Robinhood's CEO says he has a group of 150 top employees he'd rebuild the company with if something 'apocalyptic' happened
The club, initially compensation-focused, now focuses on community and sharing feedback.
"We have events in each city, and we get them together for dinners," Tenev said about the club.
In an episode of the "Cheeky Pint" podcast published on Wednesday, Robinhood's CEO Vlad Tenev said he has created a community of the best people across the company to ensure he is not just interacting with direct reports.
"When I induct people into this community, I usually give a spiel," he said. "If there was a disaster or some kind of apocalyptic scenario, and we had to rebuild Robinhood with 150 people, you would be in that group."
Tenev, who cofounded the company in 2013, said the founder community was initially compensation-focused and a way of awarding budgets to the best performers. But it has since become an "actual community" at the stock trading company.
"I go through the updated strategy or vision, we get those folks together, we get their feedback," he said. "We do events. We have events in each city, and we get them together for dinners."
Robinhood went public in 2021 and is now worth about $98.4 billion. It had 2,300 full-time employees as of December 2024.
Tenev said he didn't want the group to become 150 people "at the top of the org chart," and includes people who have the most impact at every level of the company.
The CEO added that the company "very much" concentrates promotions within top performers and rewards the "best people in the company" very well.
Tenev isn't the first to launch a secretive, invite-only company club.
In 2011, Fortune reported that Apple had an exclusive club for top performers called the Top 100. It was described as an invitation-only, off-site meeting held for the 100 most influential people at Apple, regardless of their official position or tenure. Employees participated in a three-day strategy session focused on top-secret projects and how upcoming products will be unveiled.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Why UnitedHealth Stock Is Skyrocketing Today (Hint: Warren Buffett)
Key Points Berkshire Hathaway's latest SEC filing revealed that the company has taken a $1.6 billion stake in UnitedHealth Group. Berkshire added a few others while reducing stakes in both Apple and Bank of America. UnitedHealth has faced several challenges this year, including the revelation of multiple DOJ investigations and the resignation of its CEO. 10 stocks we like better than UnitedHealth Group › Shares of UnitedHealth Group (NYSE: UNH) are jumping on Friday, up 13.8% as of 2:14 p.m. ET. The spike comes as the S&P 500 (SNPINDEX: ^GSPC) declined 0.1% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 0.3%. The troubled health insurance giant is finally seeing its stock rebound after months of trouble, thanks to the purchase of 5 million shares by Warren Buffett's Berkshire Hathaway. Berkshire buys UNH Berkshire Hathaway's latest regulatory filing revealed that the company took a considerable stake in UnitedHealth. The 5 million-share, $1.6 billion stake makes the massive health insurer the 18th-biggest position in Berkshire's portfolio. Buffett's company also trimmed its positions in Apple and Bank of America. The move took Wall Street by surprise, given the many issues UnitedHealth faces, and the revelation sent shares soaring immediately. UnitedHealth is struggling The company's most recent quarterly report revealed a darkening financial picture, including a significant miss on earnings per share, as costs from medical care continue to balloon. The company was also forced to suspend guidance as it tries to adapt to the shifting market. Its financial woes are far from the company's only issues, having recently suffered the sudden departure of its CEO for "personal reasons." The departure comes as the company faces two Department of Justice (DOJ) probes -- one criminal and one civil -- into its Medicare billing practices. Buyer beware It's hard to disagree with the Oracle of Omaha, but there are just too many issues facing UnitedHealth at the moment and with no clear picture of an imminent turnaround. I would stay away from the stock. Should you invest $1,000 in UnitedHealth Group right now? Before you buy stock in UnitedHealth Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and UnitedHealth Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. 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 August 13, 2025 Bank of America is an advertising partner of Motley Fool Money. Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway. The Motley Fool recommends UnitedHealth Group. The Motley Fool has a disclosure policy. Why UnitedHealth Stock Is Skyrocketing Today (Hint: Warren Buffett) was originally published by The Motley Fool
Digital Trends
14 minutes ago
- Digital Trends
Samsung's next Ultra tablet appears ready to outshine the iPad Pro
The current generation iPad Pro introduced a massive design makeover for Apple's slate, and in the process, the company also managed to make it the thinnest tablet out there. Samsung's next flagship tablet could match the waistline of the iPad Pro, quite literally, while adding a few extra goodies into the mix. What's on the table? As per leakster Ahmed Qwaider, who has a fairly solid track record with Samsung leaks, the upcoming Galaxy Tab S11 Ultra will only be 5.1 millimeters across. That's the same thickness as the 13-inch iPad Pro with the M4 silicon inside. There will be a few crucial differences though. Samsung's slate will reportedly feature a bigger 14.6-inch display. Notably, the boat-shaped notch housing two front cameras is gone, and it will be replaced by a smaller teardrop-shaped notch that is now home to a single selfie camera. Recommended Videos Just like the iPad Pro, Samsung will go with an OLED panel with a 120Hz refresh rate, 16GB of RAM, and 1TB of onboard storage. Other leaked specs of the giant Samsung tablet include an IP68-cleared build and two color options — silver and grey. How can Samsung shine? Samsung's upcoming tablet will reportedly offer 45W wired charging support, which is noticeably faster than the iPad Pro. Moreover, the Galaxy Tab S11 Ultra will supposedly feature two cameras at the back, unlike the single rear camera layout on its Apple rival. Another neat facility is the recessed magnetic slot on the tablet's metallic shell for keeping the stylus. It is also said to run the full suite of AI features that are available across Samsung's smartphones courtesy of One UI 8 with deep Google Gemini integration. As far as a launch date goes, Samsung has confirmed that the Tab S11 series will land in the second half of 2025.
