Read the full statement from Nissan regarding allegations against Chairman Carlos Ghosn

Here is the full statement from Nissan regarding allegations against Chairman Carlos Ghosn and Representative Director Greg Kelly:YOKOHAMA, Japan – Based on a whistleblower report, Nissan Motor Co., Ltd. (Nissan) has been conducting an internal investigation over the past several months regarding misconduct involving the company’s Representative Director and Chairman Carlos Ghosn and Representative Director Greg Kelly. Also, in regards to Ghosn, numerous other significant acts of misconduct have


Here is the full statement from Nissan regarding allegations against Chairman Carlos Ghosn and Representative Director Greg Kelly:YOKOHAMA, Japan – Based on a whistleblower report, Nissan Motor Co., Ltd. (Nissan) has been conducting an internal investigation over the past several months regarding misconduct involving the company’s Representative Director and Chairman Carlos Ghosn and Representative Director Greg Kelly. Also, in regards to Ghosn, numerous other significant acts of misconduct have
Read the full statement from Nissan regarding allegations against Chairman Carlos Ghosn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: terri cullen
Keywords: news, cnbc, companies, uncovered, ghosn, regarding, carlos, read, statement, director, representative, investigation, nissan, misconduct, chairman, allegations, greg


Read the full statement from Nissan regarding allegations against Chairman Carlos Ghosn

Here is the full statement from Nissan regarding allegations against Chairman Carlos Ghosn and Representative Director Greg Kelly:

YOKOHAMA, Japan – Based on a whistleblower report, Nissan Motor Co., Ltd. (Nissan) has been conducting an internal investigation over the past several months regarding misconduct involving the company’s Representative Director and Chairman Carlos Ghosn and Representative Director Greg Kelly.

The investigation showed that over many years both Ghosn and Kelly have been reporting compensation amounts in the Tokyo Stock Exchange securities report that were less than the actual amount, in order to reduce the disclosed amount of Carlos Ghosn’s compensation.

Also, in regards to Ghosn, numerous other significant acts of misconduct have been uncovered, such as personal use of company assets, and Kelly’s deep involvement has also been confirmed.

Nissan has been providing information to the Japanese Public Prosecutors Office and has been fully cooperating with their investigation. We will continue to do so.

As the misconduct uncovered through our internal investigation constitutes clear violations of the duty of care as directors, Nissan’s Chief Executive Officer Hiroto Saikawa will propose to the Nissan Board of Directors to promptly remove Ghosn from his positions as Chairman and Representative Director.

Saikawa will also propose the removal of Greg Kelly from his position as Representative Director. Nissan deeply apologizes for causing great concern to our shareholders and stakeholders. We will continue our work to identify our governance and compliance issues, and to take appropriate measures.


Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: terri cullen
Keywords: news, cnbc, companies, uncovered, ghosn, regarding, carlos, read, statement, director, representative, investigation, nissan, misconduct, chairman, allegations, greg


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Management guru Sonnenfeld slams Facebook COO Sandberg, saying she ‘probably should be replaced’

Management guru Jeffrey Sonnenfeld on Friday called for a leadership shake up at Facebook, slamming COO Sheryl Sandberg after her denial of a New York Times report that she ignored Russian activity on the social network and thwarted investigations. Sandberg should “probably should be replaced,” said Sonnenfeld, senior associate dean for leadership studies at Yale University. Meanwhile, Facebook’s Mark Zuckerberg should no longer be chairman, Sonnenfeld argued, saying the co-founder should focus


Management guru Jeffrey Sonnenfeld on Friday called for a leadership shake up at Facebook, slamming COO Sheryl Sandberg after her denial of a New York Times report that she ignored Russian activity on the social network and thwarted investigations. Sandberg should “probably should be replaced,” said Sonnenfeld, senior associate dean for leadership studies at Yale University. Meanwhile, Facebook’s Mark Zuckerberg should no longer be chairman, Sonnenfeld argued, saying the co-founder should focus
Management guru Sonnenfeld slams Facebook COO Sandberg, saying she ‘probably should be replaced’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: tyler clifford
Keywords: news, cnbc, companies, sonnenfeld, washington, slams, probably, management, york, chairman, social, coo, sandberg, times, facebook, squawk, zuckerberg, replaced, guru, stringer, saying


Management guru Sonnenfeld slams Facebook COO Sandberg, saying she 'probably should be replaced'

Management guru Jeffrey Sonnenfeld on Friday called for a leadership shake up at Facebook, slamming COO Sheryl Sandberg after her denial of a New York Times report that she ignored Russian activity on the social network and thwarted investigations.

