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The CEO of Wizz Air has drawn the ire of pilot unions after suggesting that too many crew members were refusing to fly because of fatigue. According to The Guardian , Wizz Air CEO Jozsef Varadi told staff in an internal briefing that too many employees were taking time off due to fatigue at a time when the aviation industry is facing a staff crunch that has led to disrupted flight schedules. “We are all fatigued but sometimes it is required to take the extra mile,” said Varadi. “I understand that fatigue is a potential outcome of the issues, but once we are starting stabilising the rosters, we also need to take down the fatigue rate. “I mean, we cannot run this business when every fifth person of a base reports sickness because the person is fatigued,” the Wizz Air CEO said. According to CNN , pilot fatigue is taken seriously in the aviation industry as it can lead to accidents and affect flight safety. Given that pilots often work long and unpredictable hours, the … [Read more...] about The CEO of this airline told pilots to work through fatigue, massive backlash followed

Share to Twitter Share to Linkedin This week, PrimeGenesis gathered seven CEOs from its clients for a day to share insights and learning. The CEOs came from pharmaceuticals, forensic engineering, die-cast manufacturing, consumer products, agriculture, retail and sports. This note lays out the frameworks discussed and insights the CEOs shared across strategic, organizational and operating leadership as well as personal influence and impact. Strategic Leadership Strategic leadership is about focus. The fundamental questions are where to play and how to win. How to win choices in turn all flow from the enterprise’s core focus. As Michael Porter taught us, all enterprises design, produce, sell, deliver, and serve in one way or another. The most successful enterprises have a primary focus on either design, production, delivery or service in addition to selling which all must do. Certainly, different parts of the same enterprise may have different areas of … [Read more...] about CEO Boot Camp Frameworks And Insights

Goldman Sachs CEO David Solomon As Goldman Sachs gets ready to welcome interns to its US offices this week, CEO David Solomon offered some sage words of advice to the 3,700 students who won a spot in the coveted internship programme. According to CNBC , the New York-based bank has an acceptance rate of only 1.57% for its internships. This year, Goldman Sachs hired 3,700 people out of 236,000 who applied from across the world. Successful interns are usually offered a two-year analyst position after graduation. To provide summer interns with some helpful tips that could help them stand out in the world of finance, the company’s CEO shared a piece of advice. In an email sent to incoming interns on Thursday, Goldman Sachs CEO David Solomon listed out five tips for success. CNBC accessed a key excerpt of the email, in which Solomon advised interns to be entrepreneurial in their outlook, to embrace change and listen well, among other things. “Year after year as our … [Read more...] about Goldman Sachs CEO’s advice to interns: ‘Always be on the lookout for…’

Aashish Somaiyaa, White Oak Capital Management Markets will see far worse outcomes if the Russia-Ukraine war continues for long but if there are some winds of change, there is a strong possibility of a sudden upside, White Oak Capital Management CEO Aashish Somaiyaa told CNBC-TV18 on March 30. To a query on whether investors should wait it out on the sidelines and not immediately deploy more money or had the market moved on, Somaiyaa said that the market was interestingly poised. “It's almost been like a status quo for the past few days and we have been moving in a very narrow range, we did see that 15,500-15,700 level for a brief time, but from there on it's just kind of holding stable and I don't think this can go on for too long,” he said. There is either a downside or a significant upside from where the market is at the moment. “I don't think it can keep loitering" where it is right now, he added. Here are the highlights of his chat: What to buy in such times? … [Read more...] about Market can’t keep loitering where it is right now, says White Oak Capital CEO Somaiyaa

- A + A LONDON (June 27): Money transfer company Wise plc said on Monday that Britain's Financial Conduct Authority (FCA) has launched an investigation into its chief executive officer (CEO) Kristo Käärmann after he was named on a list of tax defaulters. In September last year, the British tax authority, the HM Revenue and Customs (HMRC), included Käärmann in a list of people penalised for tax defaults. A spokesperson for Wise said that Käärmann was late paying his taxes in 2018 and had been fined. Käärmann's £365,651 (US$449,677) penalty relates to a tax bill of £720,495, according to the information published by the government. HMRC regularly publishes a list of people who deliberately default on their taxes, such as by filling in erroneous tax returns. Following the publication, Wise started an investigation with support from an external law firm. That concluded at the end of 2021 and its findings were passed onto the FCA, the company said. The FCA has now … [Read more...] about FCA launches investigation into Wise CEO after tax default

PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Colgate Palmolive (CPIL; CMP: Rs 1,512; Market capitalisation: Rs 41,126 crore) continued to report lacklustre performance. CPIL has announced many launches and re-launches, post the March 2022 earnings call. The new managing director and CEO, Prabha Narasimhan, will join CPIL, effective September 1, 2022. CPIL declared an interim dividend of Rs 21 per share, taking the total interim dividend for FY22 at Rs 40 per share, almost 100 percent payout. March quarter performance Revenues grew by 1.4 percent year on year... … [Read more...] about Colgate Palmolive: Wait gets longer for this consumer stock

Have you ever looked at another person’s daily accomplishments and thought, “How do they do it”? By the time most are pouring a second cup of coffee in the morning, some super-achievers have gone for a 5-mile run, hit inbox zero, and nailed the rough draft of that report due next week. Oh, and they figured out the day’s Wordle, too. advertisement advertisement After more than a decade of writing and practicing productivity techniques, I’ve learned that these folks generally do know more about how to get more done. And you can adopt those practices, too. But, why would you? Getting more done in less time can mean that you have more free time to do the things you love with the people you love. Or, it can create space to fill with more work that could have a detrimental effect on your mental and physical health. I learned this the hard way last year. advertisement advertisement Don’t make the same mistakes. Instead, practice … [Read more...] about The ultimate guide to purposeful productivity (your mental health will thank you)

Even by Elon Musk’s exaggerated definition of weird, the past 24 hours or so have been more than a bit peculiar. advertisement advertisement On Tuesday alone, Musk stoked investor fears at an economic forum; both dissed cryptocurrency and pumped it up; swung the ax at his flagship company while the board and shareholders of the company he’s chasing voted on whether they wanted the deal to proceed; and is having to deal with at least two court filings. It is, by any typical measure, a completely bonkers series of events. Even for Musk, who has practically made a personal brand out of controversy. Here’s a quick recap of today’s revelations about the SpaceX CEO. advertisement He stirred up Twitter drama, just as the company’s board takes a vote Right before the Twitter board of directors unanimously recommended to shareholders that they approve Musk’s $44 billion purchase of the company, Musk laid out a series of … [Read more...] about Elon Musk’s wild 24 hours: Twitter deal setbacks, Dogecoin hype, and a Tesla employee lawsuit

On Friday, the EV market received a jolt as Swedish electric performance carmaker Polestar began trading on the Nasdaq after going public via a SPAC transaction. Shares, trading under the ticker “PSNY,” opened the trading day valued at $13.30 but sank to less than $11 as of midday. advertisement advertisement Polestar is the latest high-profile company to go public during a rather tumultuous time on the market—and also to do so using a SPAC deal. Sustainable consumer-products company Grove Collaborative likewise went public a week ago. But Polestar, which itself was spun off from its parent company, Volvo, is among a slew of other EV makers that have gone public in recent years, such as Rivian , Fisker , Nikola , and Lordstown Motors. “By 2025, we aim to be selling 290,000 cars per year, 10 times as many as we sold in 2021,” said Thomas Ingenlath, CEO of Polestar, in a press release . “We already have a real and … [Read more...] about Polestar goes public: What to know about the electric vehicle company’s SPAC merger

Warren Buffett Photographer: Andrew Harrer/Bloomberg As one of the world’s most successful investors, it comes as no surprise that Warren Buffett is often asked for investment advice. At the age of 91 today, the Berkshire Hathaway CEO has a net worth of over $100 billion and is someone people look to for investment and financial tips. The same held true in 1999 as well, when his net worth was a whopping $30 billion. At the Berkshire Hathaway annual shareholders meeting in 1999, Warren Buffett was asked how to make $30 billion. His advice? Start early. “Start early,” Buffett said, according to CNBC . “I started building this little snowball at the top of a very long hill. The trick to have a very long hill is either starting very young or living to be very old.” Warren Buffett said that if had $10,000 to invest, he would probably put his money in smaller companies to invest strategically. “I would probably would focus on smaller companies because I would be working … [Read more...] about Warren Buffett’s 1999 advice on how to invest $10,000 is still relevant today