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<ul class="summary-list"><li>Chief, a networking and growth organization for executive women, has cut staff.</li><li>The layoffs primarily impacted tech and admin roles, a spokesperson confirmed to BI.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/photos-see-alphabet-backed-members-only-club-nyc-women-executives-2022-7">Chief</a>, a networking organization for women in executive positions, has cut staff across the company in a restructuring effort.A spokesperson for the company confirmed the move in response to an inquiry from Business Insider, saying it would give Chief "more agility" moving forward."We did announce a restructuring last week that primarily impacted our technology and administrative functions. Like many companies, we are balancing growth and profitability," the spokesperson said in an email, adding that the company was striving to support the affected employees.Chief describes itself as the nation's largest network of senior executive women. In a recent press release, the company said its members — 40% of which are C-suite executives — represent over 10,000 companies.Cofounders Carolyn Childers and Lindsay Kaplan launched <a target="_blank" class="" href="https://www.businessinsider.com/female-ceos-chief-private-network-mentorship-coaching-lessons-nyc-2019-1">the leadership development organization</a> in 2019 with a mission to support women in senior positions and help them "maximize their leadership impact."In March 2022, the company announced it had secured $100 million in Series B funding led by CapitalG, Alphabet's independent growth fund, which brought Chief's total valuation to $1.1 billion. Months later, in October of 2022, the company said it would expand to the UK, with a London office opening in January 2023.More recently, the company has faced setbacks.In April 2023, Chief laid off 14% of its staff during what the founders called in an email to staff a "challenging macroeconomic environment," TechCrunch reported at the time.Then, this January, the company said it would close its London offices, withdrawing from its international expansion to refocus on the American market."While this was not an easy decision, we ultimately determined that focusing solely on our US operations, where the vast majority of our members (over 95%) are based, is the best next step for our business," the company said in a press release at the time.The spokesperson said the most recent restructuring will allow Chief to "focus on recently launched member experiences," such as its executive coaching and executive education programs, which range in price from $5,900 to $10,900, according to Chief's website."Our vision remains the same — to build the most powerful network of executive women and maximize their leadership impact," the spokesperson said.

