Daily Management Review
Management

C.E.O’s Ill-Health Became Zuckerberg’s Chance To Grab WhatsApp From WeChat Company’s Plate: Bloomberg

Timing and efficiency to carry out a quick deal enabled Zuckerberg to acquire WhatsApp. WhatsApp was acquired by Facebook in return of a “hefty sum”, while a “new report” presented by Bloomberg Businessweek reveals that in the process of buying WhatsApp, the Chief Executive Officer of Facebook,...

Removal Terrorism Content Detailed By Facebook After European Pressure

In a response to political pressure in Europe to militant groups using the social network for propaganda and recruiting, Facebook Inc offered additional insight on its efforts to remove terrorism content.   Monika Bickert, Facebook's director of global policy management, and Brian Fishman,...

Jack Ma Of Alibaba Invited In The Body Shop Bid Of L'Oreal

Final bidding is round the clock, while promising bidders have been added to the list for The Body Shop contest. Investindustrial is a “private equity firm” of Europe, whereby it has sent an invitation to Jack Ma, the founder as well as the “investment vehicle” of Alibaba to come up in a “joint...

After Harassment Probe, Uber Fires 20 Employees

Following an investigation by a law firm into sexual harassment allegations and other claims at the ride-hailing company, Uber Technologies Inc said on Tuesday that it fired 20 employees and was improving management training.   Uber hired law firm Perkins Coie to look into claims of...

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...
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