Daily Management Review
Management

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...

Mackenzie To Assume Business In The Community’s Chief Executive Post

The Prince of Wales assigns his fourth chief executive. “HRH The Prince of Wales”, the president of “Business in the Community”, has announced Amanda Mackenzie as its chief executive, marking the fourth such position holder in its thirty four years long history.   In her working career,...

Facebook Collects Users’ Information For Corporate Research Purpose

The controversy over Facebook’s ethics, prompted the company to set up an experts’ panel. According to a “media report”, Facebook, the giant of social networking, has published the detail steps regarding treatment of the personal data of Facebook users, whereby the company shows how it uses the...

GE changes the personnel management system

General Electric is reviewing its approach to evaluation and remuneration of staff. For decades, GE had defined an ideal employee as one who fights product defects and does not admit uncertainty. Now, however, the company’s executives argue that the best performers are those who are willing to take...

Forbes: Theranos CEO is not a billionaire

In 2014, founder of Theranos Elizabeth Holmes persuaded investors that her business is worth $ 9 billion. After a series of reputation scandals, this amount dropped to $ 800 million. Today, Forbes lowered assessment of Holmes’ wealth nearly to zero. American Forbes has lowered its assessment of...

An Experienced Manoeuvring At M&S Through The Fall Of Profit

Clothing turnaround proves disappointing while the food sector performs well. Reviewing the entire year’s profit of Marks & Spencer, the company reported a drop of “18.5%” profit margin. This synched with the new C.E.O, Steve Rowe, taking over his position, whereby it seems like a warning which...
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