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☆ I manage a Davos hotel where Bill Gates and other leaders stay for the World Economic Forum. We barely sleep and live off Red Bull, but we love it.
▼ + stars: | 2023-01-16 | by ( Natalie Rahhal | ) www.businessinsider.com time to read: +9 min

Hans-Rudolf Ruetti manages the Grandhotel Belvédère, where the most important WEF participants stay. For more than 50 years, what's now known as the World Economic Forum (WEF) has taken place in Davos, and every year, the Grandhotel Belvédère has hosted WEF guests. There are several events being put on by important guests, and this is always a challenging task when it comes to safety and security. We also built an additional three kitchens from where we can deliver food exclusively for hotel guests and events hosted here by the forum participants. There really isn't anything we at the hotel don't like about the WEF.

☆ Amazon employees think the company is lowering the bar with a streamlined interview process
▼ + stars: | 2023-01-12 | by ( Matt Weinberger | ) www.businessinsider.com time to read: +5 min

This is Matt Weinberger, deputy editor of Insider's tech analysis team, filling in once again for your regular captain Diamond Naga Siu. Stop me if you've heard this one: Amazon walks into a bar... But seriously folks, my colleague Eugene Kim reports on a big, meaningful change in the online retail giant's hiring process. Some employees think so, Insider's Eugene Kim reports. He says that "current and former bar raisers I talked to were not too happy about this decision and were concerned about its potential to drag down Amazon's hiring bar."

☆ Layoffs are hitting Wall Street. Here's what you can do to land on your feet if you lost your gig.
▼ + stars: | 2023-01-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

But first, dark days on Wall Street. Two of the most high-profile firms on Wall Street — Goldman Sachs and BlackRock — made job cuts that impacted thousands of workers. All of that is to say, after a good run of things on Wall Street, the tide is starting to turn. I called a Wall Street recruiter to pick their brain on advice they'd give to those who just lost their jobs. Wall Street did not have a good showing on a list of the best places to work.

☆ Michael Dell's nepo babies: How the family of the billionaire computer mogul is making moves in the tech industry
▼ + stars: | 2023-01-11 | by ( Britney Nguyen | Samantha Delouya | ) www.businessinsider.com time to read: +1 min

Michael DellMichael Dell is the CEO of Dell. DellMichael Dell is one of the most notable tech entrepreneurs from the Lone Star State. Forbes estimates that Michael Dell has a net worth of more than $50 billion, making him among the 25 richest people on the planet. None of Dell's family members, nor Dell's investment firm, MSD Capital, immediately responded to Insider's request for comment. Meet Dell's four children and his brother, Adam Dell, and see how their connections gave them a leg up.

☆ Flexport Names Former Amazon Executive as President
▼ + stars: | 2023-01-05 | by ( Paul Berger | ) www.wsj.com time to read: +2 min

com Inc. executive, is joining Flexport Inc. as the digital-focused freight forwarder boosts its growth ambitions under the leadership of former Amazon consumer chief executive Dave Clark. The San Francisco-based company named Ms. Carlson president and chief commercial officer, overseeing sales, marketing and communications, Flexport said Thursday. Ms. Carlson specializes in cloud computing. Mr. Clark in September took on the role of Flexport co-CEO alongside the company’s founder and CEO Ryan Petersen. Mr. Clark has hired former Amazon employees including public-relations executive Kelly Cheeseman, logistics executive Parisa Sadrzadeh and human-resources executive Darcie Henry.

☆ Inside the lives of some of the most powerful people on Wall Street
▼ + stars: | 2022-12-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

We're highlighting profiles we've done of some of the most powerful people on Wall Street. They are, as you will see, largely white males — a telling reminder of who still wields the power throughout most of Wall Street. Gregg Lemkau was considered a future CEO candidate at Goldman Sachs before he shocked Wall Street by leaving for Michael Dell's investment firm in 2020. Soft-spoken types can sometimes get bulldozed on Wall Street, where so-called alphas often reign supreme. Inside his strategy for turning Goldman into the Amazon of Wall Street.

☆ Tech Spending Pressures Fuel Demand for Specialized Industry Clouds
▼ + stars: | 2022-12-20 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. PREVIEWMost industry clouds began to hit the market early last year, in part sparked by demand for better healthcare data systems during the Covid-19 outbreak in 2020. Though Oracle doesn’t break out revenue from industry cloud sales, its industry cloud offerings are a “multibillion-dollar business,” Mr. Sicilia said. Microsoft last year rolled out industry clouds for retail, financial services, manufacturing, sustainability and nonprofit businesses, according to Kees Hertogh, Microsoft’s general manager for global industry product marketing. A Microsoft-developed industry cloud helped Tarrytown, N.Y.-based MVP Health Care implement a system to streamline its healthcare data, according to CIO Michael Della Villa.

