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☆ Tributes pour in for Ratan Tata from industry titans and politicians
▼ + stars: | 2024-10-09 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +2 min

Tributes from industry leaders, politicians and the public at large poured in for Ratan Tata, the former chairman of India's Tata Sons, who passed away on Wednesday, aged 86. Google and Alphabet CEO Sundar Pichai recalled his meeting with Tata where they discussed Google's self-driving car project. "Mr Tata took India to the world and brought the best of the world to Bharat." He was known for his philanthropy and was chairman of Tata Trusts, among India's largest charity organizations. Tata reportedly was instrumental in about 60 acquisitions that helped the group expand globally.

Persons: Ratan Tata, India's Tata, Narendra Modi, Sundar Pichai, Pichai, Tata, Ratan Tata's, Mukesh Ambani, Mr Tata Organizations: India's, Tata, Rover, Tata Group, Reliance Group, Bharat, Cornell University, Tata Trusts, Tata Sons Locations: India, Mumbai

☆ The personal cybersecurity concierge is a new perk, and need, among the wealthy
▼ + stars: | 2024-07-26 | by ( Ellen Sheng | ) www.cnbc.com time to read: +4 min

Cybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives. While companies are spending heavily on cybersecurity, personal and home devices are generally less protected, making them easier to crack. And despite their sizeable assets and growing threat of cyberattacks, family offices and wealthy families don't think of themselves as targets because hackings are rarely publicized. JPMorgan Private Bank offers cybersecurity help to its ultra-high net worth clients, along with lifestyle and travel services. "I think one of the misconceptions is that — particularly for family offices — 'we're small and nobody notices us.'

Persons: Bill Roth, Jeff Bezos, Saudi Crown Prince Mohammed bin Salman, Lauren Sanchez, Bill Gates, Elon Musk, It's, Bobby Stover, Ernst & Young, They're, Anwar Visram, HardTarget, Ileana Van Der Linde, I've, Visram Organizations: Saudi Crown, Ernst &, JPMorgan, JPMorgan Private Bank, Asset, Wealth Management, CNBC Locations: WhatsApp, Tinder

☆ How companies are embracing generative AI...or not
▼ + stars: | 2023-09-22 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

New York CNN —Companies are struggling to deal with the rapid rise of generative AI, with some rushing to embrace the technology as workflow tools for employees while others shun it – at least for now. Some companies are enacting internal bans on generative AI tools as they work to better understand the technology, and others have already begun to introduce the trendy tech to employees in their own ways. Among media companies that produce news, Insider editor-in-chief Nicholas Carlson has encouraged reporters to find ways to use AI in the newsroom. Of the companies currently banning ChatGPT, some are discussing future usage once security concerns are addressed. “I don’t think it’s that companies are against AI and against machine learning, per se.

Persons: JPMorgan Chase, Northrup, it’s, Mark McCreary, Fox Rothschild, McCreary, “, ” Jonathan Gillham, Nicholas Carlson, ”, ChatGPT, Larry Feinsmith, ” Northrop Grumman, “ They’re, they’re, ” Vern Glaser, Cheryl Ainoa, Donna Morris, PwC, “ Lilli ”, Lilli, Jacky Wright, EY.ai, OpenAI, ” Glaser Organizations: New, New York CNN — Companies, JPMorgan, Northrup Grumman, Apple, Verizon, Spotify, Accenture, Fox, Fox Rothschild LLP, CNN, “ Companies, Gannett, The Columbus Dispatch, UBS, JPMorgan Chase, Wall Street Journal, Entrepreneurship, Enterprise, University of Alberta, Walmart, Emerging Technologies, Consulting, McKinsey, PwC, ChatGPT, Fortune, ChatGPT Enterprise, Microsoft, Bing Locations: New York, ChatGPT, America

☆ Technology is transforming the way family enterprises think about the future
▼ + stars: | 2023-09-14 | by ( Sponsor Post | Created Insider Studios With Deloitte | ) www.businessinsider.com time to read: +8 min

Family enterprises have historically focused on legacy, pride in what they built, and passing down success through generations. This nimble structure gives family enterprises an advantage in adopting new innovations when the leadership sees or endorses the potential benefits. With passion for their legacy and proper planning, family enterprises can set themselves up for success far into the future. But as anyone who's been involved in running a family business or family office will know, emotions can run high among relatives. Click here to learn more about how Deloitte Private can help thriving family enterprises transform ideas into action.

Persons: Adrian Batty, they've, Batty, they're, who's, " Batty Organizations: Deloitte, Family Enterprise, Deloitte Private, America, Insider Studios Locations: Australia

SINGAPORE, Jan 31, (Reuters) - Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family's wealth. His family might establish a Singapore family office to manage its wealth in the future, he added. Well-known Singapore family offices include those set up by James Dyson of vacuum cleaner fame, hedge fund manager Ray Dalio and Zhang Yong, founder of China's Haidilao hotpot restaurant chain. Though fresher statistics are not available, those involved in the industry said interest in family offices picked up in 2022 and is expected to continue unabated this year. While some are setting up family offices, others are setting up business headquarters in Singapore or investing in funds domiciled in Singapore, she said.

☆ These twins started companies together and other cofounders can learn a lot from them about rivalries, comparisons and being close to your business partner
▼ + stars: | 2022-12-18 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +12 min

Having a business partner you are personally close to can be a huge benefit, they said. Torsten Pieper, an academic at UNC Charlotte, told Insider that twins having distinct roles in a business can be beneficial. Research from the Institute for Family Business showed companies that promote themselves as family-run can gain greater trust and are better placed to attract talent. Phan said family businesses inherently care about their communities, because their identity is often attached to the community where they work. As long as we're together, that's greatAll the twins said their businesses have changed the nature of their relationships.

☆ Is Patagonia the end game for profits in a world of climate change?
▼ + stars: | 2022-11-20 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +5 min

As far back as 1985, Patagonia deployed portions of its profits to the environment, via an "Earth tax." "The Patagonia model is a little more sophisticated." It often is very attractive from a corporate tax perspective, too, which has been noted of both the Ikea and Patagonia business models. One hundred percent of Patagonia profits are now committed to its new non-profit Holdfast Collective — which owns all of the company's non-voting stock (98% of the total stock). "What people fail to understand about Patagonia, both the past and the future, is that we are unapologetically a for-profit business, and we are extremely competitive," Ryan Gellert said.

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