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Ron Vachris is Costco's third CEO in its 40-year history.He started out as a forklift driver for Price Club, which later became Costco.In 2024, Costco made $254 billion in revenue, and Vachris took home $12.2 million.The story of Ron Vachris is an aspirational one.After starting his career in the 1980s as a forklift driver, he…

Hermès employees will receive a 4,500 euro bonus in response to the company's 2024 financial performance.Bonuses have steadily increased at Hermès despite a luxury market slump.Hermès earned over $15 billion in revenue last year.Hermès employees are cashing in on the company's success.On Friday, Hermès presented its 2024 financial report that showed better-than-expected sales. (Business Insider…

Darrell Spencer founded Crowned Skin, a skincare brand for men.He invested profits into real estate, but still rents the condo that he lives in.He says his high school friends don't expect him to pay for things.This as-told-to essay is based on a conversation with Darrell Spencer, founder of Crowned Skin. It has been edited for…

Business Insider Editor-in-Chief Jamie Heller and Axel Springer CEO Mathias Döpfner discuss the intersections of trade, democracy, and the rise of artificial intelligence.Their conversation highlights challenges and opportunities for democratic nations in forming strategic trade alliances, the risks of economic dependence on authoritarian regimes, and the vulnerability of intellectual property in the AI era.Döpfner is…

Jeff Bezos sorts decisions into two categories — those you can walk back, and those you can't.The concept of "one-way door" and "two-way door" decisions is meant to help big companies move quickly.AWS CEO Matt Garman recently talked on a podcast about the decision-making framework.Have you ever wondered how Amazon calculates risky decisions? Founder Jeff…

Jack Ma, the cofounder of Alibaba Group, discussed AI's future in a rare public appearance.The speech marks his first public appearance since March 2023.Ma has largely disappeared from the public eye and has rarely been seen in the last four years.Jack Ma, the cofounder of Alibaba Group, made a rare public appearance on Sunday to…

Salesforce has expanded its AI tools with Agentforce, a platform to help users automate tasks.Agentforce uses generative-AI models that build on Salesforce's existing products.This article is part of "CXO AI Playbook" — straight talk from business leaders on how they're testing and using AI. Thanks for signing up! Access your favorite topics in a personalized…

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Many companies don't have cyber insurance because of costs, but the market is growing.Cyber insurance can help companies recover financially from cyberattacks and data breaches.This story is part of "Security Playbook," a series detailing cybersecurity advice and strategies. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go.…

Companies can face data-security challenges with cloud storage and access management.Data-security posture management can help identify risks and protect data.This story is part of "Security Playbook," a series detailing cybersecurity advice and strategies. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app By clicking…