Hints and tips:
...Bain & Co has asked a court to overturn a ban on tendering for UK public sector contracts for three years that was imposed by the government because of the management consultant’s “grave professional misconduct...
...The 33-year-old Athwal, a former head of the Treasury’s growth strategy branch and management consultant, has been trusted by Starmer to “hold the pen” on the manifesto, according to Labour colleagues....
...“We strongly believe that ISS reached the wrong conclusion in its recent report when it comes to adding Nelson Peltz to the board,” said Mark Parker, chair of Disney’s board....
...More here from Sally Hickey, Laura Noonan and George Parker....
...Management consultant Bain & Co is weighing up taking legal action against the UK government after being hit with a three-year ban on bidding for state contracts over its “grave professional misconduct”...
...But Parker himself shows no sign of letting up....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...The UK government has abruptly lifted its ban on Bain & Co, the Boston-based global management consultancy, from bidding for official contracts following its role in a major South Africa corruption scandal...
...However, the target set by the government-backed Parker Review — of at least one director from a minority ethnic background by 2021 — is on track to be missed....
...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.”...
...Bain & Co, the Boston-based global management consultant, has been hit with a three-year ban from tendering for British government contracts because of its “grave professional misconduct” in a major corruption...
...Office minister Jacob Rees-Mogg told Bain on Tuesday that its “grave professional misconduct” in a corruption scandal in South Africa had rendered the consultancy’s integrity “questionable”, the FT’s George Parker...
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...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....
...Latham & Watkins has hired Scott Miller as a private equity and M&A partner in Houston and Susan Yoon Parker as a private equity and banking partner in Boston....
..., a pay review for thousands of employees, and an apology by then-chief executive Mark Parker....
...It said it had provided both companies with “equivalent access to both confirmatory due diligence information and management”....
...This concentration means active management is more valuable, Stromberg said....
...diversifies with Oak Hill deal T Rowe Price is known for several things: strong actively managed fund performance, low staff turnover and successful investments in companies such as Twitter and Warby Parker...
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...Sandra Carreon-John, a company spokeswoman, says Parker continues to serve as Nike’s executive chairman, where he remains “an active member of Nike’s management team”....
...Matt Zames is stepping down as president of private equity group Cerberus Capital Management after three years in the role....
...Plus, the FT’s Laura Pitel explains how Turkey hopes to boost its economy despite an overhaul of the country’s economic management....
...If there is a sense from this earnings season that confidence in a V-shaped recovery for profits is misplaced, then the impact will probably be hardest on companies with weak balance sheets, and on those...
...American has about 80,000 front-line workers at its flagship carrier and approximately 17,000 in management. The company said in May it would reduce management ranks by approximately 5,000 employees....
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