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Larry Culp is set to continue leading GE Aerospace, with the company's board of directors approving a new employment agreement on June 30. This extension ensures Culp will serve as CEO and board chair at least until the end of 2027, with a possibility to extend his term through 2028....

A recent report revealed that 45% of businesses have aimed to reduce staff and labor through new task automation processes since January 2022. Additionally, 85% of these businesses cited improving speed and quality of output as their primary goal. The potential of AI tools continues to be explored, but their...

Paramount Global's co-CEOs updated their 20,000 employees on their strategies to cut costs, increase revenue, and reduce debt following the called-off merger with Skydance. The town hall, held on June 25 at the Paramount Theatre in L.A., featured insights from George Cheeks (President and CEO of CBS), Chris McCarthy (President...

“What can I do except worry? The engineering team are the only ones who can deliver the changes our customers need, but I can’t do anything meaningful to help them or keep them on track. So, I fret constantly about whether they’ll hit the end-of-quarter deadline.” My coaching client, the...

For decades, retirement has been synonymous with rocking chairs and shuffleboard. But a new wave of senior living communities is putting those stereotypes to bed, offering a plethora of activities, social connection, and a renewed sense of purpose. A smart businessperson should plan for their retirement in the same way...

Greek energy company Energean has announced an agreement to sell its assets in Egypt, Italy, and Croatia to Carlyle International Energy Partners. The deal is valued between $820 million (€763 million) and $945 million (€880 million). Energean, listed on the London and Tel Aviv stock exchanges, highlighted that the sale...

The European Union has reignited financial oversight rules that were previously suspended during the novel coronavirus pandemic, leading to renewed tensions with high-spending member nations over budget deficits. The reactivation of these financial regulations subjects eight countries—Belgium, France, Hungary, Italy, Malta, Poland, and Slovakia—to the EU's Excessive Deficit Procedure, joining...

CEOs of Richmond's largest publicly traded companies generally enjoyed pay increases in 2023, according to a BizSense analysis of recently filed proxy statements. Most of the top executives at the 22 biggest firms in the region saw their total compensation rise, with an average increase of 14% from 2022 to...

A recent surge in the stock market, real estate, and cryptocurrencies has led to a 4% increase in the number of ultra-wealthy individuals worldwide, according to a new report. The report from Knight Frank Wealth, a real estate consultancy, details the minimum net worth needed to be among the top...

Nuveen, the investment management arm of TIAA, has appointed William Huffman as the new Chief Executive Officer. Huffman, who previously served as president of Nuveen Asset Management and head of equities and fixed income, takes over from former CEO Jose Minaya. Before joining Nuveen in 2008, Huffman was the CEO...