Schlumberger Ltd.: “My charitable trust owns SLB and it owns BP because these have good yields and good balance sheets and I think that oil is not done. I was going back and forth with my colleague today and he said, ‘Listen, you’ve got to be really careful. This is the twilight of fossil.’ And...
Amazon CEO Jeff Bezos has a new “shadow” adviser, a role that’s highly coveted inside the company because it involves following around the billionaire founder for a year or two and learning all aspects of the business. The position is now held by Wei Gao, a female executive of Chinese descent, whose LinkedIn profile says...
Apple CEO Tim Cook didn’t name names when he spoke out against the privacy practices of big tech companies during a keynote speech in Brussels last month. But he didn’t have to. “We shouldn’t sugarcoat the consequences. This is surveillance. And these stockpiles of personal data serve only to enrich the companies that collect...
In June, less than a week after the shocking suicides of celebrities Kate Spade and Anthony Bourdain, Cisco CEO Chuck Robbins felt compelled to address the matter head-on with his employees. From Orlando, where Robbins was attending a conference called Cisco Live, he sent a company-wide email. “In light of recent tragedies, I wanted to...
Auto industry officials are cautiously breathing a sigh of relief after hearing word from Washington that the Trump administration may delay, possibly even scrub, a move that could impose new tariffs of up to 25 percent on imported vehicles and car parts. President Donald Trump met with his trade advisers on Tuesday to discuss, among...
Google could pay upwards of $110 million, without subsidies, to buy large swaths of land in San Jose, according to a new city document detailing its negotiations with the company on its plan to build a mega-campus 15 miles south of its headquarters. The plan describes sites that cover around 21 acres, some owned by...
Upon leaving Oracle in September, after a 22-year career at the software giant, Thomas Kurian told friends and colleagues that he was going to take a step back and decide what to do next. One person he exchanged LinkedIn messages with was a former boss at Oracle, Gary Bloom, who has spent the past six...
The past few decades have seen China take on a huge upswing in terms of infrastructure and global trade. The Asian country has seen years of industrialization and as a result of all the development work, the environmental challenges it has been facing have also reached a critical point. The factories and industries that been...
The Big Four Chinese state-owned banks will soon have to issue billions of dollars of offshore bonds, out of an urgent need to meet an international financial standard, the Total Loss Absorbing Capacity TLAC. The People’s Bank of China PBOC recently said that the Big Four banks probably need to implement TLAC ahead of schedule,...
The first criminal charges announced by the US Department of Justice DOJ in the scandal surrounding a defunct Malaysian state fund is a cautionary tale for banks operating in Asia. The frequent allusions to Goldman Sachs in the latest DOJ documents on this fund – 1MDB – should be seen as a warning to banks...