Daily Management Review
Management

VW will shorten work shifts of 10 000 employees

German automaker Volkswagen will shorten working time of 10 thousand employees at the company's plant in Wolfsburg, reports Reuters referring to a source close to the company. The decision was made because of problems with suppliers who do not adhere to obligations on delivery times. In particular,...

Two mistakes of Apple's CEO

Apple’s CEO Tim Cook told about two biggest mistakes corporations during his work as the company’s in an interview with The Washington Post. According to him, the company should not have developed Apple Maps application, neither should Apple have hired its former top manager John Browett for...

Wealth-X: most of the world's billionaires are self-made

Combined wealth of the world's billionaires grew to nearly $ 7.7 trillion, as estimated by Wealth-X experts. Mostly, billionaires live in Europe, and their number is fastest-growing in Asia. The number of people with a fortune of $ 1 billion or more grew by 6.4% in 2015. Now, there are 2473 of...

Failure To Prioritise On An Agenda Led To Yahoo’s Woes

Reuters talk to the ex-executives of Yahoo to trace back the beginning of its fall. The meeting of Yahoo executives, in the spring of 2006, showed no apparent signs of crisis within the company. Yahoo was been a pioneer in the line of the internet, which had just made a profit of “$1.9 billion”...

Corine de Farme: French cosmetics to conquer the world

The cosmetic-perfume industry is clearly growing with a forecast of +6.4% in 2020. The French re-mains the world's largest exporter of cosmetic products. So where is the next goldrush? Eric Jacquemet, president of the Sarbec Cosmetics group, which sells more than four products per second worldwide...

Man Group’s C.E.O Switches Firm

Roman to join PIMCO. Man Group Plc is the “biggest” hedge fund listed in the world, whereby the Chief Executive Officer of Man Group, Manny Roman will now be assuming the post of the new Chief Executive Officer of “Pacific Investment Management Co”.   On Wednesday, Man Group informed that...

EU trucks cartel fined €3 billion over price ring

The five largest manufacturers of trucks - Iveco, DAF, Volvo/Renault, Daimler and MAN - agreed to fix the prices of their cars, and together prevent introduction of technology to reduce emissions, said European Commissioner for competition Margrethe Vestager. The European Commission on Tuesday...

Top bankers' salaries grew tenfold in 2015

JP Morgan Chase will increase minimum wage of 18 thousand lower rank employees. In numerical terms, it is $ 12-16,5 per hour, according to The Wall Street Journal citing a statement of the company’s general director James Dimon. Amount of allowances to the salary will depend on geographic location...

SEC investigates Tesla for possible securities law breach: WSJ

Tesla is being investigated for potentially taking too long to disclose a fatal crash in May. The Securities and Exchange Commission is concerned about the crash that has called into question the safety of a system in the car that takes control of steering and braking, the Wall Street Journal...

Nike's founder is leaving the company

Nike company announced that its board chairman Phil Knight, thanks to whom the company has become one of the global leaders in the sporting goods market, is resigning. His place will be taken by current President and CEO Mark Parker. Phil Knight himself will become the honorary chairman of the...
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