Good morning. I recently spoken to the CEO of Rolls-Royce Tuffan Erginbilgiç on the art and science of transformation. On a good day, I was arrested, new to reporting a 50 % jump in half -year profits to 1.7 billion pounds (about $ 2.3 billion) helped the price of Aerospace to the United Kingdom more than twice this year.
Erginbilgiç says that it is “changed everything about the company” since he became the CEO in early 2023. He has led 17 initiatives throughout the Foundation through four columns called to make everyone correspond to the confrontation, lead efficiency, set clear goals, and “normalize intensity” to accomplish matters.
He told me: “Weak companies stop talking about performance.” “They stop communicating because it seems ugly. You have to tell them about seeing you to make this a great company … it does not restructure after that. The transformation is more comprehensive and ambitious.”
It responds to the constantly changing definitions, challenges and technologies is to focus on making Rolls-Royce more active and graceful. “You cannot always affect macro things but you affect how you deal with them,” says Erginbilgiç, who has created a large business group.
When trying to align 50,000 people around the transformation, his advice is not to obsessing the most recent goal of Amnesty International or the budget. He says, “No one is enthusiastic about the budgets.” “Tell people how they look good.”
Communication CEO daily via Diane Brady in [email protected]
Best news
Intel CEO to meet Trump
Intel CEO of the lip company It is scheduled To visit the White House today, after President Trump invited him to resign last week because of his personal investments in Chinese companies. Tan will hope to beat Trump by proposing ways that Intel can play with the United States government.
How I Intel entered a 20 -year decrease
Jeff Colvin writesThe decline began about 20 years ago, when the company made several acquisitions, many of which were in the field of communications and wireless technology. In concept, this is logical. But obtaining companies is their own skill, and Professor David Yovi, Professor of Business College at Harvard University and he was on the Intel Board of Directors at that time, luck “100 % of these acquisitions failed. We spent $ 12 billion, and the return was zero or negative.”
The former CEO of Intel has a 10 -point plan for the company’s future
Craig Barrett, former CEO of Intel In a new piece for luck 10 reasons why the United States needs Besieged Technology company, and how to save it. Its plan includes $ 40 billion in external investment.
NVIDIA and AMD agree to pay the chips export deal in China
The two companies concluded a deal with the White House Trump to pay the United States government by 15 % of sales of Chinese chip -making operations in exchange for allowing them to continue making chips and exporting them from China, FT reports.
Trump wants to move on the homeless people from the capital
The presence of the improvement Federal Bureau Deployed To Washington, DC, before a press conference to combat crime at the White House today. “The homeless must go out immediately. We will give you places to stay, but away from the capital,” Trump said on social media.
Bags say artificial intelligence does not become “divine”
“Doomer novels were wrong” about artificial intelligence, “says David Sachs, the co-host of” PodCast All-In “who is now a special white consultant at the TECH. In a lengthy post on X He said that the prediction that artificial intelligence would become “supernatural cancellation” was a mistake. Instead, artificial intelligence models do only gradual leaps in performance and become specialized in specialized tasks.
MOODY Economic Expert in Job Data
Mark Zandy, Chief Economist in Moody to caution On Sunday, the fact that “employment decreases in many industries” can be an indication of the continuous recession. “In the past, if more than half of the 400 -year -old industries were to wipe the salary statements falling jobs, we were in a stagnation … in July, more than 53 % of the industries were to cut jobs,” Zandy wrote.
Trump’s choice of the Federal Reserve Council
President Donald Trump last week Nominated His chief economist, Stephen Miran, to fill a vacant seat in the Federal Reserve temporarily. The chief economist at JPMorgan Bruce Kemen warned in a memo on Friday that the reform agenda in Miran – the spaces to allow the president to shoot officials and move the organizational forces to the treasury – “an existential threat” of the independence of the Federal Reserve.
Markets
S & P 500 futures contracts It was flat this morning, premarkket, after closing the index by 0.78 % on Friday. Stoxx Europe 600 It was flat in early trading. FTSE 100 in the United Kingdom 0.25 % increased in early trading. Japan Nikki 225 It was up to 1.85 %, reached the highest new level ever. China CSI 300 It was 0.43 %. South Korea Cuban 0.1 % decreased. Elegant India 50 It was 0.69 %. Bitcoin It rose to 121.6 thousand dollars.
About water armed
The expert says that the offer of the Air Force for Tesla Cybletructs in the targeted practice symbolizes the “advanced” relationship between the Pentagon and the large technology. Written by Sasha Rogerberg
Senior economists say it is the “panic season” in the market, which is your mistake to spend a summer vacation. Blame the “Harvest Time” mentality Written by Nick Lestenburg
Two of Trump’s economists-and friends have long been collided with Trump jobs data Written by Eva Royburg
Daily Executive Director is collected and edited by Joey Abrams and Jim Edwards.
https://fortune.com/img-assets/wp-content/uploads/2025/08/Tufan-Erginbilgic-1.jpg?resize=1200,600
Source link