5 ceos who successfully weathered a crisis

Share to Twitter Share to Linkedin Parker Conrad, ex-Zenefits, is now worth $2.2 billion thanks to the success of his new HR software startup Rippling. His cofounder is also a billionaire. S ix years after his first HR startup Zenefits blew up, Parker Conrad’s redemption is complete. He’s now a billionaire–with a net worth of $2.2 billion, by Forbes estimates–in the wake of his new HR startup Rippling’s lofty valuation of $11.25 billion. Back in February 2016, Conrad had resigned under pressure from Zenefits, while the former unicorn retrenched and slashed its valuation by more than half under new leadership. But by April that year–after spending time at home, depressed and binge-watching Star Wars movies while the Securities and Exchange Commission and state insurance commissioners opened investigations into his former startup–he was back with a new HR software startup, Rippling. He was filled with ideas for how to do things better this … [Read more...] about Fallen Unicorn CEO Is Now A Billionaire

PhonePe CEO Sameer Nigam (Image credit: Photo tweeted by @_sameernigam) Payments and financial services company PhonePe has clear plans to list on the stock exchanges some day and when ready the company will launch an initial public offering (IPO) in India, founder and CEO Sameer Nigam said. Speaking in an episode of CNN News18 ’s Bits to Billions, Nigam said that the company is also in the process of moving its registered entity from Singapore to India. Missed Bits to Billions? Watch it here: PhonePe Is Made In India, Will List In India: How Sameer Nigam & Rahul Chari Built A Unique Unicorn "We are moving our holding company to India, and we will list here. Our board has already signed off on it, it's just a matter of time now," he said. "We are a made in India company. Every office, data centre, and employee of ours is here. There is no reason why we should not contribute to wealth creation in this market." Close PhonePe's move to bring back its … [Read more...] about PhonePe is made in India and will list in India, says CEO Sameer Nigam

Wall Street, New York City (File image: Reuters) From 1999 to 2019, I managed money for some of the largest hedge funds in the world ( Millennium, Brevan Howard, ExodusPoint ). During that time, I generated positive returns for 103 consecutive months, which is quite possibly the longest such streak in hedge fund history. This extraordinary feat was made possible by my strict adherence to three key principles. First, I made sure that I had a method that turns the odds in my favour. Second, I had the discipline to stay with that system in good times, and bad times. Finally, it is vital to play with a bankroll that is large enough to ride out market fluctuations. Lose any one of these three things, and it becomes impossible to beat the market for any length of time. Have A System : As a professional gambler who accidently landed on Wall Street way back in 1993, I have always had a keen sense of the odds in any game. I played blackjack because it is the only game where a … [Read more...] about How I beat Wall Street for 103 consecutive months

WEARINGTWO HATS Incoming CEO of the land, Ferdinand “Bongbong” Marcos Jr., has decided to concurrently manage the Department of Agriculture. —REUTERS Incoming President Ferdinand “Bongbong” Marcos Jr., who will be inaugurated as the 17th president of the Philippines on June 30, made the unorthodox decision to concurrently take on the role of secretary of agriculture. At a press conference, he said, “ .. As to agriculture, I think that the problem is severe enough that I have decided to take on the portfolio of the secretary of agriculture at least for now. We will rebuild the value chain of agriculture.” With this statement, one wonders, how severe is the problem? While rebuilding the value chain (the integrated range of goods and services necessary for an agricultural product to move from the producer to the final consumer) is important, there is in fact something more urgent: a hunger crisis. In March of 2021, the New York Times already reported that “a global food crisis … [Read more...] about What awaits President/Agri chief Bongbong Marcos?

Share to Twitter Share to Linkedin It's going to be a busy summer travel season. And different. The summer travel advice from experts is different, too. Domestic travel volume will rise 16% over last year, with almost 75% of Americans planning to travel domestically for summer vacations, according to Allianz Partners' Top 10 Summer Destinations review . And travel to Europe will soar 600% over last year. ​​ "The floodgates have opened," says Valentina O'Kane, owner of Incognito Global Travel , an affiliate of Embark Beyond. "People are rushing to get out there again. The popular tourist destinations are overbooked, with little if any availability. They are going to be overcrowded and overpriced this summer." I just interviewed 200 top travel experts about what lies ahead for travel. Here's part one of my series , which outlines what to expect in the next three months. There are two important takeaways. Covid is far from over, so you may … [Read more...] about Expert Summer Travel Advice For Your Next Vacation

