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10 summer reading picks from business and financial leaders

10 summer reading picks from business and financial leaders

Fast Company13-06-2025
Hello and welcome to Modern CEO! I'm Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning.
A few weeks ago, I published part of my summer reading list. I asked readers and CEOs to respond with their own picks, and they delivered. Here are a few that stand out, in their own words:
Jay Chandan, chairman and CEO, Gorilla Technology Group
Peak Performance Trading and Investing by Bruce Bower
This is a powerful read that strips away the noise and gets to the essence of how elite thinking drives consistent outperformance. Bower distills decades of experience into pragmatic frameworks that are just as relevant in the boardroom as on the trading floor. His insights go well beyond markets; they offer clarity under pressure and sharpen decision-making across any high-stakes environment.
Kathy Crosby, president and CEO, Truth Initiative
Demon Copperhead by Barbara Kingsolver
As someone who's spent years advocating for children in foster care and adoption, this book is both heartbreaking and affirming. Barbara Kingsolver gives voice to the kids too often left out of the national conversation—resilient, overlooked, and deserving of so much more. This story haunts you because it's not just fiction—it's the truth for too many.
Mary Ellen Iskenderian, president and CEO, Women's World Banking
Fintech Feminists: Increasing Inclusion, Redefining Innovation, and Changing the Future for Women Around the World by Nicole Casperson
Through compelling storytelling and rigorous insight, Nicole Casperson shines a powerful light on the women transforming fintech and, in doing so, reshaping the global economy. This is essential reading for anyone committed to building a more equitable and resilient financial system for women everywhere.
Richard Kopelman, CEO, Aprio Advisory Group
The Curiosity Muscle by Diana Kander and Andy Fromm
This book is a powerful reminder of how curiosity fuels progress. Kander and Fromm offer a clear, practical framework that helps teams adapt in fast-changing environments and unlocks their full potential. Their insights have inspired me to think bigger about how curiosity drives growth, avoids stagnation, and keeps us evolving. It's a timely and energizing read for anyone committed to building a culture of forward momentum and continuous learning.
Philip Krim, cofounder and CEO, Montauk Climate
by Javier Blas and Jack Farchy
This book exposes the history behind the behemoths that dominate today's markets around commodities, power, precious metals, and others. Studying how we got here helps inform me on where we are heading.
Andrew McMahon, chair and CEO, Guardian Life Insurance Company of America
Co-Intelligence: Living and Working with AI by Ethan Mollick
I found Co-Intelligence invaluable for its practical insights on how we can all collaborate with AI. The book reinforces Guardian's vision of using AI to enhance how we serve customers and policyholders, make decisions, and scale our impact.
Anthony Scaramucci, founder and managing partner, SkyBridge Capital
Frank Sinatra Has a Cold and Other Essays by Gay Talese
Gay Talese released a fantastic new book, A Town Without Time, in late 2024, that is absolutely worth reading, but I recommend you start with some of his older material, Frank Sinatra Has a Cold and Other Essays. Talese is credited by Tom Wolfe with the creation of a new form of rich nonfiction writing called 'New Journalism.' As long-form journalism recedes in the face of soundbite-driven social media, I encourage readers to dig into work from the greatest storyteller of a generation.
Mike Tiedemann, CEO, AlTi Tiedemann Global
Lords of Finance: The Bankers Who Broke the World by Liaquat Ahamed
This Pulitzer Prize winner offers a rare perspective on the history of the 1920s and the four central bankers that drove the decisions that, while well intended, ultimately led to the Great Depression. There are lessons in this book that rhyme with the world we are living in today, (e.g., currencies, inflation, trade tensions, and crypto). I found it an incredible perspective to gain about a critical time in history.
Hepsen Uzcan, Americas CEO, DWS Group
Right Kind of Wrong: The Science of Failing Well by Amy Edmondson
In my view, this book captures the challenges between managing innovation, regulatory, and market complexities while navigating through the organizational cultural implications, highlighting the importance of psychological safety we need to foster where failures will be embraced. Fail fast to recover faster.
