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There's real-life precedent that shows why a CEO can cause huge share price swings when they depart. He was portrayed as an omnipotent boss of the group, reflected in a cratering share price upon his death in the episode that aired April 9. But there is real-life precedent for a company's share price collapsing on news of a powerful CEO's ill-health. The power of Logan RoyThere are downsides to a stock being so closely linked to a powerful CEO like Jobs, Musk, or Roy. Indeed, there have been examples of a share price rally following the death of a CEO, because investors see it as a company decoupling from a deadweight boss.
ByteDance's founder is the richest tech billionaire in China. These are the 10 richest Chinese billionaires in tech, per Bloomberg's 2023 Billionaire Index. He is one of many Chinese billionaires who got rich from starting successful tech giants. These Chinese billionaires are also navigating policies in their own country. From the CEO of ByteDance to the founder of WeChat, here are the 10 wealthiest Chinese tech billionaires.
Bob Iger returned to the helm of Disney last November, less than a year after he retired. He told Time he's looking to Steve Jobs' Apple homecoming for inspiration. Iger said such comebacks need "incredible resolve, incredible zeal, and incredible energy." Disney CEO Bob Iger said his return to the media giant is inspired by Steve Jobs' 1997 Apple homecoming, in an interview with Time magazine. "And then go at it with incredible resolve, incredible zeal, and incredible energy."
Ask AI to make suggested edits to your writing to make it more readable and concise. Ask AI to make suggested edits to your writing to make it more readable and concise. Ask AI to summarize old news stories and suggest lessons that can be learned from them. For me, the really exciting thing about using generative AI is that I keep figuring out new ways to use it. Editors: It is already impossible for you to know if work produced by your colleagues was created using AI.
Elon Musk insisted multiple times during a BBC interview that his dog is Twitter's CEO. Musk quipped that his Shiba Inu, Floki, is the one in charge of the company. During a live interview on Twitter Spaces with BBC journalist James Clayton, Musk kept correcting Clayton when the latter called Musk Twitter's CEO. The BBC interview was one of several occasions that Musk has joked about his dog being Twitter CEO. On April 3, Musk replaced Twitter's bird logo with the Shiba Inu — or doge — meme.
Theranos' Elizabeth Holmes loses bid to stay out of prison
  + stars: | 2023-04-11 | by ( ) www.cnbc.com   time to read: +4 min
Disgraced Theranos CEO Elizabeth Holmes has been rebuffed in her attempt to stay out of federal prison while she appeals her conviction for the fraud she committed while overseeing a blood-testing scam that exposed Silicon Valley's dark side. The judge's decision means Holmes, 39, will have to surrender to authorities April 27 to start the more than 11-year prison sentence that Davila imposed in November. Holmes could still file another appeal of the ruling Davila's latest ruling, a maneuver that her co-conspirator at Theranos – Ramesh "Sunny" Balwani – successfully used to delay his scheduled March 16 date to begin a nearly 13-year prison sentence. Davila has recommended that Holmes serve her sentence in a Byron, Texas, prison. Although they had separate trials, Holmes and Balwani were accused of essentially the same crimes centered on a ruse touting Theranos' blood-testing system as a breakthrough in health care.
Can ChatGPT be a doctor?
  + stars: | 2023-04-10 | by ( Asia Martin | ) www.businessinsider.com   time to read: +4 min
My colleague Emilia David will take over for the rest of this week until Diamond Naga returns from her much-needed vacation. Can ChatGPT be a doctor? One physician said the AI chatbot was "better than many doctors" he's observed when it came to clinical diagnosis. The doctor said the diagnosis didn't differ from what he would have determined. ChatGPT may have passed the exam, but it's still unable to take the Hippocratic oath, where doctors swear to abide by a set of professional ethical standards.
Satoshi Nakamoto is said to be the inventor of bitcoin and wrote the token's original white paper in 2008. Nakamoto's paper, "Bitcoin: A Peer-to-Peer Electronic Cash System," was published in October 2008. In his white paper, Nakamoto cited the work of Stuart Haber, a computer scientist credited with helping invent blockchain technology. A Newsweek article in 2014 said that Dorian Prentice Satoshi Nakamoto, a Japanese American man living in California, was the elusive inventor of bitcoin. After the article published, Nakamoto's online account revived itself after a five-year hiatus, stating: "I am not Dorian Nakamoto."
