Sizing Up Brexit’s Damage to American Business

Events outside the U.S. matter crucially to the largest U.S. firms. Our old model of how the developed world works is officially broken. Post-Brexit, the race is on to create the best new model for understanding – and predicting – what happens. Markets are still struggling to do so. Friday’s plunges in stocks and the…

Brexit Fallout: World Leaders Should Wonder If They’re Next

Nationalistic, anti-immigrant, isolationist movements are rising in the developed world. Imagine what’s going through the mind of every developed country’s leader. Virtually all of them had endorsed the losing Remain side in the Brexit referendum, and now they’re wondering, What if that referendum’s equivalent had been held in my country? Nationalistic, anti-immigrant, isolationist movements are…

Why Leaders Need to Know What Machines Can’t Do

  Some jobs really must be automated; others need the human touch. When stock markets plunged early this year, managers at USAA’s investments division noticed something odd. Customers who routinely conducted business online were suddenly lighting up the phones. USAA had nothing new to tell them—its fundamental advice hadn’t changed, and they could have found…

Donald Trump’s Tax Return Refusal: Now It’s Just Getting Awkward

Hillary Clinton is in a strong position to pound him on the issue. News events have diverted attention from the issue of Donald Trump’s tax returns for several weeks, but it’s an important issue that will come back, which is why you should read this article now. Reporter and tax expert David Cay Johnston uncovered…

What the Military Thinks About Trump and Clinton

Officers refuse to say, of course. But retired officials needn’t hold back. When President Obama tore into Donald Trump on Tuesday, many Washington hands noted that he did so with Marine General Joseph Dunford, chairman of the Joint Chiefs of Staff, standing next to him. That’s because the session had begun as a briefing on…

Even After National Tragedy, Trump Refuses to Change His Game

Trump’s response to the Orlando shooting shows how far he is from pivoting to the general election. The only really interesting aspect of Donald Trump’s extraordinary response to the Orlando shooting is that it demonstrates how far he is from making the essential maneuver every presidential candidate must make at this point in the cycle…

How the Orlando Tragedy Will Test Trump and Clinton

The test for Trump will be avoiding gaffes that would further enrage Muslims. The mass shooting in Orlando, sure to be the top news story in America for days to come, will be a test and an opportunity for leaders and for aspiring leaders Donald Trump and Hillary Clinton. Exactly how will depend on how…

Donald Trump’s Many Unpaid IOUs

Trump has been unusually aggressive in withholding payments and fighting contractors in court. Donald Trump, deadbeat? Stories have circulated for years that Trump routinely stiffs contractors who work on his projects, in some cases supposedly telling them that, though he’s not paying them, they’ll make money just by being able to say they worked on…

Here’s the Right Way to Make Unpopular Decisions

How to keep your team on your side, even in difficult times. When Air France’s leaders last fall announced a plan to cut 2,900 jobs, 3% of the total, they knew the move would be unpopular. But maybe they misjudged how unpopular. Later that day dozens of workers stormed a company conference room and ripped…

Today’s Fortune 500 Has More Workers, But Makes Less Money

  Smaller and less profitable, but somehow with one million more workers than last year. The Fortune 500 isn’t a group; it’s a place. Think of it as a 500-story office building with a company on each floor. The building is always full, but the tenants change from year to year. And since we assign…

What Future Leaders Need to Learn in College

What a liberal arts education gives you is growing more valuable, not less. This essay originally appeared in Power Sheet, Fortune’s daily leadership newsletter. Sign up here. To all the brand new college graduates who majored in a liberal arts field, I have a message: If you want to be a leader, you did the…