As of August 03, 2023, Stefan Persson was the wealthiest person in Sweden, with an estimated net worth of 18.2 billion U.S. dollars, followed by Antonia Ax:son Johnson (No. 2, $9.5 billion), Melker Schorling (No. 3, $9.4 billion); and Finn Rausing (No. 4, $9.3 billion). Kirsten Rausing is the fifth-richest person...

As of August 03, 2023, Gianluigi Aponte was the wealthiest person in Switzerland, with an estimated net worth of 30.9 billion U.S. dollars, followed by Rafaela Aponte-Diamant (No. 2, $30.9 billion), Ernesto Bertarelli (No. 3, $9.6 billion); and Ivan Glasenberg (No. 4, $9.2 billion). Magdalena Martullo-Blocher is the fifth-richest person in...

As of August 03, 2023, James Ratcliffe was the wealthiest person in the United Kingdom, with an estimated net worth of 23.0 billion U.S. dollars, followed by Michael Platt (No. 2, $16.0 billion), James Dyson (No. 3, $9.8 billion) and Denise Coates (No. 4, $7.8 billion). John Reece is the fifth-richest person...

Why do the entrepreneurial firms exist?  CEOs must revisit the question as to why do their entrepreneurial firm exists? This may not be an extension to the reason of the term transaction cost with a reference to the “cost of using the price mechanism” as described in the ‘Nature of...

JPMorgan Chase & Co. (JPM) Chief Executive Jamie Dimon criticized Fitch's decision to downgrade the U.S. government's credit rating, calling it “ridiculous.” “I would point out to the rating agencies if I could that there are a bunch of countries rated higher than us, like AAA, but they live under...

Debra G. Perelman, who served as Revlon's CEO and President for five years and worked at the company for over two decades, has resigned from her positions and board membership. Elizabeth (Liz) A. Smith has been appointed as the interim CEO with immediate effect. Debra G. Perelman has served in...

When Russia invaded Ukraine on February 24, 2022, the price of oil soared, and inflation was officially introduced to the world for the first time in the 21st century.  While the price of gas actually plays a small role in sustained inflation, affecting just 3.1% of the Consumer Price Index...

When I signed on the dotted line to acquire my first office space, I had no idea about the growing list of responsibilities I’d be facing nearly twenty-five years later. Being an owner, entrepreneur, and C-suite leader today is a tall order.  The pressure to do more with less and...

U.K. telecom giant BT Group plc (“BT Group”), appointed Allison Kirkby, a board member and the chief executive of Swedish telecoms company Telia, as its first female chief executive, replacing Philip Jansen --- who has been in charge for over four years. Kirkby, a non-executive director at BT since 2019,...