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Reckitt picks PepsiCo man as CEO, going outside for first time

2 weeks ago DieselGasoil Comments Off on Reckitt picks PepsiCo man as CEO, going outside for first time
(Reuters) – Consumer goods group Reckitt Benckiser has picked PepsiCo executive Laxman Narasimhan as its next chief executive, becoming the latest industry heavyweight to turn to a company outsider to tackle faltering growth and new media-savvy rivals. FILE PHOTO: Products produced by Reckitt Benckiser; Vanish, Finish, Dettol and Harpic, are seen in London, Britain February Read More

Reckitt picks PepsiCo executive as next CEO

2 weeks ago DieselGasoil Comments Off on Reckitt picks PepsiCo executive as next CEO
(Reuters) – British consumer goods giant Reckitt Benckiser on Wednesday named PepsiCo executive Laxman Narasimhan as its next chief executive officer, to succeed Rakesh Kapoor. FILE PHOTO: Products produced by Reckitt Benckiser; Vanish, Finish, Dettol and Harpic, are seen in London, Britain February 12, 2008. REUTERS/Stephen Hird/File Photo Narasimhan, PepsiCo’s global chief commercial officer, will Read More

Nissan CEO got higher stock-linked bonus after payout date changed, former director Kelly says

2 weeks ago DieselGasoil Comments Off on Nissan CEO got higher stock-linked bonus after payout date changed, former director Kelly says
TOKYO (Reuters) – Nissan Motor Co Ltd Chief Executive Hiroto Saikawa was granted an exception in 2013 to reschedule a stock-linked bonus that bumped up the payout by 47 million yen ($432,382), former Representative Director Greg Kelly told magazine Bungei Shunju. FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference Read More

Cuba’s private-sector workers say Trump’s travel curbs will hurt them too

3 weeks ago DieselGasoil Comments Off on Cuba’s private-sector workers say Trump’s travel curbs will hurt them too
HAVANA (Reuters) – Lazaro Hernandez, who has made a good living showing U.S. cruise ship passengers around Havana in his pink 1950s Chevrolet, says the new U.S. ban on cruises to Cuba will wipe out 90% of his business overnight. Hernandez is one of thousands of Cubans who benefited from the boom in American visitors Read More

‘White-collar sweatshop’: Google Assistant contractors slam tech giant

4 weeks ago DieselGasoil Comments Off on ‘White-collar sweatshop’: Google Assistant contractors slam tech giant
Google’s use of artificial intelligence to power many of its products, including its Google Assistant, inspires awe and praise. Although the Assistant can book a restaurant reservation and translate live conversations in two dozen languages, a group of contractors toiling behind the scenes builds the gigantic data sets required to power the technology. According to a Read More

‘Complete nonsense’: Elon Musk denies Tesla toilet paper shortage reports

4 weeks ago DieselGasoil Comments Off on ‘Complete nonsense’: Elon Musk denies Tesla toilet paper shortage reports
Tesla founder Elon Musk has denied reports that things have gotten so bad at the self-driving car company that even toilet paper is being rationed. “This is complete nonsense,” Musk tweeted under an Electrek Co. article that claimed Tesla’s ‘hardcore’ cost-cutting efforts extended to cutting back on office supplies, including toilet paper. This is complete Read More

Fiat Chrysler’s Italian headaches show challenges of global tie-up

4 weeks ago DieselGasoil Comments Off on Fiat Chrysler’s Italian headaches show challenges of global tie-up
TURIN, Italy/LONDON (Reuters) – Fiat Chrysler has been angling for a combination with another automaker for years, and its latest attempt – for a global tie-up with France’s Renault – could address some of the main weaknesses of both companies, sources say. Fiat Chrysler Automobiles (FCA) workers exit the Mirafiori plant in Turin, Italy May Read More

ExxonMobil Permian Development to provide $64 billion in benefits to New Mexico

1 month ago DieselGasoil Comments Off on ExxonMobil Permian Development to provide $64 billion in benefits to New Mexico
5/19/2019 Photo: Darren W. Woods, chairman and CEO, ExxonMobil. IRVING, Texas — ExxonMobil has said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and Read More

Overstock CEO defends personal stock sale after shareholders question move

1 month ago DieselGasoil Comments Off on Overstock CEO defends personal stock sale after shareholders question move
(Reuters) – Overstock.com Inc Chief Executive Officer Patrick Byrne on Friday hit out at shareholders who questioned the sale of a portion of his stake in the company, after the online retailer’s shares plunged on Wednesday following the disclosure of his move. Overstock.com Inc Chief Executive Officer Patrick Byrne. Courtesy Overstock.com/via REUTERS Shares of the Read More

Musk to review all of Tesla’s expenses in new cost cutting plan

1 month ago DieselGasoil Comments Off on Musk to review all of Tesla’s expenses in new cost cutting plan
FILE PHOTO: Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York City, U.S. April 4, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Tesla Inc Chief Executive Officer Elon Musk told employees on Thursday that he, along with new finance head, Read More