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Workers want flexibility, and are willing to walk if they don’t get it

June 16, 2021, 10:03 AM UTC

Good morning.

As the return to the office gains momentum, the Future Forum, started by Slack to provide insights on the future of work, has new data out today based on a survey of 10,000 knowledge workers. Brian Elliott, who heads the forum, previewed the research yesterday. The overriding theme: workers want flexibility and are willing to walk if they don’t get it. Some of the findings

—76% of those surveyed want flexibility on where they work.
—93% want flexibility on when they work.
—56% are open to new job opportunities that may provide them more flexibility.
—21% are likely to jump ship in order to get that flexibility.
—Flexibility is second only to compensation in the factors leading people to change jobs.
—Black, Hispanic and Asian-American workers are more desirous of flexibility, and far more open to changing jobs to achieve it.

Separately, Fortune Brainstorm Tech, normally held in Aspen each summer, is demonstrating its own flexibility on the where and the when by moving this year to the Ritz-Carlton, Half-Moon Bay, California, Nov. 30—Dec.1. Guest co-chairs for the event will be Qualtrics Founder Ryan Smith and GV Partner Terri Burns. CEOs on hand will include Hans Vestberg of Verizon, Pat Gelsinger of Intel, Kevin Mandia of FireEye, Tekedra Mawakana of Waymo, Adi Tatarko of Houzz, Dave Baszucki of Roblox, and Anousheh Ansari of the X Prize Foundation. More information here.

And your must-read this morning is Rey Mashayekhi’s deep dive into why the Department of Justice effectively shut down Visa’s acquisition of buzzy fintech unicorn Plaid—and what Plaid plans to do next.

Alan Murray
@alansmurray

alan.murray@fortune.com

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AROUND THE WATER COOLER

Apple health

Apple's attempts at disrupting the health care sector have stalled, according to the Wall Street Journal, which reports the company has "shifted the focus of its health unit to something it knows well: Selling devices, specifically the Apple Watch." WSJ

Smokin' stimulus

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CAPE signal

Robert Shiller's famous cyclically adjusted price/earnings (CAPE) ratio is signaling that "stocks are at their most richly valued as compared with any time in the past 150 years" apart from the dotcom boom, writes Fortune's Shawn Tully: "Starting at an ultrahigh CAPE ratio portends poor to mediocre performance five or 10 years hence." Fortune

Scott philanthropy

MacKenzie Scott has given away another $2.74 billion of her Amazon-derived fortune "to 286 high-impact organizations in categories and communities that have been historically underfunded and overlooked." Recipients include smaller arts and cultural institutions, higher education institutions targeting chronically underserved communities, and social-sector infrastructure organizations. Fortune

This edition of CEO Daily was edited by David Meyer.

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