Daily Management Review
Management

A Strategic Step To ‘Maximize’ The Value Of Shareholder

Jimmy Choo with the consent of its shareholders and ‘Britain's Takeover Panel’ is set to conduct talks on “formal sale process”. In an attempt to “maximize” the value of shareholders, as a part of its “strategic options”, Jimmy Choo, a luxury retailer, has put up “offers for the company”, so it...

Google Is Under The U.K. Tax Radar For ‘£36.4m’ For 2016

Google agrees to pay the balance tax amount for 2016. Last year, Google has had to pay an amount of “£36.4m” in the United Kingdom, reveals a statement coming from Alphabet, the latter being the parent company of Google.   Various tech giants were subject of scrutiny in regard to their “tax...

Founder of Oculus says goodbye to Facebook

At the end of this week, Facebook announced that Palmer Luckey, creator of original prototype of VR-helmet Oculus Rift, will cease to work in the company. It remains unclear whether Luckey was fired or left the company of his own free will. Palmer Luckey was one of the founders of the startup...

Credit Suisse CEO gets $ 12 million for 2016

Salary of Tidjane Thiam, Chief Executive Officer of Credit Suisse, grew to 11.9 million Swiss francs ($ 12 million) for the first year of his work, as journalists learned from annual report of the second largest bank in Switzerland. Thiam took over as Executive Director in Credit Suisse in June...

Uber's President steps down

Jeff Jones, President of online taxi service Uber announced his resignation after nearly seven months of working with the company. "We are thanking Jeff for six months of work in the company and wish him all the best," - said Uber in a press release. Jones’ reasons to leave are not too clear....

Deutsche Bank’s C.E.O. Gives Out A Cash Call Which Could Hike Up Its Shares By Fifty Percent.

Cash call is the final resort for Deutsche Bank’s redemption, although investors appear uncertain given the past track records of the company on fulfilling its promises. In the starting of this week, the Chief Executive of Deutsche Bank put forward a pledge of a “strategic turnaround”, wherein he...

Hacker attacks on Yahoo! deprived Marissa Mayer of her bonus

Yahoo! Board of Directors decided to deprive the company’s General Director Marissa Mayer of annual bonus and dismiss the company's legal counsel. Board of Directors explained the decision by the fact that the top managers failed to find a right solution during hacker attacks and theft of user data...

Toshiba's top executive is stepping down

Toshiba’s Chairman of the Board of Directors Shigenori Shiga is stepping down, the corporation said. This decision is explained by the fact that Toshiba had to postpone publication of its annual report for a month because of the need to take into account all negative consequences of a transactions...

Sony Corp. Lowers Its Operation Profit Estimates Following The Writedown Of Its ‘Movie Business’

A downward slide of 30 billion yen is the price of Sony’s “$1 billion writedown”. Last week, Sony Corp. reduced its entire year’s outlook for “operating profit” following the take of a “$1 billion writedown” of the “Japanese TV-to-gaming group” adding to its movie business that treads the...

Suzuki & Toyota On For A ‘Formal’ Partnership Talk To Explore Green Vehicle Technologies And More

The Japanese automakers seek to maintain consolidation in the global auto market. In the beginning of this week, Suzuki Motor Corp. and Toyota Motor Corp. showed a mutual consent towards carrying out “formal talks” for giving shape to their future partnership “between the two Japanese car makers”...
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