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If you want your business to truly create value through AI, you need to start with your people. Vaughn replaced 80% of the mid-cap software company's employees during its transition to AI, en route to dramatically improving every part of its operations. He says there's one thing that's essential to success, and that's “a person who believes in how existential it is. That's the difference.” Sonita LonteauDirector of Sunrun and TrueBlue. Sway Ventures Advisor. Former HP Technology Executive Rother agreed, saying, “We ended up spending 90 percent of our time on HR topics, from change management to upskilling to change…
Editor's note: Glenn Hopper, a regular contributor to the FATE eNewsletter, is one of the nation's top experts on the intersection of finance and technology (check out Glenn's articles) deep finance dispatch). He will be hosting our upcoming events AI in Finance Forum on November 12th the night before Financial Accounting Technology Exhibition (New York). Why not join us > If you lead a financial industry, you're going to get whiplash. Get more magical AI demos right in your inbox. Your team is addicted to the “quick fix” of AI. The audit partner asked how they manage prompts. Somewhere between…
The tragic assassination of UnitedHealthcare's CEO highlights how boards need to expand their view of executive protection. With 93% of executives' home addresses available online, the risks go far beyond a cyber breach, with digital breadcrumbs potentially leading to identity theft, stalking, harassment, and even targeted violence. Join the Corporate Board Member Network for a timely briefing with Matt Polak, human intelligence expert and CEO of VanishID, to learn how open source intelligence is being exploited by threat actors, why traditional security measures are often insufficient, and what boards need to know to protect executives and their families in today's…
Who plays perhaps the most important role in the C-suite? Research often mentions the CFO. But great CFOs aren't isolated in the financial world, says Razak Jallow, head of finance at Los Angeles-based FloQast. Mr. Jarreau previously held finance positions at Adobe Systems, Apple, and Google. In his four years at FloQast, he took the company to new heights, including last year's Series E funding round that valued FloQast at $1.6 billion. He spoke with CFO Leadership about what it takes to be a successful CFO, how to interact with an organization's CEO, and why great financial leaders think beyond…
When Nokia Bell Labs announced that it would move its research and development operations to a vast new innovation center in New Brunswick, New Jersey in 2023, the global technology company was looking to the future. “Ultimately, we aim to be a facility for the next 100 years of Nokia Bell Labs,” said Nishant Batra, Nokia's chief strategic and technology officer. It helped that the project was approved under a major tax credit program called Aspire, created under New Jersey's Economic Recovery Act of 2020. As a result, Nokia could receive up to $103.9 million in tax credits. But Nokia…
A typical offsite strategy begins with an icebreaker. A brainstorming session then takes place and everyone's ideas about what the company should work on are recorded. Ideas come to you, you use colored stickers to “vote” for your favorites, and within hours a list is created. While this process is quick and allows everyone to have a say, it is not the most effective way to define strategic medium-term priorities, nor is it a process for arriving at a truly robust list for growth. Strategy and top priorities are not something to be made into a game. The strategy process…
The tragic assassination of UnitedHealthcare's CEO highlights how boards need to expand their view of executive protection. With 93% of executives' home addresses available online, the risks go far beyond a cyber breach, with digital breadcrumbs potentially leading to identity theft, stalking, harassment, and even targeted violence. Join the Corporate Board Member Network for a timely briefing with Matt Polak, human intelligence expert and CEO of VanishID, to learn how open source intelligence is being exploited by threat actors, why traditional security measures are often insufficient, and what boards need to know to protect executives and their families in today's…
As we guided GE through a multi-year strategic transformation into three distinct companies in the health care, energy, and aerospace industries, the board worked to navigate it all and ultimately create significant value for shareholders. GE Aerospace, GE Vernova, and GE Healthcare now have a combined market capitalization of $230 billion, more than triple GE's valuation in November 2021, before the spinoff was announced. Providing rigorous oversight during a period of intense structural change required the board's determination, despite stakeholder skepticism. “The courage our Board of Directors has shown through the transformation of GE and the launch of GE Aerospace,…
The CEO Group's AI Leadership Forum, held at the Freshfields Law Firm in Lower Manhattan in July, looked beyond the hype and addressed the actual strategic governance and human capital implications of AI transformation. Through interactive panels and table discussions, participants considered how to identify valuable AI opportunities, build the necessary foundations, implement reliable systems, avoid innovation traps, navigate the regulatory environment, manage workforce transitions, and balance bold innovation with responsible oversight. This conversation revealed both the tremendous opportunities and significant challenges facing leaders who lead their organizations through this technology revolution. Some takeout. Leaders and revolutions: “Think like a…
Work on a ship is tough. Long hours, demanding jobs, and being away from loved ones for months on end. Working on the coast is also difficult. No matter where you work, excellence is an expectation at the floor, not at the ceiling. A culture of continuous improvement means your boss is never satisfied. Constantly trying to do everything better, faster, and smarter can be exhausting. These are not traditional 9-to-5 jobs. These are roles for people who thrive on making an impact. This was reminded of me in a very concrete way when two different employees told me about…