Management & Strategy
Forbes: Donald Trump doubles his fortune in a year - 04/02/2025
According to Forbes, the net worth of US President Donald Trump doubled in 2024, increasing from $2.3 billion to $5.1 billion. As stated in the report, his successful investment in cryptocurrency enabled him to grow the fortune. The primary component of Mr. Trump's wealth is the Trump Media and Technology Group, which is valued at $2.3 billion according to Forbes estimates. A considerable portion...
British Steel to lay off more than 2,000 employees - 03/28/2025
British Steel company may close two plants in the town of Scunthorpe in June this year, which could lead to the dismissal of more than 2 thousand employees, writes the Financial Times. In total, the company employs about 4.5 thousand people. Earlier British Steel, owned by the Chinese Jingye Group, failed to reach an agreement with the UK government to provide it with state support, which would...
Brand Finance: Chinese banks remain leaders in bank brands rating - 03/26/2025
According to the annual 2025 report “Brand Finance Banking 500”, four Chinese representatives continue to lead in brand value among global banks. The Industrial & Commercial Bank of China (ICBC) ranks first, with its brand value increasing by 10.1% (reaching $79.1 billion) in the past year. It has been holding the leading position for the ninth year in a row. Next in line is China...
Lip-Bu Tan to become new head of Intel - 03/14/2025
Intel Corp. disclosed selection of Lip-Bu Tan as the new chief executive officer of the company. According to a press release from Intel, he will assume the role on 18 March, succeeding interim CEOs David Zinsner and Michelle Johnston Holthaus. Zinsner will continue as the chief financial officer of the company, whereas Holthaus will stay as the head of Intel Products and serve as executive...
KPMG promotes merger of dozens of national member firms in its global network - 03/11/2025
KPMG management is advocating for the consolidation of numerous national member firms within its global network, believing it will foster business growth and reduce the likelihood of audit scandals, reports the Financial Times, referencing sources. The effort to establish tighter collaboration among firms owned by distinct partners in every country would represent one of the largest...
Mercedes-Benz reaches agreement with labor union on pay cuts and employee layoffs - 03/05/2025
The German car manufacturer Mercedes-Benz has come to an agreement with the employee works council. The firm and the council consented to decrease several payments in return for maintaining job security for the majority of employees until 2034. This is stated by the German media citing the company's press service. Specifically, agreements allow for a halving of the intended salary increases,...
Blue Origin is laying off 10% of its employees - 02/14/2025
Blue Origin, founded by Jeff Bezos, has informed its staff about significant job cuts. As reported by Bloomberg, referencing its internal sources, the workforce will decrease by 10%. Consequently, roughly 1,500 individuals will be left unemployed. On January 16, the aerospace firm executed the initial successful launch of the super-heavy launcher New Glenn, following years of development and...
Dropbox will cut about 20 per cent of its staff - 10/31/2024
The US-based company Dropbox Inc, known for the cloud storage service of the same name, intends to reduce its workforce by roughly 20%. The company stated on the US Securities and Exchange Commission (SEC) website that the measures aim to reorganize the team structure to match long-term growth projects and profitability goals more effectively. The layoffs are expected to cost between $63...
Gorman to head Walt Disney board of directors - 10/22/2024
The company announced that James Gorman has been named as the chairman of the board of directors of Walt Disney Co. of America. He will assume the position from Mark Parker in early 2025. Gorman will lead the board of directors of Morgan Stanley until 2024. He became a member of Disney's Succession Planning Committee in 2024. The committee intends to reveal a new CEO in the beginning of 2026....
Boeing withdraws pay proposal for striking workers - 10/10/2024
The Financial Times reports that U.S. Boeing Co. withdrew its offer to compensate striking International Association of Machinists and Aerospace Workers (IAM) members. In late September, it was announced that discussions on a new collective agreement had been halted indefinitely by the parties involved. Boeing civil aviation segment manager Stephanie Pope informed employees in a letter that the...
