CEO Explainers

According to the Asian Development Bank (ADB), the Philippines is expected to meet its economic growth target for this year, supported by decreasing inflation and anticipated interest rate cuts. However, projections for next year indicate that the growth might not fully align with the government's objectives. In its recently published...

As of January 2024, internet connectivity in Latin America and the Caribbean has seen remarkable growth, with over 90% of residents in the Bahamas, Costa Rica, Antigua & Barbuda, and Chile being online, placing these countries at the forefront of internet access in the region. Similarly, more than 85% of...

In Australia, casinos play a crucial role in driving economic growth and wealth distribution. These gambling establishments, both online and physical, significantly contribute to the national Gross Domestic Product (GDP) and create numerous job opportunities across the country. Casinos attract millions of visitors annually, who not only spend money at...

Mitsubishi UFJ Financial Group Inc. (MUFG), Japan's largest banking group, announced that its top executives would take pay cuts in an effort to regain client trust after breaching information firewalls. The move comes as part of the bank's response to regulatory penalties and lost business resulting from the violations. Hironori...

Brian Lesser, a seasoned Madison Avenue executive with extensive experience in senior media-investment roles, has been appointed as the global CEO of WPP's GroupM media firm. This position is highly influential in managing the flow of advertisers' funds. Lesser replaces Christian Juhl, who, after five years as CEO, will transition...

At a climate change conference in Pretoria organized by the National Treasury and the World Bank, South African President Cyril Ramaphosa said that the Carbon Border Adjustment Mechanism (CBAM) could significantly impact developing economies unless they transition swiftly from fossil fuels to green energy. Ramaphosa highlighted the unsustainable carbon intensity...

LVMH has announced significant changes in its watch division leadership. Julien Tornare, currently the head of TAG Heuer, will take over as CEO of Hublot, a brand known for its bold designs and high-profile collaborations with athletes and artists like Usain Bolt, Kylian Mbappé, and Daniel Arsham. Ricardo Guadalupe, the...

Flashlight Capital Partners, a KT&G shareholder, has called for a revision of the CEO compensation plan to address the company's stock price performance. Flashlight Managing Partner Capital Sanghyun Lee criticized KT&G's former CEO for receiving substantial compensation despite a 21% decline in KT&G's stock price, while the KOSPI (The Korea...

Five Below announced Tuesday that its CEO and President, Joel Anderson, has resigned as the discount retailer faces declining sales and other challenges. The Philadelphia-based company, which caters to teens, has been grappling with reduced spending by lower-income shoppers and increasing theft. Consequently, it has also lowered its financial outlook...

Turkey could significantly boost its foreign direct investment (FDI) inflows if it aligns its risk indicators and regulatory framework with those of its competitors, according to YASED's FDI Competitiveness Index. YASED's projections suggest that such alignment could place Turkey among the top 10. According to YASED's FDI Competitiveness Index, Turkey...