archiveCentimillionaires Insider

Nestlé shares took a hit following the unexpected departure of CEO Mark Schneider, who was replaced by longtime company veteran Laurent Freixe. Schneider’s sudden exit, announced late Thursday after a board meeting, marked the end of his nearly eight-year tenure as the first external leader of Nestlé in almost a...

During my work with CEO Forums, visibility has found its way to the forefront of many recent conversations about how group members can maximize the value of their experience together. When I ask the CEOs to talk about how they want to benefit from the group over the next 12...

Jaimie Lowe, an expert global consumer brands executive, adds value and financial wellness to international companies via years of pertinent experience. Financial planning and analysis operations provide a data-driven foundation for a company’s key business decisions. FP&A activities, along with the firm’s treasury, risk management, and investor relations functions, play...

Madhapar, a village in Gujarat's Kutch district, has earned the distinction of being the world’s richest village, with approximately $600 million deposited across 17 banks. Home to 7,600 households, this prosperous village owes much of its economic success to its significant non-resident Indian (NRI) population. Madhapar defies the image of...

A recent study by the Tax Justice Network reveals that governments could generate an additional $2.1 trillion annually by implementing a wealth tax similar to Spain's, which targets the wealthiest 0.5% of households. This amount is twice what is needed each year to fund climate finance for developing nations, a...

Susan Wojcicki, the former CEO of YouTube, has passed away at the age of 56. The news was shared by her husband, Dennis Troper, who revealed that Wojcicki succumbed to a long battle with lung cancer. Wojcicki's academic journey began at Harvard University, where she earned a Bachelor’s degree in...

New research reveals that more than half (51%) of small Australian retailers are falling short of their financial expectations. On the flip side, 49% of these businesses are either meeting or surpassing their forecasts, showcasing a mixed outlook for the sector. The research, conducted by the Queensland University of Technology...

In today's fast-changing market, businesses face a lot of challenges, from technological changes to shifting consumer preferences to rising global competition. For these reasons and many more, nearly 20% of small businesses will fail in the first year, with more businesses doomed to fail in subsequent years, data from the...

A significant portion of Americans do not possess substantial savings. According to the Federal Reserve's Survey of Consumer Finances, the median balance in Americans' transaction accounts, encompassing checking, savings, and money market accounts, stands at $8,000. The financial landscape is markedly different for the wealthiest Americans. While it is anticipated...

A comprehensive analysis of 20,000 metal objects from Bronze Age Europe suggests that human economic behavior has remained remarkably consistent over the past 3,500 years. This research challenges the traditional view that elite control dominated Bronze Age economies and instead proposes that market economy principles were in play much earlier...