• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
NewslettersCEO Daily

Creating economic engines in polarised times

By
Diane Brady
Diane Brady
and
Joey Abrams
Joey Abrams
Down Arrow Button Icon
By
Diane Brady
Diane Brady
and
Joey Abrams
Joey Abrams
Down Arrow Button Icon
October 8, 2024, 4:50 AM ET
Portrait of Shelia Johnson on gray seamless background.
Sheila Johnson, BET cofounder and CEO of Salamander Hotels and Resorts.Simon & Schuster

Good morning,

Recommended Video

Walking around the Salamander Middleburg, where we’re wrapping up the Fortune COO Summit today, I’ve been struck by how founder and CEO Sheila Johnson integrates art that celebrates Black culture with the kind of colonial-era pastoral scenes that are typical for an area that dubs itself the “Nation’s Horse & Hunt Capital.” The hotel TV channel features footage from the resort’s annual “family reunion” food festival, which celebrates Black culture through cuisine and is hosted by James Beard Award-winning chef Kwame Onwuachi.  

It’s easy to forget that one of the country’s top resorts, a “Martha Stewart-meets-Martha-Washington” gem that’s the 340-acre centerpiece of Johnson’s expanding Salamander Collection, took about a decade to open amid local resistance that was tinged with bigotry.  As the entrepreneur and BET cofounder told me during a fireside chat yesterday, she got into the hotel business to “create an economic engine to support this town,” much like the lack of women owners in sports encouraged her to invest in three sports teams. 

I thought about Johnson while reading that Toyota is narrowing its DEI focus and halting sponsorship of LGBTQ+ events because of a “highly politicized” environment—joining Harley-Davidson and others who have done the same.

While there’s been plenty of attention to AI in this summit, most of the discussions have so far centered on people: reimagining teams, incentivizing people, ethical considerations and personal growth as a leader. My colleague Paolo Confino has covered how D.C. United President Danita Johnson wants to diversify the fan base for Major League Soccer, New Balance COO Dave Wheeler’s  thoughts on be a role model and the persistence of jobs that Bayer’s global pharmaceuticals COO Sebastian Guth says “require human capacity and the art of science.” 

As trolls try to undermine the business case for diversity, leaders increasingly recognize the power of embracing and expressing their own values. If you look at Fortune’s recent list of global leaders who happen to be openly LGBTQ+, you’ll see a lot of leaders who create a culture of acceptance in their companies by sharing who they are. That’s certainly the model that Sheila Johnson has nurtured through her leadership in this chapter of her storied career. 

How to lead in this environment is a challenge that we will discuss at the Fortune Impact Initiative, which kicks off this morning in Atlanta. A volatile external climate can’t destroy bonds built on candor and trust. More news below. 

Diane Brady
diane.brady@fortune.com
Follow on LinkedIn

TOP NEWS

Goldman increases S&P target

Goldman Sachs analysts announced last week that that they believe the S&P 500 will grow 10% over the next year. That's up from their previous estimate and based on a prediction that earnings and profit margins in the index will rise. Fortune  

Activist investor holds $1 billion in Pfizer

Starboard Value, an activist investor in Pfizer, now holds $1 billion in stock in the pharmaceutical company, according to The Wall Street Journal. This likely signals further rebuild changes are on the way for Pfizer, which has seen its market cap decrease as demand for COVID-19 products fall. Fortune

The Fortune 2024 Most Powerful Women Asia list

Fortune published the 2024 Most Powerful Women Asia list yesterday, which ranked Grace Wang, the cofounder and CEO of Luxshare Precision Industry, at No. 1. Half of the 100 women on the list are CEOs, including nine of the ten top-ranked executives. Fortune

AROUND THE WATERCOOLER

Women in Asia are slowly starting to break through historic barriers to the top of the corporate world by Clay Chandler

Wall Street stumbles as investors question Fed rate cuts by Brooke Seipel

First Black president of an MLS team talks sustaining growth amid $775 million valuation and record attendance numbers by Paolo Confino

The economy is headed for a soft landing—but investors should still reduce risk, JPMorgan strategy chief says by Will Daniel

No, Geico is not canceling mass coverage on the Cybertruck, despite what you might have read by Chris Morris

Local investors will get to take part in China’s post-stimulus share surge when markets reopen Tuesday by Lionel Lim

This edition of CEO Daily was curated by Joey Abrams.

This is the web version of CEO Daily, a newsletter of must-read global insights from CEOs and industry leaders. Sign up to get it delivered free to your inbox.
About the Authors
Diane Brady
By Diane BradyExecutive Editorial Director
LinkedIn icon

Diane Brady writes about the issues and leaders impacting the global business landscape. In addition to writing Fortune’s CEO Daily newsletter, she co-hosts the Leadership Next podcast, interviews newsmakers on stage at events worldwide and oversees the Fortune CEO Initiative. She previously worked at Forbes, McKinsey, Bloomberg Businessweek, the Wall Street Journal, and Maclean's. Her book Fraternity was named one of Amazon’s best books of 2012, and she also co-wrote Connecting the Dots with former Cisco CEO John Chambers.

See full bioRight Arrow Button Icon
By Joey AbramsAssociate Production Editor

Joey Abrams is the associate production editor at Fortune.

See full bioRight Arrow Button Icon

Latest in Newsletters

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Newsletters

Trump speaking into a mic.
NewslettersEye on AI
Should Americans get an equity stake in AI? Trump and progressive Democrats float public ownership of AI
By Beatrice NolanJune 9, 2026
13 hours ago
Meet the Walmart exec who runs a $96 billion business that would sit between Tesla and Target on the Fortune 500
NewslettersMPW Daily
Meet the Walmart exec who runs a $96 billion business that would sit between Tesla and Target on the Fortune 500
By Emma HinchliffeJune 9, 2026
17 hours ago
Exclusive: The startup that’s dressing up crypto for Wall Street raises $175 million in a round led by a16z crypto, Paradigm, and Ribbit Capital
NewslettersTerm Sheet
Exclusive: The startup that’s dressing up crypto for Wall Street raises $175 million in a round led by a16z crypto, Paradigm, and Ribbit Capital
By Ben WeissJune 9, 2026
20 hours ago
Boris Cherny, head of Claude Code at Anthropic and Fortune's AI Editor Jeremy Kahn on June 8, 2026 at the Fortune Brainstorm Tech conference in Aspen.
NewslettersCFO Daily
The man behind Claude Code says you’re comparing AI costs to the wrong thing
By Sheryl EstradaJune 9, 2026
21 hours ago
SpaceX IPO means more to the Gulf than you might expect
NewslettersFortune Gulf Brief
SpaceX IPO means more to the Gulf than you might expect
By Melissa HancockJune 9, 2026
21 hours ago
Brian Schimpf, co-founder and CEO of Anduril Industries, speaking at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
NewslettersFortune Tech
The future of armed conflict, according to Anduril
By Andrew NuscaJune 9, 2026
21 hours ago

Most Popular

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
1 day ago
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
Economy
'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032
By Nick LichtenbergJune 9, 2026
15 hours ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
2 days ago
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
Environment
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
By Sasha RogelbergJune 8, 2026
1 day ago
Current price of oil as of June 8, 2026
Personal Finance
Current price of oil as of June 8, 2026
By Joseph HostetlerJune 8, 2026
2 days ago
Current price of oil as of June 9, 2026
Personal Finance
Current price of oil as of June 9, 2026
By Joseph HostetlerJune 9, 2026
19 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.