archiveBillionaire Insider

Julius Baer (BAER (SWX)) has announced the appointment of Stefan Bollinger as its new CEO, effective February 1, 2025, following an extensive search by the Board of Directors. Nic Dreckmann, who has been serving as the interim CEO, will step down upon Bollinger’s arrival. Stefan Bollinger shared his eagerness to...

Bulgaria is experiencing one of the fastest population declines in the world, mainly due to high death rates, low birth rates, and large numbers of people emigrating. The population is predicted to decrease by 22.5% from 6.9 million in 2020 to 5.4 million in 2050. Additionally, Bulgaria is struggling to...

Flashlight Capital Partners, a KT&G shareholder, has called for a revision of the CEO compensation plan to address the company's stock price performance. Flashlight Managing Partner Capital Sanghyun Lee criticized KT&G's former CEO for receiving substantial compensation despite a 21% decline in KT&G's stock price, while the KOSPI (The Korea...

Turkey could significantly boost its foreign direct investment (FDI) inflows if it aligns its risk indicators and regulatory framework with those of its competitors, according to YASED's FDI Competitiveness Index. YASED's projections suggest that such alignment could place Turkey among the top 10. According to YASED's FDI Competitiveness Index, Turkey...

Every business owner hopes to achieve steady, sustained growth that builds and strengthens a company over time. But when it comes to scaling a business nationwide, some want to ride the wave of growth and push for expansion as quickly as possible. Others, like Randy French, founder and CEO of...

Peru's central bank decided to keep its benchmark interest rate unchanged for the second consecutive month, focusing on persistent core inflation despite the country's fastest economic growth in over two years. On Thursday, the central bank maintained the rate at 5.75%, aligning with the predictions of 10 out of 13...

In 2023, chief executives faced a higher risk of losing their jobs than missing out on their bonuses, according to research from the Australia Council of Superannuation Investors (ACSI). ACSI's 23rd annual CEO Pay in ASX200 Companies report analyzed the compensation of 145 of Australia's top executives. It revealed that...

The Venture Capital (VC) market creates the runway that drives new and compelling startups to enter key industries and the 2024 market forecast revealed an expected reach of $468.4 billion. Despite over 5 million startups joining the market in 2023, data indicates that 90% of startups will fail within the...

A recent study reveals that reskilling staff can save financial services firms up to $65,804 per employee. Research conducted by the Financial Services Skills Commission (FSSC) and PwC UK indicates that reskilling offers significant cost advantages compared to hiring new employees or making roles redundant. On average, reskilling a financial...

Carlos Slim's company, Grupo Carso SAB, is investing $1.2 billion to develop a gas field in the Gulf of Mexico, expected to begin production around 2026. This venture showcases a model for collaboration between Mexico's state oil company, Petroleos Mexicanos (Pemex), and private enterprises. The agreement between Grupo Carso and...