After the incident, Pakistan Prime Minister Imran Khan, in a tweet, said he was "shocked and saddened" by the PIA plane crash. He said rescue and relief is the priority and that an inquiry will be instituted into the incident.Shocked & saddened by the PIA crash. Am in touch with PIA CEO Arshad Malik, who has left for Karachi & with the rescue & relief teams on ground as this is the priority right now. Immediate inquiry will be instituted. Prayers & condolences go to families of the deceased. … [Read more...] about Pakistan plane crash | Here is a timeline of the major plane crashes in the country
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Gelman, for her part, still has more than a 10% stake in The Wing and remains on the company’s board. The timing of her departure is also convenient, given The Wing has built a business on physical coworking spaces and a robust slate of events. After the coronavirus forced The Wing to shut down its spaces, the company reportedly lost 95% of revenue overnight. (Even before the pandemic, The Wing’s valuation had reportedly dropped from an estimated $365 million to $200 million when WeWork sold its stake.) By stepping down, Gelman—who shored up more than $117 million in funding for The Wing from celebrities and prominent investors—is no longer saddled with a struggling business and can move onto her next venture. … [Read more...] about What are CEOs like Audrey Gelman or Greg Glassman giving up when they resign?
In October 2016, as Precision Castparts was going through Schulz’s financial records, a Schulz information technology employee engineered a five-day outage of the computer system used to track sales and orders. A team at Schulz exploited the downtime to fabricate nearly 50 orders, worth tens of millions of euro, that were backdated to make it look as if they had been placed in 2014 and 2015, according to the arbitrators’ report. … [Read more...] about How Warren Buffett’s Berkshire Hathaway may have been snookered in Germany