Good morning.
Like the pain of labor, the angst induced by this U.S. election will hopefully fade once we are presented with the results. That’s when the debate will shift deeper into the policy front as we contemplate the various permutations of Congress and a new commander in chief.
In a new Stagwell survey of 100 CEOs of companies with 10,000-plus employees, 52% of respondents from U.S.-based companies said they believed Trump would be more likely to boost the global economy if elected, vs. 15% for Harris. The remainder said it was a draw. Only 30% of CEOs leading non-U.S. companies felt the same way, vs. 35% for Harris. That geographic divide might reflect the fact that U.S. leaders are more concerned about domestic regulation while their foreign counterparts are worried about tariffs. (Here is a commentary by several former U.S. CEO who argue Harris will be a better bet.)
Having given birth to my oldest child on the same day that the Florida Supreme Court ordered a recount of ballots with “hanging chads” in the Bush v. Gore contest in 2000—only to have the U.S. Supreme Court end that recount four days later—I hope for a clear result.
Then I look forward to the Fortune Global Forum on Nov. 11 and 12, when we can sit down with CEOs and leaders from around the world in New York to get a better understanding of what happens next. Here is a partial list of speakers who will be joining us at this year’s event. We will also be joined by some speakers not listed here whom I’m very excited to hear from. There will be a mix of on- and off-the-record conversations, as well as special performances and other opportunities. If you’re a CEO who wants to join us for this incredible event, click here to apply to come. We have only a few spots left, and registration will soon close.
What better time to connect and draw on collective intelligence to find new opportunities to grow? When friends and family popped in, bringing laughter, wisdom and good food to this shell-shocked new mom, I knew everything would be okay.
More news below.
Diane Brady
diane.brady@fortune.com
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TOP NEWS
Starbucks CEO moves to get non-dairy customers back
New Starbucks CEO Brian Niccol is making non-dairy milk free in an effort to woo customers back to the coffee shop chain. The company failed to meet sales expectations when they released an earnings report for their most recent quarter last week.
AWS employees call out RTO
More than 500 employees in Amazon’s Web Service division sent an open letter to division CEO Matt Garman on Wednesday criticizing comments that he made suggesting in-person work is necessary for innovation. The employees, who will have to return to the office five days per week starting in January, described the comment as “inconsistent” with the company’s culture.
EY steps down from Super Micro audit
U.S.-based chipmaker Super Micro saw its stock tumble 33% on Wednesday after EY, the company’s auditor, resigned in the midst of working with the company. EY claimed they resigned because they could no longer rely on Super Micro management or the board’s audit committee.
AROUND THE WATERCOOLER
Anthony Scaramucci’s case against Trump by Anthony Scaramucci
A little-known startup is acquiring enormous diamonds—and using blockchain tech to shake up a $100 billion industry by Vivienne Walt
Jo Natauri’s Invidia Capital seeks $850 million for first fund by Luisa Beltran
You can own Christian Bale’s Batmobile, but you’ll need a Bruce Wayne-sized fortune to afford it by Chris Morris
Ikea pledges €6 million to former prisoners of communist East Germany who were forced to build flat-pack furniture during the Cold War by Prarthana Prakash
Donald Trump’s net worth plunges by more than $1 billion in one day as his meme stock tanks by Christiaan Hetzner
23andMe appoints three former CFOs as new directors—after the previous board all resigned by Sheryl Estrada
This edition of CEO Daily was curated by Joey Abrams.