Yahoo
18 minutes ago
- Yahoo
The Best Trillion-Dollar Stock to Invest $1,000 in Right Now
Key Points Earlier in 2025, Berkshire Hathaway became the first non-technology company to join the trillion-dollar club. Warren Buffett announced his intention to retire at the end of 2025, and the stock is down by 14% since. However, Berkshire's businesses are performing well and the stock might be cheaper than it looks. 10 stocks we like better than Berkshire Hathaway › Apple (NASDAQ: AAPL) started the trillion-dollar market cap club several years ago, but since that time, there have been several other companies to join. As of this writing, 10 U.S. companies have achieved a trillion-dollar valuation. All of the companies that have reached the trillion-dollar level are technology businesses -- except one. Earlier in 2025, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), the conglomerate led by Warren Buffett, became the first non-technology company to reach the elusive thirteen-digit valuation level. Berkshire reached an all-time high in late April, and then CEO and legendary investor Warren Buffett announced his intention to step aside at the end of the year. Since that time, Berkshire has dropped by 14%, giving up most of its gains for the year. Now, the massive conglomerate is valued at just over $1 trillion -- still a member of the trillion-dollar club, and it might be cheaper than you think. Berkshire Hathaway's recent performance There are three main components to Berkshire Hathaway, at least from an investor's perspective. Berkshire owns a collection of more than 60 operating businesses, including some household names like GEICO, Duracell, Fruit of the Loom, and Dairy Queen. It also owns a stock portfolio worth nearly $300 billion that includes several notable large positions in companies such as Apple and American Express (NYSE: AXP). And last but certainly not least, Berkshire has about $344 billion in cash and short-term investments on its balance sheet. In Berkshire's recent quarterly report, operating earnings declined by about 4% year-over-year, but this was due to unfavorable foreign exchange fluctuations (some of Berkshire's debt isn't in U.S. dollars). The only other negative was a year-over-year decline in underwriting income from the insurance business, which can be lumpy. Beyond that, everything looks strong. BNSF railroad's operating earnings grew 19% year-over-year. Berkshire Hathaway Energy, whose prices are heavily regulated, grew earnings by 7%, as did all of the company's manufacturing, service, and retail businesses. Plus, Berkshire's cash stockpile sits at $344 billion, and the company's massive stock portfolio gained significant value during the second quarter. A cheaply valued collection of businesses The cash and the stock portfolio are easy to value. There's $344 billion in cash on the balance sheet, and Berkshire's stock portfolio is worth about $292 billion as I'm writing this. Backing those out of Berkshire's market cap shows a valuation of about $364 billion for all 60+ operating businesses combined. With about $31.4 billion in operating earnings, excluding investment income, for the past four quarters, this implies that Berkshire's businesses are being valued at just 11.6 times trailing 12-month earnings. That's cheap. Is the 'Buffett Premium' gone for good? Clearly, at least some of the recent decline is due to Warren Buffett's pending departure. After all, Berkshire is down by 14% during a time period where tariff uncertainty declined and the S&P 500 rallied by 15%. And there's a fair case to be made that Berkshire should be higher than it was three months ago. After all, all of Berkshire's 10 largest stock positions have outperformed the conglomerate's stock in the months since Buffett's announcement. However, there's also an argument that not much is going to change once Buffett is no longer at the helm. He has limited involvement in the day-to-day operations as it is. Ajit Jain runs the insurance business with little oversight, and future CEO Greg Abel is already in charge of all non-insurance operations. Portfolio managers Ted Weschler and Todd Combs have shown excellent capital allocation ability, and the $344 billion cash hoard gives Abel tremendous firepower. Berkshire is one of my largest investments already, but if I had to buy one of the 10 trillion-dollar stocks today, it's the one I'd choose. Should you buy stock in Berkshire Hathaway right now? Before you buy stock in Berkshire Hathaway, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Berkshire Hathaway wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $660,783!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,122,682!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 184% for the S&P 500. 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 August 13, 2025 American Express is an advertising partner of Motley Fool Money. Matt Frankel has positions in American Express and Berkshire Hathaway. The Motley Fool has positions in and recommends Apple and Berkshire Hathaway. The Motley Fool has a disclosure policy. The Best Trillion-Dollar Stock to Invest $1,000 in Right Now 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
