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

Trendingnow

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
LeadershipPower Sheet

Power Sheet: Could the RNC Turn Its Back on Donald Trump?

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
August 12, 2016, 10:14 AM ET

Writer Tory Newmyer (@torynewmyer) is filling in for Geoff Colvin this week.

This is what a full-blown panic looks like. More than 75 Republicans, including former lawmakers and senior White House officials, have added their names to a letter urging the Republican National Committee to abandon Donald Trump, the Washington Post reports. Their argument is strategic: Trump is hurtling toward a devastating loss in the presidential race and the party should do what it can now to salvage its Congressional majorities by dedicating all of its resources to them instead. But it’s also the latest in a series of brutal assessments of Trump’s candidacy from GOP elders, who in the letter cite their nominee’s “divisiveness, recklessness, incompetence, and record-breaking unpopularity” and point to his habit of “deliberately and repeatedly lying about scores of issues, large and small.” The letter’s organizers are still gathering signatures and aim to deliver it next week.

There’s a real chance the RNC heeds their request. Party chairman Reince Priebus raised the possibility with Trump in a phone call earlier this month, TIME reports in its new cover story. Trump had just gone out of his way to decline endorsing House Speaker Paul Ryan, a close friend of Priebus, in his primary. The GOP boss told the nominee that internal polling showed he was on his way to losing the election and explained the RNC has a responsibility to all the party’s candidates. The two camps are set to meet today in Orlando in what one campaign source described to Politico as an “emergency meeting.”

Recall that this week was supposed to tee up Trump’s latest “pivot” to a more measured general election mode, featuring the candidate cranking down the bombast and sticking to the script. That began Monday with his economic address in Detroit — delivered without incident from a teleprompter — and lasted until early that evening, when Trump returned to his Twitter account. He’s since suggested “Second Amendment people” could take matters into their own hands to stop a President Hillary Clinton from appointing liberal judges and insisted for days that President Obama literally founded ISIS before reversing course Friday, calling it sarcasm. The agenda for today’s Orlando huddle reportedly includes how to goose the campaign’s ground game. But there’s no mechanical fix for the problem at the top of the operation

You can share Power Sheet with friends and followers here.

What We're Reading Today

EU opens full-scale anti-trust probe over DuPont...
...Dow Chemical merger. The European Union plans to take a closer look at how the merger could impact competition in crop production, seeds and petrochemicals. The investigation won't necessarily put in jeopardy the deal between Andrew Liveris's Dow and Edward Breen's DuPont, which will create a company with a $122 billion market cap before splitting into three separate organizations after the merger. But the inquiry could very well lead to more concessions, forcing the two sides to sell some assets. WSJ

Clinton lays out her economic plans 
In a speech, countering Donald Trump's economic vision earlier this week, Hillary Clinton laid out her ideas for tuition-free colleges, simplifying taxes and creating a public option for healthcare. Clinton attacked Trump's tax plan, which she said would only benefit his own family, while agreeing with him about not passing the Trans-Pacific Partnership. But on trade, she added that the goal isn't to cut the U.S. off from the world, but to make trade deals work better. Fortune

Macy's to shutter 100 stores 
The closings represent about 15% of the total department store locations. The move by CEO Terry Lundgren comes as Macy's reported its sixth consecutive quarterly decline in sales. Macy's has struggled to grow revenues as shoppers move to online outlets, like Amazon. Instead, Lundgren says the company will focus on the well-performing stores and improve its technology capabilities. CNNMoney

Obama Administration finds funds for Zika fight
Annoyed by the delay in Congress to pass action to fund a response to Zika, the Obama administration has moved money around within the Health and Human Services to provide $81 million to the cause. HHS Secretary Sylvia Burwell says the money will help fund vaccine development, but she also noted to Congress last week that the effort needs about $538 million over the next year. 
Washington Post

Building a Better Leader

The state of the economy...
...has a dramatic impact on how willing co-workers are to help in the office. When the economy turns for the worse, so does employees' resolve to work together. Insead Knowledge

If you're having trouble keeping black executives...
...maybe it's time to think about your company culture, and how it could be adding pressure and barriers to their work life. It's okay to admit race may play a role, says organizational psychologist Dr. Lawrence James, Jr. Fortune

