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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
NewslettersCEO Daily

Lizzo, Cameron Diaz, and AI

By
Diane Brady
Diane Brady
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Joey Abrams
Joey Abrams
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By
Diane Brady
Diane Brady
and
Joey Abrams
Joey Abrams
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October 15, 2024, 5:27 AM ET
Lizzo on the main stage at Fortune MPW 2024.
Lizzo on the main stage at Fortune MPW 2024.Stuart Isett/Fortune
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Good morning from Laguna Niguel, where we’re about to start day 2 of the Fortune Most Powerful Women Summit. I’ve been especially interested in the conversations about how companies are using AI, from the NBA’s push to create a hyper-personalized fan experience to e.l.f. Beauty’s investment in training its algorithms on social media data so that 90% of its AI responses are now in “e.l.f. language emojis” – with employees making sure the feedback is engaging. I wonder if highlighting AI’s potential more than its perils might draw more women into using it. 

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Here’s a wrap-up of other conversations about investing in women’s sports, creating a career-building personal brand,  and one where Uber teased new gig opportunities. Some thoughts sparked by last night’s dinner speakers: 

  • Talking About Microgeneration – Not the small-scale production of power from renewable resources but generational subgroups like the ‘xennials’ who are now in their early to mid-forties. (That’s somewhere between geriatric millennials and young Gen X, my latchkey cohort that’s rarely showered with peppy adjectives. Humph.) This is the target demo for actress Cameron Diaz’s Avaline organic wine brand. As Diaz and her partner, serial entrepreneur Katherine Power, talked to Emma Hinchliffe about the tech-savvy, nostalgic, brand-loyal xennials, I wondered how innovation will impact how we define future generations. Boomers span 18 years; Gen X lasted 15. Labels have limits. Maybe life-stage matters more. Xennials happen to be in their peak earning years. And Diaz, who took several years off to raise her kids, talked about pulling in her energy to go forward, much like a jellyfish, as she returns to acting with Back in Action, due out in January. That’s a feeling many can relate to when re-entering the workforce.  You can read more here. 
  • Lizzo’s Lost Opportunity – Lizzo got a warm welcome, for good reason. She is a Grammy Award-winning singer-songwriter, philanthropist and entrepreneur whose shapeware brand Yitty embraces the body positivity that’s characterized her career. So it’s unfortunate that she brushed off a question from my colleague Ellie Austin about the high-profile lawsuit filed by three of her backup dancers, alleging sexual harassment and a hostile work environment. The accusations are a source of distress for Lizzo and her fans. She said this wasn’t the time or place to address them. I disagree. While nobody expected her to comment on the specifics of a lawsuit, this was a chance to talk about the team that supports her and her philosophy in leading them. Click here to read more. 

Curious to get your thoughts and feel free to join us today via the livestream. More news below. 

Diane Brady
diane.brady@fortune.com
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TOP NEWS

New Starbucks CEO pivots from deals

Starbucks' new CEO Brian Niccol is apparently shifting the coffee chain away from offering discounts and deals, according to the Wall Street Journal. Niccol apparently wants the company to return to offering premium products, including the assortment of holiday drinks. Fortune

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The billion-dollar Boar's Head meat company is reportedly so tight-lipped that the company's veteran CFO didn't know who the CEO during a deposition given two years ago. Decisions at the billion-dollar company also all have to be approved by three of the company's secretive owners. Fortune

Expert advice for new Nike CEO

Yesterday was Elliott Hill's first day as CEO of Nike, and experts say that he needs to prioritize rolling out innovative new products, bolstering the brand's China business, and improving a damaged employee culture to bring the sports apparel company up to speed with competition. Fortune

AROUND THE WATERCOOLER

AI chatbots need some healthy disagreement to work best together, tech exec says by Paolo Confino

Harris-Trump polls tighten, but PredictIt and Polymarket tell a different story by Sydney Lake

Your corporate board might be the weakest link when it comes to adopting AI by Emma Burleigh

Bernard Arnault’s email address was accidentally leaked by the U.K. government on the eve of its make-or-break investment summit by Prarthana Prakash

Exclusive: Toy brand KiwiCo has surpassed $1 billion in lifetime revenue by Allie Garfinkle

Want to be CEO? Prioritize breadth over depth of skills by Ruth Umoh and Natalie McCormick

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
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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.

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By Joey AbramsAssociate Production Editor

Joey Abrams is the associate production editor at Fortune.

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