Power Sheet – August 21, 2015

The world is sick and tired of its leaders, or so it seems this morning.

-“China Blast Corrodes Faith in Leadership,” the WSJ headlines. In China, leaders aren’t supposed to let such disasters happen, especially when they damage middle-class homes; similarly, investors thought president Xi Jinping could stop the stock market from plunging and are bitter now that they find he can’t.

-Greek Prime Minister Alexis Tsipras resigned yesterday, having done the exact opposite of everything the voters elected him to do in the economic crisis.

-The U.K.’s Labor Party seems about to elect as its new leader Jeremy Corbyn, an avowed socialist and anti-leader who, as an MP, has voted against his party’s position some 500 times.

-In the U.S., Republicans pondering their party’s next presidential nominee favor Donald Trump, who has never held public office.

At a moment like this, it’s easy to forget there are actually plenty of admirable leaders performing excellently right now. Here are three I especially like. They’re all in business; they all run companies on Coins2Day’s new Change the World list of companies that are doing well by doing good; and they’re all less known than they should be.

–Doug Baker runs Ecolab, a specialty chemical company that focuses on water management, hygiene, and food safety. He and Ecolab are constantly winning awards for responsibility and ethical standards; most recently, Baker was named Responsible CEO of the Year by Corporate Responsibility magazine. All of which is nice, but what makes him worth our attention is that he also runs a knockout business. The stock, near an all time high, has nearly quadrupled since he became chief 11 years ago.

-Unless you have diabetes, you may not know Novo Nordisk. “We’re world famous in Denmark,” an executive once told me, wryly, at HQ in Copenhagen. Even if you know the company, you may not know the CEO, Lars Rebien Sorensen. For 15 years he has been directing the company’s longtime mission of helping people worldwide with diabetes, hemophilia, and other diseases. Independent research estimates that the company’s early efforts in China have saved 140,000 life-years from diabetes-related complications. And by the way, the stock is up by a factor of 22 during Sorensen’s tenure.

-You certainly know Whole Foods Market, and let’s acknowledge right away that its stock is near a three-year low. But I don’t care—co-CEO and co-founder John Mackey, a free-spirited vegan contrarian, is as ardent a capitalist as I know while also focusing the company on health, fairness up and down the supply chain, and the social consequences of his business. He’s passionate about profit because he can’t do anything else without it. His net worth is an estimated $100 million; he pays himself $1 a year.

I like all these leaders because they’re absolutely clear about their purpose, and they’re fulfilling it. They can cheer us up as we read the headlines.

What We're Reading Today

Greek Prime Minister resigns, calls for new elections

The move was expected after Alexis Tsipras battled to convince Greek legislators to approve an 86-billion-euro bailout. Elections will take place in September. NPR

Intuit decides to sell off Quicken

The decision to unload Intuit's flagship product is an effort to focus resources on its small business software and TurboTax. Coins2Day

Boeing, supplier race to produce 737 part

If GKN PLC can't create enough of an engine part that helps the plane slow down while landing, it could derail Boeing's plans for a record-setting increase in production of the jetliner. WSJ

Donald Trump, Mark Zuckerberg battle over immigration

Trump, the Republican presidential candidate, called out Zuckerberg for his work with Marco Rubio on immigration. The Facebook founder has fired back through his immigration advocacy group FWD.us, in which the group's president, Todd Schulte, calls deporting 11 million people "absurd." Inc.

Nelson Peltz joins Sysco's board

By gaining two seats - for himself and Josh Frank, an executive at Peltz's Trian Fund Management - the activist investor signals that further changes could be coming to the food service company. Peltz announced last week that he had bought 7% of Sysco shares. NYT

Building a Better Leader

Indra Nooyi's focus on design

It's not just packaging, but "rethinking the entire experience from conception to what’s on the shelf," says the Pepsi CEO. Harvard Business Review

Middle managers more likely to suffer from depression

Mangers and supervisors have the highest rates of depression in the office, according to a new study. Supervisors also have a high rate of anxiety. Washington Post

Worth Considering

Minority-owned firms lead in sales increases

In a new study, sales increases at minority-owned firms beat increases at white-owned companies. The number of minority-owned firms remains small compared to white-owned companies, however. Quartz

Uber to triple bookings this year

According to a potential investor presentation, the company plans to reach over $26 billion in global bookings next year. Reuters

Uniqlo offers four-day workweek

The Japanese retailer will extend the opportunity to 10,000 employees, who would work 10-hour days. CNN Money

Up or Out

Tim Warner will step away as CEO of Cinemark Holdings Inc. He will be replaced by former Dreamworks executive Mark Zoradi. Dallas Business Journal

Credit card processor TSYS Inc. Has named Patricia Watson CIO. She replaces the retiring, Ken Tye. WSJ

Australian oil and gas company Santos announced that CEO David Knox will step down once a successor is named. The Australian

Coins2Day Reads and Videos

These 51 companies are doing well by doing good

And changing the world along the way. Coins2Day

Second round of Ashley Madison data hits the web

This round of data dumped by hackers seems to focus on Avid Life Media, the site's owner, and CEO Noel Biderman. Coins2Day

Tesla partners with AirBnB

Elon Musk's company will give free Tesla chargers to qualifying AirBnB hosts in an effort to increase the prevalence of the superchargers for customers while they travel. Coins2Day

From big winner to big loser

Here's why Apple stock keeps getting crushed in the market. Coins2Day