Daily Management Review
Management

Kobe Steel adds 9 more products to the falsification product-list scandal

The scandal has ripplied through global companies who are now investigating their global supply chain to see how it impacts them. On Friday, at a news conference in Japan, Kobe Steel’s CEO Hiroya Kawasaki disclosed, the company plans on paying the cost incurred by its customers in relation to the...

Bain Capital’s long reaching strategic moves paying dividends in Japan

Bain Capital has been patiently networking and cultivating connections in Japan. While it spent 3 years to develop a relationship with ADK, long before Toshiba’s nuclear business went kaboom, Bain had started discussions with Toshiba around their semiconductor business. h3 { margin-top: 0.42cm;...

Qualcomm offers concession to ease concerns raised by the European Commission on its acquisition of NXP semiconductors

The European Commission’s concerns stem from apprehensions that the U.S. chipmaker could use incentives as a ploy to squeeze out rivals and raise prices as well as Qualcomm bringing about changes in NXP’s intellectual property licensing model. p { margin-bottom: 0.25cm; direction: ltr; color:...

Britain’s BAE System to cut 1,000 jobs this week

The move will affect its Warton plant in Lancanshire where it assembles the Eurofighter Typhoon fighting jet. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk { font-family:...

Uber's board of directors wants to diminish Kalanick's power

On Tuesday, the Board of Directors of Uber Technologies will vote on a number of reforms in the company and a major deal with the SoftBank Group, Bloomberg reports citing sources. This will happen despite the fact that the co-owner and former CEO of the company Travis Kalanick suddenly put forward...

Toshiba Corp sells its NAND chip business to Bain Capital led consortium for $18 billion

Although the deal brings a much needed closure to Toshiba’s chip business, the jury is still out on Western Digital’s complaint that Toshiba went ahead with the sale without the consent of its joint venture partner. Western Digital Corp has sought an injunction. p { margin-bottom: 0.25cm;...

Uber defends its business model, safety of drivers, at UK tribunal

Facing strong headwinds stemming from its past management practices, Uber will try to defend itself against mounting criticism while capitalizing on growing sympathies. Here’s the scoop of its legal setbacks as well as silver lining of its potential future. p { margin-bottom: 0.25cm; direction:...

CEO of Equifax steps down in the middle of the hackers scandal

Richard Smith, Chief Executive Officer and Chairman of the Board of Directors of Equifax Credit Bureau, resigned after 12 years of work amid a server hacking scandal that resulted in hackers gaining access to personal data from half the US population, CNBC reported. On Tuesday, Equifax trades were...

Zurich-based private bank, Julius Baer, appoints Oliver Bartholet as its Chief Risk Officer

This is the third change in the company’s top management. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk { font-family: "Calibri"; font-size: 11pt; }p.ctl { font-family:...

Hackers used infected versions of Piriform’s CC Cleaner to gain corporate secrets

Users of CC Cleaner are advised to re-download the clean version of the app from Piriform’s website. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk { font-family: "Calibri";...
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