Plus, actually banish burnout and outsmart overwhelm |
Linda Yaccarino announced Wednesday she will resign as chief executive of Elon Musk’s X (formerly Twitter) following a two-year tenure, a day after Musk’s AI chatbot made a series of antisemitic comments on the social media platform and appeared to praise Adolf Hitler.
As Forbes senior contributor Kim Elsesser notes in a new piece about Yaccarino’s departure, many observers called her initial appointment in 2023 an example of a “glass cliff” hire (the phenomenon wherein women are more likely to be appointed as chief executives of struggling companies). X was certainly struggling when Yaccarino took over, but as Elsesser argues, it’s not entirely accurate to use her tenure as proof that the glass cliff exists—because there’s evidence that the entire concept of glass cliffs lacks a sturdy foundation.
What do I mean by this? Consider the following: “Researchers examined all CEO appointments (over 10,000 of them) from 1998 to 2022 in publicly held companies in the U.S. Women were no more likely to be appointed CEO of a company with financial problems than a profitable one,” Elsesser explains. “In fact, the study revealed the opposite: As a company’s finances improved, the chances that a woman would be appointed to CEO also increased.”
Cheers!
Maggie |
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| Striding purposefully across the stage at a packed media briefing held in Seoul in early February, Shina Chung, CEO of Korean internet giant Kakao, leaned in to greet OpenAI cofounder Sam Altman. After six months of negotiations, the two companies had just sealed a partnership that would give Kakao (market cap: $20 billion) access to the American AI titan’s powerful technology. As Chung declared on stage, it could potentially turn “all imaginable AI-era services into reality”—and give Kakao a fighting chance to leapfrog the competition. |
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ICYMI: Stories From The Week |
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Until today, the most expensive handbag ever sold at auction was a White Himalaya Niloticus Crocodile Diamond Returnee Kelly 28, which fetched $513,040 in 2021—but fashion history was made in Paris this afternoon when the original Birkin prototype, owned by Jane Birkin herself, was sold at auction for €8,582,500 ($10,023,630) reflecting a growing trend in the sale of secondhand luxury items.
For the first time in 65 years, there is a Barbie to represent the millions of girls living with Type 1 Diabetes. Mattelrecently debuted a doll that is dressed in a playful blue polka-dot outfit, sporting a matching pastel purse and, most notably, wearing a continuous glucose monitor on her arm and an insulin pump clipped to her waist.
Legendary Afroworld fusion artist Angélique Kidjo has been named to the 2026 class of Hollywood Walk of Fame inductees, making Kidjo the first African artist to receive a star on the acclaimed California cement.
A federal judge temporarily blocked the government from enforcing a provision of President Donald Trump’s megabill that would have prevented Medicaid from reimbursing Planned Parenthood—a move the reproductive health group said would amount to “defunding.”
Avengers and dinosaurs, that’ll do it. In the wake of the box office devouring of Jurassic World: Rebirth, its lead, Scarlett Johansson, has just broken a Hollywood record. Totaling up the movies that Johansson has starred in, she is now the highest-grossing actor (not just actress) in Hollywood, surpassing fellow Marvel co-stars Robert Downey Jr., Samuel L. Jackson and Zoe Saldana. The movies she’s appeared in have made $14.8 billion at the box office. |
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 | 2. Give ‘em a break to keep ‘em awake. Everyone has a limited attention span. People can take in only so much information before they need a break either from the sound of your voice, the influx of new ideas, or the uncomfortable chair they’re sitting in. Read this before your next team offsite. |
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