Geoffrey Smith, Fortune

Geoffrey Smith


United Kingdom

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Recent articles by Geoffrey:

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

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

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

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

How to Succeed in China — CEO Daily, Wednesday 6th December

Top News • The Silence Breakers Our sister publication Time honored those women who have done most to expose the issue of sexual harassment in its 2017 Person of the Year awards. President Donald Trump placed second. The breadth of the problem means that no single person can claim the honor exclusively. Time zeroes in on the work of Harvey Weinstein victim Ashley Judd, Visa lobbyist Adama Iwu,… → Read More

Sleepy's Owner Steinhoff Shares Tank After It Flags a Suspected Accounting Fraud

Shares in Steinhoff International lost more than half their value as CEO Markus Jooste resigned and it delayed publishing its 2016 results. → Read More

China's Innovative Strength — CEO Daily, Tuesday 5th December

Good morning, Can China innovate? I’ve explored that question in previous posts, but this morning I’m doing it after a day spent listening to presentations from 15 of the most promising startups in China, brought together for the first-ever Fortune Brainstorm Tech International, in Guangzhou. Jay Walker, serial entrepreneur and founder of, started the day by highlighting the forces… → Read More

A Transformative Deal in Health — CEO Daily, Monday 4th December

Top News • Fox—Disney Deal Is Back On Walt Disney resumed talks with 21st Century Fox over the purchase of Fox’s movie studio and other assets with the notable exception of the Fox broadcast network. Included in the package, according to reports, is Fox’s stake in U.K.-based Sky Plc. It’s not clear whether Disney would go ahead with Fox’s plans to buy the remaining 61% of Sky, which are… → Read More

Feedback Friday: Tax Special — CEO Daily, Friday 1st December

Top News • Stocks Shudder as Tax Bill Hits Late Hurdle Stocks fell sharply after the Senate’s tax bill ran into an eleventh-hour hurdle. The Joint Committee on Taxation ruled that the plan’s growth projections were too optimistic. Meanwhile, the outgoing NY Fed President Bill Dudley warned that the economy didn’t need a fiscal stimulus right now. Dudley is one of a number of officials who will… → Read More

Volkswagen Is Going to Start Making Electric Cars in the U.S.

Volkswagen will likely start making electric vehicles in the U.S. by 2023, according to plan unveiled Thursday. → Read More

Decision Day Nears — CEO Daily, Thursday 30th November

Good morning, The U.S. Senate is moving toward a decisive vote on its tax bill Friday. And while the outcome remains unclear, the momentum looks hard to stop. A number of CEO Daily readers have taken me to task for being too generous to the GOP tax effort. Their view, stripped of expletives, boils down to this: 1) corporations don’t need a tax cut; 2) the individual tax provisions ultimately… → Read More

The Challenge of Our Times — CEO Daily, Wednesday 29th November

Good morning, Here’s a big number to chew on: between 400 million and 800 million workers around the world could be displaced by automation by 2030. That is the finding of a multi-year research project by the McKinsey Global Institute, which has done the best work of anyone I know on this topic. Its report is being released this morning, here. In the U.S., the displacement could involve up to… → Read More

The GOP's High-Wire Act — CEO Daily, Tuesday 28th November

Top News • Softbank Puts a Heavy Price on Uber Scandals The Softbank-led consortium that intends to invest up to $10 billion in Uber is making clear what it thinks of the scandals that keep coming to light (Waymo alleged yesterday Uber had withheld evidence in their looming court case, while a pilot service in Israel was hit with an injunction). Its first offer to exiting shareholders reportedly… → Read More