Connect with us

Business

Schneider Electric CEO Olivier Blum credits his time as CHRO for shaping his leadership style

Published

on



Good morning. On the cusp of his first anniversary as CEO, Schneider Electric‘s Olivier Blum is in Copenhagen today to share a new vision for the French energy tech giant. Founded in 1836, the Fortune Global 500 company now makes Fortune’s lists as one of the most innovative, sustainable and best places to work.

I had an opportunity to speak with the Dubai-based Blum about his plan. Here are some highlights of where he’s putting his focus now:

Creating intelligent energy systems: With 160,000 employees and 1 million partners worldwide, Schneider Electric already has a robust ecosystem around its products. But Blum wants to evolve from being an energy technology company to an “energy technology partner” that leverages data and connects the grid to the data center in new ways to create more intelligent, efficient and adaptive energy systems for customers. Said Blum: “Our job is to make sure that we connect an ecosystem of people and provide the technology that will make it happen.”

Accelerating the energy transition with big tech: From the need to draw more power from the current infrastructure to the need for new infrastructure to harness solar, wind and other renewables, Blum is prioritizing initiatives to create new advanced infrastructure with partners like Nvidia and increase the efficiency and performance of existing systems. Among other things, he’s launching a new global consulting services brand to help customers meet those needs. “This acceleration of both supply and demand is happening faster than expected,” Blum said. “That will disrupt the way we invent the technology of the future.

Moving beyond ESG: “While we want to deliver strong financials in the next quarter, we always try to imagine how we impact our environment positively,” Blum said. “We still want to be a responsible company for the short and the long term. We used to call that social responsibility—it was more charity—then it moved to ESG sustainability, and maybe the next cycle is more about impact responsibility … It’s not only for your wallet or the planet that you have to do the energy transition, it’s because of demand.”

Keep management layers to a minimum: The complexity of large companies can be a barrier to decision making. Blum’s solution is to “keep one layer which is common … the 20% of stuff that has to be truly global in strategy” and build out its four regional hubs to “create empowerment and speed in the way we are managing the company.” That means more resources, centralized supply chains and independence for regional operations in places like North America and China to “empower people as close as possible to the action.”

Creating culture from the top: “At the end of the day, you can have the best technology, the best brand,” Blum said, “but 90% of success is about the selection of the people you will put in the job.”  Blum credits his time as CHRO with making him more attuned to the importance of leadership, noting “you realize how much the culture, the behavior of the people, are impacted by what comes from the top of the company. ” 

You can read the full interview here.

More news below.

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

Top news

OpenAI joins browser wars

OpenAI unveiled ChatGPT Atlas, a new web browser integrated with the company’s ChatGPT AI model, during a livestream on Tuesday, aiming to establish itself as a starting point for users’ internet journeys. The new product casts OpenAI as a contender in this generation’s brewing browser wars.

Warner Bros. Discovery considers sales

Warner Bros. Discovery, parent of HBO, DC Studios, CNN, Discovery Channel and more, revealed Tuesday that it’s considering different sale opportunities following “unsolicited interest from multiple parties for the entire company.” The company has reportedly turned down two overtures from Paramount, and the board is now reviewing a range of options. The state of limbo leaves Warner CEO David Zaslav in the fight of his career. 

GM posts solid earnings

General Motors announced $48.59 billion in quarterly revenue on Tuesday, beating Wall Street expectations and leading the company to raise its full-year outlook. The solid earnings are partly due to the tariff-mitigation strategies and strong sales of the automaker’s gas-powered vehicles. 

Superintelligence ban

AI pioneers and tech leaders, including Virgin Group founder Richard Branson and Apple cofounder Steve Wozniak, have called for a halt on the development of ‘superintelligence,” citing risks ranging from “loss of freedom” to “potential human extinction.” It can start again when there is strong public support and safety guardrails in place, they said.

Sequoia COO’s departure

The FT reports that Sequoia Capital COO Sumaiya Balbale, a practicing Muslim, left the firm in August over comments by partner Shaun Maguire that she considered Islamaphobic. The episode shows how politics are driving divisions at the top VC firm. 

Louvre theft

The theft of $100 million in jewelry from the Louvre this week has left the public wondering how such a brazen heist could have taken place in broad daylight at the world’s most-visited museum. The Louvre’s leadership is under fire for focusing on new projects rather than increasing security and its director will have to explain herself to France’s Senate at a hearing today. The items were not insured because it would have been prohibitively expensive to do so.

The markets

S&P 500 futures were up 0.01% this morning. The last session closed essentially flat. STOXX Europe 600 was down 0.17% in early trading. The U.K.’s FTSE 100 was up 0.75%  in early trading. Japan’s Nikkei 225 was down 0.02%. China’s CSI 300 was down 0.33%. The South Korea KOSPI was up 1.56%. India’s stock markets are closed today. Bitcoin is steady at $108K.

