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CVC has agreed to buy airport baggage screening business Smiths Detection in a £2bn deal including debt.
The post Deal Roundup: CVC agrees £2bn buyout of airport baggage security business Smiths Detection, WCAS eyes $1.89bn Lumexa valuation in IPO appeared first on AltAssets Private Equity News.
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Companies are increasingly using role reassignments as a strategy to sidestep expensive layoffs, according to some tech industry experts. But they see it as generally short-sighted and likely to do a company more harm than good.
As with last year's 'quiet quitting' trend, quiet cutting appears to be a concept originally coined in the media — in this case, by The New York Times. The practice involves reassigning workers to roles that don't align with their career goals to achieve workforce reduction by voluntary attrition — allowing companies to avoid paying costly severance packages or unemployment benefits.
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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