Global Business

CEO Of Russia’s Biggest Social Media Site Flees The Country

Yahoo! - April 24, 2014

The founder of Russia's leading social media network — a wunderkind often described as Russia's Mark Zuckerberg — has left his post as CEO and fled the country as cronies of President Vladimir Putin have made steady... Read »

Tesla CEO Pledges To Boost Support Network In China

WSJ - April 23, 2014

Tesla Motors Inc. Chief Executive Elon Musk pledged to enhance the auto maker's support network in China to help broaden use of the company's niche electric car, and offered new details about a $5 billion battery factory... Read »

Citigroup CEO: Others Will Face Discipline On Mexico Fraud

Bloomberg - April 23, 2014

Citigroup Inc. Chief Executive Officer Michael Corbat said he expects others to be disciplined after the bank fired an employee linked to a suspected $400 million fraud at the company’s Mexico unit. “One person has... Read »

Telkom CEO Risks Prosecution If He Skips Governance Course

Bloomberg - April 14, 2014

Telkom Chief Executive Officer Sipho Maseko faces referral to South Africa’s national prosecutor or a fine if he fails to attend a corporate governance course as ordered, a state department said. Maseko faces an... Read »

EU Takes Aim At CEO Paychecks

Fortune - April 9, 2014

The European Commission released proposals Wednesday that would require Europe's 10,000 publicly listed companies to hold binding votes, and to say how employee and executive pay compares. Read »

Barclays’ John Vitalo Named As Atlas Mara CEO

Businessweek - April 8, 2014

Robert Diamond named former Barclays Plc colleague John Vitalo as chief executive officer of his African financial-services company, Atlas Mara Co-Nvest Ltd. Vitalo, 49, has been Barclays’s Middle East and North Africa CEO... Read »

Fund Manager Allegedly Killed Bank CEO In Firm’s Parking Garage

Business Insider - April 8, 2014

On Monday morning, a Licechtenstein-based bank CEO was shot dead as he was heading into the office. Jürgen Frick, the CEO of Bank Frick & Co, was allegedly shot dead in the firm's underground parking garage in Balzers by... Read »

New CEO Of National Australia Aims To Turn Company Around

Businessweek - April 3, 2014

National Australia Bank Ltd. next chief executive officer Andrew Thorburn said he aims to cut the lender’s exposure to U.K. commercial property and focus on Australia and New Zealand when he takes the helm in August. Read »

Citibank CEO: We’re Investigating Areas That Need Stronger Oversight

Forbes - April 3, 2014

Citgroup, is back in trouble again, this time due to allegations about weaknesses in its anti-money laundering controls and its failure to uncover a case of document falsification at its Mexican subsidiary Banamex, an... Read »

Mining Company Sues Former CEO For Alleged Embezzlement

NY Daily - April 2, 2014

The high-flying CEO of a British iron ore company mined company cash to inflate his fiancée’s assets, court papers charge. Oakmont Resources in Manhattan Supreme Court filings claimed former CEO Aaron Thomas embezzled... Read »

Founder And CEO Of ‘Russia’s Facebook’ Resigns

RT - April 1, 2014

Pavel Durov, the founder of the so-called "Russian Facebook" said on Tuesday he is leaving his position as the company CEO. “After my brother’s decision in the middle of last year to abandon the position of technical... Read »

Turkish Police Find Shoe Boxes Of Cash At Banking CEO’s Home

Bloomberg - April 1, 2014

When Turkish police raided the Istanbul home of Suleyman Aslan in December, they found $4.5 million stashed in three shoe boxes and hidden in bookshelves. Aslan, then chief executive officer of the country’s second-largest... Read »

Net Neutrality Is In The Crosshairs In Europe

NYT - March 31, 2014

“I talked myself into this,” said Mr. Herbert, a London resident who now pays the equivalent of $75 for his monthly cellphone subscription. In his case, he considers the much higher monthly rate an acceptable trade-off:... Read »

Bitcoin Is Crashing On Rumors Of China Ban

Business Insider - March 27, 2014

Bitcoin was down nearly 12% on rumors China has banned Bitcoin. Read »

Mexico Seeks Arrest For CEO Who Duped Citibank

WSJ - March 24, 2014

Mexican authorities said Sunday they are seeking house arrest for the chief executive of an oil-services company at the center of an alleged multimillion-dollar fraud against the Mexican unit of Citigroup Inc Read »