Leadership Next

When Brian Cornell became Target's CEO in 2014, the company was in desperate need of a turnaround. The retailer was plagued by supply chain problems, trying to recover from a major data hack and struggling to compete with e-commerce giants like Amazon.In today's episode of Leadership Next, Cornell talks about some of the key decisions he's made that have led Target to now be ranked number 32 on the Fortune 500, including a particularly unpopular announcement in 2017 that the company would spend $7 billion to rehab Target stores across the country. In the age of Amazon, investors were doubtful that spending money to improve brick and mortar was worthwhile. But today it's clear that investment has paid off. And as Cornell tells hosts Alan Murray and Michal Lev-Ram, despite the rise of online shopping, 73% of retail sales last year took place in physical stores.In today's conversation, Cornell details how consumer spending has changed since the height of the pandemic, and how shoppers seem to be responding to the current economy. He explains why he feels it's so important for Target to improve wages and benefits for store associates. And, he talks about the importance of culture to the company's success.Also in today's episode hear from Fortune Senior Writer Phil Wahba who has been reporting on Target for nearly a decade. Wahba fills us in on the state of Target when Cornell took over and how the CEO's leadership has transformed the company.Explore more of Fortune! Use the promo code LN25 to get 25% off an annual subscription at fortune.com/subscribe.Leadership Next is powered by Deloitte.

May 12th is National Childcare Provider Appreciation day. To show our appreciation for the workers who take care of our kids, Leadership Next is bringing you an episode of Where's My Village? Fortune's podcast about America's childcare crisis and the people who are trying to fix it. You can listen and subscribe to the entire series here.In this episode of Where's My Village?, Fortune senior writer Megan Leonhardt digs deeper into the opportunity for and pros and cons of private investment in childcare.Private investment in childcare companies doubled between 2020 and 2021, and the range of apps, software, products and services investors can put their money into is growing. Many think private dollars have the potential to transform the childcare industry, others think involving private investors is a risky endeavor.Shruthi Jayaram of Dalberg Advisors and Jess Lee of Sequoia Capital talk through why investors have been skeptical of investing in care in the past and what's changed in the past few years.Chris Bennett, the CEO of Wonderschool. discusses his decision to focus on in home providers, how many providers on the Wonderschool platform earn almost triple the national average and his vision for the company's future. Wonderschool is a childcare management platform that works with home-based providers to streamline and grow their businesses.We also hear from home-based providers about the realities of their professions and experts in the field on their concerns about private investment in childcare.

In the spring of 2020, the travel industry ground to a halt due to COVID. Marriott International's business dropped more than 90 percent. Where does the company stand today? CEO Anthony Capuano joins Leadership Next to provide an answer to that question. And yes, the answer does involve "bleisure" travel - the growing trend of combining work and leisure travel.Marriott International is made up of over 8,000 properties across 139 countries. And the company's growing all the time. Just last month, Marriott acquired City Express- a mid size hotel chain with 150 locations across Mexico, Latin America and the Caribbean. Although most of these 8,000 properties are hotels, Marriott International claims to be more than just a hotel company. What does that actually mean? That's another question Capuano answers for hosts Alan Murray and Michal Lev-Ram.Also in this episode: Marriott's continued expansion into the luxury market (including the launch of the Ritz-Carlton yacht), the company's plans for global growth, the success of the Marriott app and how it competes with travel tech companies like Expedia and AirBnb. Lastly, Capuano talks about sustainability at Marriott hotels and social responsibility initiatives like training associates to recognize signs of human trafficking.Explore more of Fortune! Use the promo code LN25 to get 25% off an annual subscription at fortune.com/subscribe.Leadership Next is powered by Deloitte.

Each year Fortune brings together experts from a variety of fields to talk about health care, how it's changing, and the vital role business plays in the industry.Leadership Next hosts Alan Murray and Michal Lev-Ram both attended Fortune's Brainstorm Health event and today they're sharing some of their favorite conversations with you.U.S. Surgeon General Dr. Vivek Murthy explores the consequences of America's mental health crisis. Olympic athlete turned entrepreneur Apolo Ohno shares how he stays healthy. Vice Chair of the Clinton Foundation Chelsea Clinton and reproductive rights activist Professor Loretta Ross explain why all of us need to start paying more attention to Black women's maternal health. Twitter's favorite doctor, Dr. Robert Wachter, talks about the pandemic accelerating our adoption of digital health and several voices weigh in on A.I.'s potential to solve some of healthcare's most pressing problems. Explore more of Fortune! Use the promo code LN25 to get 25% off an annual subscription at fortune.com/subscribe.Leadership Next is powered by Deloitte.

In 2019, Moderna reported revenues of sixty million dollars. By 2022 it was number 195 on the Fortune 500 with over $18 billion in revenue. This meteoric rise was due to Moderna's development of one of the major COVID-19 vaccines. Now, thankfully, the height of the pandemic has passed and the need for these vaccines is far less urgent. There is something to be said about your marquee product being less useful because people are healthier, but where does Moderna go from here? And how will its CEO Stéphane Bancel help it get there?In this episode of Leadership Next, Bancel talks with hosts Alan Murray and Michal Lev-Ram about the other uses for Moderna's proprietary mRNA platform - including potential vaccines for cancer and H.I.V. Bancel also discusses Moderna's controversial plan to start charging as much as $130 a dose for the COVID-19 vaccine once the U.S. ends the pandemic public health emergency on May 11th.Explore more of Fortune! Use the promo code LN25 to get 25% off an annual subscription at fortune.com/subscribe.Leadership Next is powered by Deloitte.

