Management & Strategy

The company announced that James Gorman has been named as the chairman of the board of directors of Walt Disney Co. of America.

The Financial Times reports that U.S. Boeing Co. withdrew its offer to compensate striking International Association of Machinists and Aerospace Workers (IAM) members.

Boeing Co. from the US and the International Association of Machinists and Aerospace Workers (IAM) started negotiations again for a new collective bargaining agreement, as reported by Barron's.

According to sources familiar with the matter, Google, a subsidiary of Alphabet Inc., has reportedly agreed to pay around $2.7 billion to AI startup Character.AI for the rights to use…

Ted Colbert, president and CEO of Boeing Defence, Space & Security, is set to resign, as reported by ABC News.

Volkswagen has informed the majority of its German employees represented by the IG Metall union that several labor agreements, including a job retention program until 2029, will be terminated by…

Starbucks Corp. will pay over $100 million for hiring Brian Niccol as CEO.

French bank SocGen sells units for personal banking services in Britain and Switzerland for €900 million.

According to a Citigroup Inc. declaration cited by the Financial Times, Viswas Raghavan, the head of banking at Citigroup Inc., will be compensated with shares of the firm worth over…

MarketWatch reports that Jensen Huang, the CEO of the American chipmaker Nvidia Corp., sold 1.3 million shares of the business for a total of around $169 million in June.

Following current CEO Noel Quinn's intention to step down, British bank HSBC Holdings Plc has begun looking for a new CEO and is considering choosing a new leader from a…

The Wall Street Journal writes that Walmart Inc., the biggest retailer in the United States, is laying off hundreds of corporate staff members.

According to a survey by consulting firm Equilar, chiefs of the top U.S. corporations received record-breaking median salary in 2023—an increase of 11.4% to $23.7 million.

The company reported that Wael Sawan made a total of 7.94 million pounds ($10.1 million) in his first year as Shell's CEO.

Board of directors of the US pharmaceutical giant AbbVie voted in favor of elevating Robert Michael, current president and chief operations officer, to the position of CEO.

According to Bloomberg, which cites an internal company document, International Business Machines Corp. (IBM) has mandated that its managers in the United States resume working in offices.

US bank JPMorgan Chase & Co announced senior management changes and a corporate reorganization.

According to the regulator's press office, Stefan Walter will take over as chairman of the Swiss Financial Market Supervisory Authority (FINMA) on April 1, 2024.

The local branch of the US company Amazon.com Inc. that handles warehouse management has been penalized €32 million by the French data privacy authority CNIL for "excessive intrusion" into the…

Ford announced that it will be laying off workers who make the electric pickup vehicles, known as the F-150 Lightning. Approximately 1,400 employees will be impacted by the decision, which…

According to a press release from BP, Bernard Looney, who left the company in September, would receive less money from his previous employer than he is due—roughly 32.4 million pounds…

Zuckerberg sold Meta stock for the first time in two years. The business owner received over $185 million for 682,000 securities.

According to the Financial Times, one of Australia's biggest banks, ANZ, has informed its employees that if they work fewer than half of their hours in the office, their bonus…

According to Bloomberg, billionaire Jack Ma declined to sell Alibaba shares after their value dropped by 10%.

According to MarketWatch, which cites the credit organization's statement, American bank Citigroup Inc. has informed staff members about "a new layer of changes" within the framework of business reorganization.

Within the company’s wide cost-cutting initiative, Amazon.com Inc. intends to lay off several hundred employees in the division responsible for developing the voice assistant Alexa.

Early in November, Lip-Bu Tan, Director of US semiconductor manufacturer Intel Corp., purchased 66,000 shares of the business for around $2.5 million, according to papers the company filed with the…

Renault Group and Nissan Motor Corp. announced in a joint statement that they have completed the process of forging a new-format partnership.

Jamie Dimon, the chief executive of JPMorgan Chase & Co., and his family intend to sell one million shares of the bank to diversify their assets and prepare for taxes.

This year, major US banks, except for JPMorgan Chase & Co., have been steadily reducing staff.

U.S. Qualcomm Inc., one of the biggest producers of semiconductor components worldwide, plans to eliminate certain jobs in California in order to reduce 2.5% of its staff, reports MarketWatch.

According to regulatory documents, Gina Rinehart, the richest woman in Australia, increased her investment in lithium producer Liontown Resources Ltd. last month from 8% to 14.67%.

Blue Origin's current CEO, Bob Smith, will step down and be succeeded as CEO by Dave Limp, the former vice president of Amazon.com Inc., according to CNBC.

The largest fast-food restaurant company in the world, US McDonald's Corp., has announced the first price hike for franchise owners in the US and Canada in 30 years, according to…

The Wall Street Journal reports that American bank Goldman Sachs Group is establishing a section of sports investments under its investment banking business.

Citigroup Inc. will fundamentally alter its organizational structure in order to simplify operations and connect the management structure with the bank's business plan.

American retailer Macy's Inc. named Olivier Bron as the head of its department store affiliate Bloomingdale's, reports MarketWatch.

The Australian Arbitration Commission on Labor Relations (FWC) will be contacted by Chevron Australia, a subsidiary of the American Chevron Corp., to request intervention in the Gorgon and Wheatstone LNG…

This month, US bank Morgan Stanley will introduce a chatbot powered by artificial intelligence to support wealthy clients.

Michael Burry, who is known for foreseeing both the US mortgage crisis and the global financial crisis of 2008, is once more forecasting a market catastrophe in the near future.

Alex Chriss has been appointed President and CEO of PayPal.

Elon Musk revealed the letter X on a black background as a potential future design.

By the end of 2023, the company expects to incur losses totaling €225 million, according to the Handelsblatt newspaper.

Deutsche Bank, the largest bank in Germany, aims to reduce 10% of its 17,000-person private banking workforce in the country, according to Reuters.

Following an inquiry into the disclosure of private Australian government information, PwC Australia announced resignation of two members of the board of directors. Additionally, it has put nine of the…

According to Bloomberg, Zuckerberg's net worth rose by $44 billion this year.

The pace of US company employees going back to work slowed in the first quarter, reports Scoop Technologies, a company that creates and sells office software, quoted by The Wall…

Senior managers' pay at the biggest American corporations decreased for the first time in a decade. The total remuneration of 16 CEOs was less than $5 million.

Swedish automaker Volvo Cars announced that it will eliminate about 1,300 office jobs in Sweden as part of a cost-cutting plan.