Ceos that turned companies around

Intel CEO Pat Gelsinger has said he dreamt of reaching the top post since his early days at the company. (Image credit: LinkedIn) Intel CEO Pat Gelsinger has had a three-decades-long stint with the cutting-edge technology company. Over the course of his career, he has gathered some crucial insights, which he is now sharing with other professionals. During a university speech in Ohio last week, Gelsinger elaborated on his three-point guide for success, Inc. magazine reported. The first tip he had was having a mentor. "We're diamonds in the rough and we need people to knock off those rough edges," he said. Pat Gelsinger cited his own relationship with Intel's former CEO Andy Grove as an example. Second, he advised that professionals write down a mission statement for themselves and think big. Close Gelsinger added that he had his sights set on the Intel CEO position since his early days at the company. He said his dream became a reality only because he … [Read more...] about Intel CEO Pat Gelsinger’s 3 tips for success

Ronojoy Dutta (left) will step down by Sept 30; Pieter Elbers (right) will succeed him Ronojoy Dutta, the chief executive officer of IndiGo, will retire in September, the private carrier announced on May 18, further stating that Pieter Elbers has been finalised as his successor. Dutta, 71, was appointed at the helm of IndiGo in January 2019. He has "decided to retire on September 30, 2022", after guiding IndiGo "through the turbulent Covid period", said a statement issued by the airline. The board of directors of InterGlobe Aviation Limited, the carrier's parent firm, have "appointed Pieter Elbers as the next chief executive officer, subject to regulatory approvals", it added. Elbers, who has served as the chief executive of KLM Royal Dutch Airlines, will join IndiGo "on or before October 1, 2022", the statement noted. Dutta, while commenting on his decision to step down, said IndiGo is in the "good custody of Mr Elbers" and that the future for IndiGo employees is … [Read more...] about IndiGo CEO Ronojoy Dutta to retire in September, Pieter Elbers named successor

- A + A (May 18): Asian sponsors of blank-check firms are facing a tough market for initial public offerings wherever they turn, as a combination of increasing regulatory scrutiny and fading investor demand shutters the window for new listings from the US to Asia. In the past three months, at least six Asia-related special purpose acquisition companies seeking a combined $1.3 billion from US IPOs have been scrapped, according to data provider SPAC Research. Of 12 blank-check firms that have filed to go public in Hong Kong, only one has actually started trading. It’s a similar pattern in Singapore, where SPACs have stalled after three inaugural IPOs in January. “The global IPO market has obviously been very quiet so far this year,” Paul Uren, JPMorgan Chase and Co.’s Asia Pacific head of investment banking, said in an interview with Bloomberg TV. “What we need to see for that to change is lower volatility and investors with more of a risk-on mentality.” Asia was … [Read more...] about Asia’s SPAC Hopefuls Have Nowhere to Turn As IPO Market Shuts

- A + A (May 18): Asian sponsors of blank-check firms are facing a tough market for initial public offerings wherever they turn, as a combination of increasing regulatory scrutiny and fading investor demand shutters the window for new listings from the US to Asia. In the past three months, at least six Asia-related special purpose acquisition companies seeking a combined US$1.3 billion from US IPOs have been scrapped, according to data provider SPAC Research. Of 12 blank-check firms that have filed to go public in Hong Kong, only one has actually started trading. It’s a similar pattern in Singapore, where SPACs have stalled after three inaugural IPOs in January. “The global IPO market has obviously been very quiet so far this year,” Paul Uren, JPMorgan Chase and Co’s Asia Pacific head of investment banking, said in an interview with Bloomberg TV. “What we need to see for that to change is lower volatility and investors with more of a risk-on mentality.” Asia was … [Read more...] about Asia’s SPAC hopefuls have nowhere to turn as IPO market shuts

A management reset may be in order at The Boeing Company (BA) , contends the CEO of Irish budget carrier Ryanair Holdings PLC ( RYAOF ), after a string of delivery delays and disputes over pricing negotiations have clouded the business relationship of the two companies. Key Takeaways Ryanair CEO Michael O'Leary said that Boeing's management needs a shakeup after a number of delivery delays and stalled pricing negotiations with the company. Ryanair ended negotiations to purchase up to 250 MAX 10 planes in September 2021 after pricing negotiations with Boeing broke down. Boeing's 737 MAX 10 and 787 Dreamliner have suffered major delivery delays due to certification and manufacturing issues. Faster-than-expected deliveries of Boeing's MAX 10 and Dreamliner could bring on a sharp rally in the company's share price. Ryanair Chief Executive Michael O'Leary lambasted the aerospace company's management at the airline's quarterly earnings conference call on Monday, … [Read more...] about Boeing (BA) Takes Heat From Top European Customer Ryanair

