• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

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

2

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

3

The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win

1

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

2

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

3

The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
LeadershipCEO Daily

CEO Daily: The Best in Business Reading

By
Nicholas Varchaver
Nicholas Varchaver
Down Arrow Button Icon
By
Nicholas Varchaver
Nicholas Varchaver
Down Arrow Button Icon
December 18, 2016, 7:40 AM ET
Add Fortune on Google for similar content.

Good morning.

Have you ever read an article that feels like an elixir for your brain? Well, a few sentences into “The Four Letter Code To Selling Just About Anything,” I started to sense electricity crackling through my synapses. The feature, by Nicholas Thompson in the Atlantic. begins by examining the work of Raymond Loewy, a titan of industrial design decades ago—he helped conceive the look of everything from the Exxon logo to Greyhound buses to Air Force One—who makes Apple’s Jonny Ive look like an underachiever. The article focuses on Loewy’s conception of the sweet spot for new products: “to sell something surprising, make it familiar; and to sell something familiar, make it surprising.” The article goes on to explore the yin and yang of humans’ desire for the new—and their equally powerful need for the old and familiar. It explains everything from moviegoers’ cravings for Hollywood sequels to parents’ choices in baby names. The science is fascinating:

In 2014, a team of researchers from Harvard University and Northeastern University wanted to know exactly what sorts of proposals were most likely to win funding from prestigious institutions such as the National Institutes of Health—safely familiar proposals, or extremely novel ones? They prepared about 150 research proposals and gave each one a novelty score. Then they recruited 142 world-class scientists to evaluate the projects.

The most-novel proposals got the worst ratings. Exceedingly familiar proposals fared a bit better, but they still received low scores. “Everyone dislikes novelty,” Karim Lakhani, a co-author, explained to me, and “experts tend to be overcritical of proposals in their own domain.” The highest evaluation scores went to submissions that were deemed slightly new. There is an “optimal newness” for ideas, Lakhani said—advanced yet acceptable.

 

 

 

Inside The Minds of White-Collar Offenders

The Atlantic also published a second fascinating piece this week, one in a rare category: It doesn’t quite attain what I’d call long form and…I wish it had been longer. “The Psychology of White-Collar Criminals” is written by Harvard Business School professor Eugene Soltes, who interviewed 50 corporate felons, many of them still behind bars. No surprise, he finds plenty of denial and stunning levels of delusion, including that of former WorldCom controller David Myers, who told Soltes he thought he was “‘helping people and doing the right thing’ while perpetrating one of the largest accounting frauds in history.” Soltes embarked on his mission assuming that executive misbehavior was a much more thoughtful, considered process than, say, violent crime. He discovered otherwise, with more than one of his interviewees proclaiming themselves mystified as to their own actions.

The biggest difference between the white-collar miscreants and garden-variety criminals, perhaps, may be that the former seemed unable to grasp that their conduct could harm others:

Indeed, the former executives I came to know were unable to relate to those they had harmed. “It was, in my mind, a very small thing dealing with small dollars,” London, of KPMG, explained as he described the impact of his insider trading on his amorphous victims. Others, like Andrew Fastow, the former CFO of Enron, were being honored by the likes of CFO magazine at the same time that they were engaging in fraud, perversely suggesting that their actions might be viewed positively by others. “People thought this stuff was frickin’ brilliant,” Fastow recalled of his excitement.

What To Do When The FBI Says You're Being Hacked?

For incisive reporting on a difficult, highly sensitive topic, it’s hard to beat “The Perfect Weapon: How Russian Cyberpower Invaded the U.S.” by Eric Lipton, David Sanger, and Scott Shane in the New York Times. It’s technically a political and diplomatic story rather than a business piece, given that it examines the horrifying level of bumbling that allowed Russian hackers to root around inside the servers of the Democratic National Committee for months with disastrous consequences. But it’s a devastating must-read for any company or organization that uses computers—i.e., all of them—and so filled with telling detail that it’s hard to isolate just a few examples. I will, however, depart from my usual policy and offer some free advice here: I’m no cyber expert, but if an FBI agent repeatedly calls you, warning that there are signs of a major breach in your systems, don’t wait weeks to follow up on the off chance that they might be prank calls—as a DNC technology contractor did—and then wait additional months to do something about it. I'll confess I ended up feeling a bit sorry for the relatively junior bumblers who are unmasked in this piece—but even angrier about how easy they made it for the Russian hackers.

The Long And Short of AI

“The Great AI Awakening” in the New York Times magazine seems like a worthy exploration of Google’s artificial intelligence initiatives—particularly viewed through the prism of its language-translation product. Of course, the phrase "seems worthy" is a tip-off: A story I felt I should want to read...but couldn't come close to completing (oh, the shame of it). I found my mind wandering about a third of the way through. I decided to check how much was left to go. Egad! The whole thing runs to 15,000 words. For my money—and feel free to take the plug with a grain of salt—Fortune’s examination, in October, of Silicon Valley companies and AI is much more cogent and to the point. At a relatively svelte 4,900 words, The Deep Learning Revolution, by Roger Parloff, justifies the word "revolution" and takes you deep inside technological transformation at Google, Microsoft, Facebook and more.

Extra: The Fake News Beat

As an extra, consider BuzzFeed's investigation of fake news, "The Unbelievable Story Behind The Strangest Fake News Empire On The Web," which reveals that a single individual—a charter plane pilot—may be behind "at least 43" fake news sites (including ones that falsely reported that the Pope had endorsed Donald Trump...and others that falsely reported the Pope had endorsed Hillary Clinton). Ultimately, the reporters aren't yet able to conclusively identify the individual—which is why I'm hedging the recommendation—but the hunt itself is fascinating.

Nicholas Varchaver
@nickvarchaver
nicholas_varchaver@fortune.com
About the Author
By Nicholas Varchaver
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
InvestingDonald Trump
Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
By Catherina GioinoJuly 1, 2026
8 hours ago
How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
NewslettersCIO Intelligence
How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
By John KellJuly 1, 2026
14 hours ago
U.S. Polo Assn. CEO J. Michael Prince
SuccessThe Promotion Playbook
U.S. Polo Assn. CEO was told he wasn’t right for a promotion—so he ‘outworked’ anyone else who wanted the job for 6 months straight
By Orianna Rosa RoyleJuly 1, 2026
15 hours ago
Nikesh Arora, chief executive officer at Palo Alto Networks
SuccessJobs
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
16 hours ago
DHL plane being refuelled at airport by man in high-vis jacket
EuropeAviation
The Iran conflict saw jet fuel prices soar—when you use 1.88 million tonnes a year, how you respond really matters (just ask DHL)
By Sam ForsdickJuly 1, 2026
18 hours ago
I know how Gen Z can survive the ‘jobpocalypse’ because I built an AI company — in 2015
CommentaryCareers
I know how Gen Z can survive the ‘jobpocalypse’ because I built an AI company — in 2015
By Jeremy FainJuly 1, 2026
20 hours ago

Most Popular

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
Big Tech
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
By Marco Quiroz-GutierrezJuly 1, 2026
24 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
22 hours ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
18 hours ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.