The world's largest advertising holding, the British company WPP, announced beginning of an investigation into the possible unlawful conduct of its permanent head Martin Sorrell. In particular, invited lawyers should check whether there are grounds for accusing Mr. Sorrell of misuse of WPP assets...

There are reports of the Deutsche Bank’s hunt for a new chief executive in pacify the investors. Paul Achleitner, the chairman of Deutsche Bank is seeing Juerg Zeltner, the ex-head of the “wealth management business of Swiss bank UBS”, as a candidate for taking the place of C.E.O after John Cryan....

On Thursday, 29 March 2018, Nokia announced its decision that this year it would slash down “353 jobs” in Finland, “its home market”. The said step is the result of a “weak global network market”, while this move also falls under “its global cost-savings plan”.   Initially, the company had...

The CFO of Daimler breaks the news that two carmakers of luxury brands of Germany are coming together to create a new division eyeing a place as a global player in the sector. BMW joins in with Daimler for a new division of “mobility services” which has aim of becoming a world player through...

Former employees of the investment bank Goldman Sachs already hold positions in central banks around the world. Yet, they are not going to stop there and goes further. Now former employees of Goldman Sachs are trying to take places in governments of various countries. For example, today it became...

Li Ka-shing, the richest man in Hong Kong, announced his resignation. He officially handed the reins of his $ 100-billion business empire to his oldest son Victor Li. 89-year-old chairman of the board of CK Hutchison Holdings Ltd. and CK Asset Holdings Ltd. will remain an adviser to the group after...

CEO of Blackstone investment company, Stephen Allen Schwarzman, earned at least $ 800 million last year. This is one of the biggest awards received by a head of a public companies, and this highlights the restoration of the financial sector after the crisis. Probably, Schwarzman 's income exceeded...

Maturing Pinterest hires its chief operational officer to manage its global operation as it nears its IPO. Pinterest, an image-based “searching and sharing website”, revealed that on Tuesday, February 27, 2018, the company has hired Francoise Brougher as its C.O.O.   Brougher formerly held...

The scene of the takeoff of a giant rocket in a fireball, the soft landing of vertically landing rocket boosters, and finally the pictures of a Tesla sports car hovering in space with a mannequin in a spacesuit behind the wheel and David Bowie's "Space Oddity" as an accompaniment... Successful and...