Microsoft’s Teams service, a direct competitor to Slack’s messaging platform, now has more daily active users than Slack. But Stewart Butterfield, co-founder and CEO of Slack, isn’t overly concerned. “If it’s based on the bigger distribution, I don’t think that’s really a…
Samsung CEO embarrassed by the Galaxy Fold fiasco, he “pushed it through before it was ready”
The Samsung Galaxy Fold is perpetually coming soon. The Korean company issues a new press release or has an exec do an interview every few weeks reiterating in vague language that the launch is still on, and it will happen sooner rather…
BMW’s Tribute To Mercedes-Benz CEO On Retirement Is As Funny As It’s Touching
The video ends with a note of gratitude for Mr Zetsche, saying: “Thank you, Dieter Zetsche, for so many years of inspiring competition.” A video tribute by BMW for Mercedes-Benz CEO Dieter Zetsche on his retirement proves that business rivalries…
Bayer CEO Faces a Shareholder Reckoning Over the Monsanto Deal
Bayer AG is facing mounting opposition ahead of what’s shaping up to be its most contentious annual meeting in years, with influential shareholders faulting management for failing to foresee the risks of the company’s biggest deal ever. A growing number of…
What Kraft Heinz’s New CEO Must Do To Pull A Phoenix
Had Miguel Patricio asked me before he accepted the job of CEO of Kraft Heinz, I would have told him not to walk away, but to run. Everything suggests he’s facing insurmountable barriers to success. But now that he’s there,…
Newell Brands CEO Michael Polk to retire at end of second quarter
Newell Brands announced Thursday that President and CEO Michael Polk will retire at the end of the second quarter. As Newell approaches the end of its “accelerated transformation plan,” it and Polk agreed that it “is the right time for a…
How Ford CEO Jim Hackett Impressed Designers, But Not Investors
The great Jerry Useem—that’s how we referred to him when he worked at Fortune a publishing world eon ago—has a marvelous profile of Ford CEO Jim Hackett in the March issue of The Atlantic. I recommend it for its delicious nugget of insight, that Hackett…
Gucci creative director says unintended racist imagery of $890 sweater causes him ‘grief’
“We are truly committed in facing what happened as a crucial learning moment for everybody Gucci’s creative director addressed the controversy over the brand’s $890 sweater that was criticized last week for its resemblance to blackface, saying the racist imagery it evoked…
A PIONEERING CEO AT THE HEART OF A PAYMENT SERVICES LEADER
A Pioneering CEO at the Heart of a Payment Services Leader Small World Financial Services is a leading omni-channel provider of cross-border payment services for consumers and businesses. In August, Small World’s CEO, Nick Day, was awarded “Money Transfer Service…
How long does an Indian CEO last in the corner office?
Chief executive officers (CEOs) of India’s biggest companies seldom last long enough to see more than one Cricket World Cup, shows a Mint analysis. The analysis is based on annual reports of the 30 BSE companies. The Sensex is a stock market…