Posts tagged forbes
The Executive
The Executive Gateway: News, Life, Work - It All Starts Here
1 note &
Ooops, Reuters Mistakenly Posts an Obituary for Hedge Fund Billionaire George Soros.
While he may not look so good, he is still very much alive at 82.
Reuters published an obituary of billionaire investor and philanthropist George Soros on Thursday. Only one problem: he’s not dead.
In a wide-ranging 1,222 word report written by reporter Todd Eastham, Reuters eulogized Soros with this fill-in-the-blank lede: “George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that made him billions.”
When reached for comment, Soros Fund Management adviser Michael Vachon was emphatic that his boss is far from dead. In fact, Vachon said he spoke to Soros just minutes prior. At 82 years old, the hedge fund legend had a net worth of $19.2 billion as of the 2013 Forbes Billionaires list in March.
Here’s one excerpt from the obituary:
An enigma, wrapped in intellect, contradiction and money.
A Jew born in Hungary as the Nazis were gaining power in Germany, Soros survived World War Two and then emigrated to Great Britain, where he earned a degree from the London School of Economics in 1952, and landed his first job in the financial industry largely through pure stubborn chutzpah.
If Reuters pulls down the story from its website, you can still read it on Forbes’ Scribd page here
http://www.forbes.com/sites/briansolomon/2013/04/18/hes-not-dead-reuters-publishes-premature-obituary-of-george-soros/
2 notes &
Martinis With The Hiring Manager: Will Cocktail Parties Replace Job Fairs?
What do you get when you mix drinks, finger foods, a little background music and a lot of mingling strangers? Well, if you’re a creative-thinking business, you get the perfect environment to suss out your next key hire. Call them hiring soirees, candidate cocktail parties or applicant meet & greets, but an increasing number of companies are pushing aside job fairs in favor of parties.
E-commerce platform Shopify is no stranger to offbeat recruitment efforts; they turned to Reddit to source social media manager candidates, after all. The rapidly expanding Canadian company is set to host its second hiring party this week. The first event – attended by 90 job seekers – netted them 16 new hires, which exceeded Shopify’s expectations. For an organization that’s been doubling its workforce year to year, business-as-usual hiring no longer meets their needs, says Doug Tetzner, head of talent acquisition.
To read more go to Forbes
0 notes &
Rich People Problems: Pity poor billionaire T. Boone Pickens, his estranged son is cyberbullying him…
Oilman T. Boone Pickens is entangled in a cyberbullying lawsuit against his estranged son Michael. Forbes wealth reporter Caleb Melby shares exclusive details with Forbes associate editor Steven Bertoni.
0 notes &
0 notes &
2 notes &
Carl Icahn Unleashed: Wall Street’s Richest Man Is On The Attack — Just Ask Michael Dell
“What else am I going to do? Sit at boring dinner parties?” - Carl Icahn (Cover: Jonathan Kozowyk For Forbes)
This story was co-authored with Nathan Vardi.
Carl Icahn’s offices carry a distinct museum quality. Three decades of scalps, resulting from some of the most famous hostile takeovers, proxy fights and board assaults in American financial history, cover every cranny of his wood-lined corridors. There are model airplanes from TWA–the takeover that cemented his name among major league dealmakers –and toy trains from ACF Industries, which has served as his cash machine for decades. Lucite tombstones recount conquests involving many of the great companies of the 20th century, from MGM to Motorola, Texaco to Nabisco.
3 notes &
The Law Schools Whose Grads Earn The Biggest Paychecks
Law school is a gamble. It’s extremely pricey, and grads aren’t guaranteed a lucrative career. But if you invest in one of the country’s top programs, you could end up earning a six-figure paycheck right out of school.
Forbes turned to Payscale.com to find the law schools whose graduates make the most in the early stages of their career. Columbia Law School led the way, with alumni earning a starting salary of about $165,000. At mid-career, the median pay (50th percentile) for Columbia grads in the private sector is $187,000, according to data provided by alumni on the Payscale site.
“The main reason law school is a big gamble is the mismatch between demand and supply,” says Katie Bardaro, Payscale’s lead economist. “Simply put, there are more law school graduates than there are full-time, bar-requiring jobs. This has resulted in numerous law graduates moving into careers for which they are overqualified, like paralegal or legal assistant. Given these odds, as well as the exorbitant cost of law school, the potential for large amounts of plaguing debt is quite high.”
