One of the largest penalties for system breaches, UK regulators punished Citigroup 61.6 million pounds ($78.5 million) for control lapses in its trading activities. In one…
Browsing: Corporate
The $1.6 trillion sovereign wealth fund of Norway pushed Shell on Friday to provide investors with additional details regarding its updated climate targets. However, the fund declined to support a request made…
Ilya Sutskever, the head scientist and co-founder of OpenAI, is departing the company amid the current artificial intelligence explosion. “OpenAI would not be what it is without him,” OpenAI CEO Sam Altman wrote in…
Calpers, the largest public pension plan in the US, is considering voting against ExxonMobil CEO Darren Woods’ reelection to the company’s board. This comes in response…
On Tuesday, HSBC announced the retirement of Chief Executive Noel Quinn. This unexpected move comes after five years, during which Quinn oversaw a massive asset sale…
The 300-year-old London Stock Exchange Group (LSEG) will vote on Thursday on whether to potentially double CEO David Schwimmer’s salary. The bourse has advocated for higher…
On Tuesday, a Dutch court will hear Shell’s appeal against a historic climate verdict. The verdict ordered the company to significantly increase planned greenhouse gas emission…
On Monday, Uber (UBER.N) agreed to pay A$271.8 million ($178 million) to resolve a lawsuit filed by Australian taxi operators and drivers, who claimed they lost…
Boeing announced on Thursday that it is changing the way it awards employee bonuses to prioritize quality and safety. As a result, this year’s operational targets…
According to a source familiar with the situation, OpenAI, the company behind ChatGPT, plans to appoint several new board members in March. The information was reported…