• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipCEO Daily

CEO Daily: Saturday, May 16th

By
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
By
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
May 15, 2015, 11:52 PM ET

Saturday Morning Post: The Weekly View from Washington

President Obama’s trade agenda survived its surprisingly rocky debut in the Senate this week. The upper chamber now is primed to approve handing Obama the extra clout he needs to finalize the massive Pacific Rim trade pact. But the big test still looms in a hostile House. We penciled out the House math here earlier this month, and it hasn’t meaningfully budged.

To understand why, consider Adam Smith, a ten-term Democrat representing a largely residential chunk of Seattle and some surrounding suburbs. On paper, Smith’s support should be a slam-dunk. He’s one of 63 House Democrats who voted on the last fast-track bill, back in 2002, and one of only two from that group who supported it. He hails from a trade-dependent state with a heavy concentration of corporate giants rallying for the deal (the headquarters of Amazon, Costco, Microsoft, and Starbucks, among others, surround his district). And in Congress, beyond that 2002 vote, he’s distinguished himself as a pragmatist, including a stint in the leadership of the business-friendly New Democrat Coalition.

Yet Smith remains uncommitted to granting Obama the authority he helped secure for George W. Bush. His skepticism in fact reflects a decade-long drift tracking the national party’s growing wariness of trade accords. Republicans have ousted the staunchest pro-trade Democrats from Southern and border states, while redistricting has pushed survivors elsewhere into more liberal warrens. Smith started registering doubts in 2005, when he opposed the Central American Free Trade Agreement for what he called its insufficient labor protections. Pressure at home has only reinforced the position: His once-centrist district, redrawn in 2012, now leans heavily left. Smith last month sounded like somebody the White House shouldn’t even bother trying to convince. “To our average person out there, [the Trans Pacific Partnership] is another example of how corporations are for the super rich and not average people,” he told the Puget Sound Business Journal. “Does it make sense for CEOs to be making $40 to $50 million a year, when you have people working for you who don’t have health care?”

Say what you will about that logic. But if Obama’s trade push unravels, part of the blame will lie with the administration’s failure to extricate it from the surging populist animus in his own party.

Tory Newmyer
@torynewmyer
[email protected]

Top News

• Clintons Have Made $30 Million Since January 2014

From the “Nice Work If You Can Get It” file, the Clintons have pulled in at least $30 million in little more than a year from speaking fees and book royalties. You’ll recall that Bill Clinton recently insisted he’ll keep giving paid speeches because he’s “gotta pay the bills.” Considering the presidency comes with free government housing, full benefits, and a $400,000 salary, it begs the question: What kind of cable package does Bill have out in Chappaqua?  Reuters

• Export-Import Bank: Dead Bank Walking? 

Lest anybody forget the Obama administration’s trade agenda is in fact imperiled on two fronts, Export-Import bank chief Fred Hochberg is raising the alarm that his export credit agency could well fold up for good at the end of next month. Its charter is due to expire, and Tea Party-affiliated Congressional Republicans are targeting it as a corrupt bastion of crony capitalism. Hochberg argues that would amount to unilateral disarmament in a competition with other industrialized countries that happily support their own versions of the facility.  The Hill

• The Kremlin Is Pumping Money Into Washington

Maybe finish your breakfast before you read this one. The Russian government and allied industries are investing heavily in building a Washington influence machine - stuffed with former U.S. Senators - to try to bend American policymaking in their favor.  Bloomberg

Around the Water Cooler

• Jeb Wants to Replace Obamacare with Apple Watches

That’s likely oversimplifying it a bit. But it does seem to be what the still-not-quite-yet-declared Republican presidential hopeful suggested Thursday when he mused about a future in which smart watches chastise diabetics for eating butterscotch sundaes. For how, precisely, apps will render access to affordable healthcare coverage obsolete, maybe stay tuned for a white paper from his any-day-now official campaign.  Coins2Day

 

• The SEC Doesn’t Care that It's Enabling the Avon Stock Scam

Scammers are using the SEC’s disclosure database to game Avon’s stock price, and the SEC’s response essentially amounts to a deep shrug. In what was meant to be a defense of the agency’s approach, a spokesman explained, “It is a repository for what is filed, not what is accurate.”  Coins2Day

 

• WWDDD? (What Would Don Draper Do?)

With AMC’s Mad Men wrapping up its eight-year run with a series finale on Sunday, long-time fans of the show will find themselves suddenly bereft of the world-weary wisdom from the suits at Sterling Cooper. So Coins2Day checked in with the lead writers on the show to see what kind of financial advice their long-suffering protagonist Don Draper would dispense. Take with a grain of salt. Or bourbon and a Lucky Strike. Or however you like.  Coins2Day

About the Author
By Tory Newmyer
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Europe
Denmark offered to trade Greenland to the U.S. in 1910—and America thought it was crazy
By Steven Lamy and The ConversationJanuary 22, 2026
3 days ago
placeholder alt text
North America
Gates Foundation plans to give away $9 billion in 2026 to prepare for the 2045 closure while slashing hundreds of jobs
By Sydney LakeJanuary 23, 2026
2 days ago
placeholder alt text
Personal Finance
Sweden abolished its wealth tax 20 years ago. Then it became a 'paradise for the super-rich'
By Miranda Sheild Johansson and The ConversationJanuary 22, 2026
3 days ago
placeholder alt text
C-Suite
Jamie Dimon’s reality check for ambitious workers: ‘There’s going to be a grunt part to every part of a job. Get over it’
By Jake AngeloJanuary 23, 2026
2 days ago
placeholder alt text
Economy
'Some form of crisis is almost inevitable': The $38 trillion national debt will soon be growing faster than the U.S. economy itself, watchdog warns
By Nick LichtenbergJanuary 22, 2026
3 days ago
placeholder alt text
Energy
Elon Musk warns the U.S. could soon be producing more chips than we can turn on. And China doesn’t have the same issue
By Sasha RogelbergJanuary 22, 2026
3 days ago

Latest in Leadership

Virta Health CEO Sami Inkinen
SuccessPersonal Finance
The CEO of a $2 billion healthcare firm only felt rich after he paid off $100K in student loans—but that joy ‘disappeared’ in less than 3 days
By Emma BurleighJanuary 25, 2026
33 minutes ago
NewslettersDonald Trump
President Donald Trump is acting like the CEO of USA Inc. Is it the strategy America needs?
By Alyson ShontellJanuary 24, 2026
18 hours ago
Jake Miller, CEO of Fellow.
SuccessEntrepreneurs
This millennial founder got rejected 73 times before building a 9-figure coffee company. One more no, ‘I would have figured out how to sell a kidney’
By Preston ForeJanuary 24, 2026
20 hours ago
carolyn
CommentaryLeadership
When companies take off like a rocket, how can founders steer the ship?
By Carolyn DewarJanuary 24, 2026
20 hours ago
SuccessGen Z
Meet a 23-year-old electrician who was a ‘good student’ but skipped college to join Gen Z’s blue-collar revolution. He makes 6 figures
By Nick LichtenbergJanuary 24, 2026
21 hours ago
Dario Amodei looking up
AIAnthropic
Anthropic’s head of Claude Code on how the tool won over non-coders—and kickstarted a new era for software engineers
By Beatrice NolanJanuary 24, 2026
23 hours ago