,"term_taxonomy_id":140623,"taxonomy":"post_tag","description":"","parent":0,"count":38,"filter":"raw"},{"term_id":641922,"name":"Android","slug":"android","term_group":0,"term_taxonomy_id":47981,"taxonomy":"post_tag","description":"","parent":0,"count":148,"filter":"raw"},{"term_id":291,"name":"Apple","slug":"apple","term_group":0,"term_taxonomy_id":46826,"taxonomy":"post_tag","description":"","parent":0,"count":2063,"filter":"raw"},{"term_id":367314,"name":"Chrome","slug":"chrome","term_group":0,"term_taxonomy_id":109856,"taxonomy":"post_tag","description":"","parent":0,"count":10,"filter":"raw"},{"term_id":22536748,"name":"Chrome OS","slug":"chrome-os","term_group":0,"term_taxonomy_id":110935,"taxonomy":"post_tag","description":"","parent":0,"count":6,"filter":"raw"},{"term_id":1169,"name":"Computers","slug":"computers","term_group":0,"term_taxonomy_id":112810,"taxonomy":"post_tag","description":"","parent":0,"count":21,"filter":"raw"},{"term_id":114540,"name":"Eric Schmidt","slug":"eric-schmidt","term_group":0,"term_taxonomy_id":51175,"taxonomy":"post_tag","description":"","parent":0,"count":20,"filter":"raw"},{"term_id":81,"name":"Google","slug":"google","term_group":0,"term_taxonomy_id":46827,"taxonomy":"post_tag","description":"","parent":0,"count":1046,"filter":"raw"},{"term_id":324281,"name":"iOS","slug":"ios","term_group":0,"term_taxonomy_id":53155,"taxonomy":"post_tag","description":"","parent":0,"count":69,"filter":"raw"},{"term_id":120,"name":"Mobile","slug":"mobile","term_group":0,"term_taxonomy_id":55132,"taxonomy":"post_tag","description":"","parent":0,"count":371,"filter":"raw"},{"term_id":5310,"name":"Notebooks","slug":"notebooks","term_group":0,"term_taxonomy_id":126340,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":3015,"name":"operating systems","slug":"operating-systems","term_group":0,"term_taxonomy_id":55963,"taxonomy":"post_tag","description":"","parent":0,"count":12,"filter":"raw"},{"term_id":2438,"name":"OS X","slug":"os-x","term_group":0,"term_taxonomy_id":117722,"taxonomy":"post_tag","description":"","parent":0,"count":9,"filter":"raw"},{"term_id":4775,"name":"PCs","slug":"pcs","term_group":0,"term_taxonomy_id":112796,"taxonomy":"post_tag","description":"","parent":0,"count":17,"filter":"raw"},{"term_id":38616,"name":"smartphones","slug":"smartphones","term_group":0,"term_taxonomy_id":57928,"taxonomy":"post_tag","description":"","parent":0,"count":180,"filter":"raw"},{"term_id":581,"name":"Software","slug":"software","term_group":0,"term_taxonomy_id":58000,"taxonomy":"post_tag","description":"","parent":0,"count":81,"filter":"raw"},{"term_id":270794,"name":"tablets","slug":"tablets","term_group":0,"term_taxonomy_id":58538,"taxonomy":"post_tag","description":"","parent":0,"count":42,"filter":"raw"},{"term_id":792407,"name":"Tim Cook","slug":"tim-cook","term_group":0,"term_taxonomy_id":58929,"taxonomy":"post_tag","description":"","parent":0,"count":206,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Google","slug":"google","url":"http:\/\/fortune.com\/tag\/google\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Apple, however, believes keeping operating systems separate is a better idea.","seo":{"seo_title":"Google has plans for combining Android, Chrome OS\u2014eventually","seo_description":"Eric Schmidt, of Google\u0027s parent, says combining operating systems is \u0022possible,\u0022 but talk of Chrome OS going away is far from reality.","seo_keywords":"Google, Android, Chrome, Chrome OS, operating systems, software, Alphabet, mobile, notebooks, PCs, computers, smartphones, tablets, iOS, OS X, Apple, Tim Cook, Eric Schmidt","seo_news_keywords":"Google, Android, Chrome, Chrome OS, operating systems, software, Alphabet, mobile, notebooks, PCs, computers, smartphones, tablets, iOS, OS X, Apple, Tim Cook, Eric Schmidt","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fgoogle-disagrees-with-apple-on-operating-systems%2F","shortlink":"http:\/\/for.tn\/1k57Hng","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1k57Hng","encoded_title":"Google+disagrees+with+Apple+on+operating+systems","twitter_text":"Google disagrees with Apple on operating systems","twitter_via":"FORTUNE","facebook_desc":"Eric Schmidt, of Google\u0027s parent, says combining operating systems is \u0022possible,\u0022 but talk of Chrome OS going away is far from reality.","facebook_title":"Google has plans for combining Android, Chrome OS\u2014eventually"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23905,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1403084-0","in-article-ad-1403084-1","in-article-ad-1403084-2"]},{"id":1399342,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/google-chrome-os-android-merger\/","title":"Google merging Chrome OS and Android? Not so fast","content":"\u003Cp\u003EOn Thursday, the \u003Ca href=\u0022http:\/\/www.wsj.com\/article_email\/alphabets-google-to-fold-chrome-operating-system-into-android-1446151134-lMyQjAxMTA1NzIxOTAyMzk4Wj\u0022\u003E\u003Cem\u003EThe Wall Street Journal\u003C\/em\u003E\u003C\/a\u003E published a report claiming that Google \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022GOOG\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/goog\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EGOOG\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is in the process of merging its two operating systems: Chrome OS and Android.\u003C\/p\u003E\n\u003Cp\u003EAccording to the \u003Cem\u003EJournal\u2019s\u003C\/em\u003E sources, Chrome OS would cease to exist after being folded into Android sometime in 2017. Combining the two operating systems has been in the works for nearly two years, the report said.\u003C\/p\u003E\n\u003Cp\u003EGoogle\u0026#8217;s Chrome OS runs on laptop and desktop computers, and has gained traction in the education sector. Android powers 1.4 billion smartphones, tablets, and watches.\u003C\/p\u003E\n\u003Cp\u003EShortly after the \u003Cem\u003EJournal\u2019s\u003C\/em\u003E story appeared, Google\u0026#8217;s newly appointed senior vice president for Android and Chrome, Hiroshi Lockheimer, took to \u003Ca href=\u0022https:\/\/twitter.com\/lockheimer\/status\/659939015429255168\u0022\u003ETwitter\u003C\/a\u003E to refute the Journal\u2019s report, stating, \u201cWe are very committed to Chrome OS.\u201d\u003C\/p\u003E\n\u003Cp\u003EA Google spokesperson has since confirmed to \u003Cem\u003EFortune\u003C\/em\u003E that the company intends to keep Chrome OS around for the foreseeable future, and is still pursuing Chromebook partnerships, specifically in education.\u003C\/p\u003E\n\u003Cp\u003EDespite assurances (likely aimed to calm the fears among current and potential partners), doing away with Chrome OS in favor of Android isn\u2019t such a bad idea because of how successful Android has become.\u003C\/p\u003E\n\u003Cp\u003EIf anything, it\u2019s a move that\u2019s been foreshadowed for the past two years. First with Google adding the ability to run Android apps on Chrome OS, and second with Chrome OS adopting a more touch-friendly interface in 2-in\u20131 Chromebooks that can be transformed into something akin to a tablet.\u003C\/p\u003E\n\u003Cp\u003EIn fact, I noted the similarities in my review of the \u003Ca href=\u0022http:\/\/fortune.com\/2015\/07\/17\/review-asus-chromebook-flip\/\u0022\u003EASUS Chromebook Flip\u003C\/a\u003E back in July saying, \u201dI can\u2019t help but wonder when the company will offer users a Chrome OS tablet.\u201d\u003C\/p\u003E\n\u003Cp\u003EThe two platforms would benefit from borrowing features from one another, such as bringing Chrome OS\u0026#8217;s multitasking-experience to Android, and adding the Play Store (with its \u003Ca href=\u0022http:\/\/www.appbrain.com\/stats\/number-of-android-apps\u0022\u003E1.75 million Android apps\u003C\/a\u003E) to Chrome OS. Furthermore, Android would benefit from Chrome OS\u0026#8217;s security features, which would shore up an area in which the mobile platform has long struggled.\u003C\/p\u003E\n\u003Cp\u003ECombining two operating systems, one designed for a larger screen and the other for mobile devices, isn\u2019t unheard of. Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E merged its desktop and mobile platforms with Windows 10 in an effort to streamline the user experience across all Windows devices. Microsoft also provided developers with tools to create universal apps, which will run on any Windows 10 device \u2014 be it a computer or a smartphone.\u003C\/p\u003E\n\u003Cp\u003EOn the other hand, Apple has stated it has no plans to merge iOS and OS X into one platform.\u003C\/p\u003E\n\u003Cp\u003EGoogle\u0026#8217;s quick response to the \u003Cem\u003EJournal\u003C\/em\u003E report can be taken one of two ways: Google truly is committed to Chrome OS far beyond 2017, and perhaps is only investigating the logistics of a hybrid OS. Or the company does plan to fold Chrome OS into Android, but it doesn\u0026#8217;t want the platform to lose momentum in the interim.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EFor more about Google Chrome, watch this Fortune video:\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00225\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4278377541001-5\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224278377541001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1kZdU4o\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dadobeflash%2Cadvertisers%2Cautoplayflash%2Cbusinessnews%2Cgoogle%2Cgooglechrome%2Cgooglechrometostopautoplayflash%2Cgooglechrometostopflash%2Cgooglenews%2Chtml5%2Conlineadvertising%26ch%3Dtech%26topic%3Dgoogle\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 05:04:20","updated":"2015-10-30 05:04:20","minute":"5:04 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Google merging Chrome OS and Android? Not so fast","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/05\/chromebook.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Chris Ratcliffe \u2014 Bloomberg via Getty Images","caption":"Hands on with a Samsung Electronics Co. Chromebook laptop.","attach_id":"1131580"},"excerpt":"\u003Cp\u003EThe two platforms drive different devices. But would combining them really be a bad thing? \u003C\/p\u003E\n","authors":[{"id":"273091","url":"http:\/\/fortune.com\/author\/jason-cipriani\/","name":"Jason Cipriani","twitter":"MrCippy","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jason-cipriani-900px-sq2.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022jason-cipriani-900px-sq2\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jason-cipriani-900px-sq2.png?w=150",150,150,true],"bio":"Jason Cipriani has been contributing to \u003Cem\u003EFortune\u003C\/em\u003E since 2014. He currently writes \u0022Logged In,\u0022 a weekly personal technology column.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22084,"object_id":1399342,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":641922,"name":"Android","slug":"android","term_group":0,"term_taxonomy_id":47981,"taxonomy":"post_tag","description":"","parent":0,"count":147,"object_id":1399342,"filter":"raw"},{"term_id":14813622,"name":"Android devices","slug":"android-devices","term_group":0,"term_taxonomy_id":153841,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1399342,"filter":"raw"},{"term_id":22536748,"name":"Chrome OS","slug":"chrome-os","term_group":0,"term_taxonomy_id":110935,"taxonomy":"post_tag","description":"","parent":0,"count":5,"object_id":1399342,"filter":"raw"},{"term_id":5838766,"name":"Chromebooks","slug":"chromebooks","term_group":0,"term_taxonomy_id":153840,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1399342,"filter":"raw"},{"term_id":1169,"name":"Computers","slug":"computers","term_group":0,"term_taxonomy_id":112810,"taxonomy":"post_tag","description":"","parent":0,"count":20,"object_id":1399342,"filter":"raw"},{"term_id":81,"name":"Google","slug":"google","term_group":0,"term_taxonomy_id":46827,"taxonomy":"post_tag","description":"","parent":0,"count":1045,"object_id":1399342,"filter":"raw"},{"term_id":38616,"name":"smartphones","slug":"smartphones","term_group":0,"term_taxonomy_id":57928,"taxonomy":"post_tag","description":"","parent":0,"count":178,"object_id":1399342,"filter":"raw"},{"term_id":270794,"name":"tablets","slug":"tablets","term_group":0,"term_taxonomy_id":58538,"taxonomy":"post_tag","description":"","parent":0,"count":41,"object_id":1399342,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Google","slug":"google","url":"http:\/\/fortune.com\/tag\/google\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The two platforms drive different devices. But would combining them really be a bad thing?","seo":{"seo_title":"Google insists it isn\u0027t killing Chrome OS","seo_description":"A recent report claimed Google plans to merge Android and Chrome OS into one platform.","seo_keywords":"Google, Chrome, Chrome OS, Chromebook, Android, Android smartphones, watches, smartwatches, tablets, Chrome merge Android,","seo_news_keywords":"Google, Chrome, Chrome OS, Chromebook, Android, Android smartphones, watches, smartwatches, tablets, Chrome merge Android, Chrome OS merged into Android","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fgoogle-chrome-os-android-merger%2F","shortlink":"http:\/\/for.tn\/1kZdU4o","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1kZdU4o","encoded_title":"Google+merging+Chrome+OS+and+Android%3F+Not+so+fast","twitter_text":"Google merging Chrome OS and Android? 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Chrome, on the other hand, was developed in-house for Google\u0026#8217;s lightweight laptops, called Chromebooks, and is mostly focused on browser-based applications.\u003C\/p\u003E\n\u003Cp\u003EChromebooks account for only 3% of the personal computer market, according to research firm IDG.\u003C\/p\u003E\n\u003Cp\u003ECombining the two operating systems will mean that the new version of Android will also run on personal computers, giving users access to the Google Play app store, according to the report. This is likely to appeal to independent developers whose apps could be used on personal computers in addition to mobile devices.\u003C\/p\u003E\n\u003Cp\u003EThe change will mean a new name for Chromebooks, though the company\u0026#8217;s web browser will retain the Chrome name, according to the \u003Cem\u003EJournal\u003C\/em\u003E\u0026#8216;s sources.\u003C\/p\u003E\n\u003Cp\u003EThis follows in the footsteps of Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which has created version of its Windows 10 operating system for both computers and its mobile devices. Apple \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AAPL\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/aapl\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAAPL\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, on the other hand, has maintained two separate systems, one for mobile devices and one for its computers.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022\u003ESubscribe to Data Sheet\u003C\/a\u003E, Fortune\u2019s daily newsletter on the business of technology.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EFor more about Google, watch this Fortune video:\u003C\/em\u003E\u003C\/p\u003E\n\u003Cdiv 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When the billionaire Republican presidential candidate makes a television appearance, people tune in.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/08\/07\/fox-republican-debate-viewers\/\u0022 target=\u0022_blank\u0022\u003EFox News\u003C\/a\u003E, \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/17\/cnn-republican-debate-record\/\u0022 target=\u0022_blank\u0022\u003ECNN\u003C\/a\u003E, and \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/cnbc-gop-debate\/\u0022 target=\u0022_blank\u0022\u003ECNBC\u003C\/a\u003E all broke records when they hosted the three GOP debates, and Trump, rightfully so, \u003Ca href=\u0022https:\/\/twitter.com\/realDonaldTrump\/status\/660584908063117312\u0022 target=\u0022_blank\u0022\u003Etook credit\u003C\/a\u003E. When he appeared on Late Night with Stephen Colbert, it helped the CBS host score the \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/02\/trump-fiorina-tv-ratings\/\u0022 target=\u0022_blank\u0022\u003Ehighest ratings\u003C\/a\u003E in late-night during premier week, bringing in more than 4.5 million viewers. With numbers like that, it\u0026#8217;s no wonder so many people \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/13\/donald-trump-nbc-snl\/\u0022 target=\u0022_blank\u0022\u003Ewant him on their show\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EBut not \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/john-oliver-impact\/\u0022 target=\u0022_blank\u0022\u003EJohn Oliver\u003C\/a\u003E. The host of HBO\u0026#8217;s Last Week Tonight \u003Ca href=\u0022http:\/\/www.cbsnews.com\/news\/last-week-tonight-john-oliver-effect-american-politics-donald-trump\/\u0022 target=\u0022_blank\u0022\u003Eappeared on CBS This Morning\u003C\/a\u003E last Friday to discuss the American democratic system and, what everyone wants to talk about, Donald Trump.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002232\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4592160380001-32\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224592160380001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1P6a7P9\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/entertainment_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dhatersgonnahate%2Cplayersgonnaplay%2Cshakeitoff%2Ctswift%2Ctaylorswift%2Ctaylorswiftlawsuit%2Cyoutube%26ch%3Dentertainment%26topic%3Dtaylorswift\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003EHe says it\u0026#8217;s \u0026#8220;frustrating\u0026#8221; to him that we\u0026#8217;re all so engrossed in the presidential election so long before election day. It\u0026#8217;s essentially a media frenzy that involves \u0026#8220;a lot of balloons\u0026#8221; and \u0026#8220;looks like a four-year-old\u0026#8217;s birthday.\u0026#8221; He was then asked whether he would want to have Trump on his show, a question to which Oliver responded:\u003C\/p\u003E\n\u003Cblockquote\u003E\u003Cp\u003EI haven\u0026#8217;t really got anything to say to him. He\u0026#8217;s said everything he wants to say. He has no internal monologue, that man. So it\u0026#8217;s not like you\u0026#8217;re going to find the secret nugget he\u0026#8217;s been holding back. He\u0026#8217;s an open book, and that book doesn\u0026#8217;t have many interesting words in it.\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003EAs is the case when anyone \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/trump-forbes-net-worth\/\u0022 target=\u0022_blank\u0022\u003Epublicly criticizes him\u003C\/a\u003E, Trump felt the need to retaliate. The day after Oliver\u0026#8217;s CBS appearance, he tweeted the following:\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003E.\u003Ca href=\u0022https:\/\/twitter.com\/thehill\u0022\u003E@thehill\u003C\/a\u003E  John Oliver had his people call to ask me to be on his very boring and low rated show. I said \u0026quot;NO THANKS\u0026quot; Waste of time \u0026amp; energy!\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; Donald J. Trump (@realDonaldTrump) \u003Ca href=\u0022https:\/\/twitter.com\/realDonaldTrump\/status\/660597552023228416\u0022\u003EOctober 31, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cp\u003EA day later, Last Week Tonight put Trump in his place and set the record straight:\u003C\/p\u003E\n\u003Cdiv class=\u0022embed-twitter\u0022\u003E\n\u003Cblockquote class=\u0022twitter-tweet\u0022 width=\u0022500\u0022\u003E\n\u003Cp lang=\u0022en\u0022 dir=\u0022ltr\u0022\u003EA couple of points\u0026#8230;\u0026#10;1. Yes, we have a boring show.\u0026#10;2. At no point did we invite Donald Trump to appear on it.\u0026#10;\u003Ca href=\u0022https:\/\/t.co\/qjpg9FLb0V\u0022\u003Ehttps:\/\/t.co\/qjpg9FLb0V\u003C\/a\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026mdash; Last Week Tonight (@LastWeekTonight) \u003Ca href=\u0022https:\/\/twitter.com\/LastWeekTonight\/status\/660876781763866624\u0022\u003ENovember 1, 2015\u003C\/a\u003E\u003C\/p\u003E\u003C\/blockquote\u003E\n\u003Cp\u003E\u003Cscript async src=\u0022\/\/platform.twitter.com\/widgets.js\u0022 charset=\u0022utf-8\u0022\u003E\u003C\/script\u003E\u003C\/div\u003E\n\u003Cp\u003EThough they did fail to mention that, \u003Ca href=\u0022http:\/\/www.hollywoodreporter.com\/news\/john-olivers-talk-show-ratings-735187\u0022 target=\u0022_blank\u0022\u003Eaccording to the Hollywood Reporter\u003C\/a\u003E, the award-winning writer pulls in very successful ratings that rival that of longtime HBO host Bill Maher, especially for his challenging time slot of 11 p.m. on a Sunday night.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 02:51:54","updated":"2015-11-02 02:51:54","minute":"2:51 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/donald-trump-john-oliver\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/donald-trump-john-oliver\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/donald-trump-john-oliver\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"John Oliver Puts Donald Trump in His Place After Untruthful Tweet","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/gettyimages-170304602.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Neilson Barnard \u2014 Getty Images","caption":"John Oliver","attach_id":"1403525"},"excerpt":"\u003Cp\u003EThe candidate won\u2019t be on Last Week Tonight anytime soon.\u003C\/p\u003E\n","authors":[{"id":91530089,"url":"http:\/\/fortune.com\/author\/michaladdady\/","name":"Michal Addady","twitter":"","gplus":"","email":"michal.addady@timeinc.com","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":384,"name":"Entertainment","slug":"entertainment","term_group":0,"term_taxonomy_id":130744,"taxonomy":"category","description":"News about the business of entertainment, including the music, film and TV industries, as well as the celebrities and people who work in them. 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This week, Oliver\u2014one of \u003Ca href=\u0022http:\/\/fortune.com\/40-under-40\/john-oliver-10\/\u0022\u003EFortune\u0026#8217;s 40 Under 40 for 2015\u2014\u003C\/a\u003Etook on a topic some people may not know much about: the impact the shale oil fields boom and bust has had in North Dakota.\u003C\/p\u003E\n\u003Cp\u003EOliver looked at both the good\u2014job creation, and increased economic activity\u2014and the bad, such as environmental catastrophes, and lax regulations leading to numerous deaths.\u003C\/p\u003E\n\u003Cp\u003EAnd it\u2019s not just the oil companies that get the back of Oliver\u0026#8217;s hand here. He also takes to task the Occupational Safety and Health Administration for having only eight inspectors for the whole of both North and South Dakota.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/jYusNNldesc?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EFor more on the potential bust of these boomtowns, read this \u003Ca href=\u0022http:\/\/fortune.com\/north-dakota-fracking\/\u0022\u003Efeature from earlier this year\u003C\/a\u003E by \u003Cem\u003EFortune\u0026#8217;s\u003C\/em\u003E Jennifer Reingold.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  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value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/features_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dboomorbust%2Cboomtown%2Cdownturn%2Cnorthdakota%2Coil%2Coilboom%2Cshale%2Cshaleboom%2Cwilliston%26ch%3Dfeatures%26topic%3Doil\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n","time":{"pretty":"October 12, 2015","published":"2015-10-12 04:15:46","updated":"2015-10-12 04:15:46","minute":"4:15 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/12\/john-oliver-on-north-dakotas-shale-fields\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/12\/john-oliver-on-north-dakotas-shale-fields\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/12\/john-oliver-on-north-dakotas-shale-fields\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"John Oliver on North Dakota\u0027s shale fields","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/oliver02_22_15a.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Courtesy of HBO","caption":"John Oliver","attach_id":"1027633"},"excerpt":"\u003Cp\u003ELast Week Tonight goes to North Dakota.\u003C\/p\u003E\n","authors":[{"id":"276574","url":"http:\/\/fortune.com\/author\/ben-geier\/","name":"Ben Geier","twitter":"ben_geier","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-geier-6101.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Ben Geier headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-geier-6101.jpg?quality=80\u0026w=150",150,150,true],"bio":"Ben Geier is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":1212,"name":"Energy","slug":"energy","term_group":0,"term_taxonomy_id":47300,"taxonomy":"category","description":"News about the energy sectors, including oil, natural gas, renewable energy, electricity, and other sources of power","parent":0,"count":1159,"filter":"raw"},{"term_id":384,"name":"Entertainment","slug":"entertainment","term_group":0,"term_taxonomy_id":130744,"taxonomy":"category","description":"News about the business of entertainment, including the music, film and TV industries, as well as the celebrities and people who work in them. ","parent":0,"count":797,"filter":"raw"}],"section":{"name":"Energy","slug":"energy","url":"http:\/\/fortune.com\/energy\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":5799096,"name":"energy","slug":"energy-3","term_group":0,"term_taxonomy_id":51091,"taxonomy":"post_tag","description":"","parent":0,"count":156,"filter":"raw"},{"term_id":1384378,"name":"john oliver","slug":"john-oliver","term_group":0,"term_taxonomy_id":127879,"taxonomy":"post_tag","description":"","parent":0,"count":9,"filter":"raw"},{"term_id":15103,"name":"North Dakota","slug":"north-dakota","term_group":0,"term_taxonomy_id":116014,"taxonomy":"post_tag","description":"","parent":0,"count":6,"filter":"raw"},{"term_id":34933370,"name":"oil","slug":"oil-2","term_group":0,"term_taxonomy_id":55840,"taxonomy":"post_tag","description":"","parent":0,"count":191,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2966,"filter":"raw"},{"term_id":232203,"name":"shale","slug":"shale","term_group":0,"term_taxonomy_id":117981,"taxonomy":"post_tag","description":"","parent":0,"count":10,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"john oliver","slug":"john-oliver","url":"http:\/\/fortune.com\/tag\/john-oliver\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Last Week Tonight goes to North Dakota.","seo":{"seo_title":"Watch: John Oliver On North Dakota\u0027s Shale Oil Fields","seo_description":"John Oliver\u0027s show Last Week Tonight goes to North Dakota.","seo_keywords":"John Oliver, Oil, Shale, North Dakota, Energy, shale boom, environment, economy, jobs, employment","seo_news_keywords":"John Oliver, Oil, Shale, North Dakota, Energy, shale boom, environment, economy, jobs, employment","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/12\/john-oliver-on-north-dakotas-shale-fields\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F12%2Fjohn-oliver-on-north-dakotas-shale-fields%2F","shortlink":"http:\/\/for.tn\/1jkN5H8","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1jkN5H8","encoded_title":"John+Oliver+on+North+Dakota%E2%80%99s+shale+fields","twitter_text":"John Oliver on North Dakota\u0027s shale fields","twitter_via":"FORTUNE","facebook_desc":"Last Week Tonight goes to North Dakota.","facebook_title":"John Oliver on North Dakota\u0027s Shale Fields"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23893,"object_id":1363290,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1363290-0","in-article-ad-1363290-1","in-article-ad-1363290-2"]},{"id":1331669,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/09\/29\/john-oliver-impact\/","title":"The John Oliver Effect: Why the British comedian\u0027s impact is no joke","content":"\u003Cp\u003EJohn Oliver denies that he\u2019s a journalist, but the impact of his HBO show \u003Cem\u003ELast Week Tonight \u003C\/em\u003Ecould very well be the envy of most newsrooms around the country. Every Sunday night that an episode airs, Oliver reserves a chunk of time for a thorough dive into meaty subjects that don\u2019t always receive the attention they should. With his signature humor, Oliver convinces his audience that they should care about these complex topics and often signs off with a call to action. The result is what \u003Cem\u003E\u003Ca href=\u0022http:\/\/time.com\/3674807\/john-oliver-net-neutrality-civil-forfeiture-miss-america\/?ref=1\u0022\u003ETime\u003C\/a\u003E \u003C\/em\u003Ehas called the \u201cJohn Oliver Effect,\u201d in which the British comedian helps\u2014in ways both big and small\u2014to create very real change. This level of influence is what landed Oliver, who in addition to the show\u0026#8217;s host is also an executive producer, on \u003Cem\u003EFortune\u003C\/em\u003E\u0026#8216;s 2015 \u003Ca href=\u0022http:\/\/fortune.com\/40-under-40\/john-oliver-10\/\u0022\u003E40 Under 40 list\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E1. Net Neutrality: 10 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/fpbOEoRrHyU?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EOliver is the first to admit that net neutrality can be a mind-numbingly dull topic. \u0026#8220;The only two words that promise more boredom in the English language are \u0026#8216;featuring Sting\u0026#8217;,\u0026#8221; he said during the segment. His explainer outlined how the Federal Communications Commission was rethinking the principle that all content on the internet should be treated equally.\u003C\/p\u003E\n\u003Cp\u003EHe also called out how the cable industry\u0026#8217;s former top lobbyist, Tom Wheeler, is now running the agency regulating it\u2014what Oliver equated with needing a babysitter and hiring a dingo. He ended the segment by calling for internet trolls everywhere to submit public comments to the FCC: \u0026#8220;Seize your moment, my lovely trolls,\u0026#8221; he said. \u0026#8220;Turn on caps lock, and fly, my pretties!\u0026#8221; He got his wish: Following the show, a flood of new comments led to major glitches for the FCC website.\u003C\/p\u003E\n\u003Cp\u003EBonus: When asked about the segment during an FCC open meeting, Wheeler responded, \u0026#8220;I would like to state for the record that I\u0026#8217;m not a dingo.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. Miss America: 9.9 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/oDPCmmZifE8?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EWhen \u003Cem\u003ELast Week Tonight\u003C\/em\u003E got wind of the Miss America Pageant\u2019s claim that it\u2019s the largest provider of scholarships for women, the crew decided to investigate. The resulting episode alleged that although the $45 million the pageant claimed to give in annual scholarships to women was grossly overstated, the amount was still more than any other women-only scholarship Oliver and his team could find.\u003C\/p\u003E\n\u003Cp\u003EOliver encouraged viewers to donate to alternative scholarships for women if they wanted to \u201cchange the fact that currently the biggest scholarship program exclusively for women in America requires you to be unmarried with a mint condition uterus, and also rewards working knowledge of buttock-adhesive technology\u2014which is just a little bit unsettling.\u201d\u003C\/p\u003E\n\u003Cp\u003EAfter the episode aired, one of the organizations that got a shout out in the segment, the Society of Women Engineers, told the \u003Cem\u003E\u003Ca href=\u0022http:\/\/www.chicagotribune.com\/entertainment\/tv\/ct-pageant-engineer-scholarships-20140923-story.html\u0022\u003EChicago Tribune\u003C\/a\u003E\u003C\/em\u003E that in just two days it received some $25,000\u2014equivalent to 15% what it normally receives from individual giving annually.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. Civil Forfeiture: 6.5 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/3kEpZWGgJks?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EOliver kicked off his October 5, 2014, episode on civil forfeiture by admitting that the term is a little wonky and \u201csounds like a Gwyneth Paltrow euphemism for divorce.\u201d But he went on to explain why the legal process, by which government officials can take property from people without convicting them with a crime, is not to be taken lightly. Oliver cited one example in which a single program in place since September, 11, 2001, had seized $2.5 billion. \u201cIt\u2019s not you that\u2019s on trial,\u201d he explained. \u201cIt\u2019s your stuff.\u201d\u003C\/p\u003E\n\u003Cp\u003EAnd many police departments are allowed to keep much of what they seize. He pointed to a case in Texas where the police department had bought a margarita machine with the money. \u201cThey were literally using this money as their own personal slush fund,\u201d he said.\u003C\/p\u003E\n\u003Cp\u003EThe episode aired in October, and in January Attorney General Eric Holder put in place major restrictions on civil forfeiture laws. Further limits were announced in March. (Granted, a \u003Ci\u003EWashington Post \u003C\/i\u003Einvestigation might have had something to do with it, too.)\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. Chickens: 4.3 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/X9wHzt6gBgI?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EIn May, Oliver took on the chicken industry in a nearly 20 minute piece. He laid out how chicken farmers at the mercy of giant processors like Tyson barely make a living. The segment explained how the big processors not only rank farmers against one another\u2014giving bonuses to the top producers and taking deductions from the bottom half\u2014but also strike back against those who speak out against the system.\u003C\/p\u003E\n\u003Cp\u003EMoreover, provisions meant to shield the chicken growers had been rendered useless by politicking. For years, a rider inserted into the House Appropriations Committee\u2019s agriculture bill blocked the U.S. Department of Agriculture\u2019s ability to protect the farmers, and Oliver mock-threatened public shaming of representatives who support its inclusion.\u003C\/p\u003E\n\u003Cp\u003EBut when the committee approved the 2016 bill, the rider was absent for the first time in four years.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E5. U.S. Territory Rights: 4.3 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/CesHr99ezWE?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EThere are about 4 million people, who live in U.S. island territories including the Virgin Islands, Guam, and Puerto Rico. In March, Oliver drew attention to this population\u0026#8217;s lack of the right to vote due to the \u201cInsular Cases\u201d of the early 1900s, which do not give complete Constitutional rights to those living in U.S. territories.\u003C\/p\u003E\n\u003Cp\u003EHe highlighted how, despite the fact that Guam has a U.S. base covering a quarter of its land and that one in eight of its residents is a veteran (the highest of all U.S. states and territories), it is ranked last in per capita spending on medical care for vets. In America Samoa, those hailing from the islands are not even considered American citizens\u2014even though the territory is home to the top army recruiting station in the country.\u003C\/p\u003E\n\u003Cp\u003EA judge in the court of appeals for the Ninth Circuit must have caught the episode. In her opinion on a class action case brought by the people of Guam over a tax refund program, she \u003Ca href=\u0022http:\/\/cdn.ca9.uscourts.gov\/datastore\/opinions\/2015\/08\/26\/13-15389.pdf\u0022\u003Ecited\u003C\/a\u003E the episode and wrote that the Insular Cases have been \u201cthe subject of extensive judicial, academic, and popular criticism.\u201d\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E6. Bail: 3.3 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/IS5mwymTIJU?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EIn June, Oliver tackled bail and how it\u2019s become what he described as \u201ca way to lock up the poor, regardless of guilt.\u201d He pointed to a 2013 analysis that found that nearly 40% of New Jersey\u2019s prison population is held only because of its inability to meet bail.\u003C\/p\u003E\n\u003Cp\u003EHe outlined how the choices for many go from bad to worse: plead guilty even if you\u2019re innocent, but then face having a prior conviction on your record; hire a commercial bail bondsman, who keeps your money no matter the outcome of the trial; or sit in jail\u2014a daunting prospect, especially for those will be fired if they\u2019re absent from work. \u201cThe current bail system makes no sense, and it does a lot of harm,\u201d he said.\u003C\/p\u003E\n\u003Cp\u003EA month after the episode aired, New York City Mayor Bill de Blasio announced an initiative in which low-risk offenders would be released under a supervisory program rather than face bail or jail time.\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ETo see the full list of \u003Cem\u003EFortune\u0026#8217;s 40 Under 40\u003C\/em\u003E, visit \u003Ca href=\u0022http:\/\/fortune.com\/40-under-40\/\u0022\u003Efortune.com\/40-under-40\/\u003C\/a\u003E.\u003C\/strong\u003E\u003C\/p\u003E\n","time":{"pretty":"September 29, 2015","published":"2015-09-29 10:00:54","updated":"2015-09-29 10:00:54","minute":"10:00 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/09\/29\/john-oliver-impact\/","absolute_url":"http:\/\/fortune.com\/2015\/09\/29\/john-oliver-impact\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/09\/29\/john-oliver-impact\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Measuring the John Oliver effect","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/09\/gettyimages-487270811.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Jesse Dittmar \u2014 Getty Images","caption":"","attach_id":"1321001"},"excerpt":"\u003Cp\u003EThe TV host has a measurable influence on issues ranging from net neutrality to U.S. territory rights.\u003C\/p\u003E\n","authors":[{"id":"381326","url":"http:\/\/fortune.com\/author\/beth-kowitt\/","name":"Beth Kowitt","twitter":"bethkowitt","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026w=150",150,150,true],"bio":"Beth Kowitt is a writer at Fortune Magazine","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":384,"name":"Entertainment","slug":"entertainment","term_group":0,"term_taxonomy_id":130744,"taxonomy":"category","description":"News about the business of entertainment, including the music, film and TV industries, as well as the celebrities and people who work in them. ","parent":0,"count":799,"object_id":1331669,"filter":"raw"}],"section":{"name":"Entertainment","slug":"entertainment","url":"http:\/\/fortune.com\/entertainment\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":1680985,"name":"40 Under 40","slug":"40-under-40","term_group":0,"term_taxonomy_id":46726,"taxonomy":"post_tag","description":"","parent":0,"count":190,"object_id":1331669,"filter":"raw"},{"term_id":453006,"name":"Bail","slug":"bail","term_group":0,"term_taxonomy_id":112353,"taxonomy":"post_tag","description":"","parent":0,"count":2,"object_id":1331669,"filter":"raw"},{"term_id":37323610,"name":"chicken processors","slug":"chicken-processors","term_group":0,"term_taxonomy_id":148201,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1331669,"filter":"raw"},{"term_id":494745,"name":"civil forfeiture","slug":"civil-forfeiture","term_group":0,"term_taxonomy_id":148200,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1331669,"filter":"raw"},{"term_id":1384378,"name":"john oliver","slug":"john-oliver","term_group":0,"term_taxonomy_id":127879,"taxonomy":"post_tag","description":"","parent":0,"count":9,"object_id":1331669,"filter":"raw"},{"term_id":321538016,"name":"John Oliver Effect","slug":"john-oliver-effect","term_group":0,"term_taxonomy_id":148073,"taxonomy":"post_tag","description":"","parent":0,"count":3,"object_id":1331669,"filter":"raw"},{"term_id":213489861,"name":"last week tonight","slug":"last-week-tonight","term_group":0,"term_taxonomy_id":127878,"taxonomy":"post_tag","description":"","parent":0,"count":3,"object_id":1331669,"filter":"raw"},{"term_id":562597,"name":"miss america","slug":"miss-america","term_group":0,"term_taxonomy_id":130726,"taxonomy":"post_tag","description":"","parent":0,"count":4,"object_id":1331669,"filter":"raw"},{"term_id":38036,"name":"Net neutrality","slug":"net-neutrality","term_group":0,"term_taxonomy_id":55499,"taxonomy":"post_tag","description":"","parent":0,"count":59,"object_id":1331669,"filter":"raw"},{"term_id":402728220,"name":"U.S. territory rights","slug":"u-s-territory-rights","term_group":0,"term_taxonomy_id":148202,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1331669,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"40 Under 40","slug":"40-under-40","url":"http:\/\/fortune.com\/tag\/40-under-40\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The TV host has a measurable influence on issues ranging from net neutrality to U.S. territory rights.","seo":{"seo_title":"John Oliver is having an impact on everything from business to policy","seo_description":"Last Week Tonight host John Oliver is having an impact and influencing issues ranging from net neutrality to U.S. territory rights.","seo_keywords":"John Oliver impact, John Oliver, John Oliver influence, influence of This Week Tonight, impact of This Week Tonight, 40 Under 40, John Oliver Effect, John Oliver bail, John Oliver net neutrality, John Oliver Miss America, John Oliver Miss America Pageant, John Oliver civil forfeiture, John Oliver chicken processors, John Oliver U.S. territory rights","seo_news_keywords":"John Oliver impact, John Oliver, John Oliver influence, influence of This Week Tonight, impact of This Week Tonight, 40 Under 40, John Oliver Effect, John Oliver bail, John Oliver net neutrality, John Oliver Miss America, John Oliver Miss America Pageant, John Oliver civil forfeiture, John Oliver chicken processors, John Oliver U.S. territory rights","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/09\/29\/john-oliver-impact\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F09%2F29%2Fjohn-oliver-impact%2F","shortlink":"http:\/\/for.tn\/1KHiIkT","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1KHiIkT","encoded_title":"The+John+Oliver+Effect%3A+Why+the+British+comedian%E2%80%99s+impact+is+no+joke","twitter_text":"Measuring the John Oliver effect: the Brit comedian\u0027s impact is no joke.","twitter_via":"FORTUNE","facebook_desc":"The British comedian\u0027s impact is no joke.","facebook_title":"The John Oliver Effect"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23906,"object_id":1331669,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1331669-0","in-article-ad-1331669-1","in-article-ad-1331669-2"]},{"id":1335657,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/09\/28\/trevor-noah-daily-show-time\/","title":"5 things to know about new \u003Ci\u003EDaily Show\u003C\/i\u003E host Trevor Noah","content":"\u003Cp\u003EMonday night brings yet another late-night television debut. This time, it\u0026#8217;s Trevor Noah taking his first spin as host of \u003Cem\u003EThe Daily Show\u003C\/em\u003E, Comedy Central\u0026#8217;s late-night tentpole.\u003C\/p\u003E\n\u003Cp\u003EThe network, owned by Viacom \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022VIA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/via\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EVIA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, has said goodbye to two comedy superstars in the past year: Noah\u0026#8217;s predecessor, Jon Stewart, and Stewart\u0026#8217;s protege, Stephen Colbert. That means there\u0026#8217;s a lot riding on Stewart\u0026#8217;s replacement, the 31-year-old South African Noah.\u003C\/p\u003E\n\u003Cp\u003ESo, before Noah sits down with his first guest \u2014 comedian Kevin Hart \u2014 here are five things to know about the young man with a big role to fill in late-night TV. \u003Cem\u003EThe Daily Show \u003C\/em\u003Eairs at 11 p.m. ET.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E1. He\u0026#8217;s already stirred up controversy\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EIt only took a few hours after Noah\u0026#8217;s announcement as \u003Cem\u003EThe Daily Show\u003C\/em\u003E host for people curious about the young comedian to find a series of offensive tweets he posted several years earlier. The tweets, which were seen as negative towards groups from women to Jews and the obese, caused a firestorm of criticism. Noah \u003Ca href=\u0022http:\/\/deadline.com\/2015\/03\/trevor-noah-controversy-twitter-comedy-central-1201402001\/\u0022 target=\u0022_blank\u0022\u003Equickly apologized\u003C\/a\u003E, blaming the offensive posts on his youth at the time while also claiming that his comedy and his personal views had evolved over the subsequent years.\u003C\/p\u003E\n\u003Cp\u003EHowever, Noah was \u003Ca href=\u0022http:\/\/www.slate.com\/blogs\/xx_factor\/2015\/09\/15\/trevor_noah_s_comments_on_the_vanity_fair_photo_show_he_doesn_t_understand.html\u0022 target=\u0022_blank\u0022\u003Ecriticized again\u003C\/a\u003E more recently after responding to complaints over an all-male photo shoot of late-night television hosts. Noah suggested that women are already powerful forces in entertainment, despite their lack of representation behind television comedy anchor desks.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. He was shaped by a difficult upbringing\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ENoah was born to a black mother and a white father in South Africa in 1984, a time when interracial relationships were illegal in the country. In a \u003Ca href=\u0022http:\/\/comediansincarsgettingcoffee.com\/trevor-noah-episode-trailer\u0022 target=\u0022_blank\u0022\u003Erecent interview\u003C\/a\u003E with comedian Jerry Seinfeld, Noah noted that his mother actually spent time in jail over her relationship with his father, forcing her to sometimes pretend to be the family\u0026#8217;s maid and babysitter.\u003C\/p\u003E\n\u003Cp\u003ENoah \u003Ca href=\u0022http:\/\/www.gq.com\/story\/trevor-noah-ready-for-daily-show\u0022 target=\u0022_blank\u0022\u003Ehas also talked about\u003C\/a\u003E how growing up with the influence of different cultures, and in the presence of a violent stepfather, influenced his comedy style and his worldview. \u0026#8220;Literally everything has a funny side,\u0026#8221; Noah told Seinfeld.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. He\u0026#8217;s no stranger to \u003Cem\u003EThe Daily Show\u003C\/em\u003E\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ENoah joined the Comedy Central show as a correspondent last December, landing the hosting gig just a few months later. In just a handful of appearances on the program, \u003Ca href=\u0022http:\/\/www.cc.com\/video-clips\/myb4mb\/the-daily-show-with-jon-stewart-spot-the-africa\u0022 target=\u0022_blank\u0022\u003ENoah sought laughs\u003C\/a\u003E by juxtaposing recent racial and socioeconomic issues in the U.S. with his own upbringing in South Africa. Now, as the show\u0026#8217;s host, Noah will see a lot of familiar faces in the form of colleagues such as correspondents Jessica Williams, Aasif Mandvi and Jordan Klepper, who will continue to be featured on the program.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. The show\u0026#8217;s style will be different\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EMany expect Noah\u0026#8217;s turn as host of \u003Cem\u003EThe Daily Show\u003C\/em\u003E to lend an outsider\u0026#8217;s view to the show\u0026#8217;s tone that will see him continue to skewer American culture and politics. Another foreign-born comedian who has found success in a similar role is John Oliver, the former guest host of \u003Cem\u003EThe Daily Show\u003C\/em\u003E who now has his own popular weekly program on HBO. Meanwhile, Noah seems to be inclined to welcome a wide array of guests from the entertainment, corporate and political spheres. Monday\u0026#8217;s show features comedian Kevin Hart, while New Jersey Governor Chris Christie and \u003Ca href=\u0022http:\/\/time.com\/3851583\/bumble-whitney-wolfe\/\u0022 target=\u0022_blank\u0022\u003EWhitney Wolfe\u003C\/a\u003E (the co-founder of Tinder and current CEO of Bumble) will appear later in the week.\u003C\/p\u003E\n\u003Cp\u003ESpeaking of politics, Noah has said that he wants to spend more time mocking both sides of the political spectrum and, specifically, \u003Ca href=\u0022http:\/\/www.salon.com\/2015\/09\/28\/trevor_noah_gives_fox_news_a_free_pass_the_new_daily_show_could_be_great_for_ailes_and_hannity_bad_for_america\/\u0022 target=\u0022_blank\u0022\u003Ehe doesn\u0026#8217;t want to\u003C\/a\u003E specifically focus on bashing Fox News like his predecessor did. Instead, Noah will likely glean more comedy from media outlets with younger-skewing audiences, such as Gawker and Buzzfeed, as well as from social media.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E5. He has big shoes to fill\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EStewart is a comedy institution who hosted \u003Cem\u003EThe Daily Show\u003C\/em\u003E for 16 years, helping to shape the political views and the funny bones of \u003Ca href=\u0022http:\/\/fortune.com\/2015\/08\/06\/jon-stewart-millennials-gop-debate\/\u0022 target=\u0022_blank\u0022\u003Emany a millennial viewer\u003C\/a\u003E. Any replacement faces a steep challenge, but that\u0026#8217;s especially the case for someone like Noah, who has had limited exposure to U.S. audiences.\u003C\/p\u003E\n\u003Cp\u003EWhat\u0026#8217;s more, Noah takes the reins at \u003Cem\u003EThe Daily Show\u003C\/em\u003E at a time when the late-night television landscape is particularly crowded with new faces, \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/08\/stephen-colbert-late-night\/\u0022 target=\u0022_blank\u0022\u003Eincluding Stephen Colbert\u003C\/a\u003E (as opposed to the \u0026#8220;Stephen Colbert\u0026#8221; character) and James Corden on CBS \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CBS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cbs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECBS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, as well as former \u003Cem\u003EDaily Show\u003C\/em\u003E correspondent Samantha Bee, who will have her own new show on TBS starting in January. There\u0026#8217;s more competition than ever for late-night TV ratings, not to mention advertising dollars.\u003C\/p\u003E\n","time":{"pretty":"September 28, 2015","published":"2015-09-28 04:28:34","updated":"2015-09-28 04:28:34","minute":"4:28 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/09\/28\/trevor-noah-daily-show-time\/","absolute_url":"http:\/\/fortune.com\/2015\/09\/28\/trevor-noah-daily-show-time\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/09\/28\/trevor-noah-daily-show-time\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"5 things to know about Trevor Noah before his first \u0027Daily Show\u0027","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/09\/gettyimages-489416360.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Joe Scarnici \u2014 Getty Images for Comedy Central","caption":"Comedian Trevor Noah arrives at the Comedy Central Emmys After Party at Boulevard3 on September 20, 2015 in Hollywood, California.  ","attach_id":"1336248"},"excerpt":"\u003Cp\u003EHis first show airs Monday.\u003C\/p\u003E\n","authors":[{"id":"276852","url":"http:\/\/fortune.com\/author\/tom-huddleston-jr\/","name":"Tom Huddleston, Jr.","twitter":"tjhuddle","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026w=150",150,150,true],"bio":"Tom Huddleston, Jr. is a writer for fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":384,"name":"Entertainment","slug":"entertainment","term_group":0,"term_taxonomy_id":130744,"taxonomy":"category","description":"News about the business of entertainment, including the music, film and TV industries, as well as the celebrities and people who work in them. 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This week, Oliver\u2014one of \u003Ca href=\u0022http:\/\/fortune.com\/40-under-40\/john-oliver-10\/\u0022\u003EFortune\u0026#8217;s 40 Under 40 for 2015\u2014\u003C\/a\u003Etook on a topic some people may not know much about: the impact the shale oil fields boom and bust has had in North Dakota.\u003C\/p\u003E\n\u003Cp\u003EOliver looked at both the good\u2014job creation, and increased economic activity\u2014and the bad, such as environmental catastrophes, and lax regulations leading to numerous deaths.\u003C\/p\u003E\n\u003Cp\u003EAnd it\u2019s not just the oil companies that get the back of Oliver\u0026#8217;s hand here. He also takes to task the Occupational Safety and Health Administration for having only eight inspectors for the whole of both North and South Dakota.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/jYusNNldesc?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EFor more on the potential bust of these boomtowns, read this \u003Ca href=\u0022http:\/\/fortune.com\/north-dakota-fracking\/\u0022\u003Efeature from earlier this year\u003C\/a\u003E by \u003Cem\u003EFortune\u0026#8217;s\u003C\/em\u003E Jennifer Reingold.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  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value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/features_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dboomorbust%2Cboomtown%2Cdownturn%2Cnorthdakota%2Coil%2Coilboom%2Cshale%2Cshaleboom%2Cwilliston%26ch%3Dfeatures%26topic%3Doil\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n","time":{"pretty":"October 12, 2015","published":"2015-10-12 04:15:46","updated":"2015-10-12 04:15:46","minute":"4:15 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/12\/john-oliver-on-north-dakotas-shale-fields\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/12\/john-oliver-on-north-dakotas-shale-fields\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/12\/john-oliver-on-north-dakotas-shale-fields\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"John Oliver on North Dakota\u0027s shale fields","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/oliver02_22_15a.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Courtesy of HBO","caption":"John Oliver","attach_id":"1027633"},"excerpt":"\u003Cp\u003ELast Week Tonight goes to North Dakota.\u003C\/p\u003E\n","authors":[{"id":"276574","url":"http:\/\/fortune.com\/author\/ben-geier\/","name":"Ben Geier","twitter":"ben_geier","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-geier-6101.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Ben Geier headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/ben-geier-6101.jpg?quality=80\u0026w=150",150,150,true],"bio":"Ben Geier is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":1212,"name":"Energy","slug":"energy","term_group":0,"term_taxonomy_id":47300,"taxonomy":"category","description":"News about the energy sectors, including oil, natural gas, renewable energy, electricity, and other sources of power","parent":0,"count":1159,"filter":"raw"},{"term_id":384,"name":"Entertainment","slug":"entertainment","term_group":0,"term_taxonomy_id":130744,"taxonomy":"category","description":"News about the business of entertainment, including the music, film and TV industries, as well as the celebrities and people who work in them. ","parent":0,"count":797,"filter":"raw"}],"section":{"name":"Energy","slug":"energy","url":"http:\/\/fortune.com\/energy\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":5799096,"name":"energy","slug":"energy-3","term_group":0,"term_taxonomy_id":51091,"taxonomy":"post_tag","description":"","parent":0,"count":156,"filter":"raw"},{"term_id":1384378,"name":"john oliver","slug":"john-oliver","term_group":0,"term_taxonomy_id":127879,"taxonomy":"post_tag","description":"","parent":0,"count":9,"filter":"raw"},{"term_id":15103,"name":"North Dakota","slug":"north-dakota","term_group":0,"term_taxonomy_id":116014,"taxonomy":"post_tag","description":"","parent":0,"count":6,"filter":"raw"},{"term_id":34933370,"name":"oil","slug":"oil-2","term_group":0,"term_taxonomy_id":55840,"taxonomy":"post_tag","description":"","parent":0,"count":191,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2966,"filter":"raw"},{"term_id":232203,"name":"shale","slug":"shale","term_group":0,"term_taxonomy_id":117981,"taxonomy":"post_tag","description":"","parent":0,"count":10,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"john oliver","slug":"john-oliver","url":"http:\/\/fortune.com\/tag\/john-oliver\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Last Week Tonight goes to North Dakota.","seo":{"seo_title":"Watch: John Oliver On North Dakota\u0027s Shale Oil Fields","seo_description":"John Oliver\u0027s show Last Week Tonight goes to North Dakota.","seo_keywords":"John Oliver, Oil, Shale, North Dakota, Energy, shale boom, environment, economy, jobs, employment","seo_news_keywords":"John Oliver, Oil, Shale, North Dakota, Energy, shale boom, environment, economy, jobs, employment","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/12\/john-oliver-on-north-dakotas-shale-fields\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F12%2Fjohn-oliver-on-north-dakotas-shale-fields%2F","shortlink":"http:\/\/for.tn\/1jkN5H8","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1jkN5H8","encoded_title":"John+Oliver+on+North+Dakota%E2%80%99s+shale+fields","twitter_text":"John Oliver on North Dakota\u0027s shale fields","twitter_via":"FORTUNE","facebook_desc":"Last Week Tonight goes to North Dakota.","facebook_title":"John Oliver on North Dakota\u0027s Shale Fields"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23893,"object_id":1363290,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1363290-0","in-article-ad-1363290-1","in-article-ad-1363290-2"]},{"id":1331669,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/09\/29\/john-oliver-impact\/","title":"The John Oliver Effect: Why the British comedian\u0027s impact is no joke","content":"\u003Cp\u003EJohn Oliver denies that he\u2019s a journalist, but the impact of his HBO show \u003Cem\u003ELast Week Tonight \u003C\/em\u003Ecould very well be the envy of most newsrooms around the country. Every Sunday night that an episode airs, Oliver reserves a chunk of time for a thorough dive into meaty subjects that don\u2019t always receive the attention they should. With his signature humor, Oliver convinces his audience that they should care about these complex topics and often signs off with a call to action. The result is what \u003Cem\u003E\u003Ca href=\u0022http:\/\/time.com\/3674807\/john-oliver-net-neutrality-civil-forfeiture-miss-america\/?ref=1\u0022\u003ETime\u003C\/a\u003E \u003C\/em\u003Ehas called the \u201cJohn Oliver Effect,\u201d in which the British comedian helps\u2014in ways both big and small\u2014to create very real change. This level of influence is what landed Oliver, who in addition to the show\u0026#8217;s host is also an executive producer, on \u003Cem\u003EFortune\u003C\/em\u003E\u0026#8216;s 2015 \u003Ca href=\u0022http:\/\/fortune.com\/40-under-40\/john-oliver-10\/\u0022\u003E40 Under 40 list\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E1. Net Neutrality: 10 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/fpbOEoRrHyU?