Daily Management Review
Management

Google to spend $7bn to create 10,000 jobs in the US

Google will invest $7 billion to expand its business in the United States, The Wall Street Journal reports. The company intends to double its office space and open several new data centres in the country within a year. As a result, the corporation will increase the number of its full-time employees...

Britain’s New Proposal To Significantly Change Running And Auditing Of Firms

Following the collapse of retailer BHS and builder Carillion, the British government has proposed to weaken the market dominance of the “Big Four” auditors while making the directors of the company responsible personally for failing to spot fraud.     If companies were to collapse or...

Ant Group CEO resigns

CEO of Ant Group has resigned from his position - according to the company, of his own volition. Bloomberg previously reported that employees at Jack Ma's fintech company are leaving, unhappy with the disruption of what could have been the world's largest IPO. Simon Hu, CEO of Chinese fintech...

French Supermarket Giant Casino Sued By Indigenous Amazonians For Rainforest Destruction

A lawsuit was filed against the French retailer Casino in a French court by indigenous people from Brazil and Colombia in which they alleged that the retailer was selling beef that had links with notorious incidents of land grabbing and deforestation in the Amazon, according to campaigners involved...

Blackstone's chief executive receives over $610M remuneration in 2020

Blackstone Group chief executive and co-founder Stephen Schwartzman received at least $610.5m in dividends and compensation in 2020. This is the largest payout among US private equity fund directors and 20% more than was paid out to the billionaire the year before. Blackstone Group chief executive...

Walmart to raise employees' wages to $15 an hour due to COVID-19 pandemic

One of the world's largest retailers, US chain Walmart, has announced its intention to raise salaries for its US employees after a successful financial year. One of the world's largest retailers, US chain Walmart, has announced its intention to raise salaries for its US employees after a successful...

Tech Giants Targeted By New Anti-Monopoly Rules In China

The grip of the tech companies of China which is already stringent was strengthened further on Sunday with the country’s market regulator releasing a set of new guidelines related to anti-monopoly policies that are specifically designed to clamp down on market dominance of some of the internet...

Amazon's new head sets to develop its gaming business despite a string of failures

Amazon will continue to develop its Amazon Game Studios (AGS) game division despite a string of failed projects, said Andy Jassy, who will succeed billionaire Jeff Bezos as CEO by the fall of 2021. This was reported by Bloomberg, citing Jassy’s letter sent to employees. "Some businesses grow from...

BlackRock C.E.O Push Companies Towards Net Zero Transition

Last month, BlackRock had urged companies to “lay out their plans” of reaching “net-zero emissions by 2050”. BlackRock is the “biggest” asset management company in the world led by C.E.O Larry Fink. While Fink gave out a warning to the companies that the asset manager “invests in”, saying the...

Tech companies employees name the best country to work in

Employees of global technology companies have named the UK as the best place to work, according to a ranking by online job search site Glassdoor. The United Kingdom is recognized as the best place for IT and technical specialists by employees of companies such as Salesforce, Microsoft, Abcam,...
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