Leadership
View all
From Payphone to Powerhouse: Mellody Hobson’s Rise to Co-CEO of Ariel Investments
Mellody Hobson's ascent to co-CEO of Ariel Investments—one of the largest minority-owned investment firms in the U.S., managing $14.9 billion—began in a Princeton basement, where a single payphone call would chart the course for an extraordinary career. Known for her trailblazing leadership and commitment to financial literacy, Hobson’s journey from a young student with big ambitions to a Wall Street leader is as inspiring as it is instructive. Humble Beginnings and the Call That Started It All Hobson grew up in Chicago, the yo…
Poppy Gustafsson: The Innovator Behind Darktrace’s Global Success
Cambridge, UK – 6th September 2024 – Darktrace plc (DARK.L), the global leader in cybersecurity AI, has announced that Poppy Gustafsson will step down from her role as Chief Executive Officer (CEO) with immediate effect. Jill Popelka, the current Chief Operating Officer (COO), will succeed her as CEO and join the Darktrace Board of Directors. Jill brings over 20 years of experience leading operational best practices in fast-growing technology businesses. She has held senior positions at Accenture, Snap Inc., and SAP SuccessFactors,…
BMW Grapples with Sharp Profit Drop Amid China Sales Slump and Major Recall
BMW is navigating what it calls "extraordinary challenges" as its profits took an 84% plunge in the third quarter, impacted by weak sales in China and a large-scale vehicle recall. The German automaker's net profit fell to 476 million euros ($512 million) from July to September, missing market expectations. Total vehicle deliveries dropped 13% year-over-year, with sales in the crucial Chinese market down by nearly 30%. Overall, BMW’s revenue slipped 16%, totaling 32.4 billion euros. The profit hit was compounded by a …
Richemont Faces Profit Dip Amid China’s Luxury Market Slowdown
Luxury titan Richemont, the parent company of Cartier, reported a 20% dip in net profit for the first half of the year, with slowing consumer demand in China driving the decline. For the six months ending in September, Richemont’s profit after tax landed at 1.7 billion euros ($1.8 billion), falling short of analyst expectations. Global sales also slipped by 1% to 10.1 billion euros, with the Asia-Pacific region, particularly China, showing the sharpest declines. While other markets posted solid growth, Richemont highlighted that re…
Salt Bae’s London Steakhouse Feels the Pinch with £4.3M Revenue Drop
Salt Bae’s luxury London restaurant, Nusr-Et, faced a sharp £4.3 million revenue drop in 2023, as customers reined in spending on its infamous £680 steaks. Nestled in Knightsbridge, the restaurant reported a turnover of £9.3 million, down from £13.6 million the previous year, while profits (EBITDA) declined from £3.9 million to £2.2 million. The staff count also fell from 93 to 84, reducing payroll expenses by £800,000, according to the restaurant’s annual report. Known globally as Salt Bae, chef Nusret Gökçe rose to fame in 2017 a…
