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Australia's Star Entertainment Group has named Steve McCann, formerly of Crown Resorts, as its new CEO and Managing Director, as part of a strategic initiative to maintain the casino license for The Star Sydney. McCann's appointment will be effective from July 8, 2024, pending regulatory approvals. McCann, who significantly contributed...

The co-founder of OpenAI, who departed from the leading artificial intelligence startup last month, has revealed his new initiative: a company focused on creating safe and powerful AI that might challenge his former employer. Ilya Sutskever shared the news about his new enterprise, Safe Superintelligence Inc. (SSI), in a post...

Permira, the global private equity firm, has announced a leadership transition effective September 1, 2024. Brian Ruder and Dipan Patel will step into roles as Co-Managing Partners and Co-CEOs, while Kurt Björklund will move to the position of Executive Chairman. Brian Ruder, who joined Permira in 2008, currently serves on...

The idea of incentives seems very simple. Set a goal and offer a reward for achieving it or a punishment for not. Many leaders believe that this is their primary work. To set targets and build incentives for teams to reach them. There’s just one problem: It doesn’t work. In...

In the realm of international service organizations, the Lions Clubs International (LCI) stands out as one of the most venerable, with over 100 years of answering the needs of people and the planet. The fact that LCI has been able to fulfill its mission for more than a century is...

Business confidence among CEOs of multinational corporations in China has seen a marginal improvement over the past six months, according to the latest Conference Board Measure of CEO Confidence™ for China. This semi-annual survey, which includes CEOs from predominantly US and European multinational companies operating in China, revealed an increase...

In a highly contested referendum, Tesla shareholders have approved a $45 billion compensation package for CEO Elon Musk. The result, announced on Thursday, marks a significant moment as Musk defends the largest-ever pay deal for a US-listed company's executive. This outcome follows a Delaware judge's decision in January to nullify...

The BNB token, a cryptocurrency associated with Binance and its co-founder Zhao Changpeng, surged to a record high during the first week of Zhao's four-month jail sentence in the United States. This rally highlights Zhao's unique status as the wealthiest individual ever to serve time in a US federal prison....

Founded in 1980 in Carros, Arkopharma specializes in phytotherapy, natural medicines, and dietary supplements. Recently, the European leader in this field announced Christophe Mossé as its new CEO. Christophe Mossé, with extensive experience in the pharmaceutical sector both in France and globally, is set to lead Arkopharma and oversee the...

At 61 years old, Nvidia CEO Jensen Huang has ascended to the 13th spot on the global rich list, propelled by his instrumental role in advancing artificial intelligence (AI) semiconductor technology. With a 3.5% stake in Nvidia, totaling approximately 86.76 million shares, Huang has seen a meteoric rise in wealth...