Daily Management Review
Management

A New CEO Being Searched For By WeWork: Reports

Following the departure of its co-founder Adam Neumann, the United States based office space sharing and leasing company WeWork is now looking to identify and hire anew new chief executive, said reports quoting information from sources familiar with the matter, even as the company strives to put a...

Elon Musk's fortune grows by $2 bln over a week

Fortune of the American entrepreneur, Elon Musk, increased by $ 2 billion over the week thanks to the profit of his company Tesla, Forbes magazine writes. Although analysts forecasted losses for the company after the close of trading on October 23, Tesla recorded a profit of $ 1.86 per share. The...

Norway wealth fund director is stepping down

Yngve Slyngstad, Head of the organization managing the Norway Wealth Fund, decided to resign. This is stated in the quarterly report of the fund. He will remain in office until he finds a successor. Once he resigns, Yngve Slyngstad plans to continue working in the fund and to invest in the fund’s...

Fiat And PSA In A Possible ‘$50 Billion’ Tie-Up Talks

Fiat holds merger talks at a time when the auto industry sees dwindling demand as oppose rising cost of emission reduction technologies. Fiat Chrysler and “Peugeot owner PSA” are in talks about a possible “tie-up” which could give “create a $50 billion car giant gathered pace”, while one source...

Is Joining Libra Association Proving Costly To Zuckerberg?

Zuckerberg faces the U.S Congress for Libra Project and other failures of Facebook. Facebook Inc’s chief executive officer, Mark Zuckerberg agreed that Libra, Facebook’s “planned digital currency” seems to be a “risky project” while reassuring the U.S. authorities that it could take global...

Boeing 737 MAX Crisis: Company Removes Senior Executive

In what can be described as the most notable change in the management levels of the company, one of its top ranked executives was removed by the United States based aircraft maker Boeing in connection to the global grounding of its onetime cash cow the 737 Max planes following two fatal accidents...

HSBC to lay off up to 15 thousand employees

HSBC Bank's interim CEO, Noel Quinn, intends to significantly reduce the company's costs by cutting down up to 15 thousand employees. According to the Financial Times, in addition to the 4.7 thousand job cuts announced a few weeks ago, the British bank intends to dismiss another 10 thousand...

New ‘Shipping Finance’ Chairman Of Citigroup To Take Forward ‘Poseidon Principles’

Citigroup’s planned transition turns its focus on environmental commitments. Michael Parker, a “veteran shipping finance banker” of Citigroup gets appointed as the chairman of “shipping & logistics business” of the bank. As per Citi’s information, Parker’s responsibility will also include...

Study: US companies lose $ 223 billion due to toxic work environment

Staff turnover caused by tensions in the workplace has deprived US companies of nearly a quarter trillion dollars over the past five years, according to a study published by the Society for Human Resource Management (SHRM, Virginia). The study showed that staff turnover due to the "toxic"...

German Prosecutors Bring Market Manipulation Charges Against VW Top Executives

Charges of manipulating the market in connection to the diesel emissions scandal that had rocked the German auto giant Volkswagen have been brought against three current and former executives of the company.   According to the charges filed by German prosecutors, investors were not informed...
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