Daily Management Review
Management

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...

Arabesque Report Finds Substantial Climate Disclosures Being Made By Only 1.2% Of Top Global Firms

Any significant disclosure about the climate risks posed by their business is made by just over one per cent of the five thousand big firms of the world, while no climate risk disclosure is being made by more than 50 per cent of the companies, found a study conducted by ESG research and investment...

Lyft Revels Its Long-Overdue Safety Report Staing 4,000+ Sexual Assault Cases Were Reported

Between the years 2017 and 2019, Lyft Inc had received complaints of more than 4,000 cases of sexual assault on its ride-hailing network, according to a statement of the company. It also provided further detailed information in a safety report it pledged to make public roughly two years ago....

Bundesbank's Head steps down

The Bundesbank said that its leading manager Jens Weidmann is expected to resign on 31 December. The news was surprising: according to his contract, Mr Weidmann was expected to keep the position for at least next five years. Weidmann issued a statement explaining the resignation by "personal...

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...
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