McKinsey Seeks to Avoid New Succession Dramas With Changes to Its Elections
The elite consulting firm, as part of sweeping changes to its governance, will now elect a global managing partner to a single six-year term, though its partners will hold a confirmation vote at the four-year mark on whether the leader should serve the final two years of that term. McKinsey's roughly 750 senior partners currently vote to elect a firmwide leader every three years and can stand for two terms.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
If You Invested $10K In Taiwan Semiconductor Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) manufactures, packages, tests, and sells integrated circuits and other semiconductor devices globally. It is set to report its Q3 2025 earnings on Oct. 16. Wall Street analysts expect the company to post EPS of $2.53, up from $1.94 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $32.38 billion, up from $23.50 billion a year earlier.. Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. If You Bought Taiwan Semiconductor Stock 10 Years Ago The company's stock traded at approximately $22.11 per share 10 years ago. If you had invested $10,000, you could have bought roughly 452 shares. Currently, shares trade at $242.03, meaning your investment's value could have grown to $109,466 from stock price appreciation alone. However, Taiwan Semiconductor also paid dividends during these 10 years. Taiwan Semiconductor's dividend yield is currently 1.35%. Over the last 10 years, it has paid about $17.99 in dividends per share, which means you could have made $8,137 from dividends alone. Summing up $109,466 and $8,137, we end up with the final value of your investment, which is $117,603. This is how much you could have made if you had invested $10,000 in Taiwan Semiconductor stock 10 years ago. This means a total return of 1,076%. In comparison, the S&P 500 total return for the same period is 262.20%. Trending: $100k+ in investable assets? – no cost, no obligation. What Could The Next 10 Years Bring? Taiwan Semiconductor has a consensus rating of "Buy" and a price target of $212.8 based on the ratings of six analysts. The price target implies more than 12% potential downside from the current stock price. The company on July 17 announced its Q2 2025 earnings, posting EPS of $2.47, compared to the consensus estimate of $2.37, and revenues of $30.07 billion, compared to the consensus of $30.04 billion, as reported by Benzinga. "Our business in the second quarter was supported by continued robust AI and HPC-related demand," said CFO Wendell Huang. "Moving into third quarter 2025, we expect our business to be supported by strong demand for our leading-edge process technologies."For Q3 2025, the company sees revenues in the range of $31.8 billion to $33 billion. Check out this article by Benzinga for six analysts' insights on Taiwan Semiconductor. Given the expected downside potential, growth-focused investors may not find Taiwan Semiconductor stock attractive. Additionally, its modest 1.35% dividend yield is unlikely to satisfy income-focused investors. Read Next: If there was a new fund backed by Jeff Bezos offering a ? Image: Shutterstock This article If You Invested $10K In Taiwan Semiconductor Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
an hour ago
- Yahoo
Mamdani polls higher than all NYC mayoral candidates combined in new poll
New York, New York - A new poll conducted by Zenith Research and Public Progress Solutions found Zohran Mamdani, the Democratic nominee for mayor of New York City, with a significant lead in the current field of five candidates, attaining 50% of the vote regardless of his opponent. NYC latest mayoral poll Big picture view The poll was conducted from July 16 to July 24 and surveyed 1,453 New York City residents; it has a 2.9% margin of error for registered voters and a 3.9% margin of error for likely 2025 mayoral election voters. By the numbers The combined level of support for former Gov. Andrew Cuomo, Mayor Eric Adams, conservative activist and talk show host Curtis Sliwa, and former federal prosecutor Jim Walden and undecided likely voters totaled 49%. Cuomo came in second place, receiving 22% support, while Sliwa received 13% support. Adams garnered 7% support, and Walden received 1%. Voters under the "others/I don't know" designation totaled 6% support. Mamdani's support never dips below 50% in the poll and only increases in a thinner field of candidates. For example, in a hypothetical four-way race without Cuomo, Mamdani's support rose to 55%. In a four-way race without Adams, Mamdani's support rose to 51%. Mamdani is the only candidate of the five that the majority of respondents (58%) say they would consider voting for in November's election. In comparison, 37% said they would consider voting for Cuomo, 27% said they would consider voting for Adams, 26% would consider Sliwa, and 10% would consider Walden. When respondents were asked who they would not consider voting for, 32% said Mamdani, 60% said Cuomo, 68% said Adams, 59% said Sliwa, and 40% said Walden. In fact, half of the respondents said they didn't know enough about Walden to properly answer the question. Roughly 70% of respondents said they were "dissatisfied" with the direction of the city. What they're saying Poll respondents came from Queens, Bronx, Kings, New York, and Richmond counties. It represents the largest sample size of any publicly released figures pertaining to the general election thus far. The most important issues to them are housing costs, the price of groceries and household items as well as utilities, and crime and public safety. Amit Singh Bagga, founder and principal of Public Progress Solutions, said in a statement provided to Newsweekthat the poll is also the first of the election cycle to be offered in four languages and capture religious denominations and national origin. She said that the poll "makes one thing clear: Black union households, young Jews, South Asians, East Asians, Latinos, and New Yorkers in every income bracket are all on the same Zohran Mamdani bus." "And it's headed in the direction of the Democratic Party's future," Bagga added. "Forget the DNC's post-mortem; these results are the blueprint for evolution to stave off extinction. The question is, are we listening?" Dig deeper Here's what candidates had to say about their platforms on Good Day New York and Politics Unusual: Zohran Mamdani Mayor Eric Adams Andrew Cuomo Curtis Sliwa The Source Information from this article was provided by Zenith Research and Public Progress Solutions. Solve the daily Crossword
