Euronet to acquire CoreCard for $30 per share in stock-for-stock merger
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Forbes
12 hours ago
- Forbes
Women Are Inheriting Trillions. This Is A Seismic Power Shift
Alice Walton just built a novel medical school that, in addition to the traditional medical school curriculum, promises a 'whole-person approach' that is 'rooted in art & wellness.' Mackenzie Scott (formerly Bezos) quietly invested her billions in education, arts, organizations that support and serve women, public health, immigration, diversity and affordable housing, as the Chronicle of Philanthropy and Levers for Change have reported. Joan Kroc donated $200 million to NPR (in 2003). Melinda French Gates is investing her billions in helping women and social impact, 'to accelerate the pace of social progress using high-impact investments, philanthropy, partnerships, and advocacy to get more power in the hands of more people — especially women — in the U.S. and around the world,' according to her Pivotal Ventures website, She announced that 'Decades of research on economics, wellbeing, and governance make it clear that investing in women and girls benefits everyone." The rise of women's sports reflects this premise too. Women's sports is now 'a burgeoning investment category from both seasoned sports investors to newcomers,' Sports Litigation Report declared recently. Female athletes, teams and their fans have a 'values-first mindset, and prioritize brands that demonstrate integrity and social responsibility,' as my fellow Forbes contributor Claire Poole reported. 'An estimated $124tn is expected to change hands (globally) under the so-called 'great wealth transfer', with women set to inherit nearly 70% of that amount. Combined with rising educational attainment, stronger diversity and inclusion efforts, and ongoing progress in closing the gender pay gap, this moment signals a transformative rise in global female affluence.' Those are the words of Silvia Bastante de Unverhau – global philanthropy expert and Senior Advisor at LGT in Private Banker International. Citing the Bank of America Institute's report on women and wealth, CNBC said, 'About $47 trillion is expected to be passed down to women in younger generations as inherited wealth,' as a result, 'women will soon control more money than ever before.' McKinsey reports US women will have a $30 trillion opportunity by 2030. No matter what the final amount is, this is a seismic shift in the economy. If wealth is power, which it seems to be in this economy, women are about to have a lot more financial, geopolitical, economic and cultural power. Experts say this massive shift in wealth is mostly due to demographics, because baby boomers (born 1946 to 1964) and 'the silent generation' (born 1928 to 1945) will pass on their wealth. Since women tend to live longer than men, surviving wives will inherit the majority. That's 'a potential wealth transfer of such magnitude that it approaches the annual GDP of the United States. After years of playing second fiddle to men, women are poised to take center stage,' according to McKinsey.[1] It's also because women are taking center stage in the executive suites, earning more, starting and selling more companies, and investing more. McKinsey's 2024 Women in the Workplace analysis (of over 1,000 companies and 480,000 people) found that 29% of the C-suite is now women, 29% of senior management is now women, and 34% of Vice Presidents are now women, up from up from 17%, 23% and 27% in 2015, respectively. If the current economy is ruled by the Golden Rule – ye who has the most gold rules – and that's been why the ultra-rich bro boys have wielded so much power, then we are in for an economic earthquake when the wealth tables turn. It's already happening, subtly – see French Gates, Walton, Kroc and Scott's examples. Women are more educated than ever before, more accomplished than ever before, have wider networks than ever before, are more independent thinkers and more assertive leaders than ever before, are more influential than ever before, have more resources – financial and nonfinancial – than ever before, and wield more power than ever before. More women are also supporting other women more, either via who they choose to do business with, or by donating to their nonprofits or to nonprofits that serve women's needs. There are more self-made women billionaires than ever too, as Forbes reported. As French Gates said, 'Investing in women and girls benefits everyone.' 'Combined with rising educational attainment, stronger diversity and inclusion efforts, and ongoing progress in closing the gender pay gap, this moment signals a transformative rise in global female affluence,' as Unverhau put it.