Since Tim Cook became CEO of Apple, he's worked to cement his own legacy — but he still admires his predecessor Steve Jobs' leadership style. "I knew I couldn't be Steve [when I became CEO]," Cook, 62, told GQ on Monday. But that doesn't mean Cook couldn't take a leadership trick or two from Jobs' book. Under his leadership, Apple has grown into a multitrillion-dollar company. Today, the Apple CEO still uses some of Jobs' old traditions, like 9 a.m. meetings every Monday, he told GQ.
The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.
Apple CEO Tim Cook poses for a portrait next to a line of new MacBook Airs as he enters the Steve Jobs Theater during the Apple Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California on June 6, 2022 . Apple CEO Tim Cook recently explained in an interview with GQ why people might want the sort of mixed reality headset his company is expected to announce in the coming months. In short: art, communication, "creative" applications, and corporate environments, Cook told GQ. "The idea that you could overlay the physical world with things from the digital world could greatly enhance people's communication, people's connection," Cook told GQ. Meta has struggled to find success with its virtual reality business, called Reality Labs.
The Greenlight Capital boss sees the Fed pulling back in fighting inflation after the banking chaos. Einhorn also discusses where the banks went wrong, and how he's betting on AI, in a new interview. "The first jelly donut tastes great. The second jelly donut is pretty indulgent, but by the 12th jelly donut, you're just making yourself sick, so you really shouldn't do that anymore." "We're not going to figure out who has the next breakthrough in AI that is going to leapfrog everybody else's AI.
Apple cofounder Steve Jobs' daughter, Eve, told The Strategist she "can't live without" her iPhone. Jobs shared a meme on her Instagram story in September that poked fun at the iPhone 14. Insider also hasn't confirmed whether Jobs actually uses the iPhone 14. "I'm gonna keep it brief," Jobs told The Strategist about the iPhone 14. She's also a model and accomplished equestrian, who once told World of Showjumping that competing in the Olympics and at the World Equestrian Games "would be a dream."
Boomerang UBS boss ticks several important boxes
  + stars: | 2023-03-29 | by ( Liam Proud | ) www.reuters.com   time to read: +4 min
That’s the best explanation for why Chair Colm Kelleher on Wednesday said the Swiss bank was replacing CEO Ralph Hamers with erstwhile boss Sergio Ermotti. Though the move violates several corporate-governance red lines, it improves the group’s chances of successfully absorbing stricken rival Credit Suisse (CSGN.S). Nor was his hesitant delivery in a call with analysts after announcing the Credit Suisse deal. During his previous spell in charge, UBS held talks with Deutsche Bank (DBKGn.DE) and discussed a merger with Credit Suisse. Ermotti, a Swiss national, led the Swiss bank for nine years, departing in late 2020, and is currently chair of Swiss Re.
An equestrian rivalry between towns competing for horse-riding events and well-heeled homeowners and athletes is heating up in Florida. Wellington, a village on the west side of Palm Beach County, for more than 15 years has been Florida’s equestrian sports center, hosting the Winter Equestrian Festival, which attracts tens of thousands of spectators during its 13-week run. The daughters of Bill Gates , Steve Jobs and Michael Bloomberg have competed in the festival and their families own homes in the area, according to real-estate brokers.
Whether you're trying your hand at a screenplay like Charlie or brainstorming ideas for an upcoming meeting, there are a few things you can do to unlock your creativity and get the ideas flowing. Sometimes, connecting with someone else is the catalyst that unlocks our own creativity and gets the ideas flowing. "However, I find that once I just start, it creates momentum, because then I have something to work with, and the ideas start to flow and with progress comes confidence!" In her book "Bird by Bird," on the art of writing, Lamott describes the SFD this way: All good writers write them. A former colleague and I used to joke that our ideas were so good, it was bigger than a brainstorm.
