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

Trendingnow

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

1

Current price of oil as of June 16, 2026

2

Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup

3

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
NewslettersBroadsheet

How Lori Lightfoot became the first Chicago mayor to lose reelection in 40 years

By
Emma Hinchliffe
Emma Hinchliffe
and
Kinsey Crowley
Kinsey Crowley
Down Arrow Button Icon
By
Emma Hinchliffe
Emma Hinchliffe
and
Kinsey Crowley
Kinsey Crowley
Down Arrow Button Icon
March 1, 2023, 9:23 AM ET
Chicago Mayor Lori Lightfoot conceded her reelection bid last night.
Chicago Mayor Lori Lightfoot conceded her reelection bid last night. Kamil Krzaczynski—Getty Images
Add Fortune on Google for similar content.

Good morning, Broadsheet readers! Julie Su will be President Joe Biden’s next labor secretary; the Supreme Court hears oral arguments about student loan relief; and Lori Lightfoot is ousted in Chicago. Happy Wednesday!

Chicago’s choice. For the first time in 40 years, a Chicago mayor lost reelection. Lori Lightfoot ranked third in a nine-way election last night, ending her bid for a second term as the race advances to an April runoff vote.

Lightfoot rose to Chicago’s top political position in 2019, in a race in which she won all 50 of the city’s wards. At the time, she ran on a promise to end corruption and backroom dealing. The 60-year-old was Chicago’s first Black female mayor and the first openly gay mayor of the United States’ third-largest city.

Chicago Mayor Lori Lightfoot conceded her reelection bid last night.
Kamil Krzaczynski—Getty Images

So what happened? Two major forces are to blame: a battle with powerful unions and a rise in crime that voters and opponents blamed on the mayor.

Lightfoot has spent recent months locked in a battle with the Chicago Teachers Union. The animosity goes back four years, to when Lightfoot first took office; a teachers’ strike that year grew contentious. School closures and Lightfoot’s efforts to reopen schools during the pandemic didn’t help; the union pushed back against early 2021 reopening plans and accused Lightfoot of failing to negotiate. The union backed Lightfoot’s competitor, Brandon Johnson, a former teacher who surged late in the campaign and will now advance to the runoff.

Other candidates—including Paul Vallas, who earned the most votes yesterday with a tough-on-crime, pro-police message—capitalized on a concern among Chicagoans about crime levels. Lightfoot also fought with the city’s police union over a COVID-19 vaccine mandate.

Lightfoot conceded the race last night. “I will be rooting and praying for our next mayor to deliver for the people of the city for years to come,” she said in her concession speech.

By a twist of fate, the last Chicago mayor to lose reelection was Jane Byrne in 1983. Byrne was the city’s first female mayor.

Emma Hinchliffe
emma.hinchliffe@fortune.com
@_emmahinchliffe

The Broadsheet is Fortune’s newsletter for and about the world’s most powerful women. Today’s edition was curated by Kinsey Crowley. Subscribe here.

ALSO IN THE HEADLINES

Persuasive argument. The Supreme Court heard oral arguments yesterday in cases that will decide the fate of President Joe Biden’s student loan relief plan. Conservative justices see the two cases as an opportunity to rein in what they consider to be presidential overreach, while Justice Sonia Sotomayor brought attention back to the 50 million borrowers who will be affected by the outcome. CNN

Promoted. Julie Su beat out the competition to be nominated as Biden’s next labor secretary, a promotion from her current spot as deputy secretary. Su was the favorite among candidates, but others like Sara Nelson, president of a flight attendants union, received praise from the likes of Sen. Bernie Sanders (I-Vt.). Washington Post

Childcare for chips. Companies hoping to cash in on more than $150 million in subsidies provided by the $52 billion Chips Act will have to disclose their plans for employee childcare. The Biden administration had previously tried to ease the growing cost of childcare as part of the Build Back Better program, but funding for it was cut last year. Washington Post

Dimon’s dime. The legal battle continues between student financial aid startup founder Charlie Javice and JPMorgan, which acquired the startup Frank for $175 million in 2021. Javice said in a recent court filing that JPMorgan CEO Jamie Dimon had a personal interest in the deal, telling her that his company should “get the deal done” two months before it was finalized. Fortune

MOVERS AND SHAKERS: P.volve is bolstering its marketing team with former Peloton marketing exec Karina Kogan as strategic adviser and fractional CMO, Antonietta Vicario as chief training officer, and Katie Rosholt as SVP of marketing. Trier Bryant is joining the board of Athena, the all-women SPAC network. InterPrice Technologies has added Dana Laidhold, Loren Straub, and Kim Trautmann to its board of directors. Pinterest marketing executive Andréa Mallard will join the board of content creator platform Kajabi. 