Austin C. Willis, CEO, Willis Lease Finance
Mind Hacking Happiness, Volumes 1 and 2, by Sean Webb
The first volume was a validation of something that I've known for a while . . . if you don't let too many things attach to your 'self' map, you are less apt to get upset or frustrated when those things are attacked or criticized (i.e., Don't let your identity become intertwined with a sports team. That way, when one loses or is criticized, you don't find yourself getting angry.) The second volume took the concepts to a new level and discussed how mindfulness, science, and religion all interact: Specifically, how the pursuit of enlightenment is foundational to nearly all religions, although enlightenment goes by many names, and how different types of science interact with religion.
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Union says 'nothing scheduled' with Air Canada as strike by flight attendants halts operations
Union says 'nothing scheduled' with Air Canada as strike by flight attendants halts operations

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The union representing Air Canada flight attendants says no talks are scheduled with the airline as a strike that began early Saturday led to the airline suspending operations. The union and airline met late Friday night before 10,000 flight attendants walked off the job at 12:58 a.m. ET, Wesley Lesosky, president of the Air Canada component of the Canadian Union of Public Employees (CUPE), told a morning news conference. Lesosky said their last meeting was Friday night, but Air Canada offered "nothing of substance" to bring back to members. Asked when Canadians could expect to be back on flights, Lesosky said it's up to Air Canada, but that public pressure on the airline will make a "huge difference" in reaching a settlement. CBC News has reached out to Air Canada for comment and will update this story with any response. Jobs Minister Patty Hajdu also met with both the airline and union on Friday night. "It is unacceptable that such little progress has been made. Canadians are counting on both parties to put forward their best efforts," Hajdu said on social media platform X. Picket lines set up across Canada All Air Canada and Air Canada Rouge flights are suspended for now. Around 130,000 customers will be affected each day the strike continues, said the airline. Flights by Air Canada Express, which are operated by third-party airlines Jazz and PAL, are not affected. "Air Canada deeply regrets the effect the strike is having on customers," it said in a brief statement early Saturday morning. CUPE has set up picket lines at airports across Canada, including in Montreal, Toronto, Calgary and Vancouver. Striking flight attendants also plan to picket at airports in Halifax, Ottawa and Winnipeg. In the meantime, passengers around the world are feeling the effects of the flight attendants' strike. Keelin Pringnitz and her family are from Ottawa and were returning from a European vacation, but were left stranded after flights were cancelled. "It was an end of my maternity leave kind of trip. We went to the Faroe Islands and Norway, travelling through Air Canada to London," Pringnitz said from London's Heathrow Airport. She noted there was an option for travellers to go the U.S. but she and others were told there wouldn't be any further assistance once they landed in the U.S. "It didn't go over well with the line. Nobody really seemed interested, everybody seemed a little bit amused almost at the suggestion, or exasperated, because it is a bit ridiculous to offer to take stranded passengers to a different country to strand them there." For customers due to travel soon whose flights are not yet cancelled, Air Canada said it will allow them to rebook their travel or obtain a credit for future travel. Sides at an impasse on pay Air Canada and CUPE have been in contract talks for about eight months, but have yet to reach a tentative deal. Both sides say they remain far apart on the issue of pay and the unpaid work flight attendants do when planes aren't in the air. WATCH | Thousands of Air Canada flight attendants walk off the job: The airline's latest offer included a 38 per cent increase in total compensation, including benefits and pensions over four years, that it said "would have made our flight attendants the best compensated in Canada." But the union pushed back, saying the proposed 8 per cent raise in the first year didn't go far enough because of inflation. Government intervention Air Canada previously asked Hajdu to intervene by ordering the parties to enter a binding arbitration process — a power granted to the minister through Sec. 107 of the Canada Labour Code. On Friday, Hajdu urged Air Canada and the union to get back to the negotiating table, suggesting she's not ready to intervene. The minister said the union has indicated many of its demands have been met, suggesting there is a path forward to a deal. WATCH | The impact of the flight attendants' strike on travellers: Hajdu had asked the union to respond to the company's request. CUPE indicated Friday it opposed arbitration, instead maintaining its desire to solve the impasse through bargaining.

