Starbucks boss Schultz pushes departure to March 2023

Longtime Starbucks boss Howard Schultz is delaying his second departure from the coffeehouse chain until late March 2023 rather than this fall as originally announced, the company said in a statement Monday. Having stepped down four years earlier, in 2018, Schultz returned in April to serve as interim CEO during the search for a new […]

Sexism in business world getting worse, says Aviva boss

Amanda Blanc, one of the few women to head a FTSE 100-listed company as boss of British insurer Aviva, has said misogyny against women in business is getting worse. Her comments, in a message posted Wednesday on the social network Linkedin, came after shareholders made sexist remarks at the firm’s annual general meeting (AGM) earlier […]

Credit Suisse shareholders rebuke management

Angered by a string of scandals and crises that have tarnished the reputation of Swiss banking giant Credit Suisse, shareholders dealt directors and executives a rare rebuke Friday. Gathered virtually for the bank’s general assembly, a full 59.95 percent of shareholders refused to release the management from personal liability for the year 2020. The so-called […]

Dennis Uy to let Phoenix Petroleum employees work at home ’til July

Employees of Phoenix Petroleum Philippines Inc. will continue working from home, at least until July, as announced by its management. Despite easing pandemic restrictions, Phoenix decided to maintain the alternative work set-ups that are currently in place nationwide for its knowledge-based employees who do not need to be in the office, and will reassess the […]

House creates P90B railway superbody

A measure seeking the creation of a Philippine National Railway System that would be responsible for the regulation of the country’s train systems hurdled committee level at the House of Representatives.