Yahoo
an hour ago
- Yahoo
Prediction: This Unstoppable Stock Will Join Nvidia, Microsoft, and Apple in the $3 Trillion Club Before 2029
Key Points Artificial intelligence (AI) is helping Meta Platforms unlock greater efficiency. The company's digital advertising business is benefiting from these next-generation algorithms. Meta has other potential growth drivers that could fuel the next phase of its growth. 10 stocks we like better than Meta Platforms › There's been an undeniable shift over the past 20 years. During that time, technology companies have climbed the ranks of the world's most valuable companies, which was once the exclusive domain of industrial and energy concerns. For example, in 2005, ExxonMobil and General Electric were top of the class when measured by market cap, valued at $375 billion and $362 billion, respectively. Two decades later, it's the world's technology bellwethers that lead the pack. Topping the charts are three of tech's most recognizable names, which need little introduction. Artificial intelligence (AI) chipmaker Nvidia currently leads the pack at $4.3 trillion (as of this writing), with its stock recently hitting new all-time highs. Software giant Microsoft also notched a new record this week, cracking the $4 trillion mark. Rounding out the top three is iPhone maker Apple, with a market value of $3.1 trillion. With a market cap of $1.9 trillion, it might seem premature to suggest that Meta Platforms (NASDAQ: META) has been earmarked for admission in the $3 trillion club. However, the company's recent performance has been exemplary, and the stock has soared 33% so far this year (as of this writing), following 65% gains in 2024. Its winning streak appears poised to continue. The ever-increasing reach of its social media platform, ongoing leverage of digital advertising, and novel strategy for leveraging AI could combine to help Meta earn its membership in this exclusive fraternity. A digital advertising powerhouse The dawn of generative AI in late 2022 marked a pivotal point in the evolution of technology, and companies that were able to capitalize on that opportunity have reaped the rewards. Meta had already established expertise in the use of algorithms to advance its business, and generative AI took that to the next level. The company not only uses AI to surface more relevant content on its social media platforms but also provides a suite of AI-powered tools to assist merchants who use its digital advertising services. The results have been profound. In the second quarter, Meta's revenue of $47.5 billion jumped 22% year over year, driving diluted earnings per share (EPS) of $7.14 up 38%. CEO Mark Zuckerberg revealed that AI is "unlocking greater efficiency and gains across our ads system ... [driving] roughly 5% more ad conversions on Instagram and 3% on Facebook." He went on to say that "AI is significantly improving our ability to show people content that they're going to find interesting and useful." Meta's consistent user growth continues to fuel its success, as those who used one of Meta's family of social media platforms -- Facebook, Instagram, WhatsApp, or Threads -- increased 6% year over year to 3.48 billion, so its reach is unrivaled. This captive audience forms the basis of the company's digital advertising success, making it part of a triumvirate in the space. Alphabet's Google controlled an estimated 26% of the U.S. digital advertising market in 2024, while Meta gained ground with 21%, and Amazon took 14%, according to data compiled by business intelligence platform eMarketer. Meta's digital marketing is inseparable from its social media platforms, fueling its inexorable rise. The AI wildcard As the world's largest cloud infrastructure operators, Amazon Web Services (AWS), Microsoft Azure, and Google Cloud have a target market for their AI services, a luxury Meta doesn't have. To capitalize on the opportunity, the company tapped its treasure trove of data and trained a suite of homegrown, open-source, industry-favorite large language models (LLMs). The group, dubbed LLaMA (large language model Meta AI), is available via all the major cloud platforms and powers the Meta AI chatbot. Meta isn't stopping there. The company has recently been on a hiring spree, reportedly spending billions of dollars to assemble the top talent in the field of AI to develop the first "personal superintelligence." Meta has expanded beyond its social media roots into virtual reality (VR) and the metaverse, with AI being the company's latest area of interest. While Meta hasn't yet been able to significantly monetize these ambitions, Zuckerberg believes they hold the key to its future growth prospects and will eventually help boost profits. The path to $3 trillion Meta has a market cap of roughly $1.96 trillion (as of this writing), so it will take a stock price increase of roughly 53% to increase its value to $3 trillion. According to Wall Street, Meta is expected to generate revenue of $195 billion in 2025, giving the stock a forward price-to-sales (P/S) ratio of 10. Assuming its P/S remains constant, Meta would need revenue of roughly $299 billion annually to support a $3 trillion market cap. Wall Street is currently forecasting growth for Meta of more than 12% annually over the coming five years. If the company attains that target, it could achieve a $3 trillion market cap as soon as 2029. For context, Meta has grown its annual revenue by 840% over the past decade and by 22% in the most recent quarter, and frequently surpassed Wall Street's growth expectations -- so those estimates are likely conservative. Furthermore, at 30 times earnings, Meta's valuation is in line with that of the S&P 500 -- yet has generated stock price gains of 719% over the past 10 years, far exceeding the S&P 500, which rose just 203%. That makes a compelling case that Meta Platforms is an unqualified buy. Do the experts think Meta Platforms is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Meta Platforms make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,019% vs. just 178% for the S&P — that is beating the market by 841.12%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Danny Vena has positions in Alphabet, Amazon, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends GE Aerospace and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Prediction: This Unstoppable Stock Will Join Nvidia, Microsoft, and Apple in the $3 Trillion Club Before 2029 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data