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LVMH’s CEO Bernard Arnault Does Not Deny DFS Sale
World’s 5th richest man Bernard Arnault coins new phrase for being fired: ‘Promoted outwards’
Arnault announced that world-famous jewelers Tiffany & Co will be laying off or “promoting outwards” underperforming workers.
LVMH CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’
Following Meta’s layoffs earlier this month, Arnault, the head of the luxury goods conglomerate that controls brands like Louis Vuitton, Fendi, and Sephora, likened Meta CEO Mark Zuckerberg’s move to let go of low-performing workers to layoffs at Tiffany’s.
LVMH’s CEO Bernard Arnault Does Not Deny DFS Sale As Stock Slides
French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.
12d
Oxfam says world ruled by “aristocratic oligarchy,” as billionaire wealth surges by $2 trillion
The charity reported that the wealth of the world's billionaires grew from $13 trillion to $15 trillion in 2024, a rate that ...
10d
on MSN
These are the five people who could become trillionaires in the next few years
A latest inequality report revealed a major prediction that within the coming decade approximately five renowned ...
1d
on MSN
Bernard Arnault says LVMH is not relocating following backlash over his criticism of French tax hikes
Arnault, the billionaire CEO of the luxury conglomerate, had criticized proposed French tax hikes earlier this week.
12d
on MSN
The Trillionaire Era: Five Billionaires Poised to Break the $1 Trillion Mark in the Next Decade
Oxfam’s latest inequality report, unveiled on the eve of the World Economic Forum in Davos, projects that five billionaires, ...
Newsweek on MSN
12d
How 2024 Saw Boom For Billionaires
The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few ...
businessday
7d
Five trillionaires expected within a decade, says Oxfam
The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest ...
Hosted on MSN
11d
World to have 5 trillionaires in next decade: forecast
The world will soon have five trillionaires as the wealth growth rate of its richest people rises faster than earlier ...
3d
on MSN
Bernard Arnault, world's richest non-American, drops absurd new term for tech layoffs
Bernard Arnault, in an LVMH earnings call, used a bizarre new term for tech layoffs when referencing a conversation with Meta ...
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