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☆ A critical cybersecurity backup plan that too many companies are ignoring
▼ + stars: | 2023-07-24 | by ( Bob Violino | ) www.cnbc.com time to read: +6 min

Approximately 41% of companies do not have a succession plan for their CISO, according to a report from executive recruiting firm Heidrick & Struggles. "We consider not having a CISO succession plan to be a serious material risk that companies can easily mitigate," said Matt Aiello, partner and global cybersecurity practice leader at Heidrick & Struggles. "The lack of a successor could disrupt business-as-usual cybersecurity operations, resulting in delays, gaps in critical cyber risk management activities, and hindered cyber incident response and decision-making," Soo said. "Lack of proper succession planning could result in disruption throughout an organization," he said. CISO succession planning should also involve anticipating future security requirements by considering the evolving nature of the business and technology landscape.

Persons: CISOs, Matt Aiello, Aiello, " Aiello, Daniel Soo, Soo Organizations: Istock, Getty, Companies, Deloitte

☆ Disney CEO Bob Iger called Hollywood strikers 'not realistic.' His critics are calling his $27 million pay package unrealistic.
▼ + stars: | 2023-07-22 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

Disney CEO Bob Iger recently called strikers' expectations "not realistic," quickly drawing criticism. Iger could make over $27 million this year, 535 times the median pay of his employees. An average CEO in 1978 made around 31 times what their average worker made, according to the Economic Policy Institute. In 2020, the average CEO made 346 times what their average worker made. At Disney, the median worker pay is $54,256, according to the company's latest proxy statement.

Persons: Bob Iger, Sean Gunn, Fran Drescher, Iger, Gunn, Drescher, Sen, Bernie Sanders, he'd, Variety, David Zaslav, Reed Hastings, Brian Roberts Organizations: Disney, SAG, Morning, Hollywood, CNBC, Sun Valley Conference, Writers Guild of America, Guardians, Economic, Warner Bros, Netflix, Comcast Locations: Idaho, Los Angeles

☆ India's smartphone shipments stabilize after three quarters of decline, report shows
▼ + stars: | 2023-07-20 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

India's smartphone market stabilized in the second quarter with 36.1 million units shipped, according to a report by Canalys. That figure represents a 1% dip from a year ago, far better than the 20% drop in the first quarter. Compared with the previous quarter, the market grew 18% as inventory levels improved, which Canalys attributed to a better business environment. Samsung continued to dominate in the second quarter, claiming about 18% market share with 6.6 million shipments, according to Canalys. Vivo followed closely shipping 6.4 million phones, while Xiaomi ranked third with 5.4 million shipments.

Persons: Sanyam Chaurasia, Vivo, Xiaomi Organizations: Samsung, Canalys Locations: Old Delhi, India

☆ China to increase support for private firms to bolster recovery
▼ + stars: | 2023-07-19 | by ( Ella Cao And Kevin Yao | ) www.reuters.com time to read: +3 min

Summary Party, cabinet issue policies to support private sectorTo protect private property rights, ensure fair competitionTo create "traffic light" regime for private investorsTo support eligible firms to list and refinanceBEIJING, July 19 (Reuters) - China on Wednesday pledged to make the private economy "bigger, better and stronger" with a series of policy measures designed to help private business and bolster the flagging post-pandemic recovery. The measures include protection for the property rights of private firms and entrepreneurs and steps to ensure fair market competition by breaking down market-entry barriers. They will also create a "traffic light" system to make clear the areas in which private investors are able to invest, as well as encouraging some private companies to issue technology innovation bonds. Private companies will be encouraged to increase investment in areas such as power generation and storage, and the industrial internet. China is also encouraging private enterprises to increase investment in research and development and participate in investment and construction of new types of infrastructure.

