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

Trendingnow

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

3

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

3

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
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
June 4, 2017, 6:00 AM ET

Good Morning.

You could be forgiven if you get the impression that the only tool you need to commit a crime these days is a high-powered laptop. Yet Outside’s “The Curious Case of the Disappearing Nuts” probes a type of theft that requires a lot of planning, equipment, and supply-chain connections. “Logistics” isn’t the first word that comes to mind when reading about robbers, but you could view this article as an exploration of that most fundamental aspect of business. As the story notes early on, “[if] you steal 370,000 pounds of almonds, you’re not ­going to sell it on the side of the road.”

The article describes a nut-related crime wave in California: “More than 35 loads, worth at least $10 million, have gone missing since 2013. The number and style of the thefts—quick and professional, as if the characters from Ocean’s Eleven had descended on the Central Valley—have drawn the attention of federal organized-crime investigators and prompted the creation of a regional task force.”

There are a few moments where the writer seems to be playing the story for laughs. He describes how he met the “Nut Theft Task force” at a conference last year in Modesto: “The men were barrel-chested and serious, wearing jeans, cowboy boots, and blousey white dress shirts.” But then: “Shortly after the conference got under way, news ­arrived that ­another processor in ­Tulare had been hit, and the team excused itself to work leads by phone out in the hallway.”

Ultimately, the articles takes the problem seriously. It notes that the value of food stolen overtook that of electronics in 2010 and it ultimately turns into a detective story that examines the role of Armenian gangs and the unwitting: First, the fact that key players in the thefts—truck drivers—often don’t even know they’re participating in a crime; And second, as with more than one product that gets into the supply chain—everything from batteries to pharmaceuticals—consumers unknowingly participate in the conspiracy by ultimately buying the stolen goods.

Where Have You Gone, Marc Jacobs?

The New York Times’ Fashion and Style section explores the recent history of a few blocks of Bleecker Street in New York City and you could call it (pardon the mixed metaphor) a real estate sugar rush. Once a funky stretch with book stores, antique shops, and and seemingly random tiny emporia, it took off after a local cupcake emporium, Magnolia Bakery, was featured in an episode of HBO’s Sex And The City in 2000. Soon tourists were flocking for treats, lines spilled out onto Bleecker, and a bevy of high-end clothing retailers sprinted in to lease space in the apparent belief that consumption of red velvet cupcakes and vanilla frosting triggers a release in the brain’s retail spending center. Before long, Marc Jacobs had not one, not two, but six boutiques on this four-block portion of Bleecker. Ralph Lauren had three, Coach had two, and lesser brands had to settle for single stores. Retail rents sextupled nearly overnight and humble solo proprietors were forced to flee. All of that would make for a heart-warming tale of gentrification, but for one unfortunate fact: It turns out that a willingness to spend an hour on line to buy a $3.50 cupcake doesn’t necessarily mean you’re the person to pay $2,000 for a hand bag. Today the high-fashion spaces are largely abandoned and one of the priciest corridors in New York has become a storefront ghost town. Send your condolences here: customerservice@marcjacobs.com

The Monopolist Of Pizza Cheese

“This Secretive Billionaire Makes The Cheese For Pizza Hut, Domino's And Papa John’s,” in Forbes, is the tale of James Leprino, a 78-year-old billionaire, and his company, Leprino Foods. It controls 85% of the market for “pizza cheese”—the industrial-scale version of mozzarella—and is the sole supplier for the three mega-chains cited in the headline (as well as a partial supplier for Little Caesar’s). That’s amazing dominance and, in Forbesian fashion, the article hails Leprino as “one of America’s all-time monopolists.” (I'm not sure if there is a hall of fame for that category.) This son of an Italian immigrant has dominated through hard work, massive scale, and an employee who was a genius at inventing and patenting techniques for mass-scale food production. As often seems to be the case with these sorts of techniques, they're both fascinating and a little bit disturbing. For example, there’s the company’s “mist” technology, which started as a method to preserve the cheese but then evolved to let the company to take mozzarella and spray on a variety of flavors—everything from cheddar to salted caramel—add food-coloring, and achieve large scale food production. Leprino himself is an appealing fellow. He hasn’t been photographed since the 1960s (seemingly out of modesty rather than a need to evade the FBI), is the sort of billionaire who is known to operate a forklift in the company warehouse, and makes it to church every weekend. I’m not sure I’d recommend the cheese, but I feel safe directing you to the article.

 

Bonus Read: Pumping Up Your Hiring Chances

Finally, I’m not saying we should send this one to the Pulitzer committee, but the Wall Street Journal’s "A-hed" on executives who decided to test the character of job applicants, or to network, by working out together is a pleasure from start to finish. The headline gives you more than enough to go on: “Thanks For Your Job Application—Shall We Begin At The Squat Rack?” Reading this article will improve your muscle tone—or at least give you a feeling of relief that you haven't had to endure one of the tests described here.

Nicholas Varchaver
@nickvarchaver
nicholas_varchaver@fortune.com
About the Author
By Nicholas Varchaver
See full bioRight Arrow Button Icon

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

This community college student is America’s entrant in the Olympics of skilled trades. ‘I always wanted to be the first female to do something’
Future of Workthe future of work
This community college student is America’s entrant in the Olympics of skilled trades. ‘I always wanted to be the first female to do something’
By Mike Householder and The Associated PressMay 17, 2026
8 hours ago
murdochs
CommentaryMedia
OpenAI paid $100 million for a talk show. James Murdoch is eyeing an even bigger deal. The hot new asset class is humanity
By Lin CherryMay 17, 2026
10 hours ago
dennis
CommentaryAI agents
Freshworks CEO: why agile enterprises are winning the AI race — and what they did differently
By Dennis WoodsideMay 17, 2026
10 hours ago
A man with a headset sits at a desk in a call center.
EconomyAutomation
The AI boom hasn’t stopped U.S. companies from hiring cheap offshore labor, and overseas call center employment is still skyrocketing
By Sasha RogelbergMay 17, 2026
10 hours ago
Zillow CEO doubles down on remote-work model: ‘There is talent everywhere in this country’
Workplace Cultureremote work
Zillow CEO doubles down on remote-work model: ‘There is talent everywhere in this country’
By Marco Quiroz-GutierrezMay 17, 2026
10 hours ago
Stressed job seeker
SuccessGen Z
Gen Z is right about the job hunt—it really is worse than it was for millennials, with nearly 60% of fresh-faced grads frozen out of the workforce
By Emma BurleighMay 17, 2026
10 hours ago

Most Popular

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
AI
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
1 day ago
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
Politics
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
By Jason MaMay 16, 2026
1 day ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
5 days ago
SpaceX heads into a record-shattering IPO with the 'deepest moat that exists today' as investors vow to 'never bet against Elon'
Innovation
SpaceX heads into a record-shattering IPO with the 'deepest moat that exists today' as investors vow to 'never bet against Elon'
By Jason MaMay 16, 2026
1 day ago
Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn
Energy
Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn
By Jason MaMay 16, 2026
1 day ago
'No one was coming to save me': How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn't fix
Success
'No one was coming to save me': How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn't fix
By Sydney LakeMay 17, 2026
11 hours 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.