Summary:

- LVMH CEO Bernard Arnault has coined a new phrase, "promoted outwards," to describe when executives are fired or leave the company.
- Arnault explained that this term is more positive than "fired" and suggests that the executive is being moved to a new opportunity outside the company.
- This language reflects LVMH's strategy of maintaining good relationships with former executives, who may later return to the company or become valuable partners in the industry.