Aramco Starts IPO With Prince’s Economic Vision at Stake

Saudi Arabia is pulling out all the stops to ensure the success of Aramco’s initial public offering after Crown Prince Mohammed bin Salman finally decided to offer shares in the world’s largest oil producer. The kingdom cut taxes on the company for a third time,...

In Carlos Tavares, Fiat Family Finds Heir to Marchionne Legacy

As the scion of the Agnelli family’s industrial dynasty, John Elkann honed his management skills under Sergio Marchionne, who brought Fiat back from the brink before turning it into a global force with the purchase of Chrysler. When Marchionne died suddenly last year,...

Xerox in $33 billion bid for HP

U.S. printer maker Xerox Holdings Corp has made a roughly $33 billion cash-and-stock offer for personal computer maker HP Inc, a company more than three times its size, people familiar with the matter said on Wednesday. HP confirmed the bid, but declined to disclose...

Private equity firms step up plans to recruit ESG specialists

In addition to recruiting more ESG-dedicated staff, buyout groups are also drafting plans to increase diversity Private equity firms are planning a hiring spree to increase the number of dedicated responsible investment professionals they employ, as pressure to...