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Newsweek
4 days ago
- Business
- Newsweek
Why Rory McIlroy Is Singing Different Tune About PGA Tour-LIV Situation
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Since LIV Golf's inception in 2022, the golf world has seen a dramatic split. Big names like Phil Mickelson, Brooks Koepka and Bryson DeChambeau parted ways to join LIV Golf, triggering fierce backlash. On the other side, legends like Tiger Woods, Scottie Scheffler and Rory McIlroy became the face of resistance. But a lot has changed since then. Back in February, LIV Golf pro Brooks Koepka made a surprise visit to TGL, the simulator league co-founded by Woods and McIlroy with Tour backing. And McIlroy, who once hated LIV, has seemingly thawed after The Open at Royal Portrush, where Scottie Scheffler claimed the 153rd Claret Jug. CHARLOTTE, NORTH CAROLINA - MAY 14: Rory McIlroy of Northern Ireland speaks to the media during his pre-tournament media conference prior to the PGA Championship at Quail Hollow Country Club on May 14, 2025 in... CHARLOTTE, NORTH CAROLINA - MAY 14: Rory McIlroy of Northern Ireland speaks to the media during his pre-tournament media conference prior to the PGA Championship at Quail Hollow Country Club on May 14, 2025 in Charlotte, North Carolina. (Photo by) More Getty Images During his recent appearance on the 'How Leaders Lead with David Novak' podcast, the Northern Irishman admitted open-mindedness towards LIV when questioned about his biggest takeaway from being close to the PGA-LIV merger talks. "I think the one thing that I have learned through this whole process is to be a little more open-minded. I think once you have a position and you dig your heels in, it's very hard to get out of that position, right? And I would say that I learned because I was a little bit that way, too. I think you have to be open-minded," he told David Novak, as revealed in the interview. He continued: "You have to be able to see things from the other side. You have to be able to put a foot in the other shoe and see if there's any areas of common interest there ... Yes, we disagree on a lot of things, but are there some things that we agree on? That's a good starting point to figure out a resolution." McIlroy's shift comes at a time when the Tour and LIV are at a standstill in talks over a possible merger after announcing a framework agreement in 2023. "I think if some of us were a little more open-minded through all this, I think a lot of opinion could have been avoided, and we wouldn't be in the position we're in. But that's with the luxury of hindsight," McIlroy admitted during the podcast interview posted on YouTube. "I think once you take a position and ... that's sort of set in stone for you," he added, "it's very hard to reverse out of that if the situation requires it." This isn't the first time McIlroy has softened his stance toward LIV. In February, he told reporters at the Genesis Invitational, "I earn more money now than I did in 2019, and if LIV hadn't come around, I don't know if I'd be able to say that." I think this is a pretty good summation of the last few years of pro golf, how LIV has affected so much and why it will be good to move on. Animated Rory > — Kyle Porter (@KylePorterNS) February 13, 2025 The comment drew criticism from PGA Tour insiders like Johnson Wagner, who accused McIlroy of hypocrisy. But the green jacket winner stands by his evolution and feels good about his change of mind. "Being able to change your mind is one of the greatest things in the human experience," he shared with Novak after being appreciated for his current perception. "If you can't change your mind based on new information, then that's not a great place to start from. So I think for me being able to change my mind on this, based on new information and trying to be a little more open-minded and trying to talk to people from the other side (LIV Golf), yeah ... you're going to hear both arguments, both sides, and you're gonna make your mind and sort of see where you land." "I feel like I've gotten a little bit of criticism for changing my mind. But I actually view being able to change your mind as a good thing. I don't think it's flip-flopping. I don't think it's a bad thing. I truly think someone that's able to change their mind based on new information is an open-minded person." The change of heart from the grand slam champion, once LIV's biggest critic, reflects the broader shift in golf's landscape. With Jon Rahm, Tyrrell Hatton, and Adrian Meronk now part of LIV, and the Ryder Cup approaching in September, unity is more urgent than ever. That said, this could be good news for the captain, Luke Donald. More Golf: Jon Rahm picks Sergio Garcia for a role Tiger Woods turned down last year
CNBC
18-06-2025
- Business
- CNBC
Amazon CEO: Jeff Bezos once called out a big mistake I made in a presentation—how I won him back over