Chief, the networking group for executive women, has laid off staff

<ul class="summary-list"><li>Trump has tapped Pete Hegseth, an Army veteran and Fox News host, to be secretary of defense.</li><li>BI reviewed Hegseth's past statements for clues on how he might lead the Defense Department.</li></ul>US President-elect <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11">Donald Trump</a> has tapped Pete Hegseth, a Fox &amp; Friends host and US Army National Guard veteran, to be secretary of defense.Hegseth is a combat veteran and conservative commentator who gained clout during Trump's first term and successfully <a target="_blank" class="" href="https://www.businessinsider.com/trump-listened-fox-host-pete-hegesth-over-his-secretary-defense-2019-11">pushed for</a> pardons and rank reinstatement in three war crimes cases over the objections of top military officials. He has been skeptical of the US's support for the NATO alliance and an embattled <a target="_blank" class="" href="https://www.businessinsider.com/trump-pentagon-pick-pete-hegseth-criticized-us-involvement-ukraine-aid-2024-11">Ukraine</a>, while advocating for full support for Israel.Trump announced Hegseth's nomination on Tuesday night, calling him a "warrior for the troops and country" and a "true believer in America First." His selection is a sign Trump is focused on purging the military's top ranks of purported "woke generals," along the lines of the external "warrior board" reviews first <a target="_blank" class="" href="https://www.wsj.com/politics/national-security/trump-draft-executive-order-would-create-board-to-purge-generals-7ebaa606?mod=national-security_news_article_pos3">reported</a> by The Wall Street Journal.Hegseth was considered for Veterans Affairs secretary during Trump's first term and faced pushback from veterans group leaders. This time is no different."Hegseth is undoubtedly the least qualified nominee for SecDef in American history. And the most overtly political. Brace yourself, America," Paul Rieckhoff, the founder of Independent Veterans of America, <a target="_blank" class="" href="https://x.com/PaulRieckhoff/status/1856502867126857911">said</a>.<div type="image" title="Pete Hegseth" height="2555" width="3600" msid="115272720" hostid="261" sizebytes="482454"></div>Hegseth is a Fox News fixture known for his military service and weighing in on culture war controversies. He served in Iraq and Afghanistan but has less leadership, national security, and Department of Defense experience than Trump's former defense secretaries."I confess I didn't know who he was until 20 minutes ago," Rep. Adam Smith, the top Democrat on House Armed Services, told reporters Tuesday night. Adam Kinzinger, a former lieutenant colonel in the Air National Guard and a Republican who left Congress after clashing with Trump, said the <a target="_blank" class="" href="https://x.com/AdamKinzinger/status/1856491538920157477">nomination</a> is "the most hilariously predictably stupid thing."Hegseth was among a group of US National Guard members who had their orders<a target="_blank" class="" href="https://x.com/JimLaPorta/status/1856492437402947704"> to secure then President-elect Joe Biden's inauguration</a> revoked after the January 6 insurrection. Hegseth said on "The Shawn Ryan Show" he was dismissed because he was "deemed an extremist" over his tattoo of a Jerusalem cross; he also has a tattoo of a Christian motto that dates to the Crusades and has been adopted by the alt-right.When asked for comment, the Trump transition team referred Business Insider to Trump's announcement. Hegseth didn't respond to BI's request for comment on Wednesday.If Hegseth is confirmed, he'll come to the Pentagon at a perilous time for a <a target="_blank" class="" href="https://www.businessinsider.com/conflicts-and-tensions-the-next-president-could-face-2024-9">US military stretched thin by conflicts and tensions across the world</a>. Here's where he stands on some key issues.<h2 id="e801149c-517d-4369-944b-247efc37a121">Hegseth has criticized women serving in combat roles and diversity in the military</h2><div type="image" title="U.S. Army Spc. Sammantha Ohm assigned to 5th Squadron, 1st Calvary Regiment, Delta Co, 1st Infantry Brigade Combat Team, 11th Airborne Division pulls security on the M2HB .50-caliber machine gun during the Joint Pacific Multinational Readiness Center 24-02 exercise at Donnelly Training Area, Alaska, Feb. 17, 2024." height="4219" width="6329" msid="115272725" hostid="261" sizebytes="885108"></div>During a recent interview on <a target="_blank" class="" href="https://www.youtube.com/watch?v=DoN5ovwB8s4">"The Shawn Ryan Show" podcast</a>, he said women serving in combat roles hurt the military. "Everything about men and women serving together makes the situation more complicated, and complication in combat, that means casualties are worse," Hegseth said, adding that minority and white men can perform similar tasks that women can't. By allowing women to serve, "we've changed the standards in putting them there, which means you've changed the capability of that unit." <a target="_blank" class="" href="https://www.businessinsider.com/women-in-us-military-history-2019-2">All US military combat roles opened to women in 2015</a>.Hegseth is highly critical of "woke" diversity and equity policies. "The dumbest phrase on planet Earth in the military is our diversity is our strength," he said on "The Shawn Ryan Show," adding, "Any general that was involved, any general, admiral, whatever, that was involved in any of the DEI/woke shit has got to go."He has called for shifting away from diversity and inclusivity in the US military, whose highest ranks remain overwhelmingly male and white. Branches of the military face issues fulfilling recruitment goals, specifically with <a target="_blank" class="" href="https://www.military.com/daily-news/2024/06/14/armys-recruiting-problem-male.html#:~:text=Since%202013%2C%20male%20enlistments%20have,around%2010%2C000%20recruits%20each%20year">lower numbers of white male recruits in recent years</a>.<h2 id="0522ec27-5fc0-47a0-81ea-2e4fe1dd158a">Hegseth is critical of NATO and has flip-flopped on Ukraine</h2><div type="image" title="A tank sitting on a barren grassy field fires with a cloudy grey sky in the background." height="5504" width="8046" msid="115272714" hostid="261" sizebytes="1688200"></div>Hegseth has echoed a growing opinion among Republicans that questions <a target="_blank" class="" href="https://www.businessinsider.com/trump-pentagon-pick-pete-hegseth-criticized-us-involvement-ukraine-aid-2024-11">whether it's in the US's interest to support Ukraine's war of self-defense against Russia or the larger security of America's European allies</a>. He's also said Ukraine's war for its existence pales in comparison to the war on "woke" in America.In February 2022, Hegseth defended Trump's controversial comments describing Russian leader Vladimir Putin's invasion of Ukraine as "savvy" and "genius," suggesting Trump was just attempting to "troll" American media. Throughout the war, Hegseth has shifted stances, calling Putin a "war criminal" and <a target="_blank" class="" href="https://www.youtube.com/watch?v=wxDe0KtJJio">criticizing Biden for not getting Ukraine military aid quickly enough</a>. He told Fox News in March 2022, "What's at stake is repelling an authoritarian who basically is saying 'I want the Soviet Union back, I want Ukraine back, I want Kyiv back.'" He has <a target="_blank" class="" href="https://www.businessinsider.com/trumps-nato-views-threaten-key-to-alliances-strength-article-5-2024-2">criticized the NATO alliance</a>, saying the <a target="_blank" class="" href="https://www.businessinsider.com/these-nato-frontline-countries-are-readying-for-war-with-russia-2024-3">US's European allies need to lead efforts to defend their borders</a>. In his recent book, "War on Warriors," Hegseth called some NATO allies "outdated, outgunned, invaded, and impotent." He wrote,"Why should America, the European 'emergency contact number' for the past century, listen to self-righteous and impotent nations asking us to honor outdated and one-sided defense arrangements they no longer live up to?"<h2 id="71858f8f-1362-4561-81bc-a85b00383c38">He's a staunch supporter of Israel </h2><div type="image" title="Trump with Israeli Prime Minister Benjamin Netanyahu in 2020." height="1500" width="2250" msid="115272721" hostid="261" sizebytes="198048"></div>Hegseth has repeatedly advocated for Israel, including in his coverage of the war in Gaza. He has supported <a target="_blank" class="" href="https://www.businessinsider.com/us-navy-burns-through-key-missiles-needed-for-china-fight-2024-10">Israel striking back against Iran and its proxies</a> and pushed against calls for a cease-fire.He interviewed Israeli Prime Minister Benjamin Netanyahu earlier this year, asking about Trump's support for Israel during his first term. And in November 2023, he criticized pro-Palestinian protesters demonstrating in Washington. In a 2016 interview, he said Israel wasn't "a historical land that can be dismissed," emphasizing <a target="_blank" class="" href="https://www.timesofisrael.com/trump-taps-fox-news-host-who-said-us-must-stand-by-strong-ally-israel-to-head-pentagon/">how important it is for the US to stand by Israel as its ally</a>. <h2 id="ccea315c-2018-4c38-94b7-711ee1d6d51a">Hegseth's stance on China is murky</h2>China could be a top priority for Hegseth if he's confirmed. The Pentagon has called China its "pacing challenge" and has raised alarms on <a target="_blank" class="" href="https://www.businessinsider.com/us-military-china-missile-problem-getting-worse-2024-5">Beijing's meteoric military growth</a>. On "The Shawn Ryan Show," Hegseth said China was "building an army specifically dedicated to defeating" the US, pointing to how its <a target="_blank" class="" href="https://www.businessinsider.com/us-and-japan-teaming-up-to-defeat-hypersonic-missiles-2024-5">hypersonic missiles</a> could take US aircraft carriers out quickly in a conflict as a major concern. <div type="image" title="Chinese aircraft carriers Liaoning and Shandong in formation exercise in the South China Sea in late October 2024." height="2907" width="4948" msid="115272712" hostid="261" sizebytes="1330486"></div>His comments on China's economic influence echo Trump's talking points. "They want to corner the market completely on the technological future. We can't even drive our cars without the stuff we need out of China these days. So China has a full spectrum long-term view of not just regional but global domination and we have our heads up our asses," he said on the podcast. If confirmed, Hegseth would lead the Defense Department at a pivotal moment in the Asia-Pacific region. The US has assessed that <a target="_blank" class="" href="https://www.businessinsider.com/red-flags-tell-us-when-chinas-ready-to-invade-taiwan-2024-4">China wants its military ready to seize Taiwan by 2027</a>, and that US military forces need to be ready for a potential conflict with China by then.

How Trump's Army veteran pick for Pentagon chief, Fox & Friends' Pete Hegseth, sees the world

<ul class="summary-list"><li>Jon Steinlauf, Warner Bros. Discovery's top ad salesman, will leave at year's end.</li><li>Warner Bros. Discovery faces challenges with a $9.1 billion writedown and lost NBA rights.</li></ul><a target="_blank" href="https://www.businessinsider.com/warner-bros-discovery-ad-sales-chief-jon-steinlauf-top-execs-2023-5">Jon Steinlauf</a>, Warner Bros. Discovery's top ad salesman, will leave the media company at the end of the year, according to an internal memo from Bruce Campbell, WBD's chief revenue and strategy officer, that was shared with Business Insider. The memo stated the move was Steinlauf's decision. No replacement was named; the company said it would perform a search to find Steinlauf's successor and that he would stay in place until that time.Whoever gets the job will inherit a big TV portfolio including CNN, HBO, and Turner, but also a slew of headaches. Warner recently took a $9.1 billion writedown due to the declining value of its TV business, and just lost its most valuable sports rights, the NBA, to Comcast's NBCU and other rivals. On the other hand, there's <a target="_blank" class="" href="https://www.businessinsider.com/legacy-media-ad-hiring-tear-to-fix-declining-business-2024-9">no shortage of top ad salespeople available</a> for hire after painful <a target="_blank" class="" href="https://www.businessinsider.com/media-layoffs-rattle-netflix-nbcu-roku-vice-buzzfeed-wbd-disney-2022-12">consolidation cost cuts</a> across legacy media companies like Disney and Paramount (and WBD, for that matter). WBD also could pick someone from inside its ranks; it recently elevated a few salespeople <a target="_blank" class="" href="https://www.businessinsider.com/warner-bros-discovery-ad-sales-chief-jon-steinlauf-top-execs-2023-5#marybeth-strobel-6">including Marybeth Strobel and Ryan Gould</a>.Among insiders, speculation has been building for a while that Steinlauf would be hanging it up before long. The longtime lieutenant of <a target="_blank" href="https://www.businessinsider.com/warner-bros-discovery-merger-compete-netflix-disney-streaming-david-zaslav">CEO David Zaslav was charged with helping rebuild the company</a> after multiple rounds of layoffs and cost cuts following Discovery's acquisition of WarnerMedia. Steinlauf had to tie together disparate assets like WarnerMedia's CNN and Turner Sports with Discovery's lifestyle fare like "Shark Week" and "90 Day Fiancé" for ad buyers, a challenge made harder by a soft ad market and declining linear TV ratings. He also presided over a <a target="_blank" href="https://www.businessinsider.com/warner-bros-discovery-merger-ad-sales-integration-layoffs-restructure-2022-10">messy integration</a> of two sales organizations, steep staff cuts, and a <a target="_blank" class="" href="https://www.businessinsider.com/warner-bros-discovery-ad-chief-jon-steinlauf-reveals-upfront-plans-2023-5">tough 2022 TV upfronts period</a>, the time when networks do their biggest deals of the year. Steinlauf <a target="_blank" href="https://www.businessinsider.com/warner-bros-discovery-ad-chief-jon-steinlauf-reveals-upfront-plans-2023-5">admitted</a> at the time that the company was ill-prepared and left money on the table.Steinlauf led Discovery's ad sales business since 2018 under Zaslav pre-merger, having joined Discovery through its acquisition of Scripps Networks.Read the memo about Steinlauf's departure from the company below:

