archiveEconomics Insider

Regulators have imposed $136 million in fines on Citigroup for failing to rectify persistent deficiencies in its controls and risk management, posing a significant challenge for CEO Jane Fraser as she works to overhaul the major New York bank. The Federal Reserve and the Office of the Comptroller of the...

Pre-COVID-19 and workplace perks were different. In essence, perks were a benefit or bonus of employment, directly connected to the business or industry and intrinsically linked to employee motivations. Work in a hair salon and receive haircuts, and if you have a passion for foreign countries and cultures, a job...

According to PwC's 27th Annual CEO Survey, Environmental, Social, and Governance (ESG) issues remain a top priority for organizations, driven by increased regulations and pressures from consumers and reputations. Companies are investing in ESG strategies and policies to encourage desired behaviors, boost engagement, and attract and retain talent. However, despite...

European destinations are proving popular among billionaires this summer. Jeff Bezos and Mark Zuckerberg have embarked on lavish yacht holidays, while Bernard Arnault and Elon Musk are set to attend the Olympics and Burning Man festival. Two weeks ago, Jeff Bezos and his fiancée, Lauren Sanchez, were seen touring Greece...

Mergers and acquisitions (M&A) are transformative business activities that can drive growth and enhance competitive positioning. However, these deals are complex and require careful planning and execution.   If you're a CEO or decision-maker, you must understand the legal intricacies of managing an M&A deal to ensure its success. This article...

UnionBank of the Philippines, under the control of the billionaire Aboitiz family, has appointed Ana Maria Aboitiz Delgado as its President and CEO, effective January 2025. This move aims to expand the bank's retail banking presence nationwide. Delgado, a fifth-generation member of the Aboitiz family and daughter of the late...

The EUROJET Consortium has announced the appointment of Ralf Breiling as the new Chief Executive Officer of EUROJET Turbo GmbH, effective July 1, 2024. Breiling, who will take over from the retiring Gerhard Bähr, brings over 30 years of experience in the aerospace industry. The EUROJET consortium, responsible for managing...

Shareholder support for the reappointment of SoftBank Group Chief Executive Masayoshi Son has dropped significantly, from 95.93% last year to 79.22%, according to a stock market filing on Tuesday. This decline follows a recommendation from proxy advisor Institutional Shareholder Services (ISS) against Son's reappointment. ISS Recommendation and Reasons ISS opposed...

Tea brand Chagee has appointed Lawrence Wen as its new Chief Executive Officer in Singapore, according to a LinkedIn post by Wen. "With more than 5,000 stores globally, I am excited to reintroduce Chagee's modern tea beverages to Singapore with a new retail design," Wen announced. Expansion Plans and New...

I’m driven by change - whether that’s transforming a business or my role within that organization. There is no reason for anyone to leave a company in a hurry. But if you want change in your own career, want to move cultures and businesses to greater heights, then take my...