It's fine to check job postings regularly
It will provide you with insight on what types of companies are hiring and what roles they're seeking. Careerealism

The Unfriendly Skies

Delta pilot talks take a break
As Ed Bastian's company continues to respond to the computer outage that cancelled thousands of flights, Delta's labor negotiations with its pilots have also yet to take off. The National Mediation Board has called for a break between the two sides due to a lack of progress. The pilots have asked for a 40% pay raise over the next three years. The sides will speak with mediators again on Aug. 26. Fortune

Southwest delays will cost $54 million
The computer outage last month that led to the cancellation of over 2,000 flights will cost Gary Kelly's company between $54 million and $82 million in lost revenues and additional costs. Delta experienced an outage as well this week, leading to speculation that the costs could reach similar figures. Chicago Tribune

American Airlines to offer free entertainment
Doug Parker
's company has made all in-flight entertainment free of charge, including new movie releases, games and music. It's the second large carrier to make the move, following Delta's decision in June. USA Today

Up or Out

Famed investor Bill Miller is parting from Legg Mason.  Baltimore Sun

Arianna Huffington will step away from the now Verizon-owned Huffington Post.  NYT

Airbus Group has hired Luc Hennekens as CIO.  WSJ

Fortune Reads and Videos

Former NFL player is arrested for $10 million Ponzi Scheme
The former Philadelphia Eagles player, Merrill Robertson Jr., has been accused of promising investors returns of 10%-20%, but used the money to pay back other clients and expenses. Fortune

Pokemon Go creator Niantic is now...
...the world's most popular games developer in the world. The success of the game kicked aside Candy Crush's maker King. Fortune

Twitter battles Buzzfeed
The two sides are disagreeing over a report from Buzzfeed that argued former and current company leaders have done little to fight abuse on the social site. Fortune

McDonald's will offer pumpkin spiced lattes...
...at the end of August. It appears to want to beat Starbucks to the punch. Fortune

Happy Birthday

Investor George Soros turns 86 today.  Biography

French President Francois Hollande turns 62.  Biography

Fidel Castro will turn 90 tomorrow.  Biography

Chair of the Federal Reserve Janet Yellen celebrates 70 on Saturday.  Biography

Kevin Plank, founder and CEO of Under Armour, turns 44 on Saturday.  Crunchbase

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

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
  • Pinterest icon

Latest in Leadership

Man in a white shirt and jacket.
InnovationBrainstorm Tech
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
By Amanda GerutJune 9, 2026
3 hours ago
AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
AIBrainstorm Tech
AI isn’t replacing Hyatt’s salespeople—it’s freeing up a full day of work every week, according to the CEO
By Sharon GoldmanJune 9, 2026
6 hours ago
The AI industry spent years chasing bigger models. Now it’s chasing efficiency
AIBrainstorm Tech
The AI industry spent years chasing bigger models. Now it’s chasing efficiency
By Sharon GoldmanJune 9, 2026
7 hours ago
Xbox CEO Asha Sharma speaks on stage at Fortune Brainstorm Tech 2026.
Big TechMicrosoft
‘Not an Allbirds Moment’: Xbox’s new CEO says she is grounding the console in gaming roots, not AI
By Sebastian HerreraJune 9, 2026
7 hours ago
BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it
EnergyBP
BP’s new CEO Meg O’Neill rips up the energy giant’s playbook—and the ‘green’ era with it
By Jordan BlumJune 9, 2026
8 hours ago
Three people having a seated discussion
AIBrainstorm Tech
‘Getting control where we can’: Europe wants sovereign AI, but most of the chips are from the U.S.
By Amanda GerutJune 9, 2026
9 hours ago

Most Popular

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
1 day ago
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
Economy
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
By Nick LichtenbergJune 9, 2026
10 hours ago
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
Environment
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
By Sasha RogelbergJune 8, 2026
1 day ago
Current price of oil as of June 8, 2026
Personal Finance
Current price of oil as of June 8, 2026
By Joseph HostetlerJune 8, 2026
2 days ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
1 day ago
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
Success
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJune 7, 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.