Warner Bros. Discovery's advertising chief is leaving. Read the memo sent to staff.

<ul class="summary-list"><li>Google's Workspace leader Aparna Pappu is stepping down, per an internal memo.</li><li>Jerry Dischler, president of Google's cloud applications, will lead Workspace moving forward.</li></ul>Google Workspace is undergoing a leadership shuffle.Aparna Pappu, vice president and general manager of the unit, is stepping down, and Jerry Dischler, president of cloud applications, is taking charge of the group. Pappu has led the unit since July 2022, when she replaced Javier Soltero, former head of Workspace and Microsoft veteran."I'm ready for the next opportunity at Google and stepping down from my current role as GM of Workspace," Pappu told staff in a memo last week, which was viewed by Business Insider.Pappu said she would remain in an advisory position for Workspace before transitioning to a new role within Google.She said her senior reports, including Anurag Agarwal, Google Workspace's vice president of engineering, and Yulie Kwon Kim, vice president of product, would now report to Dischler. Pappu had previously reported up to Dischler.Dischler moved to a new role as Google's president of cloud applications earlier this year after 15 years working on Google's ads. Reporting to Google Cloud CEO Thomas Kurian, Dischler's role heavily centers on integrating AI into customers' businesses.A Google spokesperson confirmed the change, saying in a statement, "After more than six years working on Workspace, Aparna Pappu is ready for her next challenge at Google and will be moving to a new role."In addition, Google has appointed Precisely's former chief revenue officer Pat McCarthy as its new head of Workspace sales, according to a person with knowledge of the matter and an internal org chart reviewed by Business Insider. The role was previously held by Bob Frati, <a target="_blank" class="" href="https://www.businessinsider.com/google-workspace-robert-frati-left-ai-gemini-2024-8">who BI first reported had departed earlier this year</a>.The shake-up comes at a critical time for Google's Workspace business as it tries to get customers to pay for new generative AI features. It competes with Microsoft's Office 365 Suite, which offers its own Copilot AI features and<a target="_blank" class="" href="https://www.businessinsider.com/microsoft-mustafa-suleyman-ai-copilot-update-reviews-2024-10"> has so far heralded uneven results</a>.Google is racing to convince customers they should use Gemini tools instead. It held an internal competition for employees to pitch ideas for AI "prompts" that customers may find useful, <a target="_blank" class="" href="https://www.businessinsider.com/google-workspace-ai-prompts-gemini-2024-7">according to internal documents seen by BI</a>.Pappu, who previously led these efforts, acknowledged the work around AI in her memo last week."That's really the best feeling of all — when your team has 'got this,''" she wrote. "And we've especially got this AI thing — we know what we need to do and we're razor focused on execution."With all that in mind, I knew it was time for something new for me."Are you a current or former Google employee with more to share? Got a tip? You can contact this reporter securely on Signal at hughlangley.01 or email at <a target="_blank" href="mailto:hlangley@businessinsider.com">hlangley@businessinsider.com</a>.

Google Workspace chief is stepping down, leaked memo shows

<ul class="summary-list"><li>The chief AI officer is a developing C-suite position that leads a company's AI strategy.</li><li>The AI chief at Golin, a PR agency, said his role was created to help the company integrate AI.</li></ul>Companies worldwide are <a target="_blank" class="" href="https://www.businessinsider.com/technology-executives-on-artificial-intelligence-applications-role-of-cto-cio-2024-9">using AI to enhance their efficiency and creativity</a>. Golin, a global public-relations agency, is embracing this transition with the ambitious goal of becoming the world's first fully AI-integrated PR agency by 2026.Jeff Beringer, Golin's newly appointed <a target="_blank" class="" href="https://www.businessinsider.com/chief-artificial-intelligence-officer-job-skills-required-2024-5">chief AI officer</a>, said he hoped to weave AI into every facet of the company's operations. He told Business Insider that the company was in the "phase of enablement" as it rolls out AI-powered tools to employees and strategizes how to use AI with clients. Golin partners with companies such as Adobe to access their AI services and also develops more niche solutions in-house.Beringer, who's worked at Golin for over 20 years, stressed that public relations would always require a human touch. He said Golin wasn't looking to use AI for automation but for "intelligence augmentation."The following has been edited for clarity and length.The role of chief AI officer is new for Golin, and you're the first to have the title. Why did the company see the need for a CAIO?Our journey with AI began over two years ago when we started an incubator to explore how <a target="_blank" class="" href="https://www.businessinsider.com/top-artificial-intelligence-customer-experience-business-applications-2024-5">new technologies could enhance our work </a>for clients. We realized that the changes in AI are happening much faster than anticipated.Our executive leadership team asked ourselves, if we were starting this 70-year-old agency from scratch today, would it look the same? The answer was probably not.So we made a transformation plan to become the first fully AI-integrated global PR agency by the start of 2026. By fully integrated, we mean that every employee, regardless of role, specialty, or seniority, will benefit from AI's assistance.That's a lot of change in a short time, and my role spun out of that ambition. As the chief AI officer, my job is to <a target="_blank" class="" href="https://www.businessinsider.com/what-the-ai-revolution-means-for-business-2024-5">orchestrate that change</a> by working with other leaders at Golin and with our clients.What specific steps has Golin made toward achieving the goal of becoming fully AI-integrated by 2026?We've mapped out a detailed plan that unfolds in phases, almost quarterly. The first step was setting the right ambition and making sure everyone in the organization understands it, and we've done that.Currently we're in the phase of enablement. We've identified the right tools for core jobs across our organization and are building or licensing the best technology to support them.We're also working with client partners to test these tools. For example, with Grubhub, we're <a target="_blank" class="" href="https://golin.com/2024/11/04/ai-in-pr-lessons-from-golin-and-grubhubs-special-delivery-campaign/">exploring how AI can improve our work</a>, from research and insights to creative content production.Can you share details about the specific AI tools, software, and services Golin is using?Our philosophy is to remain flexible and not get boxed in with specific providers. That said, we have partnerships with companies like Adobe. Adobe's Firefly technology, for example, is transformative for creative work.Besides partnering, we develop products internally. We've created a solution for influencer vetting. Using AI, we can analyze up to 10 years' worth of an influencer's online presence to identify potential risks. Before, that was both time-consuming and less thorough.We also use <a target="_blank" class="" href="https://www.businessinsider.com/ai-surveillance-detects-emotion-at-work-gets-you-fired-2023-11">AI for emotive content testing</a>. Traditionally, content testing involved expensive and time-consuming focus groups. Now we use AI and facial-recognition technology to gauge real-time emotional reactions to content that hasn't been published yet.Does Golin have an engineering team on staff to develop these solutions?We have developers, but we're not a technology company. Our strategy is to work with the best partners out there.However, we're adding depth in areas like data science and data architecture because there's immense opportunity in leveraging the data we generate daily. We're hiring in these areas to better synthesize data and make more informed decisions with AI assistance.Importantly, we're not trying to replace people with server farms. Instead of AI and automation for everything, we're at intelligence augmentation. What our clients really want is a great human partner.There's a lot of interest in AI, but also a lot of criticism. How does Golin balance excitement with caution, especially with clients more wary of AI?It's evolving, and it reminds me of the early days of digital or social media. Some clients are eager to move fast, while others take a wait-and-see approach.What's different with AI is the speed at which clients have moved from being inspired to focusing on application. They want to see results, not promises.Each client is different in their appetite for AI, but many realize that if they don't embrace it, they <a target="_blank" class="" href="https://www.businessinsider.com/how-ai-extended-reality-disrupting-changing-technology-industry-2023-8">risk being left behind</a>.From a business perspective, where are you looking to see the return on investment with AI?We are focused on efficacy more than efficiency.With clients, our primary metrics are improved outcomes. We want to see that our clients are satisfied.Internally, we're looking at employee engagement and happiness. If AI helps our people spend more time on thoughtful, strategic tasks rather than routine ones, that's a win.These are the most important goals. Is our work getting better? Are our people happier in their roles? If we get those two things right, everything else will follow.

