Rewarding good work and recognising employees aspirations will drive performance and growth in the corporate world. The best example of this was set by the corporates in the U.S. in the post-Second World War era. Perhaps they went overboard and the after-effects are manifest now with income disparity becoming more acute. Practices such as huge…
DetailsWASHINGTON The International Monetary Fund (IMF) says it is acutely aware of the urgent need to assist the Caribbean countries to build resilience, particularly in the context of the recent hurricanes that swept through the Lesser Antilles killing scores of people and leaving billions of dollars in damage. Related articles And we stand ready to…
DetailsBuzzFeed will restructure its business team, resulting in layoffs of about 100 people, and the transition of the company’s president to the role of senior advisor. Company CEO Jonah Peretti said in a memo Wednesday that BuzzFeed needed to shift away from direct advertising sales to more diverse revenue streams. The company will search for…
DetailsBy FRED GITUKUMore by this Author Q. I am a HR manager, six months into a new job. I have observed that the previous manager did not practice diversity, since this company is dominated by two tribes. Is it fair to fire under-performing employees and re-structure the company to accomplish diversity? There is more to…
DetailsIf order gets passed, lenders will have to provision for 50 per cent of their debt Mumbai, Nov 30: Nearly 30 lenders of debt-ridden Reliance Communications (RCom) have opposed a petition by China Development Bank (CDB) to file an insolvency case against the telecom company. CDB, a lender to RCom, had filed the suit with…
DetailsFORT WASHINGTON, Pa., Nov. 30, 2017 /PRNewswire/ — Walter Investment Management Corp. (“Walter” or the “Company”) (NYSE: WAC.BC) today announced that, as expected, the Company filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the Southern District of New York (the “Court”) to execute a prepackaged financial restructuring plan (the “Prepackaged Plan”).…
DetailsBryan and Mai Hughes plan to launch My Foodie Kit in March. Picture: Simon Santi When you think of Bryan Hughes, corporate insolvency and hardcore business negotiations usually spring to mind. But the Pitcher Partners chairmans latest venture is a completely different flavour. He and wife Mai are launching meal-kit business My Foodie Box a…
DetailsUPDATE 12PM: THE administrators of embattled Ostwald Construction Materials has confirmed today that Ostwald brothers Brendan, Daniel and Matthew will regain control over the company. After a second creditors meeting this morning, administrator Derrick Vickers of PriceWaterhouseCooper revealed that creditors had accepted a Deed of Company Arrangement (DOCA) submitted by the three brothers and a “silent…
DetailsAustralia | 12:24 PM Aristocrat Leisure has hooked Big Fish, a US social casino app developer, which is expected to boost recurring revenue. The acquisition confirms a stronger focus on digital gaming. -Aristocrat’s exposure to digital gaming significantly increases-Difficult to predict when social casino apps will stop growing-Digital opportunities prevail, capital management potential despite structural…
DetailsFinancial advisers don’t always agree, but when it comes to lending money to family, there’s consensus: Tread carefully. If an adult child needs help buying a first home or has a promising business idea, a family loan can be a fast and convenient option. But there’s a risk of drama down the road. Here are…
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