Sandberg should “probably should be replaced,” said Sonnenfeld, senior associate dean for leadership studies at Yale University. She’s “completely dispensable,” he said on CNBC’s “Squawk Box,” adding that she should at least be put on probation.

Meanwhile, Facebook’s Mark Zuckerberg should no longer be chairman, Sonnenfeld argued, saying the co-founder should focus on being just the CEO and to “perform a lot of the great fixes” to the brand.

Someone like board member Erskine Bowles — a longtime anti-debt crusader in Washington and also White House chief of staff under former President Bill Clinton — should be made chairman, Sonnenfeld said. He went on to say that Facebook should also return former Washington Post publisher Don Graham to the company’s board. Graham was a “great mentor to Mark Zuckerberg when he was hiding under the hoodie.”

New York City Comptroller Scott Stringer, appearing later Friday morning on “Squawk Alley,” said the Times’ expose was “damaging” and “confirmed our worse nightmare.”

Criticizing the company’s structure, he also said the best practice would be to install a new chairman. “You separate the chair from the CEO. They’re two different responsibilities,” he argued. “Someone has to oversee the work of Mr. Zuckerberg and Ms. Sandberg.”

The comptroller’s office overseas New York City’s $195 billion pension program that includes 4.5 million shares of the social media firm. At around $138 per share, that’s about a $620 million stake.

“Our job is not to get out of companies. Our job is to stay and make sure these companies create the greater return” for teachers, police officers, firefighters, and other people on the city’s public pension fund, Stringer said.

Shares of Facebook were under intense pressure Friday — down about 36 percent from their 52-week highs in July.

Facebook didn’t immediately respond to CNBC’s request for comment.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: tyler clifford
Keywords: news, cnbc, companies, sonnenfeld, washington, slams, probably, management, york, chairman, social, coo, sandberg, times, facebook, squawk, zuckerberg, replaced, guru, stringer, saying


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Grassley opts for finance chair, Graham poised to lead Judiciary Committee

Senate Judiciary Committee Chairman Chuck Grassley announced Friday that he wants to serve as the leader of the Senate Finance Committee in the new Congress — a move that puts Sen. Lindsey Graham directly in line to become the Judiciary Committee chairman. Graham, an ally of President Donald Trump, would be poised as chairman of the Judiciary Committee to usher Trump’s judicial nominees through to their final votes on the Senate floor. In terms of seniority, Graham is technically third in line i


Senate Judiciary Committee Chairman Chuck Grassley announced Friday that he wants to serve as the leader of the Senate Finance Committee in the new Congress — a move that puts Sen. Lindsey Graham directly in line to become the Judiciary Committee chairman. Graham, an ally of President Donald Trump, would be poised as chairman of the Judiciary Committee to usher Trump’s judicial nominees through to their final votes on the Senate floor. In terms of seniority, Graham is technically third in line i
Grassley opts for finance chair, Graham poised to lead Judiciary Committee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: kevin breuninger, chip somodevilla, getty images
Keywords: news, cnbc, companies, opts, chair, graham, statement, serve, finance, senate, committee, grassley, continue, chairman, poised, judiciary, lead


Grassley opts for finance chair, Graham poised to lead Judiciary Committee

Senate Judiciary Committee Chairman Chuck Grassley announced Friday that he wants to serve as the leader of the Senate Finance Committee in the new Congress — a move that puts Sen. Lindsey Graham directly in line to become the Judiciary Committee chairman.

“Looking ahead, at the Finance Committee, I want to continue to work to make sure that as many Americans as possible get to experience this good economy for themselves,” Grassley, R-Iowa, said in a statement from his office.