Golin's first chief AI officer shares the company's strategy for using AI to transform public relations

<ul class="summary-list"><li>Ukraine's army chief said Kyiv invaded Kursk before Russia could launch a new attack from there.</li><li>Oleksandr Syrskyi told CNN the incursion forced Russia to redeploy forces and stopped its advances.</li></ul>Ukraine's army chief said Russia had planned to launch a new cross-border attack from Kursk, but Kyiv got there first.Ukraine caught Russia off guard by launching an incursion into Russia's Kursk region on August 6, grabbing hundreds of miles of territory in just a matter of days.Ukraine's Kursk incursion "reduced the threat of an enemy offensive," Ukraine's Commander-in-Chief, Col. Gen. Oleksandr Syrskyi, told <a target="_blank" class="" href="https://edition.cnn.com/2024/09/05/europe/ukraine-army-chief-kursk-incursion-exclusive-intl/index.html">CNN</a>. "We prevented them from acting."Syrskyi made the statement from an undisclosed location near the front lines of the fighting.He <a target="_blank" class="" href="https://www.businessinsider.com/ukraine-captured-hundreds-square-miles-russian-territory-general-2024-8">said</a> that in under a week, Ukrainian forces had captured about 386 square miles — almost the equivalent of what Russia has captured in Ukraine this year.Ukrainian President Volodymyr Zelenskyy <a target="_blank" class="" href="https://www.president.gov.ua/en/news/u-vijni-nemaye-vidpustok-potribna-vchasna-logistika-ogoloshe-92661">said</a> last month that one of the operation's aims was to create a "buffer zone" to prevent further Russian attacks across the border.Syrskyi told CNN that the operation aimed to stop Russia from using Kursk as a springboard for a new offensive, and to force it into redeploying its military from other areas.According to Syrskyi, they have achieved these goals, forcing Russia to redeploy tens of thousands of soldiers — including airborne assault troops — to Kursk and stopping Russian advances in the city of Pokrovsk in eastern Ukraine."Over the last six days, the enemy hasn't advanced a single meter in the Pokrovsk direction," he said, adding that Ukrainian forces have reduced Russia's capacity to maneuver and send reinforcements."In other words, our strategy is working," he told CNN.Other goals being pursued, Syrskyi added, include preventing cross-border shelling of civilian objects, taking prisoners of war, and improving the morale of troops and the country.While Syrskyi said the offensive in Kursk had achieved some of its goals, it's unclear how long Ukraine can retain control of the territory it holds, and whether it can force Russia to redeploy enough of its troops away from the main 600-mile front line in eastern Ukraine.In an interview with <a target="_blank" class="" href="https://www.nbcnews.com/news/world/zelenskyy-ukraine-russia-territory-seized-putin-kursk-rcna169280">NBC News</a> on Tuesday, Zelenskyy said Ukraine is planning to hold the Russian land indefinitely as part of its victory plan, which he said he will present to the country's international allies this month.According to a <a target="_blank" class="" href="https://www.understandingwar.org/backgrounder/russian-offensive-campaign-assessment-september-5-2024">report</a> by the Institute for the Study of War think tank on Thursday, Russian offensive operations in eastern Ukraine are likely to conclude earlier than its military anticipates due in part to operational challenges caused by Ukraine's incursion into Kursk.

Ukraine's army chief says Russia planned to launch a new attack from Kursk, but he got there first

<ul class="summary-list"><li>Former President Donald Trump is set to address an influential meeting of the nation's top CEOs.</li><li>The former president is making a major play for Wall Street.</li></ul>Former President <a target="_blank" href="https://www.businessinsider.com/trump-guilty-verdict-donors-backing-conviction-2024-5">Donald Trump</a> and a top representative for President Joe Biden are set to square off behind closed doors next week as both sides make a play for Wall Street ahead of the election.According to CNBC, Trump and Jeff Zients, the White House chief of staff, plan to address the <a target="_blank" href="https://www.cnbc.com/2024/06/05/donald-trump-attends-private-ceo-meeting.html">Business Roundtable</a> during a closed-door meeting on June 13. The influential group's members include some of the nation's most powerful CEOs.Biden was invited to address the group but is sending Zients in his place as the president is set to be overseas to attend the G7 summit in Italy. Zients, a millionaire, cut his teeth on leadership at places like the Advisory Board, an education and healthcare consulting company. He later served on Facebook's board.Trump has been making inroads with the <a target="_blank" href="https://www.businessinsider.com/which-billionaires-support-donald-trump-campaign">Wall Street crowd</a>, with which he had a tenuous relationship during his administration. Blackstone CEO Steve Schwarzman, a roundtable member, recently endorsed Trump. Another member, JPMorgan Chase CEO <a target="_blank" href="https://www.businessinsider.com/jamie-dimon-trump-nato-immigration-maga-biden-presidential-election-2024-1">Jamie Dimon</a>, who has described himself as "barely a Democrat," has said Trump was right about some issues. Tesla CEO <a target="_blank" href="https://www.businessinsider.com/elon-musk-has-not-discussed-joining-second-trump-administration-2024-5">Elon Musk</a> is not a member, but The Wall Street Journal reported last week that the world's richest person was discussing an advisory role in a second Trump administration should the former president win again. (Musk later denied any such conversations.)Executives <a target="_blank" href="https://www.businessinsider.com/what-us-economy-would-look-like-with-trump-biden-presidency-2024-5">loved Trump's tax cuts</a>, but some loathed the chaos around him. Several CEOs left Trump's White House advisory councils after his response to white-nationalist protests in Charlottesville, Virginia. It's likely why many top CEOs tried to boost other candidates or distanced themselves from Trump when it appeared he could face a more-difficult GOP primary season.The venue could pose some risks for Trump.The Washington Post has reported he's made some strikingly explicit requests behind closed doors for oil CEOs to back his campaign. The Post said that in one instance, Trump told the oil executives that they should give $1 billion to help him return to the White House and that the amount would be a deal based on the regulatory and tax relief they would receive if he was elected. Congressional Democrats are investigating the details of that meeting.

