Ex-MI6 chief says the biggest risks for CEOs are the threats they already know about

(Credit: Courtesy of Teneo)

• In today’s CEO Daily: Sir Richard Moore on managing systemic risk.
• The big leadership story: How Google’s DeepMind unraveled.
• The markets: Mostly down as Iran refuses to negotiate directly with the U.S.
• Plus: All the news and watercooler chat from Fortune .

Good morning. Sir Richard Moore, who ran the U.K.’s secret intelligence service (MI6) from 2020 to 2025, has advice for CEOs trying to navigate these volatile geopolitical times. “We used to say culture eats strategy for breakfast,” he recently told me. “Well, I think you now hear people say resilience eats efficiency for breakfast. You’ve got to have that ability to pick yourself up off the floor and go again.”