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

Trendingnow

1

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

2

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

3

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history

1

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

2

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

3

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
LeadershipCEO Daily

CEO Daily: The Best in Business Reading

By
Nicholas Varchaver
Nicholas Varchaver
Down Arrow Button Icon
By
Nicholas Varchaver
Nicholas Varchaver
Down Arrow Button Icon
February 5, 2017, 7:00 AM ET
Add Fortune on Google for similar content.

Good morning.

The rise of “fake news”—or perhaps just its seemingly wide influence—has been one of the most dispiriting phenomena of the past few months. It’s true that shoddy, one-sided, and outright false information has always existed and savvy readers learn to use their critical faculties. But as a person who has had the professional experience of attempting to establish facts in highly disputed situations, I know how much work it can take to pin down even a few. It simply isn’t practical to do that if, say, you’re a regular person just trying to catch up on the news and live a normal life.

I’m bringing this up because two of the most fascinating articles I read this week concern a related problem, but one that gets a lot less attention: Shoddy, and sometimes even fraudulent, science. Admittedly, this isn’t strictly speaking a “business” issue, but it certainly affects business (and everything else) and the central figure in the first article below is a billionaire hedge fund manager. So read on for two pieces that could depress you (because they cast doubt on a lot of science) or inspire you (because some smart, committed people are trying to fix the problem).

 

 

 

 

The War on Bad Science, Part I

To say John Arnold is a standout would be an understatement. By age 22, he was a star natural-gas trader at Enron—unlike the cowboys there, he was known as quiet and thoughtful—and managed to escape the company’s wreckage unscarred and untainted. He went on to found his own gas-trading hedge fund, Centaurus, and in short order became a billionaire. He “retired” at age 38, and began grappling with a problem very few of us will ever face: How to productively use his billions. This Wired feature chronicles those efforts. Arnold and his wife, through their foundation, are underwriting a “movement to fix science.”

Arnold’s quest began when he heard a podcast interview with science journalist Gary Taubes, who argued that

“the prevailing dietary wisdom of the past 40 years—that eating too much fat leads to obesity and heart disease—arose from the flimsiest of scientific evidence…. [W]henever evidence came along that contradicted the consensus about the dangers of eating fat—often evidence that was much stronger than the evidence for the dangers—it was ignored or not even published. Hardly anyone in the world of nutrition science seemed willing to question the science behind the low-fat diet, even after Americans grew fat and diabetic in record numbers.

The picture Taubes painted wasn’t of a flawed study here or there but of a fundamentally broken scientific culture. [Before long, the Arnold Foundation had contributed $40 million to Taubes’ effort to investigate and address the problem..]

“Science is built like a building,” Arnold says. “One floor on top of the next.” In nutrition, “the whole foundation of the research had been flawed. All these things that we thought we knew—when we step back and look at the evidence base—it’s just not there.” Arnold says that now, unless he trusts a researcher’s work, he no longer believes the findings of any scientific study until he or someone on the staff carefully vets the paper. “A new study shows …” are “the four most dangerous words,” Arnold wrote on Twitter.

Arnold’s quest seems noble and the article has an added (albeit depressing) payoff: If you’ve ever wondered why science claims in the health and nutrition claims seem to zig-zag so frequently, the shoddy science you see here is certainly a key part of the explanation.

The War on Bad Science, II

"The Hi-Tech War on Science Fraud," in the Guardian, is even more disturbing than the Wired article. As the title states, it focuses on outright fraud rather than mere sloppiness. The article suggests that at least 2% to 5% of scientific papers are based on phony research and the number is likely much higher. (The story chronicles a few people who you could call the Bernie Madoffs of the science world.) In this article, the heroes are a handful of scientists who have developed a computer program that sniffs out anomalies. Using it, the article states, revealed that "about half of all papers in psychology journals contained a statistical error." The scientists are now developing a program aimed at uncovering outright "fake or manipulated results." Can it work? It's hard to say. But if you read this article, you'll be convinced that such an effort would be well the time.

To Give Or To Take?

In 2013, Wharton professor Adam Grant published Give and Take, a book that attracted a lot of attention because it argued that selflessness leads to more success than does selfishness. Four years later, Grant and a colleague, Reb Rebele, have returned with further research on the topic and the result is a cover story in Harvard Business Review entitled “Beat Generosity Burnout.” Their perspective now seems to be more nuanced. I’d say it advocates “selflessness…within reason.”
Indeed, the authors connect unlimited self-sacrifice with poor outcomes: “Compared with their self-protective peers, selfless teachers saw significantly lower student achievement scores on standardized assessments at the end of the year…. Selfless educators exhausted themselves trying to help everyone with every request. …Despite their best intentions, these teachers were inadvertently hurting the very students they wanted to help.
This kind of dilemma isn’t unique to teaching, as the authors make clear, and the consequence can be burnout in the office. Perhaps this is surprising only to the authors, who after all are rebutting (or at least, refining) a position that many wouldn’t have agreed with in the first place (though I sure hoped Grant was right). Still, there are some surprises and practical information here.

Nicholas Varchaver
@nickvarchaver
nicholas_varchaver@fortune.com
About the Author
By Nicholas Varchaver
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
  • Pinterest icon

Latest in Leadership

ibm
Big TechIBM
‘We did not adapt and move quickly enough’: IBM CEO’s admission of weakness fails to prevent historic 25% stock crash
By Tatiana SatauaJuly 15, 2026
7 hours ago
cdc
PoliticsCDC
CDC nominee refuses to say if she’d defy RFK Jr. on vaccine orders
By Mike Stobbe, Nick Lichtenberg and The Associated PressJuly 15, 2026
9 hours ago
Chipotle is trying to take over Mexico through its softest border town
North AmericaRestaurants
Chipotle is trying to take over Mexico through its softest border town
By Mia OsmonbekovJuly 15, 2026
9 hours ago
Murati’s Thinking Machines releases first AI model for broad use
AIMira Murati
Murati’s Thinking Machines releases first AI model for broad use
By Shirin Ghaffary and BloombergJuly 15, 2026
9 hours ago
Job interview in office
SuccessThe Interview Playbook
Bending Spoons only hired 0.04% from its 800,000 job applications last year—its CEO says its cutthroat hiring process is unlike ‘useless’ interviews
By Emma BurleighJuly 15, 2026
13 hours ago
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-SuiteFortune 500: Titans and Disruptors of Industry
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
13 hours ago

Most Popular

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
Law
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
By Barbara Ortutay, Alexandra Olson and The Associated PressJuly 15, 2026
15 hours ago
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
Newsletters
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
By Sydney LakeJuly 14, 2026
1 day ago
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
North America
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
By Marco Quiroz-GutierrezJuly 14, 2026
1 day ago
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
Economy
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
By Eleanor PringleJuly 15, 2026
17 hours ago
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
Innovation
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
By Lily Mae LazarusJuly 15, 2026
16 hours ago
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
13 hours 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.