Finance editor Meredith Mazzilli here, taking the final turn as guest host while executive editor Matt Turner wraps up parental leave.
I’ll get the shameless promotion for my own newsletter out of the way first — you can sign up here for Wall Street Insider to get a behind-the-scenes look at the finance team’s biggest scoops and deep dives.
The world’s most powerful leaders and execs (not to mention a sizable Business Insider contingent) flocked to Davos this week. Here are some interesting nuggets from the sidelines of this annual meeting of the minds:
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- A generation of private-equity leaders is getting ready to hand over the reins to successors. Dakin Campbell spoke with Blackstone CEO Stephen Schwarzman, who explained why he kept his next in line a secret for more than a year.
- Joe Ciolli chatted with Amy Webb, a quantitative futurist and professor of strategic foresight at NYU, who predicted that tech giants like Amazon and Apple will “completely dismantle the healthcare industry as we know it.”
- Attention job-seekers: Andy Baldwin, the global managing partner of client services at EY, told Cadie Thompson that the firm wants to hire for more tech roles in the years ahead, and explained why it’s changing what it looks for in candidates.
- Buzzwords are often maddening corporate-speak to soften the blow of big, unpopular decisions. And that’s exactly why they’re worth unpacking. As Joe reports, the word “upskilling” kept popping up during most of Business Insider’s conversations with execs, investors, and strategists. Here’s why.
- Spiked seltzer was everywhere in 2019. John Blood, the chief legal and corporate-affairs officer and corporate secretary for AB InBev, told Cadie how the company is thinking about the fizzy booze market now, and why it doesn’t spend much time worrying about White Claw.
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Digging into buzzy healthcare startup One Medical
Courtesy One Medical
Speaking of the rich and powerful — I’m a big fan of stories that sift through hundreds of pages of jargon and boilerplate in S-1 filings to uncover the juiciest stuff companies share before going public.
One of the fun things we get to learn is who’s about to get richer.
Primary-care startup One Medical recently filed paperwork to go public, and Lydia Ramsey broke out the investors and execs with the biggest stakes, plus how much they stand to gain. Topping the list is The Carlyle Group, which led a $220 million private financing round for One Medical in 2018. The firm owns a nearly 27% stake that would be worth $450.5 million at the top of the IPO range.
Still, there’s plenty of red ink: One Medical’s net losses have been deepening for the membership-based platform even as users climbed (sound familiar?)
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Healthcare, Retail, Transportation
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