When Doug Herrington first arrived at Amazon more than two decades ago, he found not just a fast-moving e-commerce startup, but a culture wrapped in what felt like a corporate creed. “I felt like I had joined a cult,” Herrington…
Six years after Warren Buffett sold off all of Berkshire Hathaway’s newspapers and predicted unending declines for most of the industry, Berkshire disclosed a new $350 million investment in The New York Times on Tuesday. The somewhat surprising move highlighted the quarterly…
Les Wexner’s long-time friendship with Jeffrey Epstein will be the subject of a closed-door congressional deposition in Ohio on Wednesday, where the billionaire retail magnate is expected to face questions about new revelations contained in the latest release of Justice Department…
As the prediction markets Kalshi and Polymarket dominate the attention of investors and regulators, a sports-focused challenger called Novig is announcing $75 million in fresh funding to compete with the twin giants. Led by the blockchain venture firm Pantera Capital,…
Once upon a time (a few years ago), if you wanted to rapidly increase your salary, the best way to do it was “job hopping”: bouncing up the career ladder to leverage better pay and benefits. This is a particularly…
Good morning. Goldman Sachs got some unwanted attention yesterday for its reported plans to scrap DEI criteria for its board, about a year after erasing diversity goals for its workforce. Many other companies have done the same amid a federal…
Two weeks after the U.S. Justice Department’s latest batch of 3 million Jeffrey Epstein files revealed the business elite—from Hollywood to New York to Dubai—who were friendly with the late, disgraced financier, the corporate world is still sifting through his…
A hotel is already alive long before it welcomes its first guest. Housekeepers make the rounds before dawn, kitchen crews rehearse dishes yet to be ordered, concierges prepare for the day. This unseen work is now expanding as Southeast Asia’s…
Around the time Rob Hadick signed the paperwork to join Dragonfly Capital in April 2022, he’d also rented a house in the Hamptons. A contract with his former employer, hedge fund GoldenTree, obliged him to refrain from working for six…
The once relentless rally in AI-fueled stocks has lost momentum, as investors confront the unsettling idea that advances in artificial intelligence could erode the very value propositions that made tech giants dominant in the first place. Yet some executives and…