World Changing Ideas

Lego has been pushing its ambitious sustainability efforts for years . . . only to recently do an about-face (sort of) by telling us that it will continue manufacturing its blocks with petroleum-based ABS plastic. Even though the company promised to get rid of petroleum-based materials by 2030.

“Fast Company” senior editor Liz Stinson breaks down Lego’s recent announcement, which was more like “an excuse” or kind of an apology. In its efforts to redesign its bricks by using recycled plastic material, Lego decided that a) this kind of plastic just wasn’t going to be as good as the current ABS plastic used for its iconic bricks, and b) it would be more carbon intensive to have to retool its entire manufacturing process to make that work. So . . .it’s not exactly greenwashing, but it’s also not not greenwashing—and it highlights the interesting tension between what companies promise and what they can (or will?) realistically deliver.

And at the Innovation Festival last week, Yaz chatted with Jason Blum, founder and CEO of Blumhouse; David Gordon Green, director of The Exorcist: Believer; and Emma Tammi, director of Five Nights at Freddy’s. Tammi discussed adapting a popular video game into a successful movie, how to balance her artistic vision with fans’ expectations, and producing a movie that could stand on its own. Blum explained how The Exorcist was the ‘riskiest’ undertaking of his life . . . and how he begrudgingly gave up the perfect release date of Friday, the13th, to Taylor Swift since her Eras Tour film is coming out that day.

And speaking of movie production, we’ve also been following the WGA strike with its recent deal. 

So many CEOs make waaaay more than their workers. To use just one famous example, Apple CEO Tim Cook made more than $99 million in 2022. That’s 1,117 times the company’s median worker pay of $84,000 a year. ‘Fast Company’ deputy digital editor Morgan Clendaniel explains why CEO pay has increased exponentially over the years and discusses how that plays a significant role in overall income inequality.

Want to find novelty in your desk job? Michelle Khare discusses trying out all kinds of different jobs on her YouTube channel’s ‘Challenge Accepted,’ which just won Show of the Year at this year’s Streamy Awards. Having gone to Butler Academy, clown school, and worked as a runway model, Michelle says she’s learned that challenge and failure can still lead to personal growth. Another takeaway: The best managers are those who have done the job firsthand: Management training is ‘something we collectively need to address across corporate America.’

And check out the music video of ‘Back on 74’ by Jungle: https://www.youtube.com/watch?v=q3lX2p_Uy9I

For more info on Fast Company’s CEO Fair Pay Report, check out: https://www.fastcompany.com/90946788/out-of-control-ceo-pay-why-its-a-problem?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

FAST COMPANY INNOVATION IS NEXT WEEK! LAST CHANCE TO BUY TICKETS: https://events.fastcompany.com/innovationfestival23

OpenAI is reportedly nearing $1 billion in annual sales. There’s an AI arms race among big tech companies. AI is everywhere and on everyone’s mind, so we’re breaking it all down. Fast Company senior writer Mark Sullivan explains who the major players are—from Nvidia to Anthropic—why ChatGPT has had such a strong impact on society, and how Congress will decide to regulate AI.

Eleven Madison Park chef and owner Daniel Humm talks about the difficulties of running a fine-dining restaurant and why he decided to make the menu completely plant-based during the pandemic. The restaurant is celebrating 25 years in the global fine-dining industry with the new book, Eat More Plants, penned by Humm.

And we discuss Walmart’s search for a new CEO with healthcare experience.

Don’t forget to check out our Fast Company Innovation Festival! https://events.fastcompany.com/innovationfestival23

YouTube paid $14 billion for the rights to the NFL Sunday Ticket. For the next seven years, NFL viewers will be able to watch live football games from their living rooms—on YouTube.

Fast Company senior writer Ainsley Harris explains the reason behind this purchase: YouTube consumption is heavily fragmented. Everyone is watching YouTube, but very few people are watching together. Sunday Ticket is a cornerstone type of content and NFL games pull in millions of people. This move speaks to the long-term investment that YouTube is making in both live sports and live NFL games.

“We’re in an era of reckoning hypocrisies.” When Seth Rogen got into pottery a few years ago, he started sculpting ashtrays. Few people were putting a lot of thought into the lifestyles of people who smoked weed. But now, people are actually celebrating it. So, Rogen decided to create well-designed accessories, like ashtrays and grinders, to address the pent-up desire from weed smokers to decorate their space with nice things. “Crafting products that speak to your personal tastes and lifestyles is validating.” Say goodbye to your old soda cans.

And then we look into that rumor regarding The New Yorker article about Tiger Global.