Back then, the average person would hear the term "remote support" and probably think it meant getting help for their TV controller. Jaromi said he has seen teams increase their productivity between 20% to 50% by letting GoTo Resolve's efficiencies work for them. For SMBs, GoTo Resolve can often be their main IT presence. But Rescue and GoTo Resolve have constantly stayed a step ahead, building in the most secure layers possible. Looking to the futureOver his 18 years at GoTo, Jaromi has seen the company endure significant changes, from being an upstart innovator to an established industry leader.
The "BlackBerry" trailer dropped Wednesday, and it's trending at number 21 on YouTube only 24 hours later. Critics and nostalgic BlackBerry fans alike say they're thrilled by the cast and the chance to revisit the iconic phone. It tells the story of the rise and fall of Canadian tech company Research in Motion, the maker of the BlackBerry. "I'm shocked that BlackBerry actually looks like it might be pretty damn good," Canadian tech editor Patrick O'Rourke tweeted. Although the film might strike the hearts of BlackBerry loyalists or Y2K enthusiasts, the phones most likely won't be back.
Kellogg is renaming its snack business "Kellanova" — a combo of Kellogg and a Latin word for "new." Kellogg is naming its snacking division "Kellanova," the latest step in breaking up the company, it said on Wednesday. The name draws inspiration from the Kellogg name and a common Latin word, Kellogg CEO Steve Cahillane said in a statement. Etsy and Mondelez are among other companies with Latin namesKellanova is hardly the first company rebrand to draw inspiration from Latin. Before that, cigarette maker Philip Morris said it would change its name to "Altria" in an allusion to the Latin word for "high," the Journal reported in 2001.
Law Roach is a 44-year-old Chicago-native known for dressing stars in daring looks, and pulling archival pieces from famous designers. The work of Roach (seen above at the 2021 Fashion Icon Award with actress Zendaya who wore in Vera Wang) has been seen on multiple red carpets, and he has appeared on several fashion TV shows as a judge – including "America's Next Top Model." Gilbert Carrasquillo/Getty Images
Zuckerberg's Steve Jobs moment
  + stars: | 2023-03-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZuckerberg's Steve Jobs momentMark Zuckerberg has promised this is the "year of efficiency" – out is the metaverse, in are cost cuts, focus, discipline. But one noted tech investor says it's about more than just righting the cost structure of the business and cutting some payroll – it's about repositioning the company to take advantage of the next great wave of computing. Couldn't do this and not mention A.I. Can Zuckerberg turn around this ship, and what his relationship with Wall Street can tell us.
Former Apple exec Michael Gartenberg has an iPad Pro and has owned various iPads over the past decade. His iPad used to be his constant travel companion, more used than his laptop — but not anymore. He says the iPad is at an intersection between failure and ongoing success, and Apple must pay attention. So iPad users, like myself, are paying a premium for hardware that is far more advanced than the software we are able to run on it. If Apple wants to continue to succeed with the iPad, it will need to address these challenges head-on.
Artificial intelligence (AI) may be having its "iPhone moment," according to Bank of America. In fact, the firm has cited an estimate from PwC that AI's economic impact could be $15.7 trillion by 2030. "This could be the 'iPhone moment' for AI." And like smartphones existed prior to the iPhone, AI predates ChatGPT by many years. At that rate, AI could be a million times more powerful than ChatGPT is now in the next 10 years, Israel wrote.
An Elon Musk documentary is currently being made by acclaimed director Alex Gibney. Gibney has examined Theranos, Enron, Scientology, and more in his previous documentaries. Gibney's other documentaries have tackled Scientology, Enron, Theranos founder Elizabeth Holmes, WikiLeaks, Steve Jobs, and more. Gibney's Jigsaw Productions is producing the film alongside production companies Closer Media, Anonymous Content, and Double Agent. "Now is the moment for a rigorous portrait of Elon Musk, who is undeniably one of the most influential figures of our time.
Right now its roughly $5 billion-in-revenue ads business largely consists of search ads sold within the App Store. We asked more than a dozen advertising industry insiders and former Apple advertising staffers to identify the most important executives building Apple's advertising business. Teresi's ascent coincides with the explosive growth of Apple's ad business in recent years. A former Yahoo and Quantcast staffer, Crawford first joined Apple in 2011 to work on global operations for iAd. Lauren Fry - Apple TV+ ad salesApple hired Fry, a TV and video ad sales veteran, in February this year, The Information reported.
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