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  • King Digital Entertainment IPO Disappoints - 27 March 2014
  • With a reported net worth of $76 billion, founder of Microsoft Bill Gates is back at the top of the annual Forbes Billionaires list, having held that position for fifteen of the past twenty years. Second on the list, CEO of Oracle Larry Ellison has a reported net worth of $48 billion, followed by Google CEO Larry Page at $32.3 billion. Fourth in line is Amazon founder Jeff Bezos with $32 billion, followed closely by Google's Sergey Brin with $31.8 billion and Facebook CEO Mark Suckerberg with $28.5 billion – an noteable comeback after Facebook's disastrous 2012 IPO. Interestingly, at number eight with a net worth of $17.5 billion is Michael Dell, who removed his company from the stock market in October 2013.

  • Wall Street Bonuses Cause a Stir - 13 March 2014
  • Figures released Wednesday by New York State Comptroller, Thomas DiNapoli, revealed that bankers on Wall Street enjoyed an average increase of 15 percent on their annual bonuses for 2013. While this works out to an average bonus of $164,530 it should be noted that the bonus pool of $26.7 billion in 2013 includes all staff members, from the most junior to the most senior, and was reportedly padded out by compensation that had been deferred from previous years. Nonetheless, news of Wall Street banker bonuses climbing 15 percent while, for example, profits from NYSE broker-dealer operations fell 30 percent in 2013, lends credence to the call for regulators to tighten up on banks.


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