All articles tagged with #founder
Chelsea Hirschhorn, CEO of Frida, advocates for a measured, thoughtful approach to business, bucking traditional startup trends of rapid growth and risk-taking. Her leadership style has evolved to emphasize empathy and understanding, influenced by her experiences as a working mother, and she prioritizes well-being and practical growth over venture capital funding.
Christine Hunsicker, founder of CaaStle, was charged with multiple financial crimes including fraud and money laundering, after allegedly defrauding investors of over $300 million. She resigned as CEO following allegations of misleading investors about the company's financial health, which filed for bankruptcy after raising over $500 million. The case involves lawsuits from the SEC, an apparel company, and an investment vehicle.
Fred Smith, the founder of FedEx and a pioneer in the logistics industry, has died at age 80. He established FedEx in 1973, transforming it from a small operation into a global delivery giant with over 500,000 employees. A former Marine and Yale graduate, Smith innovated the hub-and-spoke delivery system that revolutionized package delivery. He was remembered as a visionary leader and a mentor to many.
Raul Porto Sr., founder of Porto's Bakery, passed away at 92. He and his wife Rosa started the bakery from their home kitchen, eventually opening the first storefront in Echo Park in 1976. Porto's Bakery has since grown to six locations in the Los Angeles area and is known for its Cuban delicacies and baked goods. Rosa Porto passed away in 2019.
Bob Moore, the founder of Bob’s Red Mill, passed away at the age of 94. He and his wife Charlee started the company in 1978, which grew into a global brand known for its whole-grain products. Moore's passion for wholesome foods and respect for others will continue to inspire the employee owners of Bob’s Red Mill as they carry on his legacy.
Bob Moore, the founder of Bob’s Red Mill, has passed away at the age of 94. The company confirmed his death in a statement, praising his passion for wholesome foods and larger-than-life personality. Moore's successful food career began with a focus on health-conscious eating, and he later gifted his $100 million company to his employees. Survived by three sons, nine grandchildren, and six great-grandchildren, Moore leaves behind a legacy of bringing wholesome foods to people around the world.
Bob Moore, the founder of Bob’s Red Mill food products, passed away at the age of 94. Known for his bearded face and internationally successful whole-grain production business, Moore celebrated his 81st birthday in 2010 by transferring his business to his employees. His company operates a retail store and restaurant and ships products internationally from its location in Milwaukie, Oregon.
The founder of a Chinese tech company has been taken away by authorities for investigation, leading to speculation of a potential arrest.
EA Sports FC 24 players have the opportunity to add Erling Haaland to their Ultimate Team squad by becoming a Founder. By logging in to EA FC 24 with their EA Account and connecting to the EA Servers before November 1, 2023, players can unlock an 87 overall Erling Haaland card and Beats headphones in Clubs. However, the card won't be received in-game until December 10, and its attributes have not been revealed yet.
Evergrande, the embattled Chinese property developer, is set to resume trading on the Hong Kong stock exchange after a four-day suspension, as its founder, Hui Ka Yan, faces a probe by Chinese authorities. The company's shares plummeted last week amid concerns over its massive debt burden and potential default, causing widespread market turmoil.
Shares of Evergrande, one of China's largest property developers, were suspended after reports emerged that the company's founder, Xu Jiayin, is under surveillance. The suspension comes amid growing concerns over Evergrande's massive debt burden and its potential impact on the Chinese economy.
Crypto exchange FTX has filed a lawsuit against the parents of its founder, Sam Bankman-Fried, accusing them of using the company to enrich themselves at the expense of FTX's customers. The lawsuit alleges that Bankman-Fried ran FTX as a "family business" and misappropriated billions in customer funds for the benefit of a small circle of insiders, including his parents. Bankman-Fried has pleaded not guilty to charges of defrauding FTX customers, and other former FTX executives have pleaded guilty to criminal charges. FTX, which filed for bankruptcy in 2022, has recovered over $7 billion in assets to repay customers and is pursuing additional recoveries through lawsuits against insiders and other defendants.
Terry Gou, the billionaire founder of Foxconn, has stepped down from the company's board to pursue a presidential bid in Taiwan. Gou, who founded the electronics manufacturing giant, is known for his close ties to the Chinese government and his business acumen. His decision to enter politics comes as Taiwan prepares for its presidential election in 2020.
Odey EU funds are discussing potential restrictions on withdrawals as founder, Crispin Odey, is sidelined due to a sexual assault charge. The funds are reportedly considering imposing a notice period for withdrawals or suspending redemptions altogether. The move comes as investors have withdrawn around 40% of the funds' assets over the past year.
Emad Mostaque, the founder of AI startup Stability AI, has been accused of exaggerating his role in the company's success and making misleading claims to investors. Mostaque claimed to have a master's degree from Oxford, but only has a bachelor's degree. He also claimed to have worked with the United Nations, but the organization hasn't worked with him for years. Mostaque's startup, Stability AI, gained a $1 billion valuation with the help of a viral AI text-to-image generator, but the source code was written by a different group of researchers. Additionally, wages and payroll taxes have been repeatedly delayed or unpaid, and Mostaque's wife transferred tens of thousands of pounds out of the company's bank account.