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City manager negotiations move forward ELLSWORTH — Negotiations to hire Interim City Manager Glenn Moshier in a dual role combining the police chief and city manager positions is moving forward, City Council Chairman Dale Hamilton said on Dec. 29. “We’re still negotiating, there’s no final decision on how the position will be structured,” Hamilton said, noting there wasn’t “much in the way of new information.” The new ad hoc group Citizens Acting for a Responsible Ellsworth would still like to hear more, calling for more transparency. “The complaint is strictly over the proc...

Why a new Betterment chief could usher in an IPO Founder Jon Stein wasn’t able to achieve his ultimate goal of an initial public offering, but he transformed the little-known New York-based fintech into a digital behemoth December 18, 2020 2 MINS The departure of Betterment founder and CEO Jon Stein, after a decade at the reins of the industry’s leading independent robo-adviser, was certainly surprising and a bit bittersweet.  Stein wasn’t able to achieve his ultimate goal of an initial public offering, but he transformed the little-known New York-based fintech he...

Hollis Johnson/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Betterment's new CEO is replacing founder Jon Stein at a super-competitive moment for the robo-advisory industry the startup has helped pioneer, with wealth- and investment-tech rapidly consolidating.  Sarah Kirshbaum Levy, a former longtime ViacomCBS executive, will grapple with growing Betterment's brand and drawing in new customers from legacy wealth managers that dwarf it in size. While candi...

Why the IPO market is so hot - Wall Street relocates to Florida - What's next for Betterment Why the IPO market is so hot - Wall Street relocates to Florida - What's next for Betterment Dan DeFrancescoDec 14, 2020, 17:25 IST Spencer Platt/Getty Welcome back. It's the last full week of the year, so it'll be interesting to see how much gets done before the markets slow down during the holidays. One thing is for sure, the red-hot streak IPOs have been on should cool down a bit. The Wall Street Journal reported Saturday that Affirm was postponing its IPO, following in the steps of Roblox.

IPO frenzy goes into overdrive - Inside Coatue's short-lived quant fund - Blackstone TV Meredith MazzilliDec 12, 2020, 21:02 IST Blackstone cofounder and CEO Stephen Schwarzman.Reuters/Shannon Stapleton Happy Saturday! It was a wild week for IPOs. Now, one company is taking a time out. Roblox is delaying its initial public offering until next year after the video game maker decided it would be too difficult to price its shares, the Wall Street Journal reported on Friday night. We took a look at what's been driving the IPO rush and enormous pops in early days of trading for big names like A...