Daily Management Review
Management

ASOS chief resigns amid slowing sales

Nick Beighton, CEO of British online clothing and cosmetics retailer ASOS, is stepping down from his post at the company, where he has worked for 12 years, including six years as chief executive. According to the company’s press release, this and a number of other personnel changes are being made...

Bank of America to pay $200 to each vaccinated Merrill Lynch employee

Bonuses of $200 will be offered to client relationship partners, administrative support and operational staff at Merrill Lynch Wealth Management, owned by Bank of America. Payments will be given to COVID-19 vaccinated employees who are about to return or have returned to work in the office. Bank of...

Ferrari signs contract with former chief designer of Apple

Former Apple design director Jony Ive and his colleague Mark Newson have signed a multi-year collaboration agreement with Ferrari and the Dutch holding company Exor, which partly owns the carmaker. The parties have agreed to work together in the luxury goods sector. Terms of the contract were not...

Facebook announces dismissal of its CTO

Facebook chief technology officer Mike Schroepfer will step down in 2022. It was reported by Bloomberg on 23 September, citing an internal company document authored by Facebook CEO Mark Zuckerberg. Mike Schroepfer's dismissal will be one of the most significant departures at the company in the past...

ATF: US billionaires earn extra $1.8T during the pandemic

The pandemic has caused considerable financial hardship in the U.S., but the super-rich have escaped serious losses. Insider reports that billionaires handled the coronavirus epidemic so well that they became a total of 1.8 trillion richer. Americans for Tax Justice (ATF) and the Institute for...

Citigroup Draws Another Senior Executive From Credit Suisse For Tech M&A Business

A veteran tech banker, Dhiren Shah, from the Credit Suisse Group AG has been poached by Citigroup as a part of the new strategy of the company to focus on investing money and effort in tech franchise, claimed a report by the news agency Reuters based on information from a memo of the latter. ...

Analysts forecast record 10-year growth in Wall Street bonuses

Wall Street investment bankers will see double-digit bonus increases this year. Payouts to advisers and analysts will be the biggest in nearly a decade, Johnson Associates forecasts. Many Wall Street employees can expect double-digit bonus increases in 2021 as compared to the last year. Payouts to...

Bloomberg: Boeing employees are leaving for SpaceX and Amazon

Thousands of employees of the US aerospace corporation Boeing have left the company amid continuing internal problems, Bloomberg writes. Employees are leaving the company amid a crisis that has been going on for more than a year - it began after the suspension of Boeing 737 MAX operation in March...

Survey: Americans ready to quit their jobs if remote working is abolished

A survey showed that four out of ten Americans who work remotely at least part of the time will start looking for another job if they are required to return to the office. Workers are sometimes willing to give up a higher salary to work remotely. Four out of ten Americans, who work from home at...

American Father And Son Sentenced To Prison In Tokyo For Helping Ghosn Escape Japan

Two Americans who are charged with the escaping of former Nissan chairman Carlos Ghosn form house arrest have been sentenced to two years of imprisonment by a Tokyo court on Monday.   The American duo - US Army Special Forces veteran Michael Taylor who was sentenced for two years and his son...
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