Thanks to investors' insatiable appetite for artificial intelligence, Nvidia (NVDA) — a key player in powering AI advancements — has become a market darling. The stock has skyrocketed, showing a 70% increase year to date and a staggering 1,749% return over the past five years. The surge in Nvidia’s share price has significantly increased the wealth of its founder and CEO, Jensen Huang. According to Forbes, Huang now ranks as the 20th richest person in the world, with a net worth of $72.2 billion. However, he didn’t begin his career in the billionaire club — far from it. During a…

Exceptional talent will do exceptional work when their personal values align with their workplace values. Business leaders across the globe worry about attracting and retaining top talent, especially as remote and hybrid workforces are becoming the norm. In their responses to surveys they often list it as a main inhibitor of profitable growth into the future! Despite this, most business leaders and managers prioritise other tasks over recruitment and talent selection rather than seeing it as a vital part of their jobs. In addition, many business leaders and managers do not have the skills required to ensure that the right…

The Board of Directors of First Bank has appointed Segun Alebiosu, the Executive Director and Chief Risk Officer, as the acting Managing Director and Chief Executive Officer following the sudden resignation of Adesola Adeduntan. Alebiosu, with over 28 years of experience in the banking and financial services industry, will serve in this interim role until clearance from the Central Bank of Nigeria (CBN) is obtained. The decision came after a board meeting convened to address the rapid developments following the cancellation of an extraordinary general meeting and Adeduntan's unexpected resignation. Adeduntan, who communicated his resignation from Washington, is expected to…

To start a company and keep it growing, leaders must get and keep customers. As I will share with students this fall in my Babson College course, Scaling Strategy: Mastering the Four Stages from Idea to $10 Billion, achieving that simple-sounding goal is challenging. This comes to mind in considering the journey of Saviynt, a privately held El Segundo, Calif.-based provider of identity and access management products. Founded in 2010, the 545-employee company generated $72 million in revenue, according to Zippia. Savyint defied the current venture capital winter – raising $205 million in growth financing in January 2023, VentureBeat reported.…