Why your CEO got fired: Ethical lapses cost bosses their jobs in 2018 May 15, 2019 The turnover rate of CEOs soared to 17.5 per cent last year as ethical lapses became the biggest factor behind sacking bosses. Read more: Revealed: The CEOs who oversaw tech's 10 biggest share price rises While the 20 per cent rate of “forced turnovers” among departures at the top remained the same in PwC’s 2018 [...]
One in three female lawyers sexually harassed at work, comprehensive survey shows May 15, 2019 A comprehensive report launched today by the International Bar Association has unveiled the scale of sexual harassment and bullying within the legal sector. The survey of nearly 7,000 lawyers worldwide, found one third of female lawyers had been sexually harassed and one-in-two had been bullied. Read more: Lloyd's of London will ban drunk staff from [...]
Lloyd’s of London brings in Banking Standards Board to conduct independent review May 12, 2019 Lloyd’s of London has commissioned an independent review into its workplace culture following allegations of sexual harassment and bullying. The insurance market has asked the Banking Standards Board to conduct a market-wide investigation beginning tomorrow. Read more: Lloyd's of London warns drunk employees could face disciplinary action A survey will be given to about 45,000 [...]
Lloyd’s of London warns drunk employees could face disciplinary action May 9, 2019 Lloyd’s of London has announced that employees under the influence of alcohol at work could face disciplinary action in some instances following reports of bullying and sexual harassment at the 330-year-old insurance market. Read more: A drinking ban isn't the answer to alcohol-fuelled work culture The exchange said it would crack down on instances where [...]
Shareholders call for Google parent Alphabet to be broken up May 1, 2019 A group of shareholders in Google's parent firm Alphabet has called for the company to be broken up, following a string of complaints against the firm regarding alleged human rights abuses and excessive founder dominance. Read more: Google parent Alphabet misses estimates as EU fine takes its toll The resolution, submitted by four members of [...]
Lloyd’s of London launches plan to split in bid to cut costs and modernise the market May 1, 2019 Lloyd’s of London has unveiled plans to split into two exchanges and move more of its business online in a bid to cut costs. The six-point strategy includes splitting the 330-year-old market into two automated exchanges, allowing less complex risks to be placed “in minutes at a fraction of today’s costs.” Read more: Lloyd's of [...]
An office romance may be fun, but don’t burn your career on the flames of passion April 24, 2019 Office relationships happen. Given how much time we spend at the office, it doesn’t come as a surprise when some people develop friendships, crushes, or even fall in love – Melinda and Bill Gates being a prime example. Friendships which remain platonic within the office are great and can last for a lifetime. A report [...]
Four Tesla directors to leave company in board streamlining April 20, 2019 Tesla has announced that four of the eleven members on its board will be leaving the company over the next two years in a move to increase efficiency. In a regulatory filing, the company said that Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice would not be standing for re-election in the annual meetings [...]
Lloyd’s of London partners with the Met to urge staff to become special constables to ‘manage difficult situations’ April 18, 2019 Insurance market Lloyd’s of London has partnered with the Metropolitan Police to encourage employees to become special constables. The 330-year-old market – embroiled in a sexual harassment scandal – has pledged to allow staff to volunteer on the streets of London during working hours. Read more: Lloyd's of London will ban drunk staff from the [...]
Monetary policy is too crucial to leave in Labour’s meddling hands April 16, 2019 Even by Donald Trump’s standards, it was an extremely Donald Trump thing to do. Last week, the President nominated Herman Cain for a seat on the board of the Federal Reserve, attempting to hand oversight of the world’s largest economy to a maverick gold-standard enthusiast. The nomination appears to be doomed, largely because of the [...]