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FT and Schroders Business Book of the Year 2024 — the longlist

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FT and Schroders Business Book of the Year 2024 — the longlist

Books on Donald Trump’s finances and Bill Gates’ influence go head to head with titles about the challenges of artificial intelligence, the impact of demographic change and how business can do the right thing, in the race to be named Financial Times and Schroders Business Book of the Year.

Other titles vying to be judged the “most compelling and enjoyable” business book of 2024 range from the memoir of an investment bank trader to an in-depth exploration of the changing concept of the corporation, from an assessment of Amazon’s dominance to a powerful account of the tension between sustainability and resource demand.

More than 600 entries were filtered and reviewed by FT journalists. A longlist of 16 titles now remain in the running to become the 20th winner of the £30,000 award, which was first presented in 2005. Here they are:

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AI AND TECHNOLOGY

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Parmy Olson’s Supremacy: AI, ChatGPT and the Race that will Change the World, published next month, recounts the battle between OpenAI’s Sam Altman and DeepMind’s Demis Hassabis to develop the world-changing technology of generative AI, while also grappling with the ethical and commercial imperatives set by their respective backers at Microsoft and Google.

The Algorithm: How AI Can Hijack Your Career and Steal Your Future, by Hilke Schellmann, drills down into the impact of AI in the workplace, as an aid to recruitment and performance management. Schellmann warns how algorithms can amplify bias and cause more harm than good.

In The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power, Dana Mattioli takes a critical look at the influence of the dominant ecommerce and cloud computing company. Her book — echoing the title of Brad Stone’s The Everything Store (which won the award in 2013) — asks whether the group has become too big for regulators to stop.

Entrepreneur Raj Shah and technology strategist Christopher Kirchhoff tell the story of how they and others have shaken up US defence procurement in Unit X: How the Pentagon and Silicon Valley Are Transforming the Future of War. Shah and Kirchhoff turned to start-ups to revolutionise the way the US military is supplied and how war is fought.

The War Below: Lithium, Copper, and the Global Battle to Power Our Lives by Ernest Scheyder, goes to the heart of the dilemmas facing those who want to accelerate the shift to a more sustainable economy. Scheyder examines how the quest to mine critical minerals is setting policymakers, manufacturers, ecologists and scientists against each other.

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ECONOMICS

In Growth: A Reckoning, Daniel Susskind, whose timely book A World Without Work made the 2020 shortlist, turns his attention to the question of how to resolve the tension between the quest for growth at all costs — creating inequality and environmental damage — and the need to preserve what we value.

Andrew Scott returns to the question of how to cope with, and benefit from, improved life expectancy in The Longevity Imperative: Building a Better Society for Healthier, Longer Lives. Scott — co-author with Lynda Gratton of 2016 finalist The 100-Year Life — proposes ways to pursue an “evergreen agenda” that should help us to live sustainably and healthily for longer. 

In The Divine Economy: How Religions Compete for Wealth, Power, and People, Paul Seabright offers a novel economic analysis of religions. He describes them as the original platform organisations, rallying groups of users in mutually beneficial relationships just as Instagram or X do today, and points out how religious and secular groups can work together.

ORGANISATIONS

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Economist John Kay’s The Corporation in the 21st Century: Why (almost) everything we are told about business is wrong is a profound analysis of how the world of digital products and services is challenging the traditional view of the company. The book, out in late August, examines the future of what was once the pre-eminent organisational unit of capitalism, and how it and the wider economy are managed.

Alison Taylor picks up some of those challenges in Higher Ground: How Business Can Do the Right Thing in a Turbulent World, her guide for leaders struggling to balance clashing stakeholder demands, ESG investment requirements, and ethical questions that go far beyond the confines of their day-to-day business.

In Tribal: How the Cultural Instincts That Divide Us Can Help Bring Us Together, to be published in October, psychologist Michael Morris takes a deep and well-timed look at how leaders in business and politics can harness innate tribal instincts to positive effect, rather than allowing them to divide.

The Unaccountability Machine: Why Big Systems Make Terrible Decisions — and How The World Lost its Mind, by Dan Davies introduces readers to ubiquitous “accountability sinks” that allow responsible parties to avoid blame and therefore erode the foundations of society. Davies points to the ways in which mainstream economics supplanted the management theory of “cybernetics” that could have created a more positive outcome.

Robert Sutton and Huggy Rao outline a familiar picture of bureaucratic dysfunction in The Friction Project: How Smart Leaders Make the Right Things Easier and the Wrong Things Harder and offer plenty of practical ways that heroic “friction-fixers” can remove the grit of unnecessary meetings, overlong emails and poor management. But they also point to the importance of “good” friction in preventing hasty decision-making.

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BIOGRAPHY

The Trading Game: A Confession is Gary Stevenson’s vivid account of his time as a Citigroup swaps trader and the consequence. He made huge sums for his employer — and for himself — but also set himself on a path to burnout and the opposite of the freedom he had expected financial success to provide.

Billionaire, Nerd, Saviour, King: The Hidden Truth About Bill Gates and His Power to Shape Our World, by Anupreeta Das, published this month, takes a close and unflinching look at one of the world’s richest men in an attempt to disentangle Gates’ multiple complex interests and relationships, while at the same time exploring our obsession with billionaires.

Finally, Lucky Loser: How Donald Trump Squandered his Father’s Fortune and Created the Illusion of Success, by reporters Russ Buettner and Susanne Craig, investigates the former president’s finances. The book, due out in September, draws on tax information, business records and interviews with insiders to explore the truth behind Trump’s claims of having built a thriving multi-billion-dollar business empire. 

Entrepreneur and angel investor Sherry Coutu joins the judging panel for 2024. The jury is again chaired by FT editor Roula Khalaf and the other members are: Mimi Alemayehou, founder and managing partner, Semai Ventures; Daisuke Arakawa, managing director for global business, Nikkei; Mitchell Baker, executive chair, Mozilla Corporation; Mohamed El-Erian, president, Queens’ College, Cambridge, and adviser, Allianz and Gramercy; Peter Harrison, chief executive, Schroders; James Kondo, chair, International House of Japan; Randall Kroszner, economics professor at University of Chicago’s Booth School of Business; and Shriti Vadera, chair, Prudential and the Royal Shakespeare Company.

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The winner of the £30,000 prize will be the book that offers the “most compelling and enjoyable insight” into business issues. The shortlisted titles will each receive £10,000. The 10 judges reserve the right to add further books to the longlist ahead of the announcement of the shortlist on September 17. The winner of the award will be announced on December 9. Read more about the award at www.ft.com/bookaward. Consult a complete interactive list of all the books longlisted since the award began in 2005 at ig.ft.com/sites/business-book-award/

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Satellite images show Iran school strike hit more buildings than earlier reported

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Satellite images show Iran school strike hit more buildings than earlier reported

The bombing of an Iranian elementary school that killed some 165 people, many of them schoolgirls, included more targets near the school than has been initially reported, a review of commercial satellite imagery by NPR has found.

The images suggest that the school was hit on Saturday as part of a precision airstrike on a neighboring Iranian military complex — and that it may have been struck as a result of outdated targeting information.

The new images come from the company Planet and are of the city of Minab, located in southeastern Iran. They show that a health clinic and other buildings near the school were also struck. Three independent experts confirmed NPR’s analysis of the additional strike points.

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The strike points “look like pretty clean detonation centroids,” said Corey Scher, a postdoctoral researcher at the Conflict Ecology laboratory at Oregon State University.

“These certainly appear like detonation sites,” agreed Scher’s colleague, Oregon State associate professor Jamon Van Den Hoek.

Jeffrey Lewis, a professor at Middlebury College who specializes in satellite imagery, said the imagery was consistent with a precision airstrike.

The images show “very precise targeting,” Lewis told NPR. “Almost all the buildings [in the compound] are hit.”

A satellite image of an Iranian Revolutionary Guard compound taken on March 4.