Persons: Ella Cao, Kevin Yao, Bernard Orr, Andrew Heavens, Jane Merriman, Sharon Singleton Organizations: Xinhua, Communist Party, Authorities, Thomson Locations: BEIJING, China, Xinhua

Japanese Prime Minister Fumio Kishida set a target in June for women to hold at least 30% of executive positions at leading companies by 2030. The latest initiative to raise female management participation was announced to boost female roles from 2.2% as of July 2022. The results reflect the lack of momentum in Japan towards enhancing the role of women in the workforce to improve diversity and boost economic growth. Respondents to a Reuters survey two years ago were also pessimistic of expanding their female executive ranks. More than half of companies polled said they have hired or plan to hire female managers externally, with 45% of companies introducing or planning to introduce measures to help juggle work and home life.

Persons: Fumio Kishida, Sam Nussey, Anton, Christian Schmollinger Organizations: Japan, Nikkei, Reuters, Nikkei Research, Thomson Locations: TOKYO, Japan, China, Saudi Arabia, Turkey, Japan's

☆ China vows to 'restore and expand' consumption to boost growth
▼ + stars: | 2023-07-18 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

China's top economic state planner vowed Tuesday to "restore and expand" consumption in a wide-ranging plan to bolster growth in the world's second-largest economyChina's top economic state planner vowed Tuesday to "restore and expand" consumption in a wide-ranging plan to bolster growth that includes boosting household income, improving business environment for private firms and stabilizing youth employment. "Consumer purchasing power and expectations are relatively weak, while consumption infrastructure and environment need to be improved," Jin added. On Monday, a raft of weaker-than-expected economic data provided more basis for market watchers to renew calls for policy support to bolster growth. "We will promptly formulate and introduce policies to restore and expand consumption, and issue policies to stabilize large scale consumption, promote the consumption of automobile and electronic products, expand rural consumption, and optimize the consumption environment" Jin added. Within hours, Commerce Ministry followed with an announcement of an 11-point plan to boost the domestic consumption of household consumer goods and services.

Persons: China's, Jin Xiandong, Jin Organizations: National Development, Reform, CNBC, Consumer, Commerce Locations: Beijing, Shanghai

☆ China's top diplomat urges stable ties with India as military tensions simmer
▼ + stars: | 2023-07-15 | by ( ) www.reuters.com time to read: +2 min

BEIJING, July 15 (Reuters) - China's top diplomat Wang Yi told the Indian foreign minister that bilateral ties need to be stabilised, as the two Asian neighbours searched for ways to ease simmering military tensions along their vast border. Since the 1990s, ties have improved after a series of border agreements, and China is now India's second-largest trading partner. China and India need to work in the same direction to find a solution to border issues acceptable to both sides, Wang told Jaishankar during their meeting on Friday. The two sides agreed to hold the next round of military commander-level talks on border issues at an early date, the Chinese foreign ministry said. On India's recent restrictions against Chinese companies, Wang urged a fair, transparent and non-discriminatory business environment for Chinese companies.

Persons: Wang Yi, Wang, Subrahmanyam Jaishankar, Jaishankar, Ryan Woo, Edmund Klamann Organizations: ASEAN, Affairs, Thomson Locations: BEIJING, Indonesian, Jakarta, India, China, New Delhi

☆ Bob Iger says Disney is not sexualizing children in CNBC interview
▼ + stars: | 2023-07-13 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +6 min

New York CNN —Disney CEO Bob Iger said Disney wants to avoid the so-called culture wars but defiantly pushed back against right-wing critics who have claimed Disney is adding inappropriate sexual content to its programming. “The notion that Disney is in any way sexualizing children is preposterous and inaccurate,” Iger said in a CNBC interview Thursday. Some Republican politicians, including Florida Gov. DeSantis has called Disney a “woke” corporation and has tried to make his verbal and legal attacks on Disney a winning political message. Disney (DIS) also owns ESPN, but Iger said that he’s “bullish” on sports and wants to stay in the sports business.

