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Relationship With Employee Forces Ouster Of Intel CEO Brian Krzanich

Following the revelation of a consensual relationship with an employee and the company become aware of the relationship, the chief executive of Intel - Brian Krzanich is set to resign.   The alleged relationship was made against the non-fraternization policy of the company, said Intel which...

Reduction Of Musk’s Pay, Overhaul Of Tesla Board Sought In A Shareholder Lawsuit

A law suit filed against founder, CEO and chairman of Tesla Inc Elon Musk and the board of the company has claimed that in order to better protect the interests of the shareholders and the investors in the electric car making company, the multi-billion dollar compensation package for Musk should be...

Survey Says Sexual Harassment Faced By 68% Of Flight Attendants

A survey by the Association of Flight Attendants has claimed that most flight attendants have to face incidents of sexual harassment by passengers.   At least 68% of flight attendants have had to face incidents of sexual harassment during their flying careers, found the survey which is the...

Sales Shake-Up And Leaner Structure Unveiled By Airbus

Including a shift in the reporting line for its key commercial sales team to group CEO Tom Enders, Airbus completed a recent merger between its parent company and its dominant planemaking arm, as the company rolled out a leaner new structure on Monday.   The potential about a possible power...

No rookie mistake! 5 Hints for new CFOs

The vast majority of respondents in a commercial environment look upon CFO as one of the most influential people in the directorship of any enterprise. Often, he is even seen as the second most influential person. At first glance, it seems that such a position is a tidbit.

Zukerberg’s Control Sought to be Curbed by Facebook’s Board in the Eventuality of his Departure

To enable the smooth running of the company’s affairs in the eventuality of the social media giant Facebook’s chief executive and founder, Mark Zuckerberg, deciding to exit management at some point in future, the company’s board has proposed removing Mark Zuckerberg's majority voting control....

New York Fed Feared Similar Cyber Heists Even Before Massive Bangladesh Bank Heist

Senior Fed security officials examined the risk of a large cyber attack - but judged the prospect unlikely in the years before hackers stole $81 million from a Bangladesh central bank account at the Federal Reserve Bank of New York, reports Reuters.   According to interviews with seven...

Google’s cloud business set to grow significantly this year

Google’s cloud business under Diane Greene has gained significant traction. Google Inc. has achieved an important milestone as far as its cloud-services are concerned, it has managed to convince corporate clients, including Home Depot to move some of its data on its servers.   Flagged...

Bangladesh Bank preparing legal grounds to sue the Federal Reserve Bank of New York

With Carolyn Maloney, a NY democrat raising questions over the perceived missteps of the NY Fed Bank, the issue is slowly gathering political traction. In the wake of hackers stealing $81 million from Bangladesh's central bank, as per an internal report from Bangladesh Bank, it has hired a U.S....

Toonz Animation software goes open source

The software is used extensively in the animation film industry. Even legendary Japanese film maker Hayao Miyazaki has used it. Its now open source. Although you may have never heard of Toonz animation software, but its very likely that you may have come across its work.   Even if you...

Activist investor William Ackman joins Valeant’s board

Valeant’s former CEO Michael Pearson will be stepping down. Ackman has appointed a proxy on the board and has said he will work with the company more closely. On its part, Valeant has said it is on track to meet its 2016 earnings target. Embattled Canadian drug manufacturer Valeant Pharmaceuticals...

Broad based exemptions to drone pilots could lead to emergency situations

Although private drone operators have signed up in droves to help during emergencies, their broad based exemptions provided by the FAA can lead to potentially critical situations. Although civilian drone operators tend to cause many emergency situations, in a twist of fate, it turns out many are...
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