• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
LeadershipPower Sheet

Power Sheet – March 18, 2016

By
Geoff Colvin
Geoff Colvin
and
Ryan Derousseau
Ryan Derousseau
Down Arrow Button Icon
By
Geoff Colvin
Geoff Colvin
and
Ryan Derousseau
Ryan Derousseau
Down Arrow Button Icon
March 18, 2016, 10:58 AM ET
Add Fortune on Google for similar content.

Like the rest of us, leaders have good days and bad days, only the beta is bigger, as Wall Street traders say – the ups rise higher and the downs plunge lower. Yesterday was a bad day for three leaders:

–Mitch McConnell may be putting himself in a corner. The Senate majority leader reiterated his pledge that the Senate would not consider Judge Merrick Garland or any other nominee for the Supreme Court until after the election. That position is starting to look shaky. Many Republicans have expressed admiration of Garland over the years, and most voters think the Senate should hold hearings and vote on his confirmation. At least a few Republican Senators who face credible challengers this year, including Judiciary Committee Chairman Chuck Grassley of Iowa, have said they’re open to meeting privately with Garland, which McConnell has pointedly refused to do. Things could get worse. If Hillary Clinton is the Dem nominee and looks headed for victory in the fall, a plausible scenario, Republicans may decide they’re better off confirming Garland than leaving the matter to a new president, as they’ve advocated doing on principle. But then they’d look either spineless or unprincipled. Or they could stick to their position and let a President Clinton nominate someone. Not good options.

-At the other end of the Capitol, Paul Ryan’s job is getting even more demanding. He told reporters yesterday that he believes the Republican convention could very well be contested. As House Speaker, he’s not just the most powerful Republican in government, he’s also the convention’s chairman, a fact he reportedly didn’t know when he reluctantly accepted the Speaker job last fall. And while he has promised to support the party’s nominee, yesterday he rebuked Donald Trump for the fourth time in the campaign, this time for Trump’s warning that “you’d have riots” if the convention gave the nomination to anyone but him. When asked, Ryan also insisted firmly that he would not accept the nomination if the convention deadlocks. Though didn’t he say something like that last October about becoming Speaker? Ryan is doing an excellent job of remaining statesmanlike and playing the hand he’s been dealt. But this is a lot more than he signed up for.

–Lula can’t get a break. The former Brazilian president, dutifully identified by U.S. media as Luiz Inacio Lula da Silva, was detained and questioned by federal police and his home searched a couple of weeks ago in a widening government corruption investigation. State prosecutors charged him with money laundering and asked that he be jailed to prevent his fleeing. Then his protégé, President Dilma Rousseff, offered him a post as a government minister, which just BTW would shield him from prosecution. This past Wednesday, a judge released almost 50 recordings of phone conversations between the two, which arguably confirmed the obvious suspicions and sparked more mass protests. Yesterday, a judge issued an injunction to block Lula’s being sworn in, but he got sworn in anyway. Net, I’d say things are getting worse.

You can share Power Sheet with friends and followers here.

What We're Reading Today

Apple engineers say they won't unlock the iPhone 

As CEO Tim Cook and the FBI argue the legalities of forcing Apple to build a backdoor system into the locked iPhone of a San Bernardino shooter, the company's engineers signal they may quit rather than help. Apple argues in court filings that the FBI's request violates free speech by forcing employees to do something they consider offensive. Loss of a paycheck may not sway the skilled engineers to concede, since their skills are in high demand. NYT

Michigan Governor to Congress: "We all failed the families of Flint"

Governor Rick Snyder told a House committee that failures at all levels of government contributed to Flint's water crisis. He said he did not know about the issue until last October 1. Committee member Elijah Cummings likened the Governor's failures to those of a CEO who would have been charged criminally. Democratic committee members urged Snyder to resign; Republican members urged EPA head Gina McCarthy, who also testified, to resign.  CBS News

Viacom reports major interest in Paramount

Three dozen companies have expressed interest in buying a minority stake in Viacom's Paramount Pictures unit since CEO Philippe Dauman solicited offers three weeks ago. Dauman said he's seeking a partner that can expand the company internationally and build its digital presence. Viacom wants to complete a deal by the end of June. WSJ

Two Porsche execs cleared of manipulating share price

Former CEO Wendelin Wiedeking and former CFO Holger Härter won a seven-year battle in a German court over criminal accusations that they manipulated Porsche's stock price in an attempt to take over Volkswagen. Hedge funds including Elliott Management and D.E. Shaw continue to seek $5.6 billion in  damages in civil cases.  Fortune

Building a Better Leader

Chipotle ordered to hire back employee it fired...

...over a tweet on his personal account about Chipotle's pay. A judge said the company's social media policy violated federal labor laws. Seattle Times

No pay gap here...

