Brooks stood as acting US Comptroller of the Currency from May 2020 to January 2021, having previously served as Chief Legal Officer of Coinbase Global. He became chief executive officer of Binance US at the start of May this year. However, during Brooks’ short time as CEO, Binance faced several regulatory issues around the world. […]
Frasers Group, which owns Sports Direct, House of Fraser, and designer fashion chain Flannels, has said it is holding discussions about transitioning the chief executive role to Michael Murray, who is currently Frasers Group’s head of elevation. Murray began assisting Ashley with personal property deals after meeting his daughter in 2011. He then began working […]
According to Forbes, Rihanna is now worth an estimated $1.7 billion, making her the wealthiest female musician in the world and the second richest female entertainer after TV host and philanthropist Oprah Winfrey. The majority of Rihanna’s fortune stems from the value of Fenty Beauty, which the singer launched in September 2017 and currently owns […]
At the last count, Berkshire Hathaway owned 152 million shares of American Express, giving the company a 19% stake. American Express’ stock price has rocketed this year, raising the value of Berkshire Hathaway's position to $26 billion, up from $18 billion at the start of 2021. This year, the financial services group has been one […]
Bill Gates and Melinda French Gates were one of the most prominent couples in global business, working together at Microsoft between 1987 and 1996. The couple married in 1994 and launched the Bill & Melinda Gates Foundation in 2000. However, more recently, Melinda expressed her discomfort with her husband’s connection with billionaire investor and convicted […]
The SpaceX subsidiary is in the final stages of securing a licence to establish a ground station on the Isle of Man. The company has already acquired the right to use particular spectrum bands, has acquired a telecoms licence, and has received the go-ahead to install equipment on the island. Alongside its bases in Cornwall […]
Square and Afterpay have entered into a “Scheme Implementation Deed” under which Square will acquire all of the issued shares in Afterpay. The transaction will be paid entirely in stock and is estimated to have a value of $29 billion. Like many other buy-now-pay-later companies, Afterpay has thrived during the pandemic as more shoppers have […]
On Friday, Xavier Niel announced a “simplified public tender” offer for Iliad shares at an offer price of $216 per share. The proposal saw a 61% increase for the stock on the Euronext Paris, boosting Niel’s net worth by $3 billion up to an estimated net worth of $10.4 billion. Niel owns approximately 70% of […]
With infinite stretches of white-sand beaches and a glistering azure lagoon, OZEN RESERVE BOLIFUSHI looks exactly like every image of the Maldives you’ve ever lusted over. We arrive at the island on a super luxurious catamaran and are greeted with cool towels, hand-crafted palm-leaf necklaces, kurumbas (or fresh coconuts), music, a traditional welcome feet scrub […]
On 29 July, after a bumpy few months and a fair share of troubled headlines, Robinhood founders Vlad Tenev, 34 and Baiju Bhatt, 36 each sold around $50 million worth of stock. The mobile-friendly discount brokerage, which pioneered commission-free stock trades, generated a profit of just under $2 billion in its public market debut. Following […]
The huge rise in hybrid working in the UK brought about by the impact of COVID-19 has seen individuals, teams and organisations work part of their time at their normal workplace and part of it remotely. For instance, NatWest Bank recently announced that nearly 90% of its workforce will take part in hybrid working, with […]
First, hierarchical bureaucracy is geared for predictability and risk avoidance. With digital ending up blurring industry boundaries unexpectedly, (de)globalisation and other social changes, turbulence becomes the norm. In a turbulent environment, practices are emergent; they escape replication. Cause and effect are often only discernible in retrospect. Risk management should give way to uncertainty management. Second, […]
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