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

Trendingnow

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
LeadershipCEO Daily

CEO Daily: Friday, 9th June

By
Tom Huddleston Jr.
Tom Huddleston Jr.
and
Alan Murray
Alan Murray
Down Arrow Button Icon
By
Tom Huddleston Jr.
Tom Huddleston Jr.
and
Alan Murray
Alan Murray
Down Arrow Button Icon
June 9, 2017, 7:41 AM ET

Good morning, and happy Friday.

All week long, I’ve been sharing bits from our new poll of Fortune 500 CEOs, which was done to accompany the new Fortune 500 list. Among the questions we asked the chiefs was: “What’s the best management advice you ever received?” The result was an outpouring of pithy pointers. A selection follows:

“Out-dream, outthink, outwork”

“Focus on your team”

“Speak less—listen more”

“Highs are never as high as they seem; lows are never as low as they seem”

“Always start with the consumer”

“Never assume competence”

“Think 10X not 10%”

“Think like an owner”

“The CEO sets the level of the bar, everyone else adapts to it”

“Don’t believe the news clippings”

“Balance confidence with humility”

“It is better to be effective than right”

“Surround yourself with people more capable than you”

“Don’t believe your own BS”

“Be yourself”

“Be vulnerable”

“Stay focused”

“Do what’s right”

 

What’s the best management advice you ever received? If it tops the above, send it my way. And be sure to read William Cohan’s piece about Goldman Sachs CEO Lloyd Blankfein’s struggle to remain on top.

News below. Enjoy the weekend.

 

Alan Murray
@alansmurray
alan.murray@fortune.com

Top News

• Comey Unloads

In his testimony to Congress, James Comey painted a picture of repeated and inappropriate pressure on him from President Donald Trump, saying he “took it as a direction” when Trump expressed the “hope” that he would drop the FBI’s probe of Michael Flynn, his first choice as National Security Advisor. Comey admitted leaking his account of a conversation with Trump, a point seized upon this morning by the President, who has broken an uncharacteristic day-long silence on Twitter. Fortune

• May’s Election Gamble Blows Up

Theresa May’s Conservatives lost their majority in Parliament, blowing a 20-point lead in the polls in only six weeks. May will try to carry on as Prime Minister, and form a government with the Northern Irish Democratic Union Party. The risk of a deliberately “hard Brexit” pushed by the Tories has vanished, but the risk of an accidental one caused by internal divisions in the U.K. has risen sharply. The pound hit a two-month low of $1.2656 and will stay under pressure until a measure of clarity returns. Fortune

• The ECB Tiptoes After the Fed

The European Central Bank signaled the start of a new cycle of monetary policy tightening, six years after a premature attempt to return to a normal interest rate level brought the Eurozone to the brink of disaster. The bank dropped the idea of cutting rates any further from its guidance and said the balance of risks to the economy was now neutral (another six-year first). However, Mario Draghi’s tone remained doveish in the absence of any inflation pressure, and the euro weakened against the dollar. It may get a boost over the weekend if, as expected, Emmanuel Macron’s party performs well in the first round of France’s parliamentary elections. Reuters

• House Begins Dodd-Frank Rollback

The Republican-led House approved sweeping legislation Thursday to undo much of former President Barack Obama's landmark banking law created after the 2008 financial crisis. The largely party-line vote was 233-186. Republicans argued the rules designed to prevent another meltdown were making it harder for community banks to lend and hampered the economy. Fortune

Around the Water Cooler

• Softbank Buys Alphabet’s Robot Ops

SoftBank is to buy two firms that build walking robots from Google's parent company, Alphabet, adding to the Japanese company's growing artificial intelligence portfolio. It’s buying Boston Dynamics and Tokyo-based Schaft, which design and manufacture robots that simulate human movement. It didn’t disclose the terms of the transactions. Softbank shares rose as much as 7.9% after the announcement, hitting a 17-year high. Fortune

• Qatar Crisis Stays on the Boil

Tensions ramped up further in the Gulf as Egypt published a list of over 50 alleged terrorists that it said were supported by Qatar. There were unconfirmed reports of troop movements on both sides of the Saudi-Qatar border, and broadcaster Al-Jazeera, the mouthpiece through which Qatar has promoted anti-establishment dissent throughout much of the Middle East, said it had suffered a major cyber-attack. Reuters

• Nordstrom Seeks Private Port in a Storm

Shares of Nordstrom jumped over 10% on Thursday after the luxury department store operator said it’s pursuing a potential sale that would take the company private. Key members of the Nordstrom family have formed a group to explore a potential "going private transaction" that would involve the acquisition of 100% of Nordstrom's outstanding shares. The board has also formed a special committee that would weigh the governance aspects of any potential transaction. Elsewhere in the retail sector slaughterhouse, Saks owner Hudson’s Bay said it will cut 2,000 jobs as part of its restructuring. Fortune

• Ford Pushes Ahead With Job Cuts

The Wall Street Journal reported that Ford has offered buyouts to some 15,000 salaried workers across North America and Asia, pushing through a cost-cutting plan that ousted CEO Mark Fields had appeared reluctant to carry out. The cuts account for around 10% of Ford’s white-collar workforce. Fields’ replacement Jim Hackett has promised to move faster to cut costs against a background of a sharp slowdown in the U.S. auto market.  WSJ, subscription required

Summaries by Geoffrey Smith Geoffrey.smith@fortune.com;

@geoffreytsmith

About the Authors
By Tom Huddleston Jr.
See full bioRight Arrow Button Icon
Alan Murray
By Alan Murray
LinkedIn iconTwitter icon
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

andrew macdonald
AITech
Uber burned through its entire 2026 AI budget in four months. Now its COO is questioning whether it’s worth it
By Jake AngeloMay 26, 2026
1 minute ago
Bill Winters, chief executive officer of Standard Chartered
SuccessJobs
Standard Chartered CEO apologizes for calling some workers ‘lower value human capital’ in AI push
By Emma BurleighMay 26, 2026
2 hours ago
Kevin O’Leary slams people who want work-life balance: ‘I hope they work for my competitors’
Successwork-life balance
Kevin O’Leary slams people who want work-life balance: ‘I hope they work for my competitors’
By Sydney LakeMay 26, 2026
2 hours ago
Jensen Huang waving
SuccessView from the C-Suite
Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’
By Preston ForeMay 26, 2026
3 hours ago
Leading without a blueprint: the new reality for European technology chiefs
EuropeFortune 500 Europe
Leading without a blueprint: the new reality for European technology chiefs
By Aslesha MehtaMay 26, 2026
3 hours ago
Fortune 500 Power Moves: Which executives gained and lost power (May 9-22, 2026)
C-SuiteFortune 500 Power Moves
Fortune 500 Power Moves: Which executives gained and lost power (May 9-22, 2026)
By Fortune EditorsMay 26, 2026
4 hours ago

Most Popular

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
Travel & Leisure
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
By Catherina GioinoMay 25, 2026
1 day ago
The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire
Economy
The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire
By Nick LichtenbergMay 25, 2026
1 day ago
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
5 days ago
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
Real Estate
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
By Marco Quiroz-GutierrezMay 25, 2026
1 day ago
Elon Musk's best friend could make more than $100 billion from SpaceX's IPO. His firm is also owed billions by SpaceX
Investing
Elon Musk's best friend could make more than $100 billion from SpaceX's IPO. His firm is also owed billions by SpaceX
By Eva RoytburgMay 25, 2026
1 day ago
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
Commentary
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
By Jeffrey Sonnenfeld and Steven TianMay 26, 2026
8 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.