Tag Archives: boss

Breakingviews – The Exchange: Italy’s finance boss

(Reuters Breakingviews) – Pier Carlo Padoan, who has run Rome’s Ministry of Economy and Finance for the past four years and under its last two prime ministers, says Italy must continue economic reforms no matter who wins elections in March. Padoan also predicts no “Italian surprise” at the polls. Italy’s Finance Minister Pier Carlo Padoan attends a news conference at ... Read More »

Ralph Lauren boss Stefan Larsson to step down

The chief executive of luxury fashion firm Ralph Lauren is to step down after less than two years in the post. Stefan Larsson, a former head of Gap’s Old Navy division, was appointed chief executive of the firm in late 2015. He will leave on 1 May with a $10m pay settlement after disagreements with founder and chairman Ralph Lauren ... Read More »

Starbucks boss Howard Schultz to step down

The chief executive of the Starbucks coffee chain, Howard Schultz, will step down from his post next year. Mr Schultz will become executive chairman and will change his focus to growing new Starbucks luxury brands. He will be replaced by the current number two, Kevin Johnson, who has been on the board for seven years. Mr Schultz, who has been ... Read More »

UK fraud agency boss expects to move quickly in Airbus inquiry

Britain’s Serious Fraud Office (SFO) is working with French authorities in its investigation into alleged fraud, bribery and corruption at European aerospace group Airbus (AIR.PA) and expects to proceed “fairly quickly”, its head said on Wednesday. The SFO launched a criminal inquiry in August into Airbus’ use of third-party agents to win commercial jet sales after the company’s compliance teams ... Read More »

Daimler should make e-car components to protect jobs: labor boss

Daimler should avert possible job losses resulting from the expected substitution of conventional cars by electronic vehicles in coming years by making components for electric engines, the carmaker’s top labor representative said. German carmakers are investing heavily in electric vehicles (EVs), spurred by advances in battery technology and amid a growing backlash against the environmental impact of diesel fumes. The ... Read More »

Tesco Bank boss Benny Higgins spent more than £18,000 on taxis

The boss of Tesco Bank spent more than £18,000 on London taxis in just eight months last year, being taken to upmarket restaurants, private members’ clubs and the supermarket’s various head offices despite the tough new approach to costs adopted by the grocer’s chief executive, Dave Lewis. When Lewis arrived at the business in October 2014, he ordered the immediate ... Read More »

Former Deutsche Bank boss guilty of insider dealing

A former adviser to Sir Philip Green, along with a one-time managing director ofDeutsche Bank, have been found guilty of insider dealing in one of the UK’s most high-profile cases. Eight years after the investigation began, Andrew Hind, 56, ex-finance director at Topshop, part of Green’s Arcadia Group, and his friend Martyn Dodgson, 44, who used to work in corporate ... Read More »

Ex-Barclays boss to get large bonus despite being sacked last year

Former chief executive Antony Jenkins to receive £500,000 on top of salary even though he lost his job in July 2015 Barclays’ ex-CEO Antony Jenkins. Photograph: Stefan Wermuth/Reuters The former chief executive of Barclays is in line to receive a bonus worth half a million pounds, despite being sacked by the bank last summer. Antony Jenkins left the bank in ... Read More »