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EOliver is the first to admit that net neutrality can be a mind-numbingly dull topic. \u0026#8220;The only two words that promise more boredom in the English language are \u0026#8216;featuring Sting\u0026#8217;,\u0026#8221; he said during the segment. His explainer outlined how the Federal Communications Commission was rethinking the principle that all content on the internet should be treated equally.\u003C\/p\u003E\n\u003Cp\u003EHe also called out how the cable industry\u0026#8217;s former top lobbyist, Tom Wheeler, is now running the agency regulating it\u2014what Oliver equated with needing a babysitter and hiring a dingo. He ended the segment by calling for internet trolls everywhere to submit public comments to the FCC: \u0026#8220;Seize your moment, my lovely trolls,\u0026#8221; he said. \u0026#8220;Turn on caps lock, and fly, my pretties!\u0026#8221; He got his wish: Following the show, a flood of new comments led to major glitches for the FCC website.\u003C\/p\u003E\n\u003Cp\u003EBonus: When asked about the segment during an FCC open meeting, Wheeler responded, \u0026#8220;I would like to state for the record that I\u0026#8217;m not a dingo.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. Miss America: 9.9 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/oDPCmmZifE8?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EWhen \u003Cem\u003ELast Week Tonight\u003C\/em\u003E got wind of the Miss America Pageant\u2019s claim that it\u2019s the largest provider of scholarships for women, the crew decided to investigate. The resulting episode alleged that although the $45 million the pageant claimed to give in annual scholarships to women was grossly overstated, the amount was still more than any other women-only scholarship Oliver and his team could find.\u003C\/p\u003E\n\u003Cp\u003EOliver encouraged viewers to donate to alternative scholarships for women if they wanted to \u201cchange the fact that currently the biggest scholarship program exclusively for women in America requires you to be unmarried with a mint condition uterus, and also rewards working knowledge of buttock-adhesive technology\u2014which is just a little bit unsettling.\u201d\u003C\/p\u003E\n\u003Cp\u003EAfter the episode aired, one of the organizations that got a shout out in the segment, the Society of Women Engineers, told the \u003Cem\u003E\u003Ca href=\u0022http:\/\/www.chicagotribune.com\/entertainment\/tv\/ct-pageant-engineer-scholarships-20140923-story.html\u0022\u003EChicago Tribune\u003C\/a\u003E\u003C\/em\u003E that in just two days it received some $25,000\u2014equivalent to 15% what it normally receives from individual giving annually.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. Civil Forfeiture: 6.5 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/3kEpZWGgJks?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EOliver kicked off his October 5, 2014, episode on civil forfeiture by admitting that the term is a little wonky and \u201csounds like a Gwyneth Paltrow euphemism for divorce.\u201d But he went on to explain why the legal process, by which government officials can take property from people without convicting them with a crime, is not to be taken lightly. Oliver cited one example in which a single program in place since September, 11, 2001, had seized $2.5 billion. \u201cIt\u2019s not you that\u2019s on trial,\u201d he explained. \u201cIt\u2019s your stuff.\u201d\u003C\/p\u003E\n\u003Cp\u003EAnd many police departments are allowed to keep much of what they seize. He pointed to a case in Texas where the police department had bought a margarita machine with the money. \u201cThey were literally using this money as their own personal slush fund,\u201d he said.\u003C\/p\u003E\n\u003Cp\u003EThe episode aired in October, and in January Attorney General Eric Holder put in place major restrictions on civil forfeiture laws. Further limits were announced in March. (Granted, a \u003Ci\u003EWashington Post \u003C\/i\u003Einvestigation might have had something to do with it, too.)\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. Chickens: 4.3 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/X9wHzt6gBgI?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EIn May, Oliver took on the chicken industry in a nearly 20 minute piece. He laid out how chicken farmers at the mercy of giant processors like Tyson barely make a living. The segment explained how the big processors not only rank farmers against one another\u2014giving bonuses to the top producers and taking deductions from the bottom half\u2014but also strike back against those who speak out against the system.\u003C\/p\u003E\n\u003Cp\u003EMoreover, provisions meant to shield the chicken growers had been rendered useless by politicking. For years, a rider inserted into the House Appropriations Committee\u2019s agriculture bill blocked the U.S. Department of Agriculture\u2019s ability to protect the farmers, and Oliver mock-threatened public shaming of representatives who support its inclusion.\u003C\/p\u003E\n\u003Cp\u003EBut when the committee approved the 2016 bill, the rider was absent for the first time in four years.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E5. U.S. Territory Rights: 4.3 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/CesHr99ezWE?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EThere are about 4 million people, who live in U.S. island territories including the Virgin Islands, Guam, and Puerto Rico. In March, Oliver drew attention to this population\u0026#8217;s lack of the right to vote due to the \u201cInsular Cases\u201d of the early 1900s, which do not give complete Constitutional rights to those living in U.S. territories.\u003C\/p\u003E\n\u003Cp\u003EHe highlighted how, despite the fact that Guam has a U.S. base covering a quarter of its land and that one in eight of its residents is a veteran (the highest of all U.S. states and territories), it is ranked last in per capita spending on medical care for vets. In America Samoa, those hailing from the islands are not even considered American citizens\u2014even though the territory is home to the top army recruiting station in the country.\u003C\/p\u003E\n\u003Cp\u003EA judge in the court of appeals for the Ninth Circuit must have caught the episode. In her opinion on a class action case brought by the people of Guam over a tax refund program, she \u003Ca href=\u0022http:\/\/cdn.ca9.uscourts.gov\/datastore\/opinions\/2015\/08\/26\/13-15389.pdf\u0022\u003Ecited\u003C\/a\u003E the episode and wrote that the Insular Cases have been \u201cthe subject of extensive judicial, academic, and popular criticism.\u201d\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E6. Bail: 3.3 million views\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022\u003E\u003Ciframe class=\u0027youtube-player\u0027 type=\u0027text\/html\u0027 width=\u0027640\u0027 height=\u0027390\u0027 src=\u0027http:\/\/www.youtube.com\/embed\/IS5mwymTIJU?version=3\u0026#038;rel=1\u0026#038;fs=1\u0026#038;showsearch=0\u0026#038;showinfo=1\u0026#038;iv_load_policy=1\u0026#038;wmode=transparent\u0027 frameborder=\u00270\u0027 allowfullscreen=\u0027true\u0027\u003E\u003C\/iframe\u003E\u003C\/div\u003E\n\u003Cp\u003EIn June, Oliver tackled bail and how it\u2019s become what he described as \u201ca way to lock up the poor, regardless of guilt.\u201d He pointed to a 2013 analysis that found that nearly 40% of New Jersey\u2019s prison population is held only because of its inability to meet bail.\u003C\/p\u003E\n\u003Cp\u003EHe outlined how the choices for many go from bad to worse: plead guilty even if you\u2019re innocent, but then face having a prior conviction on your record; hire a commercial bail bondsman, who keeps your money no matter the outcome of the trial; or sit in jail\u2014a daunting prospect, especially for those will be fired if they\u2019re absent from work. \u201cThe current bail system makes no sense, and it does a lot of harm,\u201d he said.\u003C\/p\u003E\n\u003Cp\u003EA month after the episode aired, New York City Mayor Bill de Blasio announced an initiative in which low-risk offenders would be released under a supervisory program rather than face bail or jail time.\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ETo see the full list of \u003Cem\u003EFortune\u0026#8217;s 40 Under 40\u003C\/em\u003E, visit \u003Ca href=\u0022http:\/\/fortune.com\/40-under-40\/\u0022\u003Efortune.com\/40-under-40\/\u003C\/a\u003E.\u003C\/strong\u003E\u003C\/p\u003E\n","time":{"pretty":"September 29, 2015","published":"2015-09-29 10:00:54","updated":"2015-09-29 10:00:54","minute":"10:00 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/09\/29\/john-oliver-impact\/","absolute_url":"http:\/\/fortune.com\/2015\/09\/29\/john-oliver-impact\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/09\/29\/john-oliver-impact\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Measuring the John Oliver effect","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/09\/gettyimages-487270811.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Jesse Dittmar \u2014 Getty Images","caption":"","attach_id":"1321001"},"excerpt":"\u003Cp\u003EThe TV host has a measurable influence on issues ranging from net neutrality to U.S. territory rights.\u003C\/p\u003E\n","authors":[{"id":"381326","url":"http:\/\/fortune.com\/author\/beth-kowitt\/","name":"Beth Kowitt","twitter":"bethkowitt","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/beth-kowitt-4801.jpg?quality=80\u0026w=150",150,150,true],"bio":"Beth Kowitt is a writer at Fortune Magazine","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":384,"name":"Entertainment","slug":"entertainment","term_group":0,"term_taxonomy_id":130744,"taxonomy":"category","description":"News about the business of entertainment, including the music, film and TV industries, as well as the celebrities and people who work in them. ","parent":0,"count":799,"object_id":1331669,"filter":"raw"}],"section":{"name":"Entertainment","slug":"entertainment","url":"http:\/\/fortune.com\/entertainment\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":1680985,"name":"40 Under 40","slug":"40-under-40","term_group":0,"term_taxonomy_id":46726,"taxonomy":"post_tag","description":"","parent":0,"count":190,"object_id":1331669,"filter":"raw"},{"term_id":453006,"name":"Bail","slug":"bail","term_group":0,"term_taxonomy_id":112353,"taxonomy":"post_tag","description":"","parent":0,"count":2,"object_id":1331669,"filter":"raw"},{"term_id":37323610,"name":"chicken processors","slug":"chicken-processors","term_group":0,"term_taxonomy_id":148201,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1331669,"filter":"raw"},{"term_id":494745,"name":"civil forfeiture","slug":"civil-forfeiture","term_group":0,"term_taxonomy_id":148200,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1331669,"filter":"raw"},{"term_id":1384378,"name":"john oliver","slug":"john-oliver","term_group":0,"term_taxonomy_id":127879,"taxonomy":"post_tag","description":"","parent":0,"count":9,"object_id":1331669,"filter":"raw"},{"term_id":321538016,"name":"John Oliver Effect","slug":"john-oliver-effect","term_group":0,"term_taxonomy_id":148073,"taxonomy":"post_tag","description":"","parent":0,"count":3,"object_id":1331669,"filter":"raw"},{"term_id":213489861,"name":"last week tonight","slug":"last-week-tonight","term_group":0,"term_taxonomy_id":127878,"taxonomy":"post_tag","description":"","parent":0,"count":3,"object_id":1331669,"filter":"raw"},{"term_id":562597,"name":"miss america","slug":"miss-america","term_group":0,"term_taxonomy_id":130726,"taxonomy":"post_tag","description":"","parent":0,"count":4,"object_id":1331669,"filter":"raw"},{"term_id":38036,"name":"Net neutrality","slug":"net-neutrality","term_group":0,"term_taxonomy_id":55499,"taxonomy":"post_tag","description":"","parent":0,"count":59,"object_id":1331669,"filter":"raw"},{"term_id":402728220,"name":"U.S. territory rights","slug":"u-s-territory-rights","term_group":0,"term_taxonomy_id":148202,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1331669,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"40 Under 40","slug":"40-under-40","url":"http:\/\/fortune.com\/tag\/40-under-40\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The TV host has a measurable influence on issues ranging from net neutrality to U.S. territory rights.","seo":{"seo_title":"John Oliver is having an impact on everything from business to policy","seo_description":"Last Week Tonight host John Oliver is having an impact and influencing issues ranging from net neutrality to U.S. territory rights.","seo_keywords":"John Oliver impact, John Oliver, John Oliver influence, influence of This Week Tonight, impact of This Week Tonight, 40 Under 40, John Oliver Effect, John Oliver bail, John Oliver net neutrality, John Oliver Miss America, John Oliver Miss America Pageant, John Oliver civil forfeiture, John Oliver chicken processors, John Oliver U.S. territory rights","seo_news_keywords":"John Oliver impact, John Oliver, John Oliver influence, influence of This Week Tonight, impact of This Week Tonight, 40 Under 40, John Oliver Effect, John Oliver bail, John Oliver net neutrality, John Oliver Miss America, John Oliver Miss America Pageant, John Oliver civil forfeiture, John Oliver chicken processors, John Oliver U.S. territory rights","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/09\/29\/john-oliver-impact\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F09%2F29%2Fjohn-oliver-impact%2F","shortlink":"http:\/\/for.tn\/1KHiIkT","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1KHiIkT","encoded_title":"The+John+Oliver+Effect%3A+Why+the+British+comedian%E2%80%99s+impact+is+no+joke","twitter_text":"Measuring the John Oliver effect: the Brit comedian\u0027s impact is no joke.","twitter_via":"FORTUNE","facebook_desc":"The British comedian\u0027s impact is no joke.","facebook_title":"The John Oliver Effect"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23906,"object_id":1331669,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1331669-0","in-article-ad-1331669-1","in-article-ad-1331669-2"]},{"id":1335657,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/09\/28\/trevor-noah-daily-show-time\/","title":"5 things to know about new \u003Ci\u003EDaily Show\u003C\/i\u003E host Trevor Noah","content":"\u003Cp\u003EMonday night brings yet another late-night television debut. This time, it\u0026#8217;s Trevor Noah taking his first spin as host of \u003Cem\u003EThe Daily Show\u003C\/em\u003E, Comedy Central\u0026#8217;s late-night tentpole.\u003C\/p\u003E\n\u003Cp\u003EThe network, owned by Viacom \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022VIA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/via\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EVIA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, has said goodbye to two comedy superstars in the past year: Noah\u0026#8217;s predecessor, Jon Stewart, and Stewart\u0026#8217;s protege, Stephen Colbert. That means there\u0026#8217;s a lot riding on Stewart\u0026#8217;s replacement, the 31-year-old South African Noah.\u003C\/p\u003E\n\u003Cp\u003ESo, before Noah sits down with his first guest \u2014 comedian Kevin Hart \u2014 here are five things to know about the young man with a big role to fill in late-night TV. \u003Cem\u003EThe Daily Show \u003C\/em\u003Eairs at 11 p.m. ET.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E1. He\u0026#8217;s already stirred up controversy\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EIt only took a few hours after Noah\u0026#8217;s announcement as \u003Cem\u003EThe Daily Show\u003C\/em\u003E host for people curious about the young comedian to find a series of offensive tweets he posted several years earlier. The tweets, which were seen as negative towards groups from women to Jews and the obese, caused a firestorm of criticism. Noah \u003Ca href=\u0022http:\/\/deadline.com\/2015\/03\/trevor-noah-controversy-twitter-comedy-central-1201402001\/\u0022 target=\u0022_blank\u0022\u003Equickly apologized\u003C\/a\u003E, blaming the offensive posts on his youth at the time while also claiming that his comedy and his personal views had evolved over the subsequent years.\u003C\/p\u003E\n\u003Cp\u003EHowever, Noah was \u003Ca href=\u0022http:\/\/www.slate.com\/blogs\/xx_factor\/2015\/09\/15\/trevor_noah_s_comments_on_the_vanity_fair_photo_show_he_doesn_t_understand.html\u0022 target=\u0022_blank\u0022\u003Ecriticized again\u003C\/a\u003E more recently after responding to complaints over an all-male photo shoot of late-night television hosts. Noah suggested that women are already powerful forces in entertainment, despite their lack of representation behind television comedy anchor desks.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. He was shaped by a difficult upbringing\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ENoah was born to a black mother and a white father in South Africa in 1984, a time when interracial relationships were illegal in the country. In a \u003Ca href=\u0022http:\/\/comediansincarsgettingcoffee.com\/trevor-noah-episode-trailer\u0022 target=\u0022_blank\u0022\u003Erecent interview\u003C\/a\u003E with comedian Jerry Seinfeld, Noah noted that his mother actually spent time in jail over her relationship with his father, forcing her to sometimes pretend to be the family\u0026#8217;s maid and babysitter.\u003C\/p\u003E\n\u003Cp\u003ENoah \u003Ca href=\u0022http:\/\/www.gq.com\/story\/trevor-noah-ready-for-daily-show\u0022 target=\u0022_blank\u0022\u003Ehas also talked about\u003C\/a\u003E how growing up with the influence of different cultures, and in the presence of a violent stepfather, influenced his comedy style and his worldview. \u0026#8220;Literally everything has a funny side,\u0026#8221; Noah told Seinfeld.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. He\u0026#8217;s no stranger to \u003Cem\u003EThe Daily Show\u003C\/em\u003E\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ENoah joined the Comedy Central show as a correspondent last December, landing the hosting gig just a few months later. In just a handful of appearances on the program, \u003Ca href=\u0022http:\/\/www.cc.com\/video-clips\/myb4mb\/the-daily-show-with-jon-stewart-spot-the-africa\u0022 target=\u0022_blank\u0022\u003ENoah sought laughs\u003C\/a\u003E by juxtaposing recent racial and socioeconomic issues in the U.S. with his own upbringing in South Africa. Now, as the show\u0026#8217;s host, Noah will see a lot of familiar faces in the form of colleagues such as correspondents Jessica Williams, Aasif Mandvi and Jordan Klepper, who will continue to be featured on the program.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. The show\u0026#8217;s style will be different\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EMany expect Noah\u0026#8217;s turn as host of \u003Cem\u003EThe Daily Show\u003C\/em\u003E to lend an outsider\u0026#8217;s view to the show\u0026#8217;s tone that will see him continue to skewer American culture and politics. Another foreign-born comedian who has found success in a similar role is John Oliver, the former guest host of \u003Cem\u003EThe Daily Show\u003C\/em\u003E who now has his own popular weekly program on HBO. Meanwhile, Noah seems to be inclined to welcome a wide array of guests from the entertainment, corporate and political spheres. Monday\u0026#8217;s show features comedian Kevin Hart, while New Jersey Governor Chris Christie and \u003Ca href=\u0022http:\/\/time.com\/3851583\/bumble-whitney-wolfe\/\u0022 target=\u0022_blank\u0022\u003EWhitney Wolfe\u003C\/a\u003E (the co-founder of Tinder and current CEO of Bumble) will appear later in the week.\u003C\/p\u003E\n\u003Cp\u003ESpeaking of politics, Noah has said that he wants to spend more time mocking both sides of the political spectrum and, specifically, \u003Ca href=\u0022http:\/\/www.salon.com\/2015\/09\/28\/trevor_noah_gives_fox_news_a_free_pass_the_new_daily_show_could_be_great_for_ailes_and_hannity_bad_for_america\/\u0022 target=\u0022_blank\u0022\u003Ehe doesn\u0026#8217;t want to\u003C\/a\u003E specifically focus on bashing Fox News like his predecessor did. Instead, Noah will likely glean more comedy from media outlets with younger-skewing audiences, such as Gawker and Buzzfeed, as well as from social media.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E5. He has big shoes to fill\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EStewart is a comedy institution who hosted \u003Cem\u003EThe Daily Show\u003C\/em\u003E for 16 years, helping to shape the political views and the funny bones of \u003Ca href=\u0022http:\/\/fortune.com\/2015\/08\/06\/jon-stewart-millennials-gop-debate\/\u0022 target=\u0022_blank\u0022\u003Emany a millennial viewer\u003C\/a\u003E. Any replacement faces a steep challenge, but that\u0026#8217;s especially the case for someone like Noah, who has had limited exposure to U.S. audiences.\u003C\/p\u003E\n\u003Cp\u003EWhat\u0026#8217;s more, Noah takes the reins at \u003Cem\u003EThe Daily Show\u003C\/em\u003E at a time when the late-night television landscape is particularly crowded with new faces, \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/08\/stephen-colbert-late-night\/\u0022 target=\u0022_blank\u0022\u003Eincluding Stephen Colbert\u003C\/a\u003E (as opposed to the \u0026#8220;Stephen Colbert\u0026#8221; character) and James Corden on CBS \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CBS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/cbs\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECBS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, as well as former \u003Cem\u003EDaily Show\u003C\/em\u003E correspondent Samantha Bee, who will have her own new show on TBS starting in January. There\u0026#8217;s more competition than ever for late-night TV ratings, not to mention advertising dollars.\u003C\/p\u003E\n","time":{"pretty":"September 28, 2015","published":"2015-09-28 04:28:34","updated":"2015-09-28 04:28:34","minute":"4:28 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/09\/28\/trevor-noah-daily-show-time\/","absolute_url":"http:\/\/fortune.com\/2015\/09\/28\/trevor-noah-daily-show-time\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/09\/28\/trevor-noah-daily-show-time\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"5 things to know about Trevor Noah before his first \u0027Daily Show\u0027","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/09\/gettyimages-489416360.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Joe Scarnici \u2014 Getty Images for Comedy Central","caption":"Comedian Trevor Noah arrives at the Comedy Central Emmys After Party at Boulevard3 on September 20, 2015 in Hollywood, California.  ","attach_id":"1336248"},"excerpt":"\u003Cp\u003EHis first show airs Monday.\u003C\/p\u003E\n","authors":[{"id":"276852","url":"http:\/\/fortune.com\/author\/tom-huddleston-jr\/","name":"Tom Huddleston, Jr.","twitter":"tjhuddle","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026w=150",150,150,true],"bio":"Tom Huddleston, Jr. is a writer for fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":384,"name":"Entertainment","slug":"entertainment","term_group":0,"term_taxonomy_id":130744,"taxonomy":"category","description":"News about the business of entertainment, including the music, film and TV industries, as well as the celebrities and people who work in them. 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Flip a Coin","content":"\u003Cp\u003EThe probability of a Federal Reserve interest-rate hike by the end of the year has been inching upwards towards the 50-50 mark, according to those tracking the Fed Fund futures prices.\u003C\/p\u003E\n\u003Cp\u003EFutures company CME Group is putting the probability of a rate hike at around 47% in its latest \u003Ca href=\u0022http:\/\/www.cmegroup.com\/trading\/interest-rates\/countdown-to-fomc.html\u0022 target=\u0022_blank\u0022\u003Enumbers\u003C\/a\u003E, while futures contracts charted by Bloomberg \u003Ca href=\u0022http:\/\/www.bloomberg.com\/news\/articles\/2015-11-02\/fed-rate-odds-rising-to-50-spell-losses-for-treasury-investors\u0022 target=\u0022_blank\u0022\u003Eessentially\u003C\/a\u003E put the probability of a hike at a 50-50 proposition.\u003C\/p\u003E\n\u003Cp\u003EThe 30-day Fed Fund futures can be used as a guide to predict when the Fed might increase interest rates since the prices are an expression of trader\u0026#8217;s views on the likelihood of changes in U.S. monetary policy. CME Group has come up with their own FedWatch tool that helps investors view the probability of a hike through their own \u003Ca href=\u0022https:\/\/www.cmegroup.com\/trading\/interest-rates\/files\/fed-funds-futures-probability-tree-calculator.pdf\u0022 target=\u0022_blank\u0022\u003Ecalculations\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EA December rate hike is a surprising departure from the previous widely-believed period of March, and some economists now believe the sentiment is shifting towards an end-year increase. \u0026#8220;The Fed is seriously considering a December rate hike,\u0026#8221; Harm Bandholz, an economist at UniCredit in New York, told \u003Ca href=\u0022http:\/\/www.reuters.com\/article\/2015\/10\/29\/us-usa-fed-idUSKCN0SM0BJ20151029\u0022 target=\u0022_blank\u0022\u003EReuters\u003C\/a\u003E. 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Flip a Coin","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/gettyimages-494989868.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Andrew Harrer \u2014 Bloomberg via Getty Images","caption":"Janet Yellen, chair of the U.S. Federal Reserve, attends an open meeting of the Board of Governors of the Federal Reserve with Stanley Fischer, vice chairman of the U.S. Federal Reserve, right, in Washington, D.C., U.S., on Friday, Oct. 30, 2015.","attach_id":"1403226"},"excerpt":"\u003Cp\u003EInvestors are increasingly putting their money behind a December decision.\u003C\/p\u003E\n","authors":[{"id":"1178865","url":"http:\/\/fortune.com\/author\/jonathan-chew\/","name":"Jonathan Chew","twitter":"sochews","gplus":"","email":"jonathan.chew@fortune.com","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13487,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":415028697,"name":"bloomberg fed futures","slug":"bloomberg-fed-futures","term_group":0,"term_taxonomy_id":154037,"taxonomy":"post_tag","description":"","parent":0,"count":0,"filter":"raw"},{"term_id":13376954,"name":"cme group","slug":"cme-group","term_group":0,"term_taxonomy_id":154034,"taxonomy":"post_tag","description":"","parent":0,"count":0,"filter":"raw"},{"term_id":389317782,"name":"fed futures","slug":"fed-futures","term_group":0,"term_taxonomy_id":154033,"taxonomy":"post_tag","description":"","parent":0,"count":0,"filter":"raw"},{"term_id":279218270,"name":"fed interest rate hike","slug":"fed-interest-rate-hike","term_group":0,"term_taxonomy_id":154032,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":6631,"name":"Federal Reserve","slug":"federal-reserve","term_group":0,"term_taxonomy_id":47004,"taxonomy":"post_tag","description":"","parent":0,"count":247,"filter":"raw"},{"term_id":38267332,"name":"fedwatch","slug":"fedwatch","term_group":0,"term_taxonomy_id":154035,"taxonomy":"post_tag","description":"","parent":0,"count":0,"filter":"raw"},{"term_id":8182857,"name":"fmoc","slug":"fmoc","term_group":0,"term_taxonomy_id":154036,"taxonomy":"post_tag","description":"","parent":0,"count":0,"filter":"raw"},{"term_id":25949106,"name":"harm bandholz","slug":"harm-bandholz","term_group":0,"term_taxonomy_id":154038,"taxonomy":"post_tag","description":"","parent":0,"count":0,"filter":"raw"},{"term_id":3374708,"name":"Janet Yellen","slug":"janet-yellen","term_group":0,"term_taxonomy_id":47005,"taxonomy":"post_tag","description":"","parent":0,"count":107,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2967,"filter":"raw"},{"term_id":691399,"name":"unicredit","slug":"unicredit","term_group":0,"term_taxonomy_id":154039,"taxonomy":"post_tag","description":"","parent":0,"count":0,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Federal Reserve","slug":"federal-reserve","url":"http:\/\/fortune.com\/tag\/federal-reserve\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Investors are increasingly putting their money behind a December decision.","seo":{"seo_title":"Probability of Federal Reserve Interest Rate Hike is 50%","seo_description":"The chance of a Federal Reserve interest-rate hike by this December is approaching the 50-50 mark, according to traders and economists.","seo_keywords":"federal reserve, fed interest rate hike, fed futures, cme group, fedwatch, fmoc, janet yellen, bloomberg fed futures, harm bandholz, unicredit","seo_news_keywords":"federal reserve, fed interest rate hike, fed futures, cme group, fedwatch, fmoc, janet yellen, bloomberg fed futures, harm bandholz, unicredit","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/federal-reserve-rate-increase\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Ffederal-reserve-rate-increase%2F","shortlink":"http:\/\/for.tn\/20nVZ7H","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F20nVZ7H","encoded_title":"Want+to+Know+if+the+Fed+Will+Raise+Rates+This+Year%3F+Flip+a+Coin","twitter_text":"Want to know if the Fed will raise rates this year? 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Last month\u0026#8217;s report came in far weaker than analysts expected (the estimate was 200,000), but U.S. stocks actually rebounded on the news, as investors saw the week growth as a factor that could convince the Federal Reserve to put off raising interest rates.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. More economic data: manufacturing, trade deficit, auto sales\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EOther potentially market-moving economic data due this week includes Monday\u0026#8217;s survey of purchasing managers, from the Institute for Supply Management, which could help stocks with a weak showing in the manufacturing sector. And, on Tuesday, automakers will report U.S. vehicle sales for October, which are expected to be strong, thanks to low gas prices and the improved labor market. 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Earnings: Facebook, Disney\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ESeveral more major companies will report their latest quarterly earnings this week, including Walt Disney \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022DIS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/dis\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EDIS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Warren Buffett investment vehicle Berkshire Hathaway \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022BRK\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/brk\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EBRK\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, and social networking giant Facebook \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022FB\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/fb\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EFB\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E. Facebook has increased spending this year on mobile businesses such as WhatsApp and the Messenger app, as well as the Oculus virtual reality business, but the company is still expected to report third-quarter profit that beats Wall Street\u0026#8217;s forecasts. Disney will report its fourth-quarter and full-year numbers, with the \u0026#8220;Mouse House\u0026#8221; likely to fall short of analysts\u0026#8217; revenue estimates after the company lowered its cable networks\u0026#8217; profit forecasts due to declining subscribers. And, Berkshire Hathaway is expected to report a non-cash gain of roughly $7 billion in the third quarter, thanks to a boost in the value of the firm\u0026#8217;s stake in Kraft Heinz \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022KHC\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/khc\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EKHC\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, though Berkshire\u0026#8217;s profits per share could be hurt by declining stock prices. Other companies reporting earnings this week include Cigna \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CI\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/ci\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECI\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Molson Coors Brewing \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TAP\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tap\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETAP\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Tesla Motors \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TSLA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tsla\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETSLA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, and Qualcomm \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022QCOM\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/qcom\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EQCOM\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. Turkey\u0026#8217;s election\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ETurkey held a snap election on Sunday after a \u003Ca href=\u0022http:\/\/fortune.com\/2015\/06\/07\/turkey-national-election-results\/\u0022 target=\u0022_blank\u0022\u003Eprevious election in June\u003C\/a\u003E resulted in a hung parliament and a coalition could not be reached. The ruling Justice and Development Party (AKP) \u003Ca href=\u0022http:\/\/www.bbc.com\/news\/world-europe-34694420\u0022\u003Ewon back the majority it lost in June\u003C\/a\u003E. As \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/turkey-election-markets\/\u0022 target=\u0022_blank\u0022\u003E\u003Cem\u003EFortune\u003C\/em\u003E noted on Friday\u003C\/a\u003E, the outcome of the election should be important for global financial markets, as Turkey\u0026#8217;s lira currency has seen quite a bit of volatility recently.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002236\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4587399063001-36\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224587399063001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1WoMFvu\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbestlessonlearned%2Cbillmaris%2Cchase%2Cchrismartin%2Cdollarshaveclub%2Cebay%2Cetsy%2Cfortunevideo%2Cgoogleventures%2Cgrokker%2Cjpmorganchase%2Ckatrinalake%2Ckristinasalen%2Clarsbjork%2Clornaborenstein%2Cmichaeldubin%2Cmichaellee%2Cmyfitnesspal%2Cnewyorkstockexchange%2Cnoahwintroub%2Cnyse%2Cpandora%2Cqlik%2Crjpittman%2Csiliconvalley%2Cstitchfix%2Cstitchfix%2Ctechcetera%2Ctecnology%2Ctomfarley%2Ctristanwalker%2Cwalkerandcompany%2Cyoutube%26ch%3Dtech%26topic%3Dtechcetera\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E5. Bank of England sets interest rates\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe Bank of England is not expected to touch its benchmark interest rate, which would remain steady at the central bank\u0026#8217;s all-time low of 0.5%. The bank\u0026#8217;s leaders will have to take into consideration the recent rebound for the pound, which \u003Ca href=\u0022http:\/\/www.bloomberg.com\/news\/articles\/2015-10-30\/boe-walking-policy-tightrope-as-pound-resurges-amid-rate-bets\u0022 target=\u0022_blank\u0022\u003Erecently saw its biggest monthly gain\u003C\/a\u003E versus the euro since 2010.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u2014Reuters contributed to this report.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"November 1, 2015","published":"2015-11-01 08:47:10","updated":"2015-11-01 08:47:10","minute":"8:47 PM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Week ahead: October jobs, Facebook\u0027s earnings, and Turkey\u0027s election","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-490329518.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by David Paul Morris \u2014 Bloomberg via Getty Images","caption":"Mark Zuckerberg, chief executive officer of Facebook.","attach_id":"1351899"},"excerpt":"\u003Cp\u003EHere\u0026#8217;s what you need to know for the week ahead.\u003C\/p\u003E\n","authors":[{"id":"276852","url":"http:\/\/fortune.com\/author\/tom-huddleston-jr\/","name":"Tom Huddleston, Jr.","twitter":"tjhuddle","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026w=150",150,150,true],"bio":"Tom Huddleston, Jr. is a writer for fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":9548,"name":"Features","slug":"features","term_group":0,"term_taxonomy_id":46733,"taxonomy":"category","description":"News and in-depth looks at topics of interest to the Forune audience, with a focus on storytelling and context of the news you need to know.","parent":0,"count":5237,"filter":"raw"},{"term_id":5142,"name":"International","slug":"international","term_group":0,"term_taxonomy_id":46731,"taxonomy":"category","description":"News with an international focus on the global marketplace and how the world\u0027s connected economies 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Disney","slug":"walt-disney","term_group":0,"term_taxonomy_id":59648,"taxonomy":"post_tag","description":"","parent":0,"count":33,"filter":"raw"},{"term_id":325911,"name":"Week Ahead","slug":"week-ahead","term_group":0,"term_taxonomy_id":114234,"taxonomy":"post_tag","description":"","parent":0,"count":41,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"5 things","slug":"5-things","url":"http:\/\/fortune.com\/tag\/5-things\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Here\u0026#8217;s what you need to know for the week ahead.","seo":{"seo_title":"Week Ahead: October Jobs, Facebook Earnings, And Turkey\u0027s Election","seo_description":"Here\u0027s what you need to know for the week ahead.","seo_keywords":"5 things, Week Ahead, October jobs report, october employment, labor department, monthly employment, purchasing managers\u0027 index, manufacturing industry, auto sales, vehicles, automakers, disney earnings, walt disney, facebook earnings, berkshire hathaway, 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rates","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F01%2Fweek-ahead-5things-jobs%2F","shortlink":"http:\/\/for.tn\/1WoMFvu","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1WoMFvu","encoded_title":"October+jobs%2C+Facebook%E2%80%99s+earnings%2C+and+Turkey%E2%80%99s+election+%E2%80%94%C2%A05+things+to+know+this+week","twitter_text":"October jobs, Facebook\u0027s earnings, and Turkey\u0027s election \u2014\u00a05 things to know this week","twitter_via":"FORTUNE","facebook_desc":"Here\u0027s what you need to know for the week ahead.","facebook_title":"Week Ahead: October Jobs, Facebook\u0027s Earnings, And Turkey\u0027s Election"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23858,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1399354-0","in-article-ad-1399354-1","in-article-ad-1399354-2"]},{"id":1397090,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/republican-debate-put-the-gops-identity-crisis-on-full-display\/","title":"Republican debate put the GOP\u0027s identity crisis on full display","content":"\u003Cp class=\u0022p1\u0022\u003EWednesday evening\u0026#8217;s dysfunctional Republican primary debate on the economy failed to give any further clarity as to who the party\u0026#8217;s nominee will be in next year\u0026#8217;s contentious presidential election. The 10 highest polling GOP candidates fought for every second of airtime in the truncated two-hour debate in a bid to prove their strength and economic prowess to voters.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EUnfortunately, what voters got was a mish-mash of regressive and fantastical tax schemes mixed with heavy doses of populist rhetoric, which made some of the candidates sound less like Ronald Reagan and more like Elizabeth Warren.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EFor many of the candidates, last night was probably their last chance to address a national audience. Four of the 14 remaining Republican candidates weren\u0026#8217;t even allowed on the main stage and were forced to take part in a debate earlier in the day, which few watched. Of the 10 candidates who managed to secure a place on the main stage last night, eight had poll numbers in the single digits, meaning many of them could find themselves on the campaign-killing second-string debate next time around\u003Cspan class=\u0022s2\u0022\u003E.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ESeveral candidates chose to lash out in bombastic tirades in a desperate attempt to get noticed by any means possible. Some were more effective at this than others. Ohio Gov. John Kasich focused his feigned outrage toward the frontrunners, saying their regressive \u0026#8220;flat\u0026#8221; tax plans were a \u0026#8220;fantasy,\u0026#8221; while begging voters not to be fooled by false prophets. \u0026#8220;Folks, we\u2019ve got to wake up,\u0026#8221; Kasich pleaded. \u0026#8220;We cannot elect somebody that doesn\u2019t know how to do the job. You have got to pick somebody who has experience, somebody that has the know-how, the discipline.\u0026#8221;\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EUnfortunately, Kasich, who headed the powerful House Budget Committee in the 1990s, was ruthlessly shredded by the GOP frontrunner, Donald Trump, who shamelessly dismissed the governor\u0026#8217;s success in balancing Ohio\u0026#8217;s state budget as \u0026#8220;lucky,\u0026#8221; attributing the state\u0026#8217;s budget surplus mostly to a windfall in revenue received from \u003Cspan class=\u0022s1\u0022\u003Ea tax on \u003C\/span\u003Eenergy producers and not to Kasich\u0026#8217;s experience and hard work.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EWhile fracking revenue has helped to pad Ohio\u0026#8217;s budget over the years, it was hardly the sole reason for the governor\u0026#8217;s success in taking the state from a deficit to surplus. Indeed, Kasich\u0026#8217;s attempt to raise taxes on oil and gas companies was rejected this summer by the Republican-controlled state legislature. The money would have gone to help pay for an income tax cut, which Kasich believed would help stimulate the state\u0026#8217;s economy.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut that wasn\u0026#8217;t the worst part of the Kasich-Trump exchange. No, Trump then accused Kasich of being on the board of Lehman Brothers during the financial crisis, \u0026#8220;when it went down the tubes and almost took every one of us with it,\u0026#8221; the billionaire sneered.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EKasich was never on the board of Lehman Brothers. He was a banker in a satellite office in Ohio and had no input into the goings on at the bank\u0026#8217;s headquarters in New York. Indeed, given Kasich\u0026#8217;s conservative record, it is doubtful that if he were on the board he would have let the company lever up as much as it did.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut the points were scored, facts be damned. Kasich is just another fat cat Wall Streeter who nearly destroyed the financial system. \u0026#8220;Kasich\u0026#8221; closed.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EWhile Lehman\u0026#8217;s collapse did help light the spark that sent the financial crisis into overdrive, it is unfair to say that the bank, \u0026#8220;started it all.\u0026#8221; There were a slew of factors that led to the 2008 financial crisis and, while Lehman and Wall Street certainly played a big role, neither were solely to blame.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EKasich and Trump\u0026#8217;s spat set the tone for the night: Wall Street and the big banks were evil, the Federal Reserve needs to be reined in, and our financial markets were somehow \u0026#8220;rigged\u0026#8221; to help the rich and wealthy.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EWas this the Republican debate? Such populist rhetoric was once reserved solely to the far end of the left wing, but somehow made its way into the GOP debate.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EFormer HP CEO Carly Fiorina, who won the most talking time during the debate, was probably the most vocal on this topic, noting: \u0026#8220;Why are there five even bigger Wall Street banks now, instead of the 10 we used to have on Wall Street? Because when government gets big and powerful, the big feel like they need to get even bigger to deal with all that power, and meanwhile, the small and the powerless\u2014in this case, 1,590 community banks\u2014go out of business.\u0026#8221;\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EShe goes on\u0026#8230;\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u0026#8220;Big government favors the big, the powerful, the wealthy and the well-connected, and crushes the small and the powerless.\u0026#8221;\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ESo what exactly does Fiorina propose to do about all of this \u003Cspan class=\u0022s1\u0022\u003Einjustice\u003C\/span\u003E? She didn\u0026#8217;t really say and, unfortunately, the moderators didn\u0026#8217;t probe further as she went over her allotted time. But it sounds like she is in favor of \u0026#8220;breaking up\u0026#8221; the big banks, a policy championed by Sen. Bernie Sanders of Vermont. Indeed, Fiorina\u0026#8217;s distrust of Wall Street and her antagonistic views seemed as if it was ripped out of a speech that Elizabeth Warren, the firebrand liberal senator from Massachusetts, might give to stoke her base.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut Fiorina wasn\u0026#8217;t the only candidate on stage shooting off populist rhetoric in a bid to get more attention. Sen. Ted Cruz of Texas said he is in favor of \u0026#8220;auditing\u0026#8221; the Federal Reserve, stealing a page right out of the Paul Family\u0026#8217;s Populist Playbook\u2014as in the family of former Rep Ron Paul of Texas and his son Sen. Rand Paul of Kentucky. Ron Paul tried for years to get the Fed to open its books. He even \u003Cspan class=\u0022s3\u0022\u003E\u003Ca href=\u0022https:\/\/en.wikipedia.org\/wiki\/End_the_Fed\u0022\u003Ewrote\u003C\/a\u003E \u003C\/span\u003Ea book called \u003Cem\u003EEnd the Fed\u003C\/em\u003E in which he called for the central bank to be disbanded and for the U.S. to \u003Cspan class=\u0022s1\u0022\u003Ereturn \u003C\/span\u003Eto the hopelessly antiquated gold standard, in which the monetary supply is essentially fixed. Rand Paul, who was standing next to Cruz in the debate, echoed his support for his father\u0026#8217;s policy, noting that he introduced a bill to audit the Fed back in 2011.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EMessing around with the Fed is not a conservative ideal; it is a radical and populist one. The central bank was intentionally set up to be independent of congressional review to prevent the government from unduly influencing its monetary policy decisions. Cracking open the Fed would be like opening a financial Pandora\u0026#8217;s Box as it would compromise the agency\u0026#8217;s independence in the minds of investors. Demand for U.S. government debt would almost certainly fall, which could have potentially apocalyptic financial consequences, not just for the U.S. but for the world economy.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EGuess who also supports an audit of the Fed. Sen. Bernie Sanders, \u003Cspan class=\u0022s3\u0022\u003E\u003Ca href=\u0022http:\/\/www.sanders.senate.gov\/newsroom\/press-releases\/the-fed-audit\u0022\u003Eof\u003C\/a\u003E \u003C\/span\u003E\u003Cspan class=\u0022s4\u0022 style=\u0022line-height:1.5;\u0022\u003E\u003Ca href=\u0022http:\/\/www.sanders.senate.gov\/newsroom\/press-releases\/the-fed-audit\u0022\u003Ecourse\u003C\/a\u003E\u003C\/span\u003E\u003Cspan style=\u0022line-height:1.5;\u0022\u003E, who was vilified by Republicans during Wednesday\u0026#8217;s debate and labeled a communist and a socialist\u003C\/span\u003E.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut it isn\u0026#8217;t just the candidates on the far right who support government intervention into the economy. Governor Jeb Bush of Florida said last night that \u0026#8220;our monetary policy\u0026#8221; must be radically changed. He didn\u0026#8217;t explain exactly how he would do that, as decisions regarding monetary policy are exclusively reserved to the Fed. If he wanted to change monetary policy, he would have to mess with the independence of the Fed in some way, which would be as bad, if not worse, than what his radical opponents support.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EPopulism has infected the Republican primaries and is now threatening to kill it. While some of this rhetoric plays well to the more conservative members of the party, it runs the risk of alienating and confusing the rest of the rank and file. This is why there is no clear Republican nominee this far into the primary season. If the Republicans don\u0026#8217;t get their act together, they might as well pack up and hand the keys over to Hillary Clinton.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 04:47:45","updated":"2015-10-29 04:47:45","minute":"4:47 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/republican-debate-put-the-gops-identity-crisis-on-full-display\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/republican-debate-put-the-gops-identity-crisis-on-full-display\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/republican-debate-put-the-gops-identity-crisis-on-full-display\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Republican debate put the GOP\u0027s identity crisis on full display","post_type":"post","featured_type":"video","featured_video":{"html":"\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00221\u0022 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Sanati","twitter":"beyondblunt","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10270,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":4308,"name":"Congress","slug":"congress","term_group":0,"term_taxonomy_id":49930,"taxonomy":"post_tag","description":"","parent":0,"count":127,"filter":"raw"},{"term_id":6631,"name":"Federal 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Party","slug":"republican-party","term_group":0,"term_taxonomy_id":110540,"taxonomy":"post_tag","description":"","parent":0,"count":35,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"republican debate","slug":"republican-debate","url":"http:\/\/fortune.com\/tag\/republican-debate\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Some candidates sounded more like Elizabeth Warren than Ronald Reagan.","seo":{"seo_title":"Republican debate put the GOP\u0027s identity crisis on full display","seo_description":"During Wednesday\u0027s Republican debate, some of the candidates sounded more like Elizabeth Warren than Ronald Reagan.","seo_keywords":"gop debate, republican debate, presidential election, jeb bush, elizabeth warren, populism, rhetoric, donald trump, john kasich","seo_news_keywords":"gop debate, republican debate, presidential election, jeb bush, elizabeth warren, populism, rhetoric, donald trump, john kasich","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/29\/republican-debate-put-the-gops-identity-crisis-on-full-display\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F29%2Frepublican-debate-put-the-gops-identity-crisis-on-full-display%2F","shortlink":"http:\/\/for.tn\/1inld3O","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1inld3O","encoded_title":"Republican+debate+put+the+GOP%E2%80%99s+identity+crisis+on+full+display","twitter_text":"Republican debate put the GOP\u0027s identity crisis on full display","twitter_via":"FORTUNE","facebook_desc":"During Wednesday\u0027s Republican debate, some of the candidates sounded more like Elizabeth Warren than Ronald Reagan.","facebook_title":"Republican debate put the GOP\u0027s identity crisis on full display"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23860,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1397090-0","in-article-ad-1397090-1","in-article-ad-1397090-2"]},{"id":1395686,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/us-economy-growth\/","title":"Economic growth slows sharply in the third quarter","content":"\u003Cp\u003EThe \u003Ca href=\u0022http:\/\/bea.gov\/newsreleases\/national\/gdp\/2015\/pdf\/gdp3q15_adv.pdf\u0022\u003EU.S. economy expanded at 1.5%\u003C\/a\u003E on an annualized basis in the third quarter, a sharp drop off from second quarter growth of 3.9% and below economists\u0026#8217; expectations of 1.6%.\u003C\/p\u003E\n\u003Cp\u003EThe Bureau of Economic Analysis report also showed that inflation remained tame in the third quarter, with Personal Consumption Expenditures rising just 1.2% year over year, after rising 2.2% in the second quarter. Core inflation, which excludes volatile food and energy prices, rose 1.3%, sharply lower from last quarter\u0026#8217;s 1.9% rise.\u003C\/p\u003E\n\u003Cp\u003EThe drop off in growth was attributed to a decline in exports, \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/28\/dollar-interest-rates\/\u0022\u003Elikely as a result of the increasingly strong dollar\u003C\/a\u003E. An expensive dollar is probably helping to keep a lid on inflation too, which is on track to come in below the Federal Reserve\u0026#8217;s target of 2% for the fourth year in a row.\u003C\/p\u003E\n\u003Cp\u003EThough the estimates will be revised in coming months, today\u0026#8217;s report is evidence that economic growth and inflation in the United States is not accelerating. The Federal Reserve, which has kept interest rates at near zero for seven years, and has expanded its balance sheet by trillions of dollars in an effort to encourage more spending and investment, seems powerless to jolt the economy into the sort of growth that would make up for the steep losses we suffered during the financial crisis.\u003C\/p\u003E\n\u003Cp\u003EWednesday\u0026#8217;s statement from the Federal Reserve kept the door open for an interest rate hike in December. And while this report doesn\u0026#8217;t give a lot of ammunition for those angling for higher borrowing costs, there\u0026#8217;s an obvious desire on the part of some FOMC members to start the rate increase process as the unemployment rate begins to fall.\u003C\/p\u003E\n\u003Cp\u003EBut with the strong dollar dragging down exports and keeping inflation low, and with slow growth and massive central-bank stimulus abroad likely to keep the dollar strong, Janet Yellen and company may have to wait a long time for a falling headline employment rate to move inflation back to where the Fed wants it to be.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 09:57:05","updated":"2015-10-29 09:57:05","minute":"9:57 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/us-economy-growth\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/us-economy-growth\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/us-economy-growth\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-183730043.