Meet Satish Malhotra; CEO Who Reduced His Salary To Make Way For Employees
Satish Malhotra, who is the CEO of American specialty retail chain company The Container Store, has voluntarily reduced his own salary, by 10% to help offset costs and help with salary hikes for other employees at the company. Notably, Satish has been the company's CEO since February 1, 2021. He previously worked at the world-renowned cosmetics chain Sephora for 20 years, and took the decision to ensure employee's hike.
Tags: Satish Malhotra, CEO, Hike, salary, employees
Courtesy: India Times
High Profile Thief Who Dresses Like CEO Arrested
The West Bengal police have successfully apprehended a highly elusive thief who had managed to evade capture for the past 25 years. Contrary to the stereotypical image of a criminal, this thief, identified as Nadeem Qureshi (45), adopted a high-flying lifestyle, accumulating properties worth crores in Mumbai and Pune. His children were enrolled in prestigious schools, making him appear as an ordinary, law-abiding citizen. Further… read-more
Tags: crime news, CEO, west bengal police, arrested, Case Registered
Courtesy: Zee News India
Mumbai Police Interrogates Sameer Marchant, Accused In Accident Of 53-Year-Old Woman CEO
In the latest development, the Mumbai Police arrested 23-year-old Sameer Marchant in a tragic accident which killed a 53-year-old CEO of Technology firm Rajalakshmi Vijay while jogging. On March 23, the police arrested Marchant, who was driving the car which mowed Rajalakshmi. The police have sent Sameer for two days of judicial custody for interrogation. Furthermore, police suspected that Sameer was either drunk or dozed off, resulting in… read-more
Tags: car accident, Death, CEO, Accused Driver, Mumbai Accident
Courtesy: Republic World
Swiss Investment Bank Cuts 10% Bonus Of Employees In 2023
UBS Group AG cut bonuses for last year by 10% after its dealmakers saw revenue erode by a slump in mergers and capital raisings. On March 6, CEO Ralph Hamers received 12.2 million Swiss francs ($13 million) for his second full year in the job, an increase from the 11 million francs a year earlier. The Zurich-based lender set aside $3.3 billion for employee bonuses last year.
Tags: Swiss Investment Bank, 10% Bonus Cut, employees, Bank Jobs, CEO
Courtesy: Hindustan Times
People Told Me Not To Make Gangubai, Says Sanjay Leela Bhansali
After releasing the cast of 'Heeramandi" Sanjay Leela Bhansali spoke about his last film "Gangubai Kathiawadi" which he took risk for. On February 18, Bhansali said, "People told me not to make Gangubai." In an interview with Netflix CEO Ted Sarandos, Sanjay Leela Bhansali said, "I have ticked all the wrong boxes. But it worked. That's the belief." Directed by Bhansali, "Gangubai Kathiawadi" starred Alia Bhatt was a… read-more
Tags: Sanjay Leela Bhansali, Gangubai Kathiyawadi, Alia Bhatt, Netflix, Heeramandi, CEO
Courtesy: Hindustan Times
TCS COO N Ganapathy Subramaniam Deems Moonlighting Ethical Concern
Moonlighting is becoming a serious issue in the tech industry. While some internet businesses, such as Swiggy, support moonlighting, the policy that permits employees to work additional jobs in addition to their primary employment. Wipro CEO Rishad Premji has fiercely opposed the notion of moonlighting, while TCS COO N Ganapathy Subramaniam has labeled it an ethical concern. Subramaniam argues that allowing regulations such as moonlighting… read-more
Tags: Wipro, TCS, ethical issue, CEO, COO
Courtesy: India Today
Telegram CEO Pavel Durov Accuses Apple For Inability To Release New Updates
Telegram CEO Pavel Durov criticized Apple's opaque review process for preventing them from releasing a new upgrade that would affect how individuals access themselves in chat. He went on to say that the update had been bogged down in Apple's approval process for two weeks. Durov went on to attack Apple, claiming that if one of the top 10… read-more
Tags: Telegram, CEO, Apple, pavel durov, New Updates
Courtesy: India Today
Paytm Shares Fell 6.2% On Regulatory Concerns, Suspicions About CEO Reappointment
Paytm's shares declined 6.2% on August 12 due to a proxy advisory firm's resistance to the company's CEO reappointment and central bank's recommendations for digital lending applications. Institutional Investor Advisory Services opposes reappointment of Vijay Shekhar Sharma as CEO and managing director. IIAS also expressed worry that… read-more
Tags: Paytm, Shares, CEO, Reappointment, Digital Payment App
Courtesy: DNA INDIA
Sasken Technologies Appoints Abhijit Kabra As New CEO
Sasken Technologies Ltd. appointed Abhijit Kabra as the new Chief Executive Officer (CEO), who will directly report to Chairman and MD Rajiv C Mody. Reportedly, Kabra's track record of building businesses that leverage technology as a growth enabler, is expected to add value to Sasken. Sasken is a multinational tech company based in Bangalore. Sasken provides product engineering and digital transformation services to global customers.
Tags: Abhijit Kabra, Rajiv C Mody, Sasken, Bangalore, CEO
Courtesy: Brifly News
Nirmit Parikh Quit Job At Apple, To Create Jobs Platform 'Apna,' Which Turned Unicorn In Just 2 Years
For the Indian blue-collar industry in 2019, Nirmit Parikh made the decision to launch the employment website Apna. He left his job as an Apple technician and returned to India right before the Covid-19 outbreak to launch the firm that became a unicorn in two years. Today, the platform's Android app has over 1 crore downloads. Apna's clients include Shadowfax, Zomato, Delhivery, G4S Global, and Burger King.
Tags: CEO, Nirmit Parikh, Apple, Indian Unicorn, Apna
Courtesy: DNA INDIA