Apple WWDC: Here are the changes to expect
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Yahoo
16 minutes ago
- Yahoo
Billionaire Epic CEO Judy Faulkner built her $5.7 billion-a-year software firm in a basement. She says not getting an MBA was a ‘really good thing'
As Gen Z questions the values of degrees, Epic's billionaire CEO Judy Faulkner has never been a fan of MBAs—and built a $5.7 billion-a-year software giant without one. Unlike Apple CEO Tim Cook or General Motors CEO Mary Barra who attended business school, the 82-year-old charted her own path, including establishing 10 business 'commandments' like a directive to never IPO or sell. With recent graduates struggling to land jobs and the best business schools charging in excess of $150,000 for a degree, it's left Gen Z's aspiring business leaders questioning more than ever the value of going back to school. For Epic Systems CEO Judy Faulkner, whose software powers many of the U.S.'s top hospitals, the answer is simple: a graduate business degree may have done more harm than good. 'I never got an MBA, which I think is a really good thing,' Faulkner recently told CNBC. 'They would have taught me, 'Here's how you do venture capital.' We didn't do it. 'Here's how you go public.' We didn't do it. 'Here's how you do budgets.' We don't have budgets. We say, if you need it, buy it. If you don't need it, don't buy it.' While the 82-year-old's leadership style may sound unconventional, it has worked wonders for her business that she first started in her Wisconsin basement in 1979. Epic now rakes in an estimated $5.7 billion in annual revenue and has propelled Faulkner's net worth to over $7.8 billion. Her secret to learning the ropes of business management still included reading books and taking multiday courses, but she's just never a blind follower. In fact, Faulkner even established her own set of principles, known as Epic's 10 commandments, that are plastered all over the company's sprawling 1,670-acre campus. They include 'do not go public,' 'do not acquire or be acquired,' and 'software must work.' CEOs are divided on the value of business school While demand for business school is on the rise—a trend often seen in conjunction with economic uncertainty—business leaders have long placed their doubts on whether the skills taught in the classroom are worth it. In fact, the richest person in the world, billionaire Elon Musk, has said that there are too many business school graduates running corporate America. 'I think there may be too many MBAs running companies,' Musk previously told the Wall Street Journal. 'There's the MBA-ization of America, which I think is maybe not that great. There should be more focus on the product or service itself, less time on board meetings, less time on financials.' And he's not alone. Billionaire and former Shark Tank star Mark Cuban has called getting an MBA 'overrated.' PayPal cofounder Peter Thiel said he doesn't like hiring MBA graduates due to them mostly being 'high extrovert/low conviction people.' However, if you're eager to follow in the footsteps of top business leaders the likes of Apple CEO Tim Cook, General Motors CEO Mary Barra, and JPMorgan Chase CEO Jamie Dimon, business school might be in your future. After all, over 40% of all Fortune 1000 chief executives have obtained an MBA. Ultimately, the choice to attend a program comes down to one's own personal goals. Barra said her experience at Stanford's Graduate School of Business helped her cultivate an everlasting 'learning mindset.' 'My experiences on campus changed my life and accelerated my career. They prepared me to manage and, ultimately, to lead,' she said in 2024. This story was originally featured on 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
Business Insider
35 minutes ago
- Business Insider
Trump Trade: Lutnick says Intel must give stake to government
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump with this daily recap compiled by The Fly: Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. INTEL STAKE: Commerce Secretary Howard Lutnick said that in return for CHIPS Act funds, Intel (INTC) must give the U.S. government an equity stake. The comments were made while Lutnick was being interviewed on CNBC's 'Squawk on the Street.' BOND SPREE: President Donald Trump has bought hundreds of bonds since he returned to office, including those sold by U.S. companies affected by federal policy changes he's championed, Bloomberg reports. The bonds, which total at least $103.7M, include municipal bonds and corporate debt from companies such as Qualcomm (QCOM), Home Depot (HD), and Meta Platforms (META), according to the report, which adds that the investments are part of Trump's continued pursuit of wealth accumulation while in office. TARIFF REVENUE TO OFFSET OBBB: S&P Global on Tuesday said it expects tariff-related revenue for the federal government to offset the impact of Trump's 'One Big Beautiful Bill,' leading the agency to leave the U.S.′ credit rating unchanged. MUSK PUMPS BRAKES ON THIRD PARTY PLANS: Tesla (TSLA) CEO Elon Musk is quietly pumping the brakes on plans to start a third political party, the America Party, with a desire to focus on his companies, The Wall Street Journal's Brian Schwartz reports. Musk is wary of alienating Republicans and wants to maintain ties with Vice President JD Vance, a potential 2028 presidential candidate, according to people with knowledge of his plans. The Tesla CEO's team canceled a meeting with a third-party campaign-organizing group, according to the report.
Engadget
37 minutes ago
- Engadget
Apple just dropped a security update for all its platforms
With iOS 26 coming within the next month or so, Apple doesn't have many reasons left to update iOS 18. But this is one of them. The company pushed a security update for its platforms on Wednesday. iOS 18.6.2 patches a vulnerability related to image processing. Apple's security notes say the update plugs a hole related to Image I/O. (That's a development framework for reading and writing image data.) "Processing a malicious image file may result in memory corruption," the company wrote. Apple said the vulnerability may have been exploited in "an extremely sophisticated attack against specific targeted individuals." The ecosystem-wide update encompasses iOS 18.6.2, iPadOS 18.6.2 and macOS Sequoia 15.6.1. There are also equivalent updates for iPads and Macs stuck on older firmware versions. It can't hurt to update your device as soon as you get the chance. Head to Settings > General > Software Update, and fire away.
