The one good monopoly

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“Intelligence tools have changed what it means to build and run a company,” Jack Dorsey, Block’s CEO, said in a letter to shareholders on Thursday. “We’re already seeing it internally. A significantly smaller team, using the tools we’re building, can do more and do it better. And intelligence tool capabilities are compounding faster every week.” Block is the parent company for online payment platforms such as Square and Cash App.

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"There's a tremendous amount of succession planning happening at the moment. And there is the reality that the pipeline of 'ready-now' CEOs has decreased over the last several years," she says.