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FortuneFortune

Fortune May 2019

FORTUNE covers the entire field of business, including specific companies and business trends, tech innovation prominent business leaders, and new ideas shaping the global marketplace. FORTUNE is particularly well known for its exceptionally reliable annual rankings of companies. FORTUNE furthers understanding of the economy, provides implementable business strategy, and gives you the practical knowledge you need to maximize your own success.

Land:
United States
Taal:
English
Uitgever:
Meredith Corporation
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14 Edities

IN DEZE EDITIE

access_time3 min.
hope and courage move the world

THERE IS SOMETHING remarkably powerful about listening. Those who know Melinda Gates well—and even some of those who have met her just once—remark at how good she is at this skill. Geeta Rao Gupta, a former staffer for the Bill & Melinda Gates Foundation, who is now at the United Nations Foundation, vividly remembers the first time she met with Gates in her office, way back in 2010: “She was literally leaning in, listening very attentively, not interrupting, but acknowledging that she had heard. You know how sometimes people just have a blank face and you don’t know whether you’re being heard?” It was wholly different with Melinda, Rao Gupta says. “She acknowledges, she nods, she listens—and without interrupting, she asks really astute questions.” I thought about that description a lot…

access_time4 min.
disney’s latest blockbuster isn’t in theaters

MEDIA ON THE MID-APRIL DAY that Disney hosted a show-of-force presentation for investment analysts, the entertainment giant converted its cavernous Soundstage 2 in Burbank, Calif., where Mary Poppins and Pirates of the Caribbean came to life, into an auditorium for knowledge workers. Wall Street types sat rapt as Disney opened with a video splicing its decades-old film and TV library with that of 21st Century Fox, recently acquired for $71 billion. The key dramatic moment: a shot from the stunning rock climbing documentary Free Solo—from formerly Fox-owned National Geographic—with the heroic Alex Honnold perched untethered on the rock face, another climber intoning: “There’s incremental advances that happen in all kinds of things. But every once in a while, there’s just this iconic leap.” Subtle, it wasn’t. Disney is taking a meticulously planned…

access_time1 min.
analytics: global carbon emissions increased in 2019

GLOBAL CARBON DIOXIDE EMISSIONS INCREASED IN 2018 Despite increased calls to reduce global emissions in light of climate change, energy-related carbon dioxide emissions worldwide went up by 1.7% last year, hitting a record high, according to the International Energy Agency. It’s the largest rate of growth seen since 2013. While emissions declined in Europe, they were up in big economies like the U.S., China, and India. Coal, especially in Asia, played a significant role in the increase. At the same time, it’s worth noting that according to 2017 data, the U.S. still produces twice as much carbon dioxide per capita as China and nearly nine times as much as India, highlighting the increased environmental impact of a higher standard of living. All of this means the Paris climate agreement’s goal of…

access_time2 min.
making green

WEED THE LEGAL MARIJUANA INDUSTRY is making billions of dollars in sales and raising hundreds of millions of dollars in tax revenue for states. But how’s it working out financially for people who work for companies that deal in cannabis? Pretty well, it turns out. The trade publication Marijuana Business Magazine compiled a salary study and found that average industry salaries are rising steadily. Researchers looked at data from a number of staffing sites and job boards and found that cannabis-themed salaries grew more than 16% between August 2017 and August 2018. And the number of six-figure positions is on the rise, potentially luring people with more advanced degrees, which could continue to fuel the salary escalation. That said, cannabis compensation isn’t always competitive with pay in other, straighter industries. Fortune took a closer…

access_time2 min.
can best buy keep winning?

RETAIL BEST BUY’S best guy is stepping down. Frenchman Hubert Joly, who has overseen a remarkable transformation at the electronics retailer, will be succeeded by its chief financial officer Corie Barry on June 11. A 20-year veteran of Best Buy, Barry has been an instrumental part of the executive team that has helped Joly pull off one of the most dramatic reinventions of a major retailer, ever. Joly will stay on as executive chairman and advise Barry on matters of strategy. Joly took a company posting quarter after quarter of sales declines and carved out a new place for Best Buy in shoppers’ routines. He pushed the retailer to add many services, giving customers a reason to come to stores, and, in a show of pragmatism, teamed up with brands, most notably Amazon,…

access_time2 min.
when plus is a minus

BRANDING TWO PLUS ONE EQUALS THREE. In the span of that many weeks, consumers were introduced to a trio of subscription services promising to add to their lives: Apple News+ and Apple TV+, plus one from Disney, aptly titled—Disney+. (See our article on page 13.) They’ll complement a growing roster of arithmetic-branded media services, joining Disney-owned ESPN+ and following in the footsteps of the original “plus” brand in tech, Google+. Things didn’t work out so well for the latter. The Internet giant shut down the social network in April after seven years. And while Google+ ultimately failed because of competition with Facebook and a massive privacy breach, its name didn’t do much to encourage engagement in the first place, branding experts say. “That’s the biggest problem with [this type of name],” says Laurel…

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