1. Commonwealth Bank CEO Ian Narev is leaving. Here’s part of the CBA’s official statement:
Succession planning is an ongoing process at all levels of the Bank. In discussions with Ian we have also agreed it is important for the business that we deal with the speculation and questions about his tenure. Today’s statement provides that clarity and will ensure he can continue to focus, as CEO, on successfully managing the business.
You can read more here.
2. Violence erupted at a white nationalist protest in Charlottesville, in the USA. The Unite the Right rally turned into an ugly brawl with counter-protestors and sadly, a 32-year-old woman was killed when a car drove through the crowd. The suspected driver was 20-year-old James Fields. Two police officers also died in a helicopter crash “linked to the protests”. Here’s all we know about Fields, with video of the moment his mother found out he might have killed someone. And here are photos of how the violence escalated.
3. The US president issued a statement in which he decried the “display of hatred, bigotry, and violence on many sides”, but is under fire for not calling out white supremacists specifically.
His daughter made her position clear:
1:2 There should be no place in society for racism, white supremacy and neo-nazis.
— Ivanka Trump (@IvankaTrump) August 13, 2017
Airbnb, meanwhile, made no bones about what it thought was the right thing to do. As listings in the area started to fill with AltRight groups, the house-sharing platform blocked the users’ accounts and booted them.
4. US inflation data missed, again, but the dwindling prospect of a rate hike at least helped the S&P hold its ground. It still finished the week down 1.4% — its worst weekly performance since March. The Aussie dollar is climbing again as US inflation data comes up short and iron ore might have found its footing again after Friday’s plunge. And it’s a big week of data ahead for Australian markets. Here’s Sam Jacobs’ diary.
5. Usain Bolt pulled up lame in his last race, and collapsed in front of fans at the IAAF World Championships in London. Mo Farah missed out on his fifth consecutive double gold. But Australia’s Sally Pearson took gold in the 100m hurdles in her first major global championship since 2013 after four years of injury. Champion.
6. Meanwhile, at the AFL in Melbourne:
Here’s another angle, and an outrageous claim of a whole salmon in his bag:
7. Bitcoin made it past $US4000 for the first time yesterday and is currently trading around $US4065. Ether is hovering around the $US300 mark. The world’s second biggest crypto got its start in 2014 through an Initial Coin Offering, a way to sell new digital currencies online. In July, people snapped up $US232 million worth of “tezzies”, which has in turn given Tezos, a startup building a “smart contracts” platform, enough to bankroll itself into a VC fund. What Rory said:
Nothing says bubble like raising cash for crypto coins then investing it in stocks and a VC fund https://t.co/3uKgRrNtT7
— Rory Cellan-Jones (@ruskin147) August 13, 2017
8. Dave Berke has had an ace life as an F-16, F-22 and F-35 fighter pilot and Top Gun teacher. These days, he helps Echelon Front, a leadership consulting firm started by a couple of SEALs Berke helped in the 2006 Battle of Ramadi. Here he his surrounded by the kind of leadership consultants you’d listen to:
And here are the two lessons which guided Berke through his military career for 23 years, and a breakdown of the famous “OODA Loop”, the military decision-making process that guides “every single thing” in life.
9. A former Apple employee found the badge he was given when he started working for the company in 2004. On the back were these 11 rules for success, and he notes they’re as valuable as ever today. And here’s a 12th rule for ultimate success – be a male born between 1981 and 1984. Here’s why.
10. Oh, and No 13 – just because you’re a Silicon Valley billionaire doesn’t mean you can buy a $US37 million beachside home then try to close access off to the popular surf spot in front of it.
BONUS ITEM: Fly like an eagle, something something carry me. Fly like an eagle…
Have a great Monday.
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