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As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Current price of oil as of July 1, 2026
Brexit

Boris Johnson Shocks U.K., Drops out of Race to Be Prime Minister

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June 30, 2016, 7:46 AM ET
Boris Johnson And Michael Gove Address The Nation After EU Referendum Victory
LONDON, ENGLAND - JUNE 24: Conservative MP Boris Johnson listens to Justice Secretary Michael Gove speak following the results of the EU referendum at Westminster Tower on June 24, 2016 in London, England. The results from the historic EU referendum has now been declared and the United Kingdom has voted to LEAVE the European Union. (Photo by Mary Turner - WPA Pool/Getty Images)Mary Turner Getty Images
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This article is published in partnership with Time.com. The original version can be found here.

By Tara John @Tarajohn

Boris Johnson, the former Mayor of London and leader of the campaign to leave the European Union, has dramatically announced that he will not stand in the Conservative Party leadership contest. The winner of the contest will automatically become Prime Minister.

“Well, I must tell you, my friends, you who have waited faithfully for the punchline of this speech, that having consulted colleagues and in view of the circumstances in parliament, I have concluded that person cannot be me,” he said.

“My role will be to give every possible support to the next Conservative administration to make sure that we properly fulfil the mandate of the people that was delivered at the referendum and to champion the agenda that I believe in, to stick up for the forgotten people of this country.”

His decision followed the shock leadership announcement of fellow Brexit campaigner Michael Gove— who was widely believed to back Johnson’s leadership bid. Gove said that he did not have confidence in Johnson’s ability to lead the country.

The leadership race follows U.K. Prime Minister David Cameron’s resignation announcement on June 24, in response Britain’s decision to leave the E.U.

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