☆ Fanatics valuation hits $31 billion after $700 million investment round
▼ + stars: | 2022-12-06 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Michael Rubin's sports platform company Fanatics has raised $700 million in fresh capital, pushing its value to $31 billion, according to people familiar with the matter. In March, the company raised $1.5 billion led by Fidelity and Blackrock and Michael Dell's MSD Partners. This summer, Fanatics ventured deeper into collegiate sports, signing a long-term deal with Nike to manufacture college sports fan apparel. Rubin now has his eyes on the sports gaming market. Revenue for Fanatics, including its Lids segment, will be approximately $8 billion in 2023, according to company estimates.

☆ Out with the new and in with the old: Why companies from Starbucks to Disney are bringing back their old CEOs to run the companies again
▼ + stars: | 2022-11-23 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

There are perhaps hundreds of qualified candidates for the job of Disney's CEO. After all, returning CEOs have mixed track records. Iger was Disney's CEO for 15 years — presumably, he won't need much onboarding. In the best-case scenario, the returning CEO has learned more in the time since leaving the post. Indeed, there's always the risk that a returning CEO leans too heavily on their former experience.

Nov 16 (Reuters) - Dell Technologies Inc (DELL.N) on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. The disputed December 2018 transaction involved a stock swap related to Dell's interest in software maker VMware. Dell paid $14 billion in cash and issued 149.4 million Class C shares in exchange for outstanding Class V shares, which tracked VMware's publicly traded stock. Holders of the Class V shares sought $10.7 billion in damages, saying their stock was worth far more than Dell paid for it, while the Class C stock was worth far less than Michael Dell and Silver Lake claimed. Michael Dell was worth $52 billion on Tuesday, according to Forbes magazine.

☆ Inside ex-Goldman Sachs banker Gregg Lemkau's big bet on himself
▼ + stars: | 2022-10-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Gregg Lemkau (center) led MSD Partners, the investment firm financed by Michael Dell (right) to a merger with merchant bank BDT & Company, founded by Byron Trott (left). Gregg Lemkau seemingly had it all, which is why many were surprised at his decision to end his 28-year tenure at Goldman Sachs to run MSD Partners, Michael Dell's investment firm, in late 2020. Nearly two years later, Lemkau has silenced any doubters by orchestrating a merger between MSD and merchant bank BDT & Company. Lemkau will serve as co-CEO with BDT founder and CEO Byron Trott of the new firm, which will target rich families and founders. Click here to read more about Gregg Lemkau's ascension at Goldman Sachs and his decision to leave.

☆ How Gregg Lemkau went from Goldman CEO contender to building a hybrid investment bank catering to billionaires
▼ + stars: | 2022-10-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

Gregg Lemkau was in the running for CEO before he left Goldman Sachs in 2020. Now he runs Michael Dell's investment firm, which is merging with billionaire advisory BDT. When Gregg Lemkau left Goldman Sachs in late 2020 to run Michael Dell's investment firm, many within and outside the bank were surprised. Cardinale, who had left Goldman a decade ago to start his own investment firm, knew it had to be a massive opportunity to pull away Lemkau. Oldest sibling Kristin runs JPMorgan's US wealth management business and Lemkau's younger brother Chip is a managing director at Goldman Sachs in private wealth management.

☆ Meet Byron Trott, the billionaire businessman behind Michael Dell's new investment and advisory firm
▼ + stars: | 2022-10-20 | by ( Graham Rapier | ) www.businessinsider.com time to read: +2 min

Michael Dell's family office is merging with merchant bank BDT to form a new investment and advisory firm. Back in 2008, when he was still working at Goldman Sachs, Trott was publicly praised by Warren Buffett, whose distaste for M&A bankers — and Goldman Sachs — is notorious on Wall Street. "Byron is the rare investment banker who puts himself in his client's shoes," Buffett said in a letter to investors. The combination, the companies said on Thursday, "will create the preeminent advisory and investment firm serving the distinct needs of family- and founder-led business owners and strategic, long-term investors." Here's how Trott, a Midwest native, went from a small-town football player to an investment banker advising billionaires:

☆ Blackstone is betting big on lending out money in the private markets, and the PE giant has $182 billion to do it
▼ + stars: | 2022-10-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Blackstone has some money to lendBlackstone, the world's largest private-equity firm and a big fan of warehouses, reported earnings on Thursday. By comparison, back in the good ole days (see: Q3 2021), Blackstone reported a profit of $1.4 billion. Blackstone reported its private credit unit was up 3% in the third quarter and 9.3% over the past 12 months. To read more about Blackstone's push into private credit, click here. A Fed president spoke somewhere that a Fed president shouldn't really be speaking, The New York Times reported.

