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Leonard Livschitz, CEO of Grid Dynamics Holdings, Inc. (NASDAQ: GDYN), recently reduced his ownership stake in the company, selling 40,000 shares of common stock on December 24, 2024. According to a filing with the Securities and Exchange Commission, the shares were sold at a weighted average price of $20.53, amounting...

Oregon boasts one of the wealthiest billionaires globally, with Phil Knight, co-founder and former CEO of Nike, securing the No. 24 spot on the list of America’s richest individuals. The ranking, which evaluates 400 billionaires and their families in the United States, places Knight among the top 100 wealthiest people...

Many struggle to understand what culture is.  And they find it even harder to understand how to change it.  You’ll have seen many models of how to deconstruct culture.  They tell you to change your culture symbols, the organization’s beliefs, rituals, stories and other, forgive me, hokum.  Your HR department...

Indonesia has joined forces with 10 countries to combat illegal, unreported, and unregulated (IUU) fishing, aiming to enhance regional cooperation to protect fishery resources and ensure the sustainability of marine ecosystems. This collaboration was announced by Pung Nugroho Saksono, Director General of Marine and Fisheries Resources Supervision at the Ministry...

Turkish Airlines has been officially recognized by Guinness World Records as the airline flying to the most countries, cementing its status as a leader in global aviation. The record was confirmed at Santiago's Arturo Merino Benítez International Airport during the carrier's inaugural flight to Chile. This addition expanded Turkish Airlines'...

United International Holding Co.’s board of directors announced the appointment of Mohammed Galal as Acting CEO on December 15, tasked with managing the company’s operations during the interim period. In a statement submitted to Tadawul, the company specified that Galal’s appointment would take effect immediately and remain in place until...

A recent report from the Office for National Statistics reveals a stark reality: only the wealthiest 10% of households in England can afford the average home using the traditional affordability measure of five times a household’s annual disposable income. The figures underscore the widening gap in housing accessibility, with the...

A recent survey of 240 industrial manufacturing (IM) and automotive CEOs revealed cautious optimism about global economic prospects, with 74% expressing confidence in growth potential. Despite challenges such as economic uncertainties, supply chain disruptions, and workforce transitions, 80% of respondents anticipated positive outcomes for their respective industries. The KPMG 2024...

A court in Liechtenstein has appointed a curator to oversee the TiVi and Solkomtel foundations, the entities through which billionaire Zygmunt Solorz controls his Polish businesses. This decision comes amidst a heated succession dispute with his children. The conflict began in late September when Solorz's children issued a letter to...

As we enter the holiday season, for most of us, the spirit of gratitude becomes more pronounced in both our personal and professional lives. Thus, taking a moment to consider how business leaders can harness the spirit of the season to help improve employee engagement seems warranted. Why you might...