What We're Reading Today
Waymo accuses Uber and Otto of stealing data
Otto founder Anthony Levandowski worked for Google's self driving car unit, now known as Waymo. The company accuses him of downloading 14,000 confidential files before quitting and starting Otto, the self-driving truck company bought by Travis Kalanick's Uber last year. Uber says it will review the allegations. [ts_link link="http://fortune.com/2017/02/23/waymo-sues-uber-otto/" source= "Fortune"]
GM helps shape self-driving car regulations
When Illinois state Rep. Michael Zalewski introduced legislation allowing car makers to run self-driving taxi services, he had help from Mary Barra's company. The bill applies only to companies that manufacture their own vehicles, like GM. But GM says lawmakers make the decisions, and it's working with Uber and Waymo to create language they all support. [ts_link link="https://www.wsj.com/articles/gm-tech-industry-at-loggerheads-over-self-driving-cars-1487932204" source= "WSJ"]
The reason for Snap owners' hyper-strong control
As Snap prepares for an IPO, investors wonder why founders Evan Spiegel and Bobby Murphy will hold virtually total voting power. The reason might harken back to a control battle with one of Snap's earliest investors, venture capital firm Lightspeed Venture Partners. [ts_link link="https://www.nytimes.com/2017/02/23/technology/snap-founders-evan-spiegel-bobby-murphy.html" source= "NYT"]
Building Better Leaders
If you're angry about your workplace...
...express your thoughts in a constructive manner. Determine the real reason you're angry, then frame a response that will connect with the person you're angry at. [ts_link link="https://www.fastcompany.com/3068412/career-evolution/how-to-channel-your-rage-into-something-constructive-at-work" source= "Fast Company"]
Millennials aren't rewarded for staying in one job
Contrary to popular belief, millennials are switching jobs less than previous generations, even though employers have stopped offering pay hikes to millennials who stick around. [ts_link link="http://fortune.com/2017/02/24/millennials-job-loyalty-pay-rise/" source= "Fortune"]
Only 8% of corporate reorganizations...
...produce the expected results and create value within the expected time. [ts_link link="https://hbr.org/2017/02/assessment-how-successful-was-your-companys-reorg" source= "Harvard Business Review"]
Chief of staff Reince Priebus asked the FBI...
...to refute reports that some of President Trump's closest confidants were communicating with Russian intelligence agents during the campaign. The conversation between Priebus and deputy FBI director Andrew McCabe has angered Democrats, who say it violates laws limiting communication between the administration and law enforcement agencies during an open investigation. [ts_link link="http://fortune.com/2017/02/24/trump-priebus-fbi-russia-election/" source= "Fortune"]
Trump meets with manufacturers
Trump convened 24 manufacturing leaders, including Dow Chemical's Andrew Liveris, General Electric's Jeffrey Immelt, and Lockheed Martin's Marillyn Hewson. During the public portion of the meeting, he attacked trade deals and vowed to punish companies that move jobs overseas. [ts_link link="https://www.bloomberg.com/politics/articles/2017-02-22/trump-meets-with-corporate-ceos-thursday-on-economic-policies" source= "Bloomberg"]
Bannon speaks at CPAC
In his first speech since the inauguration, White House chief strategist Stephen Bannon said the administration is on track and is dedicated to the "deconstruction of the administrative state.” He said Trump aims to fulfill every pledge he made during the campaign. [ts_link link="https://www.washingtonpost.com/politics/top-wh-strategist-vows-a-daily-fight-for-deconstruction-of-the-administrative-state/2017/02/23/03f6b8da-f9ea-11e6-bf01-d47f8cf9b643_story.html?utm_term=.2c6934409494" source= "Washington Post"]
Fortune Reads and Videos
Trump says he saved $1 billion on Air Force One jets, but...
...the Air Force doesn't know where that figure comes from. [ts_link link="http://fortune.com/2017/02/24/trump-air-force-one-boeing/" source= "Fortune"]
J.C. Penney to close 140 stores...
...as comparable sales fall 0.7%. [ts_link link="http://fortune.com/2017/02/24/jcpenney-stores-2/" source= "Fortune"]
Google challenges Apple's Siri...
...to a text message dictation challenge. [ts_link link="http://fortune.com/2017/02/23/google-iphone-keyboard-voice/" source= "Fortune"]
Quote of the Day
"Celebrate endings - for they precede new beginnings." -- Jonathan Lockwood Huie [ts_link link="http://tinybuddha.com/wisdom-quotes/celebrate-endings-for-they-precede-new-beginnings/" source= "Tiny Buddha"]
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