Only about 12% of family-owned businesses make it to a third generation still under family control, according to a new Goldman Sachs playbook aimed at the founders and dynasties the bank counts among its most prized clients. It’s a statistic Goldman itself put in print in “Honoring Legacy and Positioning for the Future,” a paper
As a social worker, Scott Steenbergh never seemed to be able to clock out. “The hours were always tough,” the Michigan-based investor and father of two told Business Insider. “It seemed like, no matter what, I was always required to work in the evenings, work on weekends. People were obviously in crisis, and I want
➡️ Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here. IT’S HAPPENING! Anthropic targets $2 trillion IPO in October—largest ever public float Anthropic will stage an IPO in October at a predicted valuation of $2 trillion, even
Bosses everywhere are scrambling to figure out if and how to grade their employees’ AI use. At Gusto, a platform for human resources, managers slot workers into one of five AI archetypes during quarterly reviews. They may begin as “observers,” those who aren’t yet using AI on their own. “Integrators” have made AI part of
Steve and Connie Ballmer have given away more than $8 billion during the past two decades, and founded the Ballmer Group in 2015. Now they’re changing who gets to decide where the next donations go. The couple’s economic-mobility philanthropy, Ballmer Group, is spinning its three regional offices into separate, independent nonprofits for their regional grantmaking.
Tesla has revealed a $10.1 billion proposal for a solar factory in Texas, offering the clearest look yet at how CEO Elon Musk could pursue his ambitions to ramp up solar manufacturing in the US, documents show. In a tax-incentive application filed in Texas, Tesla proposed a solar factory, code-named Project Crystal Sun, that would
