
Good morning. Good morning. As someone who has covered CEOs for decades, I think a lot about what makes a good leader, especially in this environment. It comes down to attitudes and actions, not intentions. Dov Seidman, founder and chairman of LRN and the HOW Institute for Societyhave been studying the criteria around the characteristics of leaders for as long as I have been reporting on it. I got an exclusive look at the institute 2026 study of the state of moral leadership in businessthat asked more than 2,500 US workers to assess the presence of moral leadership behaviors in their organization, ranked managers and companies into five tiers, and correlated that with business results.
Some findings: 78% of employees in top-tier companies feel that they have satisfied customers, compared to 14% in the lower tier; while 83% of respondents said their company encourages new ideas, compared to 4% below. Your boss is also important, as 3% of those reporting top-tier managers in the least polarized workplaces want to leave their positions, compared to 18% reporting of lower-tier bosses. So I asked Seidman for tips on what leaders can do to break into that top tier. Some advice:
· Tell the truth, even if doing so creates personal risk.
· Make amends when you’re wrong—apologise, genuinely.
· Explaining decisions in the context of how they relate to the organization’s purpose.
· Help others develop the wisdom to make the right call.
· Enlist your team on a journey of moral leadership.
About 94% of employees in the study said the need for moral leadership is more urgent than ever but less than 10% of CEOs were judged to be leading effectively. “If you can get yourself to a high level, the benefits are enormous,” Seidman told me yesterday. “You build resilience, loyalty, and get better results.” You can read the full study here.
Contact CEO Daily by Diane Brady at [email protected]
Top leadership news
Alphabet plans to double capex spending to a possible $185 billion, and investors aren’t too keen
On this Wednesday fourth quarter earnings callAlphabet CEO Sundar Pichai and chief financial officer Anat Ashkenazi revealed that the $4 trillion tech giant will spend between $175 billion and $185 billion in capex in 2026, potentially doubling the $91.4 billion it spent in 2025 and a far cry from the $52.5 billion spent recently in Q2424 Alphabet’s capital, $2424. billion. Investors were disappointed: The stock fell 1.96% at the close and lost an additional 0.39% in overnight trading.
Why Oura sticks to a subscription-based model
Despite consumers increasingly weary of subscription-based business models, the smart ring maker recently announced it is keeping its monthly fees. “Oura’s membership model is what powers continuous innovation, and we’ve seen strong evidence that members continue to find meaningful value every month with best-in-class retention rates,” CEO Tom Hale said Fortune.
Why OpenAI may be getting IPO plans
In a recent episode of his podcast, NYU Stern marketing professor and tech analyst Scott Galloway proposed that a reported 2026 IPO for OpenAI may not happen as the AI market becomes more competitive. CEO Sam Altman’s “closeness” to President Donald Trump is also a liability, according to Galloway.
Meta plans to make the data center even bigger
Meta has bought an additional 1,400 acres around the 2,250-acre data center in Louisiana, Fortune learned while visiting the project. The data center is now twice the size of Manhattan’s Central Park.
The markets
S&P 500 futures are flat this morning. The last session closed at 0.51%. STOXX Europe 600 flat in early trading. The UK’s FTSE 100 down 0.14% in early trading. Nikkei 225 in Japan fell 0.88%. CSI 300 in China fell by 0.6%. The South Korean KOSPI increased by 3.86%. NIFTY 50 in India fell to 0.57%. Bitcoin decreased to $71.2K.
Around the watercooler
Tech stock free fall makes no sense, BofA says in rebuke to investors as it doubles down on sector longevity by Nick Lichtenberg
Ken Griffin is apparently done ‘sucking’ the White House by Eleanor Pringle
Ray Dalio warns the world is ‘on the brink’ of a capital war to weaponize money—and gold is the best way for people to protect themselves by Sasha Rogelberg
Pinterest shuts down dissent, fires engineers for internal job cuts as AI shake-up keeps employees on edge by Marco Quiroz-Gutierrez
CEO Daily is compiled and edited by Joey Abrams, Jim Edwards, and Lee Clifford.




