The largest private healthcare provider in the United Arab Emirates is listed in London on the blue-chip FTSE 100 index but has come under increasing pressure after shareholder Muddy Waters raised questions over its finances, prompting major investors to sell out, sending its share price tumbling.
The Alphabet unit argued that additional amounts tacked on to the fine imposed by the European Commission in 2017 to deter anti-competitive behavior known as a deterrent multiplier and another multiplier factor was excessive and unwarranted.
In 2015 VW was caught by regulators using manipulated engine management software to mask excessive pollution levels in its diesel cars, sparking a raft of prosecutions and lawsuits.
Amazon this week challenged the investigation in a court in Bengaluru and the court has granted a stay of two months, according to a lawyer from P&A Law Offices representing Amazon and two other legal counsels involved in the matter.
Corbat’s total compensation included a base salary of $1.5 million plus cash bonuses of about $6.75 million, equity awards of nearly $7.9 million, and a long-term performance based pay worth $7.9 million. (bit.ly/2uPC4Jd)
SEC Commissioner Elad Roisman, the lead commissioner on the agency’s long-awaited proxy proposal that seeks to change how investors hold companies accountable, said that he is “open to changing his mind” on the direction of the corporate governance measure, but after addressing what he sees as unhelpful comments.
The move is a few days after the new chief executive formally took charge of SoftBank-controlled WeWork. Earlier in February, WeWork named Mathrani as its CEO. [nL1N2A1074]
The appointment of Hasker, a senior adviser at private equity firm TPG and former McKinsey & Co media consultant, could be announced as soon as Tuesday, when the Toronto-based company reports its fourth-quarter results, one of the sources said.
In a highly critical report, FINMA said there had been scores of failings at Switzerland’s third-largest listed bank, such as its acceptance of a 70 million Swiss franc ($71 million) transfer for a Venezuelan customer in 2014 despite knowing he was accused of corruption.
As a result, Daimler’s Chief Financial Officer Harald Wilhelm will take over responsibility as finance chief at Mercedes-Benz AG from April 1 and Mercedes-Benz Chief Financial Officer Frank Lindenberg will leave, the company said.
Witter, who is 60 years old, declined to extend his contract by five years for personal reasons and is instead opting for a nine-month extension this autumn, the magazine added.
“No longer are tech companies the underdog upstarts. They have become titans,” Barr said at a public meeting held by the Justice Department to examine the future of Section 230 of the Communications Decency Act.