Graham, an ally of President Donald Trump, would be poised as chairman of the Judiciary Committee to usher Trump’s judicial nominees through to their final votes on the Senate floor. And he could potentially be tasked with overseeing the nomination of Supreme Court justices if any of the nine high-court judges — two of whom are over 80 years old — retire or die while Graham is chairman.

Graham, R-S.C., said in a statement, “If I am fortunate enough to be selected by my colleagues to serve as Chairman, I will push for the appointment and Senate confirmation of highly qualified conservative judges to the federal bench and aggressive oversight of the Department of Justice and FBI.”

He added: “Finally, I will continue to seek common sense, bipartisan solutions to major issues facing our nation.”

In terms of seniority, Graham is technically third in line in the Judiciary Committee majority’s rankings. But the No. 2 lawmaker, Sen. Orrin Hatch, R-Utah, is retiring at the end of his current term.

Hatch, who currently leads the Finance Committee, said in a statement that the Senate panel “will be in good hands with Senator Grassley at the helm.”

He added: “Chuck has a proven history of leadership at the committee and knows the ins and outs of its sprawling jurisdiction. I am confident Chairman Grassley will carry out a robust agenda that will build on tax reform’s recent success and continue to make progress in the health care, trade and oversight spaces.”

Senate committee leaders are elected before the start of each new Congress by the majority party’s conference.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: kevin breuninger, chip somodevilla, getty images
Keywords: news, cnbc, companies, opts, chair, graham, statement, serve, finance, senate, committee, grassley, continue, chairman, poised, judiciary, lead


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3 pieces of priceless advice from Marvel Comics legend Stan Lee

Marvel Comics’ legendary writer and chairman emeritus Stan Lee passed away on Monday at the age of 95 after a decades-long career in which he had a hand in creating some of comic books’ most celebrated characters. In the 1990s, Lee became chairman emeritus at Marvel, reportedly collecting a $1 million-a-year salary. Disney acquired Marvel for $4 billion in 2009, and Lee made a point of making cameos in every big-budget Marvel movie released in subsequent years. Over the past decade, movies based


Marvel Comics’ legendary writer and chairman emeritus Stan Lee passed away on Monday at the age of 95 after a decades-long career in which he had a hand in creating some of comic books’ most celebrated characters. In the 1990s, Lee became chairman emeritus at Marvel, reportedly collecting a $1 million-a-year salary. Disney acquired Marvel for $4 billion in 2009, and Lee made a point of making cameos in every big-budget Marvel movie released in subsequent years. Over the past decade, movies based
3 pieces of priceless advice from Marvel Comics legend Stan Lee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: tom huddleston jr, getty images, washington post
Keywords: news, cnbc, companies, comics, emeritus, chairman, characters, priceless, marvel, iconic, stan, comic, career, advice, movies, legend, lee, pieces


3 pieces of priceless advice from Marvel Comics legend Stan Lee

Marvel Comics’ legendary writer and chairman emeritus Stan Lee passed away on Monday at the age of 95 after a decades-long career in which he had a hand in creating some of comic books’ most celebrated characters. From Spider-Man to the Incredible Hulk and the X-Men, Lee left behind a legacy filled with iconic superheroes who have thrilled readers and moviegoers for generations.

Born in New York City in 1922, Lee started working at Marvel (previously known as Timely Comics and then Atlas Comics) at 17 and went on serve as Marvel’s top editor, and then publisher for over five decades. During that time, the iconic comics house helped introduce characters like the Fantastic Four, Iron Man and Thor — all of whom continue to be featured in popular comic books and movies today.

In the 1990s, Lee became chairman emeritus at Marvel, reportedly collecting a $1 million-a-year salary. Disney acquired Marvel for $4 billion in 2009, and Lee made a point of making cameos in every big-budget Marvel movie released in subsequent years. Over the past decade, movies based on Marvel Comics characters have grossed over $17.5 billion in total worldwide ticket sales, according to Box Office Mojo.

Throughout his career, Lee shared advice for achieving success, as well as some personal stories about how he overcame failure and the occasional creative block to become one of the world’s most famous comic book creators.

