The costs of office-less executives outweigh the benefitsIT IS A tradition of corporate architecture. A company’s top executives get offices on the top floor, often dubbed the C-suite after the “chiefs” who occupy it. The CEO resides in the “corner office”, with the biggest windows and best views. Junior staff suffer a few moments of…
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Will the departure of the veteran works-council bruiser usher in a new era for the German carmaker?“THE MOST powerful man at Volkswagen.” Ferdinand Dudenhöffer of the Centre for Automotive Research, an influential think-tank, was not referring to Herbert Diess, the German company’s boss. Rather, he reserved that title for Bernd Osterloh. In his 16 years…
An Arctic cold blast that swept through the U.S. South in February caused a much bigger loss in oil supply than previously estimated, with output falling to a three-year low, according to U.S. government data.
Cinepolis de Mexico SA, Mexico’s biggest chain of cinemas, has struck a deal with its banks to restructure more than $1 billion of loans and receive $300 million directly into the company, people familiar with the talks said.
AT&T Inc. shareholders voted against the telecom giant’s executive compensation, a symbolic rebuke to a company that reported pay packages of as much as $52.2 million in 2020.
Your Evening Briefing: The Rich Get Richer Under Democrats, Too Bloomberg
Exxon Mobil Corp. is poised to lock out union workers at its Beaumont refinery in Texas on Saturday as contract negotiations with the United Steelworkers have failed to net an agreement.
Jaspreet Rai is desperately trying to do her part for the country she left more than 30 years ago: help its people breathe.
President Joe Biden banned most travel to the U.S. from India beginning Tuesday as the country struggles to combat the worst surge of coronavirus cases in the world. Passengers on airplanes, buses and other forms mass transportation in the U.S. will have to k…
Source: Bloomberg, 07:33