Geoffrey Smith, Fortune

Geoffrey Smith

Fortune

United Kingdom

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Recent:
  • Unknown
Past:
  • Fortune
  • Entrepreneur
  • Wall Street Journal

Past articles by Geoffrey:

Apple's Grand Designs — CEO Daily, Friday 22nd December

Top News • In The Beginning Was a Misjudged Word… John Schnatter, the founder of Papa John’s, said he’ll step down as CEO. The move comes less than two months after Schnatter complained about the impact of the NFL anthem protests on his business. The complaint was, to all appearances, entirely grounded in fact. But airing it without any reference to the broader concerns exposed Schnatter to… → Read More

Count (and Distribute) Your Winnings — CEO Daily, Thursday 21st December

Top News • How High Can Bitcoin Go in 2018? The question on a lot of people’s lips finds an exhaustive answer in Robert Hackett and Jen Wieczner’s feature from our January edition, which we’re publishing online today. The answer largely lies in the factor that distinguishes this from all other bubbles: Bitcoin is the first truly global mania. The supply of gullible and greedy people willing to… → Read More

Fortune's 32 Blue-Ribbon Companies — CEO Daily, Wednesday 20th December

Top News • Defeat for Uber in EU’s Top Court Europe’s top court ruled that Uber should be regulated as a transportation company rather than a technology company (you can find the full text of the ruling here and the press summary here). Uber has already started to retreat from its ‘we are a technology company’ strategy that it used to avoid regulation in the past, but the precedent still crimps… → Read More

Europe's Top Court Just Blew a Big Hole in Uber's Business Model

The European Union's top court ruled that Uber should be regulated as a transport company rather than a technology company. → Read More

The GOP's Obamacare — CEO Daily, Tuesday 19th December

Good morning. Stock markets around the world continue to celebrate the imminent passage of the tax bill, which is likely to be approved in the House today and in the Senate by mid-week. The bill cuts the corporate tax rate from 35% to 21% percent; trims the top individual rate from 39.6% to 37%; cuts the top tax rate on “pass through” entities from 39.6% to 29.6%; nearly doubles the standard… → Read More

The EU's Brexit Negotiator Is Practicing His Grinch Routine

Michel Barnier, the EU's chief Brexit negotiator, said the UK's financial services industry can't expect a sweet deal under Brexit. → Read More

Best of 2017 in Business — CEO Daily, Monday 18th December

Top News • P&G’s Pyrrhic Victory Procter & Gamble finally appointed Nelson Peltz to its board, even though the final count in their proxy battle showed the activist investor had fallen short of victory. Peltz appears to have dropped some of his bolder ambitions in return for his new leverage: P&G said they had agreed the company won’t borrow heavily, cut R&D spending or move the… → Read More

Fossil Fuel Foes: Adani Cancels $1.5 Billion Australian Mine Contract After Failing to Secure Funding

The Indian group will build Carmichael mine itself after failing to secure the funding. → Read More

Wanted: New Antitrust Paradigm — CEO Daily, Friday 15th December

Top News • Elliott Goes After Hess Paul Singer’s Elliott Management has a new target. It has accumulated a 6.7% stake in Hess Corp., with a view to either removing CEO John B. Hess or getting him to sell all or part of the company. Hess’s stock has decoupled from crude prices this year, falling amid concerns that heavy investment needs will eat into the cash flow of a company that has… → Read More

Farewell, Net Neutrality — CEO Daily, Thursday 14th December

Good morning, The Federal Communications Commission is due to vote today on scrapping the ‘Net Neutrality’ regulations approved in 2015 under President Barack Obama. Barring some unforeseen drama, the Commission will vote 3-2 along party lines, and the efforts of Tom Wheeler to regulate the infrastructure of the Internet more like a utility will pass into history. There’s been no shortage of… → Read More

Guess What? Vladimir Putin Is a Pro-Choice Champion

Russian President Vladimir Putin came down on the side of a woman's right to choose in an increasingly loud debate in Russia over abortion. → Read More

Janet's Parting Shot — CEO Daily, Wednesday 13th December

Good morning, The Federal Reserve is all-but certain to raise the target for its key Fed Funds interest rate later today, in Janet Yellen’s last meeting as chair of the central bank. That will take the target to 1.25% to 1.50%, a range that, for all of the disinflationary factors marauding across the global economy, still looks low for a country that is in the eighth year of an expansion, is… → Read More

Voodoo Economics at the Treasury — CEO Daily, Tuesday 12th December

Good morning, Regular readers of this newsletter know I am sympathetic to the GOP tax bill, because it makes needed fixes to the corporate tax system. But there is little good to say about the long-awaited “analysis” of that plan issued yesterday by the Treasury Department. The analysis said the tax cuts would more than pay for themselves. Sort of. Actually, it said that if annual GDP growth… → Read More

A Russian Hacker Confessed to Hacking the DNC During the Election Campaign

A Russian hacker has confessed in court to being hired by the FSB to hack into the Democratic National Congress computer systems last year. → Read More

Voodoo Economics at the Treasury — CEO Daily, Tuesday 12th December

Top News • Workplace Harassment With a Difference United Airlines CEO Oscar Munoz endorsed the Association of Flight Attendants’ campaign for a “zero tolerance” policy towards sexual harassment. Munoz’ letter to staff followed an op-ed in the Washington Post by the AFA’s president Sara Nelson who argued that harassment by passengers is still routine. Munoz’ initiative takes what has been in… → Read More

China, One More Time... — CEO Daily, Monday 11th December

Top News • Hospitals’ Turn to Seek Scale Two of the U.S.’s biggest hospital operators are in talks to merge, according to The Wall Street Journal. Ascension and Providence St. Joseph, both non-profit organizations, would become the country’s biggest hospital operator if they complete their deal, with 191 hospitals and annual revenue of over $44 billion. The talks are consistent with a broader… → Read More

Fortune Global Forum Redux— CEO Daily, Friday 8th December

Good morning. The Fortune Global Forum wrapped up this morning in Guangzhou. You can read full coverage of the last four days here. I leave China with two big takeaways: First, there is remarkable cutting-edge innovation happening here, and Western businesses ignore it at their peril. Whether it’s Alibaba Chairman Jack Ma’s $15 billion investment in R&D, Tencent CEO Pony Ma’s commitment to… → Read More

Best Practice Is a Two-Way Street — CEO Daily, Thursday 7th December

Top News • VW Manager Gets Seven Years for Diesel Fraud Oliver Schmidt became the first person to be jailed for his role in the Volkswagen diesel scandal. The former general manager of the company’s engineering and environmental office in Auburn Hills, Michigan was sentenced to seven years after pleading guilty to charges of conspiracy and violating the Clean Air Act. Judge Ben Singer made clear… → Read More

China's Tech Sector Has Left Its Copycat Phase Far Behind It

Senior executives from Cisco Systems, GE and Yahoo discussed the future of innovation in China. → Read More

Why HSBC CEO Stuart Gulliver Isn't Afraid of Fintech

Banks will stay at the top of the food chain—if they move fast enough, he says. → Read More