Daily Management Review
Management

Nissan Looks Into Complaints CEO Put The Deputy Under Observation

According to four persons with firsthand knowledge of the situation, Nissan has opened an investigation into charges made by a top adviser that Chief Executive Makoto Uchida secretly watched his deputy Ashwani Gupta.   In a letter dated April 19 to the independent directors on the board of...

SVB Securities managers to spend $55 million on the bank

The Wall Street Journal reports that SVB Securities' managers will purchase the company for $55 million cash under the direction of its chief executive. According to The Wall Street Journal, management at investment bank SVB Securities, led by its chief executive Jeff Leerink, will purchase the...

Rolls-Royce to lay off thousands of employees

The British engineering corporation Rolls-Royce may fire thousands of workers as part of a downsizing initiative. The British engineering firm Rolls-Royce Holdings Plc may fire thousands of workers, according to a source in the consulting industry, The Times said. 10% of the company's 30,000...

WSJ: Linda Yaccarino may become new CEO of Twitter

Linda Yaccarino, president of advertising at NBCUniversal, might replace Elon Musk as CEO of Twitter, according to the WSJ’s sources. Linda Yaccarino, the chief of advertising at NBCUniversal, is in negotiations to lead Twitter, according to The Wall Street Journal, which cited persons familiar...

Alphabet pays $218 million in stock to its CEO

The majority of the nearly $226 million paid to Sundar Pichai by Alphabet, Google's parent company, came in the form of stock, which the firm valued at $218 million. Sundar Pichai, the CEO of Alphabet, the parent company of Google, received $225.98 million in 2022, based on the company's Securities...

Huawei introduces own enterprise management system

According to Huawei’s announcement, the company has migrated to a new ERP system that is fully proprietary. A statement posted on the company's official WeChat account on Thursday reads that Huawei has finished replacing its outdated ERP system with a new one dubbed MetaERP. According to the...

Credit Suisse and UBS employees will receive limited bonuses

Switzerland will restrict the amount of bonuses paid to senior Credit Suisse and UBS workers. According to a statement posted on the Federal Council website, Switzerland will reduce bonuses given to top Credit Suisse and UBS employees by 50% or even cancel them due to state assistance these banks...

Walmart plans to cut jobs

U.S. Walmart, the largest retailer in the world, intends to cut more than 2,000 jobs, writes Bloomberg. According to the agency, which cited regulatory papers, "job cuts at five Walmart Inc. e-commerce centers in the U.S. will impact more than 2,000 positions." More than 1,000 employees at a...

Former head of E.ON UK to head German Uniper

According to a press release from Uniper, Michael Lewis, the previous CEO of E.ON's British division, will lead the German energy company. "In a special meeting, Uniper SE Supervisory Board agreed to name Michael Lewis as the company's new Chief Executive Officer (CEO). As soon as an effective date...

World Bank president David Malpass to step down

David Malpass, the president of the World Bank Group, told the board of executive directors that he plans to retire before the end of the fiscal year. "I've opted to take on new tasks after carefully considering my options and making substantial progress. I would like to thank our personnel and...
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