• Business Mag Search: Economy - Finance > Service

      Receive the "World" Newsletter by email

  • Ex-Morgan Stanley rainmaker Greg Fleming's new firm is putting in place 'the building blocks' to reach $100 billion in assets - and it's just made its biggest move yet

    7 monthes ago - By Business Insider

    Greg Fleming, a former Morgan Stanley executive, is turning the former Rockefeller family office into a financial services firm.
    He aims to increase the firm's assets under management from $18.6 billion to $100 billion.
    The firm tacked on an investment firm focused on the ultra-wealthy in its first - but not its last - acquisition.
    Greg Fleming hasn't been shy about his ambitions to turn what was the Rockefeller family office into a behemoth of a financial services firm.
    The former Morgan Stanley and Merrill Lynch executive, who joined New York-based Rockefeller Capital Management last...
    Read more ...

     

  • Reddit's former product chief says he made the world 'a worse place' in his pursuit of growth at all costs

    Reddit's former product chief says he made the world 'a worse place' in his pursuit of growth at all costs

    7 monthes ago - By Business Insider

    Former Reddit head of product Dan McComas told New York magazine that he believes his time at the internet forum "made the world a worse place."
    McComas said a relentless pursuit of growth has led to user safety and wellbeing being sacrificed.
    He also criticised Twitter and Discord, and has "no hope" that these platforms can ever be free from abuse.
    Former Reddit product head Dan McComas gave New York magazine a bracingly honest account of his time at the internet forum.
    McComas said growth trumped everything in Reddit board meetings, even if it was harmful for Reddit's community, which...
    Read more ...