The rich already know how private equity mints money — and it's not from a 401(k)
The rich already know how private equity mints money — and it's not from a 401(k)

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The rich already know how private equity mints money — and it's not from a 401(k)

The ultrawealthy are envied for many reasons. For instance, we wish we could access the same private-market investments that they favor. Now, after the White House issued an executive order on Aug. 7, you may be able to invest like the billionaires do. Homeowners rush to refinance as mortgage-rate plunge opens window of opportunity My wife and I are in our 50s and have $11 million. We're not leaving it to our kids. Is that wrong? You could receive up to $7,500 from the AT&T settlement. Here's how class-action suits work. But would you want to? The executive order allows ordinary retirement savers to invest in private assets and cryptocurrency. This will expand investment options for anyone with a 401(k) or similar tax-advantaged retirement plan. It is a big deal — opening part of America's $12.4 trillion defined-contribution market to private-asset managers. The largest private-equity firms and other asset managers are salivating at the opportunity to pitch this untapped market of retirement savers. Private assets encompass a range of investments that do not trade on a public exchange. Examples include hedge funds, private equity, private credit and infrastructure. The case for private assets is they can provide a buffer against inflation — plus steady returns. The downsides include high fees, illiquidity and complexity. The nation's biggest asset managers welcome the executive order. They want to develop funds that make private assets easier for people to buy, and argue that the added diversification serves savers' best interests. Larry Fink, chief executive of BlackRock BLK, says retirement savers should replace the traditional 60% stocks/40% bonds asset-allocation model with a 50/30/20 split: 50% stocks, 30% bonds and 20% private assets. Read: Larry Fink proposes an alternative to the 60/40 portfolio. It means more fees. Should you be excited about this widening menu of investment choices? It depends on whom you ask. Some investment professionals like the idea of making private assets more available to more people. 'Historically, a number of private-market strategies have produced higher performance and additional diversification in defined-benefit pensions,' says Peter von Lehe, head of investment solutions and strategy at Neuberger Berman. 'It's appropriate that a broader range of investors have access to private assets in their defined-contribution plans because of the potential for return and diversification that these long-term investments can provide.' However, von Lehe cautions that these investments are illiquid and 'have a higher degree of complexity.' He says his 'most appropriate use case' for private-market investments is through professionally managed target-date funds or other funds that allocate a percentage of defined-contribution money to these complex but potentially more lucrative alternatives. Read: Here's something the rich know about managing investment risk that can help you, too Financial advisers have differing views on the role of private assets in client portfolios. Steven Roge, a certified financial planner in Bohemia, N.Y., says private markets are not for everyone. 'It's for people in the wealth-accumulation phase, say 40 to 50 years old, who have a long time horizon and a high risk tolerance,' Roge says. 'And they have to be sophisticated enough to understand it. We know if they don't understand it, they may not stick with it.' Of the firm's 300 clients, he says that 'only about a dozen' fit the bill for adding private-market assets to their retirement accounts. Even with the expanded investment options that may result from the White House's action, Roge remains a fan of passive strategies for most investors. 'Indexing is how they will win over the long run,' he says. 'But some clients want something that's special and different' as they seek market-beating returns. Given the illiquidity of private assets, Roge anticipates setting expectations for those clients who tend to monitor their portfolio daily — and who engage in frequent trading. 'These private investments may only price four times a year,' Roge says. 'That's not enough action for certain clients who track their portfolio like a hawk.' In his personal portfolio, Roge uses private markets — especially private equity — to diversify his holdings. He says he allocates about 25% to alternative assets. 'It helps me sleep at night knowing my portfolio isn't being pushed around by the volatility of public markets,' he says. Roge adds that he is not concerned about the current high valuations of private-equity funds. 'The valuations [of private-equity funds] are more realistic than the erratic valuations we see in public markets on a daily basis,' he says. Other advisers are more skeptical of the White House executive order. 