In a statement FedEx Corp said, it has named Raj Subramaniam, its operating chief, as its new CEO with effect from June 1, 2022. Subramaniam will succeed FedEx founder Fred Smith, who started the global delivery conglomerate in the 1970’s. Subramaniam,… Read More ›
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Deutsche Bank CEO Christian Sewing willing to give up oversight of investment bank
On Friday, in a move that is likely to reassure regulators, Deutsche Bank CEO Christian Sewing said, Deutsche Bank is willing to give up his role of overseeing the investment bank in the foreseeable future. Deutsche Bank, Germany’s biggest bank,… Read More ›
Blackstone Group LP in advanced talks to acquire Thomson Reuters’ F&R business for more than $17 billion
Thomson Reuters’ Financial and Risk business accounts for more than 50% of the group’s total revenues. As per 3 sources familiar with the matter at hand, Blackstone Group LP, a private equity firm, is in advanced talks to With Thomson… Read More ›
Travis Kalanick, Uber’s CEO takes undefined leave of absence midst sweeping financial & management reforms
The scandal-ridden company is on the verge of turning a new leaf. It would be interesting to see how this change of management will impact its case with Waymo. On Tuesday, Travis Kalanick, Uber Technologies Inc’s CEO told employees he… Read More ›
Harvard Management Co to outsource most endowment management
Harvard Management Co oversees the United States’ largest endowment. The Wall Street Journal has reported citing sources familiar with the matter at hand that Harvard University’s investment arm is likely to outsource the management of its $35.7 billion endowment and… Read More ›