archiveDe Facto Director Insider

A global survey by KPMG, encompassing over 1,300 corporate leaders, reveals a strong confidence among top CEOs in their ability to steer their businesses toward prosperity, even as concerns about the global economy persist. The study highlights that 92% of CEOs plan to increase employee headcount over the next three...

As reported by Fox News, Sam Altman, CEO of ChatGPT maker OpenAI, has pledged $1 million to President-elect Donald Trump's inauguration fund. This contribution solidifies Altman's commitment, aligning with other tech industry leaders who are stepping up to support the incoming administration's mission to maintain America's dominance in artificial intelligence...

Chan Heng Fai Ambrose, Executive Chairman of DSS Inc. (AMEX: DSS), and Alset Inc., a company under his control, have made substantial investments in DSS stock despite challenging market conditions. Over the past year, DSS shares have dropped nearly 63%, significantly below their 52-week high of $3.08. On December 10,...

Countries participating in the Belt and Road Initiative (BRI) stand to significantly enhance their economic prospects, according to Andrei Ostrovsky, chief researcher at the Institute of Oriental Studies of the Russian Academy of Sciences. Ostrovsky explained that the BRI emphasizes joint development and mutual benefits for all member nations. To...

United International Holding Co., a financial services firm based in Saudi Arabia, announced on Sunday the passing of its CEO, Sakhr Abdulrahman Mohammed Al-Mulhem, who died on December 6. The news comes at a pivotal moment for the company, which recently marked its public debut on the Tadawul stock exchange....

ANZ has revealed its next CEO, with Nuno Matos set to assume the position on July 3, 2025, following the retirement of Shayne Elliott. Alongside his new role, Matos will join the boards of ANZ Group Holdings Limited and Australia and New Zealand Banking Group Limited as an executive director....

Amphibious vehicle technology, which was previously regarded as a niche solution, is now at the vanguard of global transportation innovation. Logistics, disaster relief, and resource management are being revolutionized by these adaptable vehicles, which are no longer restricted to specialized applications. They address critical issues that traditional transportation methods are...

Is that jingle bells, or a series of nonstop email notifications? The holidays have been a bustling time of the year for decades, but the 21st century really kicked things into overdrive. In fact, 2024 is the first year that average consumer spending in the United States on holiday gifts...

A recent survey by Prosper Insights & Analytics has highlighted a significant increase in jewelry purchases among younger consumers this holiday season. The findings indicate that 30% of individuals aged 18-24 plan to give jewelry as gifts, the highest percentage across all age groups. This trend reflects a shift in...

In the coming two decades, an estimated $84 trillion will transfer between generations in what is projected to be the largest-ever intergenerational wealth shift. However, not all billionaires plan to leave their fortunes to their heirs. Some, like Laurene Powell Jobs, have chosen to distribute their wealth in other ways....