Telegram chief executive Pavel Durov has been arrested by French police at an airport north of Paris. Mr Durov was detained after his private jet had landed at Le Bourget Airport, French media reported. According to officials the 39-year-old had been arrested under a warrant for offences related to the popular messaging app. Russia’s embassy
Laurent Freixe will be taking over the position of CEO at Nestle. (Photo: Reuters) Nestle has struggled recently, last month cutting its full year sales outlook, saying it had had to slow its price hikes as cash-strapped customers become more price conscious. Nestle is replacing Chief Executive Mark Schneider with long-serving executive Laurent Freixe, the company said on Thursday,
Curated By: Business Desk Last Updated: August 21, 2024, 10:49 IST Raveendran explained a temporary stay of the ongoing bankruptcy. Raveendran used the opportunity to refute claims that he is neglecting his legal responsibilities vehemently. Byju Raveendran, founder and CEO of troubled education provider Byju’s, has reached out to employees and promised a speedy resolution
Morgan Stanley executive James P. Gorman will chair the succession planning committee tasked with finding and vetting Walt Disney Co.’s next chief executive, the company said Wednesday. Gorman, who joined Disney’s board of directors earlier this year, has previous experience in succession planning and chaired the process at Morgan Stanley, Disney said in a statement.
Last Updated: August 03, 2024, 12:00 IST The platform is now asking Microsoft and other tech companies to use its content Reddit is making drastic changes to its content scraping policy which means most tech companies have to pay to its content. Reddit CEO Steve Huffman has announced the end of the free data scraping
Starbucks announced that Brian Niccol will take over as its Chairman and CEO. (Image: AFP) Niccol will have an annual cash incentive opportunity at a target of 225% of his base salary and a maximum of 450% of base salary. Starbucks’ incoming CEO could make well in excess of $100 million in his first year
Last Updated: August 21, 2024, 12:15 IST Starbucks (Representative Image) According to Starbucks’ hybrid work guidelines, Niccol will still be required to work from the Seattle office three days a week when he is not traveling Brian Niccol, the newly appointed CEO of Starbucks Corp., will not be compelled to relocate to the company’s headquarters
Last Updated: August 20, 2024, 11:33 IST He emphasised that their line of work—designing and producing physical goods—requires a degree of teamwork He emphasised that their line of work—designing and producing physical goods—requires a degree of teamwork that is difficult to accomplish from a distance. In an effort to grow further, British startup Nothing is
The Goya Foods CEO has slammed Vice President Kamala Harris’ economic proposals, claiming that the government has ‘no business’ controlling grocery prices. Bob Unanue, who heads the largest Hispanic-owned food company in the US, said that grocery businesses would go bust under her proposals. On Friday, Harris gave her first policy address as the Democratic
Steward Health Care System CEO Dr. Ralph de la Torre was reportedly paid out at least $250 million over the past four years – while the hospital chain collapsed. Steward, which operates 30 hospitals across eight states, filed for bankruptcy in May, drawing government scrutiny. The payouts to its chief exec, first reported by The Wall Street