Steve Kerr’s Incredible EQ
It hasn’t taken long for Steve Kerr’s success as a basketball coach to catch up to his success as a player. While Kerr the player was never a superstar, he certainly played alongside them—most notably with Michael Jordan while with the Chicago Bulls...
Chinese President Xi Jinping Lashes Out at Western Sanctions
Calling Western sanctions an act of “weaponizing” the global economy, Chinese leader Xi Jinping made a case for unity, speaking in advance of a summit with leaders of the BRICS (Brazil, Russia, India, China, South Africa) economic bloc of emerging economies...
JPMorgan Chase Pledges $30 Million to Support HBCUs
In an effort to help students achieve success in their careers, JPMorgan Chase has announced it will provide $30 million to historically Black colleges and universities (HBCUs). The five-year pledge enhances the bank’s 2019 plan, Advancing Black Pathways (ABP)...
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Warehouse REIT Prologis To Buy Duke Realty Corp in Record-Setting Deal
Prologis, a real estate investment trust (REIT), has announced that it will acquire Duke Realty Corp for about $26 billion, including debt. The all-stock deal would be one of the largest in the REIT industry. Duke shareholders will receive 0.475 of a Prologis share for each share held, as part of the transaction...
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ESG Data Firm EcoVadis Is Now a Unicorn
Private sustainability data firm EcoVadis has achieved “unicorn” status, reaching a $1 billion valuation after fundraising, the company’s Co-Chief Executive Officer told Reuters. Paris-based EcoVadis raised $500 million as companies are showing increasing interest in gauging environmental, social, and corporate governance (ESG) impact data...
How the Best CEOs Improve Their Mental Health and Acuity
Worker burnout and employee mental health are all over the news and have been for some time, and many partly attribute the current labor shortage to the widespread burnout that is evident across the economy. In fact, a 2021 survey by McKinsey & Company found that nearly half (49%) of workers are feeling at least somewhat burned out...
When Saving the Planet Hits the Bottom Line, Investors Take Notice
In the past few years, the financial industry has been coming to terms with the fact that there’s a link between taking care of the environment and its own economic well-being, with banks, investors, and insurers now urging companies to disclose nature-related risks. According to the World Economic Forum (WEF), $44 trillion of the world’s economic output depends on animals and ecosystems...
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Strategists Fear Triple Threat to World Economy
With markets expecting the Federal Reserve to hike interest rates nine or 10 times before early 2023, global market analysts predict three key consequences, according to CNBC. First is the fear of a global recession. “The Fed, to a certain extent, is the world’s central banker,” Kristina Hooper, global market strategist at Invesco, told CNBC...
Goldman Sachs Begins Trading Ethereum Derivatives
Amidst a declining cryptocurrency market, investment bank Goldman Sachs began trading a derivative asset linked to the second-largest cryptocurrency, Ether (ETH). The move marks the first time the bank has traded in crypto, signifying faith in the market, which has fallen to six-month lows recently...
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Retail Mega-Deal Has Kohl’s On The Block For $8 Billion
The Ohio-based Franchise Group has entered exclusive negotiations to purchase Kohl’s for nearly $8 billion, or $60 per share, marking the year’s biggest retail acquisition, should the deal come to fruition. In the three years since investor Brian Kahn founded the firm...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...