Category : Search result: corporate distress


Nestlé CEO fired after secret affair with marketing VP

Nestlé CEO Mark Schneider has been abruptly fired after a secret romantic relationship with a marketing executive he promoted to Vice President of Americas Marketing just 18 months after meeting her, in a dramatic corporate governance scandal.

Nestlé UK CEO sacked over undisclosed relationship

Nestlé's UK & Ireland boss, Stefano Agostini, has been abruptly dismissed after nearly four decades with the company for failing to disclose a personal relationship with a colleague, breaching strict corporate governance rules.

AI Expense Scandal: Workers Forge Receipts with ChatGPT

Exclusive investigation reveals a surge in employees using artificial intelligence to fabricate expense claims, costing British firms millions. Experts warn of a 'new frontier' in corporate fraud as AI tools become sophisticated enough to generate convinc

CBS exec demoted in diversity policy shake-up

CBS executive Katherine Merrill has been demoted from her role as Senior Vice President of Communications, sparking debate over Diversity, Equity, and Inclusion policies in corporate America.

UK CEOs get third year of record pay rises

Top executives in the UK have enjoyed another year of soaring salaries, with pay packages hitting record highs as the gap between corporate leaders and average workers widens.

Tech CEO earns £94M - 1,300x worker pay

A little-known tech company has come under fire after appointing a new CEO with a staggering £94 million salary package, dwarfing the average employee wage by 1,300 times.

Tesla sued over Elon Musk's 'dictatorial' leadership

A lawsuit accuses Tesla and Elon Musk of fostering a 'dictatorial' work environment, with claims of retaliation against employees. The case unfolds in California amid growing scrutiny over corporate governance.

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