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Other Developments
A curated list of other prominent stories from this day.
1:00 PMFortune
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
Summary
Bupa's CEO uses a six-hour hiring process that combines tests with informal observations, including what candidates order to drink at lunch. He views these signals as a better measure of confidence and judgment than a conventional one-hour interview.
The decisive shift is from evaluating polished interview answers to observing candidates across extended, less
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Why it matters
Longer interviews can expose real behavior, but informal tests can also institutionalize bias under the guise of better judgment.
Warren Buffett Watch: It's Buffett, not Abel, who appears to be calling the shots on stocks
Summary
Berkshire Hathaway CEO Greg Abel appears to have left the company's equity decisions largely with Warren Buffett and portfolio manager Ted Weschler. The arrangement suggests Buffett still retains substantial influence over Berkshire's stock portfolio despite stepping down as CEO.
Buffett's investment authority has outlasted his formal executive role. That limits the immediate change in
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Why it matters
Berkshire's succession remains incomplete if its most consequential capital-allocation decisions still depend on Buffett.
Meet the sisters who got dumped by their landlords and were down to their last £15,000 before they built an £8 million business
Summary
After their landlords forced them out and they were left with £15,000, two sisters debated whether to shut down or rebuild their venture. They chose to continue and eventually created an £8 million business, despite strong opposition from their father.
The forced loss of their premises became a test of whether the business could survive
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Why it matters
The case illustrates how a sudden property setback can either end a small business or force the strategic reset that enables growth.
The veteran Fortune 500 CEO who turned an 80-year-old AC company into an AI darling
Summary
After reshaping Honeywell, former CEO Dave Cote came out of retirement to back Vertiv, an obscure company with roots in air-conditioning equipment. Vertiv has since emerged as a major beneficiary of the boom in AI data centers.
The decisive shift was Vertiv's move from traditional cooling equipment to critical data-center infrastructure, where
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Why it matters
AI's economic winners increasingly include the industrial suppliers that provide the power and cooling required to run it.