Here is some pieces of Lee’s best advice:


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: tom huddleston jr, getty images, washington post
Keywords: news, cnbc, companies, comics, emeritus, chairman, characters, priceless, marvel, iconic, stan, comic, career, advice, movies, legend, lee, pieces


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UBS Chairman Weber: Central banks are keeping cautious faith in policy normalization

The chairman of UBS told CNBC that central banks around the world will stick to the path of policy normalization in a bid to avoid the risk of volatility in markets. Policy normalization is the attempt by central banks to reduce the size of their balance sheet and raise benchmark interest rates so that monetary policy returns to the environment prior to the global financial crisis in 2008. Speaking to CNBC’s Joumanna Bercetche in an exclusive interview at the UBS European Conference in London on


The chairman of UBS told CNBC that central banks around the world will stick to the path of policy normalization in a bid to avoid the risk of volatility in markets. Policy normalization is the attempt by central banks to reduce the size of their balance sheet and raise benchmark interest rates so that monetary policy returns to the environment prior to the global financial crisis in 2008. Speaking to CNBC’s Joumanna Bercetche in an exclusive interview at the UBS European Conference in London on
UBS Chairman Weber: Central banks are keeping cautious faith in policy normalization Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: david reid
Keywords: news, cnbc, companies, normalization, monetary, keeping, chairman, central, cautious, volatility, faith, policy, global, weber, rates, markets, banks, ubs


UBS Chairman Weber: Central banks are keeping cautious faith in policy normalization

The chairman of UBS told CNBC that central banks around the world will stick to the path of policy normalization in a bid to avoid the risk of volatility in markets.

Policy normalization is the attempt by central banks to reduce the size of their balance sheet and raise benchmark interest rates so that monetary policy returns to the environment prior to the global financial crisis in 2008.

Speaking to CNBC’s Joumanna Bercetche in an exclusive interview at the UBS European Conference in London on Wednesday, Axel Weber said that global liquidity, while still increasing would soon start to shrink as central banks stopped buying assets.

“That’s going to produce a headwind to global markets, but the central banks are confident enough they can manage the situation and that their monetary policy normalization is the right way to go,” said Weber.

Weber said central banks fear that continued easy monetary policy will build up risks in markets as volatility grows, putting strain on any financial instabilities.

The U.S. Federal reserve has led the charge in raising interest rates, leading to some criticism that the world’s most influential central bank could choke off economic growth. That concern has been reflected in equity markets. The Dow Jones Industrial Average lost 600 points on Monday, and as of Tuesday 65 percent of S&P 500 stocks were considered to be in correction territory.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: david reid
Keywords: news, cnbc, companies, normalization, monetary, keeping, chairman, central, cautious, volatility, faith, policy, global, weber, rates, markets, banks, ubs


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Chuck Schumer and Mitch McConnell re-elected as Senate picks leadership for next Congress

Sen. Mitch McConnell, R-Ky., cruised to re-election as majority leader. The majority leader is the highest-ranking member of the Senate, followed by the majority whip. 2 position as Majority Whip in accordance with the Senate GOP rules imposing a three-term limit on most of the top slots. He will be replaced by GOP Sen. John Thune of South Dakota — a promotion from his prior post as GOP conference chairman. Republican House leadership elections are set to be held later Wednesday, around 1 p.m.


Sen. Mitch McConnell, R-Ky., cruised to re-election as majority leader. The majority leader is the highest-ranking member of the Senate, followed by the majority whip. 2 position as Majority Whip in accordance with the Senate GOP rules imposing a three-term limit on most of the top slots. He will be replaced by GOP Sen. John Thune of South Dakota — a promotion from his prior post as GOP conference chairman. Republican House leadership elections are set to be held later Wednesday, around 1 p.m.
Chuck Schumer and Mitch McConnell re-elected as Senate picks leadership for next Congress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: kevin breuninger, tom williams, cq roll call, getty images
Keywords: news, cnbc, companies, gop, schumer, republican, picks, leader, senate, leadership, congress, chair, chuck, chairman, policy, reelected, mcconnell, sen, majority, house, mitch


Chuck Schumer and Mitch McConnell re-elected as Senate picks leadership for next Congress

The slate of Senate leaders for both major political parties will be picked in closed-door elections Wednesday, and while most of the top brass are expected to hold onto their power, a few key shifts are expected.

