since Elon Musk extended his
While sales of Tesla cars have suffered greatly arm and wallet to politics globally, his Starlink and Tesla Energy products have continued to do well. There's lots of EV competition, but zero alternatives for cheap and fast consumer internet that can be quickly deployed in data dead zones, or whole home battery backup systems with a proven track record and terrific user experience. Although the competitors are quickly gearing up to address the latter.
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Yahoo
6 minutes ago
- Yahoo
Tesla, Inc. (TSLA)'s 'A Cult Stock,' Says Jim Cramer
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Fast Company
7 minutes ago
- Fast Company
How leaders can be transparent about their belief systems without alienating anyone
Not long ago, leaders largely steered clear of the rough-and-tumble of politics. They inhabited a culture of impartiality, and for the most part stayed in their lane, rising now and then when called upon to offer observations about their specific sectors. Those times are over. We now live in an era of CEO activism, where shareholders, employees, and consumers expect corporate leaders to take a stand on issues far beyond their core industry—issues like immigration, DEI, or gender rights. Whereas before, hardly anyone outside of their industry could pick a chief executives out of a lineup, today's business leaders from Howard Schultz to Bill Gates to Elon Musk are household names, with the ability to influence public discourse—and policy—with a single tweet. For a business, there are distinct advantages to taking a political stand. At the same time, there is a fine line between brand enhancement and brand destruction. In this climate, how can a leader be transparent about her or his belief system without alienating anyone? Rewards and Risks First, it's hard, if not impossible, to reveal your belief system without alienating someone. It's almost a given: audiences and stakeholders these days may demand a political stand, but they can also be thin-skinned and easily offended when they don't agree with that stand. For the leader, the key is to avoid alienating significant portions of the constituencies and stakeholders responsible for the company's ultimate success: shareholders, employees, and consumers. When it comes to affiliating openly with a political figure or party, there can be advantages, such as privileged access and perhaps the ability to favorably influence policy direction. That said, there are also risks. Some of them are obvious: political fortunes are volatile, and public opinion is fickle, both of which can spell trouble for an aligned business. Political leaders have many priorities, and can shift their own positions on a dime, leaving a company that has publicly pledged allegiance with a case of whiplash. They are also prone to scandal, leaving aligned brands exposed to public outrage. Moreover, while there are certainly dangers in speaking out, silence can also have negative consequences in the public eye. It's important to realize that political parties, personalities, even movements come and go. Leaders are in this for the long haul; they should want their company to prosper for more than one election cycle. Recent events demonstrate the power of public opinion. The Trump administration's executive orders against diversity and inclusion initiatives split the business communities. Target rushed to align with the new directives, but Costco remained true to its own DEI stance. As a result, consumers punished Target and rewarded Costco. Staying true to the core Remember that politicians are paid to be politicians. Executives are not. Leaders are paid to ensure a company grows and prospers far into the future. That might mean rubbing elbows with those in power, or even contributing to campaigns, but it does not have to mean selling the soul of your identity, i.e. politicizing the brand or dragging a company's image (along with you) for the sake of a small short-term advantage. Reputations are hard to rebuild, and customers, once lost, are hard to reclaim. While a leader's personal beliefs may inform actions both private and professional, there are a few basic principles that can act as guardrails, providing the freedom to be transparent while preventing the leader's viewpoints and actions from creating conflicts and harming the company's fortunes. 1. Focus on values, not politics Nobody expects an executive and a workforce of thousands to agree on every issue. But a leader can set the tone by emphasizing core organizational values rather than personal political opinions. Companies are strongest when they articulate and consistently adhere to a clear set of values—regardless of shifting political winds. 2. Tie beliefs to business mission As a leader, you are a steward of your company's mission—not a political spokesperson. If your personal convictions align with your business's purpose, express them in a way that supports that mission. If they don't, reflect on whether your current role aligns with your values. A CEO thrives when personal belief and business purpose reinforce one another. 3. Build credibility through consistency While political trends are fickle, brand trust is built over time. Consumers reward companies that consistently uphold their stated commitments—whether to sustainability, product quality, or inclusion. Consistency is credibility. 4. Respect dissent, invite dialogue Foster a culture where respectful disagreement is welcome. Employees should feel safe expressing differing opinions without fear of retaliation. 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Bloomberg
8 minutes ago
- Bloomberg
Landing a $35 Billion Tech Deal in the Middle of Trade Turbulence
By Welcome to CFO Briefing, a newsletter devoted to corporate finance and what leaders need to know. This week, I speak to Synopsys CFO Shelagh Glaser about how the software provider navigated the drawn-out approval process for its $35 billion acquisition of Ansys. I also connect with the finance chief of Colombia's biggest bank. But first, here's some other news that caught my eye:
