Daily Management Review
Management

Head of Xerox suspected of a conflict of interest in Fuji's takeover

Billionaire Darwin Deason accused Jeff Jacobson, CEO of Xerox, that he actively negotiated a deal with Fujifilm, despite a ban on the part of the company's board of directors. According to the billionaire, the general director of Xerox sought to obtain guarantees from the representatives of Fuji...

Brexit Is Not A Major Concern Against The Global Uncertain Political Backdrop: C.E.O of Peugeot

Even though, the clouds of uncertainties loom over the trade and business scenario of Britain with the approaching hour for official Brexit; Peugeot decides to carry on its investments in its southern England plant. Following an announcement of Peugeot, the chief executive, Carlos Tavares, revealed...

Google employees are opposing partnership with Pentagon

More than 3.1 thousand employees of Google signed a collective letter. They are protesting against the company's participation in the Pentagon's program, which implies use of artificial intelligence (AI) to improve accuracy of targeting unmanned military aircraft, the newspaper The New York Times...

WPP launches an internal investigation of Martin Sorrell's activities

The world's largest advertising holding, the British company WPP, announced beginning of an investigation into the possible unlawful conduct of its permanent head Martin Sorrell. In particular, invited lawyers should check whether there are grounds for accusing Mr. Sorrell of misuse of WPP assets...

Could Zeltner Be The Next Face Of Deutsche Bank’s C.E.O?

There are reports of the Deutsche Bank’s hunt for a new chief executive in pacify the investors. Paul Achleitner, the chairman of Deutsche Bank is seeing Juerg Zeltner, the ex-head of the “wealth management business of Swiss bank UBS”, as a candidate for taking the place of C.E.O after John Cryan....

Nokia To Save Costs By Cutting Down ‘353 Jobs’ In Finland

Network equipment market is weak and this is pushing the Company of Nokia to cut down on labour cost. On Thursday, 29 March 2018, Nokia announced its decision that this year it would slash down “353 jobs” in Finland, “its home market”. The said step is the result of a “weak global network market”,...

BMW & Dailmer In A Joint New Venture To Compete With Uber & Didi Chuxing

The CFO of Daimler breaks the news that two carmakers of luxury brands of Germany are coming together to create a new division eyeing a place as a global player in the sector. BMW joins in with Daimler for a new division of “mobility services” which has aim of becoming a world player through...

Goldman Sachs keeps conquering Europe

Former employees of the investment bank Goldman Sachs already hold positions in central banks around the world. Yet, they are not going to stop there and goes further. Now former employees of Goldman Sachs are trying to take places in governments of various countries. For example, today it became...

Li Ka-shing, the richest man in Hong Kong, steps down

Li Ka-shing, the richest man in Hong Kong, announced his resignation. He officially handed the reins of his $ 100-billion business empire to his oldest son Victor Li. 89-year-old chairman of the board of CK Hutchison Holdings Ltd. and CK Asset Holdings Ltd. will remain an adviser to the group after...

CEO of The Blackstone Group earns $800 mln in a year

CEO of Blackstone investment company, Stephen Allen Schwarzman, earned at least $ 800 million last year. This is one of the biggest awards received by a head of a public companies, and this highlights the restoration of the financial sector after the crisis. Probably, Schwarzman 's income exceeded...
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