Millions of Americans don’t have access to high-speed internet, the majority of whom live in rural areas. To help the 4,000-plus member owners of its farmer cooperative, Land O’Lakes CEO Beth Ford has made it her mission to advocate for public and private investment in broadband access. advertisement advertisement Internet connectivity is necessary for quality education and healthcare. Without the right tools and technology, it’s harder for farmers and their families to be successful. “When farmers aren’t secure, it leaves us less secure as a nation,” says Ford. To help bridge the digital divide, Ford spearheaded Land O’Lakes’ American Connection Project . Advocating for private and public sector investment in rural internet infrastructure, the effort includes over 170 organizations. Ford is working closely with U.S. Commerce Secretary Gina Raimondo, and was in D.C. for the signing of the $65 billion infrastructure bill that will … [Read more...] about Beth Ford wants to change the narrative about rural America

Deepinder Goyal. Zomato announced on June 24 that its board had approved the acquisition of quick commerce company Blinkit for Rs 4,447 crore. According to the terms of the agreement, Blinkit shareholders will get a cumulative stake of 6.88 percent in Zomato and the target company’s leadership team, including co-founder and CEO Albinder Dhindsa, will stay on to run the ship. But, questions still remain about how Zomato, a company that registered losses of Rs 1,223 crore in FY22, plans to derive value from acquiring another loss-making delivery startup. The food delivery major’s top executives put out a ready reckoner laying out the rationale behind the deal. From having a Blinkit tab on the Zomato app to sharing delivery fleets to cut costs, here are some of the important reasons that came through from what they said: Increased customer wallet share Close “Quick commerce will help us increase the customer wallet share spent on our platform and … [Read more...] about Seven reasons for Zomato’s Rs 4,447-crore Blinkit buyout deal

Share to Twitter Share to Linkedin NFT platform OneOf has announced the release of The Sky’s the Limit: The Notorious B.I.G. NFT Collection on July 26th. The first-of-its-kind NFT collection is being done in partnership with the Christopher Wallace estate . The collection will aim to honor Notorious B.I.G. as one of the most influential rappers of all time. The collection will feature 3D avatars inspired by his life and work, and will uniquely include the right for each NFT holder to collectively license the audio of Biggie Smalls’ most famous freestyle, filmed on a street corner in Brooklyn when he was 17. Until now the freestyle has never been officially released or made available for other musicians to sample and use in their songs. With the approval and oversight of the collective (and estate), musicians will be able to license Smalls' iconic freestyle and include it in their own recordings. The song can also be released on music streaming … [Read more...] about The Notorious B.I.G. Collection And The Marketing Of NFT Campaigns

Share to Twitter Share to Linkedin Elon Musk has gained 17 million Twitter followers since April, when he first announced plans to buy the social media company. But there is one billionaire who still has even more followers than he does. Oh, the power of an enormous Twitter following paired with an enormous fortune. Elon Musk—the world’s richest person—has 99.5 million Twitter followers who are exposed regularly to his rants and musings. He uses Twitter as a publicity tool (journalists regularly rush to cover whatever he says) and as a bully pulpit, complaining about regulators (including the Securities and Exchange Commission ), people he doesn’t like (that “pedo guy,” a term Musk used in 2019 to describe Vernon Unsworth, a British cave diver who helped rescue a trapped junior football team in Thailand. Unsworth sued for defamation and lost ) and politicians. President Joe Biden , Sen. Elizabeth Warren and Sen. Bernie Sanders , to whom he … [Read more...] about Here Are The Billionaires With The Largest Twitter Following

Share to Twitter Share to Linkedin You've probably seen the pictures of the mountains of luggage at London's Heathrow Airport. You've heard about the heat wave. And maybe you have friends who got Covid while they were in Europe. With all that's happening, maybe you need a better guide to traveling to Europe this summer. "Tourism is back," says David Corsun, director of the University of Denver's Fritz Knoebel School of Hospitality Management. "Hotels are full. Flights are full. Restaurants are full." Travel by Americans to Europe will soar 600 percent over last summer , according to new projections by Allianz Partners. Europeans are traveling more, too. A new survey by insurance company Europ Assistance Group found that 71% of Europeans intend to travel during the summer . That's a 14 percentage point increase compared to 2021. But you don't have to get stuck in a crowd and miss the best part of your European vacation. Europe has changed … [Read more...] about The Ultimate Guide To Traveling To Europe This Summer