Inheritance for your dog: How the rich put millions into trusts with very specific purposes, from taking care of pets to cryogenically freezing their bodies
The rich can use trusts to devote millions to pets, art collections, and even cryogenic freezing. Sometimes they leave would-be heirs high and dry – and it’s perfectly legal. Lawyers to the uber-rich told Insider how purpose trusts work and how to plan for centuries ahead. Pets can become four-legged members of the family for…
Since David Solomon became Goldman Sachs CEO, more than 85 partners have left. See the running list here.
David Solomon has been Goldman Sachs’ CEO since 2018, succeeding Lloyd Blankfein. He’s made big changes to Goldman and its leadership, and a number of senior execs have left. Julian Salisbury, CIO of asset & wealth management, is heading to Sixth Street. Julian Salisbury is leaving the bank after 25 years, becoming the latest in…
Amazon sellers and experts weigh in on how to pick a good product to sell online: ‘Sticking to durable goods is the way to go’
If you’re thinking about starting an e-commerce business, you need to first pick a product to sell. Successful Amazon sellers weighed in on what makes a good product. They recommend starting with small, lightweight products to save on shipping costs. Anyone can create an Amazon seller profile and begin listing products. But what exactly should…
Julian Salisbury was once considered a contender for Goldman Sachs CEO. Read David Solomon’s memo on his departure.
Julian Salisbury, once considered a CEO contender, is leaving Goldman after 25 years. He was CIO of the bank’s all-important asset and wealth management division. He will not be replaced, a bank spokesperson said. He was once considered a candidate for CEO. Julian Salisbury is leaving Goldman Sachs after 25 years as CIO, and his…
Microsoft’s venture capital arm, M12, has been offloading its portfolio on secondary exchanges at discounts, sources say
M12, Microsoft’s venture firm, is offloading some of its portfolio on secondary exchanges, sources say. The fund’s shares in startups are taking haircuts of between 30% and 70%, three people said. M12 recently changed its strategy to become less like a VC and more like a business development team. M12, Microsoft’s corporate venture capital fund, has been…
An advertiser that made women’s sports a key marketing focus explains how the strategy is playing out and how it will capitalize on the World Cup
Ally Financial made a pledge last year to invest equally in men’s and women’s sports media. Since then, the brand’s likeability, preference, and awareness among women’s sports fans is up. The company is dropping a commercial featuring female athletes during the FIFA Women’s World Cup. When the Women’s World Cup begins today in Australia and…
Netflix is Hollywood’s most confident company this summer, with a soaring stock price and a global content machine to help it ride out the actors’ strike: ‘They just aren’t worried’
Writers’ and actors’ strikes notwithstanding, Netflix has been riding high. Its stock has soared and it’s added 5.9 million subscribers since its crackdown on password sharing. To outsiders, the company is projecting confidence and a business-as-usual vibe. It’s a bad time for Hollywood, with actor and writer strikes halting productions. The box office revival of…
E-bikes are too hot, literally. With a rise in exploding batteries, here’s how startups are stepping in to keep deliveries safe.
The market for e-bike delivery has grown dramatically in the past few years. However, more delivery drivers using these bikes has led to an increase in fires. Here’s how startups, delivery companies, and city governments are improving safety. The recent explosion of delivery startups and e-bikes has resulted in a new type of boom: increasing…
Buy these 6 stocks now to bet on the AI revolution and other rapidly growing industries, according to the managers behind a fund that’s rebounded from bottom 1% performance last year to a top 1% performance in 2023
One of this year’s top mutual funds is coming off back-to-back bottom-1% finishes. The fund’s managers stuck to their time-tested investing process during the bear market. Here are six top growth stocks in rapidly expanding industries like artificial intelligence. In a sea of growth-oriented funds, the Virtus Zevenbergen Innovative Growth Stock Fund (SAGAX) stands out…
