Money and Wealth

Pat McClain and Scott Hanson are planning to step aside as co-chief executives of $18 billion Sacramento, Calif.-based RIA Allworth Financial. Allworth's board has hired executive search company Heidrick & Struggles to help source an individual to replace the duo that founded the RIA 30 years ago. Scott Hanson and...

Fifty-four percent of chief financial officers (CFOs) indicated that their chief executive officers (CEOs) are putting pressure on cost reduction, focus on working capital efficiency, and risk management. While 40% said their CEOs want them to focus on strategy, performance management, revenue growth, and investment, that's according to a new...

Elon Musk, CEO of Tesla and SpaceX, has recaptured the title of "the richest person in the world," surpassing French luxury goods mogul Bernard Arnault, the president of group LVMH. According to the CEOWORLD magazine's list of the world's richest people, Musk's astronomical net worth increased by $3.71 billion as...

MUSK IS back in the news again. ELON Musk, the CEO of Tesla, SpaceX, and several other high-profile tech companies has seen his net worth increase to a staggering $255 billion due to a 136% surge in Tesla's share prices this year. This has effectively made him the world's only...

Dan Labbad, the Chief Executive of the Crown Estate, saw a significant increase in his annual earnings last year, receiving a total of £1.6 million. This amount marks a two-thirds increase from last year when he took home £945,000. Dan Labbad was appointed Chief Executive of The Crown Estate in...

As leaders, you wield a pivotal role in unlocking the success of your organisation. The act of sharpening your mind brings about substantial enhancements in the realms of clarity and flexibility. A mind honed to perform in such a way facilitates superior information processing and fosters cognitive flexibility and adaptability...

Being self-employed is an experience in itself. You are the boss of your time. You pick projects you like, work from wherever you want, enjoy day-offs with no paperwork, and whatnot. But, of course, self-employment comes with its own risks as well. After all, you can’t have anything without giving...

You’d often hear advice from high-net-worth individuals (HNWIs) not to put all your eggs in one basket. They will ask you to diversify your portfolio of investments. Why? Because it helps to reduce risk and enhance the likelihood of consistent returns. The more spread out your portfolio is, the more...

As an asset class, commodities are a great alternative because they have a low correlation to other assets. This means they tend to perform well when other assets can be underperforming. While you can buy some commodities and simply store them in your cupboard or safe – think gold or...

A fresh report indicates that the income gap between CEOs of S&P 500 companies and their employees has widened further. CEOs are paid substantially more than their workforce, but how stark is this wage gap really? A recent study conducted by CEOWORLD magazine scrutinized the top 100 largest corporations in...