Alan Murray
Fortune
New York, NY, United States
Contact Alan
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Recent articles by Alan:
CEO Daily: Friday, 21st July
• To Embarrass One Senior Cabinet Official May be Seen as Unfortunate… The Treasury fined Exxon Mobil $2 million for breaking U.S. sanctions on Russia in 2014. Exxon sued to challenge the fine, saying that Barack Obama’s White House had advised it at the time that its actions had been legal. The development is an embarrassment for Secretary of State Rex Tillerson, who was Exxon’s CEO at the… → Read More
CEO Daily: Thursday, 20th July
• Renewed Confidence in Tech Drives Stocks to New High The Nasdaq Composite and S&P 500 hit new record highs, driven by a renewed surge in optimism for the tech sector. The S&P’s IT sub index is now above its dot-com bubble peak after a ninth straight daily gain. But the optimism goes beyond the tech sector, with the MSCI world stock index also marking its longest winning streak in… → Read More
CEO Daily: Wednesday, 19th July
• We Must Stop Meeting Like This President Donald Trump had a second, previously unacknowledged talk with Russia’s Vladimir Putin on the sidelines of the G20 summit, the White House confirmed. It said no U.S. officials (not even an interpreter) were present, and that the talk, which allegedly lasted nearly an hour, was "casual." No U.S. record of the meeting exists. While the fact of the… → Read More
Four Forces Revolutionizing Marketing
Marketing executives face a world that is radically different than it was just a decade ago. → Read More
CEO Daily: Tuesday, 18th July
• Senate GOP Scraps Health Care Bill Mike Lee of Utah and Jerry Moran of Kansas gave the coup de grace to the Senate’s unloved health care bill. President Trump called on the GOP to repeal the Affordable Care Act immediately and “start from a clean slate,” predicting that the Democratic Party would “join in.” Senate Leader Mitch McConnell now intends to hold a vote in the next few days on the… → Read More
CEO Daily: Monday, 17th July
• Peltz vs. Procter Trian, the hedge fund of activist investor Nelson Peltz, is going after Procter & Gamble. Trian, which holds around $3.3 billion of P&G stock (some 1.5% of the company) aims to launch a campaign for a board seat with the goal of shaking up the staid consumer giant. With a market cap of $222 billion, P&G would be the biggest ever company to be subjected to such a… → Read More
CEO Daily: Friday, 14th July
• The Rise and Rise of Influencer Marketing E-commerce isn’t the only way that the Internet is disrupting the consumer sector. Social media platforms are playing an increasing role in the business of marketing, as companies turn to celebrities (and, indeed, their pets) to tout their products on Instagram, Snapchat, Twitter et al. Such strategies offer a laser focus on targeted groups of… → Read More
U.S., China and the Fight to Be the World's Leading Economic Power
Pew opinion poll on who is the world's leading economic power, China or the U.S. → Read More
CEO Daily: Thursday, 13th July
• Yellen Sends Stocks to New Highs Federal Reserve Chairwoman Janet Yellen told Congress that the U.S. economy is in good enough shape to cope with higher interest rates but said the key Fed Funds rate “would not have to rise all that much further” to reach a neutral level that neither encourages nor discourages economic activity. The dollar hit a six-month low and stocks hit another all-time… → Read More
CEO Daily: Wednesday, 12th July
• “I love it” Donald Trump Jr. released a chain of e-mails that he said backed his view that his meeting with Russian lawyer Natalia Veselnitskaya was no big deal. However, the e-mails also showed his eagerness to get dirt on Hillary Clinton (“I love it”) outweighing any concern at the ultimate source of the information, clearly identified from the start as Russia’s chief prosecutor. They also… → Read More
CEO Daily: Tuesday, 11th July
• Donald Jr.’s Russia Woes Deepen Donald Trump Jr. was warned in advance in an email that the information on Hillary Clinton that was offered to him was part of a Russian government campaign to help his father’s presidency, the New York Times reported. Trump Jr. continued to assert that the meeting was typical of a normal campaign and that nothing of significance came out of it. The author of… → Read More
What is a Corporation Actually For?
What is the purpose of a corporation? To maximise returns for shareholders? or all stakeholders? The answer varies according to country. → Read More
CEO Daily: Monday, 10th July
• Markets Unfazed by Fractious G20 The G20 summit ended with some partial concessions to the U.S. administration over trade protection and energy measures, but the group was unable to gloss over a clear rift with the U.S. over the Paris Climate Accord. The summit avoided any diplomatic disasters big enough to unsettle financial markets, which continue to take their cue this morning from a U.S.… → Read More
CEO Daily: Friday, 7th July
• The Bond Market Waits Nervously for June’s Jobs Report It’s payrolls day. The U.S. is expected to have added 173,000 non-farm jobs last month, after a below-trend 138,000 in May. The risk is arguably skewed to a lower number after yesterday’s ADP private-sector survey came in at the low end of expectations at 158,000. Bond markets have had a rough week against a background of talk of… → Read More
CEO Daily: Thursday, 6th July
• Trump in Poland President Donald Trump arrived in Poland ahead of his visit to the G20 summit in Germany tomorrow. Advance excerpts of his speech suggest he will play up concerns about migration, amid signs that the migrant crisis is bubbling up again in southern Europe. “The fundamental question of our time is whether the West has the will to survive,” Trump will say (according to Reuters).… → Read More
CEO Daily: Wednesday, 5th July
• Korea, Hacking Loom Over Trump-Putin Meeting President Trump will meet Russia’s Vladimir Putin on July 7, on the sidelines of a two-day summit meeting of G-20 leaders. The White House says there is “no specific agenda,” although it can be assumed that the issues of election hacking and North Korean missile testing may get an airing. Putin and Xi Jinping signaled at a meeting of their own… → Read More
CEO Daily: Friday, 30th June
• Walgreens Right-Sizes Rite Aid Deal Stefano Passina scaled back his bid for dominance of the the retail pharmacy market. His Walgreens Boots Alliance abandoned its plan to buy Rite Aid for $9.4 billion, and said it would instead buy some 2,186 stores from it. While he had offered $9.4 billion for the whole company, he’s now paying $5.18 billion for 45% of its chain. WBA shares rose 5% in… → Read More
CEO Daily: Thursday, 29th June
• Bank Bonanzas Beckon After Fed All-Clear The Federal Reserve said the U.S.’s biggest 34 banks all passed the second, ‘qualitative’, part of its annual stress test. The announcement signals an end to the capital hoarding forced on banks by regulators after 2008 and clears the way for a sharp increase in payouts to shareholders through dividends and buybacks. Bank of America announced a 60%… → Read More
CEO Daily: Wednesday, 28th June
• Tweaked WannaCry Virus Wreaks Global Havoc A massive ransomware attack spread like wildfire, crippling businesses from Europe to Australia and the U.S.. The virus appeared to be a modified version of the ‘WannaCry’ bug that struck last month, based on the NSA hacking tool ‘Eternal Blue’ and mimicking WannaCry’s request of a relatively modest ransom demand payable in Bitcoin (the virtual… → Read More
CEO Daily: Tuesday, 27th June
• EU Slaps Google With $2.7 Billion Fine The EU’s antitrust chief Margrethe Vestager slapped a huge 2.42 billion fine on Google for manipulation of its search results to favor its own shopping tool. The decision, which comes after years of investigations, is more than double the amount mooted in Brussels circles over the weekend, and is obviously calculated to send as strong a signal as possible… → Read More