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Rocket Companies CEO Varun Krishna wants to fuse Silicon Valley talent with Detroit grit

- In today’s CEO Daily: A playbook for blending two business cultures - The big leadership story: The AI darling of Big Oil - The markets: Mixed globally as investors await news of a Iran deal. - Plus: All the news and watercooler chat from Fortune. Varun Krishna is running one of the boldest culture experiments in corporate America—and every CEO managing a legacy workforce should be watching. The Silicon Valley veteran has spent three years as CEO of Rocket Companies deliberately fusing West Coast talent density with Detroit grit, a bet he’s now scaling across $16 billion in acquisitions and a 500,000-listing alliance with Compass. “Silicon Valley places a premium on intellect and intellect alone with the idea that, if you get a group of smart people together, you’re likely to win,” he told me.

Why it matters

It shows how a major mortgage lender is reshaping corporate culture to combine tech talent with traditional work ethic.