'It's less being done out of interest for the general public and more for private industry lobbying the [Trump] administration,' says Alex Ruda, an adviser in Silver Spring, Md. The executive order undoubtedly pleases asset managers and private-equity firms. For years, they've wanted to attract retirement savers' money. These savers bear primary responsibility for managing their 401(k) compared with today's older retirees, many of whom receive employer-funded defined-benefit pensions. While some younger savers enjoy picking their investments, others dread it. 'The average American worker isn't equipped to navigate these complex [private-market] investments,' Ruda says. 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GM wows with Corvette, Cadillac concepts at Monterey Car Week
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CARMEL, Calif – GM brought some Detroit muscle to the rarified air of Monterey Car Week — with a twist. While the Corvette nameplate falls under the Chevrolet brand, more and more it stands out on its own. At The Quail event in Carmel Valley, where multi-million dollar Paganis are displayed alongside priceless gullwing Mercedes SL coupes (and the parking lot is a show in and of itself), Corvette showed off two concepts that showed where the sportscar is headed in the future. The CX and its racing-inspired twin the CX-R, evoke supercar looks that go beyond the current 'C8' Corvette. The two concepts feature fighter jet-style interiors, with a trick canopy opening to boot. The twist — the CX is all electric, which is becoming a rarity at the higher end, and the CX-R features hybrid power. The racy CX-R will also be a drivable car in the Gran Turismo 7 racing game on PlayStation. And the response, beyond the oohs and ahhs, was strong for vehicles that aren't going on sale. 'We've had a number of customers that have already said, 'Could we buy one of those vehicles today?,'' said Rory Harvey, EVP and President of Global Markets, from the Quail Event to Yahoo Finance. Harvey, who essentially leads on all GM brands globally, noted that customers were asking to buy a vehicle with no pricing info, and wouldn't even be released. It was a good opportunity though, to collect future client info from buyers who typically own multiple cars. 'Just listening to the customers, the enthusiasts that are on the stage, I mean, the feedback is outstanding,' Harvey said. The UK-born exec noted that Corvette, in his opinion, was already at supercar levels, with competitive lap times at places like the Nurburgring in Germany, and 38% market share in the luxury sports car segment, making it the leader. Harvey's purview extends to Cadillac, where the luxury brand showed off its 'Elevated Velocity' concept, a cross-over style EV SUV meant to evoke the high-desert landscape. The new design language may hint at more curves and swooping design, as opposed to Cadillac's traditional angular features and vertical light bars. Regardless, Cadillac as a brand has been on a winning streak with its combination of traditional gas powered cars like the Escalade and CT5 sedans, and EVs like the Lyriq and Optiq. 'Cadillac now has done 12 consecutive quarters of year-on-year growth, which is absolutely superb. But in quarter two, Cadillac is now the number one luxury brand for EVs. So again, that's really, really strong,' Harvey said. 'We've launched so many new products over the course of the last two years, and that momentum continues to build. So we're looking at, how do we keep our foot on the accelerator pedal and build even further?' Harvey said he wasn't terribly concerned over the upcoming loss of the EV tax credit, because the brand would be able 'flex' into its other gas-powered offerings like the XT crossovers if its EVs were not price competitive. While a nice game plan, it doesn't address the fact the company invested heavily in EVs, and might take a hit to sales. Another challenge is tariffs, where GM took a big hit in the second quarter and stands to feel more pain in the second half of the year. Harvey noted the trade deals in place are mostly preliminary, so when the details come out the company will have a hard look at its manufacturing footprint, product portfolio in terms of territory, and where the company can minimize its tariff exposure. 'We've publicly stated that we believe that we can mitigate approximately 30% of the impact of tariffs; so, we're in a strong position at the moment,' Harvey said of GM's ability to pivot around President Trump's tariff war. Harvey still believes GM is in a great spot regardless of tariffs, and it's because of products like the current Corvette and Cadillac portfolio — cars that are selling well in the marketplace. 'If you looked at just General Motors sales in the US, we are the fastest growing brand, full stop. And if you look to the nearest competitor, they're about half the level of growth that we've got. So customers love our products.' Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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