Vogue
14 hours ago
- Vogue
The Key to Copenhagen's Thriving Pastry Scene? The Historic Bakers' Guild
After the strike concluded, Danish bakers merged these newly introduced Viennoiserie techniques with local ingredients, flavors, and fillings, taking the first steps towards creating the world-famous pastries of today. (In homage to the influence of their Austrian culinary counterparts, the wienerbrød, or aptly named 'Vienna bread,' remains a popular staple across Danish bakeries.) And the guild's legacy and influence is still evident today, acting as a coordinating body marking Danish royal celebrations and as a framework for this new wave of illustrious bakeries. While the Copenhagen Bakers' Guild has historically wielded immense power, culinary innovation now works hand-in-hand with these revered traditions. And few Copenhagen bakeries are as design-forward, yet accessible, as Hart Bageri. With his background working at the legendary San Francisco bakery Tartine—and with backing from Noma, the Copenhagen institution that has frequently named the world's top restaurant—Richard Hart opened his namesake bakery in 2018, with a philosophy of honoring the rules of baking while simultaneously reinventing them. Accompanying Richard at the helm was, and still is, Talia Richard-Carvajal—Hart's creative director and COO. The entrance to Hart Bageri. Photo: Carinne Geil Botta Pastries at Hart Bageri. Photo: Christina Hedegaard As I spoke to Talia, one thing became abundantly clear: to her, inspiration is everywhere. It's found in the Noma greenhouses used for R&D as they were preparing for the bakery's opening. It's found in Hay, the prominent Danish furniture company that influenced the aesthetic and design of Hart's shops and unique branding. And it continues to be enjoyed in their cardamom croissants and strawberry tarts, two popular pastries that feature a signature Hart twist. 'We very much feel like a modern Copenhagen brand,' Talia explains. 'But Denmark is somewhere that has such a strong baking tradition.' Respecting it and celebrating it is a non-negotiable. It's evident in Hart's classic pastries, staples of a traditional Danish pastry shop, the holiday-inspired seasonal creations, and even in the reverent way Talia talks about baking. She emphasizes, 'Through playing around with the mechanics, we're striving to create elevated versions without changing what is fundamentally right.' The guild's legacy of culinary evolution extends beyond the pastry shop walls, further influencing Copenhagen's broader food culture. Claus Meyer, co-founder of Noma and creator of New Nordic Cuisine, a groundbreaking, global culinary movement, opened Meyers Bageri in 2010 with a mission to highlight the best sourcing and ingredients found locally in the Nordic region. 'We've teamed up with an organic farm just across the bridge,' says Jonas Astrup, head of development and innovation at Meyers. 'Meyers works solely with organic flours and produce, and with that comes the awareness of how we produce and the potential of the raw ingredients in our region.' Dough being prepared at Meyers Bageri. Photo: Chris Tonnesen A pull-apart bread from Meyers Bageri. Photo: Chris Tonnesen But innovation and success in the kitchen thrive best when a loyal community is present. 'We were handing away the recipes for free, trying to spark enthusiasm, a movement,' he explained. 'To us, there's equal enjoyment if people have success making their own breads at home. Here's some free sourdough; you can buy a bit of flour from us.'
Business Wire
18 hours ago
- Business Wire
Shareholder Alert: The Ademi Firm investigates whether CoreCard Corporation is obtaining a Fair Price for its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating CoreCard (NYSE: CCRD) for possible breaches of fiduciary duty and other violations of law in its transaction with Euronet. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of CoreCard will receive between 0.2783 and 0.3142 Euronet shares, with the exact ratio calculated as $30 divided by Euronet's volume weighted average share price over a 15-trading day period prior to closing. The exchange is subject to a floor of $95.48 per Euronet share and a ceiling of $107.80 per share. CoreCard insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for CoreCard by imposing a significant penalty if CoreCard accepts a competing bid. We are investigating the conduct of the CoreCard board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
