In a world of shorter cycles, faster innovation and an increased urgency to transform and adapt, Nassetta preaches the power of playing the long game. He became CEO of Hilton in 2007 and told me that transforming a fragmented hotel company into a cohesive high-performing culture took years. It has paid off as Hilton was just named the No. 1 World’s Best Workplace by Fortune and Great Place To Work for the third time and second consecutive year. Leadership, or the lack thereof, is top of mind. Running a founder-led tech company like Nvidia is obviously different from managing a people-centric global hospitality company like Hilton.

We’re paying a lot of attention this week to the perils of tech titans who make it all about themselves. Let’s also look at the playbook of a very different style of leader. We don’t just pick who gets on the Best Workplace list. It’s determined by data like employee engagement, where Hilton scored 93% in a company of more than 500,000 workers across 9,600 properties. And 93% of the leaders across those properties got their start in frontline jobs. They get training, perks, and opportunities to rotate in different roles.

What matters most is who’s in charge. Nassetta thinks a lot about the art and science and execution of leadership. He talks about the need for humility, agility and communicating a “vision in unique and different ways so that people feel part of something bigger than themselves.”

And of course he thinks about AI. “There’s so much money and time being spent trying to scare people as opposed to trying to educate people about where … the different possibilities are,” he told me. “AI, as well as other forms of technology we’ve used, have been tools that we can put in the hands of our frontline team members that help them do their job better, faster, easier.”

Is he replaceable? You bet. He believes building a bench of talent is part of the job, arguing “you take way too much risk trying to bring somebody in from the outside.”

And there’s no shortcut when it comes to listening, learning and building a great workplace. As with diet and exercise, it can take years to see the full results. “If you said to me, you have five years to ring the bell, high-five it, and you’ve totally rebuilt the culture, based on what I know now, I would have said, not possible,” he said. “It’s a marathon, not a sprint.

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

Top leadership news

Huang’s Nvidia exit adds uncertainty to Anthropic’s IPO

Jensen Huang’s resignation as Nvidia CEO has added uncertainty to Anthropic’s planned stock market debut next week, with Nvidia committed to buying about $10 billion in shares alongside the offering. Analysts and investors say the departure is unlikely to derail the IPO but could bring closer scrutiny of Anthropic’s Nvidia ties.

Nvidia’s management structure leaves no clear successor to Huang

Jensen Huang had 36 direct reports at Nvidia, keeping decisions close to him rather than building layers of management. His sudden departure exposed a potential cost of such ‘flat’ organizational structures: no obvious successor to take over the company.

Standard Chartered’s profit rises as trade shifts bring new business

Standard Chartered’s third-quarter net profit rose 46% to $1.5 billion, and CEO Bill Winters said geopolitical divisions are creating opportunities for the bank. Companies shifting production and investment between countries is leading to more lending and international payments business.

The markets

S&P 500 futures are up 0.06% this morning. The last session closed down 0.35%. The STOXX Europe 600 was down 0.04% in early trading. The U.K.’s FTSE 100 was up 0.26% in early trading. Japan’s Nikkei 225 was up 0.53%. South Korea’s KOSPI was down 0.98%. China’s CSI 300 was down 0.68%. Hong Kong’s Hang Seng was down 1.55%. India’s NIFTY 50 was down 0.63% today. Bitcoin is down at $69k.

Around the watercooler

‘The plot twist’: A study of 73,000 adults found America’s richest still die sooner than most Europeans by Lena Borrelli

After Jensen Huang is Howard Lutnick the prime target of national security inquiry? by Jeffrey Sonnenfeld and Steven Tian

Before Megaspeed, there was Supermicro: The other Nvidia partner tied to China chip smuggling—and to Jensen Huang by Amanda Gerut

Nvidia abruptly changed how it reported revenue in Singapore last year, adding to questions about its relationship with Megaspeed by Sasha Rogelberg

CEO Daily is curated and edited by Joseph Abrams, Jason Ma, Claire Zillman, and Lee Clifford.