Check out our upcoming Innovation Festival: https://events.fastcompany.com/innovationfestival23

Late last year, everyone thought we were headed for a recession. But now we’re doing great. What’s going on? James Surowiecki, author of The Wisdom of Crowds and a Fast Company contributing writer, explains how “Bidenomics” is actually helping boost the economy.

Courtney Tracy calls herself the truth doctor on TikTok. This came about after she’d dealt with a serious life event in 2019 and thought she needed to hide her struggle. She realized that if an up-and-coming licensed therapist was going to hide her mental health problems, what does that say about mental health overall? That we should hide it, be embarrassed about it . . . really? She was struggling, and she thought the world needed a therapist who was significantly struggling. So she called herself the truth doctor and, in fact, told the truth about her struggles to encourage other people to be honest with themselves and tell the truth about their struggles.

And we’re sorry to hear about Britney’s divorce . . .

Don’t forget to check out our upcoming Innovation Festival at: https://events.fastcompany.com/innovationfestival23

And apply for MIC! https://www.fastcompany.com/apply/most-innovative-companies

The Women’s World Cup is coming to an end this weekend! The international soccer championship is down to its final week in which Spain and England will be facing off in the final match. Fast Company senior editor Amy Farley and staff editor AJ Hess catch us up on the drama and break down what this tournament means for pro women’s sports.

Also, SKIMS cofounder and CEO Jens Grede explains how Kim Kardashian is like the Michael Jordan of the influencer generation and why the pumpkin spice latte is so important.

And Broadway’s back, baby! Our personal fave is Spamalot.

Don’t forget to sign up for our upcoming Innovation Festival on September 18-21: https://events.fastcompany.com/innovationfestival23

It’s looking like the future won’t be spent in the office. Based on a recent Deloitte study, 66% of mid- to executive-level financial services professionals do not want to come back to the office full-time. Writer and journalist Shalene Gupta breaks down the numbers and explains the impact that this will have on future pathways toward leadership.

And historically, financial advice has been “male, pale, and stale,” according to Vivian Tu. The popular FinTok influencer explains why she’s passionate about teaching financial literacy. In addition to her proprietary “STRIP” method for achieving financial independence, she recommends setting up a “money date” with a close friend. Find out how much they make and pay for rent, and what their various expenditures are, she suggests. Tu says we need to ask each other these questions so we can set realistic expectations. “That’s real intimacy. Get financially naked with your friends!”

And then we chat about periods, because they’ve been a taboo subject for so long, and . . . mustard Skittles, because that’s a thing.

Fast Company Innovation Festival is coming up! Check it out here: https://events.fastcompany.com/innovationfestival23

Find out more about Vivian Tu’s forthcoming book: https://www.penguinrandomhouse.com/books/735755/rich-af-by-vivian-tu/

The new visual platform, Spill, is not trying to become the next Twitter—it’s aiming to create an entirely new social media platform. Spill’s cofounder and CEO Alphonzo “Fonz” Terrell said he wants to create a fun, safer, and more rewarding space for its users, especially black, female, and queer folks. In order to create a safer and more inclusive community, Spill is building its algorithms based on specific data sets that will not just flag certain terms, but also look at who’s saying those terms. This will create a context-based model for content moderation. While the app is in its beta phase, it’s still invite-only; but since they’re moving at the “speed of culture,” Terrell said they’re aiming to scale up as soon as possible. There is already a vibrant kaleidoscope of diverse channels where “Spillionaires” are interacting and engaging with one another.

Then we talk about the resale industry with Charles Gorra, founder and CEO of Rebag. He explains how the market has shifted and consumers have gotten past the “ick” factor of resale. Now it means you’re a smart shopper and you’re contributing to a circular economy: “It’s not consumption anymore, it’s investment.”

And finally, we chatted about 46,000-year-old worms that may give researchers insight into how to “elongate” humans’ lives . . . maybe.

Our show today was produced by Mariam Kiparoidze with help from Avery Miles and Blake Odom. And special thanks to Max Ufberg for stepping in to host this week!

Mix and sound design by Tad Wadhams and our executive producer is Josh Christensen.

AI is poised to upend the music industry, and Fast Company Associate Editor David Salazar joins us to discuss what AI generative music is and how the music industry is combating it.

Antidiabetic medication Ozempic is all over the news these days, but it's not as new as it seems. Beyond the TikTok trends and celebrity shout-outs, it's been used to treat diabetes for years. But now talk of this medication has reached a fever pitch.

Found CEO Sarah Jones Simmer talks about how her company prioritizes comprehensive weight care management, the ongoing discussion about Ozempic, and the very complicated history of weight in this country. Basically, how do we thread the needle between self-acceptance and positive body image and the existing health challenges, like the skyrocketing rates of diabetes?

Then we discuss Barbenheimer because, well, we have to.