Alyson Shontell

Editor-in-Chief

Despite revenue being essentially flat (growing only 0.1% year over year), the Global 500 companies had their second-most profitable year ever, minting $2.97 trillion in profits—Saudi Aramco (No. 4) being the most profitable with No. 7 Apple coming in second.

This year’s list also saw the U.S. overtake Greater China for the region with the highest concentration of Global 500 companies—Greater China has held that title since 2018. U.S.-based Global 500 companies accounted for a third of all revenue on the list and generated 6% more revenue than the year prior. Find the full list here.

Also, this week, Fortune writer Lila MacLellan has a piece on Tyson Foods CFO John Randal Tyson, the youngest CFO in the Fortune 500 and who was thought to be the meatpacker’s next CEO. But his drunken and erratic behavior has landed him in police custody twice in less than two years and may have also cost him the top job. Read her story here.

Fortune Global 500: The world’s largest companies

LEADERSHIP

The youngest Fortune 500 CFO was set up to run his family’s $21 billion chicken empire. His erratic behavior could change that

John Randal Tyson was seen as next in line to lead the 89-year-old firm. Then he was arrested for the second time in two years.

How leaders jeopardize their climb up the corporate ladder

Relentless skills-building is the new secret to the corner office.

6 ways you can land a job in a cooling labor market

HR experts from PwC, Hilton, and Moderna say these are the ways to stand out to employers.

Bosses are losing the ‘return-to-office’ war as the WFH pajama army forces them to go hybrid

Despite all the noise around bosses ditching remote working for good, the world’s largest hybrid workspace provider International Workplace Group has reported record revenue.

TECH

Forget Apple, the biggest loser in the Google search ruling could be Mozilla and its Firefox web browser

Mozilla generated 86% of its revenue from Google search engine payments.

Companies will need to close three gaps if they want to make AI useful

“There’s a lot of excitement about AI, but translating that into business outcomes is not easy,” said Debanjan Saha, CEO of DataRobot.

FINANCE

The trillion-dollar metro club just got bigger

The number of trillion-dollar metros doubled in a year, lifting the housing market’s value to an all-time high.

Gen Z is going sober—and powering the $565 million NA industry

Over the past two decades, the percentage of those 18 to 34 who say they occasionally have an alcoholic drink has fallen from 72% to 62%.

RETAIL

Luxury gyms are changing how we exercise—and how we live

These gyms charge high membership fees and require huge spaces but they’re pitching consumers on a holistic lifestyle that keeps them coming back.

WELL

5 simple tips to stay hydrated this summer

Drinking plenty of water to stay hydrated is doubly important on the hottest days of the year. These expert tips will make it easier.

AI scared people in the 1960s too

Leadership Next: How cybersecurity became a top priority for business leaders

Every week, get strategies and advice from recruiters, researchers, and other experts on what it takes to make it to the corner office.

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