Former Credit Suisse trader who’s raised $66m for bitcoin push

Businessam StaffJuly 12, 2017

Nikolav Storonsky is a former Credit Suisse Group AG trader who is getting $66 million from investors including Index Ventures to help expand his business offering banking services and add cryptocurrency exchange for customers. His London-based Revolut Ltd. raised the money in a round that included Balderton Capital and Ribbit Capital, according to a statement […]

How Elon Musk proved that thought leadership is the new patriotism

Businessam StaffJuly 11, 2017

Recently, Elon Musk did something that would make the C-suite execs of decades past roll over in their graves: he tweeted about politics.  “Am departing presidential councils,” Musk wrote on his Twitter account. “Climate change is real. Leaving Paris is not good for America or the world.” Back in the day, it was good business […]

Surfer who saved the world from WannaCry gets ready for the next big virus

Businessam StaffJuly 9, 2017

The 23-year-old who saved the world from a devastating cyberattack in May was asleep in his bed in the English seaside town of Ilfracombe last week after a night of partying when another online extortion campaign spread across the globe. Around 6 p.m. on June 27, Marcus Hutchins, a self-taught computer-security researcher and avid surfer, […]

These powerful women CEOs know how to put technology in its place

Businessam StaffJuly 6, 2017

One of the biggest challenges many of us face is managing our technology. This can be trickier for women who tend to be taskmasters and caregivers, handling things like doctor’s appointments, elder care, the school play, high school admissions, and travel arrangements. Technology makes this kind of work easier to do (especially during a lunch […]

Chinese tech billionaire’s woes mount with asset freeze

Businessam StaffJuly 6, 2017

Jia Yueting, who built Chinese firm LeEco into a sprawling business empire, has had assets frozen by a Shanghai court, the company said Tuesday, confirming an earlier report in state media. The 1.24 billion yuan ($183 million) asset freeze also affects Jia’s wife and three businesses affiliated with LeEco, which has been struggling for months […]

Here is a CEO who was happy to lose his job

Businessam StaffJuly 5, 2017

After more than a year as both creative director and chief executive officer of Burberry Group Plc, Christopher Bailey was tired of the juggling act. So in the autumn of 2015 he asked the board to let him hire someone to assist in running the business. He soon realized he didn’t just need a helping […]

Apple’s Cook reaped $145 million in 2016, most of S&P 500 CEOs

Businessam StaffJune 30, 2017

Don’t be fooled by Tim Cook’s 2016 reported pay of $8.75 million, which ranked the Apple Inc. chief executive officer in the bottom third of all CEOs in the S&P 500. Cook, 56, actually took home $145 million, almost all of it from awards granted back in 2011. He’s not the only chief executive officer […]

Kolawole Aluko foreclosed $50.9m Billionaires’ Row penthouse 

Businessam StaffJune 28, 2017

Nigerian energy businessman Kolawole ‘Kola’ Aluko, 48, was the owner of Apartment 79, which his bank foreclosed Aluko is friends with stars including Jay Z, Beyoncé, Jamie Foxx and Leonardo DiCaprio He was last seen in Hong Kong and May and his yacht Galactica Star  is currently in the Bahamas Another apartment in the One57 building […]

Russian billionaire to buy Holland & Barrett for £1.8bn

Businessam StaffJune 26, 2017

Russian oligarch Mikhail Fridman’s L1 Retail is buying Holland & Barrett An investment fund owned by Russian billionaire Mikhail Fridman has agreed to buy the UK’s biggest health foods retailer, Holland & Barrett, for £1.8bn ($2.3bn). It is the first acquisition made by L1 Retail, which was set up last year by Fridman’s holding company […]