Here is a CEO who was happy to lose his job

Businessam StaffJuly 5, 2017

After more than a year as both creative director and chief executive officer of Burberry Group Plc, Christopher Bailey was tired of the juggling act. So in the autumn of 2015 he asked the board to let him hire someone to assist in running the business. He soon realized he didn’t just need a helping […]

Apple’s Cook reaped $145 million in 2016, most of S&P 500 CEOs

Businessam StaffJune 30, 2017

Don’t be fooled by Tim Cook’s 2016 reported pay of $8.75 million, which ranked the Apple Inc. chief executive officer in the bottom third of all CEOs in the S&P 500. Cook, 56, actually took home $145 million, almost all of it from awards granted back in 2011. He’s not the only chief executive officer […]

Kolawole Aluko foreclosed $50.9m Billionaires’ Row penthouse 

Businessam StaffJune 28, 2017

Nigerian energy businessman Kolawole ‘Kola’ Aluko, 48, was the owner of Apartment 79, which his bank foreclosed Aluko is friends with stars including Jay Z, Beyoncé, Jamie Foxx and Leonardo DiCaprio He was last seen in Hong Kong and May and his yacht Galactica Star  is currently in the Bahamas Another apartment in the One57 building […]

Russian billionaire to buy Holland & Barrett for £1.8bn

Businessam StaffJune 26, 2017

Russian oligarch Mikhail Fridman’s L1 Retail is buying Holland & Barrett An investment fund owned by Russian billionaire Mikhail Fridman has agreed to buy the UK’s biggest health foods retailer, Holland & Barrett, for £1.8bn ($2.3bn). It is the first acquisition made by L1 Retail, which was set up last year by Fridman’s holding company […]

African leader son’s multimillion-euro splurge on $80,000 a year

Businessam StaffJune 22, 2017

The son of Equatorial Guinea’s president bought real estate, a Bugatti Veyron, a Cartier watch and bottles of prestigious Romanee Conti wine on his $80,000-a-year position as a government minister. French prosecutors are demanding he account in court for these and other purchases, which total more than 100 million euros ($112 million). Teodoro Nguema Obiang […]

Billionaires, spies, oil men: Meet the board of a Russian giant

Businessam StaffJune 21, 2017

A combative billionaire commodity trader and a nation at the center of a political storm in the Middle East are about to join the board of Russia’s largest oil producer. They’ll feel right at home. The current directors of Rosneft PJSC, which pumps more oil than any other traded company, are already well versed in political […]

Meet the four men charged over Barclays’s Qatar fundraising

Businessam StaffJune 21, 2017

Barclays Plc and four former executives were charged by the U.K. Serious Fraud Office with conspiracy to commit fraud during the bank’s 2008 effort to raise capital from Qatar. Barclays was seeking to avoid a bailout amid one of the most turbulent periods in financial history. The four men are the most senior U.K. banking executives charged since […]