Ulrich Spiesshofer, ABB’s CEO since 2013, has agreed with the board to step down. On Wednesday, ABB stated, it has appointed its Chairman Peter Voser as its interim chief executive following the stepping down of its CEO Ulrich Spiesshofer. In… Read More ›
French industry tycoons have come forward to generously pledge funds for rebuilding the Notre Dame Cathedral, one of the most famous landmarks in Paris which regularly draw nearly 13 million visitors a year. On Tuesday, Patrick Pouyanne, the Chief Executive… Read More ›
The development comes at a time when Caesars Entertainment has come under increasing pressure from activist investor Carl Icahn. On Tuesday, U.S. casino operator Caesars Entertainment Corp, which has been under pressure from activist investor Carl Icahn to sell itself,… Read More ›
Judge Robert Jay told the entire jury that their services are no longer required. In a landmark case revolving around fraudulent transactions perpetuated by four former Barclays executives who had been accused of paying Qatar undisclosed fees to help rescue… Read More ›
The 30% hike is reflective of Tidjane Thiam’s stewardship of the bank and was contingent on meeting a number of targets. On Friday, Credit Suisse’s annual report showed, that it has awarded its Chief Executive Tidjane Thiam a compensation of… Read More ›
Here’s why it does not make any sense to partner with China’s Huawei, as explained lucidly by AT&T Inc’s Chief Executive Randall Stephenson. Randall Stephenson, AT&T Inc’s Chief Executive has disclosed, once you partner with China’s Huawei Technologies Co, it… Read More ›
In what is the biggest ever hack of a hotel reservation system to date, hackers had managed to breach Starwood hotels’ reservation system and managed to steal personal information, including passport and credit card numbers of 383 million customers. Arne… Read More ›
Goldman Sachs is yet to disclose who will be replacing Ken Hitchner as the chairman and chief executive officer of Goldman Sachs Group Inc for the Asia-Pacific region excluding Japan. A Bloomberg report citing sources familiar with the knowledge at… Read More ›
The planned meeting is aimed at renewing and strengthening the bonds of the alliance. On Tuesday, Japanese automaker Nissan stated, Renault’s chairman is slated to meet its CEO later this week in Japan. The development comes as both automakers are… Read More ›
Susanne Schaffert will be replacing Liz Barrett who will return to the U.S. to head a U.S. biotech firm. Swiss pharmaceutical giant Novartis has stated, it has appointed Susanne Schaffert, a veteran, as the head of its oncology business. She… Read More ›
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