In 2025, the Italian oil and gas company Eni distributed more than 3 million shares to over 26,000 employees through its Employee Stock Ownership Plan (ESOP). The initiative was also extended to most of the company's operating countries. According to Eni, participation exceeded 70% among 6,200 employees in 37 countries. In Italy, the number of participants reached 22,700 employees, which is about...

JPMorgan Chase & Co. has announced its plans to construct a new headquarters in London for as many as 12,000 employees. The Canary Wharf development is being created by Norman Foster's Foster + Partners. Foster previously created JPMorgan's headquarters in New York, which opened in October. The upcoming structure will be among the largest in Western Europe. Its floor space will be around 3...

Siddhant Awasthi, who was in charge of developing and producing the Cybertruck electric pickup at Tesla, is leaving the company, as mentioned in a LinkedIn post. In addition to other roles, Awasthi was responsible for the product strategy, quality improvements for the Cybertruck, and managing the supply chain. Last July, he was appointed as the head of the team working on the Model 3 sedans....

Tesla's chief executive, Elon Musk, might step down from his position if shareholders do not approve a new compensation plan. According to Robyn Denholm, the company's chairperson, the proposed plan would reward Musk with a total of $1 trillion over a period of ten years. Denholm explained in a letter to shareholders that the board's suggestion is meant to encourage Musk to continue leading the...

French billionaire Bernard Arnault bought shares worth about €1.4 billion in the luxury goods company LVMH over eight months ending mid-September, as reported by the Euronext Paris website. Arnault acquired approximately 2.5 million shares, which represent 0.5% of the company, at an average price of €566 per share. These purchases were made through the holding companies Financiere Agache and...

Porsche announced that former McLaren Automotive CEO Michael Leiters could become the new CEO of the German luxury car brand. The supervisory board of the company will start talks with Chairman of the Board of Management Oliver Blume about his earlier arranged early retirement. Leiters is viewed as a possible replacement for Blume as the Chairman of the Board of Management at Porsche, and the...

The Bank of England has sanctioned new regulations regarding bonus payouts for senior executives at UK banks, enhancing flexibility, the regulator declared. The duration that executives have to wait for their complete compensation, known as the bonus deferral period, will be shortened from eight years to four years. The modifications, sanctioned by the UK Prudential Regulation Authority (PRA)...

The Verizon Communications Board of Directors has named Dan Schulman, the former CEO of PayPal Holdings Inc., as its new Chief Executive Officer. He will take over for Hans Vestberg. The change is effective immediately, as stated in a press release. Mark Bertolini has been appointed Chair of the Board. Vestberg will remain on the Verizon Board until the 2026 annual shareholder meeting. He...

Asian online fashion retailer Shein is set to launch its initial physical stores in France in November through a partnership with department store operator Societe des Grands Magasins (SGM), according to Reuters. Shein intends to start selling at the BHV department store in central Paris and at Galeries Lafayette locations in five additional cities nationwide. This signifies a new achievement for...