DAVOS, Switzerland (Reuters) – Oleg Deripaska will remain as UC RUSAL’s chief executive after losing majority control of the indebted aluminum giant in a $2.2 billion IPO, he said in an interview cleared for publication on Monday.
(ChinaPost.com.tw) – The global airline industry will take at least three years to recover after the worst recession in six decades hurt travel demand, said Giovanni Bisignani, chief executive of the International Air Transport Association.
HONG KONG (Reuters) – HSBC Holdings is happy with its stake in Bank of Communications as its primary investment vehicle in China, HSBC’s chief executive said on Monday.
PricewaterhouseCoopers report calls for a measured response to allow the banking industry to play its part in the economy Senior bankers are complaining that political interference is the biggest risk facing their industry despite the billions of pounds of taxpayer money being used to prop up the banking system.Stephen Hester, chief executive of Royal Bank [...]
Crozier is the latest broadcasting boss who made his name in advertising or marketingThe US drama Mad Men has made celebrities of a fictional group of advertising men, but on this side of the Atlantic real-life ad execs are emerging as the TV industry’s off-screen stars. The appointment of Adam Crozier, the former [...]
ITV’s new chief Adam Crozier could earn incentives worth almost £3m a year over the next five years for turning around the ailing broadcasterITV’s new chief executive, Adam Crozier, is in line for a pay packet of more than £14m over the next five years if he can turn around the ailing broadcaster’s fortunes.Crozier, whose [...]
• GlaxoSmithKline expected to announce thousands of job cuts• Drug-maker likely to shrink workforce in Europe and US while continuing drive into Asia• Analysts predict firm will report pre-tax profits of £8.7bnDrug-maker GlaxoSmithKline is expected to announce thousands of job losses alongside its annual results this week, in the latest wave of a £1.7bn cost-cutting [...]
Crozier may not know much about television, but he and Norman deserve the benefit of the doubtUnkind observers see the appointment of Adam Crozier as chief executive of ITV as an extraordinary one: in the eyes of his critics, he has neither show nor business. Their view is that it is a crude matter of [...]
Profile: the former Aer Lingus tough guy has shown an increasing tendency to take court action against opponentsWILLIE WALSH, British Airways’s chief executive, knows how to deal with loss-making carriers struggling to emerge from state ownership.When he was boss of Ireland’s then government-controlled Aer Lingus, he cut 2,500 jobs, ensuring the airline’s survival and establishing [...]
Group wants the ITV network to demerge production arm and sell or float itITV faces a break-up threat from rebel shareholders who want it to demerge its programme-making arm from its broadcasting business as part of an audacious bid to extract value for City investors.The rebels, which include American stakeholder Fidelity, have presented their proposals [...]