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Fortune

Diane Brady

Silicon Valley’s ‘player‑coach’ fantasy misses the point of good managers

GE Silicon Valley Fortune Brian Armstrong Coinbase Diane Brady Meta

(Credit: Chris Ratcliffe/Bloomberg via Getty Images)

In today’s CEO Daily: Diane Brady debunks the latest management trend.
The big leadership story: Investors aren’t buying Enrique Lores’s new plan for PayPal.
The markets: Mixed globally after the S&P 500 touched another new high Wednesday.
Plus: All the news and watercooler chat from Fortune.

Good morning. Few things transform a career or a company like an excellent boss. Most of us have had them and we know what it looks like in others. Here are five CEOs who have low turnover and inspire people to do their best work: Marvin Ellison of Lowe’s, Patagonia’s Ryan Gellert, Linda Hubbard of Carhartt, Daniel Lubetzky, founder of Builders and KIND Snacks, and Hamdi Ulukaya of Chobani. I moderated an on-stage discussion with them about purpose-driven leadership at Milken this week and was struck by how their values permeate their organizations and drive growth. We talked about dignity, opportunity, agency, creativity, and creating a shared mission.

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