☆ I binge-listened to tech podcasts for a week, and what I learned about Silicon Valley is kind of scary
▼ + stars: | 2022-10-04 | by ( Adam Rogers | ) www.businessinsider.com time to read: +19 min

2: The hosts don't know what they don't knowThe problem is, VC podcasts don't stick to the core issues of venture capital. 3: The hosts want us to believe what they don't knowThere's a shocking amount of this kind of drivel on the tech podcasts. This is what a good tech podcast should do: Use access to the best and most successful investors and innovators to illuminate the way Silicon Valley works. But that's not what matters in the world of tech podcasts. But after 40 hours of listening to tech podcasts, I feel kind of bad about it.

☆ Family offices have become a $6 trillion powerhouse in investing—and deal-making
▼ + stars: | 2022-07-11 | by ( Robert Frank | ) www.cnbc.com time to read: +11 min

Family offices now manage more than $6 trillion in wealth, according to some estimates, surpassing the estimated $4 trillion managed by hedge funds. Many billionaire hedge fund managers, seeking lighter regulation or freedom from benchmarks and outside investor demands, are also converting to family offices. Singapore recently created a Family Office Development Team to lead and coordinate initiatives that will attract more family offices. The Wealth Management Institute has launched the Global-Asia Family Office Circle in Singapore to attract more family offices. Even family offices that serve more than one family often receive an exemption from the SEC to keep their filings confidential.

Persons: Andrew Cohen, John Paulson, Leon Cooperman, That's, Exchange Sara Hamilton, Cohen, John D, Rockefeller, J.P, Morgan, Goldman Sachs, " Cohen, Morgan Stanley, Daniel DiBiasio, We've, Michael Dell's, Goldman, Gregg Lemkau, West, Byron Trott, Sara Hamilton, Nicky, Jonathan Oppenheimer, Sergey Brin, James Dyson, Bill Hwang, Alexandria Ocasio, Dennis Kelleher, Kelleher, Archegos, Hamilton Organizations: Street, Morgan Private Bank, Forbes, Federal Reserve, Campden, Family, Exchange, JPMorgan, Bank of America, Citigroup, Credit Suisse, UBS, Deutsche Bank, Morgan Stanley Family, MSD Partners, Container Technologies, BDT Capital Partners, Wealth Management Institute, Google, SEC, Archegos Capital Management, Rep, Better Locations: Asia, U.S, Wall, West Monroe, Singapore, Alexandria, Cortez, Archegos

☆ Studiu: Pandemia accelerează transformarea digitală la nivel european
▼ + stars: | 2020-10-14 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Pandemia accelerează transformarea digitală la nivel european. Este concluzia unui studiu realizat de Dell Technologies, în cadrul căruia au fost chestionaţi 4.300 de lideri de afaceri din 18 ţări. „Am putut arunca o privire asupra viitorului, iar organizaţiile care îşi accelerează transformarea digitală acum vor fi pregătite pentru succes în Era Informaţiilor care se desfăşoară chiar în acest moment”, spune Michael Dell, preşedinte şi director executiv Dell Technologies. Indicele DT este un reper global care indică statutul de transformare digitală al organizaţiilor şi performanţa lor. Sondajul a inclus 4.300 de lideri de afaceri, de la companii mijlocii şi până la organizaţii mari, din 18 ţări, scrie businessmagazin.ro.

Persons: Michael Dell, Sondajul Organizations: Dell Technologies

☆ This is the most common zodiac sign among the world's richest billionaires
▼ + stars: | 2020-05-08 | by ( Anna Papadopoulos | Ceoworld Magazine | ) www.businessinsider.com time to read: +2 min

Libra was the most common sign, with 27 notable billionaires, like Ralph Lauren and Alice Walton. Pisces was next in line, while Cancer came in third as the most common billionaire sign. But did you know one zodiac sign, in particular, is the most likely to produce billionaires? A study has figured out the most common star sign among the world's wealthiest billionaires. With notable billionaires including Ralph Lauren, Stefan Persson, Liliane Bettencourt, Alice Walton, Libra is the star sign of 27 famous-wealthy faces.

☆ Dozens of Goldman Sachs partners have departed the bank since David Solomon became CEO. See the running list here.
▼ + stars: | 2020-02-27 | by ( Carter Johnson | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

David Solomon has been Goldman Sachs' CEO for more than four years after succeeding Lloyd Blankfein. There's been a lot of talk about morale at Goldman Sachs. In reality, Solomon said, there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." "At the moment, year-to-date, our turnover is at a 5-year low, not just for partners, in the whole firm," Solomon added. Here is a running list of Goldman's partners that have retired from the firm — or moved on to roles at other companies — since Solomon became CEO.

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