Trump and Biden's chief of staff are squaring off next week to sway top business execs

<ul class="summary-list"><li>Chipotle CEO Brian Niccol is moving into the world of cold brew, Frappuccinos, and pumpkin spice.</li><li>Analysts say he's a great pick for the coffee chain. He's spearheaded Chipotle's turnaround.</li></ul>After just over six years at the helm of Chipotle and three years as CEO of Taco Bell, <a target="_blank" class="" href="https://www.businessinsider.com/chipotle-ceo-niccol-will-bring-turnaround-record-to-starbucks-2024-8">Brian Niccol</a> has set his sights on selling something different: Coffee.The veteran restaurant executive is replacing Laxman Narasimhan as <a target="_blank" rel="" class="" href="https://www.businessinsider.com/starbucks-ceo-steps-down-replaced-by-chipotle-chief-2024-8">CEO of Starbucks</a>, the coffee chain announced on Tuesday.Niccol has a "great track record" and is an "outstanding" hire for Starbucks, Edward Jones restaurant analyst Brian Yarbrough told Business Insider.William Blair analyst Sharon Zackfia said in a note that, apart from the return of longtime former CEO Howard Schultz, "Niccol is probably as good of a pick as exists for Starbucks's new leader."He's been credited with turning around Chipotle during his time at the chain — here's how he did it:<h2 id="0da7a703-9f1c-435a-a259-f75f6a7c9156">1. Boosting sales</h2>When Niccol arrived at Chipotle in 2018, the chain's reputation was still tainted by its 2015 E. coli scandal where dozens of customers fell ill, and <a target="_blank" href="https://www.businessinsider.com/how-ex-taco-bell-ceo-brian-niccol-turned-around-chipotle-2019-12">Chipotle's shares</a> plummeted as a result. Then, early in Niccol's leadership, hundreds of people who dined at a Chipotle in Ohio <a target="_blank" class="" href="https://www.businessinsider.com/chipotle-closes-restaurant-after-illness-reports-2018-7">became sick</a> with an illness related to Clostridium perf ingens.Chipotle agreed to pay a <a target="_blank" class="" href="https://www.fda.gov/inspections-compliance-enforcement-and-criminal-investigations/press-releases/chipotle-mexican-grill-agrees-pay-25-million-fine-resolve-charges-stemming-more-1100-cases-foodborne">$25 million criminal fine</a> over charges that its food made more than 1,100 people ill between 2015 and 2018.Under Niccol's leadership, <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/cmg-stock">Chipotle's shares have soared</a> as he bolstered the chain's image and boosted sales, including through a focus on national marketing, mobile orders, and delivery. <div type="image" title="Chipotle worker at assembly line" height="1374" width="1832" msid="112526555" hostid="261" sizebytes="138582"></div>In <a target="_blank" class="" href="https://ir.chipotle.com/news-releases?item=122379">2017</a>, Chipotle reported revenues of $4.5 billion. By <a target="_blank" class="" href="https://ir.chipotle.com/2024-02-06-CHIPOTLE-ANNOUNCES-FOURTH-QUARTER-AND-FULL-YEAR-2023-RESULTS">2023</a>, this ballooned to $9.9 billion.<h2 id="1c61a469-d076-4410-86e8-b61fa3c10e1f">2. Prioritizing digital</h2>In the mid-2010s, Chipotle was in a "tech deficit," Jack Hartung, then CFO and now president of strategy, finance, and supply chain, <a target="_blank" class="" href="https://www.businessinsider.com/how-ex-taco-bell-ceo-brian-niccol-turned-around-chipotle-2019-12">previously told BI</a>. Alongside Curt Garner, the chain's chief information officer who joined in 2015, Niccol helped spearhead Chipotle's digital turnaround.In Niccol's first full year at Chipotle, in 2019, digital sales <a target="_blank" class="" href="https://ir.chipotle.com/2020-02-04-Chipotle-Announces-Fourth-Quarter-And-Full-Year-2019-Results#:~:text=On%20a%20non%2DGAAP%20basis%2C%20the%202019%20fourth%20quarter%20effective,the%20fourth%20quarter%20of%202018.">were up 90%</a>. Online sales now make up <a target="_blank" class="" href="https://newsroom.chipotle.com/2024-07-24-CHIPOTLE-ANNOUNCES-SECOND-QUARTER-2024-RESULTS">more than a third</a> of total food and beverage revenue, up from <a target="_blank" class="" href="https://newsroom.chipotle.com/2018-10-25-Chipotle-Announces-Third-Quarter-2018-Results-EPS-Nearly-Doubles-As-Sales-Comp-Accelerates-And-Restaurant-Margins-Expand-To-18-7-Versus-Q3-2017">11.2%</a> in the third quarter of 2018 when Niccol took over. <h2 id="3ed61b2b-d99f-4dd4-8bf8-96ba7dadb799">3. Rolling out Chipotlanes</h2>Under Niccol's leadership, Chipotle has gone full steam ahead with the rollout of its <a target="_blank" class="" href="https://www.businessinsider.com/chipotles-chipotlane-drive-thru-review-2021-1">Chipotlanes</a> — drive-thrus for customers who order ahead via the app.As of October 2019, there were <a target="_blank" class="" href="https://ir.chipotle.com/2019-10-22-Chipotle-Announces-Third-Quarter-2019-Results">about 20</a> in place. By the end of 2023, there were <a target="_blank" class="" href="https://ir.chipotle.com/2024-02-06-CHIPOTLE-ANNOUNCES-FOURTH-QUARTER-AND-FULL-YEAR-2023-RESULTS">more than 800</a>.By getting customers to order ahead on the app before using the drive-thru, they can still fully customize their burritos and bowls. Chipotle says the Chipotlanes lead to higher productivity and margins, too.<h2 id="19140569-90cd-4314-894d-433083bd4c48">4. A 'digital make line'</h2>Another crucial part of Niccol's digital strategy was the "<a target="_blank" class="" href="https://www.businessinsider.com/chipotle-execs-ghost-kitchens-digital-orders-2019-12">digital make line</a>," where staff only make burritos or bowls for delivery or for customers who ordered ahead via the app.Most locations already had two make lines when Niccol joined Chipotle, but the strategy was unclear, <a target="_blank" class="" href="https://www.businessinsider.com/how-ex-taco-bell-ceo-brian-niccol-turned-around-chipotle-2019-12">BI previously reported</a>. Niccol ensured that the second make line was for digital orders and that stores didn't treat these orders as an afterthought.<h2 id="bd2be4d5-ec04-4796-b650-91e3284de5a0">5. Rewarding loyal customers</h2>Chipotle launched its first loyalty program, Chipotle Rewards, in early 2019. The chain had about 40 million loyalty members as of Q1 2024."Whether you're a light, medium, or heavy user, when you're in the rewards program, you come more frequently and you spend more," Niccol told investors in February. "And so it's a really powerful tool." He added that when customers accrued enough loyalty points to get a free entrée, they'd often pay for a side, too.<h2 id="b829b927-70e5-4dc2-ba36-5ece3eb9f04e">6. Automation</h2>In recent quarters, automation has been a hot topic at Chipotle's earnings calls.<div type="image" title="Autocado cuts and peels avocados." height="1080" width="1920" msid="112526553" hostid="261" sizebytes="82478"></div>The chain has been working on an <a target="_blank" class="" href="https://www.businessinsider.com/chipotle-burrito-bowl-robot-tests-automation-faster-food-delivery-2023-9">automated digital make line</a> and a tool called <a target="_blank" class="" href="https://www.businessinsider.com/chipotle-hiring-a-robot-to-do-a-task-employees-hate-2023-7">Autocado</a>, which cuts, cores, and peels avocados.Niccol told investors in February that automation like this makes orders quicker and more accurate and removes tasks that staff don't enjoy as much, and that the company was looking at other robotics ideas "to make prep even more efficient."<h2 id="d0eb7ba9-c73c-4ad9-aa8d-011c9df2fb9d">Niccol could help Starbucks recover from slumping sales</h2>"Not only is Starbucks more than three times Chipotle's size in revenue with a footprint spanning myriad countries, but current trends are also more challenged than when Niccol joined Chipotle," Zackfia, a William Blair analyst, wrote in her note, citing Starbucks' <a target="_blank" class="" href="https://www.businessinsider.com/starbucks-what-went-wrong-laxman-narasimhans-ceo-falling-sales-activist-2024-8">falling same-store sales</a>."While we cannot help but be more optimistic on today's news, we suspect the path to recapturing lost sales will be less linear than it was at Chipotle, which did not face boycott pressures, perceived value questions, or material speed of service issues in 2018," she continued.Analysts told BI that Niccol needs to tackle slumping sales in the US and China and focus on coffee-based products that attract core customers.Still, many are positive about his appointment at the company."Brian's probably the right guy at the right time," Jefferies analyst Andy Barish told BI.