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Jewel Samad\u2014AFP\/Getty Images","caption":"Federal Reserve Chair Janet Yellen.","attach_id":"1349790"},"excerpt":"\u003Cp\u003EThrowing another wrench in the Fed\u0026#8217;s December rate-hike plans.\u003C\/p\u003E\n","authors":[{"id":"348221","url":"http:\/\/fortune.com\/author\/chris-matthews\/","name":"Chris Matthews","twitter":"crobmatthews","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/chris-matthews-7811.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Chris Matthews headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/chris-matthews-7811.jpg?quality=80\u0026w=150",150,150,true],"bio":"Chris Matthews is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13486,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":199521,"name":"Economic growth","slug":"economic-growth","term_group":0,"term_taxonomy_id":46756,"taxonomy":"post_tag","description":"","parent":0,"count":66,"filter":"raw"},{"term_id":8590,"name":"Economy","slug":"economy","term_group":0,"term_taxonomy_id":47033,"taxonomy":"post_tag","description":"","parent":0,"count":418,"filter":"raw"},{"term_id":6631,"name":"Federal Reserve","slug":"federal-reserve","term_group":0,"term_taxonomy_id":47004,"taxonomy":"post_tag","description":"","parent":0,"count":246,"filter":"raw"},{"term_id":417204,"name":"gpd","slug":"gpd","term_group":0,"term_taxonomy_id":153517,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":37048,"name":"Interest Rates","slug":"interest-rates","term_group":0,"term_taxonomy_id":48370,"taxonomy":"post_tag","description":"","parent":0,"count":143,"filter":"raw"},{"term_id":143923,"name":"pce","slug":"pce","term_group":0,"term_taxonomy_id":153518,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":3094039,"name":"personal consumption","slug":"personal-consumption","term_group":0,"term_taxonomy_id":153519,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"gpd","slug":"gpd","url":"http:\/\/fortune.com\/tag\/gpd\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Throwing another wrench in the Fed\u0026#8217;s December rate-hike plans.","seo":{"seo_title":"Slow Economic Growth and Inflation: What it Means for Federal Reserve","seo_description":"The U.S. economy expanded at a 1.5% in the third quarter, throwing another wrench in the Federal Reserve\u0027s December rate-hike plans.","seo_keywords":"gpd, pce, personal consumption, economy, federal reserve, economic growth, interest rates","seo_news_keywords":"gpd, pce, personal consumption, economy, federal reserve, economic growth, interest rates","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/29\/us-economy-growth\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F29%2Fus-economy-growth%2F","shortlink":"http:\/\/for.tn\/1PSwyYk","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1PSwyYk","encoded_title":"Economic+growth+slows+sharply+in+the+third+quarter","twitter_text":"Economic growth falls off a cliff in the third quarter","twitter_via":"FORTUNE","facebook_desc":"The U.S. economy expanded at a 1.5% in the third quarter, throwing another wrench in the Federal Reserve\u0027s December rate-hike plans.","facebook_title":"Economic growth falls off a cliff in the third quarter"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23895,"filter":"raw"},"related_posts":[]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1399354,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/01\/week-ahead-5things-jobs\/","title":"October jobs, Facebook\u0027s earnings, and Turkey\u0027s election \u2014\u00a05 things to know this week","content":"\u003Cp\u003EHello friends and \u003Cem\u003EFortune\u003C\/em\u003E readers.\u003C\/p\u003E\n\u003Cp\u003EThis week brings a fresh round of economic data that could influence the Federal Reserve as it considers the timing of its long-awaited interest rate hike. Corporate earnings season is still in full swing, with the latest quarterly reports due from industry titans such from Disney to Facebook. Meanwhile, in overseas news, Turkey went back to the polls on Sunday, and the U.K.\u0026#8217;s central bank will makes an interest rate decision.\u003C\/p\u003E\n\u003Cp\u003EHere\u0026#8217;s what you need to know to start the week.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E1. October jobs report\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EMarkets will be watching closely Friday morning, when the Labor Department puts out preliminary employment numbers for the month of October. The government is expected to report that the U.S. economy added 178,000 jobs in October, compared to only 142,000 added in September. Last month\u0026#8217;s report came in far weaker than analysts expected (the estimate was 200,000), but U.S. stocks actually rebounded on the news, as investors saw the week growth as a factor that could convince the Federal Reserve to put off raising interest rates.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. More economic data: manufacturing, trade deficit, auto sales\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EOther potentially market-moving economic data due this week includes Monday\u0026#8217;s survey of purchasing managers, from the Institute for Supply Management, which could help stocks with a weak showing in the manufacturing sector. And, on Tuesday, automakers will report U.S. vehicle sales for October, which are expected to be strong, thanks to low gas prices and the improved labor market. Meanwhile, the Commerce Department is expected to report Wednesday that the U.S. trade deficit narrowed slightly in September after increasing by $6.5 billion in August.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002237\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4590271013001-37\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224590271013001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1WoMFvu\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/franchises_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dchipotle%2Cchipotleecoli%2Cchipotleecoli%2Cchipotlefoodborneillness%2Cchipotlesalmonella%2Cecolioutbreakoregon%2Cecolioutbreakwashington%2Cischipotlebadforyou%26ch%3Dfranchises%26topic%3Dchipotleecoli\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. Earnings: Facebook, Disney\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ESeveral more major companies will report their latest quarterly earnings this week, including Walt Disney \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022DIS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/dis\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EDIS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Warren Buffett investment vehicle Berkshire Hathaway \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022BRK\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/brk\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EBRK\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, and social networking giant Facebook \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022FB\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/fb\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EFB\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E. Facebook has increased spending this year on mobile businesses such as WhatsApp and the Messenger app, as well as the Oculus virtual reality business, but the company is still expected to report third-quarter profit that beats Wall Street\u0026#8217;s forecasts. Disney will report its fourth-quarter and full-year numbers, with the \u0026#8220;Mouse House\u0026#8221; likely to fall short of analysts\u0026#8217; revenue estimates after the company lowered its cable networks\u0026#8217; profit forecasts due to declining subscribers. And, Berkshire Hathaway is expected to report a non-cash gain of roughly $7 billion in the third quarter, thanks to a boost in the value of the firm\u0026#8217;s stake in Kraft Heinz \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022KHC\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/khc\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EKHC\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, though Berkshire\u0026#8217;s profits per share could be hurt by declining stock prices. Other companies reporting earnings this week include Cigna \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022CI\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/ci\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ECI\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Molson Coors Brewing \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TAP\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tap\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETAP\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, Tesla Motors \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022TSLA\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/tsla\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ETSLA\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, and Qualcomm \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022QCOM\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/qcom\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EQCOM\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. Turkey\u0026#8217;s election\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ETurkey held a snap election on Sunday after a \u003Ca href=\u0022http:\/\/fortune.com\/2015\/06\/07\/turkey-national-election-results\/\u0022 target=\u0022_blank\u0022\u003Eprevious election in June\u003C\/a\u003E resulted in a hung parliament and a coalition could not be reached. The ruling Justice and Development Party (AKP) \u003Ca href=\u0022http:\/\/www.bbc.com\/news\/world-europe-34694420\u0022\u003Ewon back the majority it lost in June\u003C\/a\u003E. 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Bank of England sets interest rates\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe Bank of England is not expected to touch its benchmark interest rate, which would remain steady at the central bank\u0026#8217;s all-time low of 0.5%. The bank\u0026#8217;s leaders will have to take into consideration the recent rebound for the pound, which \u003Ca href=\u0022http:\/\/www.bloomberg.com\/news\/articles\/2015-10-30\/boe-walking-policy-tightrope-as-pound-resurges-amid-rate-bets\u0022 target=\u0022_blank\u0022\u003Erecently saw its biggest monthly gain\u003C\/a\u003E versus the euro since 2010.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u2014Reuters contributed to this report.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"November 1, 2015","published":"2015-11-01 08:47:10","updated":"2015-11-01 08:47:10","minute":"8:47 PM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/01\/week-ahead-5things-jobs\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Week ahead: October jobs, Facebook\u0027s earnings, and Turkey\u0027s election","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-490329518.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by David Paul Morris \u2014 Bloomberg via Getty Images","caption":"Mark Zuckerberg, chief executive officer of Facebook.","attach_id":"1351899"},"excerpt":"\u003Cp\u003EHere\u0026#8217;s what you need to know for the week ahead.\u003C\/p\u003E\n","authors":[{"id":"276852","url":"http:\/\/fortune.com\/author\/tom-huddleston-jr\/","name":"Tom Huddleston, Jr.","twitter":"tjhuddle","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/tom-huddlestone-2201.jpg?quality=80\u0026w=150",150,150,true],"bio":"Tom Huddleston, Jr. is a writer for fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":9548,"name":"Features","slug":"features","term_group":0,"term_taxonomy_id":46733,"taxonomy":"category","description":"News and in-depth looks at topics of interest to the Forune audience, with a focus on storytelling and context of the news you need to know.","parent":0,"count":5237,"filter":"raw"},{"term_id":5142,"name":"International","slug":"international","term_group":0,"term_taxonomy_id":46731,"taxonomy":"category","description":"News with an international focus on the global marketplace and how the world\u0027s connected economies 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Election"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23858,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1399354-0","in-article-ad-1399354-1","in-article-ad-1399354-2"]},{"id":1397090,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/republican-debate-put-the-gops-identity-crisis-on-full-display\/","title":"Republican debate put the GOP\u0027s identity crisis on full display","content":"\u003Cp class=\u0022p1\u0022\u003EWednesday evening\u0026#8217;s dysfunctional Republican primary debate on the economy failed to give any further clarity as to who the party\u0026#8217;s nominee will be in next year\u0026#8217;s contentious presidential election. The 10 highest polling GOP candidates fought for every second of airtime in the truncated two-hour debate in a bid to prove their strength and economic prowess to voters.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EUnfortunately, what voters got was a mish-mash of regressive and fantastical tax schemes mixed with heavy doses of populist rhetoric, which made some of the candidates sound less like Ronald Reagan and more like Elizabeth Warren.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EFor many of the candidates, last night was probably their last chance to address a national audience. Four of the 14 remaining Republican candidates weren\u0026#8217;t even allowed on the main stage and were forced to take part in a debate earlier in the day, which few watched. Of the 10 candidates who managed to secure a place on the main stage last night, eight had poll numbers in the single digits, meaning many of them could find themselves on the campaign-killing second-string debate next time around\u003Cspan class=\u0022s2\u0022\u003E.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ESeveral candidates chose to lash out in bombastic tirades in a desperate attempt to get noticed by any means possible. Some were more effective at this than others. Ohio Gov. John Kasich focused his feigned outrage toward the frontrunners, saying their regressive \u0026#8220;flat\u0026#8221; tax plans were a \u0026#8220;fantasy,\u0026#8221; while begging voters not to be fooled by false prophets. \u0026#8220;Folks, we\u2019ve got to wake up,\u0026#8221; Kasich pleaded. \u0026#8220;We cannot elect somebody that doesn\u2019t know how to do the job. You have got to pick somebody who has experience, somebody that has the know-how, the discipline.\u0026#8221;\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EUnfortunately, Kasich, who headed the powerful House Budget Committee in the 1990s, was ruthlessly shredded by the GOP frontrunner, Donald Trump, who shamelessly dismissed the governor\u0026#8217;s success in balancing Ohio\u0026#8217;s state budget as \u0026#8220;lucky,\u0026#8221; attributing the state\u0026#8217;s budget surplus mostly to a windfall in revenue received from \u003Cspan class=\u0022s1\u0022\u003Ea tax on \u003C\/span\u003Eenergy producers and not to Kasich\u0026#8217;s experience and hard work.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EWhile fracking revenue has helped to pad Ohio\u0026#8217;s budget over the years, it was hardly the sole reason for the governor\u0026#8217;s success in taking the state from a deficit to surplus. Indeed, Kasich\u0026#8217;s attempt to raise taxes on oil and gas companies was rejected this summer by the Republican-controlled state legislature. The money would have gone to help pay for an income tax cut, which Kasich believed would help stimulate the state\u0026#8217;s economy.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut that wasn\u0026#8217;t the worst part of the Kasich-Trump exchange. No, Trump then accused Kasich of being on the board of Lehman Brothers during the financial crisis, \u0026#8220;when it went down the tubes and almost took every one of us with it,\u0026#8221; the billionaire sneered.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EKasich was never on the board of Lehman Brothers. He was a banker in a satellite office in Ohio and had no input into the goings on at the bank\u0026#8217;s headquarters in New York. Indeed, given Kasich\u0026#8217;s conservative record, it is doubtful that if he were on the board he would have let the company lever up as much as it did.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut the points were scored, facts be damned. Kasich is just another fat cat Wall Streeter who nearly destroyed the financial system. \u0026#8220;Kasich\u0026#8221; closed.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EWhile Lehman\u0026#8217;s collapse did help light the spark that sent the financial crisis into overdrive, it is unfair to say that the bank, \u0026#8220;started it all.\u0026#8221; There were a slew of factors that led to the 2008 financial crisis and, while Lehman and Wall Street certainly played a big role, neither were solely to blame.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EKasich and Trump\u0026#8217;s spat set the tone for the night: Wall Street and the big banks were evil, the Federal Reserve needs to be reined in, and our financial markets were somehow \u0026#8220;rigged\u0026#8221; to help the rich and wealthy.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EWas this the Republican debate? Such populist rhetoric was once reserved solely to the far end of the left wing, but somehow made its way into the GOP debate.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EFormer HP CEO Carly Fiorina, who won the most talking time during the debate, was probably the most vocal on this topic, noting: \u0026#8220;Why are there five even bigger Wall Street banks now, instead of the 10 we used to have on Wall Street? Because when government gets big and powerful, the big feel like they need to get even bigger to deal with all that power, and meanwhile, the small and the powerless\u2014in this case, 1,590 community banks\u2014go out of business.\u0026#8221;\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EShe goes on\u0026#8230;\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u0026#8220;Big government favors the big, the powerful, the wealthy and the well-connected, and crushes the small and the powerless.\u0026#8221;\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ESo what exactly does Fiorina propose to do about all of this \u003Cspan class=\u0022s1\u0022\u003Einjustice\u003C\/span\u003E? She didn\u0026#8217;t really say and, unfortunately, the moderators didn\u0026#8217;t probe further as she went over her allotted time. But it sounds like she is in favor of \u0026#8220;breaking up\u0026#8221; the big banks, a policy championed by Sen. Bernie Sanders of Vermont. Indeed, Fiorina\u0026#8217;s distrust of Wall Street and her antagonistic views seemed as if it was ripped out of a speech that Elizabeth Warren, the firebrand liberal senator from Massachusetts, might give to stoke her base.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut Fiorina wasn\u0026#8217;t the only candidate on stage shooting off populist rhetoric in a bid to get more attention. Sen. Ted Cruz of Texas said he is in favor of \u0026#8220;auditing\u0026#8221; the Federal Reserve, stealing a page right out of the Paul Family\u0026#8217;s Populist Playbook\u2014as in the family of former Rep Ron Paul of Texas and his son Sen. Rand Paul of Kentucky. Ron Paul tried for years to get the Fed to open its books. He even \u003Cspan class=\u0022s3\u0022\u003E\u003Ca href=\u0022https:\/\/en.wikipedia.org\/wiki\/End_the_Fed\u0022\u003Ewrote\u003C\/a\u003E \u003C\/span\u003Ea book called \u003Cem\u003EEnd the Fed\u003C\/em\u003E in which he called for the central bank to be disbanded and for the U.S. to \u003Cspan class=\u0022s1\u0022\u003Ereturn \u003C\/span\u003Eto the hopelessly antiquated gold standard, in which the monetary supply is essentially fixed. Rand Paul, who was standing next to Cruz in the debate, echoed his support for his father\u0026#8217;s policy, noting that he introduced a bill to audit the Fed back in 2011.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EMessing around with the Fed is not a conservative ideal; it is a radical and populist one. The central bank was intentionally set up to be independent of congressional review to prevent the government from unduly influencing its monetary policy decisions. Cracking open the Fed would be like opening a financial Pandora\u0026#8217;s Box as it would compromise the agency\u0026#8217;s independence in the minds of investors. Demand for U.S. government debt would almost certainly fall, which could have potentially apocalyptic financial consequences, not just for the U.S. but for the world economy.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EGuess who also supports an audit of the Fed. Sen. Bernie Sanders, \u003Cspan class=\u0022s3\u0022\u003E\u003Ca href=\u0022http:\/\/www.sanders.senate.gov\/newsroom\/press-releases\/the-fed-audit\u0022\u003Eof\u003C\/a\u003E \u003C\/span\u003E\u003Cspan class=\u0022s4\u0022 style=\u0022line-height:1.5;\u0022\u003E\u003Ca href=\u0022http:\/\/www.sanders.senate.gov\/newsroom\/press-releases\/the-fed-audit\u0022\u003Ecourse\u003C\/a\u003E\u003C\/span\u003E\u003Cspan style=\u0022line-height:1.5;\u0022\u003E, who was vilified by Republicans during Wednesday\u0026#8217;s debate and labeled a communist and a socialist\u003C\/span\u003E.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut it isn\u0026#8217;t just the candidates on the far right who support government intervention into the economy. Governor Jeb Bush of Florida said last night that \u0026#8220;our monetary policy\u0026#8221; must be radically changed. He didn\u0026#8217;t explain exactly how he would do that, as decisions regarding monetary policy are exclusively reserved to the Fed. If he wanted to change monetary policy, he would have to mess with the independence of the Fed in some way, which would be as bad, if not worse, than what his radical opponents support.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EPopulism has infected the Republican primaries and is now threatening to kill it. While some of this rhetoric plays well to the more conservative members of the party, it runs the risk of alienating and confusing the rest of the rank and file. This is why there is no clear Republican nominee this far into the primary season. If the Republicans don\u0026#8217;t get their act together, they might as well pack up and hand the keys over to Hillary Clinton.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 04:47:45","updated":"2015-10-29 04:47:45","minute":"4:47 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/republican-debate-put-the-gops-identity-crisis-on-full-display\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/republican-debate-put-the-gops-identity-crisis-on-full-display\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/republican-debate-put-the-gops-identity-crisis-on-full-display\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Republican debate put the GOP\u0027s identity crisis on full display","post_type":"post","featured_type":"video","featured_video":{"html":"\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00221\u0022 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Sanati","twitter":"beyondblunt","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10270,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":4308,"name":"Congress","slug":"congress","term_group":0,"term_taxonomy_id":49930,"taxonomy":"post_tag","description":"","parent":0,"count":127,"filter":"raw"},{"term_id":6631,"name":"Federal 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Consumption Expenditures rising just 1.2% year over year, after rising 2.2% in the second quarter. Core inflation, which excludes volatile food and energy prices, rose 1.3%, sharply lower from last quarter\u0026#8217;s 1.9% rise.\u003C\/p\u003E\n\u003Cp\u003EThe drop off in growth was attributed to a decline in exports, \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/28\/dollar-interest-rates\/\u0022\u003Elikely as a result of the increasingly strong dollar\u003C\/a\u003E. An expensive dollar is probably helping to keep a lid on inflation too, which is on track to come in below the Federal Reserve\u0026#8217;s target of 2% for the fourth year in a row.\u003C\/p\u003E\n\u003Cp\u003EThough the estimates will be revised in coming months, today\u0026#8217;s report is evidence that economic growth and inflation in the United States is not accelerating. The Federal Reserve, which has kept interest rates at near zero for seven years, and has expanded its balance sheet by trillions of dollars in an effort to encourage more spending and investment, seems powerless to jolt the economy into the sort of growth that would make up for the steep losses we suffered during the financial crisis.\u003C\/p\u003E\n\u003Cp\u003EWednesday\u0026#8217;s statement from the Federal Reserve kept the door open for an interest rate hike in December. And while this report doesn\u0026#8217;t give a lot of ammunition for those angling for higher borrowing costs, there\u0026#8217;s an obvious desire on the part of some FOMC members to start the rate increase process as the unemployment rate begins to fall.\u003C\/p\u003E\n\u003Cp\u003EBut with the strong dollar dragging down exports and keeping inflation low, and with slow growth and massive central-bank stimulus abroad likely to keep the dollar strong, Janet Yellen and company may have to wait a long time for a falling headline employment rate to move inflation back to where the Fed wants it to be.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 09:57:05","updated":"2015-10-29 09:57:05","minute":"9:57 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/us-economy-growth\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/us-economy-growth\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/us-economy-growth\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-183730043.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Jewel Samad\u2014AFP\/Getty Images","caption":"Federal Reserve Chair Janet Yellen.","attach_id":"1349790"},"excerpt":"\u003Cp\u003EThrowing another wrench in the Fed\u0026#8217;s December rate-hike plans.\u003C\/p\u003E\n","authors":[{"id":"348221","url":"http:\/\/fortune.com\/author\/chris-matthews\/","name":"Chris Matthews","twitter":"crobmatthews","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/chris-matthews-7811.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Chris Matthews headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/chris-matthews-7811.jpg?quality=80\u0026w=150",150,150,true],"bio":"Chris Matthews is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13486,"filter":"raw"}],"section":{"name":"Finance","slug":"finance","url":"http:\/\/fortune.com\/finance\/","newsletter_info":"The Term Sheet"},"tags":[{"term_id":199521,"name":"Economic growth","slug":"economic-growth","term_group":0,"term_taxonomy_id":46756,"taxonomy":"post_tag","description":"","parent":0,"count":66,"filter":"raw"},{"term_id":8590,"name":"Economy","slug":"economy","term_group":0,"term_taxonomy_id":47033,"taxonomy":"post_tag","description":"","parent":0,"count":418,"filter":"raw"},{"term_id":6631,"name":"Federal Reserve","slug":"federal-reserve","term_group":0,"term_taxonomy_id":47004,"taxonomy":"post_tag","description":"","parent":0,"count":246,"filter":"raw"},{"term_id":417204,"name":"gpd","slug":"gpd","term_group":0,"term_taxonomy_id":153517,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":37048,"name":"Interest Rates","slug":"interest-rates","term_group":0,"term_taxonomy_id":48370,"taxonomy":"post_tag","description":"","parent":0,"count":143,"filter":"raw"},{"term_id":143923,"name":"pce","slug":"pce","term_group":0,"term_taxonomy_id":153518,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":3094039,"name":"personal consumption","slug":"personal-consumption","term_group":0,"term_taxonomy_id":153519,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"gpd","slug":"gpd","url":"http:\/\/fortune.com\/tag\/gpd\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Throwing another wrench in the Fed\u0026#8217;s December rate-hike plans.","seo":{"seo_title":"Slow Economic Growth and Inflation: What it Means for Federal Reserve","seo_description":"The U.S. economy expanded at a 1.5% in the third quarter, throwing another wrench in the Federal Reserve\u0027s December rate-hike 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quarter"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23895,"filter":"raw"},"related_posts":[]}]},"id":1403001,"ad":{"type":"ad"},"button_ads":true},"in_article_ad_id":["in-article-ad-1403001-0","in-article-ad-1403001-1","in-article-ad-1403001-2"]},{"id":1403084,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","title":"Google disagrees with Apple on operating systems","content":"\u003Cp\u003EGoogle and Apple may agree on a few things, but when it comes to merging operating systems, they\u0026#8217;re worlds apart.\u003C\/p\u003E\n\u003Cp\u003ESpeaking at the TechCrunch Beijing summit on Monday, Eric Schmidt, the executive chairman of Google\u0026#8217;s parent company Alphabet, \u003Ca href=\u0022http:\/\/www.cnet.com\/news\/android-and-chrome-os-merger-rooted-in-software-advancement\/\u0022\u003Esaid\u003C\/a\u003E that he can see technology \u0026#8220;move forward where it\u0026#8217;s possible you can wrap one (operating system) into the other.\u0026#8221; Schmidt was responding to lingering questions over whether Google may eventually combine its two operating systems, Android and Chrome OS, into one. He wouldn\u0026#8217;t go so far as to say that would happen, but signs seem to point toward that eventuality.\u003C\/p\u003E\n\u003Cp\u003ELast week, the \u003Cem\u003EWall Street Journal\u003C\/em\u003E cited sources who said that \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/\u0022\u003EGoogle has been working for nearly two years to combine features\u003C\/a\u003E built into Chrome OS and Android to eventually offer a single platform that could work across devices. Currently, Google\u0026#8217;s Android operating system runs on smartphones and tablets, while the company\u0026#8217;s cloud-reliant Chrome OS platform is available on both notebooks and desktops. Both, however, come with full integration of Google applications, and Android apps can even run on Chrome OS devices.\u003C\/p\u003E\n\u003Cp\u003ESchmidt\u0026#8217;s comments have further stoked flames that Google is planning to combine its operating systems. It\u0026#8217;s an idea that Trip Chowdhry, managing director at Global Equities Research, believes is a sound one.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;[Google] operating systems share almost 90% of the (same) code,\u0026#8221; Chowdhry says. \u0026#8220;Secondly, Chromes OS on desktop market share is less than 10%, so combining the operating systems makes sense.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EIf Google were to combine its operating systems, it would follow a similar move by Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which has worked to bring the Windows 10 experience from laptops and desktops to tablets and smartphones. The initiative to get Windows 10 running on all types of devices is part of Microsoft\u0026#8217;s \u0026#8220;mobile-first\u0026#8221; initiative.\u003C\/p\u003E\n\u003Cp\u003EApple, however, is a different story. Last month, Apple CEO Tim Cook said that he \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/13\/apple-merge-ios-os-x\/\u0022\u003Ehas no plans whatsoever\u003C\/a\u003E to combine his desktop operating system OS X with his company\u0026#8217;s mobile operating system iOS. While rumors have suggested Apple would\u2014and perhaps should\u2014make such a move, Cook argued that combining one operating system designed for mobile devices and another for computers is a bad idea.\u003C\/p\u003E\n\u003Cp\u003E\u201cWe don\u2019t believe in having one operating system for PC and mobile,\u201d Cook said at the BoxWorks Conference last month. \u201cWe think it subtracts from both, and you don\u2019t get the best experience from either. We\u2019re very much focused on two.\u201d\u003C\/p\u003E\n\u003Cp\u003EInterestingly, many industry experts agreed with Cook\u0026#8217;s assessment. Chowdhry, for instance, said at the time that iOS and OS X combining \u0026#8220;does not make sense.\u0026#8221; Ian Fogg, an analyst at IHS, told \u003Cem\u003EFortune\u003C\/em\u003E that merging Apple\u0026#8217;s operating system would create a \u0026#8220;lowest-common-denominator experience\u0026#8221; for users.\u003C\/p\u003E\n\u003Cp\u003EGoogle, however, is in a different position, the experts say. Android and Chrome OS are staggeringly similar under the hood and both rely heavily on Internet connectivity to deliver their experiences. Apple \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AAPL\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/aapl\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAAPL\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and iOS may share some similar features, such as multitouch gesture support, but they are still different platforms attempting to provide varied experiences. Google\u0026#8217;s operating systems, the experts say, are more easily ported to devices of different sizes.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;It makes sense for Google, but not for Apple,\u0026#8221; Chowdhry says.\u003C\/p\u003E\n\u003Cp\u003EAssuming Google \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022GOOG\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/goog\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EGOOG\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E eventually merges operating systems, questions abound over how it will do it. The \u003Cem\u003EWall Street Journal\u0026#8217;s\u003C\/em\u003E sources say that Google will fold Chrome OS into Android. In a blog post on Monday, though, Google\u0026#8217;s Hiroshi Lockheimer, senior vice president of Android, Chrome OS and Chromecast, attempted to clear the air, saying that his company has no plans to kill Chrome OS.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;Over the last few days, there\u2019s been some confusion about the future of Chrome OS and Chromebooks based on speculation that Chrome OS will be folded into Android,\u0026#8221; Lockheimer \u003Ca href=\u0022http:\/\/chrome.blogspot.com\/2015\/11\/chrome-os-is-here-to-stay.html\u0022\u003Ewrote\u003C\/a\u003E in a blog post entitled \u0026#8220;Chrome OS is here to stay.\u0026#8221; \u0026#8220;While we\u2019ve been working on ways to bring together the best of both operating systems, there\u0026#8217;s no plan to phase out Chrome OS.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EA company spokeswoman put a finer point on Lockheimer\u0026#8217;s statement, telling \u003Cem\u003EFortune\u003C\/em\u003E that Chrome OS will not be folded into Android.\u003C\/p\u003E\n\u003Cp\u003EStill, Google has not ruled out the possibility of merging the operating systems and Lockheimer, whose team works on both platforms, says the company is working to \u0026#8220;redefine the different forms Chrome OS can take.\u0026#8221; It\u0026#8217;s possible, therefore, that eventually, Android could find its way to Chrome OS, and it\u0026#8217;ll be a single platform that runs on mobile devices around the world.\u003C\/p\u003E\n\u003Cp\u003EThe big question, however, is when such a move could happen. For now, Google isn\u0026#8217;t saying what its plans are and it\u0026#8217;s unlikely it will until the final move is made. The \u003Cem\u003EWall Street Journal\u0026#8217;s \u003C\/em\u003Esources said that the merger could come down in 2017. Chowdhry was a bit more bullish, saying the combination will happen \u0026#8220;within the next 12 months.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003E\u003Ci\u003E\u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022 target=\u0022_blank\u0022\u003ESign up for Data Sheet\u003C\/a\u003E, Fortune\u2019s daily newsletter about the business of technology.\u003C\/i\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Ci\u003EFor information on the battle between Android and iOS, check out the following Fortune video:\u003C\/i\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002238\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-3451334350001-38\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00223451334350001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1k57Hng\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3D%26ch%3D%26topic%3D\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 02:31:55","updated":"2015-11-02 02:31:55","minute":"2:31 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/google-disagrees-with-apple-on-operating-systems\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Google disagrees with Apple on operating systems","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/05\/chromebook.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Chris Ratcliffe \u2014 Bloomberg via Getty Images","caption":"Hands on with a Samsung Electronics Co. Chromebook laptop.","attach_id":"1131580"},"excerpt":"\u003Cp\u003EApple, however, believes keeping operating systems separate is a better idea.\u003C\/p\u003E\n","authors":[{"id":"334654","url":"http:\/\/fortune.com\/author\/don-reisinger\/","name":"Don Reisinger","twitter":"donreisinger","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/f_icon_orange_1.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022F_icon_orange_1 Fortune logo\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/f_icon_orange_1.png?w=150",150,150,true],"bio":"Don Reisinger has been a contributing writer for \u003Cem\u003EFortune\u003C\/em\u003E since 2015.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22101,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data 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Schmidt","slug":"eric-schmidt","term_group":0,"term_taxonomy_id":51175,"taxonomy":"post_tag","description":"","parent":0,"count":20,"filter":"raw"},{"term_id":81,"name":"Google","slug":"google","term_group":0,"term_taxonomy_id":46827,"taxonomy":"post_tag","description":"","parent":0,"count":1046,"filter":"raw"},{"term_id":324281,"name":"iOS","slug":"ios","term_group":0,"term_taxonomy_id":53155,"taxonomy":"post_tag","description":"","parent":0,"count":69,"filter":"raw"},{"term_id":120,"name":"Mobile","slug":"mobile","term_group":0,"term_taxonomy_id":55132,"taxonomy":"post_tag","description":"","parent":0,"count":371,"filter":"raw"},{"term_id":5310,"name":"Notebooks","slug":"notebooks","term_group":0,"term_taxonomy_id":126340,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":3015,"name":"operating 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OS\u2014eventually"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23905,"filter":"raw"},"related_posts":[{"id":1403448,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/google-chrome-roadmap\/","title":"Here\u0027s Why Google Chromebooks Aren\u0027t Going Away Anytime Soon","content":"\u003Cp\u003EDespite Android\u0026#8217;s global success, Google won\u0026#8217;t be folding its PC operating system, Chrome OS, into Android, the \u003Ca href=\u0022http:\/\/chrome.blogspot.com\/\u0022\u003Ecompany said on Monday in a blog post\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/\u0022\u003ELast week, the \u003Cem\u003EWall Street Journal\u003C\/em\u003E published a report\u003C\/a\u003E, citing anonymous sources, that the tech giant had been working on combining its two operating systems under Android\u0026#8217;s umbrella. The new system would run on both mobile devices and PCs, the report said. It would unveil it next year and make it publicly available in 2017.\u003C\/p\u003E\n\u003Cp\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/\u0022\u003EGoogle \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022GOOGL\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/googl\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EGOOGL\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E immediately denied the rumor\u003C\/a\u003E, and on Monday expanded on its commitment to Chrome\u0026#8217;s suite of software and products. Next year, dozens of new Chromebooks, lightweight laptop that run on Chrome\u0026#8217;s operating system, are slated for release, the company says. A new media player, along with a new design and extra security features are also in the works.\u003C\/p\u003E\n\u003Cp\u003EGoogle has also committed to software auto-updates for the next five years for its Chromebooks.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 02:54:06","updated":"2015-11-02 02:54:06","minute":"2:54 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/google-chrome-roadmap\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/google-chrome-roadmap\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/google-chrome-roadmap\/","outbrain_footer":true,"outbrain_right_rail":false,"short_title":"Google\u0027s reaffirms commitment to Chromebooks","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/05\/gettyimages-451228632.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Bloomberg via Getty Images","caption":"Sundar Pichai, senior vice president of Android, Chrome and Apps for Google Inc., speaks during the Google I\/O Annual Developers Conference in San Francisco, California, U.S., on Wednesday, June 25, 2014. ","attach_id":"1137245"},"excerpt":"\u003Cp\u003ECompany has denied recent media reports.\u003C\/p\u003E\n","authors":[{"id":"1024641","url":"http:\/\/fortune.com\/author\/kia-kokalitcheva\/","name":"Kia Kokalitcheva","twitter":"imkialikethecar","gplus":"","email":"kia.kokalitcheva@fortune.com","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022kia kokalitcheva (318) square crop\u0022 \/\u003E","thumbnail_alt":"kia kokalitcheva (318) square crop","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026w=150",150,150,true],"bio":"Kia Kokalitcheva is a reporter at \u003Cem\u003EFortune\u003C\/em\u003E. She covers technology and Silicon Valley with a focus on the \u0022on-demand economy.\u0022 She is based in San Francisco.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22102,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":641922,"name":"Android","slug":"android","term_group":0,"term_taxonomy_id":47981,"taxonomy":"post_tag","description":"","parent":0,"count":148,"filter":"raw"},{"term_id":22536748,"name":"Chrome OS","slug":"chrome-os","term_group":0,"term_taxonomy_id":110935,"taxonomy":"post_tag","description":"","parent":0,"count":6,"filter":"raw"},{"term_id":5838766,"name":"Chromebooks","slug":"chromebooks","term_group":0,"term_taxonomy_id":153840,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":81,"name":"Google","slug":"google","term_group":0,"term_taxonomy_id":46827,"taxonomy":"post_tag","description":"","parent":0,"count":1046,"filter":"raw"},{"term_id":981680,"name":"Mobile Operating System","slug":"mobile-operating-system","term_group":0,"term_taxonomy_id":110649,"taxonomy":"post_tag","description":"","parent":0,"count":7,"filter":"raw"},{"term_id":5495,"name":"Operating System","slug":"operating-system","term_group":0,"term_taxonomy_id":116838,"taxonomy":"post_tag","description":"","parent":0,"count":18,"filter":"raw"},{"term_id":4775,"name":"PCs","slug":"pcs","term_group":0,"term_taxonomy_id":112796,"taxonomy":"post_tag","description":"","parent":0,"count":17,"filter":"raw"},{"term_id":1479888,"name":"personal computers","slug":"personal-computers","term_group":0,"term_taxonomy_id":112831,"taxonomy":"post_tag","description":"","parent":0,"count":21,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2968,"filter":"raw"},{"term_id":118779,"name":"Wall Street Journal","slug":"wall-street-journal","term_group":0,"term_taxonomy_id":59641,"taxonomy":"post_tag","description":"","parent":0,"count":25,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Google","slug":"google","url":"http:\/\/fortune.com\/tag\/google\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Company has denied recent media reports.","seo":{"seo_title":"Google\u0027s commitment to Chrome OS: new Chromebooks and features","seo_description":"Despite a report last week that the company was planning to fold Chrome OS into Android, Google is planning new laptops and features.","seo_keywords":"Google, Android, Chrome OS, Chromebooks, operating system, Wall Street Journal, mobile operating system, personal computers, PCs,","seo_news_keywords":"Google, Android, Chrome OS, Chromebooks, operating system, Wall Street Journal, mobile operating system, personal computers, PCs,","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/google-chrome-roadmap\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fgoogle-chrome-roadmap%2F","shortlink":"http:\/\/for.tn\/1GIfxNz","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1GIfxNz","encoded_title":"Here%E2%80%99s+Why+Google+Chromebooks+Aren%E2%80%99t+Going+Away+Anytime+Soon","twitter_text":"Google dismisses WSJ report that Chromebooks will run Android","twitter_via":"FORTUNE","facebook_desc":"Company has denied recent media reports.","facebook_title":"Here\u0027s Why Google Chromebooks Aren\u0027t Going Away Anytime Soon"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23908,"filter":"raw"},"related_posts":[]},{"id":1399342,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/google-chrome-os-android-merger\/","title":"Google merging Chrome OS and Android? Not so fast","content":"\u003Cp\u003EOn Thursday, the \u003Ca href=\u0022http:\/\/www.wsj.com\/article_email\/alphabets-google-to-fold-chrome-operating-system-into-android-1446151134-lMyQjAxMTA1NzIxOTAyMzk4Wj\u0022\u003E\u003Cem\u003EThe Wall Street Journal\u003C\/em\u003E\u003C\/a\u003E published a report claiming that Google \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022GOOG\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/goog\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EGOOG\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is in the process of merging its two operating systems: Chrome OS and Android.\u003C\/p\u003E\n\u003Cp\u003EAccording to the \u003Cem\u003EJournal\u2019s\u003C\/em\u003E sources, Chrome OS would cease to exist after being folded into Android sometime in 2017. Combining the two operating systems has been in the works for nearly two years, the report said.\u003C\/p\u003E\n\u003Cp\u003EGoogle\u0026#8217;s Chrome OS runs on laptop and desktop computers, and has gained traction in the education sector. Android powers 1.4 billion smartphones, tablets, and watches.\u003C\/p\u003E\n\u003Cp\u003EShortly after the \u003Cem\u003EJournal\u2019s\u003C\/em\u003E story appeared, Google\u0026#8217;s newly appointed senior vice president for Android and Chrome, Hiroshi Lockheimer, took to \u003Ca href=\u0022https:\/\/twitter.com\/lockheimer\/status\/659939015429255168\u0022\u003ETwitter\u003C\/a\u003E to refute the Journal\u2019s report, stating, \u201cWe are very committed to Chrome OS.\u201d\u003C\/p\u003E\n\u003Cp\u003EA Google spokesperson has since confirmed to \u003Cem\u003EFortune\u003C\/em\u003E that the company intends to keep Chrome OS around for the foreseeable future, and is still pursuing Chromebook partnerships, specifically in education.\u003C\/p\u003E\n\u003Cp\u003EDespite assurances (likely aimed to calm the fears among current and potential partners), doing away with Chrome OS in favor of Android isn\u2019t such a bad idea because of how successful Android has become.\u003C\/p\u003E\n\u003Cp\u003EIf anything, it\u2019s a move that\u2019s been foreshadowed for the past two years. First with Google adding the ability to run Android apps on Chrome OS, and second with Chrome OS adopting a more touch-friendly interface in 2-in\u20131 Chromebooks that can be transformed into something akin to a tablet.\u003C\/p\u003E\n\u003Cp\u003EIn fact, I noted the similarities in my review of the \u003Ca href=\u0022http:\/\/fortune.com\/2015\/07\/17\/review-asus-chromebook-flip\/\u0022\u003EASUS Chromebook Flip\u003C\/a\u003E back in July saying, \u201dI can\u2019t help but wonder when the company will offer users a Chrome OS tablet.\u201d\u003C\/p\u003E\n\u003Cp\u003EThe two platforms would benefit from borrowing features from one another, such as bringing Chrome OS\u0026#8217;s multitasking-experience to Android, and adding the Play Store (with its \u003Ca href=\u0022http:\/\/www.appbrain.com\/stats\/number-of-android-apps\u0022\u003E1.75 million Android apps\u003C\/a\u003E) to Chrome OS. Furthermore, Android would benefit from Chrome OS\u0026#8217;s security features, which would shore up an area in which the mobile platform has long struggled.\u003C\/p\u003E\n\u003Cp\u003ECombining two operating systems, one designed for a larger screen and the other for mobile devices, isn\u2019t unheard of. Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E merged its desktop and mobile platforms with Windows 10 in an effort to streamline the user experience across all Windows devices. Microsoft also provided developers with tools to create universal apps, which will run on any Windows 10 device \u2014 be it a computer or a smartphone.\u003C\/p\u003E\n\u003Cp\u003EOn the other hand, Apple has stated it has no plans to merge iOS and OS X into one platform.\u003C\/p\u003E\n\u003Cp\u003EGoogle\u0026#8217;s quick response to the \u003Cem\u003EJournal\u003C\/em\u003E report can be taken one of two ways: Google truly is committed to Chrome OS far beyond 2017, and perhaps is only investigating the logistics of a hybrid OS. 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But would combining them really be a bad thing? \u003C\/p\u003E\n","authors":[{"id":"273091","url":"http:\/\/fortune.com\/author\/jason-cipriani\/","name":"Jason Cipriani","twitter":"MrCippy","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jason-cipriani-900px-sq2.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022jason-cipriani-900px-sq2\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jason-cipriani-900px-sq2.png?w=150",150,150,true],"bio":"Jason Cipriani has been contributing to \u003Cem\u003EFortune\u003C\/em\u003E since 2014. He currently writes \u0022Logged In,\u0022 a weekly personal technology column.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22084,"object_id":1399342,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":641922,"name":"Android","slug":"android","term_group":0,"term_taxonomy_id":47981,"taxonomy":"post_tag","description":"","parent":0,"count":147,"object_id":1399342,"filter":"raw"},{"term_id":14813622,"name":"Android devices","slug":"android-devices","term_group":0,"term_taxonomy_id":153841,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1399342,"filter":"raw"},{"term_id":22536748,"name":"Chrome OS","slug":"chrome-os","term_group":0,"term_taxonomy_id":110935,"taxonomy":"post_tag","description":"","parent":0,"count":5,"object_id":1399342,"filter":"raw"},{"term_id":5838766,"name":"Chromebooks","slug":"chromebooks","term_group":0,"term_taxonomy_id":153840,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1399342,"filter":"raw"},{"term_id":1169,"name":"Computers","slug":"computers","term_group":0,"term_taxonomy_id":112810,"taxonomy":"post_tag","description":"","parent":0,"count":20,"object_id":1399342,"filter":"raw"},{"term_id":81,"name":"Google","slug":"google","term_group":0,"term_taxonomy_id":46827,"taxonomy":"post_tag","description":"","parent":0,"count":1045,"object_id":1399342,"filter":"raw"},{"term_id":38616,"name":"smartphones","slug":"smartphones","term_group":0,"term_taxonomy_id":57928,"taxonomy":"post_tag","description":"","parent":0,"count":178,"object_id":1399342,"filter":"raw"},{"term_id":270794,"name":"tablets","slug":"tablets","term_group":0,"term_taxonomy_id":58538,"taxonomy":"post_tag","description":"","parent":0,"count":41,"object_id":1399342,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Google","slug":"google","url":"http:\/\/fortune.com\/tag\/google\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The two platforms drive different devices. But would combining them really be a bad thing?","seo":{"seo_title":"Google insists it isn\u0027t killing Chrome OS","seo_description":"A recent report claimed Google plans to merge Android and Chrome OS into one platform.","seo_keywords":"Google, Chrome, Chrome OS, Chromebook, Android, Android smartphones, watches, smartwatches, tablets, Chrome merge Android,","seo_news_keywords":"Google, Chrome, Chrome OS, Chromebook, Android, Android smartphones, watches, smartwatches, tablets, Chrome merge Android, Chrome OS merged into Android","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fgoogle-chrome-os-android-merger%2F","shortlink":"http:\/\/for.tn\/1kZdU4o","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1kZdU4o","encoded_title":"Google+merging+Chrome+OS+and+Android%3F+Not+so+fast","twitter_text":"Google merging Chrome OS and Android? 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Chrome, on the other hand, was developed in-house for Google\u0026#8217;s lightweight laptops, called Chromebooks, and is mostly focused on browser-based applications.\u003C\/p\u003E\n\u003Cp\u003EChromebooks account for only 3% of the personal computer market, according to research firm IDG.\u003C\/p\u003E\n\u003Cp\u003ECombining the two operating systems will mean that the new version of Android will also run on personal computers, giving users access to the Google Play app store, according to the report. This is likely to appeal to independent developers whose apps could be used on personal computers in addition to mobile devices.\u003C\/p\u003E\n\u003Cp\u003EThe change will mean a new name for Chromebooks, though the company\u0026#8217;s web browser will retain the Chrome name, according to the \u003Cem\u003EJournal\u003C\/em\u003E\u0026#8216;s sources.\u003C\/p\u003E\n\u003Cp\u003EThis follows in the footsteps of Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which has created version of its Windows 10 operating system for both computers and its mobile devices. Apple \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AAPL\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/aapl\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAAPL\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, on the other hand, has maintained two separate systems, one for mobile devices and one for its computers.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022\u003ESubscribe to Data Sheet\u003C\/a\u003E, Fortune\u2019s daily newsletter on the business of technology.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EFor more about Google, watch this Fortune video:\u003C\/em\u003E\u003C\/p\u003E\n\u003Cdiv 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value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dfutureofwork%2Cgoogleglass%2Cgoogleglassrevamp%2Cgoogleglassrevampontheway%2Cgoogleprojectaura%2Cgooglewearabledevices%2Cgooglewearables%2Cprojectaurafromgoogle%2Ctechnews%26ch%3Dtech%26topic%3Dfutureofwork\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 06:48:40","updated":"2015-10-29 06:48:40","minute":"6:48 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/google-android-chrome\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Google has a big change in store for Chrome ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/08\/gettyimages-482411460.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Bloomberg via Getty Images","caption":"Google\u0026#039;s Android mobile OS.","attach_id":"1251769"},"excerpt":"\u003Cp\u003EThe tech giant is reportedly working on making Android its operating system for PCs in addition to mobile devices. \u003C\/p\u003E\n","authors":[{"id":"1024641","url":"http:\/\/fortune.com\/author\/kia-kokalitcheva\/","name":"Kia Kokalitcheva","twitter":"imkialikethecar","gplus":"","email":"kia.kokalitcheva@fortune.com","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022kia kokalitcheva (318) square crop\u0022 \/\u003E","thumbnail_alt":"kia kokalitcheva (318) square crop","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026w=150",150,150,true],"bio":"Kia Kokalitcheva is a reporter at \u003Cem\u003EFortune\u003C\/em\u003E. She covers technology and Silicon Valley with a focus on the \u0022on-demand economy.\u0022 She is based in San Francisco.