3 things that caught our attention this week
1.????? Nike's Leadership Shakeup: Lessons in Short-Term Thinking
Six days after Bloomberg’s scathing critique of John Donahoe’s leadership, Nike swiftly replaced him with veteran Elliott Hill. Under Donahoe, Nike enjoyed short-term financial gains, but his focus on quick wins—like cutting out middlemen and directing traffic to its own stores - eroded the brand’s long-term appeal and alienated key partners. The fallout highlights a crucial leadership lesson: prioritizing immediate results can compromise the strategic, lasting growth of a brand.
https://tinyurl.com/3skjsw9y?(Bloomberg)
2.????? A Billionaire's Surveillance Utopia
Oracle co-founder Larry Ellison, who became the second richest person in the world this week, told his shareholders that he envisions a future where AI-powered cameras and drones monitor every aspect of our lives to ensure "good behavior." Describing a future where police, citizens, and criminals are under constant watch, Ellison believes this level of supervision will make society safer. But at what cost? Is Ellison's dream a chilling warning of a digital dystopia?
3.????? Debt Balloons as Candidates stay quiet
The federal debt is soaring, with the U.S. adding a staggering trillion dollars in debt every 100 days. Yet, despite the gravity of this issue, it remains largely absent from the presidential election conversation. According to the Wall Street Journal, the reason might be simple: both candidates were part of administrations that oversaw ballooning deficits. Neither is expected to break the trend if elected.
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