6 ways Starbucks' incoming chief Brian Niccol transformed Chipotle 

<ul class="summary-list"><li>Russia stands to lose 1.8 million troops if it takes four oblasts in Ukraine, the UK's army chief said.</li><li>Moscow has designated Kherson, Donetsk, Luhansk, and Zaporizhzhia as its own territory.</li></ul>Russia would likely take up to 1.8 million wounded and dead over five years to achieve its goal of fully capturing four major Ukrainian regions, said the new chief of the British Army.Gen. Sir Roly Walker said he'd based his estimation on the "current rate of attrition of dead and wounded" faced by Moscow's forces in Ukraine, according to UK media.He'd been answering questions on Sunday at the 2024 Land Warfare Conference run by the British think tank Royal United Services Institute."That puts them probably well north of 1.5 million people — casualties — to achieve that with untold billions of lost equipment," said Walker, per <a target="_blank" class="" href="https://www.thetimes.com/uk/defence/article/ukraine-advance-will-cost-russia-over-15-million-men-says-new-head-of-army-mnb2f7gvc">The Times of London.</a>"If they carry on as they are, it would probably take the Russians five years to grind their way to their minimum objectives of the four oblasts," he added, referring to Donetsk, Luhansk, Kherson, and Zaporizhzhia.All four regions are under partial Russian control and are in relative deadlock, serving as the war's eastern and southern fronts after Ukraine repelled the Kremlin's initial northern assault toward Kyiv and Kharkiv.Russian leader Vladimir Putin <a target="_blank" class="" href="https://www.businessinsider.com/putin-declares-there-4-new-regions-russia-annexation-speech-2022-9">declared the four oblasts part of his nation's territory in September 2022</a>, and attaining full control of them has been one of Moscow's major war and negotiation objectives.Ukraine is adamant that it will not cede any of these territories, two of which — Donetsk and Luhansk — have for years been home to separatist factions.<a target="_blank" class="" href="https://news.sky.com/story/russia-will-take-five-years-to-capture-four-ukrainian-regions-if-they-carry-on-as-they-are-uk-army-head-13184268">Per Sky News</a>, Walker emphasized that a drawn-out war would be devastating for both sides."There have got to be more things for Russia to worry about than losing the best part of 1.5 to 1.8 million people for a slice of Ukraine with the way the world is going," he said, per the outlet."So, the big if is if the Ukrainian armed forces can keep, sustain the defense that they have," he added.Russia has been largely silent on its war losses, but Western estimates put its <a target="_blank" class="" href="https://www.businessinsider.com/russia-losing-1000-soldiers-a-day-against-ukraine-report-war-2024-6#:~:text=It%20said%20Russia's%20total%20number,Ministry%20of%20Defence%20for%20comment.">casualty rate as high as 1,000 soldiers</a> wounded or killed daily.UK intelligence said <a target="_blank" class="" href="https://x.com/DefenceHQ/status/1796467954907037817">in May</a> that Moscow had lost upward of 500,000 troops in the war, later estimating that another <a target="_blank" class="" href="https://www.politico.eu/article/russia-army-lost-70k-soldiers-ukraine-war-uk-defense-ministry/">70,000 soldiers were lost in the months after.</a>Meanwhile, Putin said in June that almost <a target="_blank" class="" href="https://www.themoscowtimes.com/2024/06/15/putin-says-almost-700k-russian-troops-fighting-in-ukraine-a85419#:~:text=Russian%20President%20Vladimir%20Putin%20said,decorated%20participants%20from%20the%20offensive.">700,000 Russians</a> are still fighting in Ukraine.<a target="_blank" class="" href="https://www.gov.uk/government/people/roly-walker">Walker</a>, a former SAS officer who eventually became director of special forces, took on his new role as Chief of the General Staff on June 15.On Sunday, he said the UK must be ready to go to war in three years, <a target="_blank" class="" href="https://www.bbc.com/news/articles/c035d05je2jo">per the BBC.</a>The British military aims to <a target="_blank" class="" href="https://www.telegraph.co.uk/news/2024/07/23/britain-ready-war-three-years-army-chief-warns/">double its firepower by 2027 and triple its capacity by 2030.</a>Key to Walker's concern is that Russia could seek revenge on the UK for its support of Kyiv, regardless of how the war in Ukraine plays out."It doesn't matter how it ends. I think Russia will emerge from it probably weaker objectively, or absolutely, but still very, very dangerous and wanting some form of retribution for what we have done to help Ukraine," he said, per the BBC."The point here is when you think they are down, they will come roaring back to get their vengeance," he said, per Sky News.Analysts fear that <a target="_blank" class="" href="https://www.businessinsider.com/russia-can-sustain-major-losses-ukraine-2-more-years-analysts-2024-2">Russia can outlast Ukraine's defense</a> through its aggressive recruitment drives and a defense manufacturing industry that's kicked into overdrive.Russia has poured <a target="_blank" class="" href="https://www.reuters.com/world/europe/putin-approves-big-military-spending-hikes-russias-budget-2023-11-27/">40% of national spending</a> into defense and security, essentially putting its economy on a war footing.