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22074,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data 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System","slug":"operating-system","term_group":0,"term_taxonomy_id":116838,"taxonomy":"post_tag","description":"","parent":0,"count":18,"filter":"raw"},{"term_id":10652116,"name":"Sundar Pichai","slug":"sundar-pichai","term_group":0,"term_taxonomy_id":112253,"taxonomy":"post_tag","description":"","parent":0,"count":9,"filter":"raw"},{"term_id":151,"name":"web","slug":"web","term_group":0,"term_taxonomy_id":120073,"taxonomy":"post_tag","description":"","parent":0,"count":6,"filter":"raw"},{"term_id":1986749,"name":"Windows 10","slug":"windows-10","term_group":0,"term_taxonomy_id":116837,"taxonomy":"post_tag","description":"","parent":0,"count":51,"filter":"raw"},{"term_id":1011452,"name":"X 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Not so fast","content":"\u003Cp\u003EOn Thursday, the \u003Ca href=\u0022http:\/\/www.wsj.com\/article_email\/alphabets-google-to-fold-chrome-operating-system-into-android-1446151134-lMyQjAxMTA1NzIxOTAyMzk4Wj\u0022\u003E\u003Cem\u003EThe Wall Street Journal\u003C\/em\u003E\u003C\/a\u003E published a report claiming that Google \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022GOOG\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/goog\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EGOOG\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is in the process of merging its two operating systems: Chrome OS and Android.\u003C\/p\u003E\n\u003Cp\u003EAccording to the \u003Cem\u003EJournal\u2019s\u003C\/em\u003E sources, Chrome OS would cease to exist after being folded into Android sometime in 2017. Combining the two operating systems has been in the works for nearly two years, the report said.\u003C\/p\u003E\n\u003Cp\u003EGoogle\u0026#8217;s Chrome OS runs on laptop and desktop computers, and has gained traction in the education sector. Android powers 1.4 billion smartphones, tablets, and watches.\u003C\/p\u003E\n\u003Cp\u003EShortly after the \u003Cem\u003EJournal\u2019s\u003C\/em\u003E story appeared, Google\u0026#8217;s newly appointed senior vice president for Android and Chrome, Hiroshi Lockheimer, took to \u003Ca href=\u0022https:\/\/twitter.com\/lockheimer\/status\/659939015429255168\u0022\u003ETwitter\u003C\/a\u003E to refute the Journal\u2019s report, stating, \u201cWe are very committed to Chrome OS.\u201d\u003C\/p\u003E\n\u003Cp\u003EA Google spokesperson has since confirmed to \u003Cem\u003EFortune\u003C\/em\u003E that the company intends to keep Chrome OS around for the foreseeable future, and is still pursuing Chromebook partnerships, specifically in education.\u003C\/p\u003E\n\u003Cp\u003EDespite assurances (likely aimed to calm the fears among current and potential partners), doing away with Chrome OS in favor of Android isn\u2019t such a bad idea because of how successful Android has become.\u003C\/p\u003E\n\u003Cp\u003EIf anything, it\u2019s a move that\u2019s been foreshadowed for the past two years. First with Google adding the ability to run Android apps on Chrome OS, and second with Chrome OS adopting a more touch-friendly interface in 2-in\u20131 Chromebooks that can be transformed into something akin to a tablet.\u003C\/p\u003E\n\u003Cp\u003EIn fact, I noted the similarities in my review of the \u003Ca href=\u0022http:\/\/fortune.com\/2015\/07\/17\/review-asus-chromebook-flip\/\u0022\u003EASUS Chromebook Flip\u003C\/a\u003E back in July saying, \u201dI can\u2019t help but wonder when the company will offer users a Chrome OS tablet.\u201d\u003C\/p\u003E\n\u003Cp\u003EThe two platforms would benefit from borrowing features from one another, such as bringing Chrome OS\u0026#8217;s multitasking-experience to Android, and adding the Play Store (with its \u003Ca href=\u0022http:\/\/www.appbrain.com\/stats\/number-of-android-apps\u0022\u003E1.75 million Android apps\u003C\/a\u003E) to Chrome OS. Furthermore, Android would benefit from Chrome OS\u0026#8217;s security features, which would shore up an area in which the mobile platform has long struggled.\u003C\/p\u003E\n\u003Cp\u003ECombining two operating systems, one designed for a larger screen and the other for mobile devices, isn\u2019t unheard of. Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E merged its desktop and mobile platforms with Windows 10 in an effort to streamline the user experience across all Windows devices. Microsoft also provided developers with tools to create universal apps, which will run on any Windows 10 device \u2014 be it a computer or a smartphone.\u003C\/p\u003E\n\u003Cp\u003EOn the other hand, Apple has stated it has no plans to merge iOS and OS X into one platform.\u003C\/p\u003E\n\u003Cp\u003EGoogle\u0026#8217;s quick response to the \u003Cem\u003EJournal\u003C\/em\u003E report can be taken one of two ways: Google truly is committed to Chrome OS far beyond 2017, and perhaps is only investigating the logistics of a hybrid OS. Or the company does plan to fold Chrome OS into Android, but it doesn\u0026#8217;t want the platform to lose momentum in the interim.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EFor more about Google Chrome, watch this Fortune video:\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00225\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4278377541001-5\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224278377541001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1kZdU4o\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dadobeflash%2Cadvertisers%2Cautoplayflash%2Cbusinessnews%2Cgoogle%2Cgooglechrome%2Cgooglechrometostopautoplayflash%2Cgooglechrometostopflash%2Cgooglenews%2Chtml5%2Conlineadvertising%26ch%3Dtech%26topic%3Dgoogle\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 05:04:20","updated":"2015-10-30 05:04:20","minute":"5:04 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Google merging Chrome OS and Android? Not so fast","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/05\/chromebook.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Chris Ratcliffe \u2014 Bloomberg via Getty Images","caption":"Hands on with a Samsung Electronics Co. Chromebook laptop.","attach_id":"1131580"},"excerpt":"\u003Cp\u003EThe two platforms drive different devices. But would combining them really be a bad thing? \u003C\/p\u003E\n","authors":[{"id":"273091","url":"http:\/\/fortune.com\/author\/jason-cipriani\/","name":"Jason Cipriani","twitter":"MrCippy","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jason-cipriani-900px-sq2.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022jason-cipriani-900px-sq2\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/jason-cipriani-900px-sq2.png?w=150",150,150,true],"bio":"Jason Cipriani has been contributing to \u003Cem\u003EFortune\u003C\/em\u003E since 2014. He currently writes \u0022Logged In,\u0022 a weekly personal technology column.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22084,"object_id":1399342,"filter":"raw"}],"section":{"name":"Tech","slug":"tech","url":"http:\/\/fortune.com\/tech\/","newsletter_info":"Data Sheet"},"tags":[{"term_id":641922,"name":"Android","slug":"android","term_group":0,"term_taxonomy_id":47981,"taxonomy":"post_tag","description":"","parent":0,"count":147,"object_id":1399342,"filter":"raw"},{"term_id":14813622,"name":"Android devices","slug":"android-devices","term_group":0,"term_taxonomy_id":153841,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1399342,"filter":"raw"},{"term_id":22536748,"name":"Chrome OS","slug":"chrome-os","term_group":0,"term_taxonomy_id":110935,"taxonomy":"post_tag","description":"","parent":0,"count":5,"object_id":1399342,"filter":"raw"},{"term_id":5838766,"name":"Chromebooks","slug":"chromebooks","term_group":0,"term_taxonomy_id":153840,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1399342,"filter":"raw"},{"term_id":1169,"name":"Computers","slug":"computers","term_group":0,"term_taxonomy_id":112810,"taxonomy":"post_tag","description":"","parent":0,"count":20,"object_id":1399342,"filter":"raw"},{"term_id":81,"name":"Google","slug":"google","term_group":0,"term_taxonomy_id":46827,"taxonomy":"post_tag","description":"","parent":0,"count":1045,"object_id":1399342,"filter":"raw"},{"term_id":38616,"name":"smartphones","slug":"smartphones","term_group":0,"term_taxonomy_id":57928,"taxonomy":"post_tag","description":"","parent":0,"count":178,"object_id":1399342,"filter":"raw"},{"term_id":270794,"name":"tablets","slug":"tablets","term_group":0,"term_taxonomy_id":58538,"taxonomy":"post_tag","description":"","parent":0,"count":41,"object_id":1399342,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Google","slug":"google","url":"http:\/\/fortune.com\/tag\/google\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The two platforms drive different devices. But would combining them really be a bad thing?","seo":{"seo_title":"Google insists it isn\u0027t killing Chrome OS","seo_description":"A recent report claimed Google plans to merge Android and Chrome OS into one platform.","seo_keywords":"Google, Chrome, Chrome OS, Chromebook, Android, Android smartphones, watches, smartwatches, tablets, Chrome merge Android,","seo_news_keywords":"Google, Chrome, Chrome OS, Chromebook, Android, Android smartphones, watches, smartwatches, tablets, Chrome merge Android, Chrome OS merged into Android","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/google-chrome-os-android-merger\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fgoogle-chrome-os-android-merger%2F","shortlink":"http:\/\/for.tn\/1kZdU4o","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1kZdU4o","encoded_title":"Google+merging+Chrome+OS+and+Android%3F+Not+so+fast","twitter_text":"Google merging Chrome OS and Android? 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Chrome, on the other hand, was developed in-house for Google\u0026#8217;s lightweight laptops, called Chromebooks, and is mostly focused on browser-based applications.\u003C\/p\u003E\n\u003Cp\u003EChromebooks account for only 3% of the personal computer market, according to research firm IDG.\u003C\/p\u003E\n\u003Cp\u003ECombining the two operating systems will mean that the new version of Android will also run on personal computers, giving users access to the Google Play app store, according to the report. This is likely to appeal to independent developers whose apps could be used on personal computers in addition to mobile devices.\u003C\/p\u003E\n\u003Cp\u003EThe change will mean a new name for Chromebooks, though the company\u0026#8217;s web browser will retain the Chrome name, according to the \u003Cem\u003EJournal\u003C\/em\u003E\u0026#8216;s sources.\u003C\/p\u003E\n\u003Cp\u003EThis follows in the footsteps of Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, which has created version of its Windows 10 operating system for both computers and its mobile devices. Apple \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AAPL\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/aapl\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAAPL\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E, on the other hand, has maintained two separate systems, one for mobile devices and one for its computers.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/getdatasheet\/\u0022\u003ESubscribe to Data Sheet\u003C\/a\u003E, Fortune\u2019s daily newsletter on the business of technology.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003EFor more about Google, watch this Fortune video:\u003C\/em\u003E\u003C\/p\u003E\n\u003Cdiv 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\u003C\/p\u003E\n","authors":[{"id":"1024641","url":"http:\/\/fortune.com\/author\/kia-kokalitcheva\/","name":"Kia Kokalitcheva","twitter":"imkialikethecar","gplus":"","email":"kia.kokalitcheva@fortune.com","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022kia kokalitcheva (318) square crop\u0022 \/\u003E","thumbnail_alt":"kia kokalitcheva (318) square crop","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/03\/kia-kokalitcheva-318-sq.jpg?quality=80\u0026w=150",150,150,true],"bio":"Kia Kokalitcheva is a reporter at \u003Cem\u003EFortune\u003C\/em\u003E. 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Google\u2019s making that bit easier with the latest update to its Photos app on Android, the company announced in a \u003Ca href=\u0022http:\/\/www.engadget.com\/2015\/10\/29\/google-photos-will-hide-pics-of-your-ex-on-android\/\u0022\u003EGoogle+ post\u003C\/a\u003E. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EUsers will be able to block specific people from appearing in the app\u2019s \u201cRediscover this day\u201d feature, which (ideally) surfaces heartwarming photos from past years. Facebook has a similar feature called \u201cOn This Day\u201d and also offers \u003C\/span\u003E\u003Ca href=\u0022https:\/\/uk.news.yahoo.com\/facebook-prevent-awkward-run-ins-ex-163224013.html#OTv7Ll3\u0022\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003Etools\u003C\/span\u003E\u003C\/a\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E to jettison ghosts of relationships past from your News Feed.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EGoogle\u2019s Photos update also expands the face grouping feature, which lets you search for a person and see all your photos of them, to several new countries. 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Today\u2019s answer to the question \u201cWhat are some common mistakes young entrepreneurs make?\u201d is written by \u003Ci\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EJoy Randels, CEO of \u003C\/span\u003E\u003C\/i\u003E\u003Ci\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003ENew Market Partners\u003C\/span\u003E\u003C\/i\u003E\u003Ci\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E.\u003C\/span\u003E\u003C\/i\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003ELaunching a new venture is exhilarating. It\u2019s easy to get caught up in the moment and overlook key elements required for success. Everyone makes mistakes, but when it comes to your startup, even harmless ones could cost you a lot in the long run. Here are some of the most common slipups that you can easily avoid:\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EEquating funding with success\u003C\/strong\u003E\u003Cbr \/\u003E\nOne of the biggest mistakes young founders make is defining success with getting funding. When this happens, they often spend too much time chasing investors instead of customers, but effective bootstrapping is a much-needed survival skill.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ENot understanding the customer\u003C\/strong\u003E\u003Cbr \/\u003E\nWhen you focus on the customer first, you can validate before building. But validation goes beyond product features \u2014 it\u2019s about how and why customers buy, and specifically what they are willing to pay for. It\u2019s this knowledge that allows you to create realistic projections and prove your company is worthy of investment.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EBeing \u201c\u003C\/strong\u003E\u003Cstrong\u003Ep\u003C\/strong\u003E\u003Cstrong\u003Eitch \u003C\/strong\u003E\u003Cstrong\u003Ep\u003C\/strong\u003E\u003Cstrong\u003Eerfect\u201d\u003C\/strong\u003E\u003Cbr \/\u003E\nThe real world of startups isn\u2019t like Shark Tank. While being able to pitch your product is important, winning pitch contests has little merit. All too often startups focus on winning contests, but have little substance behind the pitch.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EDrinking their own \u003C\/strong\u003E\u003Cstrong\u003Ejuice \u003C\/strong\u003E\u003Cbr \/\u003E\nFake traction isn\u2019t traction \u2014 it\u2019s an illusion, and you can\u2019t believe all the stories you tell. If you\u2019re not brutally honest with yourself, you can\u2019t make informed decisions necessary to improve your company. A dose of healthy skepticism keeps your head in the game. Statements like, \u201cAll of our users love us\u201d when you only have three customers make for an uncomfortable conversation when investors dig deeper.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/30\/entrepreneurs-mistakes-decision-making-business\/\u0022 target=\u0022_blank\u0022\u003EHow slow decision-making can ruin your business\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EA\u003C\/strong\u003E\u003Cstrong\u003Evoid\u003C\/strong\u003E\u003Cstrong\u003Eing\u003C\/strong\u003E\u003Cstrong\u003E paying lawyers\u003C\/strong\u003E\u003Cbr \/\u003E\nYou need them, and while it seems expensive today, your future self will thank you. When starting out, everyone is happy, but when times get tough, it\u2019s hard to get consensus. You\u2019re building a company that may raise capital and could eventually be acquired. You need the right agreements to protect you, your cofounders and your intellectual property. It\u2019s the classic case of pay now or pay later.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ELaunching too early\u003C\/strong\u003E\u003Cbr \/\u003E\nDon\u2019t confuse a minimal viable product \u2014 or MVP \u2014 with a proof-of-concept and launch it. Build something that someone would pay for. It doesn\u2019t have to be perfect, but it should look polished and professional.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ENot knowing the math\u003C\/strong\u003E\u003Cbr \/\u003E\nRevenue and cash flow are paramount. Investors require you know your customer acquisition cost (CAC), lifetime value (LTV) and burn rate, as these metrics are \u003Cdel\u003E\u003C\/del\u003Ekey for building your business. Cash flow is king for startups and knowing your math keeps you focused.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EBeing too secretive\u003C\/strong\u003E\u003Cbr \/\u003E\nOkay, so you\u2019re scared someone will steal your idea. Don\u2019t be. It\u2019s a rookie mistake. You can\u2019t find product-market fit unless you talk about your plan. You need to talk a lot and to a lot of people.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EIgnoring criticism\u003C\/strong\u003E\u003Cbr \/\u003E\nBe passionate, but don\u2019t let passion blind you. If you\u2019re getting strong pushback, stop and listen, then ask questions to understand the \u201cwhy\u201d behind the criticism. Are you targeting the wrong market or person, or is it just a bad idea? Learn from criticism and adjust to find the right fit. Once you do, there won\u2019t be any doubt.\u003C\/p\u003E\n\u003Cp\u003EBottom line, don\u2019t half-ass it. Building a business is hard and you have to put in the work. Your business should be a part of you, and therefore worthy of your best effort. If you\u2019ve got it right, you should be excited and terrified at the same time, but that\u2019s what will drive you. And while lessons learned along the way will be specific to you, it helps to think ahead and gain some knowledge from those who have traveled the road before you.\u003C\/p\u003E\n\u003Cp\u003E\u003Ci\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003EJoy Randels is CEO of \u003C\/span\u003E\u003C\/i\u003E\u003Ca href=\u0022http:\/\/www.newmarketpartners.com\/\u0022 target=\u0022_blank\u0022\u003E\u003Ci\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003ENew Market Partners\u003C\/span\u003E\u003C\/i\u003E\u003C\/a\u003E\u003Ci\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003E. An entrepreneur, author, and investor, Joy has seen the tech world from all angles in going from bootstrapped founder to $4B revenues across 13 startups, 9 acquisitions, 2 epic failures, and an IPO. 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value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/retail_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Ddaymondjohn%2Cfortunelive%2Cfubu%2Csharktank%26ch%3Dretail%26topic%3Dfortunelive\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ERead all responses to the Entrepreneur Insider question: What are some common mistakes young entrepreneurs make?\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/\u0022 target=\u0022_blank\u0022\u003EThis is why so many startups end up in financial trouble\u003C\/a\u003E \u003C\/em\u003Eby David Smith, founder of Vexti.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/\u0022 target=\u0022_blank\u0022\u003EThis is where most startups go wrong\u003C\/a\u003E \u003C\/em\u003Eby Stephen Lake, CEO of Thalmic Labs.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/entrepreneurs-startup-mistakes\/\u0022 target=\u0022_blank\u0022\u003EDoing these 3 things will destroy your startup\u003C\/a\u003E\u003C\/em\u003E by Michael Gasiorek, editor-in-chief of Startup Grind.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/20\/entrepreneur-success-tips-mistake\/\u0022 target=\u0022_blank\u0022\u003EThe avoidable mistake every entrepreneur makes\u003C\/a\u003E \u003C\/em\u003Eby Andrew Filev, founder and CEO of Wrike.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 02:25:39","updated":"2015-11-02 02:25:39","minute":"2:25 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneurs-mistakes-startups-shark-tank\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneurs-mistakes-startups-shark-tank\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneurs-mistakes-startups-shark-tank\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The Startup World is Nothing Like Shark Tank","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/02\/136220_0280_ful.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Adam Rose \u2014 ABC","caption":"A couple from Portland, OR offer the Sharks an investment opportunity in their line of customized sandals.\n","attach_id":"999931"},"excerpt":"\u003Cp\u003EIt\u0026#8217;s not all about winning contests.\u003C\/p\u003E\n","authors":[{"id":"1403504","url":"http:\/\/fortune.com\/author\/joy-randels\/","name":"Joy Randels","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":291878719,"name":"Fortune 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make.","facebook_title":"Why the Startup World is Nothing Like Shark Tank"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23904,"filter":"raw"},"related_posts":[{"id":1398166,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/entrepreneurs-mistakes-decision-making-business\/","title":"How slow decision-making can ruin your business","content":"\u003Cp\u003E\u003Ci\u003EThe Entrepreneur Insider netwo\u003C\/i\u003E\u003Cem\u003Erk is an online community where the most thoughtful and influential people in America\u2019s startup scene contribute answers to timely questions about entrepreneurship and careers. Today\u2019s answer to the question \u201cWhat are some common mistakes young entrepreneurs make?\u201d is written by Karl Martin, founder and CTO of Nymi.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EWhen founding a new business, you have to accept that you might drop the ball sometimes. It\u2019s not about perfection, but rather about setting priorities and disciplining yourself to keep them. Do well at the things that will move the business forward, and for everything else, just don\u2019t make any fatal mistakes.\u003C\/p\u003E\n\u003Cp\u003EHowever, this leads to a more macro-level challenge. As an entrepreneur, you\u2019re defining your business from the ground up. What business paths should you explore, and which are not worth your time? This has been a core challenge for me from the beginning. While my team and I have broadly applicable technology, we have to accept that we can\u2019t do everything. Having limited resources is the common variable that binds all startups.\u003C\/p\u003E\n\u003Cp\u003EThe biggest mistake that I see many young entrepreneurs make is not clearly defining which opportunities they will target. This can be framed as a sort of Schr\u00f6dinger\u0026#8217;s cat experiment for startups. In the classic thought experiment, physicist Erwin Schr\u00f6dinger supposed that a cat could be simultaneously alive and dead if its fate was dependent on the unobserved state of a quantum system. As entrepreneurs, our number one driver is always achieving success for our ventures and keeping them alive. But a company\u2019s fate is dependent on an unknown: Which of the multitude of opportunities is the winning path? The decision is usually made with very limited information, leading to a highly uncertain outcome.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/\u0022 target=\u0022_blank\u0022\u003EThis is why so many startups end up in financial trouble\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EThe natural psychological response to this dilemma that many inexperienced entrepreneurs have is to simply not make a definitive choice \u2014 to run multiple options at the same time. But believing the cat is still alive somewhere in the flurry of activities is a fallacy. With limited resources, you risk running out of capital before achieving important proof points to keep the business alive.\u003C\/p\u003E\n\u003Cp\u003EThe answer to this conundrum feels unnatural, but it involves making decisions quickly and resolutely with limited information. What\u2019s often not obvious is that if you move fast, you have greater opportunity to recover from mistakes and try another option should the first choice not pan out (also known as the classic startup \u201cpivot\u201d).\u003C\/p\u003E\n\u003Cp\u003EIn the case of Nymi, we had originally positioned our wearable authentication product, the Nymi Band, as a consumer device. We pushed early with a pre-order campaign and got lots of invaluable market feedback. Before we even fully launched the product, the data showed us that the interest in our product was too broad across consumer applications and would be very hard to execute effectively. We decided to pivot and focus on enterprise use cases that allowed us to create a user experience centered around truly burning problems in the market.\u003C\/p\u003E\n\u003Cp\u003EMany aspects of being an entrepreneur feel psychologically unnatural. Going fast and hard down a path with high uncertainty goes against our natural tendencies to mitigate risk. But avoiding failure simply leads to a slow death as your resources dry up. By making fast decisions and failing early, you realize that your cat may actually have a few lives to give.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002242\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4422538924001-42\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 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value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/mpw_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbeauty%2Ccosmetics%2Cfutureofwork%2Cipsy%2Cipsycom%2Clifestyle%2Cmakeup%2Cmichellephan%2Cyoutube%26ch%3Dmpw%26topic%3Dfutureofwork\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ERead all responses to the Entrepreneur Insider question: What are some common mistakes young entrepreneurs make?\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/\u0022 target=\u0022_blank\u0022\u003EThis is where most startups go wrong\u003C\/a\u003E \u003C\/em\u003Eby Stephen Lake, CEO of Thalmic Labs.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/entrepreneurs-startup-mistakes\/\u0022 target=\u0022_blank\u0022\u003EDoing these 3 things will destroy your startup\u003C\/a\u003E\u003C\/em\u003E by Michael Gasiorek, editor-in-chief of Startup Grind.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/20\/entrepreneur-success-tips-mistake\/\u0022 target=\u0022_blank\u0022\u003EThe avoidable mistake every entrepreneur makes\u003C\/a\u003E \u003C\/em\u003Eby Andrew Filev, founder and CEO of Wrike.\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 11:30:30","updated":"2015-10-30 11:30:30","minute":"11:30 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/entrepreneurs-mistakes-decision-making-business\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/entrepreneurs-mistakes-decision-making-business\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/entrepreneurs-mistakes-decision-making-business\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"How slow decision-making can ruin your business","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/karl_martin.jpg?quality=80\u0026w=405","class":"featured-img-article_portrait","credit":"Photograph by Stephen Oung","caption":"Karl Martin, founder and CTO of Nymi","attach_id":"1398437"},"excerpt":"\u003Cp\u003EIt might feel natural to slowly think things through, but it\u0026#8217;s better to fail early on.\u003C\/p\u003E\n","authors":[{"id":"1398424","url":"http:\/\/fortune.com\/author\/karl-martin\/","name":"Karl Martin","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":12586,"name":"Entrepreneur","slug":"entrepreneur","term_group":0,"term_taxonomy_id":112232,"taxonomy":"post_tag","description":"","parent":0,"count":108,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Entrepreneur","slug":"entrepreneur","url":"http:\/\/fortune.com\/tag\/entrepreneur\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It might feel natural to slowly think things through, but it\u0026#8217;s better to fail early on.","seo":{"seo_title":"How Slow Decision-Making can Ruin your Business","seo_description":"Karl Martin, founder and CTO of Nymi, explains the common mistakes young entrepreneurs make.","seo_keywords":"entrepreneur, entrepreneurs, startup, startups, Nymi, mistakes, Erwin Schr\u00f6dinger, business, risk, decision, decision-making, common 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Business"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23872,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1398166-0","in-article-ad-1398166-1","in-article-ad-1398166-2"]},{"id":1396097,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/","title":"This is why so many startups end up in financial trouble","content":"\u003Cp\u003E\u003Ci\u003EThe Entrepreneur Insider netwo\u003C\/i\u003E\u003Cem\u003Erk is an online community where the most thoughtful and influential people in America\u2019s startup scene contribute answers to timely questions about entrepreneurship and careers. Today\u2019s answer to the question \u201cWhat are some common mistakes young entrepreneurs make?\u201d is written by David Smith, founder of Vexti.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EWhen starting a new business, it can be tempting to discount your own time and lower prices in order to juice sales. I suspect there are a variety of reasons for this \u2014 cash flow pressure, fear of rejection, and wanting to show progress and build a portfolio.\u003C\/p\u003E\n\u003Cp\u003EYoung entrepreneurs, especially \u2014 often without a mortgage, car payments, kids or health expenses \u2014 have an easier time rationalizing below-market rates. They also have less pressure to earn more \u2014 the younger the entrepreneur, the less his or her peer group is making \u2014 than older entrepreneurs, who often feel pressure from existing financial obligations, as well as pressure to be in a similar income bracket as their friends.\u003C\/p\u003E\n\u003Cp\u003EBut lowering pricing is a seductive solution and can cause serious issues:\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EFuture cash-flow problems\u003C\/strong\u003E\u003Cbr \/\u003E\nIf booked revenue is paid before a service is delivered, a young company may end up spending more cash delivering the service than it received.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EA false sense of hope\u003C\/strong\u003E\u003Cbr \/\u003E\nLowered pricing can give entrepreneurs the hope that the business will succeed because sales seem thriving. But only when they try to expand the business, earn a reasonable income or take a vacation do they realize the low sales prices gave them a business model that doesn\u2019t work.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EStressful projects\u003C\/strong\u003E\u003Cbr \/\u003E\nIf projects are underpriced, they can drag on, as entrepreneurs likely become focused on other projects to increase revenue. Or they\u2019ll end up using the low price to justify doing low-quality work. These are all recipes for disaster.\u003C\/p\u003E\n\u003Cp\u003EInstead of lowering prices when sales seem shaky, I recommend young founders find out what others are charging for similar services and price competitively.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/\u0022 target=\u0022_blank\u0022\u003EThis is where most startups go wrong\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003ECompany websites will often list price points, especially bigger companies. If not, ask friends who have had the service done before what they paid for it. Look on LinkedIn for a competitor in a different market and ask them what they charge. I\u2019ve even used that technique to ask for help bidding a project. But keep in mind your business type and specific project. As a small business owner, what I buy and what I spend with a company like Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E or AT\u0026amp;T \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022T\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/t\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ET\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is completely different from what a company like Nike \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022NKE\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/nke\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ENKE\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E buys and spends with those same vendors.\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003ESuccessfully selling a product incurs expenses (labor, product, etc.) and liabilities (delivering what is promised), so don\u2019t feel bad about losing a bid on price. In my experience, selling an offering that is priced too low is worse than not selling anything, and finding out early on that a business model doesn\u2019t work is better than executing a broken one. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003ECharge market rates for your service, and you\u2019ll be starting with a business plan that works \u2014 meaning less stress for you and more opportunity for your company. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Ci\u003EDavid Smith is the founder of \u003C\/i\u003E\u003C\/span\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Ci\u003E\u003Ca href=\u0022http:\/\/www.vexti.co\/\u0022 target=\u0022_blank\u0022\u003EVexti\u003C\/a\u003E, \u003C\/i\u003E\u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Ci\u003Ewhere \u003C\/i\u003E\u003C\/span\u003E\u003Ci style=\u0022line-height:1.5;\u0022\u003Ehe helps business owners solve their website headaches by teaching them how to use platforms designed to meet their needs. David is the director of \u003C\/i\u003E\u003Cspan class=\u0022s3\u0022\u003E\u003Ca href=\u0022https:\/\/www.startupgrind.com\/lansing\/\u0022 target=\u0022_blank\u0022\u003E\u003Ci\u003EStartup Grind Lansing\u003C\/i\u003E\u003C\/a\u003E\u003C\/span\u003E\u003Cspan class=\u0022s4\u0022\u003E\u003Ci\u003E.\u003C\/i\u003E\u003C\/span\u003E\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002243\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4308324716001-43\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224308324716001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1WkVxlU\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dapps%2Cbehance%2Cblueapron%2Cboxgroup%2Cdataminr%2Cdavidtisch%2Cfab%2Cfortunelive%2Charrys%2Cinvestinginstartups%2Cleighgallagher%2Cspring%2Cvine%2Cwarbyparker%26ch%3Dtech%26topic%3Dfortunelive\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ERead all responses to the Entrepreneur Insider question: What are some common mistakes young entrepreneurs make?\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/entrepreneurs-startup-mistakes\/\u0022 target=\u0022_blank\u0022\u003EDoing these 3 things will destroy your startup\u003C\/a\u003E\u003C\/em\u003E by Michael Gasiorek, editor-in-chief of Startup Grind.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/20\/entrepreneur-success-tips-mistake\/\u0022 target=\u0022_blank\u0022\u003EThe avoidable mistake every entrepreneur makes\u003C\/a\u003E \u003C\/em\u003Eby Andrew Filev, founder and CEO of Wrike.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 01:51:22","updated":"2015-10-29 01:51:22","minute":"1:51 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"This is why so many startups end up in financial trouble","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/headshot-nologo.png?w=407","class":"featured-img-article_portrait","credit":"Courtesy of Vexti","caption":"","attach_id":"1396685"},"excerpt":"\u003Cp\u003EEspecially those run by entrepreneurs who are first starting out\u003C\/p\u003E\n","authors":[{"id":"1396678","url":"http:\/\/fortune.com\/author\/david-smith\/","name":"David Smith","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"object_id":1396097,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":12586,"name":"Entrepreneur","slug":"entrepreneur","term_group":0,"term_taxonomy_id":112232,"taxonomy":"post_tag","description":"","parent":0,"count":108,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Entrepreneur","slug":"entrepreneur","url":"http:\/\/fortune.com\/tag\/entrepreneur\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Especially those run by entrepreneurs who are first starting out","seo":{"seo_title":"Founder of Vexti: Mistakes Entrepreneurs Make","seo_description":"David Smith, founder of Vexti, gives tips for entrepreneurial success.","seo_keywords":"entrepreneur, entrepreneurs, startup, startups, financial trouble, Vexti, market rates, success, entrepreneurial success, mistakes, entrepreneurial success","seo_news_keywords":"entrepreneur, entrepreneurs, startup, startups, financial trouble, Vexti, market rates, success, entrepreneurial success, mistakes, entrepreneurial success","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F29%2Fentrepreneurs-startups-financial-trouble%2F","shortlink":"http:\/\/for.tn\/1WkVxlU","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1WkVxlU","encoded_title":"This+is+why+so+many+startups+end+up+in+financial+trouble","twitter_text":"This is why so many startups end up in financial trouble","twitter_via":"FORTUNE","facebook_desc":"David Smith, founder of Vexti, gives tips for entrepreneurial success.","facebook_title":"Founder of Vexti: Mistakes Entrepreneurs Make"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23878,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396097-0","in-article-ad-1396097-1","in-article-ad-1396097-2"]},{"id":1389326,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/","title":"This is where most startups go wrong","content":"\u003Cp\u003E\u003Ci\u003EThe Entrepreneur Insider netwo\u003C\/i\u003E\u003Cem\u003Erk is an online community where the most thoughtful and influential people in America\u2019s startup scene contribute answers to timely questions about entrepreneurship and careers. Today\u2019s answer to the question \u201cWhat are some common mistakes young entrepreneurs make?\u201d is written by Stephen Lake, CEO of Thalmic Labs.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EDuring a past venture, one of the biggest lessons I learned was to get the right team in place before trying to go anywhere. Author Jim Collins hit the nail on the head when he wrote, \u0026#8220;Start by getting the right people on the bus, the wrong people off the bus, and the right people in the right seats.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EWhen you\u2019re starting a company, you want to work with people you get along with, people you like, and people who are smart. My cofounders were my classmates in the University of Waterloo\u2019s mechatronics engineering program, and we were close friends for years before starting Thalmic. Working and living together gave us a ton of experience collaborating on projects, which allowed us to learn each others\u2019 strengths and weaknesses.\u003C\/p\u003E\n\u003Cp\u003EWhen starting a business with friends, you definitely need to know that you can separate personal life and business life, and get along with them in both respects. If you don\u2019t mesh well on smaller projects, chances are you aren\u2019t going to be able to run a company together.\u003C\/p\u003E\n\u003Cp\u003EStarting a business is hard, and it\u2019s very much a roller coaster, so it\u2019s important you and your team share the same core values. There will be good days and bad days, and when you trust and respect each other enough to drop the gloves and debate strategy until your voices are hoarse in the boardroom, you can walk out as friends and grab a drink after. Look for people with whom you\u2019ve successfully battled adversity, met impossible deadlines, or overcome what you thought would be insurmountable challenges. It\u2019s easy to work well with people when the times are easy, but what\u2019s really important is finding people you know you\u2019ll get along with when the times get hard.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002244\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4308324716001-44\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224308324716001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1PQmYUT\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dapps%2Cbehance%2Cblueapron%2Cboxgroup%2Cdataminr%2Cdavidtisch%2Cfab%2Cfortunelive%2Charrys%2Cinvestinginstartups%2Cleighgallagher%2Cspring%2Cvine%2Cwarbyparker%26ch%3Dtech%26topic%3Dfortunelive\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EYour motivation for starting a company needs to be clear. My advice to new entrepreneurs is always this: Go out and tackle a challenge that you\u0026#8217;re especially passionate about, and\/or one you have some competitive advantage in solving. When the days and nights get long and things get tough, you\u0026#8217;ll need this passion to pull you through. Building a company in an area that solely seems \u0026#8220;hot\u0026#8221; or financially attractive \u2014 but one in which you have no specific experience or interest \u2014 is often a losing endeavor.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ERead all responses to the Entrepreneur Insider question: What are some common mistakes young entrepreneurs make?\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/entrepreneurs-startup-mistakes\/\u0022 target=\u0022_blank\u0022\u003EDoing these 3 things will destroy your startup\u003C\/a\u003E\u003C\/em\u003E by Michael Gasiorek, editor-in-chief of Startup Grind.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/20\/entrepreneur-success-tips-mistake\/\u0022 target=\u0022_blank\u0022\u003EThe avoidable mistake every entrepreneur makes\u003C\/a\u003E \u003C\/em\u003Eby Andrew Filev, founder and CEO of Wrike.\u003C\/p\u003E\n","time":{"pretty":"October 27, 2015","published":"2015-10-27 11:19:58","updated":"2015-10-27 11:19:58","minute":"11:19 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"This is where most startups go wrong ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/stephen-waist-up-headshot.jpg?quality=80\u0026w=407","class":"featured-img-article_portrait","credit":"Courtesy of Thalmic Labs","caption":"Stephen Lake, CEO of Thalmic Labs","attach_id":"1390073"},"excerpt":"\u003Cp\u003EBuilding a company in an area that\u0026#8217;s financially attractive \u2014 but one in which you have no specific experience or interest \u2014 is often a losing endeavor.\u003C\/p\u003E\n","authors":[{"id":"1389338","url":"http:\/\/fortune.com\/author\/stephen-lake\/","name":"Stephen Lake","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1320,"filter":"raw"},{"term_id":12586,"name":"Entrepreneur","slug":"entrepreneur","term_group":0,"term_taxonomy_id":112232,"taxonomy":"post_tag","description":"","parent":0,"count":108,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Entrepreneur","slug":"entrepreneur","url":"http:\/\/fortune.com\/tag\/entrepreneur\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Building a company in an area that\u0026#8217;s financially attractive \u2014 but one in which you have no specific experience or interest \u2014 is often a losing endeavor.","seo":{"seo_title":"Common Mistakes Entrepreneurs Make","seo_description":"Stephen Lake, CEO of Thalmic Labs, explains the common mistakes entrepreneurs make when starting a business.","seo_keywords":"startup, startups, entrepreneur, entrepreneurs, success, success tips, 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Make"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23862,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1389326-0","in-article-ad-1389326-1","in-article-ad-1389326-2"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1398166,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/30\/entrepreneurs-mistakes-decision-making-business\/","title":"How slow decision-making can ruin your business","content":"\u003Cp\u003E\u003Ci\u003EThe Entrepreneur Insider netwo\u003C\/i\u003E\u003Cem\u003Erk is an online community where the most thoughtful and influential people in America\u2019s startup scene contribute answers to timely questions about entrepreneurship and careers. Today\u2019s answer to the question \u201cWhat are some common mistakes young entrepreneurs make?\u201d is written by Karl Martin, founder and CTO of Nymi.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EWhen founding a new business, you have to accept that you might drop the ball sometimes. It\u2019s not about perfection, but rather about setting priorities and disciplining yourself to keep them. Do well at the things that will move the business forward, and for everything else, just don\u2019t make any fatal mistakes.\u003C\/p\u003E\n\u003Cp\u003EHowever, this leads to a more macro-level challenge. As an entrepreneur, you\u2019re defining your business from the ground up. What business paths should you explore, and which are not worth your time? This has been a core challenge for me from the beginning. While my team and I have broadly applicable technology, we have to accept that we can\u2019t do everything. Having limited resources is the common variable that binds all startups.\u003C\/p\u003E\n\u003Cp\u003EThe biggest mistake that I see many young entrepreneurs make is not clearly defining which opportunities they will target. This can be framed as a sort of Schr\u00f6dinger\u0026#8217;s cat experiment for startups. In the classic thought experiment, physicist Erwin Schr\u00f6dinger supposed that a cat could be simultaneously alive and dead if its fate was dependent on the unobserved state of a quantum system. As entrepreneurs, our number one driver is always achieving success for our ventures and keeping them alive. But a company\u2019s fate is dependent on an unknown: Which of the multitude of opportunities is the winning path? The decision is usually made with very limited information, leading to a highly uncertain outcome.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/\u0022 target=\u0022_blank\u0022\u003EThis is why so many startups end up in financial trouble\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EThe natural psychological response to this dilemma that many inexperienced entrepreneurs have is to simply not make a definitive choice \u2014 to run multiple options at the same time. But believing the cat is still alive somewhere in the flurry of activities is a fallacy. With limited resources, you risk running out of capital before achieving important proof points to keep the business alive.\u003C\/p\u003E\n\u003Cp\u003EThe answer to this conundrum feels unnatural, but it involves making decisions quickly and resolutely with limited information. What\u2019s often not obvious is that if you move fast, you have greater opportunity to recover from mistakes and try another option should the first choice not pan out (also known as the classic startup \u201cpivot\u201d).\u003C\/p\u003E\n\u003Cp\u003EIn the case of Nymi, we had originally positioned our wearable authentication product, the Nymi Band, as a consumer device. We pushed early with a pre-order campaign and got lots of invaluable market feedback. Before we even fully launched the product, the data showed us that the interest in our product was too broad across consumer applications and would be very hard to execute effectively. We decided to pivot and focus on enterprise use cases that allowed us to create a user experience centered around truly burning problems in the market.\u003C\/p\u003E\n\u003Cp\u003EMany aspects of being an entrepreneur feel psychologically unnatural. Going fast and hard down a path with high uncertainty goes against our natural tendencies to mitigate risk. But avoiding failure simply leads to a slow death as your resources dry up. By making fast decisions and failing early, you realize that your cat may actually have a few lives to give.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00226\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4422538924001-6\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224422538924001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1XEhhvy\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/mpw_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbeauty%2Ccosmetics%2Cfutureofwork%2Cipsy%2Cipsycom%2Clifestyle%2Cmakeup%2Cmichellephan%2Cyoutube%26ch%3Dmpw%26topic%3Dfutureofwork\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ERead all responses to the Entrepreneur Insider question: What are some common mistakes young entrepreneurs make?\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/\u0022 target=\u0022_blank\u0022\u003EThis is where most startups go wrong\u003C\/a\u003E \u003C\/em\u003Eby Stephen Lake, CEO of Thalmic Labs.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/entrepreneurs-startup-mistakes\/\u0022 target=\u0022_blank\u0022\u003EDoing these 3 things will destroy your startup\u003C\/a\u003E\u003C\/em\u003E by Michael Gasiorek, editor-in-chief of Startup Grind.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/20\/entrepreneur-success-tips-mistake\/\u0022 target=\u0022_blank\u0022\u003EThe avoidable mistake every entrepreneur makes\u003C\/a\u003E \u003C\/em\u003Eby Andrew Filev, founder and CEO of Wrike.\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 11:30:30","updated":"2015-10-30 11:30:30","minute":"11:30 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/entrepreneurs-mistakes-decision-making-business\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/entrepreneurs-mistakes-decision-making-business\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/entrepreneurs-mistakes-decision-making-business\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"How slow decision-making can ruin your business","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/karl_martin.jpg?quality=80\u0026w=405","class":"featured-img-article_portrait","credit":"Photograph by Stephen Oung","caption":"Karl Martin, founder and CTO of Nymi","attach_id":"1398437"},"excerpt":"\u003Cp\u003EIt might feel natural to slowly think things through, but it\u0026#8217;s better to fail early on.\u003C\/p\u003E\n","authors":[{"id":"1398424","url":"http:\/\/fortune.com\/author\/karl-martin\/","name":"Karl Martin","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1320,"filter":"raw"},{"term_id":12586,"name":"Entrepreneur","slug":"entrepreneur","term_group":0,"term_taxonomy_id":112232,"taxonomy":"post_tag","description":"","parent":0,"count":108,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Entrepreneur","slug":"entrepreneur","url":"http:\/\/fortune.com\/tag\/entrepreneur\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It might feel natural to slowly think things through, but it\u0026#8217;s better to fail early on.","seo":{"seo_title":"How Slow Decision-Making can Ruin your Business","seo_description":"Karl Martin, founder and CTO of Nymi, explains the common mistakes young entrepreneurs make.","seo_keywords":"entrepreneur, entrepreneurs, startup, startups, Nymi, mistakes, Erwin Schr\u00f6dinger, business, risk, decision, decision-making, common 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Today\u2019s answer to the question \u201cWhat are some common mistakes young entrepreneurs make?\u201d is written by David Smith, founder of Vexti.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EWhen starting a new business, it can be tempting to discount your own time and lower prices in order to juice sales. I suspect there are a variety of reasons for this \u2014 cash flow pressure, fear of rejection, and wanting to show progress and build a portfolio.\u003C\/p\u003E\n\u003Cp\u003EYoung entrepreneurs, especially \u2014 often without a mortgage, car payments, kids or health expenses \u2014 have an easier time rationalizing below-market rates. They also have less pressure to earn more \u2014 the younger the entrepreneur, the less his or her peer group is making \u2014 than older entrepreneurs, who often feel pressure from existing financial obligations, as well as pressure to be in a similar income bracket as their friends.\u003C\/p\u003E\n\u003Cp\u003EBut lowering pricing is a seductive solution and can cause serious issues:\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EFuture cash-flow problems\u003C\/strong\u003E\u003Cbr \/\u003E\nIf booked revenue is paid before a service is delivered, a young company may end up spending more cash delivering the service than it received.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EA false sense of hope\u003C\/strong\u003E\u003Cbr \/\u003E\nLowered pricing can give entrepreneurs the hope that the business will succeed because sales seem thriving. But only when they try to expand the business, earn a reasonable income or take a vacation do they realize the low sales prices gave them a business model that doesn\u2019t work.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EStressful projects\u003C\/strong\u003E\u003Cbr \/\u003E\nIf projects are underpriced, they can drag on, as entrepreneurs likely become focused on other projects to increase revenue. Or they\u2019ll end up using the low price to justify doing low-quality work. These are all recipes for disaster.\u003C\/p\u003E\n\u003Cp\u003EInstead of lowering prices when sales seem shaky, I recommend young founders find out what others are charging for similar services and price competitively.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/\u0022 target=\u0022_blank\u0022\u003EThis is where most startups go wrong\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003ECompany websites will often list price points, especially bigger companies. If not, ask friends who have had the service done before what they paid for it. Look on LinkedIn for a competitor in a different market and ask them what they charge. I\u2019ve even used that technique to ask for help bidding a project. But keep in mind your business type and specific project. As a small business owner, what I buy and what I spend with a company like Microsoft \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022MSFT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/msft\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EMSFT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E or AT\u0026amp;T \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022T\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/t\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ET\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E is completely different from what a company like Nike \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022NKE\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/nke\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ENKE\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E buys and spends with those same vendors.\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003ESuccessfully selling a product incurs expenses (labor, product, etc.) and liabilities (delivering what is promised), so don\u2019t feel bad about losing a bid on price. In my experience, selling an offering that is priced too low is worse than not selling anything, and finding out early on that a business model doesn\u2019t work is better than executing a broken one. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan style=\u0022font-weight:400;\u0022\u003ECharge market rates for your service, and you\u2019ll be starting with a business plan that works \u2014 meaning less stress for you and more opportunity for your company. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Ci\u003EDavid Smith is the founder of \u003C\/i\u003E\u003C\/span\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Ci\u003E\u003Ca href=\u0022http:\/\/www.vexti.co\/\u0022 target=\u0022_blank\u0022\u003EVexti\u003C\/a\u003E, \u003C\/i\u003E\u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Ci\u003Ewhere \u003C\/i\u003E\u003C\/span\u003E\u003Ci style=\u0022line-height:1.5;\u0022\u003Ehe helps business owners solve their website headaches by teaching them how to use platforms designed to meet their needs. 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value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dapps%2Cbehance%2Cblueapron%2Cboxgroup%2Cdataminr%2Cdavidtisch%2Cfab%2Cfortunelive%2Charrys%2Cinvestinginstartups%2Cleighgallagher%2Cspring%2Cvine%2Cwarbyparker%26ch%3Dtech%26topic%3Dfortunelive\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ERead all responses to the Entrepreneur Insider question: What are some common mistakes young entrepreneurs make?\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/entrepreneurs-startup-mistakes\/\u0022 target=\u0022_blank\u0022\u003EDoing these 3 things will destroy your startup\u003C\/a\u003E\u003C\/em\u003E by Michael Gasiorek, editor-in-chief of Startup Grind.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/20\/entrepreneur-success-tips-mistake\/\u0022 target=\u0022_blank\u0022\u003EThe avoidable mistake every entrepreneur makes\u003C\/a\u003E \u003C\/em\u003Eby Andrew Filev, founder and CEO of Wrike.