Ankur Jain, founder and chairman of Kairos, discusses his new company Rhino, which allows renters to pay as little as $10 a month toward their security deposit instead of putting up thousands of dollars upfront. Rhino is already available in 23,000 units in New York. Jain explains Rhino isn't paying the security deposit upfront either, but instead giving landlords a policy for double the money. Jain says renters pay $10 a month for the first year, and then as long as they're in good standing, that amount is reduced substantially.

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Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
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