In this episode of Leadership Next, Alan Murray is joined by his new co-host Fortune Editor-at-Large, Michal Lev-Ram. In Lev-Ram's first episode, she and Murray speak to Christa Quarles of Alludo. Alludo, formerly known as Corel, is a software company whose products enable people to work from anywhere. Quarles became the CEO of Alludo in 2020, after stints as the CEO of OpenTable and the SVP of Interactive Games at Disney.They start the episode recapping a legendary moment at a 2017 Fortune conference where Quarles literally called B.S. on a claim that women in business don't support each other. Quarles then shares what progress she's seen made for women in tech over the past six years and how she reached 50/50 gender parity in hiring at OpenTable. Qaurles also discusses how Alludo is trying to compete with software like Canva and Asana, the state of remote work, her "management by Haiku" leadership approach and the process of rebranding Alludo from Corel. Stay tuned until the end of the episode to hear Alan and Michal read their original Haikus!Explore more of Fortune! Use the promo code LN25 to get 25% off an annual subscription at fortune.com/subscribe. Leadership Next is powered by Deloitte.

When Vicki Hollub was named CEO of Occidental Petroleum in 2016, she became the first woman to lead a major oil and gas company. In the years since she's brokered some big acquisitions, brought on Warren Buffett as a major investor and produced record returns for shareholders.But the savvy Leadership Next listener wants to know: can you do all of that AND truly care about sustainability? Hollub says not only is it possible, it's essential that energy companies focus on their climate impact. In today's episode, recorded live at Deloitte University in Dallas, Texas, Hollub tells hosts Alan Murray and Ellen McGirt all about OXY's plans to build out a carbon capture business and why this makes strategic sense for the company.Also in today's episode: details on how the controversial deal to buy Andarko Petroleum came to pass, how employee expectations around the CEO role have changed, and why Hollub never thought she would become CEO.Explore more of Fortune! Use the promo code LN25 to get 25% off our annual subscription at fortune.com/subscribe.

Mark Newman is the second CEO of Chemours, a chemical company that spun out of DuPont in 2015. Chemours is now a global company with almost 7,000 employees, $7 billion in revenue and has three industry-leading businesses. Chemours may be best known for producing Teflon, a chemical coating associated with non-stick surface on pots and pans. Teflon is also considered a polyfluoroalkyl substance. Polyfluoroalkyl substances (better know as PFAS) are a class of chemicals considered “forever chemicals” meaning they don’t break down in the environment, and are linked to a number of health problems. Production of some of these chemical has landed Chemours in legal and regulatory trouble in the past, but Newman thinks Chemours can right its past environmental wrongs and has worked to weave sustainability into the company's next chapter.In this episode of Leadership Next, Newman talks with host Alan Murray about how Chemours is addressing these legacy issues while pushing back against claims of greenwashing. Newman explains how the company's chemicals work in consumer products like mobile phones and how its products are striving to solve the EV battery challenge. He also talks about hydrogen production and hydrogen's potential as an energy source.Later in the episode, host Ellen McGirt talks with Dr. Maria Doa, the Senior Director of Chemicals Policy at the Environmental Defense Fund, about the impact of PFAs and if they can ever be made responsibly.

Zipline is the world’s largest commercial drone delivery system. Since the company’s founding in 2014, Zipline’s autonomous electric aircrafts have delivered hundreds of thousands of packages to people around the world. It's planning to complete 1 million deliveries by the end of 2023. Most of the packages the Zips have delivered include vital items like medicine, vaccines and PPE. Zipline's first distribution center opened in Rwanda in 2016 and it has since expanded into Ghana, Nigeria, Kenya, Côte d'Ivoire, Japan, and the U.S.Keller Rinaudo Cliffton is Zipline's co-founder and CEO. In today's episode of Leadership Next, Rinaudo Cliffton joins hosts Alan Murray and Ellen McGirt to share why Zipline started with drone delivery to hospitals in Rwanda seven years ago, and how the company has grown. He explains why launching as a business, not a philanthropy, was essential. He also talks about Zipline's partnership with Walmart, delivering to shoppers in Arkansas, and the company's plans for expansion into the consumer delivery market.Later in the episode, hear from Fortune Senior Writer Jessica Matthews who visited Walmart's drone delivery site in Pea Ridge, AR back in 2021. Matthews tells us more about the state of the drone delivery market, where it’s going and what challenges it's facing.

Prudential Financial was founded in Newark, N.J. in 1875 with the goal of providing insurance to everyday American families. Almost 150 years later, Prudential has offices all over the world and now provides investment management and other financial services along with insurance.In this episode of Leadership Next, Prudential CEO Charlie Lowrey joins hosts Alan Murray and Ellen McGirt to talk about how this legacy insurance company (one of the oldest companies we've ever had on Leadership Next!) is transforming to stay relevant in a rapidly changing world.Lowrey also shares why the company is committed to remaining in Newark and why it has contributed over one billion dollars to the city. He also discusses his perspective on ESG, his dedication to making Prudential a fully inclusive workplace and his journey from being an architect to leading one of the world's largest financial services companies.Explore more of Fortune! Use the promo code LN25 to get 25% off our annual subscription at fortune.com/subscribe.