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 01:51:22","updated":"2015-10-29 01:51:22","minute":"1:51 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/entrepreneurs-startups-financial-trouble\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"This is why so many startups end up in financial trouble","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/headshot-nologo.png?w=407","class":"featured-img-article_portrait","credit":"Courtesy of Vexti","caption":"","attach_id":"1396685"},"excerpt":"\u003Cp\u003EEspecially those run by entrepreneurs who are first starting out\u003C\/p\u003E\n","authors":[{"id":"1396678","url":"http:\/\/fortune.com\/author\/david-smith\/","name":"David 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Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1319,"filter":"raw"},{"term_id":12586,"name":"Entrepreneur","slug":"entrepreneur","term_group":0,"term_taxonomy_id":112232,"taxonomy":"post_tag","description":"","parent":0,"count":108,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Entrepreneur","slug":"entrepreneur","url":"http:\/\/fortune.com\/tag\/entrepreneur\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Especially those run by entrepreneurs who are first starting out","seo":{"seo_title":"Founder of Vexti: Mistakes Entrepreneurs Make","seo_description":"David Smith, founder of Vexti, gives tips for entrepreneurial success.","seo_keywords":"entrepreneur, entrepreneurs, startup, startups, financial trouble, Vexti, market rates, success, entrepreneurial success, mistakes, entrepreneurial success","seo_news_keywords":"entrepreneur, entrepreneurs, 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Make"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23862,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396097-0","in-article-ad-1396097-1","in-article-ad-1396097-2"]},{"id":1389326,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/","title":"This is where most startups go wrong","content":"\u003Cp\u003E\u003Ci\u003EThe Entrepreneur Insider netwo\u003C\/i\u003E\u003Cem\u003Erk is an online community where the most thoughtful and influential people in America\u2019s startup scene contribute answers to timely questions about entrepreneurship and careers. Today\u2019s answer to the question \u201cWhat are some common mistakes young entrepreneurs make?\u201d is written by Stephen Lake, CEO of Thalmic Labs.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EDuring a past venture, one of the biggest lessons I learned was to get the right team in place before trying to go anywhere. Author Jim Collins hit the nail on the head when he wrote, \u0026#8220;Start by getting the right people on the bus, the wrong people off the bus, and the right people in the right seats.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EWhen you\u2019re starting a company, you want to work with people you get along with, people you like, and people who are smart. My cofounders were my classmates in the University of Waterloo\u2019s mechatronics engineering program, and we were close friends for years before starting Thalmic. Working and living together gave us a ton of experience collaborating on projects, which allowed us to learn each others\u2019 strengths and weaknesses.\u003C\/p\u003E\n\u003Cp\u003EWhen starting a business with friends, you definitely need to know that you can separate personal life and business life, and get along with them in both respects. If you don\u2019t mesh well on smaller projects, chances are you aren\u2019t going to be able to run a company together.\u003C\/p\u003E\n\u003Cp\u003EStarting a business is hard, and it\u2019s very much a roller coaster, so it\u2019s important you and your team share the same core values. There will be good days and bad days, and when you trust and respect each other enough to drop the gloves and debate strategy until your voices are hoarse in the boardroom, you can walk out as friends and grab a drink after. Look for people with whom you\u2019ve successfully battled adversity, met impossible deadlines, or overcome what you thought would be insurmountable challenges. It\u2019s easy to work well with people when the times are easy, but what\u2019s really important is finding people you know you\u2019ll get along with when the times get hard.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00228\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4308324716001-8\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224308324716001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1PQmYUT\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/tech_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dapps%2Cbehance%2Cblueapron%2Cboxgroup%2Cdataminr%2Cdavidtisch%2Cfab%2Cfortunelive%2Charrys%2Cinvestinginstartups%2Cleighgallagher%2Cspring%2Cvine%2Cwarbyparker%26ch%3Dtech%26topic%3Dfortunelive\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EYour motivation for starting a company needs to be clear. My advice to new entrepreneurs is always this: Go out and tackle a challenge that you\u0026#8217;re especially passionate about, and\/or one you have some competitive advantage in solving. When the days and nights get long and things get tough, you\u0026#8217;ll need this passion to pull you through. Building a company in an area that solely seems \u0026#8220;hot\u0026#8221; or financially attractive \u2014 but one in which you have no specific experience or interest \u2014 is often a losing endeavor.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ERead all responses to the Entrepreneur Insider question: What are some common mistakes young entrepreneurs make?\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/27\/entrepreneurs-startup-mistakes\/\u0022 target=\u0022_blank\u0022\u003EDoing these 3 things will destroy your startup\u003C\/a\u003E\u003C\/em\u003E by Michael Gasiorek, editor-in-chief of Startup Grind.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/20\/entrepreneur-success-tips-mistake\/\u0022 target=\u0022_blank\u0022\u003EThe avoidable mistake every entrepreneur makes\u003C\/a\u003E \u003C\/em\u003Eby Andrew Filev, founder and CEO of Wrike.\u003C\/p\u003E\n","time":{"pretty":"October 27, 2015","published":"2015-10-27 11:19:58","updated":"2015-10-27 11:19:58","minute":"11:19 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/27\/common-entrepreneur-mistakes-startups-go-wrong\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"This is where most startups go wrong ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/stephen-waist-up-headshot.jpg?quality=80\u0026w=407","class":"featured-img-article_portrait","credit":"Courtesy of Thalmic Labs","caption":"Stephen Lake, CEO of Thalmic Labs","attach_id":"1390073"},"excerpt":"\u003Cp\u003EBuilding a company in an area that\u0026#8217;s financially attractive \u2014 but one in which you have no specific experience or interest \u2014 is often a losing endeavor.\u003C\/p\u003E\n","authors":[{"id":"1389338","url":"http:\/\/fortune.com\/author\/stephen-lake\/","name":"Stephen Lake","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO 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","attach_id":"1403501"},"excerpt":"\u003Cp\u003EAttention Kmart shoppers.\u003C\/p\u003E\n","authors":[{"id":"381338","url":"http:\/\/fortune.com\/author\/claire-zillman\/","name":"Claire Zillman","twitter":"clairezillman","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/claire-zillman-7591.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS\u0022 \/\u003E","thumbnail_alt":"FORTUNE MAGAZINE DITORS HEADSHOTS - PHOTO EDITOR NEIL HARRIS","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/claire-zillman-7591.jpg?quality=80\u0026w=150",150,150,true],"bio":"Claire Zillman is a writer at 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full","is_magazine_content":"non-magazine","url":"\/2015\/10\/02\/black-friday-thanksgiving-shopping\/","title":"This retailer is taking (somewhat of) a stand against Black Friday shopping madness","content":"\u003Cp\u003EOver the past few years, the annual day of shopping mayhem known as Black Friday has been starting earlier and earlier\u2014so early, in fact, that many stores have started opening on Thanksgiving Day, before most Americans have sat down to eat their Thanksgiving dinners.\u003C\/p\u003E\n\u003Cp\u003ENow Staples \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022SPLS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/spls\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ESPLS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change 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Hold the champagne","content":"\u003Cp\u003ESears Holdings \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022SHLD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/shld\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ESHLD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E on Thursday reported good financial news of the kind the retailer hadn\u0026#8217;t doled out since early 2013: a \u003Ca href=\u0022http:\/\/searsholdings.mediaroom.com\/index.php?s=16310\u0026amp;item=137380\u0022\u003Equarterly profit\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EBut hold off on shouting victory for the struggling company: the owner of the Sears and Kmart chains pulled that rabbit out of its hat thanks to the sale of some assets, primarily valuable stores to Seritage Growth Properties, the real estate investment trust that \u003Ca href=\u0022http:\/\/fortune.com\/2015\/04\/01\/sears-ggp-reit-cash\u0022\u003ESears spun off\u003C\/a\u003E in July. Excluding that, and other minor items, Sears would have had a loss of $256 million. (Its net income, which adds up everything, including one-time items, was $208 million, breaking a 12-quarter losing streak.)\u003C\/p\u003E\n\u003Cp\u003ESears\u0026#8217; core retail business \u003Ca href=\u0022http:\/\/fortune.com\/2015\/02\/26\/sears-earnings\/\u0022\u003Econtinued to deteriorate\u003C\/a\u003E: overall sales fell again, something to be expected given the hundreds of stores it has closed. But even stripping that out, Sears and Kmart are in rough shape, with comparable sales (sales at stores open for at least a year and e-commerce) fell by 14% and 7.3%, respectively. To be fair, some of that had to do with the retailers\u0026#8217; shift away from low-margin categories like electronics.\u003C\/p\u003E\n\u003Cp\u003EBut those are alarming declines, and things will only get rougher as competitors from Macy\u0026#8217;s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022M\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/m\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EM\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E to Walmart \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WMT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wmt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWMT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E to Kohl\u0026#8217;s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022KSS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/kss\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EKSS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E are likely to fight aggressively for market share in a tight retail environment.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002247\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4270711669001-47\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224270711669001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1NxsvhK\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/retail_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dhomeshoppingnetwork%2Chsn%2Cmindygrossman%2Csusiegharib%26ch%3Dretail%26topic%3Dmindygrossman\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EStill, there were some positive signs: Sears Holdings\u0026#8217; gross margin continued to improve, helped by fewer markdowns at Sears and some improvement in grocery and electronics sales at Kmart.\u003C\/p\u003E\n\u003Cp\u003ESears CEO Eddie Lampert\u2014a hedge fund manager who owns almost half the company and engineered the merger of then-bankrupt Kmart and Sears in 2005 with a promise of revolutionizing retail\u2014said the company was making progress in transforming Sears Holdings into a membership-based company, rich with data that will enable it to sell more targeted merchandise to its customers, but less reliant on physical big-box stores.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;During the quarter we completed many of the objectives we laid out to transform Holdings from a traditional, store-network based retail business model to a more asset-light, member-centric integrated,\u0026#8221; Lampert said in a statement.\u003C\/p\u003E\n\u003Cp\u003ESears has raised billions in the last two years by selling off some its best assets, from stores to its Lands\u0026#8217; End apparel brand, to stave off a cash crunch.\u003C\/p\u003E\n\u003Cp\u003EDespite some green shoots in the second-quarter numbers, Lampert is in a race against time to carry out that transformation.\u003C\/p\u003E\n\u003Cp\u003EAs Noel Hebert, a Bloomberg Intelligence analyst, \u003Ca href=\u0022http:\/\/www.bloomberg.com\/news\/articles\/2015-08-20\/sears-posts-second-quarter-profit-on-gain-from-real-estate-sale\u0022\u003Esaid\u003C\/a\u003E: \u201cThe company is still trying to outrun the proverbial melting ice cube, which will mean more asset sales down the road to fund losses until it can find the right store base to support its asset-lite goals.\u201d\u003C\/p\u003E\n\u003Cp\u003EBut it has only so many assets left to sell to keep pulling off that trick.\u003C\/p\u003E\n","time":{"pretty":"August 20, 2015","published":"2015-08-20 11:02:46","updated":"2015-08-20 11:02:46","minute":"11:02 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/08\/20\/sears-profit\/","absolute_url":"http:\/\/fortune.com\/2015\/08\/20\/sears-profit\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/08\/20\/sears-profit\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Sears reports a profit for once. Hold the champagne","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/177164877.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Daniel Acker \u2014 Bloomberg\/Getty Images","caption":"","attach_id":"382328"},"excerpt":"\u003Cp\u003EThe struggling retailer managed to report a profit, by selling some of its best real estate, but its core retail operations continued to decline in the second quarter.\u003C\/p\u003E\n","authors":[{"id":"345187","url":"http:\/\/fortune.com\/author\/phil-wahba\/","name":"Phil Wahba","twitter":"philwahba","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/phil-wahba-146.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Phil Wahba\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/phil-wahba-146.jpg?quality=80\u0026w=150",150,150,true],"bio":"Phil Wahba is a senior writer for Fortune.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13487,"filter":"raw"},{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46735,"taxonomy":"category","description":"News and updates on the retail sector, including companies like Wal-Mart, Target, Costco, Sears, Home Depot, and other places to shop.","parent":0,"count":3722,"filter":"raw"}],"section":{"name":"Retail","slug":"retail","url":"http:\/\/fortune.com\/retail\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":23996853,"name":"Corporate turnaround","slug":"corporate-turnaround","term_group":0,"term_taxonomy_id":111258,"taxonomy":"post_tag","description":"","parent":0,"count":26,"filter":"raw"},{"term_id":1396050,"name":"Eddie Lampert","slug":"eddie-lampert","term_group":0,"term_taxonomy_id":116613,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":209899,"name":"Kmart","slug":"kmart","term_group":0,"term_taxonomy_id":117471,"taxonomy":"post_tag","description":"","parent":0,"count":8,"filter":"raw"},{"term_id":22234,"name":"Sears","slug":"sears","term_group":0,"term_taxonomy_id":57601,"taxonomy":"post_tag","description":"","parent":0,"count":31,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Corporate turnaround","slug":"corporate-turnaround","url":"http:\/\/fortune.com\/tag\/corporate-turnaround\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The struggling retailer managed to report a profit, by selling some of its best real estate, but its core retail operations continued to decline in the second quarter.","seo":{"seo_title":"Sears reports a rare quarterly profit by selling good stores","seo_description":"Sears managed to report a profit, by selling some of its best real estate, but its core retail continued to decline in the second quarter.","seo_keywords":"Sears, Walmart, Kmart, macy\u0027s, profit, real estate, sales, decline, stores","seo_news_keywords":"Sears, Walmart, Kmart, macy\u0027s, profit, real estate, sales, decline, stores","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/08\/20\/sears-profit\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F08%2F20%2Fsears-profit%2F","shortlink":"http:\/\/for.tn\/1NxsvhK","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1NxsvhK","encoded_title":"Sears+reports+a+profit+for+once.+Hold+the+champagne","twitter_text":"Sears posts a profit for once. But don\u0027t break out the champagne yet.","twitter_via":"FORTUNE","facebook_desc":"Sears managed to report a profit, by selling some of its best real estate, but its core retail continued to decline in the second quarter.","facebook_title":"Sears reports a rare quarterly profit by selling good stores"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23901,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1258117-0","in-article-ad-1258117-1","in-article-ad-1258117-2"]},{"id":1225869,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/08\/03\/walmart-amazon-toy-guns-ny\/","title":"Walmart, Amazon settle with NY over banned toy guns","content":"\u003Cp\u003ESome of the world\u0026#8217;s top retailers have agreed to pay more than $300,000 to settle an investigation by New York State regulators into alleged sales of banned toy guns.\u003C\/p\u003E\n\u003Cp\u003EWalmart \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WMT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wmt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWMT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and Amazon \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AMZN\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/amzn\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAMZN\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E headline the group of retailers that agreed to settle the probe in an agreement to be announced on Monday by state Attorney General Eric Schneiderman, according to \u003Ca href=\u0022http:\/\/www.bloomberg.com\/news\/articles\/2015-08-03\/amazon-wal-mart-settle-with-new-york-over-toy-gun-sales\u0022\u003EBloomberg\u003C\/a\u003E. Those companies \u2014 along with Sears Holdings\u0026#8217; \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022SHLD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/shld\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ESHLD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E Kmart and Sears store brands, as well as California-based company \u003Ca href=\u0022http:\/\/www.moretoyguns.com\/questions.html\u0022\u003EACTA\u003C\/a\u003E \u2014 had been under investigation after allegedly selling toy guns that were prohibited under state law for being too realistic to New York residents who bought the products online.\u003C\/p\u003E\n\u003Cp\u003ESchneiderman\u0026#8217;s office sent the five retailers cease and desist letters \u003Ca href=\u0022http:\/\/www.ag.ny.gov\/press-release\/ag-schneiderman-investigation-reveals-major-retailers-illegally-selling-prohibited-toy\u0022\u003Ein December\u003C\/a\u003E after the state\u0026#8217;s investigation turned up evidence of online sales of banned toy guns online and, in one case, in a suburban Rochester Kmart store. In New York, it is illegal to sell toy guns that look too realistic, including those in colors such as black, blue, silver, or aluminum, unless they also have one-inch-wide orange stripes on both sides and on front of the toy\u0026#8217;s barrel.\u003C\/p\u003E\n\u003Cp\u003EAccording to Bloomberg, the retailers sold more than 6,400 banned toy guns in New York between 2012 and December. Walmart will pay the bulk of the fine \u2014 $225,000 \u2014 because the recent probe found that the company violated the terms of an earlier agreement with the state, in 2003, when the company was found to be selling prohibited toy guns.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Cstrong\u003EUPDATE\u003C\/strong\u003E: A Walmart spokesman sent Fortune the following statement: \u0026#8220;Once the New York Attorney General expressed concern with certain items sold at walmart.com, we blocked the shipment of those items into the state. Walmart.com has revised its policy so only items which comply with the New York City code are shipped into New York.  We are pleased we were able to resolve this matter, along with several other retailers.\u0026#8221;\u003C\/em\u003E\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002248\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4390532519001-48\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 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Hold the champagne","content":"\u003Cp\u003ESears Holdings \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022SHLD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/shld\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ESHLD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E on Thursday reported good financial news of the kind the retailer hadn\u0026#8217;t doled out since early 2013: a \u003Ca href=\u0022http:\/\/searsholdings.mediaroom.com\/index.php?s=16310\u0026amp;item=137380\u0022\u003Equarterly profit\u003C\/a\u003E.\u003C\/p\u003E\n\u003Cp\u003EBut hold off on shouting victory for the struggling company: the owner of the Sears and Kmart chains pulled that rabbit out of its hat thanks to the sale of some assets, primarily valuable stores to Seritage Growth Properties, the real estate investment trust that \u003Ca href=\u0022http:\/\/fortune.com\/2015\/04\/01\/sears-ggp-reit-cash\u0022\u003ESears spun off\u003C\/a\u003E in July. Excluding that, and other minor items, Sears would have had a loss of $256 million. (Its net income, which adds up everything, including one-time items, was $208 million, breaking a 12-quarter losing streak.)\u003C\/p\u003E\n\u003Cp\u003ESears\u0026#8217; core retail business \u003Ca href=\u0022http:\/\/fortune.com\/2015\/02\/26\/sears-earnings\/\u0022\u003Econtinued to deteriorate\u003C\/a\u003E: overall sales fell again, something to be expected given the hundreds of stores it has closed. But even stripping that out, Sears and Kmart are in rough shape, with comparable sales (sales at stores open for at least a year and e-commerce) fell by 14% and 7.3%, respectively. To be fair, some of that had to do with the retailers\u0026#8217; shift away from low-margin categories like electronics.\u003C\/p\u003E\n\u003Cp\u003EBut those are alarming declines, and things will only get rougher as competitors from Macy\u0026#8217;s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022M\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/m\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EM\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E to Walmart \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WMT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wmt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWMT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E to Kohl\u0026#8217;s \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022KSS\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/kss\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EKSS\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E are likely to fight aggressively for market share in a tight retail environment.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00225\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4270711669001-5\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224270711669001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1NxsvhK\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/retail_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dhomeshoppingnetwork%2Chsn%2Cmindygrossman%2Csusiegharib%26ch%3Dretail%26topic%3Dmindygrossman\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EStill, there were some positive signs: Sears Holdings\u0026#8217; gross margin continued to improve, helped by fewer markdowns at Sears and some improvement in grocery and electronics sales at Kmart.\u003C\/p\u003E\n\u003Cp\u003ESears CEO Eddie Lampert\u2014a hedge fund manager who owns almost half the company and engineered the merger of then-bankrupt Kmart and Sears in 2005 with a promise of revolutionizing retail\u2014said the company was making progress in transforming Sears Holdings into a membership-based company, rich with data that will enable it to sell more targeted merchandise to its customers, but less reliant on physical big-box stores.\u003C\/p\u003E\n\u003Cp\u003E\u0026#8220;During the quarter we completed many of the objectives we laid out to transform Holdings from a traditional, store-network based retail business model to a more asset-light, member-centric integrated,\u0026#8221; Lampert said in a statement.\u003C\/p\u003E\n\u003Cp\u003ESears has raised billions in the last two years by selling off some its best assets, from stores to its Lands\u0026#8217; End apparel brand, to stave off a cash crunch.\u003C\/p\u003E\n\u003Cp\u003EDespite some green shoots in the second-quarter numbers, Lampert is in a race against time to carry out that transformation.\u003C\/p\u003E\n\u003Cp\u003EAs Noel Hebert, a Bloomberg Intelligence analyst, \u003Ca href=\u0022http:\/\/www.bloomberg.com\/news\/articles\/2015-08-20\/sears-posts-second-quarter-profit-on-gain-from-real-estate-sale\u0022\u003Esaid\u003C\/a\u003E: \u201cThe company is still trying to outrun the proverbial melting ice cube, which will mean more asset sales down the road to fund losses until it can find the right store base to support its asset-lite goals.\u201d\u003C\/p\u003E\n\u003Cp\u003EBut it has only so many assets left to sell to keep pulling off that trick.\u003C\/p\u003E\n","time":{"pretty":"August 20, 2015","published":"2015-08-20 11:02:46","updated":"2015-08-20 11:02:46","minute":"11:02 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/08\/20\/sears-profit\/","absolute_url":"http:\/\/fortune.com\/2015\/08\/20\/sears-profit\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/08\/20\/sears-profit\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Sears reports a profit for once. Hold the champagne","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/177164877.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Daniel Acker \u2014 Bloomberg\/Getty Images","caption":"","attach_id":"382328"},"excerpt":"\u003Cp\u003EThe struggling retailer managed to report a profit, by selling some of its best real estate, but its core retail operations continued to decline in the second quarter.\u003C\/p\u003E\n","authors":[{"id":"345187","url":"http:\/\/fortune.com\/author\/phil-wahba\/","name":"Phil Wahba","twitter":"philwahba","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/phil-wahba-146.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Phil Wahba\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/phil-wahba-146.jpg?quality=80\u0026w=150",150,150,true],"bio":"Phil Wahba is a senior writer for Fortune.","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13486,"filter":"raw"},{"term_id":13879,"name":"Retail","slug":"retail","term_group":0,"term_taxonomy_id":46735,"taxonomy":"category","description":"News and updates on the retail sector, including companies like Wal-Mart, Target, Costco, Sears, Home Depot, and other places to shop.","parent":0,"count":3720,"filter":"raw"}],"section":{"name":"Retail","slug":"retail","url":"http:\/\/fortune.com\/retail\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":23996853,"name":"Corporate turnaround","slug":"corporate-turnaround","term_group":0,"term_taxonomy_id":111258,"taxonomy":"post_tag","description":"","parent":0,"count":26,"filter":"raw"},{"term_id":1396050,"name":"Eddie Lampert","slug":"eddie-lampert","term_group":0,"term_taxonomy_id":116613,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":209899,"name":"Kmart","slug":"kmart","term_group":0,"term_taxonomy_id":117471,"taxonomy":"post_tag","description":"","parent":0,"count":7,"filter":"raw"},{"term_id":22234,"name":"Sears","slug":"sears","term_group":0,"term_taxonomy_id":57601,"taxonomy":"post_tag","description":"","parent":0,"count":31,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Corporate turnaround","slug":"corporate-turnaround","url":"http:\/\/fortune.com\/tag\/corporate-turnaround\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The struggling retailer managed to report a profit, by selling some of its best real estate, but its core retail operations continued to decline in the second quarter.","seo":{"seo_title":"Sears reports a rare quarterly profit by selling good stores","seo_description":"Sears managed to report a profit, by selling some of its best real estate, but its core retail continued to decline in the second quarter.","seo_keywords":"Sears, Walmart, Kmart, macy\u0027s, profit, real estate, sales, decline, stores","seo_news_keywords":"Sears, Walmart, Kmart, macy\u0027s, profit, real estate, sales, decline, stores","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/08\/20\/sears-profit\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F08%2F20%2Fsears-profit%2F","shortlink":"http:\/\/for.tn\/1NxsvhK","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1NxsvhK","encoded_title":"Sears+reports+a+profit+for+once.+Hold+the+champagne","twitter_text":"Sears posts a profit for once. But don\u0027t break out the champagne yet.","twitter_via":"FORTUNE","facebook_desc":"Sears managed to report a profit, by selling some of its best real estate, but its core retail continued to decline in the second quarter.","facebook_title":"Sears reports a rare quarterly profit by selling good stores"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23871,"object_id":1258117,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1258117-0","in-article-ad-1258117-1","in-article-ad-1258117-2"]},{"id":1225869,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/08\/03\/walmart-amazon-toy-guns-ny\/","title":"Walmart, Amazon settle with NY over banned toy guns","content":"\u003Cp\u003ESome of the world\u0026#8217;s top retailers have agreed to pay more than $300,000 to settle an investigation by New York State regulators into alleged sales of banned toy guns.\u003C\/p\u003E\n\u003Cp\u003EWalmart \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022WMT\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/wmt\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EWMT\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E and Amazon \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022AMZN\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/amzn\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003EAMZN\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E headline the group of retailers that agreed to settle the probe in an agreement to be announced on Monday by state Attorney General Eric Schneiderman, according to \u003Ca href=\u0022http:\/\/www.bloomberg.com\/news\/articles\/2015-08-03\/amazon-wal-mart-settle-with-new-york-over-toy-gun-sales\u0022\u003EBloomberg\u003C\/a\u003E. Those companies \u2014 along with Sears Holdings\u0026#8217; \u003Cspan class=\u0022tickershortcode quotecard_hook unprocessed neutral\u0022 data-symbol=\u0022SHLD\u0022\u003E\n\t\t\t\t\u003Cspan class=\u0022wrapper trend-wrapper\u0022\u003E\n\t\t\t\t\t\u003Ca class=\u0022exit_trigger_set\u0022 href=\u0022\/company\/shld\/\u0022\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022ticker\u0022\u003ESHLD\u003C\/span\u003E\n\t\t\t\t\t\t\u003Cspan class=\u0022change percent\u0022\u003E\u003C\/span\u003E\n\t\t\t\t\t\u003C\/a\u003E\n\t\t\t\t\u003C\/span\u003E\n\t\t\t\u003C\/span\u003E Kmart and Sears store brands, as well as California-based company \u003Ca href=\u0022http:\/\/www.moretoyguns.com\/questions.html\u0022\u003EACTA\u003C\/a\u003E \u2014 had been under investigation after allegedly selling toy guns that were prohibited under state law for being too realistic to New York residents who bought the products online.\u003C\/p\u003E\n\u003Cp\u003ESchneiderman\u0026#8217;s office sent the five retailers cease and desist letters \u003Ca href=\u0022http:\/\/www.ag.ny.gov\/press-release\/ag-schneiderman-investigation-reveals-major-retailers-illegally-selling-prohibited-toy\u0022\u003Ein December\u003C\/a\u003E after the state\u0026#8217;s investigation turned up evidence of online sales of banned toy guns online and, in one case, in a suburban Rochester Kmart store. In New York, it is illegal to sell toy guns that look too realistic, including those in colors such as black, blue, silver, or aluminum, unless they also have one-inch-wide orange stripes on both sides and on front of the toy\u0026#8217;s barrel.\u003C\/p\u003E\n\u003Cp\u003EAccording to Bloomberg, the retailers sold more than 6,400 banned toy guns in New York between 2012 and December. Walmart will pay the bulk of the fine \u2014 $225,000 \u2014 because the recent probe found that the company violated the terms of an earlier agreement with the state, in 2003, when the company was found to be selling prohibited toy guns.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Cstrong\u003EUPDATE\u003C\/strong\u003E: A Walmart spokesman sent Fortune the following statement: \u0026#8220;Once the New York Attorney General expressed concern with certain items sold at walmart.com, we blocked the shipment of those items into the state. Walmart.com has revised its policy so only items which comply with the New York City code are shipped into New York.  We are pleased we were able to resolve this matter, along with several other retailers.\u0026#8221;\u003C\/em\u003E\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00226\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4390532519001-6\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 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While his successor played \u201cgood cop\u201d to the Tea Party caucus, the compromise actually revealed the auspicious reality of a \u201clame duck.\u201d\u003C\/p\u003E\n\u003Cp\u003EMost Democrats and Republicans alike agree that President Barack Obama has governed more aggressively since his second oath of office. To progressives, it is a mandate he achieved through his reelection. 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Ryan","slug":"paul-ryan","term_group":0,"term_taxonomy_id":109893,"taxonomy":"post_tag","description":"","parent":0,"count":15,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2967,"filter":"raw"},{"term_id":34834,"name":"Republican","slug":"republican","term_group":0,"term_taxonomy_id":110997,"taxonomy":"post_tag","description":"","parent":0,"count":37,"filter":"raw"},{"term_id":134896,"name":"speaker","slug":"speaker","term_group":0,"term_taxonomy_id":147934,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"John Boehner","slug":"john-boehner","url":"http:\/\/fortune.com\/tag\/john-boehner\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It still haunts him.","seo":{"seo_title":"John Boehner\u0027s Biggest Regret: Collapse of the Grand Bargain","seo_description":"Boehner\u0027s biggest regret was the collapse of the \u0027grand bargain\u0027 agreed to with Obama that would have raised revenue and cut spending","seo_keywords":"John Boehner, speaker, Paul Ryan, republican, debt ceiling, grand bargain, government spending, entitlements","seo_news_keywords":"John Boehner, speaker, Paul Ryan, republican, debt ceiling, grand bargain, government spending, entitlements","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/regret-boehner\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fregret-boehner%2F","shortlink":"http:\/\/for.tn\/1GPlmIS","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1GPlmIS","encoded_title":"This+is+ex-Speaker+John+Boehner%E2%80%99s+biggest+regret","twitter_text":"This is ex-Speaker John Boehner\u2019s biggest regret","twitter_via":"FORTUNE","facebook_desc":"It still haunts him.","facebook_title":"This Is Ex-Speaker John Boehner\u2019s Biggest Regret"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23913,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1398953-0","in-article-ad-1398953-1","in-article-ad-1398953-2"]},{"id":1390077,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/27\/debt-ceiling-useless-u-s-spending\/","title":"The debt ceiling is a useless way to control U.S. spending","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe U.S. is once again on the precipice of default on its national debt \u2014 not because of a fundamental inability to generate and collect tax revenues (\u003Ci\u003Ea la\u003C\/i\u003E Greece), but because of political shenanigans over the country\u2019s \u003Cspan class=\u0022s2\u0022\u003Edebt ceiling\u003C\/span\u003E.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Treasury Department \u003Cspan class=\u0022s2\u0022\u003Eprojects\u003C\/span\u003E that after November 3, the federal government will not have enough cash on hand to pay its bills and obligations without borrowing in excess of the current federal debt limit, currently $18.1 trillion. If Congress does not act by then, the Treasury would have no option but to renege on its promises, an action that could have serious consequences for the nation\u2019s economy \u2014 and well beyond.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIt\u2019s uncertain if we\u2019ll see more political shenanigans this week \u2014 such as the \u003Cspan class=\u0022s2\u0022\u003Eattachment of amendments\u003C\/span\u003E that may pose a problem for quick passage \u2014 as Congress considers whether and how much to raise the debt ceiling. The \u003Cspan class=\u0022s2\u0022\u003Elatest reports\u003C\/span\u003E suggest House Speaker John Boehner and the White House are negotiating a two-year deal that would suspend the debt ceiling until 2017.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThat would be a welcome development, but going through this dangerous drama every year or two (or multiple times in a single year) begs an important question: Why have such a limit when the spending it seeks to constrain has already been approved by Congress, and when the consequences of not raising it could be so dire?\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p11\u0022\u003E\u003Cstrong\u003E\u003Cspan class=\u0022s1\u0022\u003EOrigins of the debt ceiling\u003C\/span\u003E\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EFirst, a quick primer on government finance. When annual outlays (spending and transfers) exceed tax revenues, the government runs a \u003Cspan class=\u0022s2\u0022\u003Ebudget deficit\u003C\/span\u003E and must then borrow funds to make up the difference. The government does so by selling Treasury securities to the public in exchange for cash.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003ETreasury securities are debt instruments, which are, essentially, promises to repay the face value (the dollar amount borrowed) plus interest at an agreed-upon date. These securities are ultimately backed by the Treasury\u2019s ability to collect future taxes to cover these payments. The \u003Cspan class=\u0022s2\u0022\u003Etotal face value\u003C\/span\u003E of the federal government\u2019s outstanding debt \u2014 the amount it currently owes its bond-holding creditors \u2014 is equal to the accumulation of all past annual deficits.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe statutory ceiling on U.S. debt places a legal upper bound on the size of this outstanding debt \u2014 that is, on how much the federal government can borrow.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe ceiling has been around since 1917, when Congress adopted it to strengthen the legislative branch\u2019s control over spending and taxes, then primarily determined by the president. Besides the U.S., \u003Cspan class=\u0022s2\u0022\u003Eonly Denmark\u003C\/span\u003E has a statutory debt limit (although in Denmark the limit is much less amenable to political mischief than here).\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p11\u0022\u003E\u003Cstrong\u003E\u003Cspan class=\u0022s1\u0022\u003EThe ceiling\u2019s weak rationale\u003C\/span\u003E\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe economic arguments for having a debt ceiling are exceedingly weak.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EFirst, the original rationale for the statute \u2014 to provide a better balance of power between lawmakers and the president over who controls fiscal policy \u2014 is obsolete. The \u003Ca href=\u0022http:\/\/www.gpo.gov\/fdsys\/pkg\/GPO-RIDDICK-1992\/pdf\/GPO-RIDDICK-1992-34.pdf\u0022 target=\u0022_blank\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003ECongressional Budget Act of 1974\u003C\/span\u003E\u003C\/a\u003E now specifically lays out procedures for how Congress is to participate in the annual budget process. The ceiling is, at best, redundant in light of its initial purpose.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003ESecond, the specific limit set by the law \u2014 \u003Ca href=\u0022http:\/\/www.theatlantic.com\/business\/archive\/2011\/04\/the-us-debt-ceiling-a-historical-look\/238061\/\u0022 target=\u0022_blank\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003Einitially\u003C\/span\u003E\u003C\/a\u003E around $12 billion and now at its current level after having been raised 78 times since 1960 \u2014 is completely arbitrary and not linked in any meaningful way to the scale of the economy.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EWere a debt limit deemed to be a useful policy tool, the limit would need to account for inflation. Otherwise, generally rising prices, even at current low inflation rates, would eventually push nominal borrowing beyond the fixed limit anyway, even if there were no changes in real (inflation-adjusted) spending and borrowing.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EOne option would be to index the nominal limit to a measure of inflation, like changes in the consumer price index. Another would be to impose the limit on debt as a proportion of the nation\u2019s total output. The latter alternative would at least have the advantage of tying the ceiling to the resources available for paying off the debt.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThird, even if we grant the one potentially sound argument for maintaining a limit \u2014 that it disciplines fiscal policy \u2014 there are better ways to achieve this goal.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe current setup is completely divorced from the annual budget process, and is thus inefficient and inconsistent. And the \u003Cspan class=\u0022s2\u0022\u003Econsequences\u003C\/span\u003E of not raising the limit are extreme and potentially harmful to the overall economy.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIndeed, the mere \u003Ci\u003Eanticipation\u003C\/i\u003E of government default heightens uncertainty, damages the government\u2019s reputation and authority and increases borrowing costs (ultimately borne by taxpayers). For example, a major scare over raising the ceiling in 2011 led to the loss of the national government\u2019s AAA credit rating at Standard \u0026amp; Poor\u2019s, which \u003Cspan class=\u0022s2\u0022\u003Eblamed\u003C\/span\u003E political brinkmanship over both the ceiling and broader debt debate for the downgrade.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EAnd given the importance of U.S. debt as an international financial asset, a U.S. default could lead to yet another global financial crisis, among other unintended consequences.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p11\u0022\u003E\u003Cstrong\u003E\u003Cspan class=\u0022s1\u0022\u003EA better way to control spending\u003C\/span\u003E\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EHere is a better way to limit the role of federal in the economy and promote fiscal discipline: Rescind the current debt ceiling but impose a statutory limit on the annual outlays of the federal government as a proportion of the nation\u2019s income.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003ESuch a ceiling would discipline federal spending through the established annual budget process. It would force the American people, through their political representatives, to determine how much of the nation\u2019s productive capacity should be controlled by the federal government, and how those limited resources should be allocated across alternative uses.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EAnd a ceiling on outlays is better than a ceiling on the debt-to-GDP ratio or even a balanced budget amendment, since neither of those alternatives necessarily limits the overall size of the government sector. I don\u2019t consider a country in which the government always has a balanced budget \u2014 but that controls, say, 50% of the nation\u2019s GDP \u2014 a country with a lot of federal fiscal discipline.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EYes, there are always the opportunities for political mischief, and a ceiling on spending might have its own unintended consequences. There are surely many beneficial refinements to consider, such as a spending limit that varies with the state of the business cycle (rising during recessions and falling with expansions).\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EBut I would predict that such a plan would rein in spending and limit the government\u2019s role in the economy more effectively, with less uncertainty and fewer harmful side effects, than the ill-advised, counterproductive and unnecessary debt ceiling we now have.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022https:\/\/theconversation.com\/profiles\/william-d-lastrapes-159364\u0022 target=\u0022_blank\u0022\u003EWilliam D. Lastrapes\u003C\/a\u003E is a professor of economics in the Terry College of Business at the University of Georgia. This piece was originally published on \u003Ca href=\u0022https:\/\/theconversation.com\/explainer-whats-the-debt-ceiling-and-why-its-an-obsolete-way-to-control-spending-49633?utm_medium=email\u0026amp;utm_campaign=Latest+from+The+Conversation+for+October+27+2015+-+3708\u0026amp;utm_content=Latest+from+The+Conversation+for+October+27+2015+-+3708+CID_c85eab2bc53defbf3af2f4c0b252cd6e\u0026amp;utm_source=campaign_monitor_us\u0026amp;utm_term=Explainer%20whats%20the%20debt%20ceiling%20and%20why%20its%20an%20obsolete%20way%20to%20control%20spending\u0022 target=\u0022_blank\u0022\u003EThe Conversation\u003C\/a\u003E.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cimg src=\u0022https:\/\/counter.theconversation.edu.au\/content\/49633\/count.gif\u0022 alt=\u0022The Conversation\u0022 width=\u00221\u0022 height=\u00221\u0022 \/\u003E\u003C\/p\u003E\n","time":{"pretty":"October 27, 2015","published":"2015-10-27 09:59:07","updated":"2015-10-27 09:59:07","minute":"9:59 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/27\/debt-ceiling-useless-u-s-spending\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/27\/debt-ceiling-useless-u-s-spending\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/27\/debt-ceiling-useless-u-s-spending\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The debt ceiling is a useless way to control U.S. spending","post_type":"post","featured_type":"image","featured_image":{"src":"http:\/\/i2.wp.com\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-494361406.jpg?crop=0px%2C0px%2C3000px%2C1731px\u0026resize=840%2C485\u0026quality=80\u0026strip","class":"featured-img-article_full","credit":"Photograph by Chip Somodevilla \u2014 Getty Images","caption":"WASHINGTON, DC - OCTOBER 26:  Speaker of the House John Boehner (R-OH) (2nd R) tells reporters that he is \u0026quot;cleaning out the barn, cleaning out the barn,\u0026quot; as he heads to a GOP conference meeting at the begining of his last week in the House of Representatives October 26, 2015 in Washington, DC. The White House and Boehner may be nearing a two-year budget deal that would avert another government shutdown, increase defense and defense spending by $80 billion and extend the debt limit through to March 2017, clearing it away until after the 2016 elections. (Photo by Chip Somodevilla\/Getty Images)","attach_id":"1390169"},"excerpt":"\u003Cp\u003EThe specific limit set by the law \u2014 which has been raised 78 times since 1960 \u2014 is completely arbitrary and not linked to the scale of the economy.\u003C\/p\u003E\n","authors":[{"id":"1390123","url":"http:\/\/fortune.com\/author\/william-d-lastrapes\/","name":"William D. Lastrapes","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1203,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":1924104,"name":"debt ceiling","slug":"debt-ceiling","term_group":0,"term_taxonomy_id":109912,"taxonomy":"post_tag","description":"","parent":0,"count":35,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"debt ceiling","slug":"debt-ceiling","url":"http:\/\/fortune.com\/tag\/debt-ceiling\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The specific limit set by the law \u2014 which has been raised 78 times since 1960 \u2014 is completely arbitrary and not linked to the scale of the economy.","seo":{"seo_title":"The Debt Ceiling is a Useless Way to Control U.S. Spending","seo_description":"The specific limit set by the law \u2014 which has been raised 78 times since 1960 \u2014 is completely arbitrary and not linked to the scale of the economy.","seo_keywords":"House speaker, John Boehner, debt ceiling, Treasury securities, GDP, government spending, economy, debt, U.S. spending, Treasury Department , national debt","seo_news_keywords":"House speaker, John Boehner, debt ceiling, Treasury securities, GDP, government spending, economy, debt, U.S. spending, Treasury Department , national debt","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/27\/debt-ceiling-useless-u-s-spending\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F27%2Fdebt-ceiling-useless-u-s-spending%2F","shortlink":"http:\/\/for.tn\/208qmyJ","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F208qmyJ","encoded_title":"The+debt+ceiling+is+a+useless+way+to+control+U.S.+spending","twitter_text":"The debt ceiling is a useless way to control U.S. spending","twitter_via":"FORTUNE","facebook_desc":"The specific limit set by the law \u2014 which has been raised 78 times since 1960 \u2014 is completely arbitrary and not linked to the scale of the economy.","facebook_title":"The Debt Ceiling is a Useless Way to Control U.S. Spending"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23900,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1390077-0","in-article-ad-1390077-1","in-article-ad-1390077-2"]},{"id":1389855,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/27\/boehner-gop-deal-debt-ceiling\/","title":"Boehner\u2019s swan song: an end to the fiscal cliffs","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003EThis article is published in partnership with \u003Ca href=\u0022http:\/\/time.com\/\u0022 target=\u0022_blank\u0022\u003ETime.com\u003C\/a\u003E. The original version can be found \u003Ca href=\u0022http:\/\/time.com\/4088214\/john-boehner-budget-deal\/\u0022 target=\u0022_blank\u0022\u003Ehere\u003C\/a\u003E. \u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBy Jay Newton-Small @JNSmall\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EHouse and Senate negotiators \u003Ca href=\u0022http:\/\/time.com\/4087443\/boehner-budget-house\/?xid=homepage\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003Ewere poised Monday night\u003C\/span\u003E\u003C\/a\u003E to come to an agreement to fund the government and raise the debt ceiling through the 2016 elections, effectively removing the final fiscal cliff from President Barack Obama\u2019s tenure.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003ECongressional leaders are aiming to pass the bill, which could be filed in the House as early as Monday night, through the lower chamber before \u003Ca href=\u0022http:\/\/time.com\/4084396\/paul-ryan-house-speaker-congress\/\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003EPaul Ryan in sworn in as the 62nd speaker\u003C\/span\u003E\u003C\/a\u003E on Thursday, thus clearing most of the controversial legislation pending before Congress through the election, or \u201ccleaning out the barns,\u201d as House Speaker John Boehner pledged to do before he retires at the end of the month.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EOn Monday night, as both chambers returned for votes in Washington, leaders briefed members about the bones of the deal. Republican senators left largely positive about the deal. \u201cThere was no orthopedist in the room,\u201d chuckled Sen. Johnny Isakson, a Georgia Republican. \u201cThere were no broken bones. Not even a sprain so far as I saw.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cspan class=\u0022s3\u0022\u003E\u003Cb\u003ERead more: \u003C\/b\u003E\u003Ca href=\u0022http:\/\/time.com\/4083989\/paul-ryan-speaker-challenges\/\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003EThe Four Biggest Challenges for Speaker Ryan\u003C\/span\u003E\u003C\/a\u003E\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EHouse Republicans were less impressed, especially the right-wing Freedom Caucus, a 40-member group who in the last month took down Boehner and his heir apparent Kevin McCarthy in their opposition to the establishment. \u201cYou\u2019ve got five people negotiating this thing,\u201d scoffed Rep. David Brat, a Virginia Tea Partier who unseated Majority Leader Eric Cantor in a primary last year. \u201cI thought Republicans had the House and the Senate, that\u2019s not clear to me from this deal.\u201d Freedom Caucus members emerging from Monday night\u2019s meeting called on incoming speaker Ryan to oppose the deal.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003ERyan, meanwhile, had little to say about the bill. His office referred inquiries to Boehner\u2019s office and noted that a final agreement had yet to be made. But it\u2019s hard to imagine Ryan moving to block what is essentially Boehner\u2019s parting gift to his successor.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe deal would clear the decks of controversial measures for both Ryan and the Republican presidential candidates, many of who have watched Boehner\u2019s abdication, and the downfall of McCarthy, roil the party at a time when it needs to begin uniting behind a platform and a candidate. It will give Ryan more than a year of breathing room to establish his own speakership and governing style.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe tentative agreement would mitigate the effects of the sequester\u2014across the board cuts to the Pentagon and entitlements enacted when Congress failed to resolve the 2011 fiscal cliff\u2014for fiscal year 2016 to the tune of $25 billion apiece for the Pentagon and entitlements and $15 billion each for fiscal year 2017.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002250\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4509045782001-50\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224509045782001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1NxHXt5\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dboehnerresigning%2Cfutureofwork%2Chousespeakerjohnboehner%2Cjohnboehner%2Cjohnboehnerresigning%2Cjohnboehnerresigns%26ch%3Dleadership%26topic%3Dfutureofwork\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIt would also add $16 billion in additional discretionary spending, also equally split, for each fiscal year. The $32 billion in additional funds, which will be deposited in the Pentagon\u2019s overseas contingency operations account\u2014essentially a giant petty cash fund\u2014would not be offset. Finally, it would mitigate projected cuts by 53% to Medicare Part B payments.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe bill would be partially offset, according to staff from both sides of the aisle, using spectrum sales, crop subsidy reforms, recalculating the formula for Social Security disability payments and by potentially adding a year to the back end of the sequester. But as it currently stands it would only be about 70% offset, something that will surely enrage fiscal conservatives. The rest would draw from deficit spending.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIn years past, this was usually the moment the deal would collapse: House and Senate negotiators would come to a bipartisan deal only to see it derailed by conservative opposition in the House. But this time, Boehner has nothing to lose if he breaks the so-called Hastert rule and passes the deal on the backs of Democratic votes. He will be gone from Congress by the end of the week. Boehner had always planned to pass the baton to McCarthy by the end of the year, but he moved that timeline up when he saw he could lose a confidence vote in his speakership.