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New research across 50 countries finds family-owned businesses underperform for five years after a leadership transition -- and the culprit is usually the person leaving, not the person arriving.

The secondaries market for the biggest private tech companies has gotten scorching hot, and is potentially ripe for fraud.

PLUS: Warsh's plan for the balance sheet, and Iran negotiations take a toll.

Also: All the news and watercooler chat from Fortune.

Leaders using AI to justify workforce cuts are missing the real opportunity to build more capable organizations.

Diversifying your credit card points means you're safe from point devaluations at your favorite airline.

Gabrielle Judge, a content creator known as "Ms. Anti Work," has built an empire helping others decenter the 9-to-5 hustle and adopt a softer approach to work.

"I think for the vast majority of Americans, it will actually feel more normal, maybe happier," Cowen said. But lawyers and bankers are in for a shock.

Elon Musk has mandated two classes of shares, binding arbitration, and many other policies shareholder advocates hate in the Space X S-1.

The demand for Anthropic shares has proven explosive, and it's led to some pretty wild behavior in the secondaries market.