Say what you will about Tom Brady, there’s no undercutting his singularity—or the endless fascination with how he “gets it done.”
During his momentous football career, the longtime New England Patriots quarterback won seven Super Bowl rings—the most of any player, ever—and garnered a reputation for being fastidious and disciplined. (TB12, anyone?)
In his second act, Brady has pivoted toward everything from NFTs to FTX to sports commentating to, most recently, partnering with Delta Air Lines as an advisor.
He appeared opposite CEO Ed Bastian on Delta’s Gaining Altitude podcast this week to discuss his virtues and values and reflect on what’s put him ahead of the pack.
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Making it to the Olympics is “a non-stop grind,” according to soccer star Lindsey Horan.
The 30-year-old co-captain of the U.S. Women’s National Team is gearing up for her third Olympics this summer after helping her team earn a bronze medal at the 2020 Tokyo Games.
Now in her third Olympics, Horan will lead the 18-player roster, announced just last week, in Paris as the team aims to recapture a gold medal, one the U.S. has not seen since 2012.
While investment in women’s sports is growing, “there’s still a massive difference” between men’s and women’s contracts, admits Horan, whose status as the most expensive USWNT player nets her just $1.5 million in off- and on-field earnings, according to Forbes.
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When Steve Ballmer joined Microsoft he didn’t get a single company share. But now, his skyrocketing Microsoft holdings have made him richer than the company’s founder.
The 68-year-old former Microsoft CEO squeaked by his onetime boss Bill Gates to become the sixth richest person in the world on Monday with a net worth of $157 billion. He is now richer than many well-known tech entrepreneurs including Google cofounder Sergey Brin, Oracle founder Larry Ellison, and Dell Technologies CEO Michael Dell.
It’s also the first time that Ballmer’s net worth has surpassed that of Gates, and one of the few times in history an employee has come to be richer than a company’s founder.
Ballmer is the only person with a net worth of $100 billion or more who made their money as an employee rather than a founder, as Fortune previously reported.
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“If you’re on time, you’re late.”
We asked New Yorkers how many minutes they consider too late to arrive at work. Here’s what they said.
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CEOs’ cups runneth over, largely because they’re serving themselves. And the billionaire CEO of Salesforce, Marc Benioff, is no exception.
But it seems as if Benioff’s spree is slowing down ever so slightly, as his shareholders just pumped the brakes on his latest hefty compensation package.
Alongside the suggested pay plans of other Salesforce executives, Benioff’s proposed compensation was rejected by 404.8 million votes (versus 339.3 million in favor), according to a Securities and Exchange Commission filing published on Monday.
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“For a number of reasons, I am not convinced that these models will achieve that type of breakthrough in the near future.”
It’s been more than 18 months since ChatGPT’s debut sparked a rally that propelled AI chipmaker Nvidia to a $3 trillion market cap in June, yet billionaire investor Ken Griffin isn’t buying the hype around the technology—not yet at least.
Speaking to Citadel’s new class of interns in New York, the founder and CEO acknowledged artificial intelligence had reached an “inflection point” with the rollout of large language models, but disputed that LLM-based tools like OpenAI’s own ChatGPT would over the next three years become more valuable than the top talent he’s recruiting straight out of universities.
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For more than 50 years, Patagonia has built a reputation as one of the most respected brands on the planet.
Patagonia’s conscientious approach to business has long extended to its employees. From the start, Yvon Chouinard, the mystic climber turned entrepreneur who founded the company, set flexible work hours that gave staff the freedom to chase waves when the swells were right, or pick up their kids from school—all part of an alternative approach to business that Chouinard outlined in his autobiography, Let My People Go Surfing.
So it didn’t come as a surprise that when Patagonia announced earlier this week it was asking a third of its customer service staff to either move to one of seven cities in the U.S. or part ways with the company, the decision generated headlines.
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Last year, Thasunda Brown Duckett, President and CEO of TIAA spoke to the graduating class of the MBA program at The Wharton School of the University of Pennsylvania.
She reflected on her speech in a personal Linkedln post, where she shared some of her key reflections.
“And what I know today, as a leader, is that I rent my title, but I own my character,” Duckett wrote.
“I get introduced as Thasunda Brown Duckett, President and CEO of TIAA. But that title is rented. It describes me, but it doesn’t define me. I earned it, but I don’t own it. To own something feels entirely different. When you own something, it belongs to you. You can claim it and proclaim it. It’s yours,” she added.
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@sunisalee is heading to Paris for the 2024 Olympics as one of five women to qualify for the U.S. women’s gymnastics team.
However, the road to Paris has not been smooth sailing for Lee, who told TODAY this week that “it feels absolutely insane” to be marching toward her second Olympics representing Team USA.
Lee swears by a daily mental ritual to calm her nerves and get in confidence mode, which includes journaling four to five pages before every competition.
“I like to write down my keywords, trying to remember my why, things that I need to remember when I’m out there competing,” Lee tells Fortune.
🔗 Click the link in our bio for the 10-word rallying cry she recites before competing.
“It made me feel terrible. And it also was such a gift.”
Sallie Krawcheck, Wall Street veteran and founder of Ellevest, walked Fortune through her early career and the building of Ellevest.
Her work has led Krawcheck, 59, to become one of the most powerful women—and people, period—on Wall Street. During her ascent, Krawcheck led Bank of America’s Global Wealth and Investment Management division, and served as CEO of Sanford Bernstein and CFO of CitiGroup, among many other plum roles.
In an interview with Fortune, Krawcheck discussed being fired twice from glass-cliff jobs.
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Chipotle executives have sworn up and down that the restaurant chain doesn’t have a portion problem, but an analysis by Wells Fargo begs to differ.
To finally “put the ‘weight debate’ to rest,” Wells Fargo analyst Zachary Fadem and his team bought and weighed 75 burrito bowls, they wrote in a note this week. The analysts “studied” (and hopefully later devoured) burrito bowls at eight different Chipotle locations in New York City, with half the orders placed digitally and the other half in person.
Throughout the study, the analysts found that the bowls’ weights were wildly inconsistent.
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Arizona Iced Tea founder Don Vultaggio has kept the price of his famous tea at 99 cents for 40 years even as inflation has pushed the cost of everything up.
For him, that’s exactly the point.
Even though Arizona’s own costs of production have gone up with inflation, Vultaggio said the company is in a strong enough position that it doesn’t need to raise the price of its signature beverage—just yet. In exchange, they hope to gain goodwill and positive attention from potential customers.
“We’re successful, we’re debt-free, we own everything,” he told Today in an interview. “Why? Why have people who are having a hard time paying their rent have to pay more for our drink?”
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