Sunday, December 22

Tag: Management

Mary Barra Spent a Decade Transforming GM. It Hasn’t Been Enough.
16Dec By adminNo Comments
World

Mary Barra Spent a Decade Transforming GM. It Hasn’t Been Enough.

Updated Dec. 16, 2023 12:04 am ETListen to article(2 minutes)At a 2018 meeting with a senior General Motors team, Chief Executive Mary Barra stunned the room with a sharp U-turn. She killed plans for a new high-end Cadillac that already had gushing reviews from the automotive press. Her reason: the car’s gas-guzzling V-8 engine. Barra, deep into her quest to turn GM into an electric-car powerhouse, decided it would send the wrong message to showcase another splashy Cadillac—the GM brand known for innovation—that leans on fossil-fuel technology. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Activision Blizzard to Pay Around $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover
15Dec By adminNo Comments
Technology

Activision Blizzard to Pay Around $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover

Activision Blizzard has agreed to pay about $50 million to settle a high-profile lawsuit by a California regulator that helped spur Microsoft’s October takeover of the videogame company, according to people familiar with the matter.California’s Civil Rights Department sued Activision in mid-2021, alleging its leadership ignored numerous employee complaints of sexual harassment, discrimination and pay disparity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Entain CEO Jette Nygaard-Andersen Steps Down
13Dec By adminNo Comments
World

Entain CEO Jette Nygaard-Andersen Steps Down

Entain said Wednesday that Chief Executive Officer Jette Nygaard-Andersen will step down from the group with immediate effect and be replaced by nonexecutive Director Stella David on an interim basis.The FTSE 100 betting-and-gambling group said David will remain in the role until a full-time replacement has been found.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hasbro Layoffs: Toy Company to Cut Nearly 20% of Workforce
11Dec By adminNo Comments
World

Hasbro Layoffs: Toy Company to Cut Nearly 20% of Workforce

Updated Dec. 11, 2023 5:37 pm ETHasbro is cutting nearly 20% of its workforce as weak sales for toys and games persist into the critical holiday shopping period. The maker of Transformers action figures, the Dungeons & Dragons fantasy game and Monopoly will cut about 1,100 jobs, on top of 800 layoffs earlier this year, Chief Executive Chris Cocks said Monday in a memo to employees viewed by The Wall Street Journal. Hasbro reported having about 6,500 employees as of the end of 2022.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Facebook and Instagram Steer Predators to Children, New Mexico Attorney General Alleges in Lawsuit
11Dec By adminNo Comments
Technology

Facebook and Instagram Steer Predators to Children, New Mexico Attorney General Alleges in Lawsuit

Updated Dec. 6, 2023 12:51 pm ETFacebook and Instagram recommend sexual content to underage users and promote minors’ accounts to apparent child predators, the state of New Mexico alleges in a lawsuit against parent company Meta Platforms and its CEO.The civil lawsuit, filed Tuesday in New Mexico state court, alleges that “Meta has allowed Facebook and Instagram to become a marketplace for predators in search of children upon whom to prey.” It also claims that Meta has failed to implement protections against usage by children below the age of 13 and has targeted the age-related vulnerabilities of children in the interest of increasing its advertising revenue. The suit says Chief Executive Mark Zuckerberg is personally responsible for product decisions that aggravated risks to children on ...
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Vice Media CMO Steps Down to Lead Public Affairs and Marketing Firm
11Dec By adminNo Comments
World

Vice Media CMO Steps Down to Lead Public Affairs and Marketing Firm

Updated Dec. 11, 2023 10:39 am ETVice Media Group Chief Marketing Officer Nadja Bellan-White will leave the company in mid-December to accept a role as chief executive of SS+K, a marketing and public affairs firm based in New York.Bellan-White will be the first person to hold the CEO title at SS+K, whose clients have included social-media company Meta Platforms, the Democratic National Committee and President Biden’s inaugural committee, according to the agency. She will report to co-founders and partners Lenny Stern and Rob Shepardson, with all senior managers reporting to Bellan-White.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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WSJ’s CEO Council Summit to Feature Janet Yellen, Joe Manchin, Mike Johnson and Hakeem Jeffries
11Dec By adminNo Comments
World

WSJ’s CEO Council Summit to Feature Janet Yellen, Joe Manchin, Mike Johnson and Hakeem Jeffries

The Wall Street Journal will convene its annual WSJ CEO Council Summit in Washington, D.C., on Monday, to discuss the global forces influencing business, policy and the economy.The event, which will include interviews with several members of Congress, Michigan Gov. Gretchen Whitmer, and CEOs such as Chevron’s Mike Wirth, will generate critical insights and set expectations for the new year, just weeks ahead of the 2024 presidential primaries.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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BOJ Should Raise Interest Rates Before Next Summer, Suntory CEO Says
11Dec By adminNo Comments
World

BOJ Should Raise Interest Rates Before Next Summer, Suntory CEO Says

TOKYO—Takeshi Niinami, chief executive of beverage maker Suntory Holdings and the head of a Japanese business lobby, called on the Bank of Japan to raise interest rates, saying it would help boost the Japanese economy’s productivity and competitiveness.If the Bank of Japan raises interest rates, “the Japanese business community would be ready—which means they should raise interest rates, both long and short,” Niinami said in an interview with The Wall Street Journal on Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Boeing Reveals the Frontrunner to Be Its Next CEO
11Dec By adminNo Comments
World

Boeing Reveals the Frontrunner to Be Its Next CEO

Dec. 10, 2023 11:17 pm ETBoeing is elevating Stephanie Pope to become its No. 2 executive, setting her up as the heir apparent to Chief Executive David Calhoun as the planemaker prepares for its next leadership transition.Pope, who heads Boeing’s services arm, is expected to be named chief operating officer as soon as Monday, according to people familiar with the matter. The three-decade Boeing veteran beat out other top executives for the role.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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