Daily Management Review
Management

ATF: US billionaires earn extra $1.8T during the pandemic

The pandemic has caused considerable financial hardship in the U.S., but the super-rich have escaped serious losses. Insider reports that billionaires handled the coronavirus epidemic so well that they became a total of 1.8 trillion richer. Americans for Tax Justice (ATF) and the Institute for...

Citigroup Draws Another Senior Executive From Credit Suisse For Tech M&A Business

A veteran tech banker, Dhiren Shah, from the Credit Suisse Group AG has been poached by Citigroup as a part of the new strategy of the company to focus on investing money and effort in tech franchise, claimed a report by the news agency Reuters based on information from a memo of the latter. ...

Analysts forecast record 10-year growth in Wall Street bonuses

Wall Street investment bankers will see double-digit bonus increases this year. Payouts to advisers and analysts will be the biggest in nearly a decade, Johnson Associates forecasts. Many Wall Street employees can expect double-digit bonus increases in 2021 as compared to the last year. Payouts to...

Bloomberg: Boeing employees are leaving for SpaceX and Amazon

Thousands of employees of the US aerospace corporation Boeing have left the company amid continuing internal problems, Bloomberg writes. Employees are leaving the company amid a crisis that has been going on for more than a year - it began after the suspension of Boeing 737 MAX operation in March...

Survey: Americans ready to quit their jobs if remote working is abolished

A survey showed that four out of ten Americans who work remotely at least part of the time will start looking for another job if they are required to return to the office. Workers are sometimes willing to give up a higher salary to work remotely. Four out of ten Americans, who work from home at...

American Father And Son Sentenced To Prison In Tokyo For Helping Ghosn Escape Japan

Two Americans who are charged with the escaping of former Nissan chairman Carlos Ghosn form house arrest have been sentenced to two years of imprisonment by a Tokyo court on Monday.   The American duo - US Army Special Forces veteran Michael Taylor who was sentenced for two years and his son...

Zara owner explains reluctance to close shops for online sales

Zara is the world leader in online shopping, but the company has no intention of closing its shops, said the head of Inditex Group, which owns the brand. In his view, the future of the industry lies in a hybrid approach that combines traditional retail and online services. Zara does not intend to...

Musk's fortune grows by $10bn in a week

The fortune of Elon Musk increased by almost $10bn last week as shares in the Tesla carmaker surged. The company's stock surged after the Biden administration agreed an infrastructure upgrade plan with congressmen that includes spending on electric vehicle chargers. The fortune of Elon Musk last...

Dior owner tops list of world's richest billionaires

Owner of Dior and Louis Vuitton has overtaken the founder of Amazon to top the list of the world's richest billionaires, updated in real time. His fortune has grown by more than $110bn since March last year. Bernard Arnault, the head of the LVMH holding company that owns Louis Vuitton and Dior,...

Power At The Workplace Should Not Be Abused, Says Microsoft CEO Nadella

Executives of companies should not abuse the power that are allocated to them, believes Microsoft CEO Satya Nadella.   This was the first comments from a top executive of the company following media reports about Bill Gates, the co-founder and original CEO of Microsoft, had been engaged in...
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