Executes cult leader

The lifespan of companies is shrinking – to 18 years now from 90 years in 1935, says Shiv Shivakumar, group executive president, corporate strategy, at the Aditya Birla Group. In an interview with Moneycontrol , he said in the future, some legacy companies and those that have been around for 10-15 years will likely be bought over or close down. Shivakumar, who recently wrote a book on career and management titled The Art of Management, said employee loyalty no longer exists and the contract between a company and an employee is now very short. The only thing that’s permanent is learning and the ability to look ahead. Managers must communicate at all times, advises Shivakumar, who was formerly chairperson of PepsiCo Holdings in India and CEO of emerging markets at Nokia. The young workforce will not respect age – they will respect relevance and impact, he said in the emailed interview. Edited excerpts: You’ve said in your new book that careers have changed … [Read more...] about MC Interview | Employee loyalty doesn’t exist, the contract between a company and employee is now very short: Shiv Shivakumar

The Senate Judiciary Committee approved Iowa Senator Chuck Grassley’s sentencing reform bill in a 16-5 vote Thursday, a result Grassley has achieved before only for the bill to die in the Senate. Grassley’s fellow Republicans accounted for all five of the votes against the Sentencing Reform and Corrections Act (SRCA), while it enjoyed universal support from the committee’s 10 Democrats. If passed into law, the bill would reduce mandatory minimum sentences for certain drug and violent offenses as well as introduce prison reforms aimed at cutting recidivism rates. Grassley, a Republican, found himself in a similar situation in the last Congress, where his 2015 version of the SRCA made it out of committee, but was never called for a vote in the Senate. Texas Sen. Ted Cruz, a Republican, voted against the bill, arguing its retroactive effect went too far in allowing current inmates to petition to have their sentences reduced. Utah Senator and fellow Republican Orrin Hatch argued the … [Read more...] about Sentencing Reform Makes It Out Of Committee, But Its Future Remains Uncertain

Share to Twitter Share to Linkedin (Photo by Jessica Rinaldi/The Boston Globe via Getty Images) Billionaire casino magnate Steve Wynn resigned from his eponymous company, Wynn Resorts, on Tuesday evening amid a swirl of sexual misconduct allegations. The decision to distance himself from the company comes after dozens of people who have worked for him in the last several decades have come forward with claims of inappropriate behavior. "In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity," said Wynn, 76, in a statement. "As I have reflected upon the environment this has created — one in which a rush to judgment takes precedence over everything else, including the facts — I have reached the conclusion I cannot continue to be effective in my current roles." Wynn, who is behind many of Las Vegas' most iconic properties such as The Mirage, Treasure Island and Bellagio, has denied the allegations and … [Read more...] about Billionaire Steve Wynn Resigns As CEO Amid Sexual Misconduct Allegations