Hints and tips:
...Still, management hasn’t responded publicly to the Dec 1 offer. And it isn’t clear what exactly the investors want to do with the company post-buyout....
...This includes the elimination of two inter-company business lines, new direct reporting from the LOBs to the C-suite for the first time ever, and collapsing of management layers from a remarkably high 13...
...It is rolling out the model developed banking law firms to other industries such as consulting and asset management....
...The Phoenix Group has named Lloyd’s of London chief investment officer Eleanor Bucks as a member of its board, effective December 1....
...TA began raising its latest fund last November and beat its initial target of $15bn in less than a year, according to the company....
...As has been discussed at length here and elsewhere, Thames Water’s regulatory assets are ringfenced within the operating company so the buck stops for investors at holding-company level....
Chile, India, Mexico and South Korea record year-on-year growth even as global assets fell
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...Such responses may reflect a gulf exposed in a recent report that Smets and others prepared for Istari, the cyber risk management company owned by Singapore’s Temasek....
...Its stock market is full of exporters, meaning faltering global growth can fast become earnings weakness for Japan Inc. A US recession could be especially vicious....
...Analysts at RBC said the company’s credibility “is likely gone” and that “management almost couldn’t have sounded worse around the effects this is having”....
...The game is available to play for free, but players can use its in-game currency, V-Bucks, to buy virtual items, from outfits to accessories and weapons, to personalise their characters....
...Another firm was offering sign-on bonuses of up to $100,000, said Michelle Fivel, a partner at recruiter Major, Lindsey & Africa....
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...Meyrick Chapman is the principal of Hedge Analytics and a former portfolio manager at Elliott Management....
...Critics say Illumina’s dogged pursuit of Grail is misguided because it is soaking up management attention when competition in its core business is rising and the high cost of funding the cancer test company...
...This isn’t just ‘the buck stops at the top’, it’s that ‘the buck stops with the guy who headed the supply chain.’ And Tim is the master of supply chain.”...
...Peloton chair and co-founder John Foley has abruptly resigned from the connected fitness company along with two other executives, in the biggest management shake-up since Barry McCarthy arrived as chief...
...Ramaswamy, the author of Woke, Inc. and Nation of Victims, co-founded Strive Asset Management last year with the backing of billionaire PayPal founder Peter Thiel and US Republican senator JD Vance. 3....
...Talk about bang for your buck....
...Shalev Hulio is stepping down as CEO of Israeli spyware company NSO Group....
...“The strength of The Walt Disney Company’s businesses coming out of the pandemic is a testament to [Chapek’s] leadership and vision for the company’s future,” Arnold wrote....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...Holders of $500mn worth of loans that were paid off — funds including Brigade Capital Management and HPS Investment Partners — declined to send Citi its money back....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
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