TOP NEWS
Boeing Deals
Boeing has scored deals for another 50 of its contentious 737 Max aircraft, which have been grounded around the world following two fatal crashes. Kazakhstan's Air Astana wants 30, and another unidentified customer wants 20 more. Turkey's SunExpress bought 10 on Monday, too. Boeing commercial airplanes chief Stan Deal: "I believe this is momentum. Thus far we're restoring confidence." Wall Street Journal
Hong Kong
Yet another potential stumbling block for a U.S.-China trade deal: China has accused the U.S. of interference after the Senate unanimously passed a bill supporting pro-democracy protestors in Hong Kong. The "Hong Kong Human Rights and Democracy Act" bill now goes to the House, where it will need to be resolved with a bill already passed there last month. CNBC
Privacy Enforcement
A draft decision was supposed to appear by the end of this year in the first really big enforcement of the EU's tough GDPR privacy law—a case involving WhatsApp that could theoretically cost parent Facebook billions of euros. However, the Irish regulator handling the case has told Fortune her decision has been pushed back into 2020, due to a WhatsApp procedural complaint. Reminder: the law came into effect in May 2018. Fortune
Juul Suits
E-cigarette maker Juul has been sued by the attorneys-general of New York and California, and by two Washington state counties, and a school district. The suits allege the largely Altria-owned firm targeted minors with its flavored vapes, despite knowing the associated risks. CNN
Procurement Complexity
From digital disruption to increasing regulation, chief procurement officers have their hands full. This year's Deloitte Global Chief Procurement Officer survey looks at why the CPO's job is becoming more complex and how they may be able to stay above water.
Read more
AROUND THE WATER COOLER
Big Fear
The Financial Times has a harrowing piece on the culture of fear at the Big Four accounting firms, when it comes to handling sexual harassment, bullying and homophobia complaints. From the piece: "The FT identified a disturbingly common pattern in terms of how complainants were treated: most initially felt ignored, then isolated and were eventually pushed out. Legal clauses aimed at silencing them swiftly followed." Financial Times
Icahn vs. Malls
Activist investor Carl Icahn is making a big bet on mall owners being unable to service their debts. If he's right, he could reportedly make over $400 million. However, other short-sellers have already lost hundreds of millions on this one, and Icahn has also apparently suffered early losses since placing his bet in recent months. Wall Street Journal
Twitter vs. Tories
Twitter has criticized the U.K.'s governing Conservative Party for changing the handle of its press office's account to "@factcheckUK" for last night's debate between Prime Minister Boris Johnson and Labour Party leader Jeremy Corbyn. A widespread outcry—including from actual fact-checking organizations—led the Tories to swiftly reverse the stunt, but Twitter said it would take "decisive corrective action" if anyone tried something similar again. (The debate was roughly a tie, by the way.) BBC
Prosus Push
Technology group Prosus says it aims to make many more investments in food delivery businesses around the world—with India being a particular target. Prosus, recently spun off from South Africa's Naspers, is currently trying to take over the U.K.'s Just Eat, which is also being wooed by Delivery.com. Reuters
This edition of CEO Daily was edited by David Meyer.
WE NEED YOUR HELP
Know a standout female leader at your company or another? Tell us about her! We're taking nominations for Fortune's upcoming Most Powerful Women Next Gen Summit, where we convene ascending leaders to converse about business, share advice, and connect with one another. It's Dec. 10-11 in Laguna Niguel, Calif. Submit your nominations to MPWNextGen@fortune.com. They can register here.
IF YOU LIKE THIS EMAIL...
Share today's CEO Daily with a friend.
Did someone share this with you? Sign up here. For previous editions, click here.
For even more, check out Business By Design, Fortune's new newsletter on the transformative power of design in business. Sign up here.
No comments:
Post a Comment