🌎 The 2024 #FortuneGlobalForum brought together leaders from the world’s biggest multinational companies to chart the next frontiers of global business. The top minds gathered to share their ideas and lessons with Fortune CEO Anastasia Nyrkovskaya, Fortune Editor-in-Chief Alyson Shontell, #FortuneGlobalForum co-chairs Matthew Heimer, Clay Chandler, and Diane Brady, and many more. We heard from: ➡️ Seven-time world champion Tom Brady  ➡️ Thrive Capital founder Joshua Kushner  ➡️ Actress and founder Brooke Shields ➡️ Former U.S. Secretary of Defense Leon Panetta ➡️ Former U.S. Secretary of State Mike Pompeo ➡️ Target Chairman and CEO Brian Cornell ➡️ PepsiCo CEO Steven Williams ➡️ National Basketball Association (NBA) Commissioner Adam Silver ➡️ Major League Baseball (MLB) Commissioner Rob Manfred ➡️ International Monetary Fund First Deputy Managing Director Gita Gopinath ➡️ AT&T CEO John Stankey …and many more! 🔗 Learn more about our community and the 2025 #FortuneGlobalForum in Riyadh, Saudi Arabia: https://lnkd.in/e_yT4wU8

Jake Paul beat Mike Tyson by unanimous decision in their highly anticipated bout on Friday night, and each fighter likely walked away with tens of millions of dollars. https://lnkd.in/eVbBAmWC But there may have been a huge pay gap between the two. At an Aug. 18 news conference to promote the fight, Paul said, “I’m here to make $40 million and knock out a legend.” Meanwhile, neither Tyson nor fight promoters have disclosed what his payday would be, though some industry experts have put it around $20 million. Read more here: https://lnkd.in/eVbBAmWC

Young people are often looking to experts and executives for financial advice. Executives at #FortuneGlobalForum advised younger people looking to invest to get educated before jumping in head first, with either small amounts of money or on platforms where you don’t have to spend any real money at all. https://lnkd.in/e-ZdWwhA Barclays Group Chief Executive C.S. Venkatakrishnan stressed the importance of young people investing into their future early on and having a long term view of their goals. Executives also warned that those looking to invest should be ready for any outcome, whether it be good or bad. Read more: https://lnkd.in/e-ZdWwhA

Perplexity is debuting new shopping tools that it hopes will make its service a destination for product recommendations—and maybe even actual purchases. The startup is also introducing a visual search feature in its app that lets its paid users find similar merchandise by snapping a photo of an item—much like the “Lens” products offered by Google and Pinterest. The new tools, announced Monday, are part of a major push by Perplexity to be more of a one-stop hub for users and turn the 100 million weekly search queries it handles into a business. But for merchants, retailers, and brands—or even consumers—that want to understand how the company’s AI decides which products to recommend, the startup’s CEO bluntly admitted he doesn’t have the answer. At least not yet. Read more: https://lnkd.in/e9YbEw82

Incoming President Donald Trump’s threat to impose 60% tariffs on all Chinese imports threatens more pain on an China’s already struggling economy. Goldman Sachs predicts that Trump’s proposed 60% tariffs on all Chinese imports will knock two percentage points off of China’s GDP. Swiss bank UBS cut its 2025 China GDP growth forecast to around 4%, down from 4.5%, citing the possibility of U.S. tariffs. Yet despite the economic damage that these tariffs might cause, Fred Hu, founder of Chinese investment firm Primavera Capital Group, advised Beijing to hold back on retaliating to Trump’s trade policy. “If China chooses to retaliate and start a trade war, that’s a lose-lose with global ramifications,” Hu said at the #FortuneGlobalForum. “I would urge the Chinese to stay cool. You should not retaliate.” Read more: https://lnkd.in/eEY_2TZB

When it comes to hiring, Thrive Capital founder Joshua Kushner leans into green-rather than employ senior employees he's looking for Gen Zers and millennials to pave the way.⁠ ⁠ The billionaire founder of venture capital firm Thrive Capital explained his unusual recruitment strategy at the Fortune Global Forum in New York City.⁠ Part of his mentality in hiring more junior workers began with necessity. ⁠ ⁠ The son of real estate mogul Charles Kushner began Thrive at just 26 years old with some extra help from the Princeton Endowment Fund, which provided early funding.⁠ Read more from the #FortuneGlobalForum here: https://lnkd.in/evqdy-CP

“The economy is good, but obviously [Trump] represents a real jolt to the economy in America.” Fresh off of this month's election, former Secretary of State Mike Pompeo and former Secretary of Defense Leon Panetta took the stage at the Fortune Global Forum to share insights on the incoming administration, and how geopolitics can influence global business. In a candid discussion, Pompeo expressed confidence that President-elect Donald Trump’s foreign policy in Ukraine would prioritize ensuring the West’s victory in the ongoing war. Panetta highlighted the risks of Trump’s economic agenda, including a potential surge in national debt, and reflected on missteps by the Democratic Party that contributed to Trump’s election win. See more coverage from the #FortuneGlobalForum: https://lnkd.in/esUVZfx4

The CEO of KFC and Taco Bell China personally sits in restaurants for “two, three hours” watching customers eat—and it’s inspired some of the company’s biggest hits. “So apparently, when kids eat the fried chicken, they eat it with the mashed potato,” she told the #FortuneGlobalForum, adding that Gen Zers were literally dipping their drumsticks into the side dish and then again into the gravy pot. “What we can do with that insight is get rid of the bone,” she said, adding that they went on to launch a boneless “mash potato burger." Read more: https://lnkd.in/eUY-j7yg

Tom Brady told the story of his football career in front of some 200 CEOs at the #FortuneGlobalForum, and it was a detailed tutorial on great performance at a CEO’s job. Decades of research have produced a prescription for excellent performance in any domain, and Brady’s life-long football experience matched that prescription exactly. While everyone’s story is unique, the factors that built Brady’s skills over several years are not. Research has shown that those same factors are the key to world-class performance broadly. It isn’t quick or easy; there is no magic. But what worked for Brady really does work for all of us in all we do. Read more: https://lnkd.in/eeFHJHyK

No need to pretend to be a jack of all trades to get ahead—a manager’s strength lies in admitting what they don’t know, says Taco Bell’s CEO Sean Tresvant. Tresvant, who previously held executive positions at Nike and Sports Illustrated, was promoted to the top job at Taco Bell in January, after just three years at the Yum! Brands chain. He became a trailblazer upon his appointment as the first Black CEO to run the Mexican-inspired fast-food eatery.  “When I transitioned from being the chief brand officer to the CEO, some great advice I got was, don’t try to be a black belt in everything,” Tresvant revealed on LinkedIn’s podcast "This Is Working With Daniel Roth", adding that it was the “biggest surprise” during his transition to leadership. Read more: https://lnkd.in/eHgSKpTT