A side effect of the coronavirus pandemic, which forced many companies to transfer employees to a remote mode of operation, send people on leave without pay or even get fired, was an increase in the number of requests to the Securities and Exchange Commission (SEC) for corporate violations....

“Bold, not incremental, action is required”: in an open letter to IEA. The Head of IEA, the International Energy Agency, Fatih Birol had to face “renewed calls” for taking “bolder stance on climate change” as the investors were concerned over the ocmpany’s report which showed the enabling of...

There is a need for coming up with and following a uniform approach to flying safely during the coronavirus pandemic, believes a United Nations aviation-led task force. It is therefore urging airlines, airports and countries to devise and create such strategies and approaches.   The UN task...

Wipro Ltd has made changes in its executive positions. In a statement, Indian tech giant Wipro Ltd said, it has apppointed Thierry Delaporte as its new chief executive officer and managing director of the company.    Delaporte will be replacing Abidali Neemuchwala, who will be stepping...

American Airlines intends to downsize 30% of its managers and administrators, according to The Wall Street Journal, citing a letter sent to the airline. In total, the reduction will affect more than 5 thousand people. The letter said that the removal of federal quarantine and the introduction of...

Telecoms equipment maker Nokia has selected Sari Baldauf as its new chairwoman. She will succeed Risto Siilasmaa who headed the Finnish company for eight years.   Nokia is currently facing a huge challenge of continuing in the race for securing of 5G contracts which is the biggest challenge...

Escalation of commitment bias is particularly prevalent, in high risk strategic decisions, such as mergers and acquisitions (M&A). The acquisition process not only implies technical dimensions but also social, psychological and behavioral dimensions. Mergers and acquisitions involve several actors...

Mergers and acquisitions are vital to the growth of many businesses, yet roughly half of all M&As fail to create value or wealth for shareholders of the acquirers (Gaughan, 2017; Whitaker, 2012). One major reason is that firms tend to treat post-merger integration as a mechanical process that...

The Director General of the World Trade Organization (WTO), Roberto Azevêdo, told the governments of member countries that he plans to resign before the end of his term of office in 2021. It is reported by Bloomberg with reference to four people familiar with the situation. The 62-year-old...