The Power of Hidden Teams | Instacart's founder is worth a cool $1.3 billion after IPO—and today he cut all ties with the company | China wants to be the leader of the global south

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� The Power of Hidden Teams - Harvard Business Review    Two nurses. Same job; different hospitals. One provides great care for patients, the other doesn’t. Why? Jordan has worked at Stanford Health Care as a clinical nurse in the orthopedic department for the past three years. In a recent interview with us, she described how thrilled she is to be in a role whose entire purpose is helping people get better one by one. In particular, she loves what she calls the interdisciplinary approach, in which the family, the case manager, the physical therapist, the physician, the occupational therapist, the social worker, and the nurse all come together to choose the best care for each patient. Fritz has been a clinical nurse for about the same amount of time, but he works for a different department in a different hospital. He works the same long hours Jordan does, but unlike her, he is not part of an interdisciplinary unit. He is merely one of 76 nurses, all of them assigned to rotating shifts whose members change from one week to the next, and all of them overseen by two administrators and one nurse supervisor. He is struggling. He embarked on his nursing career with as much passion to help people as Jordan did, but now he’s tired, burned out, and thinking about quitting. (Jordan is a real person, whereas Fritz is a composite of several nurses we spoke with.) Continued here � � Instacart's founder is worth a cool $1.3 billion after IPO—and today he cut all ties with the company - Fortune    Instacart co-founder Apoorva Mehta is checking out with a $1.3 billion fortune following the grocery-delivery company’s initial public offering. Mehta, 37, who stepped down as chief executive officer in August 2021, relinquished his board position as executive chairman as part of the IPO proceedings to current CEO Fidji Simo, a former Meta Platforms Inc. executive. The transition marks the end of Mehta’s 11-year tenure with the company he co-founded in 2012.  In the last decade, the startup has transformed from a Webvan clone to the largest grocery-delivery business in the US. Revenue grew 31% to about $1.5 billion in the six months ended June 30, powered in part by a pivot to a higher-margin advertising business.  Continued here � � � Don't like ads? Go ad-free with TradeBriefs Premium China wants to be the leader of the global south - The Economist    It is not every day that someone from Xi Jinping’s inner circle drops a reference to Zhou Enlai, Mao Zedong’s chief diplomat. Yet Zhou’s dapper ghost hung over a recent speech given in Havana to developing-world leaders by Li Xi, boss of the feared Central Commission for Discipline Inspection. Indeed, the whole speech was filled with nods to the past. Mr Li recalled mid-20th-century struggles for “national independence and liberation”. He mentioned the “Bandung Spirit” and “Five Principles of Peaceful Coexistence”. That refers to the Bandung Conference of 1955, at which Zhou committed China to a path of non-aggression and non-interference in the affairs of other Asian and African countries. The discipline-enforcement boss was sent to Cuba as Mr Xi’s personal envoy to a summit involving China and emerging economies from the G77 group. He promised that China will “always be part of the developing world and a member of the global south”, no matter how advanced it becomes. By way of explanation, Mr Li reached back into history. China is forever bound to other nations that fought colonial-era “exploitation and oppression”, he said. Mr Li, a member of the Politburo Standing Committee, the top leadership body, was not speaking off the cuff. Nor was his cold-war history lesson a one-off, inspired by the sight of shark-finned old Cadillacs chugging through Havana. China has launched a new, concerted campaign to present itself as a natural leader for the developing world, starting with countries that have painful memories of bullying by colonial powers or by America. Continued here

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