MNGISS
Tesla’s governance autopilot heads for disaster
NEW YORK, May 17 (Reuters Breakingviews) – Portraying a CEO as a father figure is one way to tell there’s a lack of judicious oversight. Backing the company’s board despite obvious shortcomings is another. Tesla shareholders did both on Tuesday, with one of them playing the part of boss Elon Musk’s “son,” a robot the …
Pernod Ricard India CEO Cuny steps down due to health reasons
NEW DELHI, Oct 14 (Reuters) – Pernod Ricard’s (PERP.PA) India head, Thibault Cuny, has stepped down from his role due to health reasons, the French spirits giant said on Friday, marking a high-profile exit at a time the company is fighting regulatory and legal battles in the country. Cuny, who has been dealing with health …
GameStop’s Cohen takes stake in Bed Bath & Beyond, pushes for changes
An exterior view shows a Bed Bath & Beyond store in Novi, Michigan, U.S., January 29, 2021. REUTERS/Emily Elconin Register now for FREE unlimited access to Reuters.com Register March 7 (Reuters) – Billionaire investor Ryan Cohen said on Sunday he now owns nearly 10% of Bed Bath & Beyond (BBBY.O) and wants the housewares retailer …
Brazil government appoints Rodolfo Landim to chair Petrobras board
The Petrobras logo is seen in front of the company’s headquarters in Sao Paulo April 23, 2015. REUTERS/Paulo Whitaker Register now for FREE unlimited access to Reuters.com Register HOUSTON, March 5 (Reuters) – Brazil’s government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer’s board, the company said in a filing …
Former Ghosn deputy set for U.S. return after suspended sentence
Greg Kelly, former executive of Nissan Motor Co., walks in to the Tokyo District Court, in Tokyo, Japan, March 3, 2022. Zhang Xiaoyu/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register TOKYO, March 3 (Reuters) – A Tokyo court on Thursday handed former Nissan Motor executive Greg Kelly a six-month suspended sentence …
Investors call for ethical approach to facial recognition technology
Visitors check their phones behind the screens advertising facial recognition software during Global Mobile Internet Conference at the National Convention in Beijing, China April 27, 2018. REUTERS/Damir Sagolj A group of 50 investors managing more than $4.5 trillion in assets is calling on companies involved in the development and use of facial recognition technology, such …
New coral reef restoration technology aims to reverse climate change damage
Marine scientist Deborah Brosnan remembers “feeling like a visitor at an amazing party” on her diving trips to a bay near the Caribbean island of Saint Barthelemy where she swam above coral reefs with nurse sharks, sea turtles and countless colorful fish. But on a return trip after Hurricane Irma ravaged the island in 2017, …
BMO investment arm sold Microsoft over U.S. Army headset deal
A Microsoft logo is seen on an office building in New York City, U.S. on July 28, 2015. REUTERS/Mike Segar/File Photo A responsible-investment arm of Canada’s Bank of Montreal (BMO.TO) sold roughly $275 million worth of Microsoft Corp (MSFT.O) shares because of the company’s recent U.S. Army contract for augmented reality headsets, a bank spokesman …
Apple says ‘Chaos Monkeys’ author hired in ads business has left company
Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes Apple Inc (AAPL.O) on Wednesday said Antonio García Martínez, a former Facebook Inc (FB.O) product manager who joined Apple recently to work in its advertising business, is no longer with the company. García Martínez, …
Alibaba freezes executive pay amid China’s curbs on big tech -sources
Chinese e-commerce giant Alibaba Group Holding has frozen pay for senior executives in 2021 and is instead giving junior staff bigger salary increases, sources said, in an effort to preserve its workforce amid a regulatory clampdown. Hundreds of top-tier executives at Alibaba are not entitled to salary hikes this year, unless they performed extraordinarily, four …
