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Alibaba’s Jack Ma to unveil succession plan next week, remain chairman

Alibaba Group Holding Ltd’s billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Ma will announce the plan on his 54th birthday and the handover strategy will stretch over a significant period of time, the South China Morning Post (SCMP) newspaper reported citing a company spokesman. Alibaba declined to comment but pointed towards the SCMP story when asked about Ma’s plans. …read more […]

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Trading Ideas

Alibaba’s Jack Ma to unveil succession plan next week, remain chairman

Alibaba Group Holding Ltd’s (BABA.N) billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Ma will announce the plan on his 54th birthday and the handover strategy will stretch over a significant period of time, the South China Morning Post (SCMP) newspaper reported citing a company spokesman. Alibaba declined to comment but pointed toward the SCMP story when asked about Ma’s plans. …read more […]

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Trading Ideas

Alibaba’s Jack Ma to unveil succession plan next week, remain chairman

Alibaba Group Holding Ltd’s billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Ma will announce the plan on his 54th birthday and the handover strategy will stretch over a significant period of time, the South China Morning Post (SCMP) newspaper reported citing a company spokesman. Alibaba declined to comment but pointed towards the SCMP story when asked about Ma’s plans. …read more […]

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Thoughts on Quitting While You’re Ahead

What’s the first thing you think about when you read the word “quit”? In American vernacular, the word’s had a bad rap for a long time.

Quitting is often seen as a sign of cowardice. And like Gen. George S. Patton famously told his troops about to storm into German-occupied France some 74 years ago, “Americans despise cowards.”

But quitting and cowardice are not necessarily one in the same. Quitting is not a bad thing if done for the right reasons.

We’re in the midst (some say the end) of the longest bull market ever. The unemployment rate is looking good – and …read more […]