Daily Management Review
Management

Elon Musk's wealth exceeds $100B

The capital of the founder of Tesla and SpaceX, Elon Musk, has grown more than 3.5 times since the beginning of this year and for the first time exceeded $100 billion, Bloomberg writes with reference to the Bloomberg Billionaires Index (BBI). As of August 27, Musk's fortune is estimated at $101...

Global education publisher Pearson appoints Andy Bird as CEO

Andy Bird will be replacing current CEO, John Fallon, and will assume the role from October 19, 2020. On Monday, Pearson, a global education publisher, stated, it has appointed Andy Bird, as its new CEO.   Bird is a media veteran who ran the international arm of The Walt Disney Company. He...

Marks & Spencer to lay off 7,000 employees in three months

British retailer Marks & Spencer has announced that it will cut 7,000 jobs in the next three months due to a slowdown in sales amid the pandemic and cost-cutting programs. The cuts will affect the company's central support center, administrative positions in regional divisions and store...

Booking.com to lay off 25% of its employees

The American company Booking Holdings, which owns the online hotel booking service Booking.com, has announced its intention to cut 25% of its employees amid a sharp drop in tourist travel during the pandemic. The company announced such plans in a notice filed with the US Securities and Exchange...

Google allows employees to work from home until summer 2021

American corporation Google has decided to allow employees to continue working remotely, if they wish, at least until July 2021, CNN reports. “To enable employees to plan for the future, we are extending the possibility to work from home until June 30, 2021 for those positions that do not require a...

Pfizer’s Angela Hwang Joins UPS’ Board of Directors

31% board of directors at UPS are female representatives. Dailycsr.com – 27 July 2020 – On July 15, 2020, UPS made an announcement to reveal the name of a new board member, as Angela Hwang joined the board which had been “effective immediately”, reported the press release of UPS.   Hwang is...

Red Bull changes top managers in the US amid internal disagreements over BLM movement

Austrian Red Bull GmbH, the manufacturer of energy drinks Red Bull, has replaced top managers in the United States amid internal disagreements over the company's response to the Black Lives Matter movement, writes The Wall Street Journal. Red Bull announced that North America Chief Executive Stefan...

Ex-wife of Amazon founder becomes the richest woman in USA

Wealth of the ex-wife of Amazon founder Jeff Bezos grew by almost $ 6 billion in a week. This helped her to take first place in the list of richest women in the United States, overtaking a heiress of the Walmart empire. Now, it’s just less than $ 2 billion between her and the status of the richest...

Facebook Is Ready To Go Through Scrutiny Over Its Hate Speech Control

As a response to many companies’ decision to pause advertising with Facebook over its policy to deal with hate speech, the company will be audit by Media Rating Council. Facebook Inc has informed that the company will collaborate through an audit process which scrutinise the company’s ways of...

Alstom And Bombardier In ‘Advanced Talks’ For Rail Deal

The said deal can value “up to 6.2 billion euros”, equivalent to “$6.95 billion”. The C.E.O of Bombardier revealed that the company was in “well-advanced” discussions with the French giant, Alstom for selling its rail division as it is pursuing “regulatory approval” for the same. The deadline for...
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