Around the watercooler

America’s cattle chief rips into Trump’s Argentine beef bailout, saying it ‘does nothing to lower grocery store prices’ by Sasha Rogelberg

Executives at DoorDash, Airbnb, Sephora and ServiceNow agree: leaders need to be agile—and be a ‘swan’ on the pond by Preston Fore

Brené Brown warns American workers are not neurologically wired for this level of rapid change and instability: ‘People are not okay’ by Emma Burleigh

Instagram cofounder rips ‘AI FOMO’ that caused a rush to adopt and no metrics: ‘When it gets fuzzy, it’s very hard to then evaluate’ by Marco Quiroz-Gutierrez

CEO Daily is compiled and edited by Joey Abrams and Claire Zillman.

This is the web version of CEO Daily, a newsletter of must-read global insights from CEOs and industry leaders. Sign up to get it delivered free to your inbox.



Source link

Continue Reading

Business

Australia will start banning kids from social media this week

Published

on



Starting this Wednesday, many Australian teens will find it near impossible to access social media. That’s because, as of Dec. 10, social media platforms like TikTok and Instagram must bar those under the age of 16, or face significant fines. Australian Prime Minister Anthony Albanese called the pending ban “one of the biggest social and cultural changes our nation has faced” in a statement.

Much is riding on this ban—and not just in Australia. Other countries in the region are watching Canberra’s ban closely. Malaysia, for example, said that it also plans to bar under-16s from accessing social media platforms starting next year. 

Other countries are considering less drastic ways to control teenagers’ social media use. On Nov. 30, Singapore said it would ban the use of smartphones on secondary school campuses. 

Yet, governments in Australia and Malaysia argue a full social media ban is necessary to protect youth from online harms such as cyberbullying, sexual exploitation and financial scams.

Tech companies have had varied responses to the social media ban. 

Some, like Meta, have been compliant, starting to remove Australian under-16s from Instagram, Threads and Facebook from Dec. 4, a week before the national ban kicks in. The social media giant reaffirmed their commitment to adhere to Australian law, but called for app stores to instead be held accountable for age verification.

“The government should require app stores to verify age and obtain parental approval whenever teens under 16 download apps, eliminating the need for teens to verify their age multiple times across different apps,” a Meta spokesperson said.

Others, like YouTube, sought to be excluded from the ban, with parent company Google even threatening to sue the Australian federal government in July 2025—to no avail.

However, experts told Fortune that these bans may, in fact, be harmful, denying young people the place to develop their own identities and the space to learn healthy digital habits.

“A healthy part of the development process and grappling with the human condition is the process of finding oneself. Consuming cultural material, connecting with others, and finding your community and identity is part of that human experience,” says Andrew Yee, an assistant professor at the Nanyang Technological University (NTU)’s Wee Kim Wee School of Communication and Information.

Social media “allows young people to derive information, gain affirmation and build community,” says Sun Sun Lim, a professor in communications and technology at the Singapore Management University (SMU), who also calls bans “a very rough tool.”

Yee, from NTU, also points out that young people can turn to platforms like YouTube to learn about hobbies that may not be available in their local communities. 

Forcing kids to go “cold turkey” off social media could also make for a difficult transition to the digital world once they are of age, argues Chew Han Ei, a senior research fellow at the Lee Kuan Yew School of Public Policy in the National University of Singapore (NUS).

“The sensible way is to slowly scaffold [social media use], since it’s not that healthy social media usage can be cultivated immediately,” Chew says.

Enforcement

Australia plans to enforce its social media ban by imposing a fine of 49.5 million Australian dollars (US$32.9 million) on social media companies which fail to take steps to ban those under 16 from having accounts on their platforms.

Malaysia has yet to explain how it might enforce its own social media ban, but communications minister Fahmi Fadzil suggested that social media platforms could verify users through government-issued documents like passports. 

Though young people may soon figure out how to maintain their access to social media. “Youths are savvy, and I am sure they will find ways to circumvent these,” says Yee of NTU. He also adds that young may migrate to platforms that aren’t traditionally defined as social media, such as gaming sites like Roblox. Other social media platforms, like YouTube, also don’t require accounts, thus limiting the efficacy of these bans, he adds.

Forcing social media platforms to collect huge amounts of personal data and government-issued identity documents could also lead to data privacy issues. “It’s very intimate personally identifiable information that’s being collected to verify age—from passports to digital IDs,” Chew, from NUS, says. “Somewhere along the line, a breach will happen.”

Moving towards healthy social media use

Ironically, some experts argue that a ban may absolve social media platforms of responsibility towards their younger users. 

“Social media bans impose an unfair burden on parents to closely supervise their children’s media use,” says Lim of SMU. “As for the tech platform, they can reduce child safety safeguards that make their platforms safer, since now the assumption is that young people are banned from them, and should not have been venturing [onto them] and opening themselves up to risks.”

And rather than allow digital harms to proliferate, social media platforms should be held responsible for ensuring they “contribute to intentional and purposeful use”, argues Yee.

