Geoffrey Smith, Fortune

Geoffrey Smith


London, England, United Kingdom

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Recent articles by Geoffrey:

Mercedes-Benz Parent Daimler Is Getting Ready for the New Mobility Age

Daimler, the German parent company of Mercedes-Benz, is planning its biggest corporate shake-up since it disposed of Chrysler in 2007. → Read More

DEA Whistleblower Blasts Drug Distributors, Congress Over Opioid 'Collusion'

A bill championed by Donald Trump's drug czar pick, Tom Marino, reportedly undermined the Drug Enforcement Agency's opioid crackdown. → Read More

Amazon's Beauty Pageant — CEO Daily, Monday, 16th October

Top News • Flight of the Hawks The world’s central bankers used the fall meeting of the International Monetary Fund to warn that inflation may soon take off around the world. Janet Yellen said her “best guess” was that the recent patch of soft price data would soon end, while the heads of both the ECB and Bank of England also warned that the trend had turned. Earlier Monday, China’s outgoing… → Read More

London's House Prices Are Falling at Their Fastest Rate Since the Financial Crisis

The average price of homes in London have fallen to their lowest rate since 2015. Outside of London, prices are rising. → Read More

Flight 666 to HEL on Friday the 13th Just Arrived for the Last Time

But there are still ways for passengers to tempt fate. → Read More

Why Sheryl Sandberg Is Wrong About Facebook — CEO Daily, Friday, 13th October

Top News • Samsung’s Chip Maestro Exits on a High The CEO of Samsung’s chip business Kwon Oh-hyun announced his retirement, in what analysts said could herald the start of a new wave of upheaval at the top of the electronics giant. It came as the company guided for another new record in profits, driven mostly by Kwon’s booming semiconductor business. A recent report estimated that Samsung will… → Read More

Amazon's 'Unfair' Advantage — CEO Daily, Thursday, 12th October

Top News • A Stroke of the Pen to Start ACA Replacement President Trump is to sign an executive order Thursday directing federal agencies to provide lower-cost options in health insurance and increase competition in individual insurance markets, The Wall Street Journal reported. The move seems aimed at making sure that health care reform doesn’t drop completely off the radar in the wake of… → Read More

Paris Wants to Ban the Combustion Engine by 2030

Paris wants to ban all cars with traditional combustion engines from its streets from 2030. So does Oxford in England. → Read More

Bloomberg says ex-CEO Kalanick had tried to sideline his general counsel

Uber is reportedly facing at least five Justice Department probes - two more than previously thought, according to Bloomberg → Read More

Trudeau, Trump and Trade — CEO Daily, Wednesday, 11th October

Top News • Stocks Hit New High on Catalonia Relief Global stocks hit fresh record highs after Catalonia backed off from its threat to declare independence from Spain. Regional government leader Carles Puigdemont said the region had “deserved” independence but said he would first seek dialogue with the central government. Prime Minister Mariano Rajoy responded by taking an equally symbolic step… → Read More

The Most Important Economic Challenge of Today — CEO Daily, Tuesday, 10th October

Good morning. I had dinner last night at Fortune‘s Most Powerful Women summit in Washington, a gathering of 400 of the most interesting women in business. The topic for the evening was workforce training and development—which I would argue is the most important economic issue facing the country. Fears that trade and immigration are undercutting the middle class are largely misplaced; and fears… → Read More

GE Just Caved and Put One of Nelson Peltz's Colleagues on its Board

General Electric appointed Ed Garden, CIO of Nelson Peltz's Trian Fund Management, to its board. → Read More

Donald Trump's Golf Courses in Scotland Are Losing a Ton of Money

Donald Trump's two golf courses in Scotland saw their losses widen sharply in 2016. → Read More

When 'Learn-It-All' Beats 'Know-It-All' — CEO Daily, Monday, 9th October

Good morning. If you aren’t normally inclined to peruse periodicals featuring feathered models, you may have missed WSJ. magazine’s interview with Microsoft CEO Satya Nadella (accompanied by his predecessor, Bill Gates) this weekend. Nadella is one of the most successful, and most thoughtful, CEOs on the scene today, so it’s worth some attention. A few excerpts: On writing a book mid-career: I… → Read More

This Startup Wants to Make Every Cyclist Feel Like a Superhero

Cambridge, Mass.-based startup Superpedestrian launched its Copenhagen Wheel, capable of turning any normal bike into an e-bike, in Europe → Read More

Stranded in the Middle — CEO Daily, Friday, 6th October

Top News • Jobs Report to Test Market Exuberance The employment report for September is due this morning. It may be harder to parse than usual due to the effect of Hurricanes Harvey and Irma, which devastated two of the U.S.’s four biggest states by GDP. The stock market will need something special to avoid profit-taking after a run of six straight all-time high closes—the longest such run in… → Read More

When Too Many CEOs Spoil the Stew — CEO Daily, Thursday, 5th October

Top News • “You Can Say Goodbye to That” The price of Puerto Rico’s bonds plummeted after President Trump indicated he was open to writing off the Commonwealth’s debt. Trump has no authority to take such action unilaterally, and budget director Mick Mulvaney walked back the comments later, but the intervention clearly adds an extra layer of uncertainty to the court-supervised bankruptcy process… → Read More

Warren Barks up the Wrong Tree — CEO Daily, Wednesday, 4th October

Top News • Antitrust Amazon Takes on EU antitrust authorities concluded that Amazon had received €250 million in illegal tax benefits through to a sweetheart deal with Luxembourg and ordered the Grand Duchy to claw the money back. EU Commissioner Margrethe Vestager said the deal allowed Amazon to avoid tax on three quarters of all the profits it made in the EU. Separately, Vestager… → Read More

Beyond Words — CEO Daily, Tuesday, 3rd October

• Strong Data Drive Stocks to New Records Global stocks hit new highs with the U.S. at the fore. The DJIA, S&P 500, Nasdaq Composite, and Russell 2000 all closed at record highs, after the Institute for Supply Management’s monthly survey of business activity beat expectations, and Goldman Sachs came out with a bullish outlook for the economy. The 2-year Treasury yield hit 1.50% for the first… → Read More

Hostage to Catalonia? No Way, Says the EU

Carles Puigdemont, Catalonia's Prime Minister, wants international mediation to help him create an independent state. No way, says the EU → Read More