Russia would lose up to 1.8 million troops and take 5 years to capture the 4 Ukrainian regions it wants: UK army chief

<ul class="summary-list"><li>Small drones dominate Ukraine's battlefield, but their advantage won't last, France's army chief said.</li><li>Small, relatively cheap drones have been hugely successful weapons in the war so far.</li></ul>Small aerial drones have dominated the battlefield in Ukraine, but according to French Army Chief of Staff Gen. Pierre Schill, they could soon lose their combat advantage.Speaking at the Eurosatory defense show in Paris on June 19, Schill said that their advantage represented merely "a moment in history," <a target="_blank" href="https://www.defensenews.com/global/europe/2024/06/19/small-drones-will-soon-lose-combat-advantage-french-army-chief-says/">Defense News</a> reported."The life of impunity of small, very simple drones over the battlefield is a snapshot in time," Schill said."Right now it's being exploited, that's clear, and we have to protect ourselves. Today, the sword, in the sense of the aerial drone, is powerful, more powerful than the shield. The shield is going to grow," he added.<div type="image" title="The head of the French Army, General d'armee Pierre Schill inspects the officer cadets during Commissioning Course No. 232 Sovereign's Parade, at the Royal Military Academy Sandhurst, southwest of London on April 12, 2024, to mark the 120th anniversary of the Entente Cordiale." height="3744" width="5580" msid="111364954" hostid="261"></div><h2 id="92c5bc36-569f-417c-b133-1b2046994f21">The use of drones will likely fluctuate</h2>Former British Army officer Christopher Lincoln-Jones told Business Insider that the use of small drones in warfare would likely "ebb and flow."He said: "What will happen is that, as artificial intelligence becomes better and better and the senses become better, medium-sized drones will dominate rather than the small ones.""Mini drones are limited by the fact that battery technology is not good enough for them yet. And although they can carry a small charge or weapon, they're not really good against military targets," Lincoln-Jones added.Greg Bagwell, the UK Royal Air Force's former Deputy Commander, told BI "there is some truth" to Schill's comments about the future of small drones in battle."I think to say it's nearly had its day, and it's all over is probably a slight exaggeration. But I think it will get harder for them to operate as people now get wise to this threat. We'll start to see the counters maybe begin to take a higher position," he said.<h2 id="a11ea6ca-f69a-4247-8160-212e162d2917">Small drones are at the forefront of the war in Ukraine</h2>Small drones, particularly first-person view drones (FPVs), have been a trademark of Russia's war in Ukraine, with both sides weaponizing them against each other.FPV drones have had huge success on the battlefield so far, proving to be cheaper and <a target="_blank" href="https://www.reuters.com/graphics/UKRAINE-CRISIS/DRONES/dwpkeyjwkpm/">more accurate than most artillery</a> as they can be guided directly to their target.A <a target="_blank" rel="nofollow noopener noreferrer" class="color-link" href="https://foreignpolicy.com/2024/04/09/drones-russia-tanks-ukraine-war-fpv-artillery/">NATO official told Foreign Policy magazine</a> in April that more than two-thirds of the Russian tanks that had been destroyed by Ukraine in recent months had been targeted with FPVs.Ukraine has also <a target="_blank" href="https://www.businessinsider.com/one-drone-liutyi-behind-majority-ukraine-attacks-russia-oil-facilities-2024-5">pounded Russian oil refineries</a> and <a target="_blank" href="https://www.businessinsider.com/ukraine-mass-attack-russian-airbase-70-drones-budanov-2024-6">airbases with drones</a> as part of a widespread campaign to disrupt Russian military supplies and hamper the Russian air force.<h2 id="7279dc38-4a79-447d-9442-f4b246c9aaa8">Drone countermeasures are advancing</h2>But Lincoln-Jones and Bagwell both echoed Gen. Schill's warnings that drone countermeasures are advancing and would increasingly render small drones less effective."There will be all sorts of techniques being used to jam the signals, the video, or the GPS signal," Bagwell said.Schill said that electronic warfare — which uses the electromagnetic spectrum, including signals like radio, infrared, or radar, to disrupt an enemy's ability to use those signals itself — was already neutralizing 75% of drones deployed in Ukraine."Unless you can encrypt and use direct line of sight to control your drone, you're very vulnerable to nearly every electronic warfare system," Lincoln-Jones said. "You just need to know what frequency the drone is operating on from the point of view of its commands."Nevertheless, current electronic warfare systems being used to defend against drone attacks have their limits. The use of such systems risks <a target="_blank" href="https://www.businessinsider.com/russia-using-electronic-warfare-ukraine-against-drones-means-killing-internet-2024-1">interfering with other technology,</a> such as <a target="_blank" href="https://www.atlanticcouncil.org/blogs/new-atlanticist/the-drones-are-small-the-arms-race-may-not-be-heres-how-the-us-can-win/">radios and cellphones</a> that are in the drone's vicinity.<h2 id="a360580b-d1fa-48bf-af42-931204a57ad9">Drones remain key to Ukraine's military strategy</h2>Drone production continues to surge in Ukraine despite the increasing number of defense systems employed against the technology. <a target="_blank" href="https://www.pravda.com.ua/eng/news/2024/02/1/7439866/">More than 200 companies</a> now produce aerial drones in the country, and workers were producing around <a target="_blank" href="https://www.forbes.com/sites/davidaxe/2024/02/16/as-the-ukrainians-fling-50000-drones-a-month-at-the-russians-the-russians-cant-get-their-drone-jammers-to-work/">50,000 FPVs a month</a> by December, Forbes reported.Both sides are also pumping money into developing AI-powered drones that can bypass electronic warfare systems.This year, Ukraine also became one of the first countries ever to create a <a target="_blank" href="https://www.president.gov.ua/en/news/pidpisav-ukaz-yakij-rozpochinaye-stvorennya-okremogo-rodu-si-88817">separate branch of its military</a> dedicated to drone warfare.A recent report by the <a target="_blank" href="https://www.atlanticcouncil.org/blogs/ukrainealert/ukraines-innovative-drone-industry-helps-counter-putins-war-machine/">Atlantic Council</a> said that Ukraine's drone strategy would now likely "continue to focus on flexibility, innovation, and the daily challenge of maintaining a technological advantage over Russia."Gen. Schill declined an interview with BI.