This could mean regulating companies’ use of user interface features like auto-play and infinite scroll, or ensuring algorithmic recommendations are not pushing harmful content to users.

“Platforms profit—lucratively, if I may add—from people’s use, so they have a responsibility to ensure that the product is safe and beneficial for its users,” Yee explains. 

Finally, conversations on safe social media use should center the voices of young people, Yee adds.

“I think we need to come to a consensus as to what a safe and rights-respecting online space is,” he says. “This must include young people’s voices, as policy design should be done in consultation with the people the policy is affecting.”



Source link

Continue Reading

Business

Jimmy Kimmel signs ABC extension through 2027

Published

on



Kimmel’s previous, multiyear contract had been set to expire next May, so the extension will keep him on the air until at least May 2027.

Kimmel’s future looked questionable in September, when ABC suspended “Jimmy Kimmel Live!” for remarks made following the assassination of conservative activist Charlie Kirk. Following a public outcry, ABC lifted the suspension, and Kimmel returned to the air with much stronger ratings than he had before.

He continued his relentless joking at the president’s expense, leading Trump to urge the network to “get the bum off the air” in a social media post last month. The post followed Kimmel’s nearly 10-minute monologue on Trump and the Jeffrey Epstein files.

Kimmel was even on Trump’s mind Sunday as the president hosted the Kennedy Center Honors in Washington.

“I’ve watched some of the people that host,” Trump said. “I’ve watched some of the people that host. Jimmy Kimmel was horrible, and some of these people, if I can’t beat out Jimmy Kimmel in terms of talent, then I don’t think I should be president.”

Kimmel has hosted the Oscars four times, but he’s never hosted the Kennedy Center show.

Just last week, Kimmel was needling Trump on the president’s approval ratings. “There are gas stations on Yelp with higher approval ratings than Trump right now,” he said.

Kimmel will be staying longer than late-night colleague Stephen Colbert at CBS. The network announced this summer it was ending Colbert’s show next May for economic reasons, even though it is the top-rated network show in late-night television.

ABC has aired Kimmel’s late-night show since 2003, during a time of upheaval in the industry. Like much of broadcast television, late-night ratings are down. Viewers increasingly turn to watching monologues online the day after they appear.

Most of Kimmel’s recent renewals have been multiyear extensions. There was no immediate word on whose choice it was to extend his current contract by one year.

Bill Carter, author of “The Late Shift” and veteran chronicler of late-night TV, cautioned against reading too much into the length of the extension. Kimmel, at age 58, knows he’s getting close to the end of the line, Carter said, but when he leaves, he doesn’t want it to appear under pressure from Trump or anyone.

“He wants to make sure that it’s on his terms,” Carter said.

Kimmel has become one of the leading voices resisting Trump. “I think it’s important for him and for ABC that they are standing up for him,” Carter said.

Following Kirk’s killing, Kimmel was criticized for saying that “the MAGA gang” was “desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and doing everything they can to score political points from it.” The Nexstar and Sinclair television ownership groups said it would take Kimmel off the air, leading to ABC’s suspension.

When he returned to the air, Kimmel did not apologize for his remarks, but he said he did not intend to blame any specific group for Kirk’s assassination. He said “it was never my intention to make the light of the murder of a young man.”



Source link

Continue Reading

Business

Trump says he’ll allow Nvidia to sell advanced chips to ‘approved customers’ in China

Published

on



President Donald Trump said Monday that he would allow Nvidia to sell an advanced type of computer chip used in the development of artificial intelligence to “approved customers” in China.

There have been concerns about allowing advanced computer chips to be sold to China as it could help the country better compete against the U.S. in building out AI capabilities, but there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.

The chip, known as the H200, is not Nvidia’s most advanced product. Those chips, called Blackwell and the upcoming Rubin, were not part of what Trump approved.

Trump said on social media that he had informed China’s leader Xi Jinping about his decision and “President Xi responded positively!”

“This policy will support American Jobs, strengthen U.S. Manufacturing, and benefit American Taxpayers,” Trump said in his post.

Nvidia said in a statement that it applauded Trump’s decision, saying the choice would support domestic manufacturing and that by allowing the Commerce Department to vet commercial customers it would “strike a thoughtful balance” on economic and national security priorities.

Trump said the Commerce Department was “finalizing the details” for other chipmakers such as AMD and Intel to sell their technologies abroad.

The approval of the licenses to sell Nvidia H200 chips reflects the increasing power and close relationship that the company’s founder and CEO, Jensen Huang, enjoys with the president. But there have been concerns that China will find ways to use the chips to develop its own AI products in ways that could pose national security risks for the U.S., a primary concern of the Biden administration that sought to limit exports.

Nvidia has a market cap of $4.5 trillion and Trump’s announcement appeared to drive the stock slightly higher in after hours trading.



Source link

Continue Reading

Trending

Copyright © Miami Select.