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1. Who's next?
Wanted: CEO of a payments company with an $84 billion market cap.
In case you missed it, PayPal CEO and President Dan Schulman announced his plan to retire at the end of 2023 earlier this month.
Schulman, who has been at the helm of PayPal for more than eight years, said in a release, "I'm at a point in my life where I want to devote more time to my passions outside the workplace."
The list, which features six executives, noticeably includes only one person currently at PayPal. Many of the people who were suggested, however, spent a time at PayPal at the most senior levels.
It's an interesting dynamic. On the one hand, you could view that as a testament to Schulman's leadership. He's done such a good job of grooming his deputies that they are constantly getting poached. On the other, it could be a sign that strong executives didn't stick around because they felt there was always a ceiling under Schulman.
2. The rich stay rich thanks to another loophole that helps them save on taxes. Charitable remainder trusts are a way the ultra-rich can benefit from tax savings but still guarantee themselves income for life. Here's how they're doing it.
4. How's your PE fund doing? One of the largest US endowments has put $14 billion in private-equity funds recents. We got a look at their returns, including how investments with Thoma Bravo and Clearlake have done. Check them out here.
5. There's only one country in the European Union that's still offering "golden passports." Americans are on the hunt for a place they can buy an additional citizenship. More on why, and where, they're doing it.
7. Go out on your own, they said. It'll be fun, they said. Plenty of investors set up their own funds when times were good. But as the market has turned, some are reconsidering. More on why it's time to adapt or die.
9. Tiger Woods just joined the three-comma club. The golfer has now made more than $1.4 billion since turning pro in 1996. So what do you do when your job is everyone else's hobby? Check out how he spends his money.
10. We've got air fryer recipes. This chef has 13 eay-to-make recipes for you. Get cooking here.
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