Mercedes isn’t losing any sleep over the Apple Car

Andy Grove of Intel said only the paranoid survive. This kind of complacency is what has made them lose the design war to BMW

Fortune

At least one major car executive is less than concerned about the idea of Apple getting into the automotive game.

Dieter Zetsche, chairman of of Daimler AG and head of Mercedes-Benz, said he isn’t losing any sleep over the rumors of an Apple Car, according to Australian car website Motoring.

“If there were a rumor that Mercedes or Daimler planned to start building smartphones then [Apple] would not be sleepless at night. And the same applies to me,” he said.

Rumors of an Apple Car have been swirling for weeks thanks to reports that the Cupertino tech giant has been hiring engineers for an automotive project. It’s still unclear what an Apple Car might look like, what it would do or if it will ever exist at all. Still, Apple getting into the car industry would be a major new entry to the sector.

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The real boss behind Coke’s secret formula

great relationships constitute the real secret formula of enduring business success.

Fortune

If you could line up all the senior executives inside Fortune 500 companies over the years and rate them by power and influence, one guy would stand ahead of most of the CEOs—and outrank every other executive who vied for the brass ring and, like him, never got it.

Donald R. Keough, the former president and COO of Coca-Cola who died Tuesday at age 88, was arguably the most powerful non-CEO in recent memory. Guiding Coke’s global expansion and steering the company through management upheaval, Keough outlived a parade of Coke chiefs and probably mattered more than any of them.

Warren Buffett recalls the moment 30 years ago when Coca-Cola [fortune-stock symbol=”KO”] made one of the worst blunders in marketing history—by replacing flagship Coke with a new formula, calling it New Coke, and resisting a firestorm of consumer anger. Roberto Goizueta was CEO back then, and Keough was his president…

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