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...Since then, other businesses have moved in or expanded — but none employs the thousands GM did, few jobs are unionised and GM’s $28 an hour wages are a memory....
...Some of them used their financial strength to diversify by takeover into other industries, a practice that was adopted more widely after the war....
...Kerry also insisted that the green momentum among corporations was now unstoppable, despite political backlash....
...Roula Khalaf, editor of the Financial Times This is an unranked list....
...The sales on behalf of the Federal Deposit Insurance Corporation were arranged in a matter of weeks....
...Its market value was greater than its five biggest rivals—Toyota, Volkswagen, Daimler, Ford, and GM—combined....
...“It’s clearly a big source of profitability in the medium term,” he said, citing rival GM’s decision to buy AmeriCredit as a foundation for its lending business, which now gives it a “very strong portfolio...
..., writes Dennis Kelleher, president of financial reform advocacy group Better Markets....
...a culture of management by numbers that eventually undercut productivity in top US corporations....
...GM launched the programme after finding that black professionals were largely absent from their applicant pools....
...First off, GM will no longer be taking a stake in Nikola....
...Peer pressure will also benefit women as prominent companies such as Microsoft, Nvidia, Cisco, Staples, GE, Diageo, Estee Lauder, GM and Coca-Cola lead the way with female chief financial officers — and...
...In April 2020, the companies announced plans to develop next-generation Honda EVs powered by GM batteries....
...She says chief sustainability officers with financial expertise can be a valuable addition to executive teams....
...Buffeted by these issues, the industry faces an uncertain financial future....
...One thing to start: Royal Dutch Shell was the latest supermajor to report brutal financial results from last year. Welcome back to Energy Source....
...But many chief financial officers and treasurers are also picking up the phone or jumping on Zoom calls with a different type of financial services professional: executives at private equity groups....
...Welcome to the Due Diligence briefing from the Financial Times. Not a subscriber? Sign up here....
...She was previously investment chief of the Carnegie Corporation. The direct-to-buyer real estate start-up Opendoor named Carrie Wheeler as its new finance chief....
...US rivals GM and Ford both drew down about $16bn from their respective credit facilities to shore up their finances in the face of supply-chain disruption and factory closures....
...Ahmed Shide, Ethiopia’s finance minister, said the funds would be distributed through the newly created Washington-backed International Development Finance Corporation....
...(FT) GM workers walk out Nearly 50,000 General Motors workers began a strike on Monday....
...UK financial services provided £72bn in tax in the last financial year, 11 per cent of total government receipts. It also contributed £119bn to the economy last year....
...We’ve had the longest, weakest economic recovery on record, due in large part to the failure of rich country governments to deal with the root causes of the financial crisis....
...During his confirmation hearing, Wilson was asked whether, as secretary, he could make a decision adverse to GM’s interests....
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