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Tag: succession

Next stop Mars: 3 spacecraft arriving in quick succession

Technology
CAPE CANAVERAL, Fla. -- After hurtling hundreds of millions of miles through space since last summer, three robotic explorers are ready to hit the brakes at Mars.The stakes — and anxiety — are sky high.The United Arab Emirates’ orbiter reaches Mars on Tuesday, followed less than 24 hours later by China’s orbiter-rover combo. NASA’s rover, the cosmic caboose, will arrive on the scene a week later, on Feb. 18, to collect rocks for return to Earth — a key step in determining whether life ever existed at Mars.Both the UAE and China are newcomers at Mars, where more than half of Earth’s emissaries have failed. China’s first Mars mission, a joint effort with Russia in 2011, never made it past Earth’s orbit.“We are quite excited as engineers and scientists, at the same time quite stressed and hap...
Emmy Awards 2020: Schitt’s Creek and Succession win big

Emmy Awards 2020: Schitt’s Creek and Succession win big

Entertainment
Schitt's Creek, Succession and Watchmen were the big winners at this year's Emmy Awards, which were held virtually amid the coronavirus pandemic.Schitt's Creek won nine prizes - breaking the Emmys record for most wins in a single season for a comedy.It was a glowing send-off for the Canadian series, which broadcast its sixth and final season this year.Succession took home the night's top prize, best drama series, as well as best actor for Jeremy Strong.The HBO series also won prizes in the drama categories for best writing and best directing during the virtual ceremony."This is such a very nice moment," said the show's British creator Jesse Armstrong from London. "But it's sad not to be with the cast and crew to share it."Armstro...
Financial advisors need a succession plan to benefit clients and their own firm

Financial advisors need a succession plan to benefit clients and their own firm

Finance
kupicoo | E+ | Getty ImagesThe aging army of independent registered investment advisors who have spearheaded the growth of the financial planning profession need to follow their own advice when it comes to their businesses — for their clients' sake, as well as their own.With the average age of financial advisors somewhere in their mid-50s and a big bulge of advisors now in their 60s and 70s, the fate of thousands of practices and millions of clients in the next decade remains in doubt. Studies show that most small advisors — particularly solo practitioners — have no successor to fill their shoes, nor very good prospects for selling their business to someone else.The reality is, they probably never will."The No. 1 way that independent advisors exit the industry is through attrition," said ...
Most financial advisors lack a succession plan, a crucial aspect of running a firm

Most financial advisors lack a succession plan, a crucial aspect of running a firm

Finance
By 2016, certified financial planner Kirk Francis had helped numerous small business owners implement strategies for exiting work. Yet he didn't have a succession plan for his own firm. "I sat there going, 'Hmmm … the cobbler's son has no shoes,'" said Francis, CEO and chief compliance officer at Financial Life Advisors in San Antonio.Soon after, by buying another practice and taking on a partner, Francis made a plan that ensures his business will continue and his clients will be taken care of when he is no longer there to do so, whether it's due to some unfortunate event or he's simply retired as planned.Ariel Skelley | DigitalVision | Getty ImagesHowever, Francis is in the minority among his peers, according to various studies. While advisors are more likely to explore their options as t...
Ujjivan begins succession plan, Samit Ghosh to retire in Nov 2019

Ujjivan begins succession plan, Samit Ghosh to retire in Nov 2019

Finance
KOLKATA: Ujjivan Small Finance Bank has begun its succession planning because its founder-cum-chief executive Samit Ghosh is scheduled to retire in November next year. The bank has shortlisted half a dozen candidates for the CEO’s position and is planning to submit a list of three candidates to the Reserve Bank of India by December for its approval. Succession planning, or the absence of it, has been a weak spot in Indian banking, and there are no dearth of examples with the government-owned banks leading the pack. The delicate issue of succession has been highlighted in case of Axis Bank, ICICI Bank and Yes Bank as their chiefs have exited, or are on their way out. “We would like to appoint the new CEO in such a way that there should not be more than six months of overlap,&rdq...