Sen. Mitch McConnell, R-Ky., cruised to re-election as majority leader. Sen. Chuck Schumer, D-N.Y., was re-elected minority leader, NBC News reported.

Both leaders were all but assured to retain their positions in the wake of the midterm elections last week, where Republicans expanded their gains in the Senate by defeating multiple red-state Democrats.

The majority leader is the highest-ranking member of the Senate, followed by the majority whip. The two leaders represent the Republican party on the Senate floor and gather votes for legislation. The policy committee chair leads the committee’s research efforts for Republican senators, while the conference chair and vice-chair manage the party’s communications strategy.

McConnell, 76, who has served in Senate leadership longer than any other Republican, has not been challenged by his party since becoming leader in 2006, according to NPR. He’s held a vice grip on the role even as he remains among the least popular senators in the country, a Morning Consult survey from October showed.

Below him, Sen. John Cornyn, R-Texas, is leaving his No. 2 position as Majority Whip in accordance with the Senate GOP rules imposing a three-term limit on most of the top slots. He will be replaced by GOP Sen. John Thune of South Dakota — a promotion from his prior post as GOP conference chairman. That role goes to Sen. John Barrasso, R-Wyo., who is current Republican Policy Committee chairman.

Missouri Republican Sen. Roy Blunt rises to Policy Committee chairman, leaving his current slot as GOP conference vice-chair open. Sen. Joni Ernst, R-Iowa, beat Sen. Deb Fischer of Nebraska to become the next Republican conference vice-chair.

Sen. Todd Young, R-Ind., will replace Colorado Sen. Cory Gardner as the chairman of the National Republican Senatorial Committee.

Democratic leadership in the Senate remained the same after the elections, as expected.

Dick Durbin, D-Ill., Minority Whip

Patty Murray, D-Wash., Assistant Democratic Leader

Debbie Stabenow, D-Mich., Chairwoman of Policy and Communications Committee

Elizabeth Warren, D-Mass., Vice Chair of Conference

Mark Warner, D-Va., Vice Chair of Conference

Amy Klobuchar, D-Minn., Chair of Steering Committee

Bernie Sanders, I-Vt., Chairman of Outreach

Joe Manchin, D-W.V., Vice Chairman of Policy and Communications Committee

Tammy Baldwin, D-Wis., Secretary of Conference

The relative certainty of the Senate outcome is a far cry from the House, where majority control will shift to Democrats in January. In that chamber, a band of red-state representatives elect in the party have already pledged not to vote for House Minority Leader Nancy Pelosi, D-Calif., to become Speaker of the House. But there appear to be few, if any, serious challengers to Pelosi for the role, and she has made it clear that she is “a hundred percent” confident she will become Speaker.

A number of Republicans are also vying for House Minority Leader, including Kevin McCarthy and Jim Jordan. The top GOP post in the Democrat-controlled House became especially competitive after Speaker of the House Paul Ryan, R-Wis., announced in April that he would not seek re-election after the end of his current term.

With its GOP majority intact, the Senate is expected to be a bulwark for President Donald Trump against the House, whose likely Democratic committee leaders have promised to launch investigations into the president’s finances and further their probes of Russian election meddling.

Republican House leadership elections are set to be held later Wednesday, around 1 p.m. ET.

This is a developing story. Please check back for updates.

— CNBC’s Carmin Chappell contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: kevin breuninger, tom williams, cq roll call, getty images
Keywords: news, cnbc, companies, gop, schumer, republican, picks, leader, senate, leadership, congress, chair, chuck, chairman, policy, reelected, mcconnell, sen, majority, house, mitch


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Virgin Hyperloop One seeing ‘big interest’ from Saudi investors, chairman says

Virgin Hyperloop One, one of the best-known players developing the high-speed transportation technology, is attracting “big interest” from Saudi investors, the company’s newly appointed chairman said Monday. “There is a big interest in Hyperloop in Saudi Arabia,” Ahmed bin Sulayem told CNBC’s Dan Murphy in an interview Monday. Sulayem is also group chairman and chief executive of Dubai-headquartered port operator DP World, which is a major investor in Virgin Hyperloop One. “We had good discussio


