Daily Management Review
Management

US largest labor union secures right to strike at General Motors, Ford, Chrysler

the largest U.S. worker unions, the United Automobile Workers (UAW), has been authorized by its members to go on strike during the upcoming negotiations on new labor contracts among the workers of three American automobile concerns - General Motors, Ford and Chrysler (part of Fiat Chrysler...

Jack Ma believes in possibility of switching to a 12-hour work week

Jack Ma, the billionaire and founder of Alibaba, said people could only work 12 hours a week thanks to artificial intelligence and educational reform. Ma made this statement during a speech at the World Conference on Artificial Intelligence in Shanghai. He believes that thanks to technological...

AMS Aims Mid-2020 For Completing Osram Takeover

AMS to hold shareholders’ meeting on Osram takeover. AMS is the “Austrian sensor specialist” which has a goal of wrapping up the “planned takeover” of Osram, a “German lighting group”, within the first six months of 2020, revealed its Chief Executive Officer.   Last week, a war over Osram...

Investment banks laid off 30 thousand employees since April 2019

Over the past few months, the largest investment banks in the United States and the EU announced a total dismissal of about 30 thousand employees amid falling trade volumes, costs optimizations, automation and actions of the authorities of developed countries. The bulk of the layoffs in the current...

Former HSBC chief pledges guilty in € 1.6 bln tax evasion

The Paris court fined € 500 thousand and sentenced to imprisonment for a term of one year Head of the Swiss HSBC affiliate for wealthy clients Peter Braunwalder. The court decision was made in January 2019, but was published only now. According to Bloomberg, referring to the court document, the...

"Decisive" Company Lifer chosen as CEO of BMW

The new chief executive officer of BMW would be Oliver Zipse.   While grappling with the challenge that the advent and growing popularity of electric cars, BMW is hopeful that Zipse, who was described as a "decisive" company lifer, would be able to guide the company through the turbulent...

Julien Balkany : “We have been looking for a number of opportunities in Africa.”

Julien Balkany, Chairman of Panoro Energy. DMR – As the Chairman of Panoro Energy could you describe your activity, what place and positioning does your company have in the oil industry? Julien Balkany - As the Chairman of Panoro Energy, I am responsible for both the leadership and stewardship of...

Morgan Stanley Employee Named Goldman Sachs Asian Healthcare Group’s Chairman

At a time of surging healthcare deals, Goldman Sachs finds new face to chair its Asian healthcare group, while Japan remains an exception. Goldman Sachs has named employee of Morgan Stanley, Samuel Thong, as the Chairman of “the healthcare group” for the Asian banks while Japan “investment banking...

Former Goldman Sachs’ Employee To Lead Blackstone’s GSO Distressed Unit

In yet another management move, GSO hires Goldman Sachs’ Portfolio Manager. GSO Capital Partners, the credit platform of Blackstone has chosen its Senior Managing Director as well as the joined head, whereby appointing Dan Oneglia to handle the “distressed investing business”, reported the firm on...

Major Management Reshuffle At Alibaba Group

One of the major reshuffles in its history was announced by China’s Alibaba Group Holding Ltd and is the largest shuffle in the company since the announcement of his retirement was made by its co-founder and CEO Jack Ma. According to analysts, this reshuffle is also a part of the strategy of the...
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