A satellite image of an Iranian Revolutionary Guard compound taken on March 4, several days after an airstrike destroyed a school on the edge of the compound. The image reveals that half a dozen other buildings in addition to the school were struck.

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Iranian state media said 165 people died in the bombing, which struck a girls’ school. The school was located within less than 100 yards of the perimeter of an Iranian Revolutionary Guard naval base, according to satellite images and publicly available information. The clinic was also located within the base perimeter, although both facilities had been walled off from the base.

Israel has denied involvement. “We are not aware at the moment of any IDF operation in that area,” Israel Defense Forces spokesperson Nadav Shoshani told NPR on Monday. “I don’t know who’s responsible for the bombing.”

At a press conference Wednesday morning, U.S. Defense Secretary Pete Hegseth said that the U.S. is looking into what happened at the school. “All I know, all I can say, is that we’re investigating that,” Hegseth said. “We, of course, never target civilian targets.”

Given Minab’s location in the southeastern part of Iran, Lewis believes it’s more likely the U.S. would have conducted the strike than Israel. As one gets farther south and east in Iran, “a strike is much more likely to be a U.S. strike than an Israeli strike because of the type of munitions and the geographic location,” he said.

Esmail Baghaei, the spokesman for Iran’s Foreign Ministry, called the strike “deliberate” and said that the U.S. and Israel bombed the school in part to tie up Iranian forces in the region with rescue efforts. “To call the attack on the girls school merely a ‘war crime’ does not capture the sheer evil and depravity of such a crime,” he said.

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But Lewis said it’s more likely that the strike was the result of an error. Satellite images show that the school and clinic buildings were both once part of the base. The school was separated from the base by a wall between 2013 and 2016. The clinic was walled off between 2022 and 2024.

Lewis believes it’s possible American military planners had not updated their target sets.

“There are thousands of targets across Iran, and so there will be teams in the United States and Israel that are responsible for tracking those targets and updating them,” he said. “It’s possible that the target didn’t get updated.”

The Pentagon did not immediately respond to NPR’s request for additional information about the strike.

NPR’s Arezou Rezvani and NPR’s RAD team contributed to this report.

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Mojtaba Khamenei, son of former supreme leader, tipped to become Iran’s next head of state

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Mojtaba Khamenei, son of former supreme leader, tipped to become Iran’s next head of state

Mojtaba Khamenei, the second son of the assassinated Ali Khamenei, is being heavily tipped to succeed his father as supreme leader of Iran, which would pitch a hardliner into the task of steering the Islamic republic through the most turbulent period in its 48-year history and offer a powerful signal that, for now, it has no intention of changing course.

No official confirmation has been given and the announcement may be delayed until after the funeral of Ali Khamenei, which was on Wednesday postponed.

His son is believed to have been the choice of the Islamic Revolutionary Guard Corps (IRGC), and the Israeli defence minister, Gideon Saar, has warned he will be assassinated.

Ayatollah Seyed Khatani, a member of the Assembly of Experts, the body that chooses the new supreme leader, said the assembly was close to selecting a leader.

Rigid in his anti-western views, Mojtaba Khamenei is not the candidate Donald Trump would have wanted. Marco Rubio, the US secretary of state, said on Tuesday that Iran was run by “religious fanatic lunatics” – and Khamenei’s appointment is hardly likely to dispel that opinion.

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‘They were going to attack first’: Trump gives update on Iran – video

The choice of supreme leader is made by the 88-strong Assembly of Experts, who in this case are picking from a field of six possible candidates. His election would be a powerful if unsurprising symbol that the government is not looking to find an accommodation with America.

Trump has said the worst-case scenario would be if Khamenei’s successor was “as bad as the previous person”.

There has been speculation for more than a decade that he would be his father’s successor, which grew when Ebrahim Raisi, the elected president and favourite of Khamenei, was killed in a helicopter crash.