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003E\u201cJohn intended to get the two-year budget and the debt ceiling done before he left with his departure date at the end of the year and I think when he moved up his departure date he was in a much better position to put together what was going to be a tough vote for a lot of Republicans and take the blame for us,\u201d says Sen. Richard Burr, a North Carolina Republican and one of Boehner\u2019s closest friends. \u201cSo it shouldn\u2019t shock us that\u2019s who he is.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIn his 24 years in Congress, Boehner always wanted to be a dealmaker. From his first days in office, the only portrait he had hanging on his wall was one of the last speaker from Ohio, Nicholas Longworth, who famously held nightly bipartisan drinks with his Democratic counterpart, John Nance Garner, known as the \u201cBureau of Education.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EBut Boehner\u2019s Faustian bargain in 2010, empowering Tea Party candidates in order to take back the House, resulted in another kind of education altogether, one that proved politically fatal for the old-school, institutionalist Boehner. And so, having been forced from his perch by a group of unruly conservatives, punished for being too much like his idol Longworth in passing bipartisan compromises out of the House, Boehner is finally poised to do what he never could freely do as Speaker: pass important legislation\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIn doing so, he saves the GOP from a bruising intra-party battle\u2014or at least punts it to after the election when it would, theoretically, do less political damage.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EWhat will Boehner do when he\u2019s done committing political hari-kari?\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003E\u201cGo to Disneyland, I imagine!\u201d laughs Burr.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cdiv 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value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dgop%2Crepublicandebate%26ch%3Dleadership%26topic%3Drepublicandebate\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n","time":{"pretty":"October 27, 2015","published":"2015-10-27 05:41:37","updated":"2015-10-27 05:41:37","minute":"5:41 AM 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deal.\u003C\/p\u003E\n","authors":[{"id":"785968","url":"http:\/\/fortune.com\/author\/time-magazine\/","name":"TIME","twitter":"TIME","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/09\/picture_24.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022TIME guest author\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/09\/picture_24.png?w=150",150,150,true],"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the 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Party","slug":"republican-party","term_group":0,"term_taxonomy_id":110540,"taxonomy":"post_tag","description":"","parent":0,"count":35,"filter":"raw"},{"term_id":235409,"name":"U.S. Politics","slug":"u-s-politics","term_group":0,"term_taxonomy_id":110659,"taxonomy":"post_tag","description":"","parent":0,"count":79,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"U.S. Politics","slug":"u-s-politics","url":"http:\/\/fortune.com\/tag\/u-s-politics\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Boehner hopes to strike his final deal.","seo":{"seo_title":"Boehner\u2019s Swan Song: An End to the Fiscal Cliffs","seo_description":"House and Senate Republican negotiators are on the verge of agreeing a deal to fund the government and raise the debt ceiling through 2016.","seo_keywords":"John Boehner, GOP, debt ceiling, deal, budget, Paul Ryan, speaker","seo_news_keywords":"John Boehner, GOP, debt ceiling, deal, budget, Paul Ryan, 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To accomplish anything he had to not only do battle with Democrats, but also with the archconservative wing of his own party.\u003C\/p\u003E\n\u003Cp\u003EBut the internecine battles that Republicans have fought among themselves are not what irks now former Speaker Boehner as he leaves office this week. \u003Ca href=\u0022http:\/\/video.foxnews.com\/v\/4587347537001\/boehner-gives-emotional-exit-interview-to-fox-news\/?playlist_id=938973798001#sp=show-clips\u0022\u003EIn an exit interview with \u003Cem\u003EFox News\u003C\/em\u003E\u003C\/a\u003E, the Ohio Congressman said that his biggest regret was the collapse of the so-called \u0026#8220;grand bargain\u0026#8221; that was almost agreed upon between then Speaker Boehner and President Obama that would have raised revenue, cut discretionary and entitlement spending and put the U.S. government on a much stronger fiscal footing for the next twenty years. As Boehner tells it:\u003C\/p\u003E\n\u003Cblockquote\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EWe had an agreement. I sit in the oval office with the president, Eric Cantor and I. I shook hands with the President. The deal was done. Over 5 trillion dollars in deficit reduction. It would have meant tens of trillions of dollars over the next 20 years in terms of fixing our entitlement programs and getting us onto a much more solid foundation. I was shocked that the president walked away from he agreement. \u003C\/span\u003E\u003C\/p\u003E\n\u003C\/blockquote\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Ca href=\u0022http:\/\/www.nytimes.com\/2012\/04\/01\/magazine\/obama-vs-boehner-who-killed-the-debt-deal.html\u0022\u003EThe President and his allies argue\u003C\/a\u003E that it wasn\u0026#8217;t Obama who walked away from the deal, but that the deal collapsed because Boehner couldn\u0026#8217;t secure enough Republican votes to get it passed.\u003Cbr \/\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00229\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4585898832001-9\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224585898832001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1GPlmIS\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbencarson%2Ccarlyfiorina%2Cchrischristie%2Cdonaldtrump%2Cfacebook%2Cgopdebate%2Cjebbush%2Cjohnkasich%2Cmarcorubio%2Cmarkzuckerberg%2Cmikehuckabee%2Crandpaul%2Crepublicanpresidentialdebate%26ch%3Dleadership%26topic%3Dgopdebate\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n","time":{"pretty":"October 30, 2015","published":"2015-10-30 02:18:56","updated":"2015-10-30 02:18:56","minute":"2:18 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/30\/regret-boehner\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/30\/regret-boehner\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/30\/regret-boehner\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"This is ex-Speaker John Boehner\u2019s biggest regret","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-494820604.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Alex Wong \u2014 Getty Images","caption":"Outgoing U.S. Speaker of the House Rep. John Boehner, center, shakes hands with incoming Speaker of the House Rep. Paul Ryan, left.","attach_id":"1398971"},"excerpt":"\u003Cp\u003EIt still haunts him.\u003C\/p\u003E\n","authors":[{"id":"348221","url":"http:\/\/fortune.com\/author\/chris-matthews\/","name":"Chris Matthews","twitter":"crobmatthews","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/chris-matthews-7811.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Chris Matthews headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/chris-matthews-7811.jpg?quality=80\u0026w=150",150,150,true],"bio":"Chris Matthews is a writer at Fortune.com","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":4269,"name":"Finance","slug":"finance","term_group":0,"term_taxonomy_id":46730,"taxonomy":"category","description":"News and analysis on the business of finance, including hedge funds, markets, mergers and acquisitions, private equity, venture capital, and Wall Street.","parent":0,"count":13481,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10262,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":1924104,"name":"debt ceiling","slug":"debt-ceiling","term_group":0,"term_taxonomy_id":109912,"taxonomy":"post_tag","description":"","parent":0,"count":35,"filter":"raw"},{"term_id":68548,"name":"entitlements","slug":"entitlements","term_group":0,"term_taxonomy_id":153802,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":224422,"name":"government spending","slug":"government-spending","term_group":0,"term_taxonomy_id":122585,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"},{"term_id":1349443,"name":"grand bargain","slug":"grand-bargain","term_group":0,"term_taxonomy_id":153801,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":489607,"name":"John Boehner","slug":"john-boehner","term_group":0,"term_taxonomy_id":53646,"taxonomy":"post_tag","description":"","parent":0,"count":34,"filter":"raw"},{"term_id":1017372,"name":"Paul Ryan","slug":"paul-ryan","term_group":0,"term_taxonomy_id":109893,"taxonomy":"post_tag","description":"","parent":0,"count":14,"filter":"raw"},{"term_id":359173470,"name":"pubdesk","slug":"pubdesk","term_group":0,"term_taxonomy_id":131635,"taxonomy":"post_tag","description":"","parent":0,"count":2945,"filter":"raw"},{"term_id":34834,"name":"Republican","slug":"republican","term_group":0,"term_taxonomy_id":110997,"taxonomy":"post_tag","description":"","parent":0,"count":37,"filter":"raw"},{"term_id":134896,"name":"speaker","slug":"speaker","term_group":0,"term_taxonomy_id":147934,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"John Boehner","slug":"john-boehner","url":"http:\/\/fortune.com\/tag\/john-boehner\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It still haunts him.","seo":{"seo_title":"John Boehner\u0027s Biggest Regret: Collapse of the Grand Bargain","seo_description":"Boehner\u0027s biggest regret was the collapse of the \u0027grand bargain\u0027 agreed to with Obama that would have raised revenue and cut spending","seo_keywords":"John Boehner, speaker, Paul Ryan, republican, debt ceiling, grand bargain, government spending, entitlements","seo_news_keywords":"John Boehner, speaker, Paul Ryan, republican, debt ceiling, grand bargain, government spending, entitlements","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/30\/regret-boehner\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F30%2Fregret-boehner%2F","shortlink":"http:\/\/for.tn\/1GPlmIS","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1GPlmIS","encoded_title":"This+is+ex-Speaker+John+Boehner%E2%80%99s+biggest+regret","twitter_text":"This is ex-Speaker John Boehner\u2019s biggest regret","twitter_via":"FORTUNE","facebook_desc":"It still haunts him.","facebook_title":"This Is Ex-Speaker John Boehner\u2019s Biggest Regret"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23866,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1398953-0","in-article-ad-1398953-1","in-article-ad-1398953-2"]},{"id":1390077,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/27\/debt-ceiling-useless-u-s-spending\/","title":"The debt ceiling is a useless way to control U.S. spending","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe U.S. is once again on the precipice of default on its national debt \u2014 not because of a fundamental inability to generate and collect tax revenues (\u003Ci\u003Ea la\u003C\/i\u003E Greece), but because of political shenanigans over the country\u2019s \u003Cspan class=\u0022s2\u0022\u003Edebt ceiling\u003C\/span\u003E.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Treasury Department \u003Cspan class=\u0022s2\u0022\u003Eprojects\u003C\/span\u003E that after November 3, the federal government will not have enough cash on hand to pay its bills and obligations without borrowing in excess of the current federal debt limit, currently $18.1 trillion. If Congress does not act by then, the Treasury would have no option but to renege on its promises, an action that could have serious consequences for the nation\u2019s economy \u2014 and well beyond.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIt\u2019s uncertain if we\u2019ll see more political shenanigans this week \u2014 such as the \u003Cspan class=\u0022s2\u0022\u003Eattachment of amendments\u003C\/span\u003E that may pose a problem for quick passage \u2014 as Congress considers whether and how much to raise the debt ceiling. The \u003Cspan class=\u0022s2\u0022\u003Elatest reports\u003C\/span\u003E suggest House Speaker John Boehner and the White House are negotiating a two-year deal that would suspend the debt ceiling until 2017.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThat would be a welcome development, but going through this dangerous drama every year or two (or multiple times in a single year) begs an important question: Why have such a limit when the spending it seeks to constrain has already been approved by Congress, and when the consequences of not raising it could be so dire?\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p11\u0022\u003E\u003Cstrong\u003E\u003Cspan class=\u0022s1\u0022\u003EOrigins of the debt ceiling\u003C\/span\u003E\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EFirst, a quick primer on government finance. When annual outlays (spending and transfers) exceed tax revenues, the government runs a \u003Cspan class=\u0022s2\u0022\u003Ebudget deficit\u003C\/span\u003E and must then borrow funds to make up the difference. The government does so by selling Treasury securities to the public in exchange for cash.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003ETreasury securities are debt instruments, which are, essentially, promises to repay the face value (the dollar amount borrowed) plus interest at an agreed-upon date. These securities are ultimately backed by the Treasury\u2019s ability to collect future taxes to cover these payments. The \u003Cspan class=\u0022s2\u0022\u003Etotal face value\u003C\/span\u003E of the federal government\u2019s outstanding debt \u2014 the amount it currently owes its bond-holding creditors \u2014 is equal to the accumulation of all past annual deficits.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe statutory ceiling on U.S. debt places a legal upper bound on the size of this outstanding debt \u2014 that is, on how much the federal government can borrow.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe ceiling has been around since 1917, when Congress adopted it to strengthen the legislative branch\u2019s control over spending and taxes, then primarily determined by the president. Besides the U.S., \u003Cspan class=\u0022s2\u0022\u003Eonly Denmark\u003C\/span\u003E has a statutory debt limit (although in Denmark the limit is much less amenable to political mischief than here).\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p11\u0022\u003E\u003Cstrong\u003E\u003Cspan class=\u0022s1\u0022\u003EThe ceiling\u2019s weak rationale\u003C\/span\u003E\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe economic arguments for having a debt ceiling are exceedingly weak.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EFirst, the original rationale for the statute \u2014 to provide a better balance of power between lawmakers and the president over who controls fiscal policy \u2014 is obsolete. The \u003Ca href=\u0022http:\/\/www.gpo.gov\/fdsys\/pkg\/GPO-RIDDICK-1992\/pdf\/GPO-RIDDICK-1992-34.pdf\u0022 target=\u0022_blank\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003ECongressional Budget Act of 1974\u003C\/span\u003E\u003C\/a\u003E now specifically lays out procedures for how Congress is to participate in the annual budget process. The ceiling is, at best, redundant in light of its initial purpose.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003ESecond, the specific limit set by the law \u2014 \u003Ca href=\u0022http:\/\/www.theatlantic.com\/business\/archive\/2011\/04\/the-us-debt-ceiling-a-historical-look\/238061\/\u0022 target=\u0022_blank\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003Einitially\u003C\/span\u003E\u003C\/a\u003E around $12 billion and now at its current level after having been raised 78 times since 1960 \u2014 is completely arbitrary and not linked in any meaningful way to the scale of the economy.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EWere a debt limit deemed to be a useful policy tool, the limit would need to account for inflation. Otherwise, generally rising prices, even at current low inflation rates, would eventually push nominal borrowing beyond the fixed limit anyway, even if there were no changes in real (inflation-adjusted) spending and borrowing.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EOne option would be to index the nominal limit to a measure of inflation, like changes in the consumer price index. Another would be to impose the limit on debt as a proportion of the nation\u2019s total output. The latter alternative would at least have the advantage of tying the ceiling to the resources available for paying off the debt.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThird, even if we grant the one potentially sound argument for maintaining a limit \u2014 that it disciplines fiscal policy \u2014 there are better ways to achieve this goal.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe current setup is completely divorced from the annual budget process, and is thus inefficient and inconsistent. And the \u003Cspan class=\u0022s2\u0022\u003Econsequences\u003C\/span\u003E of not raising the limit are extreme and potentially harmful to the overall economy.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIndeed, the mere \u003Ci\u003Eanticipation\u003C\/i\u003E of government default heightens uncertainty, damages the government\u2019s reputation and authority and increases borrowing costs (ultimately borne by taxpayers). For example, a major scare over raising the ceiling in 2011 led to the loss of the national government\u2019s AAA credit rating at Standard \u0026amp; Poor\u2019s, which \u003Cspan class=\u0022s2\u0022\u003Eblamed\u003C\/span\u003E political brinkmanship over both the ceiling and broader debt debate for the downgrade.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EAnd given the importance of U.S. debt as an international financial asset, a U.S. default could lead to yet another global financial crisis, among other unintended consequences.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p11\u0022\u003E\u003Cstrong\u003E\u003Cspan class=\u0022s1\u0022\u003EA better way to control spending\u003C\/span\u003E\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EHere is a better way to limit the role of federal in the economy and promote fiscal discipline: Rescind the current debt ceiling but impose a statutory limit on the annual outlays of the federal government as a proportion of the nation\u2019s income.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003ESuch a ceiling would discipline federal spending through the established annual budget process. It would force the American people, through their political representatives, to determine how much of the nation\u2019s productive capacity should be controlled by the federal government, and how those limited resources should be allocated across alternative uses.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EAnd a ceiling on outlays is better than a ceiling on the debt-to-GDP ratio or even a balanced budget amendment, since neither of those alternatives necessarily limits the overall size of the government sector. I don\u2019t consider a country in which the government always has a balanced budget \u2014 but that controls, say, 50% of the nation\u2019s GDP \u2014 a country with a lot of federal fiscal discipline.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EYes, there are always the opportunities for political mischief, and a ceiling on spending might have its own unintended consequences. There are surely many beneficial refinements to consider, such as a spending limit that varies with the state of the business cycle (rising during recessions and falling with expansions).\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EBut I would predict that such a plan would rein in spending and limit the government\u2019s role in the economy more effectively, with less uncertainty and fewer harmful side effects, than the ill-advised, counterproductive and unnecessary debt ceiling we now have.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022https:\/\/theconversation.com\/profiles\/william-d-lastrapes-159364\u0022 target=\u0022_blank\u0022\u003EWilliam D. Lastrapes\u003C\/a\u003E is a professor of economics in the Terry College of Business at the University of Georgia. This piece was originally published on \u003Ca href=\u0022https:\/\/theconversation.com\/explainer-whats-the-debt-ceiling-and-why-its-an-obsolete-way-to-control-spending-49633?utm_medium=email\u0026amp;utm_campaign=Latest+from+The+Conversation+for+October+27+2015+-+3708\u0026amp;utm_content=Latest+from+The+Conversation+for+October+27+2015+-+3708+CID_c85eab2bc53defbf3af2f4c0b252cd6e\u0026amp;utm_source=campaign_monitor_us\u0026amp;utm_term=Explainer%20whats%20the%20debt%20ceiling%20and%20why%20its%20an%20obsolete%20way%20to%20control%20spending\u0022 target=\u0022_blank\u0022\u003EThe Conversation\u003C\/a\u003E.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u003Cimg src=\u0022https:\/\/counter.theconversation.edu.au\/content\/49633\/count.gif\u0022 alt=\u0022The Conversation\u0022 width=\u00221\u0022 height=\u00221\u0022 \/\u003E\u003C\/p\u003E\n","time":{"pretty":"October 27, 2015","published":"2015-10-27 09:59:07","updated":"2015-10-27 09:59:07","minute":"9:59 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/27\/debt-ceiling-useless-u-s-spending\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/27\/debt-ceiling-useless-u-s-spending\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/27\/debt-ceiling-useless-u-s-spending\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The debt ceiling is a useless way to control U.S. spending","post_type":"post","featured_type":"image","featured_image":{"src":"http:\/\/i2.wp.com\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-494361406.jpg?crop=0px%2C0px%2C3000px%2C1731px\u0026resize=840%2C485\u0026quality=80\u0026strip","class":"featured-img-article_full","credit":"Photograph by Chip Somodevilla \u2014 Getty Images","caption":"WASHINGTON, DC - OCTOBER 26:  Speaker of the House John Boehner (R-OH) (2nd R) tells reporters that he is \u0026quot;cleaning out the barn, cleaning out the barn,\u0026quot; as he heads to a GOP conference meeting at the begining of his last week in the House of Representatives October 26, 2015 in Washington, DC. The White House and Boehner may be nearing a two-year budget deal that would avert another government shutdown, increase defense and defense spending by $80 billion and extend the debt limit through to March 2017, clearing it away until after the 2016 elections. (Photo by Chip Somodevilla\/Getty Images)","attach_id":"1390169"},"excerpt":"\u003Cp\u003EThe specific limit set by the law \u2014 which has been raised 78 times since 1960 \u2014 is completely arbitrary and not linked to the scale of the economy.\u003C\/p\u003E\n","authors":[{"id":"1390123","url":"http:\/\/fortune.com\/author\/william-d-lastrapes\/","name":"William D. Lastrapes","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1202,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1319,"filter":"raw"},{"term_id":1924104,"name":"debt ceiling","slug":"debt-ceiling","term_group":0,"term_taxonomy_id":109912,"taxonomy":"post_tag","description":"","parent":0,"count":35,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"debt ceiling","slug":"debt-ceiling","url":"http:\/\/fortune.com\/tag\/debt-ceiling\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The specific limit set by the law \u2014 which has been raised 78 times since 1960 \u2014 is completely arbitrary and not linked to the scale of the economy.","seo":{"seo_title":"The Debt Ceiling is a Useless Way to Control U.S. Spending","seo_description":"The specific limit set by the law \u2014 which has been raised 78 times since 1960 \u2014 is completely arbitrary and not linked to the scale of the economy.","seo_keywords":"House speaker, John Boehner, debt ceiling, Treasury securities, GDP, government spending, economy, debt, U.S. spending, Treasury Department , national debt","seo_news_keywords":"House speaker, John Boehner, debt ceiling, Treasury securities, GDP, government spending, economy, debt, U.S. spending, Treasury Department , national debt","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/27\/debt-ceiling-useless-u-s-spending\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F27%2Fdebt-ceiling-useless-u-s-spending%2F","shortlink":"http:\/\/for.tn\/208qmyJ","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F208qmyJ","encoded_title":"The+debt+ceiling+is+a+useless+way+to+control+U.S.+spending","twitter_text":"The debt ceiling is a useless way to control U.S. spending","twitter_via":"FORTUNE","facebook_desc":"The specific limit set by the law \u2014 which has been raised 78 times since 1960 \u2014 is completely arbitrary and not linked to the scale of the economy.","facebook_title":"The Debt Ceiling is a Useless Way to Control U.S. Spending"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23890,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1390077-0","in-article-ad-1390077-1","in-article-ad-1390077-2"]},{"id":1389855,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/27\/boehner-gop-deal-debt-ceiling\/","title":"Boehner\u2019s swan song: an end to the fiscal cliffs","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003EThis article is published in partnership with \u003Ca href=\u0022http:\/\/time.com\/\u0022 target=\u0022_blank\u0022\u003ETime.com\u003C\/a\u003E. The original version can be found \u003Ca href=\u0022http:\/\/time.com\/4088214\/john-boehner-budget-deal\/\u0022 target=\u0022_blank\u0022\u003Ehere\u003C\/a\u003E. \u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBy Jay Newton-Small @JNSmall\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EHouse and Senate negotiators \u003Ca href=\u0022http:\/\/time.com\/4087443\/boehner-budget-house\/?xid=homepage\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003Ewere poised Monday night\u003C\/span\u003E\u003C\/a\u003E to come to an agreement to fund the government and raise the debt ceiling through the 2016 elections, effectively removing the final fiscal cliff from President Barack Obama\u2019s tenure.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003ECongressional leaders are aiming to pass the bill, which could be filed in the House as early as Monday night, through the lower chamber before \u003Ca href=\u0022http:\/\/time.com\/4084396\/paul-ryan-house-speaker-congress\/\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003EPaul Ryan in sworn in as the 62nd speaker\u003C\/span\u003E\u003C\/a\u003E on Thursday, thus clearing most of the controversial legislation pending before Congress through the election, or \u201ccleaning out the barns,\u201d as House Speaker John Boehner pledged to do before he retires at the end of the month.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EOn Monday night, as both chambers returned for votes in Washington, leaders briefed members about the bones of the deal. Republican senators left largely positive about the deal. \u201cThere was no orthopedist in the room,\u201d chuckled Sen. Johnny Isakson, a Georgia Republican. \u201cThere were no broken bones. Not even a sprain so far as I saw.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cspan class=\u0022s3\u0022\u003E\u003Cb\u003ERead more: \u003C\/b\u003E\u003Ca href=\u0022http:\/\/time.com\/4083989\/paul-ryan-speaker-challenges\/\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003EThe Four Biggest Challenges for Speaker Ryan\u003C\/span\u003E\u003C\/a\u003E\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EHouse Republicans were less impressed, especially the right-wing Freedom Caucus, a 40-member group who in the last month took down Boehner and his heir apparent Kevin McCarthy in their opposition to the establishment. \u201cYou\u2019ve got five people negotiating this thing,\u201d scoffed Rep. David Brat, a Virginia Tea Partier who unseated Majority Leader Eric Cantor in a primary last year. \u201cI thought Republicans had the House and the Senate, that\u2019s not clear to me from this deal.\u201d Freedom Caucus members emerging from Monday night\u2019s meeting called on incoming speaker Ryan to oppose the deal.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003ERyan, meanwhile, had little to say about the bill. His office referred inquiries to Boehner\u2019s office and noted that a final agreement had yet to be made. But it\u2019s hard to imagine Ryan moving to block what is essentially Boehner\u2019s parting gift to his successor.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe deal would clear the decks of controversial measures for both Ryan and the Republican presidential candidates, many of who have watched Boehner\u2019s abdication, and the downfall of McCarthy, roil the party at a time when it needs to begin uniting behind a platform and a candidate. It will give Ryan more than a year of breathing room to establish his own speakership and governing style.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe tentative agreement would mitigate the effects of the sequester\u2014across the board cuts to the Pentagon and entitlements enacted when Congress failed to resolve the 2011 fiscal cliff\u2014for fiscal year 2016 to the tune of $25 billion apiece for the Pentagon and entitlements and $15 billion each for fiscal year 2017.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002210\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4509045782001-10\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224509045782001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1NxHXt5\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dboehnerresigning%2Cfutureofwork%2Chousespeakerjohnboehner%2Cjohnboehner%2Cjohnboehnerresigning%2Cjohnboehnerresigns%26ch%3Dleadership%26topic%3Dfutureofwork\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIt would also add $16 billion in additional discretionary spending, also equally split, for each fiscal year. The $32 billion in additional funds, which will be deposited in the Pentagon\u2019s overseas contingency operations account\u2014essentially a giant petty cash fund\u2014would not be offset. Finally, it would mitigate projected cuts by 53% to Medicare Part B payments.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EThe bill would be partially offset, according to staff from both sides of the aisle, using spectrum sales, crop subsidy reforms, recalculating the formula for Social Security disability payments and by potentially adding a year to the back end of the sequester. But as it currently stands it would only be about 70% offset, something that will surely enrage fiscal conservatives. The rest would draw from deficit spending.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIn years past, this was usually the moment the deal would collapse: House and Senate negotiators would come to a bipartisan deal only to see it derailed by conservative opposition in the House. But this time, Boehner has nothing to lose if he breaks the so-called Hastert rule and passes the deal on the backs of Democratic votes. He will be gone from Congress by the end of the week. Boehner had always planned to pass the baton to McCarthy by the end of the year, but he moved that timeline up when he saw he could lose a confidence vote in his speakership.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003E\u201cJohn intended to get the two-year budget and the debt ceiling done before he left with his departure date at the end of the year and I think when he moved up his departure date he was in a much better position to put together what was going to be a tough vote for a lot of Republicans and take the blame for us,\u201d says Sen. Richard Burr, a North Carolina Republican and one of Boehner\u2019s closest friends. \u201cSo it shouldn\u2019t shock us that\u2019s who he is.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIn his 24 years in Congress, Boehner always wanted to be a dealmaker. From his first days in office, the only portrait he had hanging on his wall was one of the last speaker from Ohio, Nicholas Longworth, who famously held nightly bipartisan drinks with his Democratic counterpart, John Nance Garner, known as the \u201cBureau of Education.\u201d\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EBut Boehner\u2019s Faustian bargain in 2010, empowering Tea Party candidates in order to take back the House, resulted in another kind of education altogether, one that proved politically fatal for the old-school, institutionalist Boehner. And so, having been forced from his perch by a group of unruly conservatives, punished for being too much like his idol Longworth in passing bipartisan compromises out of the House, Boehner is finally poised to do what he never could freely do as Speaker: pass important legislation\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EIn doing so, he saves the GOP from a bruising intra-party battle\u2014or at least punts it to after the election when it would, theoretically, do less political damage.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EWhat will Boehner do when he\u2019s done committing political hari-kari?\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003E\u201cGo to Disneyland, I imagine!\u201d laughs Burr.\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cdiv 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value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/leadership_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dgop%2Crepublicandebate%26ch%3Dleadership%26topic%3Drepublicandebate\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\u003C\/p\u003E\n","time":{"pretty":"October 27, 2015","published":"2015-10-27 05:41:37","updated":"2015-10-27 05:41:37","minute":"5:41 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/27\/boehner-gop-deal-debt-ceiling\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/27\/boehner-gop-deal-debt-ceiling\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/27\/boehner-gop-deal-debt-ceiling\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Boehner\u2019s swan song: an end to the fiscal cliffs","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/09\/boehner-retirement.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Chip Somodevilla Getty Images","caption":"Can I go now?","attach_id":"1331979"},"excerpt":"\u003Cp\u003EBoehner hopes to strike his final deal.\u003C\/p\u003E\n","authors":[{"id":"785968","url":"http:\/\/fortune.com\/author\/time-magazine\/","name":"TIME","twitter":"TIME","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/09\/picture_24.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022TIME guest author\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/09\/picture_24.png?w=150",150,150,true],"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":"0","term_taxonomy_id":"46727","taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the 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Party","slug":"republican-party","term_group":"0","term_taxonomy_id":"110540","taxonomy":"post_tag","description":"","parent":"0","count":"35"},{"term_id":235409,"name":"U.S. Politics","slug":"u-s-politics","term_group":"0","term_taxonomy_id":"110659","taxonomy":"post_tag","description":"","parent":"0","count":"79"}],"has_commentary_tag":false,"primary_tag":{"name":"U.S. Politics","slug":"u-s-politics","url":"http:\/\/fortune.com\/tag\/u-s-politics\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Boehner hopes to strike his final deal.","seo":{"seo_title":"Boehner\u2019s Swan Song: An End to the Fiscal Cliffs","seo_description":"House and Senate Republican negotiators are on the verge of agreeing a deal to fund the government and raise the debt ceiling through 2016.","seo_keywords":"John Boehner, GOP, debt ceiling, deal, budget, Paul Ryan, speaker","seo_news_keywords":"John Boehner, GOP, debt ceiling, deal, budget, Paul Ryan, 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Cliffs"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23872,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1389855-0","in-article-ad-1389855-1","in-article-ad-1389855-2"]}]},"id":1403396,"ad":{"type":"ad"},"button_ads":true},"in_article_ad_id":["in-article-ad-1403396-0","in-article-ad-1403396-1"]},{"id":1402839,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/museum-kids-into-stem\/","title":"How This Female Biotech Entrepreneur is Getting Kids to \u0022Fall in Love\u0022 With STEM","content":"\u003Cp\u003EWant to get a fifth grader excited about a career in engineering? Have her call a friend with a banana phone, light up a \u0026#8220;cell phone disco\u0026#8221; by sending a text, or make it rain by holding her hand over a topographical sand box.\u003C\/p\u003E\n\u003Cp\u003EThis is the basic idea behind the new Hill Country Science Mill, which opened in February of this year in a renovated 1880s gristmill in Johnson City, Texas. It\u0026#8217;s the brainchild of Bonnie Baskin, founder and former CEO of two successful biotech companies. In her retirement, Baskin has turned her attention to inspiring kids to pursue careers in STEM, as well as supporting women entrepreneurs.\u003C\/p\u003E\n\u003Cp\u003EIn 1981, Baskin was a single mom with a Ph.D. in microbiology. \u003Ca href=\u0022http:\/\/www.huffingtonpost.com\/robert-jordan\/women-are-wired-to-be-bet_b_974549.html\u0022\u003EShe quit her job\u003C\/a\u003E in a university lab because her employer wouldn\u2019t accommodate a flexible work schedule she needed to raise two kids. She then started ViroMed, a virus testing service that she built into the leading clinical lab in the country and sold nearly twenty years later for $40 million. \u003Ca href=\u0022round-two\u0022\u003ENext she formed AppTec\u003C\/a\u003E, a testing and medical manufacturing company she sold six years later for $163 million.\u003C\/p\u003E\n\u003Cp\u003EAfter retiring to Johnson City, Baskin and her husband Robert P. Elde, a neuroscientist, got the idea to transform the abandoned mill in the center of town to a cutting edge tech-based laboratory for kids. \u201cWe\u2019d been lamenting that when we were young, there was no greater aspiration than to be a scientist, \u0026#8220;she says. \u0026#8220;But we live in a disposable world \u2013 kids don\u2019t take things apart any more. And you fall in love with science by doing it, not reading it.\u201d\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002252\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4556209404001-52\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224556209404001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1OiRMyf\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/mpw_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dfortune%2Cfortuneconferences%2Cmegansmith%2Cmichallevram%2Cmostpowerfulwomen%2Cmostpowerfulwomen2015%2Cmostpowerfulwomensummit%2Cmpw%2Cuschieftechnologyofficer%2Cuschieftechnologyofficermegansmith%2Cunitedstatescto%2Cunitedstatesctomegansmith%2Cursulaburns%2Cwhitehouse%2Cwhitehousechieftechnologyofficermegansmith%2Cwhitehousemegansmith%2Cxerox%2Cxeroxceo%2Cxeroxceoursulaburns%2Cyoutube%26ch%3Dmpw%26topic%3Dmostpowerfulwomen\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EThey bought the mill and renovated it over the next year, while searching the globe for the best exhibits. Baskin also commissioned original installations from artists as far away as Slovenia, and alums of the MIT Media lab who created \u003Ca href=\u0022http:\/\/www.sciencemill.org\/exhibit\u0022\u003Einteractive displays\u003C\/a\u003E that allow you to create chemical reactions, unlock genetic codes and balance the energy grid.\u003C\/p\u003E\n\u003Cp\u003E\u201cI know how important it is to get a technical workforce and get diversity in the workforce,\u201d says Baskin. Children\u2019s science museums aren\u2019t a new idea, but the Science Mill takes some novel approaches to get kids interested in STEM careers:\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ETargeting pre-teens\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EGearing the exhibits to middle school-ers was something Baskin was insistent about. \u201cMost science museums are aimed at younger children. But it\u2019s middle schools where we lose our kids\u2014especially girls.\u201d\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ELocation, location, location\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ELocated an hour\u2019s drive from both Austin and San Antonio, the Mill serves these urban areas, as well as the surrounding 5 rural counties. (On the day \u003Cem\u003EFortune\u003C\/em\u003E visited, there were 80 4\u003Csup\u003Eth\u003C\/sup\u003E graders from Kinsgland, about 40 minutes away.) All of the exhibits are in English and Spanish. Since the Science Mill opened in February 2015, it\u0026#8217;s welcomed 23,000 guests.\u003C\/p\u003E\n\u003Cp\u003E\u201cMany of these kids are minorities, first generation, low-income kids who have no introduction or exposure to experiencing science or even understanding what the opportunities are,\u201d says Baskin. \u201cI did a bit of a market analysis beforehand and talked to kids in the rural areas. So many of them thought being a scientist meant being a doctor or nurse or veterinarian.\u201d Baskin was determined to introduce them to the world of careers in science and to help them recognize they could do these jobs.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ECreating the spark\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe museum uses art (STEAM, not just STEM) to get kids excited. (One of the six silos houses a \u201cFractalarium\u201d \u2013 a mesmerizing room of crystals shaped like a Romanesco broccoli, that illustrates the Fibonacci growth sequence). They also use technology to \u201cmake the invisible visible,\u0026#8221; for instance, in \u201cMindball\u201d kids wear headbands and sit at opposite sides of a table to see who can relax more, as they attempt to move a rubber ball by slowing down their brain waves.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EFanning a spark into a career\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EBaskin believes many science museums excite kids, but they fall short in transforming that excitement into a career.\u003C\/p\u003E\n\u003Cp\u003EAt the Mill, kids customize a 3-D avatar that serves as their guide. By waving their guest pass at interactive kiosks, they trigger explanations and can \u201cfavorite\u201d the exhibitions they like and log on later at home to the Explorer\u2019s Zone to learn more about the science and watch videos about jobs that relate to the exhibits.\u003C\/p\u003E\n\u003Cp\u003EBaskin and her team have plans to keep kids engaged after they leave including live chats, support for teachers to provide more information and longer programs, like an award-winning rocketry camp they ran over the summer.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EGender and STEM\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EBaskin is passionate about supporting women in business, sitting on the boards of many women-owned or -run companies. \u003Ca href=\u0022http:\/\/www.huffingtonpost.com\/robert-jordan\/women-are-wired-to-be-bet_b_974549.html\u0022\u003EShe has been quoted\u003C\/a\u003E saying that women are genetically superior entrepreneurs. \u201cWe are hard wired to be taking care of things and looking at details, to be focused on customer service\u2026.all the things we learn to do as girls and women and mothers,\u201d she says.\u003C\/p\u003E\n\u003Cp\u003EBut her approach to STEM is gender neutral. None of the Science Mill programs single out girls because \u201cthe world is co-ed, especially in science. There aren\u2019t going to be female-only labs. So you better get used to it.\u201d\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003ESubscribe to \u003Ca href=\u0022http:\/\/fortune.com\/getbroadsheet\/\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003EThe Broadsheet\u003C\/span\u003E\u003C\/a\u003E, Fortune\u2019s daily newsletter on the world\u2019s most powerful women.\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 01:55:26","updated":"2015-11-02 01:55:26","minute":"1:55 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/museum-kids-into-stem\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/museum-kids-into-stem\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/museum-kids-into-stem\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"How This Biotech Entrepreneur Gets Kids to \u0022Fall in Love\u0022 With STEM","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/bonnie-3.jpg?quality=80\u0026w=407","class":"featured-img-article_portrait","credit":"Courtesy of Kevin Tully\/A Smith Gallery","caption":"Bonnie Baskin at the Hill Country Science Mill ","attach_id":"1403420"},"excerpt":"\u003Cp\u003EKids fall for science by doing it, not reading about it, says Bonnie Baskin.\u003C\/p\u003E\n","authors":[{"id":"1194197","url":"http:\/\/fortune.com\/author\/marin-gazzaniga\/","name":"Marin Gazzaniga","twitter":"mgazz","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2116,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":38416221,"name":"STEM","slug":"stem-2","term_group":0,"term_taxonomy_id":58219,"taxonomy":"post_tag","description":"","parent":0,"count":30,"filter":"raw"},{"term_id":12282115,"name":"women in stem","slug":"women-in-stem","term_group":0,"term_taxonomy_id":118753,"taxonomy":"post_tag","description":"","parent":0,"count":11,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"women in stem","slug":"women-in-stem","url":"http:\/\/fortune.com\/tag\/women-in-stem\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Kids fall for science by doing it, not reading about it, says Bonnie Baskin.","seo":{"seo_title":"This female biotech entrepreneur built a museum to get kids into STEM","seo_description":"Hill Country Science Mill is dedicated to convincing kids of all genders and ethnicities to consider a career in STEM","seo_keywords":"Hill Country Science Mill, Bonnie Baskin, children\u0027s science museums, careers in STEM, getting kids into STEM, getting girls into STEM, Johnson City Texas","seo_news_keywords":"Hill Country Science Mill, Bonnie Baskin, children\u0027s science museums, careers in STEM, getting kids into STEM, getting girls into STEM, Johnson City Texas","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/museum-kids-into-stem\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fmuseum-kids-into-stem%2F","shortlink":"http:\/\/for.tn\/1OiRMyf","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1OiRMyf","encoded_title":"How+This+Female+Biotech+Entrepreneur+is+Getting+Kids+to+%E2%80%9CFall+in+Love%E2%80%9D+With+STEM","twitter_text":"How this female biotech entrepreneur is getting kids to \u0022fall in love\u0022 With STEM","twitter_via":"FORTUNE","facebook_desc":"Hill Country Science Mill is dedicated to convincing kids of all genders and ethnicities to consider a career in STEM","facebook_title":"This female biotech entrepreneur built a museum to get kids into STEM"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23901,"filter":"raw"},"related_posts":[{"id":1301911,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/09\/12\/first-woman-of-color-in-space\/","title":"Meet the first woman of color to go to space","content":"\u003Cp\u003EExactly 23 years ago, on Sept. 12, 1992, Mae C. Jemison boarded the Endeavor shuttle and \u003Ca href=\u0022http:\/\/www.nasa.gov\/mission_pages\/shuttle\/shuttlemissions\/archives\/sts-47.html\u0022\u003Eshot into space\u003C\/a\u003E, becoming the first woman of color to make the trip.\u003C\/p\u003E\n\u003Cp\u003EBut NASA astronaut is only one of the many titles Jemison has held in her long and impressive career. She\u2019s also been, in no particular order, a physician, a Peace Corps medical officer, an entrepreneur and an environmental studies professor. These days, her main gig is leading \u003Ca href=\u0022http:\/\/100yss.org\/\u0022\u003E100 Year Starship\u003C\/a\u003E\u2014a Defense Advanced Research Projects Agency (DARPA) and NASA-seeded initiative to enable humans to travel to another star by 2112.\u003C\/p\u003E\n\u003Cp\u003EWhere does that kind of drive come from? Jemison credits her parents, saying, \u201cthey would put up with all of my experiments\u201d\u2014including one in high school that filled their house with large vats of goldfish, water, and varying levels of the hormone thyroxine (the family\u0026#8217;s cats were intent on scooping out the fish).\u003C\/p\u003E\n\u003Cp\u003EShe also remembers sitting at the front of her school classrooms, hand perpetually in the air to ask or answer a question. That curiosity never left, and now she\u2019s working to spark it in others as Bayer Corporation USA\u2019s national science literacy advocate and champion of the \u003Ca href=\u0022http:\/\/www.makingsciencemakesense.com\/\u0022\u003EMaking Science Make Sense\u003C\/a\u003E (MSMS) initiative to advance science literacy.\u003C\/p\u003E\n\u003Cp\u003E\u201cJust think about what\u2019s happened,\u201d she says. \u201cWe\u2019ve mapped the human genome. The internet is everywhere. We even have commercial spacecraft going to the space station. I think that shows exactly how much science, technology, engineering and mathematics are critical to our society moving forward, and how science literacy is necessary for everyone.\u201d\u003C\/p\u003E\n\u003Cp\u003EJemison spoke with \u003Cem\u003EFortune\u003C\/em\u003E about what it\u0026#8217;s like to be a woman of color in STEM, what Bayer discovered in its new \u003Ca href=\u0022http:\/\/www.msms.bayer.us\/msms\/MSMS_Education_Resources_Activities\/ResourcesSTP\/Survey\/Assets\/Bayer_Facts_16_Exec_Summary2015.pdf\u0022\u003EFacts of Science Education survey\u003C\/a\u003E, and why she\u0026#8217;d be first in line for a flight to Mars. This interview has been edited and condensed for clarity.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EFortune: What did the Bayer survey find about girls\u2019 and minorities\u2019 interest in science?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EMae C. Jemison: It found that parents and teachers both wanted schools and parents to take responsibility for minority students and girls doing well in science, which is really great. They recognize that kids live up or down to the expectations of those adults who are around them most.\u003C\/p\u003E\n\u003Cp\u003EI would do a caveat on that, though. You can put it beyond that. If you start seeing more girls doing science, if you see more under-represented minorities involved in science\u2014on a [TV] program for instance\u2014then [kids] will feel more comfortable with being involved, because society sort of validates it.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EThe survey also found that 85% of teachers say female students are just as interested in science education as their male counterparts. That sounds good, but then you realize\u201415% of teachers don\u2019t think that way?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe fact that 85% of teachers say that is really wonderful. It means we\u2019ve been doing some work. I would bet, even though we don\u2019t have that number, it would have been lower a number of years ago. People say girls don\u2019t like science, and a community of people accept that. But we know it\u2019s not true. So I\u2019m really thrilled that teachers believe that\u2019s so and that parents do too.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ESo if the support is there, why aren\u2019t more of these girls winding up in STEM careers?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EWhen you think about it, all kids are excited about science and technology. Surveys over the years have shown that girls do as well as or better than boys in math and science all the way through high school. But in a survey Bayer did with women and minority members of the American Chemical Society, 40% said that they were discouraged by a college professor. Remember, these are the people who made it through. These are the chemists and chemical engineers.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhat was your own experience like as a young girl interested in science?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EI remember in kindergarten, my teacher said, \u0026#8220;What do you want to be when you grow up?\u0026#8221; I had my hand up. I said I wanted to be a scientist. She said, \u0026#8220;Don\u2019t you mean a nurse,\u0026#8221; because she was trying to help me understand what I could be as a young African-American girl in the 60s. I was like, no, I mean a scientist. I was very indignant about it all too.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EHow had you settled on scientist by then?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EBecause I chose my parents well. We were always doing things around science. Neither of my parents were what people call a professional scientist. But I think they were the best scientists in the world because they would always ask me and my sister and brother to understand why something happens, to think it through. They also would help us with science experiments. I was the youngest, so I went through all my brother and sister\u2019s science experiments.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EYou started Stanford at 16. What was that like?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EI think it was the best school I could have gone to in terms of acceptance in science because I had a wide range of professors. But some of my professors were really thrilled to have me involved and some were not so thrilled to see me in their classroom. It sort of shows that experience is somewhat universal. I think it\u2019s getting better though.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhen you had one of those not-so-thrilled professors, what did that look like?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThey just weren\u2019t as warm to me. I remember one professor who would look at me when I would ask a question as though it was not a very bright question, and then maybe a white male down the way would ask the same question and he\u2019d tell him, \u0026#8220;That\u2019s an astute observation.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EIn school, I was always one of those little kids up at the front of the classroom raising my hand. I was used to having very good interactions with teachers and adults. Eventually you sort of lose your energy for sitting in the front of the room. But I didn\u2019t leave. I stuck in there.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhat helped you do that?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EPart of it is I had summer jobs that were sponsored by Bell Laboratories. You get this reinforcement, and that\u2019s the kind of role that companies and corporations can play. They can provide internships. They can provide scholarships. They can support the teachers in the classrooms.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhat about companies attracting women and minorities for STEM jobs? How can they do a better job with that?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EFirst of all, you have to value it. Companies have to understand that what they do in their workplace makes a difference, and that there\u2019s a lot of talent we\u2019re missing. The interesting thing is that as you change the environment so that it nurtures women and under-represented minorities, it also nurtures white males and gets more of them to stay in the field. That\u2019s the little-known thing.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhy is that?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EIf you looked at some of the professors in the STEM departments, they said the students couldn\u2019t cut it. \u0026#8220;We\u2019re weeding students out.\u0026#8221; What that\u2019s telling you is they\u2019re taking students who are well-prepared and could graduate in these fields, and they\u2019re creating an environment such that they don\u2019t\u2014which is not your job as a teacher. When you change that environment to one that wants kids to stay in and wants students to succeed, it benefits everyone.\u003C\/p\u003E\n\u003Cp\u003EThe same thing happens in the workforce. Sometimes people say, if we\u2019re encouraging women and minorities, doesn\u2019t that mean we\u2019re discouraging white males? That\u2019s not the case. We\u2019re doing a solid for everyone.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWe\u2019re coming up on the 23rd anniversary of your trip to space. What\u2019s it like to look back on that now? Is it hard to believe you went up there?