Economics/Class Relations

50 companies that are changing the world

Fortune

Earlier this week, I attended Fortune‘s 24th Most Powerful Women Summit in Laguna Niguel, Calif. It was electric, buzzing with top executives across venture, politics, finance, and technology.

In a conversation with Marne Levine, Meta’s chief business officer and highest-ranking woman, we discussed Mark Zuckerberg’s metaverse future and how she is trying to maintain employee morale during the company’s first-ever slowdown.

“People at Meta—they genuinely have this mindset, which is that things are going to change and evolve,” Levine told me. “If you’re not comfortable with that, it’s probably not the right place for you.”

I also had the opportunity to speak with Congresswoman Liz Cheney, who is focused on making sure Donald Trump never gets near the White House again. She thinks business executives have an obligation to help.

“Democracy is on the ballot this fall,” Cheney told me when discussing the number of election deniers running for office. “Like all voters, corporate America has a real responsibility to be clear about the kinds of politics that they’re going to reward and incentivize and the kinds of leaders they’re going to reward and incentivize.”

Outside of MPW, Fortune released its eighth annual Change the World list, recognizing companies that are doing well by doing good. Topping the charts was PayPal, in particular for leaping into action after Russia invaded Ukraine.

See the entire list of companies and their impact, below.

Change the World 2022

 

This year marks the eighth edition of Fortune’s annual list dedicated to the idea that business is uniquely suited to address society’s biggest challenges. See the companies making a difference.

BY FORTUNE EDITORS

OCTOBER 10, 2022

 
Fortune’s top trending stories:

TECH

How Silicon Valley’s retail revolution withered. Eight years after Allbirds and Glossier were born, VC investors say direct-to-consumer is dead

The direct-to-consumer model revolutionized e-commerce, launching many companies to star status. But now investors are pulling back in a crowded field full of DTC brands.

SUCCESS

Managing Gen Z is like working with people from a ‘different country’

It can feel like battle lines are being drawn in the workplace, as a younger generation—shaped by the pandemic—enter the workforce and demand more from their bosses.

The dark side of remote work shows it’s not as great as it appears

The same thing that makes remote work attractive to some workers is causing an inordinate level of stress and angst around their financial future.

FEATURES

A 40-year-old IT entrepreneur solved his midlife crisis by launching a space junk startup that pioneered a $14.3 billion industry

Another man’s space junk is another man’s $300 million business opportunity, or so it is for this former Japanese tech giant.

FINANCE

A small fund wagered that Elon Musk would be forced to buy Twitter—and made a killing by betting against the crowd

The founders of Bireme specialize in finding situations where “cognitive biases” cause a stock to sell either well above or far below its fundamental value. Twitter fit the bill.

LEADERSHIP

How Yelp is using ERGs to foster connections between remote employees

Yelp’s chief diversity officer says going fully remote has helped the company connect with more diverse employees and helped the company act on its diversity initiatives.

Fortune‘s Quarterly Investment Guide 

Stocks are down. Bonds are down. Crypto is down. Real estate is down. We won’t mince words, 2022 has been brutal for investors in, well, just about everything. But as seasoned investors know, steep drops spell opportunity. This quarter we’ve rounded up a slew of areas to bet on—from fixed income to steadily rising stocks—that taken together could make 2023, dare we say, not such a downer.
See the Quarterly Investment Guide
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60 recession-resilient stocks to own right now
Where to invest now: The 8 best stocks to buy for 2023
10 IPOs to bet on in 2023—if the pipeline opens up
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