If you're going to give a presentation to Jeff Bezos, you'd better have your facts straight. Andy Jassy, who eventually succeeded Bezos as Amazon CEO, learned that lesson in the early 2000s while giving a presentation to the e-commerce giant's founder. Jassy described the experience of giving Bezos a flawed presentation as "one of my worst fears realized" In a May 15 appearance on the "How Leaders Lead" podcast. "We worked really hard on this presentation for the senior leadership team," Jassy said, explaining that he and his partner had put together 140 slides, and he was responsible for presenting the first half. "I get maybe three slides in and I'm talking about customer retention, and Jeff Bezos interrupted me and said 'all the numbers on this page are wrong.'" One of Jassy's biggest work-related anxieties "was going into a big meeting and being exposed as not knowing what I was talking about," he said — and as Bezos pointed out all the flaws in the numbers in front of him, "it was one of my worst fears realized." Faced with his error, Jassy opted to quickly admit that he was mistaken in hopes of continuing with the presentation, he said. But before letting Jassy move on, Bezos challenged his employee. "He said, 'Why should I trust one other thing you say this entire presentation?'" Jassy recalled. "And I said, 'Well, I hope you do, cause we have 137 pages left in this presentation and it's going to be a really long few hours for you if you don't.'"Jassy got through the rest of his slides, describing it as "not a great presentation, but it was not a catastrophe." Being called out by Bezos and living to tell the tale was "very seminal" for his professional development, he added. "Afterwards I felt like if that's the worst that happens when you get something really wrong and get called out for it publicly, I can deal with it," said Jassy. "It was actually in a weird way a confidence builder." Jassy's response — admit your mistake, rather than getting defensive — is exactly the right way to build influence at work, some experts say. Showing humility when you're wrong, without dwelling on the mistake, can make other people more likely to trust you in the future, Stanford University lecturer and communication expert Matt Abrahams told CNBC Make It on Oct. 18. Bezos grew to trust Jassy: Five years into Jassy's tenure at the company he was invited to be the CEO's first "shadow" advisor. The role was akin to a chief of staff position and allowed him to sit in on all of Bezos' meetings and learn how he did his job. "I hadn't ever heard of another job like this," he said in an interview with LinkedIn CEO Ryan Roslansky last year. "And it was just an incredible experience." Jassy would go on to lead the Amazon Web Services team before officially being named Amazon CEO in 2021.
CNBC
07-06-2025
- Business
- CNBC
Amazon CEO: People in their 20s tend to make this mistake—I was 'lucky' to avoid it
Amazon CEO Andy Jassy has spent the past 28 years helping turn the e-commerce giant into one of the biggest companies on earth. But the 57-year-old executive didn't start his career with aspirations of being a high-powered CEO. In a May 15 podcast appearance on "How Leaders Lead with David Novak," Jassy said he too often sees young people who think they should be entering the professional world knowing what they want to do with the rest of their lives. "I have a 21-year-old son and a 24-year-old daughter, and one of the things I see with them and their peers is they all feel like they have to know what they want to do with their life at that age," he said. "And I really don't believe that's true." Before Jassy landed at Amazon in 1997 at age 29, he tried his hand at sportscasting, sports production, product management and entrepreneurship, he said. On top of that, he spent time working at a retail golf store, coaching his high school soccer team and investment banking. Even though many of those jobs didn't work out as he might've hoped, the experiences helped him understand the type of career that he wanted — and didn't want — to have, he said. "I think early on it's just as important to learn what you don't want to do as what you want to do because it actually helps you figure out what you want to do," said Jassy. "I do feel like one of the lucky parts for me was that I tried lots of things and was able to sort for myself what appealed to me and what didn't."Jassy credited his eventual success to his willingness to find out what he was good at and what he liked, rather than doggedly following a strong vision of what he wanted to do: "I think your attitude is an embarrassing amount of your success or lack thereof." Being reliable, trustworthy, hard-working and a good learner are more important than being good at every single thing you try, Jassy added. "I feel like those are things that you can control. It's actually amazing to me how often people don't. I worked hard at those things over time," he said. The Amazon CEO isn't alone in preaching dependability: Being a reliable and hard worker is the No. 1 way to build a strong reputation in the workplace, author and former Google executive Maha Abouelenein told CNBC Make It on Oct. 9. Having a consistent level of effort and doing your best to anticipate the needs of those around you will get you recognized, no matter where your career takes you, said Abouelenein. "Reputation is like a currency," she said. "It's the only thing you own, and I want you to invest in it ... Without your [personal brand], you can't do anything."
