Veterans on Wall Street: Bringing Heroes to Finance
The Bob Woodruff Foundation is a charitable partner of the "Veterans on Wall Street Foundation," which promotes the development and retention of veterans in the financial services industry.
Anne Marie Dougherty, Executive Director of the foundation, and Ruth Christopherson, senior vice president at Citi Community Development and Citi Salutes, joined Cheddar to discuss how veterans joining the workforce have been able to thrive on Wall Street.
Christopherson explained that when it comes to helping veterans, competing banks are in the same team. The executive told Cheddar that Citi comes together with other banks to educate companies on the value of hiring veterans.
A combination of educational initiatives, mentoring, outreach to the military, employee affinity groups, and an annual conference, allows Veterans on Wall Street to promote career development, support, and retention of jobs for veterans, in the global financial services industry.
Veterans on Wall Street also hopes to break into other sectors including Silicon Valley, real estate, and hospitality. Dougherty believes there is a lot of potential in expanding the foundation beyond finance.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.