Virgin Hyperloop One, one of the best-known players developing the high-speed transportation technology, is attracting “big interest” from Saudi investors, the company’s newly appointed chairman said Monday. “There is a big interest in Hyperloop in Saudi Arabia,” Ahmed bin Sulayem told CNBC’s Dan Murphy in an interview Monday. Sulayem is also group chairman and chief executive of Dubai-headquartered port operator DP World, which is a major investor in Virgin Hyperloop One. “We had good discussio
Virgin Hyperloop One seeing ‘big interest’ from Saudi investors, chairman says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: ryan browne, source, hyperloop one
Keywords: news, cnbc, companies, interest, sulayem, seeing, arabia, virgin, big, saudi, transportation, technology, hyperloop, month, investors, company, chairman


Virgin Hyperloop One seeing 'big interest' from Saudi investors, chairman says

Virgin Hyperloop One, one of the best-known players developing the high-speed transportation technology, is attracting “big interest” from Saudi investors, the company’s newly appointed chairman said Monday.

“There is a big interest in Hyperloop in Saudi Arabia,” Ahmed bin Sulayem told CNBC’s Dan Murphy in an interview Monday. “I think when the right time comes, we will restart talking to Saudi Arabia about their plans and how Hyperloop can fit in those plans,” he added.

Sulayem is also group chairman and chief executive of Dubai-headquartered port operator DP World, which is a major investor in Virgin Hyperloop One. He was appointed as Richard Branson’s successor shortly after the British billionaire departed his role as chairman of the firm.

Branson left the position last month, stating the company would need a “more hands-on” chairperson, and that it would be “difficult” for him to continue in the role due to constraints resulting from his work in philanthropy and Virgin Group’s various business units.

The executive’s exit from the company followed uncertainty around whether Virgin Hyperloop One would continue to conduct business with Saudi Arabia, owing to Branson distancing himself from the country after the murder of Saudi journalist Jamal Khashoggi. Branson suspended negotiations over a proposed $1 billion investment in Virgin’s space companies, Virgin Galactic and Virgin Orbit, after Khashoggi’s death.

A Financial Times report last month added to that uncertainty, claiming that Saudi Arabia had cancelled a planned deal to conduct a feasibility study with Virgin Hyperloop One. However, this was later contradicted by a CNBC report that said the firm was still in talks with the Saudis to reach a deal.

For Sulayem’s part, he said that any talks over a Saudi deal with Virgin Hyperloop One would likely come after the completion of a project in India. He said it was better to concentrate on “a project we have in hand” in India, and then look to push expansion into other markets.

“We had good discussions with Saudi Arabia and they had interest in utilizing Hyperloop,” Sulayem said. “This is something we’re going to discuss with them hopefully in the next few months.”

Multiple firms are attempting to dominate the space with their own versions of hyperloop technology. The technology, which involves pods that are propelled through low-pressure tubes at ultra-fast speeds, was first envisioned by Tesla Chief Executive Elon Musk in 2013.

Musk’s SpaceX and The Boring Company are working to implement hyperloop systems in the U.S., while Hyperloop Transportation Technologies and TransPod are also competing to build their own versions of the technology.

Virgin Hyperloop One’s Sulayem said the firm’s technology was “very interesting” and “could transform really the way people travel en masse.”

“The company has I think a good opportunity today because they have completed more than anyone else in this field and hopefully India will be the first one,” he added. The company is also seeking to build its hyperloop transportation system in the United Arab Emirates. It also announced a deal with DP World earlier this year to form a hyperloop that transports cargo at ultra-fast speeds.

While still serving as Virgin Hyperloop One’s chairman, Branson told CNBC last month that rides on the company’s hyperloop would cost “no more than a high-speed trainline ticket.”