Maya Sree operating a drone Maya Sree, who goes by only one name, left her hometown in 2018, when she decided to live her life as a transwoman. Her parents did not accept her the way she was, or the jobs that she had taken up earlier to support herself. “But when my parents came to know that I was working for Dhaksha in Anna University campus, I received a call from my family, and they spoke to me, and told me that they were very proud of me. Personally, it’s not just a job for me but a new life,” Maya Sree, a Directorate General of Civil Aviation (DGCA)-certified drone pilot of the Chennai-based Dhaksha Unmanned Systems (DUMS) told Moneycontrol. Maya Sree, along with course mates Pragya, Sai and Rahmatullah, are the first from the transgender community in India to be appointed as drone pilots. They underwent intensive training before being absorbed by the company which operates drones with applications in surveillance, agriculture and defence. For them, this job at DUMS gives … [Read more...] about For four from trans community, drone pilot jobs give the wind beneath their wings

Elon Musk, who is in talks to acquire Twitter, has said he will conduct his own research to ascertain the actual number of spam accounts on the platform. Twitter Chief Executive Officer Parag Agrawal stood by the company’s estimate that less than five percent of its daily active users were “fake or spam”,  as Elon Musk expressed doubts about it. Elon Musk , whose deal to buy Twitter is presently on hold, has said he will conduct his own research to ascertain the actual number of spam accounts on the social network. Let’s talk about spam. And let’s do so with the benefit of data, facts, and context… — Parag Agrawal (@paraga) May 16, 2022 In a Twitter thread on May 16, Parag Agrawal opposed the idea of an external estimate of fake accounts. Elon Musk disagreed with the comment, responding to it with a poo emoticon. Close “We don’t believe that this specific estimation can be performed externally, given the critical need to use both public and … [Read more...] about As Parag Agrawal stands by Twitter spam estimates, Elon Musk’s emoji response

There are literally thousands of publicly traded companies you can invest in, not to mention the many ETFs and mutual funds you can buy, so it's not surprising many investors don't know where to begin. While I don't have a crystal ball that tells me what stocks will deliver the best returns, I've tried to do the next best thing here. In this article, I'll discuss 10 stocks that I think could be great buys in 2022 for long-term investors looking to put money to work. Before we get to the stocks you're here for, let's acknowledge three caveats: Choosing the best stocks to buy today heavily depends on your personal financial situation. To get a feel for where you stand, read our guide on how to invest in stocks . It walks you through topics such as establishing an emergency fund, allocating assets, and when it makes sense to buy stocks. I like these stocks for long-term investments. I have absolutely no idea what they'll do over the next few weeks or months. While I ensured … [Read more...] about The Top 10 Stocks to Buy in 2022

- A + A KUALA LUMPUR (May 18): Signature International Bhd and its largest shareholder-cum-chairman Datuk Seri Chiau Beng Teik have emerged as the largest shareholders of Fiamma Holdings Bhd after acquiring a combined 29.59% equity interest in Fiamma. The 29.59% stake or 150 million shares, was acquired from Fiamma's chief executive officer and group managing director, Lim Choo Hong, at RM1.50 per share. Following the disposal of shares in Fiamma, Lim ceased to be a substantial shareholder in Fiamma, holding a 0.413% direct equity interest and 0.118% indirect interest in the company. A filing with Bursa Malaysia showed that Signature had entered into a conditional share sale agreement (SSA) with Lim, to acquire 120 million shares or 23.67% equity interest for RM180 million cash. On a separate note, Divine Inventions Sdn Bhd, a private entity controlled by Chiau’s family, entered into an SSA with Lim to purchase 30 million shares or 5.92% equity interest in Fiamma … [Read more...] about Chin Hin founder Chiau Beng Teik and Signature International emerge as Fiamma’s controlling shareholders

- A + A KUALA LUMPUR (May 18): Lion Posim Bhd is forming an unincorporated joint venture (JV) to undertake a mixed residential and commercial development in Shah Alam, with a gross development value of RM867 million. The group, via its unit Lion Posim Waterfront Sdn Bhd on Wednesday (May 18) entered into a conditional development agreement with a unit of Selangor Menteri Besar Inc, Landasan Lumayan Sdn Bhd, for the development on a parcel of land to be alienated by the Selangor State Government to Landasan Lumayan, measuring approximately 26.29 acres in Section 24, Shah Alam. “The land is accessible via Federal Highway, Lebuhraya Kemuning Shah Alam (LKSA) and Konsortium Expressway Shah Alam Selangor (KESAS) and has a long river frontage of Sungai Klang and is mostly surrounded by low and medium-end housing. The area is densely populated, which is suitable for residential development. Currently, there are no new developments of residential and commercial properties in … [Read more...] about Lion Posim forms JV with Selangor government for mixed residential development in Shah Alam