Executive Insider

Wizz Air has faced significant opposition from its shareholders over plans to substantially increase CEO Jozsef Váradi’s compensation. The airline proposed a restricted share award for Váradi, equivalent to 300% of his rough $949,06 salary, sparking a backlash at its annual general meeting, where 34.42% of shareholders voted against the...

The roles CEOs play in every company are always multifaceted and demanding. It requires strategic thinking, adaptability, the ability to manage resources and people effectively and excel at communication. To stay competitive and improve organizational success, CEOs need the help of modern tools that can complement their skills. Financial Management...

Following the arrest of Telegram founder and CEO Pavel Durov in France last month, the messaging platform is making significant adjustments to its stance on user privacy and security. Durov was detained and questioned by French authorities over allegations involving criminal activities on the platform, including gang-related transactions and trafficking,...

The Tonga Supreme Court has ruled that the CEO and Executive Board of the Tongan Development Bank will remain in their positions despite an ongoing dispute with the National Reserve Bank of Tonga. The court also imposed restrictions on the Development Bank, prohibiting it from engaging in economic development activities...

UK retail giant Next is pivoting towards wealthier shoppers, responding to a growing trend of consumers opting for "fewer, better quality" purchases, according to CEO Lord Simon Wolfson. As the company raised its annual profit forecast to nearly $1.3 billion, it also revealed plans to cater to more affluent customers...

Australian pension funds Equip Super and TelstraSuper are in discussions to merge, potentially forming a $41 billion fund. This move marks another consolidation among smaller players in the pension industry. According to a statement released Wednesday, the boards of both funds have signed a non-binding memorandum of understanding to move...

OpenAI has announced that CEO Sam Altman will step down from the company's safety and security committee, which will now consist entirely of independent board members. This decision addresses concerns raised by critics about the committee's ability to effectively oversee OpenAI’s practices while Altman, the company’s CEO, was still a...

The Hong Kong Academy for Wealth Legacy (HKAWL) recently hosted its second summit, which saw a significant increase in attendance, with a 50 percent rise in participants compared to the inaugural event earlier this year. The three-day summit, held from Thursday to Saturday, attracted representatives from family offices across mainland...

Nik Storonsky, the founder and chief executive of Revolut, one of Europe's most valuable technology companies, has reportedly sold shares worth up to $300 million in the firm. Storonsky offloaded between 40% and 60% of the stock in last month’s secondary share sale, with the total transaction estimated to be...

The role of leadership in organizations has undergone significant  transformation in the past five years. As a result, what leaders have relied on in the past decade to drive results and enhance performance will not be enough to achieve success in the coming decade. Recent research from global consulting firms...