Management
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
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”, while this move also falls under “its global cost-savings plan”. Initially, the company had...
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...
Brougher Becomes The First C.O.O Of Pinterest With Nearing IPO
Maturing Pinterest hires its chief operational officer to manage its global operation as it nears its IPO. Pinterest, an image-based “searching and sharing website”, revealed that on Tuesday, February 27, 2018, the company has hired Francoise Brougher as its C.O.O. Brougher formerly held...
Elon Musk: A charlatan or a genius?
The scene of the takeoff of a giant rocket in a fireball, the soft landing of vertically landing rocket boosters, and finally the pictures of a Tesla sports car hovering in space with a mannequin in a spacesuit behind the wheel and David Bowie's "Space Oddity" as an accompaniment... Successful and...
Faber Castle Taps Into The ‘Opportunity’ Of Digital Era
Traditional pencil and digital revolution come together to provide the next level of experience to the users. In the digital age, one would think it to be normal that the concept of pencil has become a historic item suited only for dustbin. However, Faber Castle has launched a “platform” in Brazil...
Thomson Reuters & Blackstone Are In Advanced Purchase Talks, Reveal Sources
Sources have informed that Blackstone could buy Thomson Reuter’s F&R stakes for nearly “$17 billion”. The “private equity firm” of the U.S., Blackstone Group is carrying out advance talks on buying arounf 55% of stake in “Financial and Risk business” of Thomson Reuters Corp. The said deal would put...