IN CASE YOU MISSED IT

Founder fever. The boundaries separating influencers and startup founders are disintegrating. Founders with big social followings like Monica Grohne, Emma Chamberlain, and Jing Gao have become intrinsic parts of their direct-to-consumer startup brands. While the personal touch on brand marketing helps attract customers, some worry that the trend could be bad for business longevity and founder burnout. Modern Retail

Grounded progress. Despite years of advocacy, the airline industry is struggling to bring women into leadership positions and board seats. Women hold just 13% of executive positions among more than 100 airline carriers; by comparison, women comprise 21% of board seats in the financial sector. Bloomberg

Slow down fashion. Inditex, the Spanish corporation that owns fast fashion retailer Zara and is led by Marta Ortega, produced 565,027 metric tons of garments in 2021. Although the company is investing in sustainable fashion startups, the EU is likely to slap down restrictions on mass production as part of an effort to make all clothes “long-lived and recyclable” by 2030. Japan Times

ON MY RADAR

TikTok’s rap girlies are the future of hip-hop Teen Vogue

Why I’m not writing about kids and screen time anymore Wall Street Journal

Clergy with trans kids fight back Washington Post

Hulu’s fascinating and incomplete 1619 Project The New Yorker

PARTING WORDS

“You change the world by being yourself.”

—Yoko Ono, who recently turned 90 years old

This is the web version of The Broadsheet, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.

About the Authors
Emma Hinchliffe
By Emma HinchliffeMost Powerful Women Editor
LinkedIn iconTwitter icon

Emma Hinchliffe is Fortune’s Most Powerful Women editor, overseeing editorial for the longstanding franchise. As a senior writer at Fortune, Emma has covered women in business and gender-lens news across business, politics, and culture. She is the lead author of the Most Powerful Women Daily newsletter (formerly the Broadsheet), Fortune’s daily missive for and about the women leading the business world.

See full bioRight Arrow Button Icon
By Kinsey Crowley
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Newsletters

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 Newsletters

An executive team together in a conference meeting room in contemporary modern office.
NewslettersCFO Daily
CFO pay surged 8% last year—and long-term incentives now account for 63% of the average package
By Sheryl EstradaJune 17, 2026
3 hours ago
OpenAI’s balance sheet remains the most mysterious—and consequential—in business
NewslettersTerm Sheet
OpenAI’s balance sheet remains the most mysterious—and consequential—in business
By Allie GarfinkleJune 17, 2026
4 hours ago
TIAA CEO Thasunda Brown Duckett is undertaking a retirement revolution—with $1.5 trillion to back it up
NewslettersCEO Daily
TIAA CEO Thasunda Brown Duckett is undertaking a retirement revolution—with $1.5 trillion to back it up
By Alyson ShontellJune 17, 2026
4 hours ago
Cursor co-founder and CEO Michael Truell speaking at Fortune Brainstorm AI 2025 in San Francisco, California. (Photo: Stuart Isett/Fortune)
NewslettersFortune Tech
SpaceX will officially acquire Cursor for $60 billion
By Andrew NuscaJune 17, 2026
5 hours ago
Anthropic CEO Dario Amodei speaking into a microphone.
NewslettersEye on AI
Decision on Anthropic’s Fable and Mythos models means the U.S. has a licensing regime for frontier AI—it just doesn’t want to admit it
By Jeremy KahnJune 16, 2026
18 hours ago
Erin Brockovich takes on data centers
NewslettersMPW Daily
Erin Brockovich takes on data centers
By Emma HinchliffeJune 16, 2026
23 hours ago

Most Popular

Current price of oil as of June 16, 2026
Personal Finance
Current price of oil as of June 16, 2026
By Joseph HostetlerJune 16, 2026
1 day ago
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
Success
Team USA star Ricardo Pepi grew up in a trailer in El Paso—and his parents pawned their car title to fuel his soccer dream. Now, he’s in the World Cup
By Preston ForeJune 15, 2026
2 days ago
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezJune 16, 2026
1 day ago
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
By Nick LichtenbergJune 16, 2026
1 day ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
2 days ago
Current price of oil as of June 15, 2026
Personal Finance
Current price of oil as of June 15, 2026
By Joseph HostetlerJune 15, 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.