corporate-governance
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Ig Metall Questions Vw Plant in China’s Xinjiang Province
Date: June 17, 2022
BERLIN (Reuters) – The leader of Germany’s powerful IG Metall trade union, who sits on the supervisory board of Volkswagen, has questioned whether it is in the carmaker’s interests to continue to operate a plant in China’s Xinjiang region. The United States, Britain and other countries called this month for the International Labour Organization to...
Elon Musk’s SpaceX Fires at Least Five Over Critical Letter
Date: June 17, 2022
By Joey Roulette and Eric M. Johnson (Reuters) -Private rocket company SpaceX fired at least five employees after it found they had drafted and circulated a letter criticizing founder Elon Musk and urging executives to make the firm’s culture more inclusive, two people familiar with the matter said. SpaceX did not immediately respond to a...
Santander Appoints Grisi as New CEO to Oversee Growth, Digital Push
Date: June 17, 2022
By Jesús Aguado MADRID (Reuters) -Spain’s Santander named Hector Grisi as its new chief executive officer to oversee the bank’s digital transformation and growth strategy through the global economic uncertainty that is rattling the whole industry. Former investment banker Grisi, 55, who helped make the bank’s U.S. business its most profitable last year, will take...
Factbox: Companies Sell Their Businesses in Russia
Date: June 17, 2022
(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. The moves, part of a broader corporate exodus from the country, are...
Qualcomm Wins Fight Against $1 Billion EU Antitrust Fine
Date: June 15, 2022
By Foo Yun Chee LUXEMBOURG (Reuters) -U.S. chipmaker Qualcomm on Wednesday won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech. The European Commission in its 2018 decision said Qualcomm paid billions...
U.N. Campaign Toughens Standards for Company Net-Zero Plans
Date: June 15, 2022
By Simon Jessop and Tommy Wilkes LONDON (Reuters) – A U.N.-backed campaign to drive faster climate action is toughening the minimum standards for companies pledging to cut greenhouse gas emissions, including a requirement for businesses and banks to curb new fossil fuel projects. The updated criteria issued on Wednesday by the ‘Race to Zero’ campaign...