Daily Management Review
Management

New Study Finds 75% Large Listed Companies Short On Their Climate Commitment

According to an analysis conducted by sustainable finance firm Arabesque which focused on the shortcomings of corporate pledges to take action to tackle climate change, less than 25 per cent of the large public companies of the world are doing something on their own to address the climate crisis....

EU Unveils Rules On ‘Green’ Reporting By Companies And Defends Its Efforts

The decision of the European Union to formulate new regulations that would require companies to show investors how climate change will affect their activities was defended by it on Wednesday as the EU said that it would be years for a global approach on this matter to mature.   Absolutely...

Credit Suisse announces management resignation over Greensill and Archegos Capital scandals

Swiss bank Credit Suisse has announced a management reshuffle, a cut in its year-end dividend and the scrapping of bonus payments to its board members. All of these decisions are linked to the collapse of two of Credit Suisse's big clients last month: fintech start-up Greensill Capital and...

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...
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