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: ryan browne, source, hyperloop one
Keywords: news, cnbc, companies, interest, sulayem, seeing, arabia, virgin, big, saudi, transportation, technology, hyperloop, month, investors, company, chairman


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How the new Tesla chairman Robyn Denholm thinks about leadership and risk-taking

Elon Musk has a new boss, and she has strong views about technology, risk-taking and leadership. Tesla announced on Wednesday night that Australian telecom executive and chair of Tesla’s audit committee Robyn Denholm will take over from Elon Musk as chair of the company. Denholm is from Australia, and has worked for Toyota, Sun Microsystems, Juniper Networks and Telstra. She will depart from the company in six months to focus on her new gig at Tesla full-time. Over the years, in print and video


Elon Musk has a new boss, and she has strong views about technology, risk-taking and leadership. Tesla announced on Wednesday night that Australian telecom executive and chair of Tesla’s audit committee Robyn Denholm will take over from Elon Musk as chair of the company. Denholm is from Australia, and has worked for Toyota, Sun Microsystems, Juniper Networks and Telstra. She will depart from the company in six months to focus on her new gig at Tesla full-time. Over the years, in print and video
How the new Tesla chairman Robyn Denholm thinks about leadership and risk-taking Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: edward mckinley, special to cnbccom, shironosov, getty images, source, tim rue, bloomberg
Keywords: news, cnbc, companies, elon, world, worked, company, telstra, leadership, video, thinks, tesla, robyn, chairman, risktaking, views, musk, denholm, chair


How the new Tesla chairman Robyn Denholm thinks about leadership and risk-taking

Elon Musk has a new boss, and she has strong views about technology, risk-taking and leadership.

Tesla announced on Wednesday night that Australian telecom executive and chair of Tesla’s audit committee Robyn Denholm will take over from Elon Musk as chair of the company. Musk agreed to surrender the position for three years in his settlement with the SEC over fraud allegations.

Denholm is from Australia, and has worked for Toyota, Sun Microsystems, Juniper Networks and Telstra. She was promoted from COO to CFO and head of strategy at Telstra, Australia’s largest telecommunications company, earlier this year. She will depart from the company in six months to focus on her new gig at Tesla full-time.

She has been on the board since 2014 so is not a true outsider pick for chairman, but Denholm is expected to serve as a counterbalance to Musk.

Over the years, in print and video interviews and articles she has penned, Denholm has covered many topics. Here are five of the most interesting and relevant views she has expressed as she takes on two roles — reining in Elon Musk, and helping to run one of the most closely followed public companies in the world.


Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: edward mckinley, special to cnbccom, shironosov, getty images, source, tim rue, bloomberg
Keywords: news, cnbc, companies, elon, world, worked, company, telstra, leadership, video, thinks, tesla, robyn, chairman, risktaking, views, musk, denholm, chair


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NASCAR makes offer to acquire International SpeedWay for $42 per share

NASCAR announced on Friday it offered to acquire International Speedway for $42 per share. This will combine the two companies into one private company under the France family. “In a highly competitive sports and entertainment landscape, a more unified strategic approach is important to our future growth,” said Jim France, chairman of ISC and chairman and chief executive officer of NASCAR. International Speedway has formed a special committee to consider the deal, and no decisions have been made


NASCAR announced on Friday it offered to acquire International Speedway for $42 per share. This will combine the two companies into one private company under the France family. “In a highly competitive sports and entertainment landscape, a more unified strategic approach is important to our future growth,” said Jim France, chairman of ISC and chairman and chief executive officer of NASCAR. International Speedway has formed a special committee to consider the deal, and no decisions have been made
NASCAR makes offer to acquire International SpeedWay for $42 per share Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: waverly colville, source, nascar racing experience
Keywords: news, cnbc, companies, acquire, viewership, company, france, deal, wall, nascar, offer, international, vegas, unified, speedway, share, makes, 42, chairman


NASCAR makes offer to acquire International SpeedWay for $42 per share

NASCAR announced on Friday it offered to acquire International Speedway for $42 per share. This will combine the two companies into one private company under the France family.

“In a highly competitive sports and entertainment landscape, a more unified strategic approach is important to our future growth,” said Jim France, chairman of ISC and chairman and chief executive officer of NASCAR. “We believe the industry requires structural changes to best position the sport for long term success and this offer represents a positive step forward in that direction.”

