Uber’s IPO valuation has dropped from it’s initial $100bn goal. Why? Furthermore, can SMEs learn anything from their mistakes?
From 1982 to 1987 I travelled a wild and rocky road on Wall Street. My five years as a futures trader at the epicentre of capitalism were stressful, and to deal with it I played hard. I was young and impressionable and was taken in by all the temptations the city could offer, like a kid in a candy store. It took overcoming alcoholism to boot me in the right direction.
Entrepreneur Warren Buffett has spent the last 50 odd years assembling a portfolio of businesses, so he's well positioned to deliver advice for both investors and employers – the latest of which claimed passive investors do better than funds handled by consultants charging high fees.
Former Lehman Brothers CEO Richard Fuld, notorious for being one of the key reasons for the 2008 financial crisis, has offered his own views on why the financial crisis happened and why Lehman was such a great business.
UK financial trader Navinder Sarao, who has been accused of wiping billions off the value of Wall Street stocks, is fighting extradition to the US.
Google is not afraid to lure in top executive talent, as was shown by the hefty $70m the company paid Morgan Stanley's CFO Ruth Porat – enticing her to defect from her job in New York. Keen to secure “Wall Street's most powerful woman” the company offered Porat stock valued at $25m. But what is the company's true intentions?