archiveWealth Insider

Atlassian, the Sydney-based software juggernaut led by Australian tech billionaire Scott Farquhar, is undergoing a significant leadership transition. Farquhar, a co-founder and joint CEO, will step down from his role at the end of August to prioritize spending time with his young family and delve deeper into philanthropic endeavors. Farquhar's...

In the aftermath of the Annual Shareholders' Meeting 2024, BASF SE stands poised at a juncture of transition and fiscal realignment, with Dr. Markus Kamieth ascending to the esteemed position of Chairman of the Board of Executive Directors. The ceremonial baton-passing, held at the Rosengarten Congress Center in Mannheim, Germany,...

Bank of America and Goldman Sachs shareholders rejected proposals to split the chair and chief executive roles, defying calls for improved corporate governance from proxy advisers. Proxy advisers Institutional Shareholder Services Inc. (ISS) and Glass, Lewis & Co. (Glass Lewis) recommended stripping Goldman CEO David Solomon and BofA CEO Brian...

Kevin David Lehmann, a relatively unknown figure in the public eye with a net worth of approximately $2,9 billion, commands an impressive 50% stake in Germany's renowned drugstore chain, dm (Drogerie Markt), which boasts an annual revenue exceeding $14 billion and operates more than 4,000 outlets across Europe. In 2023...

The world's five wealthiest individuals under the age of 30, hailing from two prominent families, boast a collective net worth approaching $24 billion in the current year. The Mistries, based in Ireland, comprise Zahan and Firoz Mistry, aged 25 and 27, with individual net worths of $4.9 billion each. Primarily...

As of 2023, Italy's nominal gross domestic product (GDP) was approximately 2.18 trillion US dollars. This puts Italy at the 8th position in the world GDP ranking, following the United States ($26.94 trillion), China ($17.70 trillion), Germany ($4.42 trillion), Japan ($4.23 trillion), India ($3.73 trillion), the United Kingdom, and France....

Bloom Energy Inc. (NYSE: BE) has announced the appointment of Daniel Berenbaum as its new Chief Financial Officer, effective April 29, 2024. Berenbaum, a seasoned financial and operational executive with over thirty years of experience, will succeed Greg Cameron, who will support the transition until mid-May 2024. Berenbaum's impressive career...

QinetiQ Group, a global leader in technology and defense solutions, is set to undergo a significant transition in its executive leadership with the appointment of Martin Cooper as the group's new Chief Financial Officer. Cooper will succeed Carol Borg, who is stepping down from the role with the board's agreement....

In today’s volatile markets and global environment, businesses must be able to react quickly to both opportunities and challenges. Therefore, maintaining positive cash flow is more critical than ever before.  It’s important to recognize the many points at which cash flow can be impeded, and implement better practices. One key...

Artificial Intelligence (AI) is having a significant impact on various industries, including manufacturing, retail, healthcare, travel, and more. Many organizations are either implementing AI or are planning to do so. However, it's worth noting that 70 percent of digital initiatives fail to meet their objectives. Therefore, it's crucial to have...