Media group Axel Springer SE wants to require its nearly 16,000 employees to report intimate relationships between managers and subordinates, the Financial Times reports. This follows a high-profile scandal in which the editor-in-chief of Bild newspaper (part of Axel Springer) was sacked for having affairs with female employees and promoting them. This decision marks the first time in the 75...

According to the PwC report, companies with a strong corporate culture have adapted better to the current crisis caused by the COVID-19 pandemic, with employees complaining less about slowdowns in work processes and difficulties in communicating with colleagues and customers. With the growing demand for employees in the labour market, it's the corporate culture that can help companies compete...

Technologies enable us to collect a huge number of indicators. The accuracy of numbers creates the pleasing illusion of no ambiguity, and our ability to receive and process them creates an equally pleasing sense of control. But there are times when metrics don't help a company achieve its goals, but rather drive it away from them. The danger of indicators comes when they are not just monitored to...

The Wall Street Journal (WSJ) reports that Walmart, a major US retailer, will create its own fintech startup led by former top Goldman Sachs executives. According to the newspaper, the startup will be a joint venture with venture fund Ribbit Capital, but Walmart will be the main owner. The paper's interlocutors said that one option being considered is to buy the neobank startup, but that the...

Amazon has scrapped plans to require its workers to work three days a week in the office when they return. Team managers will now be able to determine the number of days they work in the office and remotely. Amazon will give its employees more opportunities to work from home even after the company's offices resume operations next year. Individual team managers will determine how often employees...

A total of 56 women are among the richest people in the US, with a combined fortune of $564 billion. Those who made their fortune on their own are fewer in number. The richest Americans are predominantly men. However, women continue to hold on to their positions in the new Forbes ranking of the 400 richest people in the United States. Like last year, the new ranking includes 56 women (including...

US airline United Airlines said in an internal letter that almost all of its 67,000 employees working in the US had been vaccinated against COVID-19. However, The Wall Street Journal reports that 593 employees have refused to be vaccinated and the company has initiated termination proceedings against them. The airline made the requirement for all American employees to be vaccinated at the...

Bloomberg has ranked the world's most weatlhy families. According to the publication, the Waltons, the owners of Walmart, topped it with a fortune of $238.2B. The stores chain was founded by Sam Walton nearly seventy years ago. Nowadays, there are over 10,500 stores in the world and the company has $559 billion in revenues.    Other top 10 richest families include:   • Mars family,...

Communication helps build interactions between different groups and organizations. Conversations, especially in a business environment, often follow the same patterns. There can be four types of such communication patterns, and a leader should help the team to move from one stage to another, depending on the tasks at hand. Loading Loading language is often used in formal meetings. It is...