Russian billionaire gives away $3m bonus to staff


  Mr Deripaska has an estimated wealth of $8.5bn (£5.5bn) Russian billionaire Oleg Deripaska has declined a bonus for 2012 and will use the money to buy shares for employees. Aluminium company Rusal says the $3m (£2m) bonus will be used to reward around 120 employees with shares. Mr Deripaska, who is worth $8.5bn (£5.5bn) according More...

July 10th, 2013
June 10th, 2013

20-Year-Old College Dropout Has A Plan To Save The American Clothing Industry

  At 20 years old, Madison Maxey should be finishing up her second year of college. Instead she’s dropping out to become one of this year’s 20 Thiel fellows. The program was launched More...

Gates, Chinese Ministry Partnership To Work On Drugs, Vaccines
January 19th, 2013

Bill Gates Group Invests $1 Billion in Orascom Construction

Bill Gates is leading a group of U.S. investors committing $1 billion for a stake in construction and fertilizer company OCI NV in one of Egypt’s largest foreign currency inflows since the 2011 uprising. OCI will More...

January 16th, 2013

JPMorgan Cuts Dimon Pay 50%, Says CEO Responsible for Lapses

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon had his pay cut in half after a review of losses at the bank’s chief investment office found he bears responsibility for the blunders. The CEO’s More...

January 16th, 2013

Goldman Sachs and JP Morgan profits rise sharply

Top US banks Goldman Sachs and JP Morgan have reported sharp rises in profits on the back of strong performance in investment banking. Net profits at Goldman Sachs in the final quarter of the year rose threefold More...

January 15th, 2013

Secretive Startup Palantir Is Now Worth ~$8 Billion, According To Cofounder

One of the hottest startups in Silicon Valley is one that most people in business have never heard of: Palantir Tech. That’s because consumers aren’t Palantir’s customers; it’s a data More...

January 14th, 2013

Swatch buying Harry Winston jewellery arm for $750 million cash

Swatch Group is buying the luxury jewellery arm of Canada’s Harry Winston in a $750 million cash deal to expand into high-end bracelets, rings and necklaces. “Harry Winston does brilliantly complement More...

January 11th, 2013

Executives Who Wake Up Really Early

Getting up early is a no brainer for most executives. It means being awake during a part of the day when there are few distractions. It means reacting to the biggest news of the day while others are dreaming. More...

January 10th, 2013

Warren Buffett Bought The Right Railroad

In its latest short-term energy outlook, the EIA projects domestic crude production will hit 7.9 million barrels per day in 2014. The last time we hit that mark was in 1989, according to oil markets guru Stephen More...