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ENo, it was very much a part of me and the work I\u2019m doing now with 100 Year Starship, trying to make sure that we have the ability to send humans to another star. It reminds me that this transition to leading 100 Year Starship is really about using all of my experience\u2014from the social sciences and medicine and engineering and working in developing countries to working in high-tech and sustainability.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhere does the starship initiative stand at this point?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EWe\u2019re not trying to build a starship. We want to make sure the capabilities exist. So there\u2019s no launch date. We\u2019re a little over three years in, and we\u2019re building things with intense workshops. We have a public symposium coming up in Silicon Valley this October. But the real issue is how do we get society to work on these big challenges.\u003C\/p\u003E\n\u003Cp\u003EOur proposal started off with \u0026#8220;An inclusive audacious journey transforms life here on earth and beyond.: The first word is inclusive because we need the full range of human talent to be able to make these things happen.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EIf the opportunity to go to Mars came up, do you think you\u2019d\u2014\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EIn a heartbeat.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Ca href=\u0022http:\/\/fortune.com\/getbroadsheet\/\u0022\u003ESubscribe to The Broadsheet\u003C\/a\u003E\u003C\/span\u003E, Fortune\u2019s daily newsletter on the world\u2019s most powerful women.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n","time":{"pretty":"September 12, 2015","published":"2015-09-12 10:30:45","updated":"2015-09-12 10:30:45","minute":"10:30 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/09\/12\/first-woman-of-color-in-space\/","absolute_url":"http:\/\/fortune.com\/2015\/09\/12\/first-woman-of-color-in-space\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/09\/12\/first-woman-of-color-in-space\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/09\/gettyimages-451407064.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Jonathan Leibson \u2014 BET\/Getty Images for BET","caption":"LOS ANGELES, CA - JUNE 28:  Astronaut Mae Jemison speaks onstage at the Genius Talks presented by RushCard at the 2014 BET Experience at L.A. LIVE on June 28, 2014 in Los Angeles, California.  (Photo by Jonathan Leibson\/BET\/Getty Images for BET)","attach_id":"1302068"},"excerpt":"\u003Cp\u003EMae C. Jemison blasted into space 23 years ago. Today, she\u0026#8217;s helping bring mankind closer to the stars.\u003C\/p\u003E\n","authors":[{"id":"896166","url":"http:\/\/fortune.com\/author\/molly-petrilla\/","name":"Molly Petrilla","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10265,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":99482,"name":"Space Travel","slug":"space-travel","term_group":0,"term_taxonomy_id":118501,"taxonomy":"post_tag","description":"","parent":0,"count":11,"filter":"raw"},{"term_id":232772,"name":"women in science","slug":"women-in-science","term_group":0,"term_taxonomy_id":119185,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"},{"term_id":12282115,"name":"women in stem","slug":"women-in-stem","term_group":0,"term_taxonomy_id":118753,"taxonomy":"post_tag","description":"","parent":0,"count":10,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"women in stem","slug":"women-in-stem","url":"http:\/\/fortune.com\/tag\/women-in-stem\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Mae C. Jemison blasted into space 23 years ago. Today, she\u0026#8217;s helping bring mankind closer to the stars.","seo":{"seo_title":"Mae C. Jemison: Meet the first woman of color to go to space","seo_description":"23 years ago, Jemison blasted into space on the Endeavor shuttle. Today she\u0027s helping bring mankind another step closer to the stars","seo_keywords":"Mae C. Jemison, Endeavor shuttle, space travel, women in STEM, women in science, first black woman in space, first woman of color in space, 100 Year star ship, making science make sense, Bayer science study, Facts of Science Education survey","seo_news_keywords":"Mae C. Jemison, Endeavor shuttle, space travel, women in STEM, women in science, first black woman in space, first woman of color in space, 100 Year star ship, making science make sense, Bayer science study, Facts of Science Education survey","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/09\/12\/first-woman-of-color-in-space\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F09%2F12%2Ffirst-woman-of-color-in-space%2F","shortlink":"http:\/\/for.tn\/1KJfylQ","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1KJfylQ","encoded_title":"Meet+the+first+woman+of+color+to+go+to+space","twitter_text":"Meet the first woman of color to go to space","twitter_via":"FORTUNE","facebook_desc":"23 years ago, Jemison blasted into space on the Endeavor shuttle. Today she\u0027s helping bring mankind another step closer to the stars","facebook_title":"Mae C. Jemison: Meet the first woman of color to go to space"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23900,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1301911-0","in-article-ad-1301911-1","in-article-ad-1301911-2"]},{"id":1266701,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/08\/25\/girls-computer-science\/","title":"Would more girls study computer science if classrooms were \u0027less geeky\u0027?","content":"\u003Cp\u003EAs recent Twitter campaigns like \u003Ca href=\u0022https:\/\/twitter.com\/hashtag\/ilooklikeanengineer\u0022\u003E#ILookLikeAnEngineer\u003C\/a\u003E have shown, stereotypes are powerful \u2014 perhaps especially in high school, where students are quick to pigeonhole each other (and themselves) into cliques like jocks, cheerleaders, brainiacs, computer geeks, and so on. High school also happens to be where people start to think seriously about what they want to do when they grow up.\u003C\/p\u003E\n\u003Cp\u003EIn practical terms, according to new \u003Ca href=\u0022http:\/\/ilabs.uw.edu\/dl\/Computing_Belonging_2015.pdf\u0022\u003Eresearch\u003C\/a\u003E, that means many teenaged girls who might otherwise consider a career in STEM are turned off by the computer-geek image. A pair of experiments with 270 14-to-18-year-old students in two different high schools shows that three times as many girls were interested in enrolling in a computer science classes if the classroom where it was taught was \u0026#8220;less geeky,\u201d the study says.\u003C\/p\u003E\n\u003Cp\u003E\u201cOur findings show that classroom design matters. It can transmit stereotypes to high school students about who belongs, and who doesn\u2019t, in computer science,\u201d observes Allison Master, a post-doctoral researcher at the University of Washington\u2019s Institute for Learning and Brain Science (I-LABS) who led the study. \u201cInaccurate negative stereotypes make girls feel they don\u2019t fit with computer science.\u201d\u003C\/p\u003E\n\u003Cp\u003ESimple as it sounds, redecorating computer-science classrooms, Master adds, \u201creveals a new way to draw girls into pipeline [STEM] courses.\u201d\u003C\/p\u003E\n\u003Cp\u003EIn the study, a group made up of half boys and half girls filled out questionnaires about their interest in computer science, their sense of belonging in a computer class, and how closely they felt they personally fit the \u201ccomputer geek\u201d stereotype.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u002253\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4432841047001-53\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224432841047001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1fDT4Ef\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/retail_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbestumbrellas%2Ccellphone%2Chowtofixphoneofwaterdamage%2Chowtogetwateroutofphone%2Chowtokeepphonefromgettingwet%2Cphonebrella%2Cumbrella%26ch%3Dretail%26topic%3Dphonebrella\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EThe kids were then shown two classrooms where a hypothetical computer-science class would be held. One resembled the roommates\u2019 apartment on \u201cThe Big Bang Theory,\u201d littered with \u201c\u003Cem\u003EStar Trek\u003C\/em\u003E\/\u003Cem\u003EStar Wars \u003C\/em\u003Eitems,\u201d science-fiction books, computer parts, and video games. The other classroom featured \u201cnonstereotypical objects\u201d like art and nature posters, lamps, general-interest magazines, and plants.\u003C\/p\u003E\n\u003Cp\u003EMost of the boys didn\u2019t prefer either classroom over the other, and their level of interest in studying computer science stayed the same no matter which room they were told the class would be in. But 68% of the girls chose the less \u0026#8220;geeky\u0026#8221; room, and were three times as likely to say they would sign up for a class if it were taught there.\u003C\/p\u003E\n\u003Cp\u003E\u201cIt\u2019s nice that the less-geeky room gained so many girls but didn\u2019t lose any of the boys,\u201d Master notes, adding that if schools want to raise female enrollment in computer classes, \u201cthey should make sure that the classrooms avoid stereotypes and communicate to students that everyone is welcome and belongs.\u201d\u003C\/p\u003E\n\u003Cp\u003EThe study, partially funded by the National Science Foundation, will appear in a forthcoming issue of the \u003Cem\u003EJournal of Educational Psychology.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"August 25, 2015","published":"2015-08-25 01:31:34","updated":"2015-08-25 01:31:34","minute":"1:31 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/08\/25\/girls-computer-science\/","absolute_url":"http:\/\/fortune.com\/2015\/08\/25\/girls-computer-science\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/08\/25\/girls-computer-science\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Would more girls study computer science if classrooms were \u0027less geeky\u0027?","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/08\/gettyimages-179805558.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Getty Images","caption":"","attach_id":"1267043"},"excerpt":"\u003Cp\u003EAttracting more female high school students to computer science classes might be as easy as tossing out the Star Wars posters.\u003C\/p\u003E\n","authors":[{"id":"386980","url":"http:\/\/fortune.com\/author\/anne-fisher\/","name":"Anne Fisher","twitter":"anbfisher","gplus":"","email":"askannie@fortune.com","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/anne_com.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Anne Fisher headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/anne_com.jpg?quality=80\u0026w=150",150,150,true],"bio":"Anne Fisher has been writing \u0022Ask Annie,\u0022 a column on careers, for Fortune since 1996, helping readers navigate booms, recessions, changing industries, and changing ideas about what\u0027s appropriate in the workplace (and beyond). Anne is the author of two books, Wall Street Women (Knopf, 1990) and If My Career\u0027s on the Fast Track, Where Do I Get a Road Map? (William Morrow, 2001).","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":20466,"name":"Careers","slug":"careers","term_group":0,"term_taxonomy_id":46729,"taxonomy":"category","description":"News you can utilize to develop and advance your career and how to position yourself to get that great new job. ","parent":0,"count":2589,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10273,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":381596801,"name":"#ILookLikeAnEngineer","slug":"ilooklikeanengineer","term_group":0,"term_taxonomy_id":139841,"taxonomy":"post_tag","description":"","parent":0,"count":5,"filter":"raw"},{"term_id":76910414,"name":"computer science classes","slug":"computer-science-classes","term_group":0,"term_taxonomy_id":142769,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":220230,"name":"Future of Work","slug":"future-of-work","term_group":0,"term_taxonomy_id":120093,"taxonomy":"post_tag","description":"","parent":0,"count":272,"filter":"raw"},{"term_id":126001,"name":"high school students","slug":"high-school-students","term_group":0,"term_taxonomy_id":127235,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":150638520,"name":"Institute for Learning and Brain Science","slug":"institute-for-learning-and-brain-science","term_group":0,"term_taxonomy_id":142770,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":50867415,"name":"Journal of Educational Psychology","slug":"journal-of-educational-psychology","term_group":0,"term_taxonomy_id":142771,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":62649,"name":"University of Washington","slug":"university-of-washington","term_group":0,"term_taxonomy_id":118518,"taxonomy":"post_tag","description":"","parent":0,"count":2,"filter":"raw"},{"term_id":5337220,"name":"women in computer science","slug":"women-in-computer-science","term_group":0,"term_taxonomy_id":142768,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":12282115,"name":"women in stem","slug":"women-in-stem","term_group":0,"term_taxonomy_id":118753,"taxonomy":"post_tag","description":"","parent":0,"count":10,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Future of Work","slug":"future-of-work","url":"http:\/\/fortune.com\/tag\/future-of-work\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Attracting more female high school students to computer science classes might be as easy as tossing out the Star Wars posters.","seo":{"seo_title":"Girls in computer science: Classroom design makes a huge difference","seo_description":"Attracting more female high school classes to computer science classes might be as easy as tossing out the Star Wars posters.","seo_keywords":"computer science, girls in science, STEM, education, gender diversity, gender bias, girls who code, #ILookLikeAnEngineer, engineering","seo_news_keywords":"computer science, girls in science, STEM, education, gender diversity, gender bias, girls who code, #ILookLikeAnEngineer, engineering","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/08\/25\/girls-computer-science\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F08%2F25%2Fgirls-computer-science%2F","shortlink":"http:\/\/for.tn\/1fDT4Ef","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1fDT4Ef","encoded_title":"Would+more+girls+study+computer+science+if+classrooms+were+%E2%80%98less+geeky%E2%80%99%3F","twitter_text":"Would more girls study computer science if classrooms were \u0027less geeky\u0027?","twitter_via":"FORTUNE","facebook_desc":"Attracting more female high school classes to computer science classes might be as easy as tossing out the Star Wars posters.","facebook_title":"Girls in computer science: Classroom design makes a huge difference"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23900,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1266701-0","in-article-ad-1266701-1","in-article-ad-1266701-2"]},{"id":1027321,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/03\/12\/equality-for-women-in-stem-fields-easier-said-than-done\/","title":"Equality for women in STEM fields? Easier said than done","content":"\u003Cp\u003EOne of the Association for Women in Science\u2019s first actions, back when it formed in the early 1970s, was convincing Williams and Wilkins publishing company that the \u003Cem\u003EPlayboy\u00ad\u003C\/em\u003E-style photos in its just-released anatomy textbook had to go.\u003C\/p\u003E\n\u003Cp\u003EAWIS\u0026#8217;s president wrote a letter, threatened a boycott and met with the company\u2019s leaders. The efforts didn\u2019t go unrewarded: the publisher eventually yanked its new book off shelves and promised to remove the photos (and the chauvinistic captions\u2014which allegedly included \u201cUnfortunately, gentlemen, none of your patients will look as good as this\u201d\u2014that accompanied them).\u003C\/p\u003E\n\u003Cp\u003EThat textbook dustup is a story that AWIS likes to tell. It appears throughout the group\u2019s website and in assorted articles\u2014partly a nod to AWIS\u2019s history, partly a reminder of how far things have come.\u003C\/p\u003E\n\u003Cp\u003EBut have they really come \u003Cem\u003Ethat \u003C\/em\u003Efar? As the largest multi-disciplinary organization for women in STEM careers\u2014more then 20,000 members and counting\u2014AWIS\u2019s current causes are less visible and more nuanced than erotic photos on a page: fair pay, professional isolation, work-life balance, equal recognition. They\u2019re high-stakes problems that an irate letter won\u2019t solve, and as a result, the changes happen more gradually.\u003C\/p\u003E\n\u003Cp\u003E\u201cI think the progress has been slow, but cultural change is difficult, and that\u2019s what we\u2019re talking about,\u201d says Janet Bandows Koster, AWIS\u2019s CEO and executive director since 2006. \u201cHow do you change cultural practice?\u201d\u003C\/p\u003E\n\u003Cp\u003EEven as a known organization with a wide reach, it\u2019s not easy to replace the scientist-equals-man image that\u2019s so deeply embedded in our culture, she says. Four years ago, in a literal fight against that idea, AWIS led a grassroots initiative to have more women appear in Google image searches for the word \u003Cem\u003Escientist.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u201cUp until then, all you saw were men, and if there was [a photo of] a woman, she was standing behind a man, who was mentoring her,\u201d Koster says. \u201cIn people\u2019s minds, the scientist is male. I think one reason is that the only female [scientist] we ever talk about is Marie Curie. Really? That was how many years ago\u2014how many centuries ago? There are women who have currently achieved incredible recognition in their fields and we don\u2019t talk about them. Those are the images we need to be putting out there. Enough with the Curie.\u201d\u003C\/p\u003E\n\u003Cp\u003EKoster says it\u2019s also a matter of vigilance\u2014something that requires more time and resources than are often available. In 2010 and 2012, AWIS partnered with 22 scholarship-focused scientific societies because women were winning so few scholarly and research awards. They ran several interventions, including implicit bias training for awards committees, and the numbers did go up\u0026#8230; Until the intervention grant ended.\u003C\/p\u003E\n\u003Cp\u003E\u201cAs soon as we stopped\u2014well, we just got the 2014 numbers, and some of the societies that were doing so well just dropped right back down again,\u201d Koster says. \u201cI think it\u2019s constant vigilance. It\u2019s constantly paying attention.\u201d\u003C\/p\u003E\n\u003Cp\u003EProgress has even been stymied by some within AWIS. \u201cWe\u2019ve had some of our older members say, \u2018We really don\u2019t see that there\u2019s a problem for young women anymore. We solved the problem,\u2019\u201d Koster says. \u201cA lot of people think that there are no more problems for women, and I think that truly is one of the big issues.\u201d\u003C\/p\u003E\n\u003Cp\u003EMost of the roadblocks are external, though. AWIS often hears the \u201cwe\u2019re-not-going-to-lower-our-standards\u201d argument when it tries to get prestigious research organizations to recruit more women\u2014and there\u2019s the fact that fewer women are in leadership roles, which means there\u2019s less opportunity for women to promote other women. Koster also mentions something she calls the Queen Bee Syndrome, a mentality that \u201cthere are only so many seats at the table, and I had to work really hard my entire life to get this seat at the table, and I\u2019m not sharing it with anybody.\u201d\u003C\/p\u003E\n\u003Cp\u003EBut AWIS keeps pushing forward. They\u2019ve had some notable wins over the years, from successfully suing the National Institutes of Health in 1974 to include more women on peer review panels, to their ongoing push to strengthen Title IX\u2019s application in STEM departments\u2014as a means of protecting educational equality for girls and women, and of championing equal lab space and other resources at research universities.\u003C\/p\u003E\n\u003Cp\u003EThey also have a public policy fellow who works with Congress and federal agencies on issues that impact women in STEM fields. Last year, AWIS had what Koster calls \u201ca great victory\u201d when the Office of Management and Budget revised its guidelines, allowing federal grant money to be used to support parental leave and childcare.\u003C\/p\u003E\n\u003Cp\u003EWhile their advocacy centers on women, Koster says issues like parental leave affect everyone. Making that known is one of the group\u2019s current strategies. In a book published last year, \u003Cem\u003EEquitable Solutions for Retaining a Robust STEM Workforce: Beyond Best Practice, \u003C\/em\u003EAWIS surveyed men and women on work-life balance. Rather than dividing by gender, Koster says the responses were split by age.\u003C\/p\u003E\n\u003Cp\u003E\u201cBoth men and women were equally concerned about work-life integration issues,\u201d she says. \u201cIt makes that statement we\u2019re trying to promote: a lot of these aren\u2019t just gender issues, they\u2019re workplace issues. If the workplace does not change to accommodate a younger cadre of workers, we\u2019re going to have a difficult time maintaining and retaining a skilled workforce\u2014and we\u2019re going to be losing a lot of good folks.\u201d\u003C\/p\u003E\n","time":{"pretty":"March 12, 2015","published":"2015-03-12 07:00:36","updated":"2015-03-12 07:00:36","minute":"7:00 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/03\/12\/equality-for-women-in-stem-fields-easier-said-than-done\/","absolute_url":"http:\/\/fortune.com\/2015\/03\/12\/equality-for-women-in-stem-fields-easier-said-than-done\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/03\/12\/equality-for-women-in-stem-fields-easier-said-than-done\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"","post_type":"post","featured_type":"image","featured_image":{"src":"http:\/\/i0.wp.com\/fortunedotcom.files.wordpress.com\/2014\/12\/ap13022012274.jpg?crop=0px%2C100px%2C3000px%2C1731px\u0026resize=840%2C485\u0026quality=80\u0026strip","class":"featured-img-article_full","credit":"Photograph by Peter Kramer\u2014 NBC\/AP","caption":"Yahoo CEO Marissa Mayer is one of the most prominent women CEOs with a STEM background.","attach_id":"897118"},"excerpt":"\u003Cp\u003EJanet Bandows Koster, CEO of the Association for Women in Science, talks about her organization\u0026#8217;s push to help women in STEM industries get on equal ground with the guys\u2014and why, even after 45 years, that\u2019s still so difficult.\u003C\/p\u003E\n","authors":[{"id":"896166","url":"http:\/\/fortune.com\/author\/molly-petrilla\/","name":"Molly Petrilla","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10267,"object_id":1027321,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2114,"object_id":1027321,"filter":"raw"},{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22079,"object_id":1027321,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":9313421,"name":"awis","slug":"awis","term_group":0,"term_taxonomy_id":126374,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1027321,"filter":"raw"},{"term_id":48768310,"name":"girls in stem","slug":"girls-in-stem","term_group":0,"term_taxonomy_id":118754,"taxonomy":"post_tag","description":"","parent":0,"count":3,"object_id":1027321,"filter":"raw"},{"term_id":38416221,"name":"STEM","slug":"stem-2","term_group":0,"term_taxonomy_id":58219,"taxonomy":"post_tag","description":"","parent":0,"count":29,"object_id":1027321,"filter":"raw"},{"term_id":232772,"name":"women in science","slug":"women-in-science","term_group":0,"term_taxonomy_id":119185,"taxonomy":"post_tag","description":"","parent":0,"count":4,"object_id":1027321,"filter":"raw"},{"term_id":12282115,"name":"women in stem","slug":"women-in-stem","term_group":0,"term_taxonomy_id":118753,"taxonomy":"post_tag","description":"","parent":0,"count":10,"object_id":1027321,"filter":"raw"},{"term_id":459627,"name":"women in tech","slug":"women-in-tech","term_group":0,"term_taxonomy_id":115227,"taxonomy":"post_tag","description":"","parent":0,"count":51,"object_id":1027321,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"STEM","slug":"stem-2","url":"http:\/\/fortune.com\/tag\/stem-2\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Janet Bandows Koster, CEO of the Association for Women in Science, talks about her organization\u0026#8217;s push to help women in STEM industries get on equal ground with the guys\u2014and why, even after 45 years, that\u2019s still so difficult.","seo":{"seo_title":"Equality for women in STEM fields? 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Easier said than done"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23866,"object_id":1027321,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1027321-0","in-article-ad-1027321-1"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1301911,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/09\/12\/first-woman-of-color-in-space\/","title":"Meet the first woman of color to go to space","content":"\u003Cp\u003EExactly 23 years ago, on Sept. 12, 1992, Mae C. Jemison boarded the Endeavor shuttle and \u003Ca href=\u0022http:\/\/www.nasa.gov\/mission_pages\/shuttle\/shuttlemissions\/archives\/sts-47.html\u0022\u003Eshot into space\u003C\/a\u003E, becoming the first woman of color to make the trip.\u003C\/p\u003E\n\u003Cp\u003EBut NASA astronaut is only one of the many titles Jemison has held in her long and impressive career. She\u2019s also been, in no particular order, a physician, a Peace Corps medical officer, an entrepreneur and an environmental studies professor. These days, her main gig is leading \u003Ca href=\u0022http:\/\/100yss.org\/\u0022\u003E100 Year Starship\u003C\/a\u003E\u2014a Defense Advanced Research Projects Agency (DARPA) and NASA-seeded initiative to enable humans to travel to another star by 2112.\u003C\/p\u003E\n\u003Cp\u003EWhere does that kind of drive come from? Jemison credits her parents, saying, \u201cthey would put up with all of my experiments\u201d\u2014including one in high school that filled their house with large vats of goldfish, water, and varying levels of the hormone thyroxine (the family\u0026#8217;s cats were intent on scooping out the fish).\u003C\/p\u003E\n\u003Cp\u003EShe also remembers sitting at the front of her school classrooms, hand perpetually in the air to ask or answer a question. That curiosity never left, and now she\u2019s working to spark it in others as Bayer Corporation USA\u2019s national science literacy advocate and champion of the \u003Ca href=\u0022http:\/\/www.makingsciencemakesense.com\/\u0022\u003EMaking Science Make Sense\u003C\/a\u003E (MSMS) initiative to advance science literacy.\u003C\/p\u003E\n\u003Cp\u003E\u201cJust think about what\u2019s happened,\u201d she says. \u201cWe\u2019ve mapped the human genome. The internet is everywhere. We even have commercial spacecraft going to the space station. I think that shows exactly how much science, technology, engineering and mathematics are critical to our society moving forward, and how science literacy is necessary for everyone.\u201d\u003C\/p\u003E\n\u003Cp\u003EJemison spoke with \u003Cem\u003EFortune\u003C\/em\u003E about what it\u0026#8217;s like to be a woman of color in STEM, what Bayer discovered in its new \u003Ca href=\u0022http:\/\/www.msms.bayer.us\/msms\/MSMS_Education_Resources_Activities\/ResourcesSTP\/Survey\/Assets\/Bayer_Facts_16_Exec_Summary2015.pdf\u0022\u003EFacts of Science Education survey\u003C\/a\u003E, and why she\u0026#8217;d be first in line for a flight to Mars. This interview has been edited and condensed for clarity.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EFortune: What did the Bayer survey find about girls\u2019 and minorities\u2019 interest in science?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EMae C. Jemison: It found that parents and teachers both wanted schools and parents to take responsibility for minority students and girls doing well in science, which is really great. They recognize that kids live up or down to the expectations of those adults who are around them most.\u003C\/p\u003E\n\u003Cp\u003EI would do a caveat on that, though. You can put it beyond that. If you start seeing more girls doing science, if you see more under-represented minorities involved in science\u2014on a [TV] program for instance\u2014then [kids] will feel more comfortable with being involved, because society sort of validates it.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EThe survey also found that 85% of teachers say female students are just as interested in science education as their male counterparts. That sounds good, but then you realize\u201415% of teachers don\u2019t think that way?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThe fact that 85% of teachers say that is really wonderful. It means we\u2019ve been doing some work. I would bet, even though we don\u2019t have that number, it would have been lower a number of years ago. People say girls don\u2019t like science, and a community of people accept that. But we know it\u2019s not true. So I\u2019m really thrilled that teachers believe that\u2019s so and that parents do too.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003ESo if the support is there, why aren\u2019t more of these girls winding up in STEM careers?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EWhen you think about it, all kids are excited about science and technology. Surveys over the years have shown that girls do as well as or better than boys in math and science all the way through high school. But in a survey Bayer did with women and minority members of the American Chemical Society, 40% said that they were discouraged by a college professor. Remember, these are the people who made it through. These are the chemists and chemical engineers.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhat was your own experience like as a young girl interested in science?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EI remember in kindergarten, my teacher said, \u0026#8220;What do you want to be when you grow up?\u0026#8221; I had my hand up. I said I wanted to be a scientist. She said, \u0026#8220;Don\u2019t you mean a nurse,\u0026#8221; because she was trying to help me understand what I could be as a young African-American girl in the 60s. I was like, no, I mean a scientist. I was very indignant about it all too.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EHow had you settled on scientist by then?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EBecause I chose my parents well. We were always doing things around science. Neither of my parents were what people call a professional scientist. But I think they were the best scientists in the world because they would always ask me and my sister and brother to understand why something happens, to think it through. They also would help us with science experiments. I was the youngest, so I went through all my brother and sister\u2019s science experiments.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EYou started Stanford at 16. What was that like?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EI think it was the best school I could have gone to in terms of acceptance in science because I had a wide range of professors. But some of my professors were really thrilled to have me involved and some were not so thrilled to see me in their classroom. It sort of shows that experience is somewhat universal. I think it\u2019s getting better though.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhen you had one of those not-so-thrilled professors, what did that look like?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EThey just weren\u2019t as warm to me. I remember one professor who would look at me when I would ask a question as though it was not a very bright question, and then maybe a white male down the way would ask the same question and he\u2019d tell him, \u0026#8220;That\u2019s an astute observation.\u0026#8221;\u003C\/p\u003E\n\u003Cp\u003EIn school, I was always one of those little kids up at the front of the classroom raising my hand. I was used to having very good interactions with teachers and adults. Eventually you sort of lose your energy for sitting in the front of the room. But I didn\u2019t leave. I stuck in there.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhat helped you do that?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EPart of it is I had summer jobs that were sponsored by Bell Laboratories. You get this reinforcement, and that\u2019s the kind of role that companies and corporations can play. They can provide internships. They can provide scholarships. They can support the teachers in the classrooms.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhat about companies attracting women and minorities for STEM jobs? How can they do a better job with that?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EFirst of all, you have to value it. Companies have to understand that what they do in their workplace makes a difference, and that there\u2019s a lot of talent we\u2019re missing. The interesting thing is that as you change the environment so that it nurtures women and under-represented minorities, it also nurtures white males and gets more of them to stay in the field. That\u2019s the little-known thing.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhy is that?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EIf you looked at some of the professors in the STEM departments, they said the students couldn\u2019t cut it. \u0026#8220;We\u2019re weeding students out.\u0026#8221; What that\u2019s telling you is they\u2019re taking students who are well-prepared and could graduate in these fields, and they\u2019re creating an environment such that they don\u2019t\u2014which is not your job as a teacher. When you change that environment to one that wants kids to stay in and wants students to succeed, it benefits everyone.\u003C\/p\u003E\n\u003Cp\u003EThe same thing happens in the workforce. Sometimes people say, if we\u2019re encouraging women and minorities, doesn\u2019t that mean we\u2019re discouraging white males? That\u2019s not the case. We\u2019re doing a solid for everyone.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWe\u2019re coming up on the 23rd anniversary of your trip to space. What\u2019s it like to look back on that now? Is it hard to believe you went up there?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003ENo, it was very much a part of me and the work I\u2019m doing now with 100 Year Starship, trying to make sure that we have the ability to send humans to another star. It reminds me that this transition to leading 100 Year Starship is really about using all of my experience\u2014from the social sciences and medicine and engineering and working in developing countries to working in high-tech and sustainability.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EWhere does the starship initiative stand at this point?\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EWe\u2019re not trying to build a starship. We want to make sure the capabilities exist. So there\u2019s no launch date. We\u2019re a little over three years in, and we\u2019re building things with intense workshops. We have a public symposium coming up in Silicon Valley this October. But the real issue is how do we get society to work on these big challenges.\u003C\/p\u003E\n\u003Cp\u003EOur proposal started off with \u0026#8220;An inclusive audacious journey transforms life here on earth and beyond.: The first word is inclusive because we need the full range of human talent to be able to make these things happen.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EIf the opportunity to go to Mars came up, do you think you\u2019d\u2014\u003C\/strong\u003E\u003C\/p\u003E\n\u003Cp\u003EIn a heartbeat.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Ca href=\u0022http:\/\/fortune.com\/getbroadsheet\/\u0022\u003ESubscribe to The Broadsheet\u003C\/a\u003E\u003C\/span\u003E, Fortune\u2019s daily newsletter on the world\u2019s most powerful women.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n","time":{"pretty":"September 12, 2015","published":"2015-09-12 10:30:45","updated":"2015-09-12 10:30:45","minute":"10:30 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/09\/12\/first-woman-of-color-in-space\/","absolute_url":"http:\/\/fortune.com\/2015\/09\/12\/first-woman-of-color-in-space\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/09\/12\/first-woman-of-color-in-space\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/09\/gettyimages-451407064.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Jonathan Leibson \u2014 BET\/Getty Images for BET","caption":"LOS ANGELES, CA - JUNE 28:  Astronaut Mae Jemison speaks onstage at the Genius Talks presented by RushCard at the 2014 BET Experience at L.A. LIVE on June 28, 2014 in Los Angeles, California.  (Photo by Jonathan Leibson\/BET\/Getty Images for BET)","attach_id":"1302068"},"excerpt":"\u003Cp\u003EMae C. Jemison blasted into space 23 years ago. Today, she\u0026#8217;s helping bring mankind closer to the stars.\u003C\/p\u003E\n","authors":[{"id":"896166","url":"http:\/\/fortune.com\/author\/molly-petrilla\/","name":"Molly Petrilla","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10273,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2116,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":99482,"name":"Space Travel","slug":"space-travel","term_group":0,"term_taxonomy_id":118501,"taxonomy":"post_tag","description":"","parent":0,"count":11,"filter":"raw"},{"term_id":232772,"name":"women in science","slug":"women-in-science","term_group":0,"term_taxonomy_id":119185,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"},{"term_id":12282115,"name":"women in stem","slug":"women-in-stem","term_group":0,"term_taxonomy_id":118753,"taxonomy":"post_tag","description":"","parent":0,"count":11,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"women in stem","slug":"women-in-stem","url":"http:\/\/fortune.com\/tag\/women-in-stem\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Mae C. Jemison blasted into space 23 years ago. Today, she\u0026#8217;s helping bring mankind closer to the stars.","seo":{"seo_title":"Mae C. Jemison: Meet the first woman of color to go to space","seo_description":"23 years ago, Jemison blasted into space on the Endeavor shuttle. Today she\u0027s helping bring mankind another step closer to the stars","seo_keywords":"Mae C. Jemison, Endeavor shuttle, space travel, women in STEM, women in science, first black woman in space, first woman of color in space, 100 Year star ship, making science make sense, Bayer science study, Facts of Science Education survey","seo_news_keywords":"Mae C. Jemison, Endeavor shuttle, space travel, women in STEM, women in science, first black woman in space, first woman of color in space, 100 Year star ship, making science make sense, Bayer science study, Facts of Science Education survey","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/09\/12\/first-woman-of-color-in-space\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F09%2F12%2Ffirst-woman-of-color-in-space%2F","shortlink":"http:\/\/for.tn\/1KJfylQ","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1KJfylQ","encoded_title":"Meet+the+first+woman+of+color+to+go+to+space","twitter_text":"Meet the first woman of color to go to space","twitter_via":"FORTUNE","facebook_desc":"23 years ago, Jemison blasted into space on the Endeavor shuttle. Today she\u0027s helping bring mankind another step closer to the stars","facebook_title":"Mae C. Jemison: Meet the first woman of color to go to space"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23875,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1301911-0","in-article-ad-1301911-1","in-article-ad-1301911-2"]},{"id":1266701,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/08\/25\/girls-computer-science\/","title":"Would more girls study computer science if classrooms were \u0027less geeky\u0027?","content":"\u003Cp\u003EAs recent Twitter campaigns like \u003Ca href=\u0022https:\/\/twitter.com\/hashtag\/ilooklikeanengineer\u0022\u003E#ILookLikeAnEngineer\u003C\/a\u003E have shown, stereotypes are powerful \u2014 perhaps especially in high school, where students are quick to pigeonhole each other (and themselves) into cliques like jocks, cheerleaders, brainiacs, computer geeks, and so on. High school also happens to be where people start to think seriously about what they want to do when they grow up.\u003C\/p\u003E\n\u003Cp\u003EIn practical terms, according to new \u003Ca href=\u0022http:\/\/ilabs.uw.edu\/dl\/Computing_Belonging_2015.pdf\u0022\u003Eresearch\u003C\/a\u003E, that means many teenaged girls who might otherwise consider a career in STEM are turned off by the computer-geek image. A pair of experiments with 270 14-to-18-year-old students in two different high schools shows that three times as many girls were interested in enrolling in a computer science classes if the classroom where it was taught was \u0026#8220;less geeky,\u201d the study says.\u003C\/p\u003E\n\u003Cp\u003E\u201cOur findings show that classroom design matters. It can transmit stereotypes to high school students about who belongs, and who doesn\u2019t, in computer science,\u201d observes Allison Master, a post-doctoral researcher at the University of Washington\u2019s Institute for Learning and Brain Science (I-LABS) who led the study. \u201cInaccurate negative stereotypes make girls feel they don\u2019t fit with computer science.\u201d\u003C\/p\u003E\n\u003Cp\u003ESimple as it sounds, redecorating computer-science classrooms, Master adds, \u201creveals a new way to draw girls into pipeline [STEM] courses.\u201d\u003C\/p\u003E\n\u003Cp\u003EIn the study, a group made up of half boys and half girls filled out questionnaires about their interest in computer science, their sense of belonging in a computer class, and how closely they felt they personally fit the \u201ccomputer geek\u201d stereotype.\u003C\/p\u003E\n\u003Cdiv class=\u0022video-wrapper\u0022  data-ratio=\u00220.56363636363636\u0022 data-pos=\u00227\u0022\u003E\n\t\t\t\t\u003Cobject id=\u0022bc-video-4432841047001-7\u0022 class=\u0022BrightcoveExperience\u0022\u003E\u003Cparam name=\u0022bgcolor\u0022 value=\u0022#FFFFFF\u0022\/\u003E\u003Cparam name=\u0022width\u0022 value=\u0022550\u0022\/\u003E\u003Cparam name=\u0022height\u0022 value=\u0022310\u0022\/\u003E\u003Cparam name=\u0022playerID\u0022 value=\u00223160175193001\u0022\/\u003E\u003Cparam name=\u0022playerKey\u0022 value=\u0022AQ~~,AAAB668kGak~,LMlvL4u4ShOTHD9z00VquajMOcH97tcW\u0022\/\u003E\u003Cparam name=\u0022isVid\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022isUI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022videoSmoothing\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022seamlessTabbing\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022swliveconnect\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022dynamicStreaming\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022autoStart\u0022 value=\u0022false\u0022\/\u003E\u003Cparam name=\u0022@videoPlayer\u0022 value=\u00224432841047001\u0022\/\u003E\u003Cparam name=\u0022linkBaseURL\u0022 value=\u0022http:\/\/for.tn\/1fDT4Ef\u0022\/\u003E\u003Cparam name=\u0022includeAPI\u0022 value=\u0022true\u0022\/\u003E\u003Cparam name=\u0022templateLoadHandler\u0022 value=\u0022Fortune_onTemplateLoad\u0022\/\u003E\u003Cparam name=\u0022templateReadyHandler\u0022 value=\u0022Fortune_onTemplateReady\u0022\/\u003E\u003Cparam name=\u0022wmode\u0022 value=\u0022opaque\u0022\/\u003E\u003Cparam name=\u0022adServerURL\u0022 value=\u0022http:\/\/pubads.g.doubleclick.net\/gampad\/ads?env=vp\u0026#038;gdfp_req=1\u0026#038;impl=s\u0026#038;output=xml_vast2\u0026#038;iu=\/8484\/fort\/video_bc\/retail_bc\u0026#038;sz=1000x1\u0026#038;cust_params=tags%3Dbestumbrellas%2Ccellphone%2Chowtofixphoneofwaterdamage%2Chowtogetwateroutofphone%2Chowtokeepphonefromgettingwet%2Cphonebrella%2Cumbrella%26ch%3Dretail%26topic%3Dphonebrella\u0026#038;unviewed_position_start=1\u0026#038;correlator=timestamp\u0022\/\u003E\u003C\/object\u003E\n\t\t\t\u003C\/div\u003E\n\t\t\t\u003Cscript type=\u0022text\/javascript\u0022\u003E\n\t\t\t\tbrightcove.createExperiences();\n\t\t\t\u003C\/script\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EThe kids were then shown two classrooms where a hypothetical computer-science class would be held. One resembled the roommates\u2019 apartment on \u201cThe Big Bang Theory,\u201d littered with \u201c\u003Cem\u003EStar Trek\u003C\/em\u003E\/\u003Cem\u003EStar Wars \u003C\/em\u003Eitems,\u201d science-fiction books, computer parts, and video games. The other classroom featured \u201cnonstereotypical objects\u201d like art and nature posters, lamps, general-interest magazines, and plants.\u003C\/p\u003E\n\u003Cp\u003EMost of the boys didn\u2019t prefer either classroom over the other, and their level of interest in studying computer science stayed the same no matter which room they were told the class would be in. But 68% of the girls chose the less \u0026#8220;geeky\u0026#8221; room, and were three times as likely to say they would sign up for a class if it were taught there.\u003C\/p\u003E\n\u003Cp\u003E\u201cIt\u2019s nice that the less-geeky room gained so many girls but didn\u2019t lose any of the boys,\u201d Master notes, adding that if schools want to raise female enrollment in computer classes, \u201cthey should make sure that the classrooms avoid stereotypes and communicate to students that everyone is welcome and belongs.\u201d\u003C\/p\u003E\n\u003Cp\u003EThe study, partially funded by the National Science Foundation, will appear in a forthcoming issue of the \u003Cem\u003EJournal of Educational Psychology.\u003C\/em\u003E\u003C\/p\u003E\n","time":{"pretty":"August 25, 2015","published":"2015-08-25 01:31:34","updated":"2015-08-25 01:31:34","minute":"1:31 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/08\/25\/girls-computer-science\/","absolute_url":"http:\/\/fortune.com\/2015\/08\/25\/girls-computer-science\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/08\/25\/girls-computer-science\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Would more girls study computer science if classrooms were \u0027less geeky\u0027?","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/08\/gettyimages-179805558.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Getty Images","caption":"","attach_id":"1267043"},"excerpt":"\u003Cp\u003EAttracting more female high school students to computer science classes might be as easy as tossing out the Star Wars posters.\u003C\/p\u003E\n","authors":[{"id":"386980","url":"http:\/\/fortune.com\/author\/anne-fisher\/","name":"Anne Fisher","twitter":"anbfisher","gplus":"","email":"askannie@fortune.com","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/anne_com.jpg?quality=80\u0026amp;w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022WRITER HEADSHOTS \u2014 Anne Fisher headshot\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2014\/05\/anne_com.jpg?quality=80\u0026w=150",150,150,true],"bio":"Anne Fisher has been writing \u0022Ask Annie,\u0022 a column on careers, for Fortune since 1996, helping readers navigate booms, recessions, changing industries, and changing ideas about what\u0027s appropriate in the workplace (and beyond). Anne is the author of two books, Wall Street Women (Knopf, 1990) and If My Career\u0027s on the Fast Track, Where Do I Get a Road Map? (William Morrow, 2001).","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":20466,"name":"Careers","slug":"careers","term_group":0,"term_taxonomy_id":46729,"taxonomy":"category","description":"News you can utilize to develop and advance your career and how to position yourself to get that great new job. ","parent":0,"count":2589,"object_id":1266701,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10273,"object_id":1266701,"filter":"raw"}],"section":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/leadership\/","newsletter_info":"Power Sheet"},"tags":[{"term_id":381596801,"name":"#ILookLikeAnEngineer","slug":"ilooklikeanengineer","term_group":0,"term_taxonomy_id":139841,"taxonomy":"post_tag","description":"","parent":0,"count":5,"object_id":1266701,"filter":"raw"},{"term_id":76910414,"name":"computer science classes","slug":"computer-science-classes","term_group":0,"term_taxonomy_id":142769,"taxonomy":"post_tag","description":"","parent":0,"count":2,"object_id":1266701,"filter":"raw"},{"term_id":220230,"name":"Future of Work","slug":"future-of-work","term_group":0,"term_taxonomy_id":120093,"taxonomy":"post_tag","description":"","parent":0,"count":272,"object_id":1266701,"filter":"raw"},{"term_id":126001,"name":"high school students","slug":"high-school-students","term_group":0,"term_taxonomy_id":127235,"taxonomy":"post_tag","description":"","parent":0,"count":3,"object_id":1266701,"filter":"raw"},{"term_id":150638520,"name":"Institute for Learning and Brain Science","slug":"institute-for-learning-and-brain-science","term_group":0,"term_taxonomy_id":142770,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1266701,"filter":"raw"},{"term_id":50867415,"name":"Journal of Educational Psychology","slug":"journal-of-educational-psychology","term_group":0,"term_taxonomy_id":142771,"taxonomy":"post_tag","description":"","parent":0,"count":1,"object_id":1266701,"filter":"raw"},{"term_id":62649,"name":"University of Washington","slug":"university-of-washington","term_group":0,"term_taxonomy_id":118518,"taxonomy":"post_tag","description":"","parent":0,"count":2,"object_id":1266701,"filter":"raw"},{"term_id":5337220,"name":"women in computer science","slug":"women-in-computer-science","term_group":0,"term_taxonomy_id":142768,"taxonomy":"post_tag","description":"","parent":0,"count":3,"object_id":1266701,"filter":"raw"},{"term_id":12282115,"name":"women in stem","slug":"women-in-stem","term_group":0,"term_taxonomy_id":118753,"taxonomy":"post_tag","description":"","parent":0,"count":11,"object_id":1266701,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"Future of Work","slug":"future-of-work","url":"http:\/\/fortune.com\/tag\/future-of-work\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Attracting more female high school students to computer science classes might be as easy as tossing out the Star Wars posters.","seo":{"seo_title":"Girls in computer science: Classroom design makes a huge difference","seo_description":"Attracting more female high school classes to computer science classes might be as easy as tossing out the Star Wars posters.","seo_keywords":"computer science, girls in science, STEM, education, gender diversity, gender bias, girls who code, #ILookLikeAnEngineer, engineering","seo_news_keywords":"computer science, girls in science, STEM, education, gender diversity, gender bias, girls who code, #ILookLikeAnEngineer, engineering","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/08\/25\/girls-computer-science\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F08%2F25%2Fgirls-computer-science%2F","shortlink":"http:\/\/for.tn\/1fDT4Ef","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1fDT4Ef","encoded_title":"Would+more+girls+study+computer+science+if+classrooms+were+%E2%80%98less+geeky%E2%80%99%3F","twitter_text":"Would more girls study computer science if classrooms were \u0027less geeky\u0027?","twitter_via":"FORTUNE","facebook_desc":"Attracting more female high school classes to computer science classes might be as easy as tossing out the Star Wars posters.","facebook_title":"Girls in computer science: Classroom design makes a huge difference"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23900,"object_id":1266701,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1266701-0","in-article-ad-1266701-1","in-article-ad-1266701-2"]},{"id":1027321,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/03\/12\/equality-for-women-in-stem-fields-easier-said-than-done\/","title":"Equality for women in STEM fields? Easier said than done","content":"\u003Cp\u003EOne of the Association for Women in Science\u2019s first actions, back when it formed in the early 1970s, was convincing Williams and Wilkins publishing company that the \u003Cem\u003EPlayboy\u00ad\u003C\/em\u003E-style photos in its just-released anatomy textbook had to go.\u003C\/p\u003E\n\u003Cp\u003EAWIS\u0026#8217;s president wrote a letter, threatened a boycott and met with the company\u2019s leaders. The efforts didn\u2019t go unrewarded: the publisher eventually yanked its new book off shelves and promised to remove the photos (and the chauvinistic captions\u2014which allegedly included \u201cUnfortunately, gentlemen, none of your patients will look as good as this\u201d\u2014that accompanied them).\u003C\/p\u003E\n\u003Cp\u003EThat textbook dustup is a story that AWIS likes to tell. It appears throughout the group\u2019s website and in assorted articles\u2014partly a nod to AWIS\u2019s history, partly a reminder of how far things have come.\u003C\/p\u003E\n\u003Cp\u003EBut have they really come \u003Cem\u003Ethat \u003C\/em\u003Efar? As the largest multi-disciplinary organization for women in STEM careers\u2014more then 20,000 members and counting\u2014AWIS\u2019s current causes are less visible and more nuanced than erotic photos on a page: fair pay, professional isolation, work-life balance, equal recognition. They\u2019re high-stakes problems that an irate letter won\u2019t solve, and as a result, the changes happen more gradually.\u003C\/p\u003E\n\u003Cp\u003E\u201cI think the progress has been slow, but cultural change is difficult, and that\u2019s what we\u2019re talking about,\u201d says Janet Bandows Koster, AWIS\u2019s CEO and executive director since 2006. \u201cHow do you change cultural practice?\u201d\u003C\/p\u003E\n\u003Cp\u003EEven as a known organization with a wide reach, it\u2019s not easy to replace the scientist-equals-man image that\u2019s so deeply embedded in our culture, she says. Four years ago, in a literal fight against that idea, AWIS led a grassroots initiative to have more women appear in Google image searches for the word \u003Cem\u003Escientist.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003E\u201cUp until then, all you saw were men, and if there was [a photo of] a woman, she was standing behind a man, who was mentoring her,\u201d Koster says. \u201cIn people\u2019s minds, the scientist is male. I think one reason is that the only female [scientist] we ever talk about is Marie Curie. Really? That was how many years ago\u2014how many centuries ago? There are women who have currently achieved incredible recognition in their fields and we don\u2019t talk about them. Those are the images we need to be putting out there. Enough with the Curie.\u201d\u003C\/p\u003E\n\u003Cp\u003EKoster says it\u2019s also a matter of vigilance\u2014something that requires more time and resources than are often available. In 2010 and 2012, AWIS partnered with 22 scholarship-focused scientific societies because women were winning so few scholarly and research awards. They ran several interventions, including implicit bias training for awards committees, and the numbers did go up\u0026#8230; Until the intervention grant ended.\u003C\/p\u003E\n\u003Cp\u003E\u201cAs soon as we stopped\u2014well, we just got the 2014 numbers, and some of the societies that were doing so well just dropped right back down again,\u201d Koster says. \u201cI think it\u2019s constant vigilance. It\u2019s constantly paying attention.\u201d\u003C\/p\u003E\n\u003Cp\u003EProgress has even been stymied by some within AWIS. \u201cWe\u2019ve had some of our older members say, \u2018We really don\u2019t see that there\u2019s a problem for young women anymore. We solved the problem,\u2019\u201d Koster says. \u201cA lot of people think that there are no more problems for women, and I think that truly is one of the big issues.\u201d\u003C\/p\u003E\n\u003Cp\u003EMost of the roadblocks are external, though. AWIS often hears the \u201cwe\u2019re-not-going-to-lower-our-standards\u201d argument when it tries to get prestigious research organizations to recruit more women\u2014and there\u2019s the fact that fewer women are in leadership roles, which means there\u2019s less opportunity for women to promote other women. Koster also mentions something she calls the Queen Bee Syndrome, a mentality that \u201cthere are only so many seats at the table, and I had to work really hard my entire life to get this seat at the table, and I\u2019m not sharing it with anybody.\u201d\u003C\/p\u003E\n\u003Cp\u003EBut AWIS keeps pushing forward. They\u2019ve had some notable wins over the years, from successfully suing the National Institutes of Health in 1974 to include more women on peer review panels, to their ongoing push to strengthen Title IX\u2019s application in STEM departments\u2014as a means of protecting educational equality for girls and women, and of championing equal lab space and other resources at research universities.