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The French-born pilot said she went from a novice flyer at 19 to a private-jet pilot making $60,000 in three years. It doesn't have to take years to become a private-jet pilotMarcus is a Gen Z private-jet pilot. Marcus worked for a year teaching flight lessons at a flight school in Tampa before she was offered a job as a private-jet pilot. AdvertisementThe schedule is 20 days on, 10 days offBeing a private-jet pilot is not a typical 9-to-5. Eva Marcus.
Persons: Eva Marcus, Marcus, she's, , Eva Marcus Marcus, Eva Marcus The, She's, they're Organizations: Gulfstream, Service, Labor Statistics, Marriott Locations: Peru, South Korea, Florida, Tampa, France, Colombia, Lima , Peru, Caribbean, Denver, Tampa , Florida, Ohio
With an ultimate goal to be the go-to currency for the global financial system, it was, in hindsight, too ambitious, Marcus admits now. "If you're dependent on one centralized stablecoin to do global payments, it's a problem as we've experienced firsthand," he said. Why Meta's crypto project failedIn 2019 Meta unveiled plans to create a digital currency pegged to hard currencies including the US dollar. With his new startup, Lightspark, Marcus plans to hypercharge the global payments system is simpler, or at least less grandiose. Users will swap their local currency for bitcoin and then have it converted to the local currency of whichever country the capital is needed in.
Persons: David Marcus, Meta's, Libra, Diem, Marcus, Meta, that's, Mark Zuckerberg, he's, Christian Catalini, Marcus's, Catalini Organizations: PayPal, Visa, Securities and Exchange Commission, Meta, bitcoin, Facebook, JPMorgan, Bloomberg Locations: Manhattan, Los Angeles, Bahrain
Goldman Sachs' COO, John Waldron, gave a speech on Thursday touting the firm's growth opportunities. The shoutout comes as Goldman Sachs joins its Wall Street peers by seeking to boost its wealth business that caters to the rich. Waldron on Thursday admitted that Goldman has "underinvested" in the private wealth business. Goldman's wealth business Goldman Sachs has about 1,000 advisors overseeing $1 trillion for its ultra-high net worth clients with at least $10 million to invest. The unit works closely with moneyed entrepreneurs, prime targets for Goldman's private wealth business.
Persons: Goldman, John Waldron, Nishi Somaiya, Goldman Sachs, David Solomon's, Nishi, We've, Waldron, Somaiya, Marc Nachmann Organizations: Oxford, Private, Silicon Valley Bank, UBS's, Credit Suisse, Bloomberg, University of Oxford, Royal Ballet School Locations: Silicon, Europe, Americas, SVB
"It's a pretty important investor day," said Mike Cronin, investor director at fund manager abrdn, which owns a stake in the bank. In 2020, Solomon kicked off Goldman's inaugural investor day by telling participants they should feel free to "break into open applause." A deal could broaden Goldman's revenue beyond trading and investment banking, which can be buffeted by economic cycles. The investor day is also an opportunity for the company to address questions around Solomon's leadership after bad press, Mayo said. But several presenters from the 2020 investor day have since left.
Bernie Marcus, the billionaire cofounder of Home Depot, said Thursday "nobody works" anymore. Marcus donated millions to Trump in 2016 and 2020, and more to other Republicans over the years. In an interview with the Financial Times published Thursday, 93-year-old Bernie Marcus said "nobody works, nobody gives a damn," blaming the change on "socialism." In 2020, he made two separate donations of $5 million each to the Preserve America PAC, a single-candidate PAC that supports Trump. Marcus has also donated extensively to House and Senate races, contributing to a long list of Republican lawmakers that includes Sens.
Oct 10 (Reuters) - PayPal Holdings Inc (PYPL.O) said on Monday it will not fine users for misinformation and an earlier policy update that said customers could have to pay $2,500 in damages was sent in error. Shares of the San Jose, California-based company were down nearly 6% after the update, which PayPal said "included incorrect information", sparked intense backlash on social media over the weekend. "PayPal is not fining people for misinformation and this language was never intended to be inserted in our policy. The new policy, which said customers could have to pay damages of $2,500 for each violation, was supposed to go into effect on Nov. 3, the reports said. PayPal's former president David Marcus slammed the policy in a tweet on Saturday, saying the new policy "goes against everything I believe in".
PayPal published policy updates prohibiting customers from using its services for activities identified by it as "sending, posting, or publication of any messages, content, or materials" promoting misinformation, the report said, citing a statement from the company. Register now for FREE unlimited access to Reuters.com RegisterShares of PayPal were down nearly 5.1%. PayPal's former president David Marcus slammed the policy in a tweet on Saturday, saying the new policy "goes against everything I believe in". Elon Musk, the billionaire Tesla Inc (TSLA.O) chief who co-founded PayPal, tweeted "Agreed", replying to Marcus's tweet. Register now for FREE unlimited access to Reuters.com RegisterReporting by Niket Nishant in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
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