 | From the Editor's Desk
What Do You Do When You Suddenly Have $1 Billion? On October 28, 2021, Danilo Iervolino signed a document that changed his life. Two years after selling a 50% stake in his company Multiversity—which he had founded and grown into one of the largest online universities in Europe—to private equity firm CVC Capital Partners, he sold the rest to CVC for $1.3 billion. With the stroke of a pen, he gave up the business he had spent 15 years of his life building and found himself flush with cash—and effectively without a day job.
Leaning forward on a white couch in the gold-accented living room of his villa in central Rome, Iervolino, 45, reflected on the sale. “I wanted new challenges,” he tells Forbes, clad in a black suit offset by a yellow tie and red pocket square. “I like to reinvent myself in many different industries.”
Continued here
TradeBriefs: Newsletters for Decision-Makers!
Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails.
Want the newsletters, without the promotional mailers?
Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month.
|
WorkDan Ives says China is losing the A.I. race as Wedbush sees ‘discernibly more clients in Asia’ rotating toward Silicon Valley  © 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. WorkGolden Knights' depth rings true in G1 OT win  \"The good news is that the other two ended the right way,\" Stars coach Pete DeBoer said when asked about losing a third straight series in overtime. \"That\'s what we\'ll hope for, but you got to win some overtime games too in the playoffs. You can\'t go 0-for-3, 0-for-4 in the playoffs in overtime. That\'s something we\'ve got to get fixed quickly.\"
WorkWhat to watch for Saturday at the PGA Championship  \"Yeah, it\'s pretty exciting. Really close with both Taylor and Adam [Svensson]. It\'s fun to be part of the group of Canadian golfers right now. I think whether it\'s myself or one of them or the others, someone is making some noise every week. It\'s fun to be a part of.\" WorkWith Feinstein Ailing, Newsom’s Vow Looms Over Senate Race  The firm of his longtime advisers, Ace Smith and Sean Clegg, is working for a pro-Schiff super PAC. His former spokesman, Nathan Click, is advising Ms. Porter. Two other Newsom strategists, Dan Newman and Brian Brokaw, are working for a pro-Lee super PAC. WorkBiden Voices Optimism on Debt Talks Despite Sharp Statements by Both Sides  The federal government reached its $31.4 trillion debt ceiling set by law months ago. The Treasury Department has been employing a set of accounting maneuvers to avoid breaching it but has said it could run out of options as early as June 1, which would throw the nation into default for the first time as it failed to pay its obligations, unless Congress and the president came to an agreement. Work WorkTo Counter China, G7 Countries Borrow Its Economic Playbook  Still, the allies’ industrial policy push threatens to complicate already difficult relations with China. Consulting and advisory firms with foreign ties have been subject to raids, detainments and arrests in China in recent months. Chinese officials have made clear that they see export controls as a threat. Adopting the phase American officials use to criticize Beijing, the Chinese Embassy in Washington warned the Group of 7 this week against what it called “economic coercion.” WorkPreakness Stakes 2023: Saturday Odds, Best Bets, And How National Treasure, Perform And Blazing Sevens Can Take Down Mage  Bluegrass Wise Man: Run faster than Mage, isn\'t that usually the way they do it? Look, everybody knows that Mage likes to bring it late and is a deep closer, so if you are National Treasure, or anybody, what you need to do is get in position and be ready for those last two furlongs. There are two ways to do it. First way is to be further out front than Mage can reach, and with enough gas to stay out front when he comes at you. The other way to do it is to bide your time in the middle of the pack and then make your move slightly before he makes his. You\'re betting everything on a duel there. Either way is tricky, and damn difficult. WorkMinnesota Lawmakers Pass Marijuana Legalization Bill  “Minnesota’s recent legislative efforts clearly demonstrate insights from the lessons learned from other legal states in the Great Lakes region, including reasonable possession and home cultivation provisions, automatic expungement relief, and promising social equity components,” Copenhaver writes in an email. “All signs continue to indicate that Governor Walz will sign a legalization bill soon, perhaps before the end of May.” WorkHow To Get A Passport At The Last Minute  If you hire a passport service, you could spend anywhere from $200 to $2,000 to get your passport at the last minute. And with the passport crisis only worsening, many companies are raising their prices to capitalize on demand. With a little advance planning, you can avoid an unnecessary expense. WorkWork WorkWorkAn AstraZeneca executive said the quiet part about China out loud  But AstraZeneca’s ambitions in the country may be bigger than those of most other nations. The drugmaker recently signed licensing agreements with three local companies and has signaled openness to make acquisitions in the country. Further, commenting on China’s government’s recent claims that it is welcoming business with foreign companies, AstraZeneca’s CEO Pascal Soriot said that he doesn’t think tensions between China and Western countries represent a challenge for the pharmaceutical industry. WorkG7 Summit: Africa seeks new role as nations eye its resources  You can watch Albert Muchanga\'s full interview on Talking Business with Aaron Heslehurst on BBC News. Viewers in the UK can watch on BBC iPlayer from 11:30 on Saturday. In other countries it will be on at 10:30 & 23:30 GMT on Saturday, 05:30 and 16:30 GMT on Sunday and 07:30 GMT on Monday WorkLong-term sick: How record number changes UK economy  Significant numbers of students, carers and even some retired people have been going back to work, pushing the inactivity rate - the key measure of people not in work - down to 21% - the lowest level in three years. WorkWorkPowell Says Inflation Remains Too High  Instead, investors have begun betting on the current level of interest rates remaining where it is for longer. They had been pricing in a quarter-point cut to rates as soon as September and two subsequent quarter-point cuts before the end of the year. They are now betting on one to two cuts to rates toward the end of the year. WorkWould You Take Financial Advice From A.I.?  “If we’re going to hand over our decisions to them, and we don’t have any idea how they’re working, I mean, you might as well shake one of those Magic 8 Balls and get the answer from that,” he said. WorkChina’s Tech Giants Signal the First Steps in a Bumpy Recovery  “I would suggest to forget the past,” said Kenny Wen, head of investment strategy at the asset management company KGI Asia in Hong Kong. “Now they are coming back, and we’re seeing gradual improvement. We need to give them a new evaluation standard.” |
TradeBriefs Publications are read by over 10,00,000 Industry Executives |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
No comments:
Post a Comment