Grey Rock to Partner With Carbon Capture Leader Vault
Private equity firm Grey Rock Investment Partners has announced a partnership with carbon capture and storage (CCS) firm Vault CCS Holdings, LP, committing up to $150 million to fund additional growth of the company. CCS operations capture carbon dioxide that is formed during power generation and industrial processes...
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Morgan Stanley’s Co-President Predicts Period of Fundamental Shift
After 15 years of low interest rates and cheap corporate debt, global markets are poised for a “paradigm shift,” Morgan Stanley Co-President Ted Pick said at a New York financial conference in early June. “It’s an extraordinary moment; we have our first pandemic in 100 years...
What’s Causing the Labor Market Shortage?
In 2021, a staggering 47.4 million workers quit their jobs. For comparison, 42.1 million quit their jobs in 2019, which was then considered the tightest labor market in history. However, this does not explain the labor market shortage the U.S. is currently experiencing—at the end of April 2022, there were 11.4 million job openings...
U.S. Investors Barred From Buying Russian Debt, Stocks in Secondary Market
Beyond its ban on new-issue purchases, the U.S. Treasury Department has prohibited American money managers from buying any Russian debt or stocks in secondary markets. The announcement was posted on the department’s website...
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Credit Suisse Extends Losing Streak
Citing Russia’s invasion of Ukraine and significant monetary tightening, Swiss bank Credit Suisse said it expects to suffer a second-quarter loss, a sign that the firm’s recent volatility is likely to continue. Costly scandals and ousters led to management changes and restructuring during the past year...
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Digital Freight Booker Freightos to Go Public in Definitive Merger Agreement
Freightos Ltd., a booking and payment platform for the international freight industry, and Gesher I Acquisition Corp, a special purpose acquisition company (SPAC), have announced a merger in which the combined entity will be publicly listed on the NASDAQ. The merged company will be named Freightos and will be listed under the ticker symbol “FROS.”...
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Animal-health Technology Leader Covetrus Enters $4 Billion Acquisition Deal
Maine-based Covetrus, Inc. has announced it will be acquired by private investment firm Clayton, Dubilier & Rice (CD&R) and private equity platform TPG Capital in a $4 billion transaction. CD&R and its affiliates currently own 24% of Covetrus’ outstanding shares of common stock...
Why Women Make Better Bosses
Corporate boardrooms and C-suites are not exactly known for their diversity. For instance, in 2021, just six Fortune 500 chief executive officers were Black, while there were 40 Asian American and 20 Latinx/Hispanic CEOs...
Drastic Shift in World Economy Essential for Combatting Global Warming
The global climate goal is clear: Keep warming at or below 1.5°C for the next three decades. To do this, no less than an extreme overhaul of the world economy is necessary, according to bankers, academics, and policymakers attending the annual Green Swan conference on sustainable finance in early June...
Identifying the Best Key Hires (Pre-Interview)
No business can be successful without great employees. It seems like an obvious statement, but it bears keeping in mind, because not everyone you hire will end up being successful in your company. Sometimes, it boils down to fit. A new hire may just not fit the particular culture of a company. Maybe their attitude doesn’t mesh with the attitudes of current employees...
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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...