Geoffrey Smith, Fortune

Geoffrey Smith

Fortune

London, England, United Kingdom

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Recent:
  • Fortune
Past:
  • Entrepreneur

Recent articles by Geoffrey:

A Big Russian Bank, a Key Player in Russia’s 2014 Crisis, is Having Problems

There are signs of stress again in the Russian banking system. → Read More

A Crisis of Leadership: CEO Daily, Thursday 17th August

• 40 Under 40 Fortune publishes its 2017 list of young global leaders today. Here, too, it’s been impossible to ignore politics this year, with France’s new President Emmanuel Macron topping the list. But just as much of a mold-breaker is Ireland’s new premier, the 38-year-old Leo Varadkar (our No. 5). Both represent a generational change in a continent whose distinguishing features during the… → Read More

Rolling Back Banking Regulations “Very Dangerous,” Says Fed Vice Chairman

Weakened bank regulations could be "extremely dangerous and extremely short-sighted," says Federal Reserve Vice-Chairman Stanley Fischer. → Read More

CEO Daily: Wednesday, 16th August

• Fed’s Fischer Still Jumps at Shadows Federal Reserve Vice Chairman Stanley Fischer put a dampener on the financial sector’s celebrations of the rollback of post-2008 regulations. The veteran central banker told the Financial Times that it was “very, very dangerous” to call for an easing of the Fed’s regular stress tests, and warned that the risks of the "shadow banking system" of often complex… → Read More

Air Berlin Files for Bankruptcy as Etihad Airways Pulls Financing

Air Berlin, Germany's second-largest airline, has failed for insolvency after its biggest shareholder Etihad refused to inject any more cash → Read More

CEO Daily: Tuesday, 15th August

• Target Peps Up Its Food Business Target announced two more efforts to fix its food business, which at $15 billion a year accounts for 20% of its overall sales. Liz Nordlie will join from General Mills to oversee product design and development, while Mark Kenny will join from Wal-Mart’s deli and bakery division with a mandate to improve Target’s private label brands and prepared foods. The… → Read More

CEO Daily: Monday, 14th August

• GOP Grandees Round on Trump Over Extremism Senior Republicans urged President Trump to condemn without equivocation the violence of far-right groups after the killing of a protester in Charlottesville, Va. this weekend. The White House on Sunday issued a somewhat sharpened version of Trump’s initial condemnation, albeit one that still put far-right actions in the context of violence by “all… → Read More

A Banker Was Arrested After Being Accused of Pushing a Woman Under a Bus While Jogging In London

London police have arrested Eric Bellquist, a 50-year-old U.S. banker on suspicion of pushing a woman under a bus while he was jogging. → Read More

CEO Daily: Friday, 11th August

• Benchmark Piles the Pressure on Uber Benchmark Capital, one of Uber’s earliest investors and a prime mover behind the ouster of CEO Travis Kalanick, has sued to eject him from the board. Benchmark alleges Kalanick defrauded directors by concealing the company’s corporate governance problems from them as he moved to expand the board from 8 seats to 11 last year. That move cemented management… → Read More

CEO Daily: Thursday, 10th August

• Charter’s French Connection The plot around Charter Communications thickens. Altice, the company of French billionaire Patrick Drahi, is reported to be preparing a bid for the U.S.’s number 2 cable company. Charter has already turned its nose up at combining with Verizon and Softbank this year. To end up in bed with the company it beat in a competition for Time Warner Cable last year would be… → Read More

U.K.'s Karen Bradley Throws Another Wrench in Murdoch Plan to Buy Sky

Rupert Murdoch's bid for control of Sky Plc is meeting with fresh resistance from UK lawmakers after Fox was named in a "Fake News' lawsuit → Read More

CEO Daily: Wednesday, 9th August

• Wojcicki Defends Damore Firing YouTube CEO Susan Wojcicki, in a column for Fortune, defended Google’s decision to fire James Damore over the memo he wrote attributing female under-representation in certain functions to biological factors. “What if the memo said that biological differences amongst Black, Hispanic, or LGBTQ employees explained their underrepresentation in tech and leadership… → Read More

CEO Daily: Tuesday, 8th August

• The Only Valuable Brand is a Tech Brand Amazon is now one of the world’s five most valuable brands, according to this year’s Brandz100 list (put together by WPP’s Kantar Millward Brown). The key to its rise? Winning consumer trust through convenience and efficiency, according to the compilers. The Brandz top 5 is an exclusive club for tech stocks. Google comes top, followed by Apple,… → Read More

CEO Daily: Monday, 7th August

• Memo Inflames Gender Debate at Google Google was embroiled in a heated debate over gender bias after a 10-page memo from a senior engineer accused the company of creating an “ideological echo chamber” informed by left-wing bias, conscious and unconscious. The author admitted to bias of his own, but that failed to protect him from a furious response by employees on social media. Google’s new… → Read More

Softbank CEO Says He’s Looking at Investing in Both Lyft and Uber

SoftBank Group CEO Masayoshi Son says he's interested in investing in both Uber Technologies and Lyft but hasn't made a decision yet. → Read More

CEO Daily: Friday, 4th August

• Mueller Ramps up Investigation Special Counsel Robert Mueller has asked for a grand jury to be impaneled to help his investigation into alleged links between the Trump election campaign, The Wall Street Journal reported. It cited legal experts as saying the move was evidence of a “long-term, large-scale series of prosecutions being contemplated.” The WSJ also noted that Greg Andres, formerly… → Read More

The U.K. Doesn’t Want a Steven Cohen-Run Hedge Fund in London

The UK Financial Conduct Authority has indicated it won't approve any effort by Steven Cohen to set up a hedge fund in London. → Read More

Qatar Airways Is Ditching Its Plans to Buy a Stake in American Airlines

Qatar Airways has changed its mind and no longer wants to buy a stake in American Airlines. → Read More

CEO Daily: Thursday, 3rd August

• Trump Signs Sanctions Bill; Russia Pouts, EU Smirks President Donald Trump signed into law the bill expanding sanctions on Russia, North Korea and Iran, but took the unorthodox step of panning it for crimping his executive power. Russia’s Prime Minister Dmitry Medvedev called the move a declaration of “full-scale trade war,” but any fears that it would immediately hit Russian energy exports… → Read More

CEO Daily: Wednesday, 2nd August

• If We Can’t Keep You Out, At Least Let Us In The Trump administration is preparing its first major trade action against China, according to multiple reports. The planned measures focus on China’s intellectual property practices, which force companies to share their IP with a local partner in return for access to the Chinese market. It’s a shift in emphasis for the administration after an… → Read More