To read more go to Forbes
5 notes &
The World’s Richest Billionaires: Full List Of The Top 500
1. Carlos Slim Helu & family
Net Worth: $73 billion
Source of wealth: Telecom
Country: Mexico
2. Bill Gates
Net worth: 67 billion
Source of wealth: Microsoft, investments
Country: United States
3. Amancio Ortega
Net worth: 57 billion
Source of wealth: Zara
Country: Spain
4. Warren Buffett
Net Worth: 53.5 billion
Source of wealth: Berkshire Hathaway
Country: United States
5. Larry Ellison
Net worth: $43 billion
Source of wealth: Oracle
Country: United States
6. Charles Koch
Net worth: $34 billion
Source of wealth: diversified
Country: United States
6. David Koch
Net worth: $34 billion
Source of wealth: diversified
Country: United States
8. Li Ka-shing
Net worth: $31 billion
Source of wealth: diversified
Country: Hong Kong
9. Liliane Bettencourt
Net worth: $30 billion
Source of Wealth L’Oreal
Country: France
10. Bernard Arnault
Net worth: $29 billion
Source of wealth: LVMH
Country: France
11. Christy Walton & family
Net worth: $28.2 billion
Source of wealth: Wal-Mart
Country: United States
12. Stefan Persson
Net worth: $28 billion
Source of wealth: H&M
Country: Sweden
13. Michael Bloomberg
Net worth: $27 billion
Source of wealth: Bloomberg LP
Country: United States
14. Jim Walton
Net worth: $26.7 billion
Source of wealth: Wal-Mart
Country: United States
15., Sheldon Adelson
Net worth: $26.5 billion
Source of wealth: casinos
Country: United States
16. Alice Walton
Net worth: $26.3 billion
Source of wealth: Wal-Mart
Country: United States
17. S. Robson Walton
Net worth: $26.1 billion
Source of wealth: Wal-Mart
Country: United States
18. Karl Albrecht
Net worth: $6 billion
Source of wealth: Aldi
Country: Germany
19. Jeff Bezos
Net worth: $25.2 billion
Source of wealth: Amazon.com
Country: United States
20. Larry Page
Net worth: $23 billion
Source of wealth: Google
Country: United States
21. Sergey Brin billion
Net worth: $22.8
Source of wealth: Google
Country: United States
22. Mukesh Ambani
Net worth: $21.5 billion
Source of wealth: petrochemicals, oil & gas
Country: India
23. Michele Ferrero & family
Net worth: $20.4 billion
Source of wealth: chocolates
Country: Italy
24. Lee Shau Kee
Net worth: $20.3 billion
Source of wealth: diversified
Country: Hong Kong
24. David Thomson & family
Net worth: $20.3 billion
Source of wealth: media
Country: Canada
25. Carl Icahn
Net worth: $20 billion
Source of wealth: leveraged buyouts
Country: United States
http://www.forbes.com/sites/edwindurgy/2013/03/04/the-worlds-richest-billionaires-full-list-of-the-top-500/
0 notes &
The World’s Richest Billionaire Hedge Fund Managers And Traders
The world’s billionaires club now includes 40 men who have earned a significant part of their wealth from managing hedge funds. These hedge fund billionaires have profited by making big trades in financial markets and charging their investors high fees. Their fortunes have grown as they compounded these winnings over many years. It’s a rich model that can produce earnings in excess of $1 billion a year for the most successful hedge fund billionaires.
2 notes &
Meet the World’s Billionaires
Inside The 2013 Billionaires List: Facts and Figures
0 notes &
Barron’s Interview with Douglas Kass of Seabreeze Partners
Bearish on Brokers, Bullish on Housing
Doug Kass has appeared numerous times in Barron’s, having penned his first guest column for us in 1992, on the case for shorting Marvel Comics stock. Those who want more of his humorous and distinctive views on stocks and companies can follow his blog on seabreezepartners.net or watch his frequent TV appearances. A onetime Nader’s raider (he wrote a book about Citibank with consumer advocate Ralph Nader), Kass, 63 years old, invested money for such firms as Omega Advisors, Glickenhaus & Co., and Putnam Management before founding his firm in 1997. In his latest Barron’s interview, the former housing analyst talks about the recovery in housing and why he’s shorting Goldman Sachs .
Source: Barrons
4 notes &
The World’s 3 Highest Paid Models
Brazilian bombshell Gisele Bundchen tops the annual Forbes magazine highest paid models list.
While Wall Street and other high-earning professionals are assailed for their perceived excessive compensation packages, the public is unconcerned that vacuous models, actors, actresses, athletes and entertainers earn tens and hundreds of millions of dollars per year.
Is is fair to lambaste a business person that creates jobs, useful products and services, and life/work improvements while simultaneously applauding the millions earned by a a person just because they have a beautiful body, can sort of sing or dunk a basketball?