France's army chief says small drones will lose their battlefield advantage. But Ukraine likely won't be changing tack anytime soon.

<ul class="summary-list"><li>JPMorgan CEO Jamie Dimon congratulated Donald Trump on winning the White House.</li><li>In a memo to staff, Dimon and other top JPM executives called for "bringing our nation together."</li></ul>Leaders from across Wall Street are addressing Donald Trump's decisive victory over Vice President Kamala Harris to become the 47th president of the United States. On Wednesday, JPMorgan CEO Jamie Dimon weighed in to say the time has come to band together as a nation.In a memo to staff, members of the bank's operating committee, including Dimon, congratulated Trump before recalling Dimon's comments from Election Day about national unity. "As Jamie said <a target="_blank" href="https://jpmcclickmetrics.gaiacloud.jpmchase.net/api/v1/trackactions/details?app=YXBwPVRFJnNvdXJjZWlkPTg1NjE5MSZhY3Rpb249aHR0cHMlM2ElMmYlMmZzaXRlcy5qcG1jaGFzZS5jb20lMmZzaXRlcyUyZnRvZGF5anBtYyUyZlBhZ2VzJTJmaW5kZXguYXNweCUyMyUyZnByb2ZpbGUlMmYxMDY0Nmh0dHBzJTNhJTJmJTJmc2l0ZXMuanBtY2hhc2UuY29tJTJmc2l0ZXMlMmZjb2hvaG9tZSUyZlNpdGVQYWdlcyUyZkZlYXR1cmVkTmV3cyUyZnVwMmIydHQwancuYXNweCZ1c2VyPWZha2VpZHVuaXF1ZXJlY2lwaWVudCZ0PTYzODY2NTE2NjI4MDM2NjI5OQ==">yesterday</a>, we must now 'begin the work of bringing our nation together and focusing on the pressing economic and global issues before us,'" the memo said.The memo, signed by Dimon and other members of the operating committee, also congratulated successful down-ballot candidates and welcomed the prospect of working with the incoming administration."Our firm has a long history of working across the political spectrum and looks forward to engaging the new administration and elected officials in both parties," it said.Although Dimon has avoided endorsing a candidate, he has become increasingly vocal about world affairs. "We have to make sure that we are involved in doing the right things to get it resolved properly for the sake of the free democratic Western world for the next 100 years," <a target="_blank" class="" href="https://www.businessinsider.com/jpmorgan-jamie-dimon-world-war-iii-economic-outlook-geopolitics-nuclear-2024-10">he said at a recent financial-services gathering</a> in Washington, DC, speaking about the global order established by Western powers after World War II.His name is often floated as a potential contender for a White House cabinet position. He recently sought to quash speculation that he could join the next presidential administration, however. "I think the chance of that is almost nil, and probably I'm not going to do it," <a target="_blank" class="" href="https://www.businessinsider.com/jamie-dimon-political-ambitions-retirement-plans-jpmorgan-3q-earnings-2024-10">he told a Wells Fargo stock analyst</a> in an October earnings call. "I tend to be doing what I'm doing — I almost guarantee I'll be doing this — for a long period of time, or at least until the board kicks me out," he added.Judith Kent, who has been married to Dimon for more than four decades, spent part of the weekend <a target="_blank" class="" href="https://www.businessinsider.com/judith-dimon-door-to-door-michigan-canvassing-votes-kamala-harris-2024-11">canvassing for Harris</a> in the battleground state of Michigan."I'm proud to be a supporter and to spend time talking with voters and encouraging them to turn out to vote for the Harris-Walz ticket," Kent said in a statement to the <a target="_blank" class="" href="https://www.wsj.com/livecoverage/harris-trump-election-11-03-04-24/card/judy-dimon-jamie-dimon-s-wife-campaigns-for-harris-rpR3yH0WVhvnJ0l15eYW">Wall Street Journal</a>.Earlier on Wednesday, <a target="_blank" class="" href="https://www.businessinsider.com/goldman-ceo-david-solomon-memo-trump-presidential-victory-policies-2024-11">Goldman Sachs CEO David Solomon</a> also congratulated Trump on his victory — vowing to work with him to advance policies beneficial to clients and the economy.Read the full contents of the Wednesday memo from JPMorgan's Operating Committee about Trump's victory below.Dear colleagues,Voters have elected Donald Trump to be the 47th President of the United States and we congratulate him, Vice President-elect JD Vance and the incoming administration. We also congratulate representatives across the country who have been elected to serve in Congress and in state and local offices. As Jamie said <a target="_blank" href="https://jpmcclickmetrics.gaiacloud.jpmchase.net/api/v1/trackactions/details?app=YXBwPVRFJnNvdXJjZWlkPTg1NjE5MSZhY3Rpb249aHR0cHMlM2ElMmYlMmZzaXRlcy5qcG1jaGFzZS5jb20lMmZzaXRlcyUyZnRvZGF5anBtYyUyZlBhZ2VzJTJmaW5kZXguYXNweCUyMyUyZnByb2ZpbGUlMmYxMDY0Nmh0dHBzJTNhJTJmJTJmc2l0ZXMuanBtY2hhc2UuY29tJTJmc2l0ZXMlMmZjb2hvaG9tZSUyZlNpdGVQYWdlcyUyZkZlYXR1cmVkTmV3cyUyZnVwMmIydHQwancuYXNweCZ1c2VyPWZha2VpZHVuaXF1ZXJlY2lwaWVudCZ0PTYzODY2NTE2NjI4MDM2NjI5OQ==">yesterday</a>, we must now "begin the work of bringing our nation together and focusing on the pressing economic and global issues before us." Our firm has a long history of working across the political spectrum and looks forward to engaging the new administration and elected officials in both parties.JPMorganChase strives to be a place where people from different backgrounds and beliefs can come together with a common sense of purpose and mission. We are hopeful for the future and the role we will play tackling some of the most pressing challenges facing Americans and our country, together.Jamie Dimon, Chairman and CEO Ashley Bacon, Chief Risk Officer Jeremy Barnum, Chief Financial Officer Lori Beer, Global Chief Information Officer Tim Berry, Global head of Corporate Responsibility; Chairman of the Mid-Atlantic Region Mary Erdoes, CEO, Asset &amp; Wealth Management Stacey Friedman, General Counsel Teresa Heitsenrether, Chief Data &amp; Analytics Officer Marianne Lake, CEO, Consumer &amp; Community Banking Robin Leopold, Head of Human Resources Doug Petno, Co-head of Global Banking Jenn Piepszak, Co-CEO, Commercial &amp; Investment Bank Daniel Pinto, President and COO, JPMorgan Chase Troy Rohrbaugh, Co-CEO, Commercial &amp; Investment Bank Sanoke Viswanathan, CEO, International Consumer and WealthAre you a Wall Street insider? How is your firm or workplace responding to Donald Trump's presidential victory? Get in touch with this reporter. Reed Alexander can be reached via email at ralexander@businessinsider.com, or SMS/the encrypted app Signal at (562) 247-5758.

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