\u003C\/p\u003E\n\u003Cp\u003EThey also have a public policy fellow who works with Congress and federal agencies on issues that impact women in STEM fields. Last year, AWIS had what Koster calls \u201ca great victory\u201d when the Office of Management and Budget revised its guidelines, allowing federal grant money to be used to support parental leave and childcare.\u003C\/p\u003E\n\u003Cp\u003EWhile their advocacy centers on women, Koster says issues like parental leave affect everyone. Making that known is one of the group\u2019s current strategies. In a book published last year, \u003Cem\u003EEquitable Solutions for Retaining a Robust STEM Workforce: Beyond Best Practice, \u003C\/em\u003EAWIS surveyed men and women on work-life balance. Rather than dividing by gender, Koster says the responses were split by age.\u003C\/p\u003E\n\u003Cp\u003E\u201cBoth men and women were equally concerned about work-life integration issues,\u201d she says. \u201cIt makes that statement we\u2019re trying to promote: a lot of these aren\u2019t just gender issues, they\u2019re workplace issues. If the workplace does not change to accommodate a younger cadre of workers, we\u2019re going to have a difficult time maintaining and retaining a skilled workforce\u2014and we\u2019re going to be losing a lot of good folks.\u201d\u003C\/p\u003E\n","time":{"pretty":"March 12, 2015","published":"2015-03-12 07:00:36","updated":"2015-03-12 07:00:36","minute":"7:00 AM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/03\/12\/equality-for-women-in-stem-fields-easier-said-than-done\/","absolute_url":"http:\/\/fortune.com\/2015\/03\/12\/equality-for-women-in-stem-fields-easier-said-than-done\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/03\/12\/equality-for-women-in-stem-fields-easier-said-than-done\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"","post_type":"post","featured_type":"image","featured_image":{"src":"http:\/\/i0.wp.com\/fortunedotcom.files.wordpress.com\/2014\/12\/ap13022012274.jpg?crop=0px%2C100px%2C3000px%2C1731px\u0026resize=840%2C485\u0026quality=80\u0026strip","class":"featured-img-article_full","credit":"Photograph by Peter Kramer\u2014 NBC\/AP","caption":"Yahoo CEO Marissa Mayer is one of the most prominent women CEOs with a STEM background.","attach_id":"897118"},"excerpt":"\u003Cp\u003EJanet Bandows Koster, CEO of the Association for Women in Science, talks about her organization\u0026#8217;s push to help women in STEM industries get on equal ground with the guys\u2014and why, even after 45 years, that\u2019s still so difficult.\u003C\/p\u003E\n","authors":[{"id":"896166","url":"http:\/\/fortune.com\/author\/molly-petrilla\/","name":"Molly Petrilla","twitter":"","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10273,"filter":"raw"},{"term_id":911967,"name":"MPW","slug":"mpw","term_group":0,"term_taxonomy_id":116938,"taxonomy":"category","description":"Fortune\u0027s coverage of the Most Powerful Women in business.","parent":0,"count":2116,"filter":"raw"},{"term_id":318,"name":"Tech","slug":"tech","term_group":0,"term_taxonomy_id":46728,"taxonomy":"category","description":"News, analysis, and insight into technology and business, including Silicon Valley giants like Apple, Google, Facebook, and our annual Brainstorm Tech conference.","parent":0,"count":22100,"filter":"raw"}],"section":{"name":"MPW","slug":"mpw","url":"http:\/\/fortune.com\/mpw\/","newsletter_info":"The Broadsheet"},"tags":[{"term_id":9313421,"name":"awis","slug":"awis","term_group":0,"term_taxonomy_id":126374,"taxonomy":"post_tag","description":"","parent":0,"count":1,"filter":"raw"},{"term_id":48768310,"name":"girls in stem","slug":"girls-in-stem","term_group":0,"term_taxonomy_id":118754,"taxonomy":"post_tag","description":"","parent":0,"count":3,"filter":"raw"},{"term_id":38416221,"name":"STEM","slug":"stem-2","term_group":0,"term_taxonomy_id":58219,"taxonomy":"post_tag","description":"","parent":0,"count":30,"filter":"raw"},{"term_id":232772,"name":"women in science","slug":"women-in-science","term_group":0,"term_taxonomy_id":119185,"taxonomy":"post_tag","description":"","parent":0,"count":4,"filter":"raw"},{"term_id":12282115,"name":"women in stem","slug":"women-in-stem","term_group":0,"term_taxonomy_id":118753,"taxonomy":"post_tag","description":"","parent":0,"count":11,"filter":"raw"},{"term_id":459627,"name":"women in tech","slug":"women-in-tech","term_group":0,"term_taxonomy_id":115227,"taxonomy":"post_tag","description":"","parent":0,"count":51,"filter":"raw"}],"has_commentary_tag":false,"primary_tag":{"name":"STEM","slug":"stem-2","url":"http:\/\/fortune.com\/tag\/stem-2\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Janet Bandows Koster, CEO of the Association for Women in Science, talks about her organization\u0026#8217;s push to help women in STEM industries get on equal ground with the guys\u2014and why, even after 45 years, that\u2019s still so difficult.","seo":{"seo_title":"Equality for women in STEM fields? 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Easier said than done"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23900,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1027321-0","in-article-ad-1027321-1"]}]},"id":1402839,"ad":{"type":"ad"},"button_ads":true},"in_article_ad_id":["in-article-ad-1402839-0","in-article-ad-1402839-1","in-article-ad-1402839-2"]},{"id":1402982,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/successful-career-change-blog\/","title":"The key to a successful career change: start a blog","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by Peter Thomson, marketing director of SeedInvest. \u003C\/span\u003E\u003C\/em\u003E\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cspan class=\u0022s1\u0022\u003EBlogging. Or in other words, always sharing what I\u0026#8217;m learning with others. \u003C\/span\u003EI\u0026#8217;m \u003Cspan class=\u0022s1\u0022\u003Econstantly \u003C\/span\u003Etelling clients and friends to \u0026#8220;blog the journey\u0026#8221;. \u003Cspan class=\u0022s1\u0022\u003EOver the years,\u003C\/span\u003E I\u0026#8217;ve found that sharing lessons \u003Cspan class=\u0022s1\u0022\u003Ealong the way \u003C\/span\u003Ewith other people always pays dividends through increased connections or, \u003Cspan class=\u0022s1\u0022\u003Eat the very \u003C\/span\u003Eleast, solidifying \u003Cspan class=\u0022s1\u0022\u003Eyour own\u003C\/span\u003E knowledge.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EI started my career as a venture capital lawyer, so I\u0026#8217;ve had a fairly unconventional journey into the marketing profession. \u003Cspan class=\u0022s1\u0022\u003EAnd\u003C\/span\u003E at each step along \u003Cspan class=\u0022s1\u0022\u003Ethe\u003C\/span\u003E journey I\u0026#8217;ve tried to \u003Cspan class=\u0022s1\u0022\u003Emake\u003C\/span\u003E the time to \u003Cspan class=\u0022s1\u0022\u003Etake\u003C\/span\u003E notes on what I\u0026#8217;m learning and to share \u003Cspan class=\u0022s1\u0022\u003Ethese \u003C\/span\u003Elessons \u003Cspan class=\u0022s1\u0022\u003Ewith\u003C\/span\u003E other professionals through blogging and public speaking. The value of leaving these little breadcrumbs along the trail wasn\u0026#8217;t immediately obvious at first. But over time, my notes on the marketing profession have compounded into dozens of blog posts and a published book on digital marketing. The readers of these pieces have been a consistent source of clients, introductions and even a few friends. \u003Cspan class=\u0022s1\u0022\u003EIn fact, my current role at SeedInvest\u003C\/span\u003E came about mainly through a series of coincidences that started with someone who read one of my blog posts that I\u0026#8217;d written years ago.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/\u0022 target=\u0022_blank\u0022\u003EThe secret to dealing with difficult coworkers\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EI\u0026#8217;ve found that the most interesting writing isn\u0026#8217;t over-polished think-pieces about business theory, instead I\u0026#8217;ve learned the power of the truism in the newspaper industry that \u0026#8220;if it bleeds, it leads\u0026#8221;. In business this means that it\u0026#8217;s always better to share honest lessons from real world experience. These days my work focuses on helping startups to raise capital online and the lessons that I\u0026#8217;m learning about how equity crowdfunding works in practice are hard-won. There are no existing guides to marketing best practices for equity crowdfunding; the whole industry is learning as we go along. This makes every day exciting and it makes the task of sharing the journey that much more worthwhile.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003ERead all responses to the Leadership Insider question: \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E by Stephen Cannon, CEO of Mercedes-Benz USA.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 01:40:19","updated":"2015-11-02 01:40:19","minute":"1:40 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The key to a successful career change: start a blog","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/peter-thomson-headshot.png?w=407","class":"featured-img-article_portrait","credit":"","caption":"Peter Thomson, marketing director of SeedInvest","attach_id":"1403020"},"excerpt":"\u003Cp\u003EThe pay off is worth the time. \u003C\/p\u003E\n","authors":[{"id":"1403008","url":"http:\/\/fortune.com\/author\/peter-thomson\/","name":"Peter Thomson","twitter":"PeterJThomson","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002259\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/peter-thomson-headshot.png?w=59\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022Peter Thomson, marketing director of SeedInvest\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/peter-thomson-headshot.png?w=150",150,150,true],"bio":"Peter Thomson is the marketing director of SeedInvest.","title":"marketing director","company":"SeedInvest","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1203,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10273,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1323,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":516,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The pay off is worth the time.","seo":{"seo_title":"The Key To A Successful Career Change: Start A Blog","seo_description":"Peter Thomson, marketing director of SeedInvest, shares the key to a successful career change.","seo_keywords":"Peter Thomson, SeedInvest, changing, career, career change, blog, equity crowdfunding, business lesson, lesson","seo_news_keywords":"Peter Thomson, SeedInvest, changing, career, career change, blog, equity crowdfunding, business lesson, lesson","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fsuccessful-career-change-blog%2F","shortlink":"http:\/\/for.tn\/1WtPaN4","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1WtPaN4","encoded_title":"The+key+to+a+successful+career+change%3A+start+a+blog","twitter_text":"The key to a successful career change: start a blog","twitter_via":"FORTUNE","facebook_desc":"Peter Thomson, marketing director of SeedInvest, shares the key to a successful career change.","facebook_title":"The Key To A Successful Career Change: Start A Blog"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23900,"filter":"raw"},"related_posts":[{"id":1403520,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/11\/02\/entrepreneur-priority-starting-business\/","title":"This Should Be Every Entrepreneurs Top Priority When Starting a Business","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by Paula Long, CEO and cofounder of DataGravity. \u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EI was lucky enough to join a company that didn\u0026#8217;t succeed during the 2000 \u003Cspan class=\u0022s1\u0022\u003Edot.com\u003C\/span\u003E bubble. Yes, you read that correctly. The vision for the company was amazing. The available market was huge. I had friends and past co-workers there. So, why weren\u0026#8217;t we wildly successful like others in our space? While the company \u003Cspan class=\u0022s1\u0022\u003Eeventually built\u003C\/span\u003E an amazing user interface, it didn\u0026#8217;t understand its customers or its customers\u2019 environments. Here are the \u003Cspan class=\u0022s1\u0022\u003Etwo most important \u003C\/span\u003Ethings I learned from this failure:\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EKnow your customers\u003Cbr \/\u003E\n\u003C\/b\u003EWe built an application for website content management and high availability. Care to guess which industry had the largest number of commercial websites with enough revenue to pay for the product in 2000? If you guessed the adult entertainment industry, you\u2019re correct. Our founders were reluctant to sell to that market. So we built a \u003Cspan class=\u0022s1\u0022\u003Ew\u003C\/span\u003Eeb management product, and we weren\u2019t comfortable selling it to the largest pool of potential customers. Really? I won\u2019t make a moral statement either way, but these were the most profitable companies running websites at the time, and they were the largest buyers of new technology. We should have known this before we started.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/11\/02\/successful-career-change-blog\/\u0022 target=\u0022_blank\u0022\u003EThe key to a successful career change: start a blog\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EThere\u0026#8217;s no such thing as \u201cbad\u201d customers\u003Cbr \/\u003E\n\u003C\/b\u003EThere are only badly designed products. During my tenure at this company, the person running engineering left. Hiring someone new for the role didn\u2019t make sense for a lot of reasons, so I was nominated to lead the team. Customer support fell under engineering and we only had one support person on call 24\/7, so I sat in on a bunch of calls and internal meetings about customer problems. I quickly noticed a theme that drove me crazy: engineers would dismiss issues because they were problems in the customer environment or the \u201ccustomer misused the product.\u201d It took me awhile to reset the culture, but I eventually made sure the engineering team always tested products in environments that weren\u2019t \u201cperfect.\u201d Customer have no idea what you intend to provide; they can only use what you put in front of them. You need to be defensive in your designs and programming so the path to trouble is limited. It was in this role when I made customer happiness my number one priority.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EEarlier I said this company\u2019s lack of success was a fortunate experience for me, and it was. It shaped the way I approach product definitions, build teams, and prioritize customer happiness. I saw the struggle both employees and customers can go through when there isn\u2019t a focus on the customers. It may be easier said than done, but once you\u0026#8217;ve experienced this type of failure, understanding customers becomes imperative.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003ERead all responses to the Leadership Insider question: \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/\u0022 target=\u0022_blank\u0022\u003EThe secret to dealing with difficult coworkers\u003C\/a\u003E \u003C\/em\u003Eby Clark Valberg, CEO of InVision.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E \u003C\/em\u003Eby Stephen Cannon, CEO of Mercedes-Benz USA.\u003C\/p\u003E\n","time":{"pretty":"November 2, 2015","published":"2015-11-02 04:06:41","updated":"2015-11-02 04:06:41","minute":"4:06 PM EST","is_same_day":true,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneur-priority-starting-business\/","absolute_url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneur-priority-starting-business\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneur-priority-starting-business\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"This Should Be Every Entrepreneurs Top Priority When Starting a Business","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/11\/gettyimages-515028379.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photography -- Getty Images","caption":"","attach_id":"1403741"},"excerpt":"\u003Cp\u003EIt could prevent you from failure down the road. \u003C\/p\u003E\n","authors":[{"id":"1403527","url":"http:\/\/fortune.com\/author\/paula-long\/","name":"Paula Long","twitter":"DataGravityInc","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"Paula Long is the CEO and co-founder of DataGravity.","title":"CEO and cofounder","company":"DataGravity","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1207,"object_id":1403520,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10278,"object_id":1403520,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1325,"object_id":1403520,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":517,"object_id":1403520,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It could prevent you from failure down the road.","seo":{"seo_title":"This Should Be Every Entrepreneurs Top Priority When Starting a Business","seo_description":"Paula Long, CEO and cofounder of DataGravity, shares what every entrepreneurs top priority should be when starting a business.","seo_keywords":"Paula Long, DataGravity, entrepreneur, priority, top priority, business, business lesson, customers, customer service","seo_news_keywords":"Paula Long, DataGravity, entrepreneur, priority, top priority, business, business lesson, customers, customer service","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/11\/02\/entrepreneur-priority-starting-business\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F11%2F02%2Fentrepreneur-priority-starting-business%2F","shortlink":"http:\/\/for.tn\/1Q6gRfk","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1Q6gRfk","encoded_title":"This+Should+Be+Every+Entrepreneurs+Top+Priority+When+Starting+a+Business","twitter_text":"This should be every entrepreneurs top priority when starting a business","twitter_via":"FORTUNE","facebook_desc":"It could prevent you from failure down the road.","facebook_title":"This Should Be Every Entrepreneurs Top Priority When Starting a Business"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23918,"object_id":1403520,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1403520-0"]},{"id":1398536,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/31\/manager-boost-employee-happiness\/","title":"What every manager can do to boost employee happiness","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by William Craig, founder and president of WebpageFX.\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EEarly in my career, I learned that being successful at your job \u0026#8212; whether as an employee or as the CEO of your own company \u0026#8212; doesn\u2019t have to mean isolating work from the rest of your life. A lot of professionals will tell you that you should have a \u0026#8220;work-life balance\u201d but, for many people, this means focusing on work at work and focusing on your family or personal interests at home. And that may work for some people but, for many, it becomes a complicated balancing act of fitting all of your errands into the weekend while trying to stay productive at the office during the week. \u003Cspan class=\u0022s1\u0022\u003EYet my wife (co-founder and COO) and I credit the success of WebpageFX to our belief in\u003C\/span\u003E work-life integration, \u003Cspan class=\u0022s1\u0022\u003Enot work-life balance.\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003EContrary to the idea\u003C\/span\u003E of work-life balance, the concept of work-life integration means that work and life are always interacting. \u003Cspan class=\u0022s1\u0022\u003EHere\u0026#8217;s how to create a work environment that accommodates both personal and professional needs:\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003ECreate policies you would enjoy following\u003Cbr \/\u003E\n\u003C\/b\u003EWhen I was working in the corporate world \u0026#8212; before starting my own business \u0026#8212; I had to be at work each day by 8:00 A.M. If I needed to come in after 8:00 A.M, I had to use my accrued PTO to account for the absence. So if I had a dentist or a car service appointment in the morning, I had to use my personal PTO to make up for it. By the end of the year, half of my precious vacation days had been used on simple errands. When we started our company, this was something that really resonated with me. I didn\u2019t want to make our employees choose between taking care of business at home or being productive at work. Instead, we\u2019ve created flexible working policies that we would enjoy following ourselves. This doesn\u2019t mean that we work 24\/7, or that we do our grocery shopping on company time. Rather, it means that we always acknowledge that both parts of our lives exist. We encourage fun events in our company\u2019s office, but \u003Cspan class=\u0022s1\u0022\u003Ewe\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003Ealso\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003Efind\u003C\/span\u003E work-related inspiration on the weekends.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ESe\u003Cem\u003Ee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/\u0022 target=\u0022_blank\u0022\u003EThe secret to dealing with difficult coworkers\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EProvide flexible \u003C\/b\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Cb\u003Ework hours\u003C\/b\u003E\u003C\/span\u003E\u003Cb\u003E\u003Cbr \/\u003E\n\u003C\/b\u003EAs it turns out, work-life integration is also something that many millennials look for in a job. \u003Cspan class=\u0022s2\u0022\u003E\u003Ca href=\u0022http:\/\/www.forbes.com\/sites\/robasghar\/2014\/01\/13\/what-millennials-want-in-the-workplace-and-why-you-should-start-giving-it-to-them\/\u0022 target=\u0022_blank\u0022\u003EEighty-eight percent\u003C\/a\u003E\u003C\/span\u003E want a company culture that allows their working and personal lives to blend together. The best thing an employer can do to improve employees\u2019 personal lives and work productivity is offer adaptable working hours and generous flextime policies. Not only does our company offer flexible starting times, but we also offer additional flex hours for employees to use in the event of necessary errands or personal responsibilities. Need to leave mid-day for a doctor\u2019s appointment? No problem, you can make up the hours in the same week. Did your daycare cancel at the last minute? No worries there, either. You can take time to find babysitter and come into work around 10:00 A.M., without fear of being scrutinized for coming in late.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EMake sick leave flexible, too\u003Cbr \/\u003E\n\u003C\/b\u003EMost companies separate sick leave from vacation days. However, we\u2019ve all had a friend at one point or another who\u2019s run out of vacation days and used a sick day to stay home and recharge. My question is, why beat around the bush? Rather than putting employees in a situation where they might be enticed to lie about their absence, combine the hours you \u003Cspan class=\u0022s1\u0022\u003Eprovide\u003C\/span\u003E for sick leave and PTO. This way, if your employees don\u2019t get sick, they will simply have more vacation days. This can create more transparency in the workplace, and also has the potential to reduce employee \u003Cspan class=\u0022s1\u0022\u003Eabsences\u003C\/span\u003E. After all, would you take random sick days if you could save them for a beach vacation?\u003C\/p\u003E\n\u003Cp class=\u0022p4\u0022\u003E\u003Cem\u003ERead all answers to the Leadership Insider question:\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EWhat\u2019s the most important lesson you\u2019ve learned in your career?\u003C\/span\u003E\u003C\/em\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p4\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E by Stephen Cannon, CEO of Mercedes-Benz USA.\u003C\/p\u003E\n","time":{"pretty":"October 31, 2015","published":"2015-10-31 10:00:33","updated":"2015-10-31 10:00:33","minute":"10:00 AM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"What every manager can do to boost employee happiness ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-127540653-2.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph Andy Ryan \u2014 Getty Images","caption":"","attach_id":"1398742"},"excerpt":"\u003Cp\u003EIt\u0026#8217;s something many millennials look for in a job.\u003C\/p\u003E\n","authors":[{"id":"1201236","url":"http:\/\/fortune.com\/author\/william-craig\/","name":"William Craig","twitter":"webpagefx","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"founder and president","company":"WebpageFX","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10269,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It\u0026#8217;s something many millennials look for in a job.","seo":{"seo_title":"What Every Manager Can Do To Boost Employee Happiness","seo_description":"William Craig, founder and president of WebpageFX, shares what every manager can do to boost employee happiness.","seo_keywords":"William Craig, WebpageFX, manager, employee, employee happiness, boost, work-life balance, work-life integration, career","seo_news_keywords":"William Craig, WebpageFX, manager, employee, employee happiness, boost, work-life balance, work-life integration, career","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F31%2Fmanager-boost-employee-happiness%2F","shortlink":"http:\/\/for.tn\/1SdeAy7","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1SdeAy7","encoded_title":"What+every+manager+can+do+to+boost+employee+happiness","twitter_text":"What every manager can do to boost employee happiness ","twitter_via":"FORTUNE","facebook_desc":"William Craig, founder and president of WebpageFX, shares what every manager can do to boost employee happiness.","facebook_title":"What Every Manager Can Do To Boost Employee Happiness"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23873,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1398536-0"]},{"id":1396695,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/secret-difficult-coworkers\/","title":"The secret to dealing with difficult coworkers","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by \u003C\/span\u003EClark Valberg, CEO of InVision.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ERaise your hand if you\u2019ve heard or said this before: \u201cThings would be great if it weren\u2019t for our customers.\u201d Before founding InVision, I worked as a consultant. All too often I\u2019d hear and participate in conversations that included statements like that. Consulting can be a sharply cynical field, and anyone interacting with clients in a creative role knows it.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut that kind of thinking led me to a profound shift in my approach to business, customers and the way I communicate. Over time I realized that instead of blaming the uninformed customer or difficult client, a more productive approach is to recognize that customers don\u2019t always know what they need even when they tell you exactly what they want\u2014and it\u2019s up to me to be a better communicator.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EA lot of this can be blamed on structure. When you\u2019re communicating with liaisons instead of actual decision makers, fumbles happen. Things get lost in translation. You start down a road that ultimately leads to failure without knowing that you were doomed from the start. Through this, I\u2019ve learned not to take instruction, but to act as a thoughtful interpreter. Here are some ways to make that process easier:\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cb\u003EDon\u2019t be intimidated to go directly to stakeholders\u003Cbr \/\u003E\n\u003C\/b\u003EThis can be especially hard when you\u2019re dealing with a more \u201cold school\u201d model of business, with layers of authority and bureaucracy. If that\u2019s the case, ask the powers that be for explicit permission to go directly to the source. They\u2019ll probably gladly agree. Then, don\u2019t be afraid to go for it. You\u2019ll establish yourself as an individual who values clarity and direct communication.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003EBe judicious with email\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EI have a rule of thumb \u003Cspan class=\u0022s2\u0022\u003Efor email: \u003C\/span\u003EIf there is a highly likely chance that a piece of information would be misconstrued or take on an unintended emotional bent, the conversation must be had in real time, either in person or on the phone. Email has a way of creating confusion and miscommunication, especially around delicate issues. Get on the phone or sit down across from one another and have a one-on-one conversation.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cb\u003EEmbrace your role as a \u003C\/b\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003Ecommunicator\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EBy following the \u003Cspan class=\u0022s2\u0022\u003Etwo \u003C\/span\u003Esteps above, you\u2019ll establish yourself as a conduit for useful communication. Some might fear this responsibility, but if you\u2019re leader material, you\u2019ll embrace it. This transitional role will give you a strong grasp on how communication is flowing, and enables you to understand the big picture before making changes.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003EBe efficient\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EEven for the most ambitious leader, being a hub of communication can be intense and time consuming. Look for ways to institute efficiencies, like incorporating Slack into your process, to make communication with your team and clients more \u003Cspan class=\u0022s2\u0022\u003Eorganized. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EMy \u201caha moment\u201d came when I realized that above all else, a good leader is a master communicator. That\u2019s often misconstrued as being a master of persuasion, or worse, manipulation, but that\u2019s not what I mean. Being a good communicator starts with being an empathetic listener who\u2019s able to get the information needed and distill it down for actionable use.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 02:45:47","updated":"2015-10-29 02:45:47","minute":"2:45 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The secret to dealing with difficult coworkers ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/07\/clark_valberg.jpeg?quality=80\u0026w=356","class":"featured-img-article_portrait","credit":"","caption":"Clark Valberg, CEO of InVision","attach_id":"1217820"},"excerpt":"\u003Cp\u003EEvery successful leader knows it. \u003C\/p\u003E\n","authors":[{"id":"1217822","url":"http:\/\/fortune.com\/author\/clark-valberg\/","name":"Clark Valberg","twitter":"ClarkValberg","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"CEO","company":"InVision","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10262,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Every successful leader knows it.","seo":{"seo_title":"The Secret To Dealing With Difficult Coworkers","seo_description":"Clark Valberg, CEO of InVision, shares the secret to dealing with difficult coworkers.","seo_keywords":"Clark Valberg, InVision, secret, difficult, coworkers, colleagues, leader, communicate, communicator","seo_news_keywords":"Clark Valberg, InVision, secret, difficult, coworkers, colleagues, leader, communicate, communicator","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F29%2Fsecret-difficult-coworkers%2F","shortlink":"http:\/\/for.tn\/1LZXfnK","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1LZXfnK","encoded_title":"The+secret+to+dealing+with+difficult+coworkers","twitter_text":"The secret to dealing with difficult coworkers ","twitter_via":"FORTUNE","facebook_desc":"Clark Valberg, CEO of InVision, shares the secret to dealing with difficult coworkers.","facebook_title":"The Secret To Dealing With Difficult Coworkers"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23872,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396695-0"]}],"right_rail_layout":"default","right_rail_modules":{"related":{"articles":[{"id":1398536,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/31\/manager-boost-employee-happiness\/","title":"What every manager can do to boost employee happiness","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by William Craig, founder and president of WebpageFX.\u003C\/span\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EEarly in my career, I learned that being successful at your job \u0026#8212; whether as an employee or as the CEO of your own company \u0026#8212; doesn\u2019t have to mean isolating work from the rest of your life. A lot of professionals will tell you that you should have a \u0026#8220;work-life balance\u201d but, for many people, this means focusing on work at work and focusing on your family or personal interests at home. And that may work for some people but, for many, it becomes a complicated balancing act of fitting all of your errands into the weekend while trying to stay productive at the office during the week. \u003Cspan class=\u0022s1\u0022\u003EYet my wife (co-founder and COO) and I credit the success of WebpageFX to our belief in\u003C\/span\u003E work-life integration, \u003Cspan class=\u0022s1\u0022\u003Enot work-life balance.\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003EContrary to the idea\u003C\/span\u003E of work-life balance, the concept of work-life integration means that work and life are always interacting. \u003Cspan class=\u0022s1\u0022\u003EHere\u0026#8217;s how to create a work environment that accommodates both personal and professional needs:\u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003ECreate policies you would enjoy following\u003Cbr \/\u003E\n\u003C\/b\u003EWhen I was working in the corporate world \u0026#8212; before starting my own business \u0026#8212; I had to be at work each day by 8:00 A.M. If I needed to come in after 8:00 A.M, I had to use my accrued PTO to account for the absence. So if I had a dentist or a car service appointment in the morning, I had to use my personal PTO to make up for it. By the end of the year, half of my precious vacation days had been used on simple errands. When we started our company, this was something that really resonated with me. I didn\u2019t want to make our employees choose between taking care of business at home or being productive at work. Instead, we\u2019ve created flexible working policies that we would enjoy following ourselves. This doesn\u2019t mean that we work 24\/7, or that we do our grocery shopping on company time. Rather, it means that we always acknowledge that both parts of our lives exist. We encourage fun events in our company\u2019s office, but \u003Cspan class=\u0022s1\u0022\u003Ewe\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003Ealso\u003C\/span\u003E \u003Cspan class=\u0022s1\u0022\u003Efind\u003C\/span\u003E work-related inspiration on the weekends.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ESe\u003Cem\u003Ee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/\u0022 target=\u0022_blank\u0022\u003EThe secret to dealing with difficult coworkers\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EProvide flexible \u003C\/b\u003E\u003Cspan class=\u0022s1\u0022\u003E\u003Cb\u003Ework hours\u003C\/b\u003E\u003C\/span\u003E\u003Cb\u003E\u003Cbr \/\u003E\n\u003C\/b\u003EAs it turns out, work-life integration is also something that many millennials look for in a job. \u003Cspan class=\u0022s2\u0022\u003E\u003Ca href=\u0022http:\/\/www.forbes.com\/sites\/robasghar\/2014\/01\/13\/what-millennials-want-in-the-workplace-and-why-you-should-start-giving-it-to-them\/\u0022 target=\u0022_blank\u0022\u003EEighty-eight percent\u003C\/a\u003E\u003C\/span\u003E want a company culture that allows their working and personal lives to blend together. The best thing an employer can do to improve employees\u2019 personal lives and work productivity is offer adaptable working hours and generous flextime policies. Not only does our company offer flexible starting times, but we also offer additional flex hours for employees to use in the event of necessary errands or personal responsibilities. Need to leave mid-day for a doctor\u2019s appointment? No problem, you can make up the hours in the same week. Did your daycare cancel at the last minute? No worries there, either. You can take time to find babysitter and come into work around 10:00 A.M., without fear of being scrutinized for coming in late.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cb\u003EMake sick leave flexible, too\u003Cbr \/\u003E\n\u003C\/b\u003EMost companies separate sick leave from vacation days. However, we\u2019ve all had a friend at one point or another who\u2019s run out of vacation days and used a sick day to stay home and recharge. My question is, why beat around the bush? Rather than putting employees in a situation where they might be enticed to lie about their absence, combine the hours you \u003Cspan class=\u0022s1\u0022\u003Eprovide\u003C\/span\u003E for sick leave and PTO. This way, if your employees don\u2019t get sick, they will simply have more vacation days. This can create more transparency in the workplace, and also has the potential to reduce employee \u003Cspan class=\u0022s1\u0022\u003Eabsences\u003C\/span\u003E. After all, would you take random sick days if you could save them for a beach vacation?\u003C\/p\u003E\n\u003Cp class=\u0022p4\u0022\u003E\u003Cem\u003ERead all answers to the Leadership Insider question:\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EWhat\u2019s the most important lesson you\u2019ve learned in your career?\u003C\/span\u003E\u003C\/em\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p4\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E by Stephen Cannon, CEO of Mercedes-Benz USA.\u003C\/p\u003E\n","time":{"pretty":"October 31, 2015","published":"2015-10-31 10:00:33","updated":"2015-10-31 10:00:33","minute":"10:00 AM EST","is_same_day":false,"is_home_pop":true},"comment_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"What every manager can do to boost employee happiness ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-127540653-2.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph Andy Ryan \u2014 Getty Images","caption":"","attach_id":"1398742"},"excerpt":"\u003Cp\u003EIt\u0026#8217;s something many millennials look for in a job.\u003C\/p\u003E\n","authors":[{"id":"1201236","url":"http:\/\/fortune.com\/author\/william-craig\/","name":"William Craig","twitter":"webpagefx","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"founder and president","company":"WebpageFX","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10269,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"It\u0026#8217;s something many millennials look for in a job.","seo":{"seo_title":"What Every Manager Can Do To Boost Employee Happiness","seo_description":"William Craig, founder and president of WebpageFX, shares what every manager can do to boost employee happiness.","seo_keywords":"William Craig, WebpageFX, manager, employee, employee happiness, boost, work-life balance, work-life integration, career","seo_news_keywords":"William Craig, WebpageFX, manager, employee, employee happiness, boost, work-life balance, work-life integration, career","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/31\/manager-boost-employee-happiness\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F31%2Fmanager-boost-employee-happiness%2F","shortlink":"http:\/\/for.tn\/1SdeAy7","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1SdeAy7","encoded_title":"What+every+manager+can+do+to+boost+employee+happiness","twitter_text":"What every manager can do to boost employee happiness ","twitter_via":"FORTUNE","facebook_desc":"William Craig, founder and president of WebpageFX, shares what every manager can do to boost employee happiness.","facebook_title":"What Every Manager Can Do To Boost Employee Happiness"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23877,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1398536-0"]},{"id":1396695,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/29\/secret-difficult-coworkers\/","title":"The secret to dealing with difficult coworkers","content":"\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Cspan class=\u0022s1\u0022\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cWhat\u2019s the most important lesson you\u2019ve learned in your career?\u201d \u003C\/span\u003E\u003Cspan class=\u0022s1\u0022\u003Eis by \u003C\/span\u003EClark Valberg, CEO of InVision.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003ERaise your hand if you\u2019ve heard or said this before: \u201cThings would be great if it weren\u2019t for our customers.\u201d Before founding InVision, I worked as a consultant. All too often I\u2019d hear and participate in conversations that included statements like that. Consulting can be a sharply cynical field, and anyone interacting with clients in a creative role knows it.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EBut that kind of thinking led me to a profound shift in my approach to business, customers and the way I communicate. Over time I realized that instead of blaming the uninformed customer or difficult client, a more productive approach is to recognize that customers don\u2019t always know what they need even when they tell you exactly what they want\u2014and it\u2019s up to me to be a better communicator.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EA lot of this can be blamed on structure. When you\u2019re communicating with liaisons instead of actual decision makers, fumbles happen. Things get lost in translation. You start down a road that ultimately leads to failure without knowing that you were doomed from the start. Through this, I\u2019ve learned not to take instruction, but to act as a thoughtful interpreter. Here are some ways to make that process easier:\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cb\u003EDon\u2019t be intimidated to go directly to stakeholders\u003Cbr \/\u003E\n\u003C\/b\u003EThis can be especially hard when you\u2019re dealing with a more \u201cold school\u201d model of business, with layers of authority and bureaucracy. If that\u2019s the case, ask the powers that be for explicit permission to go directly to the source. They\u2019ll probably gladly agree. Then, don\u2019t be afraid to go for it. You\u2019ll establish yourself as an individual who values clarity and direct communication.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/29\/plan-for-successful-career\/\u0022 target=\u0022_blank\u0022\u003EThe best way to plan for a successful career? Forget the plan\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003EBe judicious with email\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EI have a rule of thumb \u003Cspan class=\u0022s2\u0022\u003Efor email: \u003C\/span\u003EIf there is a highly likely chance that a piece of information would be misconstrued or take on an unintended emotional bent, the conversation must be had in real time, either in person or on the phone. Email has a way of creating confusion and miscommunication, especially around delicate issues. Get on the phone or sit down across from one another and have a one-on-one conversation.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cb\u003EEmbrace your role as a \u003C\/b\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003Ecommunicator\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EBy following the \u003Cspan class=\u0022s2\u0022\u003Etwo \u003C\/span\u003Esteps above, you\u2019ll establish yourself as a conduit for useful communication. Some might fear this responsibility, but if you\u2019re leader material, you\u2019ll embrace it. This transitional role will give you a strong grasp on how communication is flowing, and enables you to understand the big picture before making changes.\u003C\/p\u003E\n\u003Cp class=\u0022p2\u0022\u003E\u003Cspan class=\u0022s2\u0022\u003E\u003Cb\u003EBe efficient\u003Cbr \/\u003E\n\u003C\/b\u003E\u003C\/span\u003EEven for the most ambitious leader, being a hub of communication can be intense and time consuming. Look for ways to institute efficiencies, like incorporating Slack into your process, to make communication with your team and clients more \u003Cspan class=\u0022s2\u0022\u003Eorganized. \u003C\/span\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003EMy \u201caha moment\u201d came when I realized that above all else, a good leader is a master communicator. That\u2019s often misconstrued as being a master of persuasion, or worse, manipulation, but that\u2019s not what I mean. Being a good communicator starts with being an empathetic listener who\u2019s able to get the information needed and distill it down for actionable use.\u003C\/p\u003E\n","time":{"pretty":"October 29, 2015","published":"2015-10-29 02:45:47","updated":"2015-10-29 02:45:47","minute":"2:45 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"The secret to dealing with difficult coworkers ","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/07\/clark_valberg.jpeg?quality=80\u0026w=356","class":"featured-img-article_portrait","credit":"","caption":"Clark Valberg, CEO of InVision","attach_id":"1217820"},"excerpt":"\u003Cp\u003EEvery successful leader knows it. \u003C\/p\u003E\n","authors":[{"id":"1217822","url":"http:\/\/fortune.com\/author\/clark-valberg\/","name":"Clark Valberg","twitter":"ClarkValberg","gplus":"","email":"","thumbnail":false,"thumbnail_alt":false,"thumbnail_src":false,"bio":"","title":"CEO","company":"InVision","is_contributor":"contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1202,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10272,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"Every successful leader knows it.","seo":{"seo_title":"The Secret To Dealing With Difficult Coworkers","seo_description":"Clark Valberg, CEO of InVision, shares the secret to dealing with difficult coworkers.","seo_keywords":"Clark Valberg, InVision, secret, difficult, coworkers, colleagues, leader, communicate, communicator","seo_news_keywords":"Clark Valberg, InVision, secret, difficult, coworkers, colleagues, leader, communicate, communicator","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/29\/secret-difficult-coworkers\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F29%2Fsecret-difficult-coworkers%2F","shortlink":"http:\/\/for.tn\/1LZXfnK","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1LZXfnK","encoded_title":"The+secret+to+dealing+with+difficult+coworkers","twitter_text":"The secret to dealing with difficult coworkers ","twitter_via":"FORTUNE","facebook_desc":"Clark Valberg, CEO of InVision, shares the secret to dealing with difficult coworkers.","facebook_title":"The Secret To Dealing With Difficult Coworkers"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23866,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1396695-0"]},{"id":1394452,"content_type":"free full","is_magazine_content":"non-magazine","url":"\/2015\/10\/28\/getting-fired-career-over\/","title":"Proof getting fired doesn\u0027t mean your career is over","content":"\u003Cp\u003E\u003Cem\u003EThe Leadership Insider network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today\u2019s answer to the question \u201cHow do you bounce back after getting fired\u003Cspan class=\u0022s1\u0022\u003E?\u003C\/span\u003E\u201d is by Edward Fleischman, CEO of The Execu|Search Group.\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003EGetting fired is never an ideal situation. However, there are steps you can take in the immediate aftermath and in the following weeks to help you recover and secure a new job. First of all, don\u2019t be resentful. Once you\u2019ve been let go, you should collect your thoughts and make sure you don\u2019t say anything that will harm you down the road when it comes to references or networking. Take a deep breath and collect yourself. On day one, focus on getting yourself together, but on day two, it\u2019s time hit the ground running.\u003C\/p\u003E\n\u003Cp\u003EFirst, take a look at your experience. Be honest with yourself and identify the reason you were fired. Was it a result of downsizing within the company or department? Maybe the position wasn\u0026#8217;t a good fit, and your performance suffered. Or perhaps, a new boss brought in people they knew from their former company and you were replaced. Identifying the reason for losing your job will be invaluable when deciding the next step in your career. Then, think about what you have learned from this experience: What have you discovered about yourself? What insight have you gained about your chosen career? Maybe the company culture wasn\u2019t the right fit for you. Or just maybe this career path isn\u2019t fulfilling enough.\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003ESee also: \u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/25\/best-employees-get-fired\/\u0022 target=\u0022_blank\u0022\u003EHere\u0026#8217;s why even the best employees get fired\u003C\/a\u003E\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp\u003ENext, you need to update your resume. Many times people use their outdated resume as a crutch \u2014 don\u0026#8217;t. Get your resume done within a week and move on. As you start to search, remember that there is a job out there, you just need to find it. Make a schedule and approach the search as you would an actual job. If you woke up at 6:30 A.M. for your previous job, keep waking up at 6:30. Devote several hours each day to looking for and applying to open positions, but also diversify your job search with other activities. For example, try volunteering at a place where your skill set is relevant. Organizations are always in need of support, and volunteering can help you network and make connections with people in a related field and with similar skill sets.\u003C\/p\u003E\n\u003Cp\u003EAlso, consider taking a temporary position. This is another great networking opportunity, and there is often a possibility of the temporary position turning into a full-time one. Approach the temporary position as a working interview and be sure to put your best foot forward. Often employers are evaluating temporary staff to see if they would make a good full-time addition to the team, and this is an opportunity you don\u2019t want to miss.\u003C\/p\u003E\n\u003Cp\u003EFinally, if you came to the conclusion that you were fired because you lacked certain skills, take this opportunity to improve your skills and gain new ones. Make good use of your more flexible schedule and look into resources that can help you enhance your skill set. Regardless of the path you take, it is important to remember that there are millions of people who have been laid off and went on to find a new position and have done very well for themselves. Getting fired is not the end of the world. As long as you reflect, regroup, move on and start job-hunting, you have the ability to land back on your feet.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003ERead all responses to the Leadership Insider question: How do you bounce back after getting fired?\u003C\/em\u003E\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/24\/real-reason-fired\/\u0022 target=\u0022_blank\u0022\u003EHere\u2019s the real reason you were fired\u003C\/a\u003E\u003C\/em\u003E by Tom Gimbel, CEO of the LaSalle Network.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/20\/question-to-ask-when-fired\/\u0022 target=\u0022_blank\u0022\u003EThe one question you need to ask after you\u2019re fired\u003C\/a\u003E\u003C\/em\u003E by Joanna Weidenmiller, cofounder and CEO of 1-Page.\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/20\/how-to-stay-positive-after-getting-fired\/\u0022 target=\u0022_blank\u0022\u003EHow to stay positive after getting fired\u003C\/a\u003E \u003C\/em\u003Eby DeLisa Alexander, chief people officer at Red Hat\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/10\/17\/why-you-were-fired\/\u0022 target=\u0022_blank\u0022\u003ENever say this when an employer asks why you were fired\u003C\/a\u003E \u003C\/em\u003Eby Clark Valberg, CEO of InVision\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/30\/judged-for-getting-fired\/\u0022 target=\u0022_blank\u0022\u003EWhy this CEO won\u2019t judge you for getting fired\u003C\/a\u003E\u003C\/em\u003E by Kevin Chou, co-founder and CEO of Kabam\u003C\/p\u003E\n\u003Cp class=\u0022p1\u0022\u003E\u003Cem\u003E\u003Ca href=\u0022http:\/\/fortune.com\/2015\/09\/15\/getting-fired-can-be-good\/\u0022 target=\u0022_blank\u0022\u003EWhy getting fired can be a good thing\u003C\/a\u003E\u003C\/em\u003E by Ryan Harwood, CEO of PureWow\u003C\/p\u003E\n","time":{"pretty":"October 28, 2015","published":"2015-10-28 04:00:46","updated":"2015-10-28 04:00:46","minute":"4:00 PM EST","is_same_day":false,"is_home_pop":false},"comment_url":"http:\/\/fortune.com\/2015\/10\/28\/getting-fired-career-over\/","absolute_url":"http:\/\/fortune.com\/2015\/10\/28\/getting-fired-career-over\/","redirect_url":"","partner":"","outbrain_url":"http:\/\/fortune.com\/2015\/10\/28\/getting-fired-career-over\/","outbrain_footer":true,"outbrain_right_rail":true,"short_title":"Proof getting fired doesn\u0027t mean your career is over","post_type":"post","featured_type":"image","featured_image":{"src":"https:\/\/fortunedotcom.files.wordpress.com\/2015\/10\/gettyimages-1197027481.jpg?quality=80\u0026w=840\u0026h=485\u0026crop=1","class":"featured-img-article_full","credit":"Photograph by Getty Images\/Blend Images","caption":"","attach_id":"1384728"},"excerpt":"\u003Cp\u003EThe quicker you regroup, the sooner you\u0026#8217;ll bounce back. \u003C\/p\u003E\n","authors":[{"id":"1228507","url":"http:\/\/fortune.com\/author\/edward-fleischman\/","name":"Edward Fleischman","twitter":"ExecuSearch","gplus":"","email":"","thumbnail":"\u003Cimg width=\u002239\u0022 height=\u002259\u0022 src=\u0022https:\/\/fortunedotcom.files.wordpress.com\/2015\/08\/edfleischman0030.jpg?quality=80\u0026amp;w=39\u0022 class=\u0022avatar avatar-59 photo wp-post-image\u0022 alt=\u0022Edward Fleischman, chairman and CEO of The Execu|Search Group\u0022 \/\u003E","thumbnail_alt":"","thumbnail_src":["https:\/\/fortunedotcom.files.wordpress.com\/2015\/08\/edfleischman0030.jpg?quality=80\u0026w=100",100,150,true],"bio":"Edward Fleischman is chairman and CEO of The Execu|Search Group, a recruitment, temporary staffing, and workforce management solutions firm. ","title":"","company":"","is_contributor":"not-contributor"}],"sections":[{"term_id":291878719,"name":"Fortune Insider","slug":"fortune-insider","term_group":0,"term_taxonomy_id":122920,"taxonomy":"category","description":"","parent":0,"count":1200,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":46727,"taxonomy":"category","description":"News and advice on leadership, management, jobs, careers, CEOs and anyone who aspires to the C-suite.","parent":0,"count":10262,"filter":"raw"}],"section":{"name":"Fortune Insider","slug":"fortune-insider","url":"http:\/\/fortune.com\/fortune-insider\/","newsletter_info":"The Fortune CEO Daily"},"tags":[{"term_id":271,"name":"Commentary","slug":"commentary","term_group":0,"term_taxonomy_id":111707,"taxonomy":"post_tag","description":"","parent":0,"count":1317,"filter":"raw"},{"term_id":7885,"name":"Leadership","slug":"leadership","term_group":0,"term_taxonomy_id":54560,"taxonomy":"post_tag","description":"","parent":0,"count":515,"filter":"raw"}],"has_commentary_tag":true,"primary_tag":{"name":"Leadership","slug":"leadership","url":"http:\/\/fortune.com\/tag\/leadership\/"},"f500_tag":false,"paid":false,"paid_excerpt":"The quicker you regroup, the sooner you\u0026#8217;ll bounce back.","seo":{"seo_title":"Proof Getting Fired Doesn\u0027t Mean Your Career Is Over","seo_description":"Edward Fleischman, CEO of The Execu|Search Group, shares proof that getting fired doesn\u0027t mean your career is over.","seo_keywords":"Edward Fleischman, The Execu|Search Group, proof, getting fired, career, being fired, bouncing back, resume, skills","seo_news_keywords":"Edward Fleischman, The Execu|Search Group, proof, getting fired, career, being fired, bouncing back, resume, skills","seo_additional_meta":""},"social":{"url":"http:\/\/fortune.com\/2015\/10\/28\/getting-fired-career-over\/","encoded_url":"http%3A%2F%2Ffortune.com%2F2015%2F10%2F28%2Fgetting-fired-career-over%2F","shortlink":"http:\/\/for.tn\/1P5lu8o","encoded_shortlink":"http%3A%2F%2Ffor.tn%2F1P5lu8o","encoded_title":"Proof+getting+fired+doesn%E2%80%99t+mean+your+career+is+over","twitter_text":"Proof getting fired doesn\u0027t mean your career is over","twitter_via":"FORTUNE","facebook_desc":"Edward Fleischman, CEO of The Execu|Search Group, shares proof that getting fired doesn\u0027t mean your career is over.","facebook_title":"Proof Getting Fired Doesn\u0027t Mean Your Career Is Over"},"format":{"term_id":2710,"name":"Article","slug":"fortune-post-format-article","term_group":0,"term_taxonomy_id":3,"taxonomy":"fortune_post_format","description":"","parent":0,"count":23854,"filter":"raw"},"related_posts":[],"in_article_ad_id":["in-article-ad-1394452-0","in-article-ad-1394452-1"]}]},"id":1402982,"ad":{"type":"ad"},"button_ads":true}}]}