International Speedway has formed a special committee to consider the deal, and no decisions have been made yet. Shares were up nearly 3 percent in after-hours trading Friday.

NASCAR has been having troubles these past few years. Sponsors are the majority of NASCAR’s income, and Target ended its deal after 16 years with NASCAR, for example. The Wall Street Journal reported that TV viewership has been down 45 percent since its peak in 2005. The company also built new tracks in Las Vegas and Southern California while shutting down some of its speedways in the South, where a lot of fans come from.


Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: waverly colville, source, nascar racing experience
Keywords: news, cnbc, companies, acquire, viewership, company, france, deal, wall, nascar, offer, international, vegas, unified, speedway, share, makes, 42, chairman


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Alibaba says it will help China buy $200 billion in goods in the next five years

SHANGHAI, China — E-commerce giant Alibaba announced Tuesday it plans to help global businesses sell $200 billion in goods to China in the next five years. A day earlier, Chinese President Xi Jinping said his country will import $30 trillion in goods and $10 trillion in services over the next 15 years. JD.com, Alibaba’s domestic e-commerce rival, announced Monday it will purchase nearly 100 billion yuan ($14.4 billion) in overseas brands’ goods. Zhang’s comments echoed outgoing Alibaba Chairman


SHANGHAI, China — E-commerce giant Alibaba announced Tuesday it plans to help global businesses sell $200 billion in goods to China in the next five years. A day earlier, Chinese President Xi Jinping said his country will import $30 trillion in goods and $10 trillion in services over the next 15 years. JD.com, Alibaba’s domestic e-commerce rival, announced Monday it will purchase nearly 100 billion yuan ($14.4 billion) in overseas brands’ goods. Zhang’s comments echoed outgoing Alibaba Chairman
Alibaba says it will help China buy $200 billion in goods in the next five years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: evelyn cheng, bloomberg, getty images
Keywords: news, cnbc, companies, buy, china, help, goods, 200, ma, chairman, trade, alibaba, ecommerce, chinese, import, billion


Alibaba says it will help China buy $200 billion in goods in the next five years

SHANGHAI, China — E-commerce giant Alibaba announced Tuesday it plans to help global businesses sell $200 billion in goods to China in the next five years.

A day earlier, Chinese President Xi Jinping said his country will import $30 trillion in goods and $10 trillion in services over the next 15 years. China’s trade deficit with the U.S. — which hit a record high in September — has been targeted by the Trump administration with tariffs this year.

“We hope through globalization to use China’s consumer market to bring the whole world’s goods to China,” Alibaba CEO Daniel Zhang said during a speech at the “Global Import Leadership Summit,” hosted by the Chinese e-commerce giant and the China Council for the Promotion of International Trade.

“Especially some small and medium sized enterprises, they need to open their market in China,” Zhang said, according to a CNBC translation. The event took place on the sidelines of the China International Import Expo, which is part of a major Chinese effort to present the country as an anti-protectionist consumer of the world’s goods.

JD.com, Alibaba’s domestic e-commerce rival, announced Monday it will purchase nearly 100 billion yuan ($14.4 billion) in overseas brands’ goods. No timeframe was given.

Zhang’s comments echoed outgoing Alibaba Chairman Jack Ma’s push to work with small business on the company’s e-commerce platforms.

Ma said in September that Alibaba can no longer fulfill his promise of creating 1 million U.S. jobs due to trade tensions.

At a separate event on Monday alongside the expo, Ma called the U.S.-China trade war the “most stupid thing in this world,” according to Reuters and state media reports.

Zhang is set to succeed Ma as chairman of the board next September. Until that time, Ma will remain executive chairman. He plans to stay on the board of directors through the 2020 annual shareholders meeting while focusing more of his time on philanthropy and education.

Last week, Alibaba lowered its fiscal 2019 revenue guidance by 4 to 6 percent.


Company: cnbc, Activity: cnbc, Date: 2018-11-06  Authors: evelyn cheng, bloomberg, getty images
Keywords: news, cnbc, companies, buy, china, help, goods, 200, ma, chairman, trade, alibaba, ecommerce, chinese, import, billion


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