Yahoo
06-02-2025
- Business
- Yahoo
Jamie Dimon says he didn't run for president because he knew winning the White House would mean barely seeing his family for 4 years
Jamie Dimon said that while he "would never rule it out," running for president is tough. The JPMorgan CEO said in a podcast that being president would mean being away from his family. "Some people are prepared for that, I was unprepared for it at the time," Dimon said. Jamie Dimon, the CEO of JPMorgan Chase, said his family was one reason he did not run for president. "I tell people, had I run and won, when I was walking into that White House, I'd be waving goodbye to my family for four years. They'd be saying, 'See ya, dad,'" Dimon told David Novak on the latest episode of the "How Leaders Lead" podcast, which aired on January 30. "I'm not sure my wife would have gone with me, there." Dimon added that the presidency means "subjecting your family to some very tough stuff." "Some people are prepared for that, I was unprepared for it at the time," Dimon said. Dimon said that while he "would never rule it out," running for president would be difficult for him because of other reasons, too. "I do think there are skills that people have in the business world that may translate to the political world, but I think it's a mistake to automatically think that's true," Dimon said, adding that he didn't think he had the necessary political skills to make the transition. That's on top of the experience one should accrue from smaller political appointments before gunning for the presidency, Dimon told Novak. "I literally think you should kind of have a warm-up before you go for president. A warm-up could be Congress, or Senate, or governor," Dimon said. "You have seen people learn those skills before you go for the big enchilada." Running for president would also mean having to give up his job at JPMorgan, which he enjoys, Dimon said. "I'm damn proud of it so — I think I add a lot here. I'd be giving that up for kind of a wild goose chase," Dimon said. Dimon's age and health were also factors in his decision. "I think it's hard. I'm 68 years old. As you know, I have had a health problem or two. So when you put it together, it just didn't seem like the right thing for me to do," Dimon said. In 2014, JPMorgan said Dimon had been diagnosed with throat cancer, though it went into remission after treatment. In 2020, Dimon had another health scare — he was rushed to the hospital for emergency heart surgery. Representatives for Dimon at JPMorgan did not respond to a request for comment from Business Insider. This isn't the first time Dimon has been asked about his political ambitions. The 68-year-old banker said at an investors meeting in May that his retirement timeline was "not five years anymore," and that a plan to name his successor was "well on its way." Then, in October, Dimon told analysts in an earnings call that he had no plans to join President Donald Trump's second administration if he was offered a role. "I think the chance of that is almost nil, and probably I'm not going to do it," Dimon said. "I intend 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. Read the original article on Business Insider
Yahoo
06-02-2025
- Business
- Yahoo
Jamie Dimon spoke to Jeff Bezos about joining Amazon as president before JPMorgan career
When Jamie Dimon left , he considered everything from setting up his own bank to teaching or writing a book. Ultimately, the lure of the 'big game' kept him in the market for corporate America, and the likes of Amazon and Home Depot came knocking. It's hard to imagine Wall Street without JPMorgan boss Jamie Dimon—and yet that was very nearly the case if the billionaire banker had chosen differently earlier in his career. The man dubbed the 'white knight of Wall Street' revealed he came close to taking a job in Big Tech, a route that meant he would have left the finance world behind and instead reported to Amazon founder Jeff Bezos. Dimon's career story is well known: He began his career at American Express before moving to Commercial Credit as CFO. During that tenure Commercial Credit acquired the Travelers Corp., where Dimon moved to serve as COO. Concurrently, he served as COO of Travelers subsidiary, Smith Barney. In 1997, Smith Barney merged with Salomon Brothers, and Dimon was named co-CEO. A year later Dimon took the job of president at Citigroup. Two years later, Dimon joined Bank One as chairman and CEO, before moving up the ranks at JPMorgan when his company was acquired in 2004. By 2006 Dimon was named CEO and a year later, chairman of the board. But in the gap between Citigroup and Bank One, Dimon confirmed he had considered leaving the world of banking—and the obligatory suit—behind. 'I decided to take the summer off, take the kids around the world, and start really thinking about September,' Dimon told the How Leaders Lead podcast in an episode aired last week. 'But I did take a lot of phone calls—I took every one respectfully, some you could call almost insulting what they were offering me. I made sure the headhunters knew I wanted to work,' Dimon continued. 'When I came back in September … I had an office, I started seeing people, and I had ideas. I [was] going to start my own merchant bank, I wrote up documents, I spoke to people, getting partners ... didn't love it. 'I could've just been my own investor ... I didn't love it. I thought about just teaching or writing, and I realized I wasn't done with the big game yet,' he added. Those options ranged from heading up global investment at a large European bank ('After dinner I said, 'There's no way I'd work for these guys'') to president of Amazon. 'Jeff Bezos, who I hit it off with in 1999, was looking for a president. He and I hit it off, I still talk to him, he's an outstanding guy, it was just a bridge too far for me,' Dimon recalled. 'I didn't necessarily fully understand the business, I'd have to move my family to Seattle,' he added, but: 'I loved the idea of never having to put a suit on again and getting a houseboat somewhere.' In June 1999, Amazon named Joseph Galli as its president and COO, after Galli made the move from power tools supplier Black & Decker. The man paid $39 million for his work in 2024 said the company which tempted him the most to leave the financial sector was DIY giant, Home Depot. A far cry from FiDi, Dimon nonetheless hit it off with the team at the Georgia-based giant. 'Home Depot, I love those people,' the Harvard Business alum said. 'When I first met them, I said: 'Just so you guys know, I want you to know this, until you called me I'd never been in a Home Depot. So it's not my natural habitat.' 'They were very much like, 'We don't care about that, you'll learn, we want the guy with the heart and the soul.'' Dimon, 68, got as far as visiting Home Depot stores and drawing up plans for moving. 'I actually shopped houses in Atlanta—we were taking it seriously—looked at schools for the kids,' Dimon continued. When the call came from embattled Bank One, Dimon admits speculators may have been 'surprised' by his move to take on the Chicago-based lender. 'I put half my net worth into it at the time, I tied my shoes to it—I was going to go with the ship or not,' he added. This story was originally featured on Sign in to access your portfolio
