The Case of the Missing $15 Billion Fortune: Part 2
After Hermès heir Nicolas Puech announced his $15 billion fortune was missing, accusations started flying. Who had taken the money? Was it his handyman? His financial advisor? Puech himself? In this second episode, WSJ’s Nick Kostov reveals the answer in what could be the fraud of the century. Jessica Mendoza hosts.
Further Listening:
The Case of the Missing $15 Billion Fortune: Part 1
The World's Richest Person Is Planning for Succession
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The Case of the Missing $15 Billion Fortune: Part 1
Hermès is one of Europe’s most storied luxury brands, known for its Birkin bags and expensive silk scarves. One of the company’s biggest shareholders had been fifth-generation Hermès heir Nicolas Puech. But a few years ago, Puech made a shocking admission: he was out of money. And Puech’s Hermès shares, worth some $15 billion, were missing. In this first episode, WSJ’s Nick Kostov digs into one of the most baffling and epic financial sagas of this century. Jessica Mendoza hosts.
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Further Listening:
The World's Richest Person Is Planning for Succession
Are Diamonds Even a Luxury Anymore?
How a Miami Couple Used Empty Mansions to Pocket Millions
Sign up for WSJ’s free What’s News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
KFC Got Fried in the Chicken Wars. Can It Come Back?
Kentucky Fried Chicken was once one of the biggest fast-food chain in America. Now, it’s battling declining U.S. sales as rivals attract customers with chicken sandwiches and tenders over KFC’s classic bucket of bone-in chicken. WSJ’s Heather Haddon reports on how the iconic chain is trying to turn things around. Ryan Knutson hosts.Â
Further Listening:
- Can Pepsi Make a Comeback?
- McDonald’s Wants To Offer Quality And Value. Can It Do Both?
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Sign up for WSJ’s free What’s News newsletter.
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The Era of AI Layoffs Has Begun
Corporate layoffs have been rolling across American companies: Amazon, General Motors, Verizon, Target and Microsoft have all cut jobs. WSJ’s Chip Cutter takes us inside his conversations with CEOs about how hiring is changing, and what the AI era means for jobs. Ryan Knutson hosts.
Further Listening:
- Hollywood Jobs Are Disappearing
- Is the Economy Getting Better or Worse? The fed Says it’s Hard to Tell
Sign up for WSJ’s free What’s News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.
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