...unless you're a man. Women working in data centers made 17% more than their male counterparts across all titles. Fortune

Some companies bend on March Madness 

Many small businesses have found it's better to let employees watch the games because it makes for a happier workplace. Associated Press

The China Chronicles

A billionaire's shot at China's President catches on 

When real estate tycoon Ren Zhiqiang spoke out against President Xi Jinping's insistence on absolute loyalty, the party shut down his sites and called him a capitalist traitor. But others have joined Ren's cause, potentially threatening Xi's demands for  obedience to the Communist Party. Xi has required increasing shows of loyalty to him and the government from billionaires and media. NYT

Mark Zuckerberg takes a jog through Beijing...

...and the Internet erupts over concerns for his health because of the city's notorious smog and cries of hypocrisy because Facebook is censored in China. Zuckerberg has recently tried to expand Facebook's presence in China. He posted a photo of his run on his Facebook page, which somehow got past China's censors.  Fortune

U.S. says China has increased South China Sea activity

In a lead-up to a decision over a disputed reef between the Philippines and China in an international court, the U.S. Navy says China is increasing activity in the region. Admiral John Richardson said the U.S. is concerned that the decision could prompt Beijing to declare the busy area, through which 30% of global traded passes, an "exclusion zone."   The Guardian

Up or Out

J. Walter Thompson CEO Gustavo Martinez resigned following the filing of a lawsuit that highlighted a potentially racist and sexist culture at the advertising firm.  Ad Age

Qualcomm named Mary Gendron CIO.  WSJ

Fortune Reads and Videos

Salesforce says it will reduce investments in Georgia...

...if Governor Nathan Deal signs an "anti-gay bill" that is currently on his desk. Other business leaders have joined CEO Marc Benioff in criticizing the bill. Fortune

Trump's decision to delay releasing his tax returns...

...could prove disastrous. Waiting until after getting the nomination did not work out well for Mitt Romney in 2012. Fortune

Aéropostale up for sale

The teen clothing retailer said comparable store sales fell 6.7% during the holidays. Fortune

Ex-Turing General Counsel: We advised against the drug price hikes

Howard Dorfman called former CEO Martin Shkreli's strategy of hiking a drug's price 5,000% "certainly unjustified." Fortune

Quote of the Day

"There is no doubt in my mind that if a corporate CEO did what Governor Snyder's administration has done, he would be hauled up on criminal charges.... The board of directors would throw him out. And the shareholders would revolt." —Rep. Elijah Cummings during a hearing in which Michigan Governor Rick Snyder testified about the Flint water crisis.  US News & World Report

Share Today's Power Sheet: 
http://fortune.com/newsletter/powersheet/

Produced by Ryan Derousseau
@ryanderous
powersheet@newsletters.fortune.com
About the Authors
Geoff Colvin
By Geoff ColvinSenior Editor-at-Large
LinkedIn iconTwitter icon

Geoff Colvin is a senior editor-at-large at Fortune, covering leadership, globalization, wealth creation, the infotech revolution, and related issues.

See full bioRight Arrow Button Icon
By Ryan Derousseau
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Leadership

buffett
SuccessWealth
‘The man who dies rich dies disgraced’: The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026
10 hours ago
Larry Page and Sergey Brin
SuccessBillionaires
Larry Page and Sergey Brin splash $225 million in Miami property as billionaires flee California’s tax—and Google is expanding its office there too
By Emma BurleighJuly 22, 2026
12 hours ago
Warren Buffett called Bill Gates’ Epstein ties ‘distasteful’ and pulled out of the Gates Foundation. Days later, a review revealed 30 meetings
North AmericaWarren Buffett
Warren Buffett called Bill Gates’ Epstein ties ‘distasteful’ and pulled out of the Gates Foundation. Days later, a review revealed 30 meetings
By Sydney LakeJuly 22, 2026
12 hours ago
Jon Gray leans while talking and sitting in a chair
SuccessCareers
Blackstone president Jon Gray tells Gen Z to think like founders at work—but a growing number are skipping the corporate ladder to become one for real
By Preston ForeJuly 22, 2026
12 hours ago
clark
North AmericaMedia
Ryan Clark found out he was fired live, mid-broadcast, on NFL Live as ESPN undergoes first major layoffs in 3 years
By Joe Reedy and The Associated PressJuly 22, 2026
13 hours ago
A woman observes stock trends on her smartphone while a computer screen displays financial graphs.
NewslettersCFO Daily
Beyond SpaceX: Why great IPOs depend on more than first-day demand
By Sheryl EstradaJuly 22, 2026
15 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
10 hours ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
1 day ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
1 day ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
1 day ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.