Daily Management Review
Management

Musk raises investors funding for Twitter deal to $33.5B

The founder and CEO of Tesla and SpaseX has again changed his plans to fund the Twitter deal. The world's richest billionaire, Elon Musk, has increased his commitment to finance his Twitter deal to $33.5bn. He has partially scrapped plans to raise bank loans tied to his stake in Tesla in favour of...

One of Tesla's biggest investors calls for Tesla share buyback

Billionaire Leo KoGuan, one of Tesla's largest private investors, has demanded that the company purchase back its assets from shareholders to compensate them for the share price drop caused by Elon Musk's Twitter transaction. He sent his recommendation to Tesla's head of investor relations, Martin...

Goldman Sachs to reopen Monaco office for wealthy clients

Goldman Sachs, the investment bank serving the world's wealthiest people, will return to Monaco after six years. Investment bank Goldman Sachs, which serves the world's wealthiest people, will reopen an office in Monaco, writes Bloomberg with reference to the statement of Goldman Sachs Group. ...

Microsoft cancels mandatory remote working for employees

Microsoft will open its offices in Washington state beginning in late February and allow employees to return to work, according to the company's official blog. Previously, the company developed a grading that could be used to rate the ability of employees to return on a six-point scale. In steps...

Emission Tests For Hybrid Cars To Be Made Stricter By The European Union: Reports

After complaints that existing testing generates readings up to four times lower than real-world emissions, the European Union plans to toughen its method for measuring carbon dioxide emissions from plug-in hybrid cars, according to two persons familiar with the situation.   Because of the...

Meta loses 36 positions in the ranking of the best US employers

Meta (formerly Facebook) has fallen 36 places in a year on Glassdoor, a recruitment service based on employee feedback, in its ranking of the best employers in the US. Employees appreciate the company for its interesting challenges, but complain about management's inaction about the challenges and...

China Cancels More Flights From The US Over Covid Scare

After a spike in passengers testing positive for Covid-19, China ordered the cancellation of six more US flights in the coming weeks on Wednesday, bringing the total number of cancellations this year to 70 in a schedule that had already been substantially reduced.   After seven passengers...

Wall Street companies to delay return to offices

Wall Street companies have been forced to reconsider plans to return to the office amid the spread of the omicron, Reuters learned. The financial industry has been aggressively pushing for a switch to a familiar working model, but a new strain of the coronavirus has forced banks and investment...

Former McKinsey partner confesses to insider trading

Puneet Dikshit, a former McKinsey partner, admitted in court that he traded shares in online lender GreenSky with access to crucial non-public information. On September 15, it was revealed that Goldman Sachs had purchased the fintech startup for $2.2 billion, resulting in a 50% increase in its...

The EU Wants A 9-Month Expiration Date For Its Covid-19 Vaccine Passports

The European Union is contemplating extending the validity of its Covid-19 immunization certificates by nine months, allowing tourists to travel with greater freedom while the coronavirus pandemic continues.   The European Commission, the EU's executive arm, suggested Thursday that the EU...
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