Gautam Adani, an Indian industrialist, came in second on the Bloomberg Billionaires Index. His estimated net worth is $147 billion, and from the year's beginning, it has increased by $70 billion. Although he passed Jeff Bezos ($147 billion), Elon Musk ($267 billion) is still well ahead of him. With a fortune of $152 billion, the Indian billionaire is ranked third by Forbes, surpassing Mr. Bezos...

The 83-year-old creator of the outdoor clothing firm Patagonia, Yvon Chouinard, has handed ownership of his business to a trust and nonprofit group that was especially set up to utilize the proceeds to fight climate change. Yvon Chouinard, 83, the creator of the Patagonia outdoor clothing firm, along with his wife and two daughters, have given ownership over the business to a nonprofit...

Apple staff members have expressed opposition to going from remote work to a part-time office schedule. The management of the company's choice to switch its personnel from remote work to a partial presence in the office has drawn criticism from U.S. Apple employees, according to a group statement posted on the Apple Together forum of the company’s employees. "Apple management has mandated a...

Trust is the currency of business, and companies need to build strong relationships with different parties. Fairness is one of the reasons for trust, including in business. Being fair to employees is difficult because the consequences are often indirect and not immediately apparent. To learn more about what unfair treatment of employees leads to, European researchers conducted an experiment....

According to documents posted on the Securities and Exchange Commission website, Sergey Brin, Alphabet's co-founder and top shareholder, sent to charity 1.07 million shares for a total of $127 million on August 8. Recipients of the share transfers are unknown. According to a source of U.S. Forbes, the millionaire donated them to the Michael J. Fox Foundation and the Sergey Brin Family Foundation,...

Approximately 23% of the personnel at the well-known trading platform Robinhood Markets will be let go as the online broker's business suffered as a result of a dramatic decline in user trading activity. The CEO and co-founder of the online broker, Vlad Tenev, stated on Tuesday, August 2 in a corporate blog that Robinhood will let go of 23 percent of its workforce. The first round of layoffs at...

Ulrich Körner, a specialist in asset management, has been named the new CEO of Credit Suisse. The Swiss bank, which is currently going through another round of management changes, has also announced a significant strategic review in an effort to move past a string of crises. Pressure has been building on the current CEO, Thomas Gottstein, for months because of controversies and losses that...

Due to the potential for a US economic slowdown, Google will reduce hiring for the remainder of the year. The firm advised employees to "work with enhanced speed and greater appetite". Earlier, Tesla, Microsoft, and Snap made recruiting slowdown or cutback announcements. Google anticipates slowing down hiring by year's end in response to a potential slowdown in the economy. Sundar Pichai, the CEO...

Many people still believe that "leadership" and "management" are inherent to certain positions. Research tells us that this is not the case. In the context of a modern organization’s structure, which is more than a century old, this means that leadership is handled by a few people at the top of the hierarchy, and the large group in the middle is responsible for management. In many ways, such...