Less than 10% of employees believe their bosses are demonstrating moral leadership

• In today’s CEO Daily: Diane Brady on the state of moral leadership in business.
• The big story: Alphabet could double capex spending; investors aren’t enthused.
• The markets: Mostly down.
• Plus: All the news and watercooler chat from Fortune.

Good morning. Good morning. As someone who has covered CEOs for decades, I think a lot about what makes a good leader, especially in this environment. It comes down to behaviors and practices, not intent.