BlackRock, the world’s largest asset manager, has struck a transformative $12 billion deal to acquire HPS Investment Partners, solidifying its foothold in the rapidly expanding private credit sector. This acquisition reflects a strategic push to capture a larger share of a market traditionally dominated by banks but now increasingly shaped by alternative asset managers. HPS,
CEO
A recent report by NTT Data reveals that nearly all business leaders surveyed have already invested in generative AI, with 83% establishing specialized teams to focus on the technology. The Global GenAI Report: How Organizations Are Mastering Their Generative AI Destiny in 2025 surveyed over 2,300 IT and business leaders across 34 countries and 12
In 2021, amidst one of the most disruptive periods of modern history, I sold Back In Motion—Australia’s leading physiotherapy business—for a record price of over $100 million. It was a journey that began with a $300 order for supplies and a small space rented with nothing more than hope and ambition. But success is never
Respectful disagreement seems like a lost art in our increasingly polarised world. Social media is full of people shouting at each other, with rage fuelling the algorithms. This hostility is creeping into workplaces too. But disagreements aren’t inherently bad. They’re crucial for good decision-making and team performance. We need to learn how to disagree respectfully
In a bold bid to reshape the Italian banking landscape, UniCredit announced on Monday its intent to acquire domestic competitor Banco BPM in a transaction valued at approximately $10.5 billion. This move, described by the bank as independent of its ongoing efforts to deepen ties with German lender Commerzbank, aims to consolidate UniCredit’s position as
“Being powerful is like being a lady. If you have to tell people you are, you aren’t.” – Margaret Thatcher. When talking about a business leader with power, traditionally, the image that pops up in our minds is one of strong males like Jack Welch, the former CEO of GE, or Elon Musk, the CEO
Europe’s largest food retailer, Carrefour, expressed regret that its pledge to exclude South American meat from its shelves in France had been interpreted as undermining its partnership with Brazilian agriculture. In a statement, Carrefour emphasized that nearly all the meat it sold in France was sourced domestically, while the meat sold in Brazil came exclusively
A recent report from KPMG in Canada highlights that advancing Environmental, Social, and Governance (ESG) and sustainability efforts goes beyond mere compliance; it’s about building long-term resilience and creating value. The study emphasizes that Canadian CEOs are grappling with numerous ESG risks and opportunities that demand immediate and strategic action to successfully navigate the complex
‘Every generation blames the one before it and all of their frustrations come beating on your door.’ So said Generation-X social commentators of the 1980s, Mike and The Mechanics. Although they also said ‘Take the children and yourself and hide out in the cellar’… so maybe you should take their preachings with a pinch of
While the existence of a gender pay gap across countries and industries is common knowledge, it is rare to think we are personally affected by it, and even more difficult to find out if we are. I, for example, had never thought about the gender pay gap in my specific work situation, until the day
Today in the U.S. there is no doubt that it is more difficult for a person of color to obtain a good job, a good education, a car loan, a reasonable house mortgage, live in a nice neighborhood, live a long, enjoyable life, get smiles from strangers, receive excellent medical care, stay out of court,
A few weeks ago, I enjoyed a lengthy conversation with one of my favorite fellow speakers, Gair Maxwell. Gair is a former Vistage and TEC Canada Speaker of the Year and author of Big Little Legends: How Everyday Leaders Build Irresistible Brands. We had not spoken in a while, yet after catching up, it didn’t
Gautam Adani, a prominent Indian businessman and one of the world’s wealthiest individuals, has been indicted in the United States on charges of misleading investors by hiding the involvement of an alleged bribery scheme tied to a major solar energy initiative in India. The indictment, revealed on Wednesday, accuses the 62-year-old Adani of securities fraud
China’s wealthiest individual, Zhong Shanshan, recently criticized online shopping platforms, blaming them for igniting price wars that have hurt various industries as the country grapples with an economic slowdown. His unusually candid comments, which have largely been censored by state-controlled media, also targeted the Chinese government for its inaction, accusing it of negligence in failing
Francois Pinault, the 88-year-old founder of Kering, has fallen out of the top 100 richest individuals globally as his son faces challenges revitalizing Gucci, the luxury conglomerate’s largest brand. For the first time in over a decade, Pinault is now ranked 105th among the world’s wealthiest—a significant drop from his previous position within the top
In 2009, our 14-year-old daughter, Steph, was denied a life-changing school trip to Cambodia to volunteer with disadvantaged rural families. We decided to embrace the opportunity and travelled to Cambodia as a family, volunteering to teach English at a rural school in Siem Reap province. Those two weeks changed the course of our lives, and
A job advertisement in Hangzhou, Zhejiang Province, offering steady employment for “Village CEOs” has recently gone viral, drawing attention to this emerging career as China’s rural areas experience rapid development. The ad, posted by Yuhang District in Hangzhou, seeks to fill six Village CEO positions, promising an annual base salary of approximately $25,023 along with
The rapid rise of generative AI (Gen AI) is reshaping industries, and learning and development (L&D) professionals are at the center of this evolution. Simon Brown, Global Learning and Development Leader at EY, discussed this transformation in my recent interview with him. His insights shed light on how companies can integrate Gen AI into their
Poor mental health costs the global economy $1 trillion annually in lost productivity and it is only getting worse in an uncertain world. Disrupted sleep, increased irritability and fatigue from mounting tasks can spiral leaders into poor coping habits that affect both personal health and work performance. Learning to better connect with yourself is a
Bangkok’s prime Grade A office buildings have seen vacancy rates spike to 26.3%, signaling a growing oversupply in the market. Nevertheless, Frasers Property Limited, under the leadership of Panote Sirivadhanabhakdi, is optimistic that the ongoing US-China trade tensions will boost demand for office and industrial properties across Southeast Asia. With a $3.6 billion investment in
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