Abby Schultz

1 week ago | barrons.com | Abby Schultz

Bill Gates announced on Thursday that he will give away “virtually all his wealth over the next 20 years to the cause of saving and improving lives around the world”—an estimated $200 billion—and will close the foundation he co-founded. The move accelerates the Gates Foundation’s plans to spend down its endowment, which previously was scheduled to occur within 20 years of Gates’ death.

1 week ago | barrons.com | Andy Serwer |Abby Schultz

The Highest-Paid CEO in America Is Someone You’ve Probably Never Heard OfCEO median pay rose 9.5% in 2024, less than the prior year but more than inflation and average worker pay. Shareholders did even better. The highest-paid CEO of 2024 wasn’t Jensen Huang, or Tim Cook, or even Elon Musk. Instead, it was James Anderson, the newly appointed CEO of Coherent, a technology company based in Saxonburg, Pa., that makes equipment and products for networking and laser systems.

1 week ago | barrons.com | Abby Schultz

President Donald Trump declared “we are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” in a Truth Social post on Friday, repeating a threat he made in mid-April.

2 weeks ago | barrons.com | Andy Serwer |Abby Schultz

The highest-paid CEO of 2024 wasn’t Jensen Huang, or Tim Cook, or even Elon Musk. Instead, it was James Anderson, the newly appointed CEO of Coherent, a technology company based in Saxonburg, Pa., that makes equipment and products for networking and laser systems.

2 weeks ago | barrons.com | Abby Schultz

Nonprofit organizations got a reprieve of sorts this past week, when the Trump administration issued a statement saying it had no plans “at this time” to strip certain nonprofits of their tax-exempt status. Although the news was welcome—“I’ll take it,” John Palfrey, president of the MacArthur Foundation, said in a LinkedIn post—nonprofits haven’t let down their guard.