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Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

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Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

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A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk's reply: 'I am actually going to do something along these lines'

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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
NewslettersCEO Daily

Asia now exports culture, ideas, tech and leadership

Diane Brady
By
Diane Brady
Diane Brady
Executive Editorial Director
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Diane Brady
By
Diane Brady
Diane Brady
Executive Editorial Director
Down Arrow Button Icon
December 3, 2024, 5:41 AM ET
Neeraj Aggarwal, chairman, Asia Pacific, BCG speaks during the TIME100 Leadership Forum on Oc. 2, 2022 in Singapore.
Neeraj Aggarwal, chairman, Asia Pacific, BCG speaks during the TIME100 Leadership Forum on Oc. 2, 2022 in Singapore. Ore Huiying—Getty Images for TIME
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Good morning.

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When I moved to Asia at the start of my career in the 1990s, much of its growth was fueled by industrialization and leveraging low-cost labor in a globalizing world. Today, as BCG’s Asia-Pacific chair Neeraj Aggarwal noted in a recent TED Talk, Asia is increasingly exporting culture, ideas, technology and leadership.

He joined me earlier today for a roundtable with Asia-Pacific leaders in a series sponsored by BCG.

“Never in the history of humankind have we had so many revolutions happening together, so much change,” Aggarwal said. For many of the leaders he meets, “this upheaval is actually generating a sense of energy” as change creates not just stress but opportunity.

Other comments:

Our ultimate customer is the patient but physicians make the treatment decision and then there are many other different stakeholders. To combine them as one consumer base, AI is a really useful tool. — Naoki Okamura, president, Astellas Pharma Inc. 

We spend a lot of resources to promote a human-centric culture and innovation culture. I think this is very important for us to keep long-term growth… For Gen X, Y, Z, they want to work to earn some money, but they need to know the purpose. Creating the right culture is very important. — Hsien-Yuen (S.Y.) Hsu, co-CEO, ASUSTeK Computer Inc. 

TDK is a manufacturer of electric devices like passive components, sensors, DG, minor batteries and magnetic head for the data center. It’s a Japanese company with 100,000 team members all over the world. Just 10% are Japanese… We are utilizing AI to make our operations more efficient…and create new business opportunities in areas like predictive maintenance. — Shuichi Hashiyama, general manager, TDK Corp. 

If you’re able to deploy capital or resources with a long-term view, Gen AI is a tremendous opportunity… And partnerships are increasingly important with all these opportunities. Nobody can go it alone. Those who you thought were competitors before now, sometimes you’re best friends in terms of how you’re able to go to market, reach customers and serve customers. — Roary Stasko, CEO, Telstra International 

How do we keep the lights on with our ultra-high net worth clients who still need people to service them in their investment recommendations? But then we have to tap a new market as well, which is more of the mass market, a new gen that’s completely digital. With AI, we can grow to smaller segments, especially in terms of recommending product investments. — Arapat Sangkharat, CEO, Maybank Securities Thailand

More news below. 

Diane Brady
diane.brady@fortune.com
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TOP NEWS

Pat Gelsinger is out at Intel
Intel CEO Pat Gelsinger retired as head of the struggling chipmaker following a no-confidence vote from investors. The company veteran had broad plans to bring Intel up to par with competitors like Nvidia, TSMC, and AMD, but its shares have more than halved since Gelsinger took over. Fortune

Stellantis CEO resigns
Stellantis CEO Carlos Tavares resigned on Sunday and was replaced immediately with John Elkann, the carmaker’s board director and the heir to Fiat. In his resignation, Tavares took responsibility for the company’s lagging sales. Fortune

LinkedIn cofounder considers leaving country over political retribution
Reid Hoffman, the LinkedIn cofounder who helped bankroll Kamala Harris’ campaign and private litigation against Donald Trump, is considering leaving the U.S. out of fear of political retribution, according to the New York Times. President-elect Trump has previously signaled his intent to exact “revenge” on political enemies. Fortune

AROUND THE WATERCOOLER

Tech millionaire who spends $2 million a year to live forever says he packs ‘every calorie’ while traveling abroad—including to India for a week by Alexa Mikhail

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How Warren Buffett has managed to best Big Tech by Sheryl Estrada

Exclusive: Netflix star Ryan Serhant raises $45 million to disrupt the real estate brokerage business by Leo Schwartz

This edition of CEO Daily was curated by Joey Abrams.

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About the Author
Diane Brady
By Diane BradyExecutive Editorial Director
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Diane Brady writes about the issues and leaders impacting the global business landscape. In addition to writing Fortune’s CEO Daily newsletter, she co-hosts the Leadership Next podcast, interviews newsmakers on stage at events worldwide and oversees the Fortune CEO Initiative. She previously worked at Forbes, McKinsey, Bloomberg Businessweek, the Wall Street Journal, and Maclean's. Her book Fraternity was named one of Amazon’s best books of 2012, and she also co-wrote Connecting the Dots with former Cisco CEO John Chambers.

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