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

Trendingnow

1

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

1

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
LeadershipCEO Daily

Feedback Friday: CEO Daily, Friday 25th August

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
August 25, 2017, 7:04 AM ET
Add Fortune on Google for similar content.

Good morning.

It’s feedback Friday.

Several readers took issue with my preemptive praise yesterday for the “gang of six”—Cohn, Mnuchin, McConnell, Ryan, Hatch, Brady—who are quietly crafting a tax reform plan in spite of the public storm surrounding the President.

R.M. said that, without the benefit of specifics, it appears the plan will be “good only for business and bad for the average American.” He argues investments in education and R&D would do more to create high-paying jobs than a tax break for business.

T.C. makes a similar point. “I don’t think the nation will be grateful if the gang of six succeeds. Maybe Republicans will be? Maybe the 1%ers?”

But B.B. agreed with the spirit of my comment, noting that “one of the key elements during the financial crisis was the willingness of Presidents Bush and Obama to stand to the side and let the grown-ups manage the efforts. Without the efforts of Bernanke, Paulson and Geithner, it could have been much worse … If only this President could comprehend.”

Meanwhile, President Trump is reportedly planning a trip to Missouri next week to campaign for tax reform. The state is home to Sen. Claire McCaskill, a Democrat who faces a tough reelection fight next year and has called for a bipartisan approach to tax reform. The move suggests the White House still thinks it may pick up some Democratic support for the tax effort.

Enjoy the weekend. News below, including the latest on the meltdown of Sears. How long can this long, slow death dance last?

Alan Murray
@alansmurray
alan.murray@fortune.com

Top News

• Sears' Struggles Continue

Some of Sears Holdings' vendors and insurance brokers tell Reuters that the struggling department store operators is having trouble stocking its shelves, as some vendors are either abandoning stores or asking for more favorable terms due to insurance issues. The cost of vendors' insurance—which ensures suppliers can still be paid for their inventory even if the retailer files for bankruptcy—have jumped since March, when Sears admitted "substantial doubt" of its own survival. The retailer also said on Thursday that it is closing another 28 Kmart stores as sales continue to plummet. Reuters

• Former Samsung Head Gets Five-Year Sentence

Jay Y. Lee, the billionaire scion of South Korea's Samsung Group, received a five-year prison sentence at the conclusion of a six-month trial over the bribery scandal that led to the downfall of former president Park Geun-hye. Lee had been arrested in February and charged with bribing Park in exchange for support as Lee tried to consolidate control of the conglomerate founded by his family. In addition to bribery, a Seoul court also found Lee guilty of hiding assets overseas, embezzlement, and perjury. Reuters

• Amazon Is Slashing Whole Foods' Prices

Only two months after the e-commerce giant announced its $13.7 billion acquisition of Whole Foods Market, Amazon said on Thursday it will immediately lower the prices for some of the luxury chain's best-selling basic items. Also, eventually, Amazon plans to make its Amazon Prime membership the default loyalty program for Whole Foods, which could boost Prime's membership as shoppers seek special deals and other perks at the store that is often jokingly referred to as "Whole Paycheck." Fortune

• GM's Barra Joins Disney Board Amid Search for Iger's Successor

Disney announced the appointment of General Motors CEO Mary Barra to the entertainment giant's board of directors. Barra joins other prominent female executives on Disney's board—including Facebook COO Sheryl Sandberg and The Carlyle Group's Susan Arnold—at a time when the company's directors are busy searching for an heir apparent to CEO Bob Iger, who is set to retire in July 2019. Bloomberg

 

Around the Water Cooler

• HP and Deloitte Team Up for 3D Printing Push

HP Inc. and Deloitte said they will work jointly to offer companies 3D printing and manufacturing services. While HP is the world's largest manufacturer of printers, the company is a relative newcomer to 3D printing—it started selling them in December—and HP CEO Dion Wiesler thinks the company can win a big share of the $12 trillion manufacturing market. Fortune

• Obamacare Will Be Available Everywhere in 2018

Ohio's regional CareSource insurer agreed to offer plans in that state's Paulding County next year, which means what was the final U.S. county without an Obamacare insurer will have access to individual health plan options in 2018 should any of those residents need them. The news puts a temporary end to the Affordable Care Act's "bare" counties problem, which popped up after Anthem and other major insurers pulled out of Obamacare due to a variety of concerns, including President Trump's threats to cut off payments to insurers. Fortune

• Can Amazon Really Kill the 'Whole Paycheck' Reputation?

Fortune's Beth Kowitt writes that Whole Foods CEO John Mackey is not a big fan of the luxury grocer's "Whole Paycheck" moniker. It's been a hard reputation to shake, even with Mackey working to cut costs for customers, most notably with the store's 365 private label. But, the mere association with Amazon is likely to change the perception of Whole Foods' prices in many customers' minds, especially with the company's more competitively-priced 365 brand being offered online for the first time ever. Fortune

 

Summaries by Tom Huddleston Jr. tom.huddleston@fortune.com

@tjhuddle

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
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

Getting past the pilot: Why so many AI test projects have trouble scaling
SuccessBrainstorm Tech
Getting past the pilot: Why so many AI test projects have trouble scaling
By Alexei OreskovicJune 24, 2026
7 hours ago
How ‘Ozempic face’ is pushing Gen X, already the biggest Botox and filler consumers, to the facelift table a decade early
HealthGen X
How ‘Ozempic face’ is pushing Gen X, already the biggest Botox and filler consumers, to the facelift table a decade early
By Mia OsmonbekovJune 24, 2026
10 hours ago
Why Zohran Mamdani’s big night as the Democratic party’s new kingmaker matters for every Fortune 500 CEO in every city and state
PoliticsPolitics
Why Zohran Mamdani’s big night as the Democratic party’s new kingmaker matters for every Fortune 500 CEO in every city and state
By Catherina GioinoJune 24, 2026
10 hours ago
Warren leans in to talk to Scott
PoliticsHousing
Congress’s landmark housing bill could backfire on millions of renters
By Jacqueline MunisJune 24, 2026
10 hours ago
CEO of $8 billion Flexport blasts remote work as ‘white-collar fraud’ and a ‘total fantasy’ for highly paid employees
C-Suiteremote work
CEO of $8 billion Flexport blasts remote work as ‘white-collar fraud’ and a ‘total fantasy’ for highly paid employees
By Marco Quiroz-GutierrezJune 24, 2026
11 hours ago
How Home Depot is rebuilding retailing with AI
NewslettersCIO Intelligence
How Home Depot is rebuilding retailing with AI
By John KellJune 24, 2026
13 hours ago

Most Popular

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
23 hours ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
23 hours ago
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
2 days ago
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Retail
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
15 hours ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
By Nick LichtenbergJune 24, 2026
17 hours ago
Current price of gold as of June 23, 2026
Personal Finance
Current price of gold as of June 23, 2026
By Danny BakstJune 23, 2026
2 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.