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Wanted: grown-up tech CEOs, not thrill-seeking bros

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Sat, Mar 16, 2024 12:01 PM

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No one wants a boss that's an adrenaline junkie. This is the Weekend Edition of Bloomberg Opinion To

No one wants a boss that's an adrenaline junkie. [Bloomberg]( This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can [sign up here](. [Tech CEOs Are Addicted to Taking Needless Risks]( — Beth Kowitt Source: Instagram There’s a new law of the land taking root in Silicon Valley: the more technology makes us laypeople replaceable, the more the technocrats building it are considered indispensable. That’s been good for the tech titans, many of whom are among the richest in the world and have watched their wealth and power grow alongside the rise of new tools like artificial intelligence. But it’s been more complicated for the companies they rule, saddling them with what’s known as key-person risk — when a single individual’s very existence is tied to an organization’s performance and value. And as if that wasn’t perilous enough, there’s something else going on with these so-called key people: they just can’t seem to stop taking risks. Read the [whole thing](. [Global Population Crash Isn't Sci-Fi Anymore]( — Niall Ferguson [Chip Titan ASML Suffers New Strain of ‘Dutch Disease’]( — Lionel Laurent [Nvidia vs. Cisco — A Bubble by Any Other Metric]( — John Authers [Vanke, the Developer That Will Break China’s Back]( — Shuli Ren [Why It Feels Like Everyone Drives a New Porsche 911]( — Chris Bryant [‘Maestro’ Didn’t Win an Oscar. Is Netflix Paying Attention?]( — Jason Bailey [The Kate Middleton Mess Should Terrify Brands on Social Media]( — Beth Kowitt [Oh Canada, Your Economy Is Better Than You Think]( — Tyler Cowen [Is the World Close to Collapse? Ask the Bronze Age People]( — Andreas Kluth More From Bloomberg Opinion Here’s what we’ve been watching this week. - Elon Musk is leaving California, but Justin Fox says [a millionaire tech exodus]( isn’t as big of a deal as you think. - Sarah Green Carmichael chats with Parmy Olson and Dave Lee about [the TikTok bill]( that’s racing through Congress. - Vertical video can survive in Instagram Reels, but Kyla Scanlon worries that [TikTok’s magic won’t]( transfer. - Jonathan Levin breaks down [the latest inflation data]( with Karl Smith and Stephanie Roth. Follow Us Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. Want to sponsor this newsletter? [Get in touch here](. You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox. [Unsubscribe]( [Bloomberg.com]( [Contact Us]( Bloomberg L.P. 731 Lexington Avenue, New York, NY 10022 [Ads Powered By Liveintent]( [Ad Choices](

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