Novartis to Buy Regulus Therapeutics for as Much as $1.7 Billion
The Swiss company will pay $7 a share in cash upfront through a subsidiary, equivalent to $800 million, according to a statement Wednesday.
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Kevin O'Leary Says New Executives Get No Stock Options, No Benefits, And No Full-Time Title Until They Prove Themselves, Just Like The Swiss
Kevin O'Leary says he has completely changed the way he hires executives, and is apparently taking inspiration from Swiss business culture. The investor and television personality explained in a recent post on X, 'No stock options, no benefits, no full-time title... until they prove it. I learned this from the Swiss, and it's revolutionized our operations.' A Six-Month Trial Instead Of A Full-Time Commitment O'Leary described the approach in a video, using the example of hiring a new CEO for a growing venture. Once he narrowed the field to two candidates, he asked one: 'Would you consider becoming a contractor for six months as opposed to a fully empowered employee, and we'll pay you 30% more than your base contract's going to be? No stock options, no benefits for the six-month period. But wouldn't you like to test us first?' Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — Bill Gates Warned About Water Scarcity. The idea, he said, is to give both sides the chance to 'road test' each other, making sure the candidate integrates well with the existing team and the parent company. 'Don't you want that experience?' he recalled asking. In this case, the candidate agreed. O'Leary calls it an "apprentice" model, common in Switzerland and across Europe, where the focus is on confirming a cultural fit before offering a permanent position. 'We don't do [this] in America,' he said. 'And we should do it.' He noted that about two-thirds of candidates complete the trial and move on to full-time roles with stock options and benefits. The remaining third leave on good terms, having gained valuable experience but deciding the position isn't right for them. 'We're not firing anybody,' he said. 'Those Swiss guys got it right.' Trending: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Business Is Binary, Says O'Leary For O'Leary, this hiring method is just one example of his direct approach to business. "Business is binary. There are winners and losers. You either make money or you don't," he posted on X last year. He believes success requires relentless effort, especially for young entrepreneurs. "If you want to succeed in business you have to work 25 hours a day because there's someone across the world who will kick your a*s if you don't." He advises those in their 20s to forget about work-life balance while building a business, stressing that the competition is global and tireless. "You're competing with people in Mumbai or Shanghai who are willing to work 24 hours a day, eight days a week," he said last year.O'Leary adds that the early years are the best time to make sacrifices, because "In your 20s, you can afford the time, the focus and all the stress that comes with building something from the ground up. You should start thinking about taking some time off only after establishing that foundation." For O'Leary, sacrifice, preparation, and persistence are non-negotiable. Whether it's a new hire or a new venture, the standard remains the same: prove yourself. Read Next: 2,000 High Earners Manage $6B With This AI Platform — UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Kevin O'Leary Says New Executives Get No Stock Options, No Benefits, And No Full-Time Title Until They Prove Themselves, Just Like The Swiss originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Epoch Times
a day ago
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WEF Investigation Finds ‘Minor Irregularities,' No Material Wrongdoing by Schwab
The World Economic Forum has cleared its founder, Klaus Schwab, of material wrongdoing following an internal investigation into allegations of financial and workplace misconduct. In an announcement published on Aug. 15, the Davos, Switzerland-based organization said the probe, conducted by Swiss law firm Homburger, identified 'minor irregularities' in expenses but concluded there was 'no evidence of material wrongdoing' by Schwab or his wife, Hilde Schwab.
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a day ago
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Toyo introduces new ink system for flexographic printing
Toyo Ink Europe has launched a new low migration ink, called Steraflex GIO, to enhance its flexographic print performance. This new low migration ink is engineered to deliver print and press performance on various label substrates, sleeves, and applications where minimal migration is crucial. Steraflex GIO meets the stringent standards set by the European Printing Ink Association, Swiss Ordinance, the ECHA SVHC list, and other European regulations, including the German Ink Ordinance (GIO). It is said to be free from intentionally added photo initiator 379, thus meeting present and future stipulations of the GIO. This adherence instils confidence in printers and brand proprietors, especially when crafting packaging for delicate uses in the food and pharmaceutical industries, stated the company. The next-generation binder system in Steraflex GIO ensures enhanced adhesion on a wide array of substrates, including standard films and challenging label materials. It exhibits a significant improvement in bond strength, particularly on low-surface tension substrates such as biaxially oriented polypropylene, offering converters and brands more versatility without sacrificing the quality or safety of the print. Toyo Ink Europe sales and corporate strategy general manager Ismail Yilmaz said: "With increasing regulatory scrutiny on food packaging inks, compliance and transparency are more important than ever.' Additionally, the Toyo Ink Europe team has completed intensive training at Omet Demo Center to improve its flexographic expertise. The company said in a statement: 'This hands-on programme deepened our understanding of flexographic printing and brought together colleagues from different departments and regions to strengthen both our know-how and cooperation.' The session further bolstered the company's ongoing partnership with Italian distributor T&K. "Toyo introduces new ink system for flexographic printing " was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
