archiveChief Fiduciary Officer Insider

Hotel Engine, a Denver-based travel tech startup, has recently secured one of the year’s largest funding rounds for a travel company, raising $140 million and achieving a valuation of $2.1 billion. The company, which initially focused on hotel bookings for business travel, is now broadening its offerings to include flights...

Mark Zuckerberg, CEO of Meta, has recently overtaken Jeff Bezos to become the world’s second-richest person. As of Thursday, Zuckerberg’s net worth reached a staggering $206.2 billion, narrowly surpassing Bezos, whose fortune stands at $205.1 billion. The Facebook co-founder now trails only Elon Musk, who leads the global rankings with...

HF Capital, the investment arm of the Haslam family based in Knoxville, has committed up to $725 million to support Ara Energy Decarbonization, a new unit of Ara Partners that aims to reduce carbon emissions in the energy sector across North America. The unit, led by former Pilot CEO Shameek...

Elon Musk, CEO of Tesla, voiced strong disapproval over reports that OpenAI, the company behind ChatGPT, may be planning a shift from its original non-profit structure to a profit-driven model. According to Musk, this kind of transformation could be in violation of legal standards. His reaction came Thursday in response...

As businesses grapple with the rapid shift toward digital transformation, the need for technology leaders who can skillfully navigate the complexities of AI has surged. Korn Ferry’s research highlights that over 82% of top executives anticipate artificial intelligence will have a major impact on their operations, reflecting the increasing demand...

Mukesh and Nita Ambani, among the wealthiest individuals globally, helm Reliance Industries, a conglomerate with annual revenues of $120 billion. With ventures spanning petrochemicals, oil and gas, telecommunications, retail, media, and financial services, the Ambanis are also known for their extravagant lifestyle and ownership of some of the most luxurious...

The satellite industry is undergoing a profound shift as major operators consolidate in response to the growing competition from SpaceX’s Starlink. During the operator panel at the World Space Business Week in Paris on September  16, Viasat CEO Mark Dankberg described the current landscape as a "quantum period of change,"...

OpenAI has announced that CEO Sam Altman will step down from the company's safety and security committee, which will now consist entirely of independent board members. This decision addresses concerns raised by critics about the committee's ability to effectively oversee OpenAI’s practices while Altman, the company’s CEO, was still a...

The UK government has announced the timeline for the introduction of its Electronic Travel Authorization (ETA) system, which will be mandatory for visa-exempt travelers starting in 2025. This post-Brexit measure aims to enhance border security and better manage migration. Starting January 8, 2025, citizens from Canada, the United States, and...

In a surprising reversal of an earlier ruling, a Swedish court has sentenced Birgitte Bonnesen, the former CEO of Swedbank, to 15 months in prison for issuing misleading statements that led to significant financial losses. This follows her initial acquittal by the Stockholm District Court in January 2023. The case...