Daily Management Review
Management

Bloomberg names Tim Cook's likely successor as Apple CEO

Following Tim Cook's resignation, Bloomberg reported that 49-year-old John Ternus, who oversees the company's hardware development division, is expected to take over as CEO of Apple. According to Bloomberg, which cites people familiar with the company's internal operations, 49-year-old John Ternus,...

Goldman Sachs obliges its employees to get permission to travel to Paris during the Olympic Games 2024

Bloomberg reports that Goldman Sachs, a U.S. investment bank, has mandated that its staff get special authorization from the management before they can travel to Paris for the Olympic Games, which are scheduled to take place from July 24 to August 14. The organization notes that a lot of companies...

TotalEnergies shareholder group calls for separation of CEO and board roles

According to MarketWatch, a faction of TotalEnergies' stockholders is demanding that the CEO and board chairman positions be kept distinct. Patrick Pouyanne has concurrently held both roles since 2015. The Swiss Ethos Foundation and a consortium of 19 international pension funds and management...

Citigroup reaches final stages of reorganization, prepares job cuts

CEO of Citigroup Inc. Jane Fraser stated that the firm is nearing the end of an operational transformation that will involve additional layoffs. The Wall Street Journal obtained Fraser's address to employees, which stated that "these final changes will affect the largest number of our colleagues...

Large companies In Japan will raise wages in spring to the maximum since 1992

According to the Financial Times, which cites analysts' projections, major Japanese corporations will raise workers' compensation by an average of more than 4% following spring negotiations with labor unions. This would be the largest growth since 1992 despite a sharp rise in the cost of living and...

SEC investigates head of OpenAI Altman

According to The Wall Street Journal, which cites sources, Sam Altman, the CEO of ChatGPT chatbot developer OpenAI, is the subject of an investigation by the US Securities and Exchange Commission (SEC). The regulator has asked current and former OpenAI officials as well as board members for...

PNC Bank to invest $1B in network expansion over 5 years and open more than 100 branches

PNC banking Services Group, which includes American PNC Bank, plans to invest $1 billion over the course of five years to upgrade its branch network. The bank stated in a statement that it specifically intends to open more than 100 new branches in large cities like Austin, Dallas, Denver, Houston,...

Jeff Bezos sells $2B worth of Amazon stock

According to documents filed with the Securities and Exchange Commission (SEC), Jeff Bezos, the founder and former CEO of Amazon.com Inc., sold 12 million shares of the company on February 7-8 for a total of approximately $2.04 billion. As of right now, Bezos holds 976 million shares in the...

Australia Will Permit Employees To Disregard Supervisor Calls Made After Hours

Australia is set to implement legislation that would grant employees the freedom to refuse irrational calls and messages from their supervisors during non-working hours. Employers that violate this policy may face fines.   The "right to disconnect" is one of many amendments to labour rules...

Restaurant chain Chipotle introduces new support measures for Gen Z employees

Furthermore, the company plans to bring on 19,000 more workers for "burrito season." Chipotle Mexican Grill, an American restaurant company, announced that it is bringing in new benefits for Generation Z employees and plans to hire 19,000 more staff members in front of the next "burrito season"....
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