Mojtaba Khamenei was born in 1969 and studied theology after graduating from high school. At the age of 17, he went to serve in the Iran-Iraq war, but it was not until the late 1990s that he came to be recognised as a public figure in his own right.

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After the landslide defeat of Khamenei’s preferred candidate, Ali Akbar Nategh Nuri, in the 1997 presidential election, where he won only 25% of the final vote, various conservative Iranian groups realised the need to make changes to their structures and Mojtaba Khamenei was central to that project.

He was also seen as instrumental by reformists in suppressing the protests in 2009 that came after allegations the presidential election had been rigged, with his name chanted in the streets as one of those responsible. Mostafa Tajzadeh, a senior member of Iran’s reformist parties who was imprisoned after the vote, alleged that his and his wife, Fakhr al-Sadat Mohtashamipour’s, legal case was under the direct supervision of Mojtaba Khamenei.

In 2022 he was given the title of ayatollah – essential to his promotion. By then he was a regular figure by his father’s side at political meetings, as well as playing an influential role in the Islamic Republic’s Broadcasting Corporation, the government’s official media outlet often criticised for churning out dull political propaganda that many Iranians reject in favour of overseas satellite channels. He has also played a central role in the administration of his father’s substantial financial empire.

His closest political allies are Ahmad Vahidi, the newly appointed IRGC commander; Hossein Taeb, a former head of the IRGC’s intelligence organisation; and Mohammad Bagher Ghalibaf, the current speaker of the parliament.

His rumoured appointment and its hereditary nature has long been resisted by reformists. The former prime minister Mir Hossein Mousavi, referring to the long history of rumours about Mojtaba Khamenei succeeding his father as leader, wrote in 2022: “News of this conspiracy have been heard for 13 years. If they are not truly pursuing it, why don’t they deny such an intention once and for all?”

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The Assembly of Experts, in response, denounced “meaninglessness of doubts” and said the assembly would select only “the most qualified and the most suitable”.

Israel on Tuesday struck the building in the Iranian city of Qom, one of Shia Islam’s main seats of power, where the assembly was scheduled, but the building was empty, according to IRGC-affiliated media.

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Video: Senators Question Kristi Noem on ICE Immigration Tactics

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Video: Senators Question Kristi Noem on ICE Immigration Tactics

new video loaded: Senators Question Kristi Noem on ICE Immigration Tactics

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Senators Question Kristi Noem on ICE Immigration Tactics

Homeland Security Secretary Kristi Noem repeatedly refused to apologize for suggesting that Alex Pretti and Renee Good, two U.S. citizens shot and killed by agents, were domestic terrorists.

What we’ve seen is a disaster under your leadership, Ms. Noem. A disaster. What we’ve seen is innocent people getting detained that turn out are American citizens. I could talk about the culture that’s been created here. After the killings of Renee Good and Alex Pretti, when I spoke to Alex’s parents, they told me that you calling him a domestic terrorist — this was directly from them — the day after he was killed, a nurse in our V.A., Alex — one of the most hurtful things they could ever imagine was said by you about their son. Do you have anything you want to say to Alex Pretti’s parents? Ma’am, I did not call him a domestic terrorist. I said It appeared to be an incident of — I think the parents saw it for what it was. In a hearing — recent hearing before the HSGAC committee, C.B.P. and ICE officials testified under oath that their agencies did not inform you that Pretti was a domestic terrorist — during that hearing, stated during that hearing, I was getting reports from the ground, from agents at the scene, and I would say that it was a chaotic scene. How did you think that calling them domestic terrorists at that scene was somehow going to calm the situation? The fact that you can’t admit to a mistake, which looks like under investigation, it’s going to prove that Ms. Good and Mr. Pretti probably should not have been shot in the face and in the back. Law enforcement needs to learn from that. You don’t protect them by not looking after the facts.

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Homeland Security Secretary Kristi Noem repeatedly refused to apologize for suggesting that Alex Pretti and Renee Good, two U.S. citizens shot and killed by agents, were domestic terrorists.

By Christina Kelso and Jackeline Luna

March 3, 2026

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