Persons: Bob Iger, Disney, ” Iger, Ron DeSantis, ”, Tucker Carlson, DeSantis, Iger, Bob Chapek, didn’t, Bud Light, “, Disney’s, Hollywood, It’s Organizations: New, New York CNN, Disney, CNBC, Republican, Florida Gov, ” Former Fox News, ABC, Geographic, ESPN, NFL, NBA, “, Hollywood Locations: New York, Florida

☆ How the actors strike will affect your favorite movies and TV shows
▼ + stars: | 2023-07-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

The awards show, as with much in the TV and movie industry, is also very much uncertain right now. But what you can count on is more reality shows, and maybe game shows, and probably more opportunity to binge shows that have already been on your favorite streaming service. Data from film permits in California indicates that production of most shows and movies already has been halted by the writers strike. But most other actors will stop working as soon as the union’s government board votes to go on strike later Thursday. Of course, the writers strike brought an immediate halt to new episodes of US late night shows, so the opportunity to do that sort of publicity was already limited.

Persons: You’ve, ”, Barbie ”, “ Oppenheimer, “, Ted Sarandos, Ronald Reagan, Bob Iger didn’t, Iger, they’ve, Duncan Crabtree Organizations: New, New York CNN, SAG, Writers Guild of America, Netflix, Screen Actors, Disney, Guild, CNBC Locations: New York, California, Ireland

☆ China opposes UK's 'discriminatory actions' against China-linked deals
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

BEIJING/LONDON, July 12 (Reuters) - China firmly opposes what it called the British government's "discriminatory actions" against Chinese firms, the country's embassy in the UK said after London intervened in Chinese-linked takeovers eight times in the last year. The British government said in a report that it had blocked or imposed conditions on eight transactions involving China-linked investment in domestic companies under its National Security and Investment Act in the last year. "We strongly urge the British side to stop its unreasonable suppression of Chinese enterprises and provide a fair, just and non-discriminatory business environment for them," the Chinese embassy in London said on Wednesday. In November Britain ordered Chinese-owned technology company Nexperia to sell at least 86% of Britain's biggest microchip factory, Newport Wafer Fab, following a national security assessment under the law. Britain is attempting something of a reset of relations with China, working together on areas of agreement while balancing national security concerns.

Persons: Ella Cao, Ethan Wang, Bernard Orr, Alistair Smout, Andrew MacAskill, Kate Holton Organizations: London, National Security and Investment, Thomson Locations: BEIJING, LONDON, China, London, Britain, Newport, Beijing

☆ How Singapore has become a leading force in tech innovation
▼ + stars: | 2023-07-07 | by ( Sponsor Post | Created Insider Studios With Edb Singapore | ) www.businessinsider.com time to read: +8 min

Over 13 years ago, AvePoint, a SaaS solutions provider based in New Jersey, recognized the potential of Southeast Asia and found its entry point in Singapore. "While Singapore is a very small country, the country's focus on talent development and productivity results in it leading the forefront of innovation with a strong tech ecosystem for talent and corporate success," he said. In Singapore, ServiceNow was able to access a unique business partnership with Singapore Airlines, the world's most-awarded airline and one of the region's largest customers, developing a system called SQNow, which streamlines and manages IT workflows. "Being successful in Singapore is often a gateway into other markets around Southeast Asia," Nehammer added. Why Singapore's brand continues to thriveSingapore's ascent as a global tech powerhouse is anchored on the pillars of innovation, business networks, and robust tech infrastructure.

Persons: Tianyi Jiang, ServiceNow, it's, Jiang, Nehammer, AvePoint Organizations: ASEAN, Association of Southeast Asian Nations, Singapore government's Smart, Smart, Singapore, Singapore Airlines, NCS, Tech, Monetary Authority of Singapore, MAS, Higher, Insider Studios, Singapore Economic Development Board Locations: Singapore, New Jersey, Southeast Asia, Asia, Rhode

☆ The Ukraine War Changed This Company Forever
▼ + stars: | 2023-07-05 | by ( Patricia Cohen | ) www.nytimes.com time to read: +1 min

Yellow and orange excavators slowly danced around a maze of muddy pits, swinging giant fistfuls of dirt as a chorus line of trucks traipsed across the landscape. This 50-acre plot in Oradea, Romania, close to the border with Hungary, beat out scores of other sites in Europe to become the home of Nokian Tyres’ new 650 million-euro, or $706 million, factory. Like an industrial-minded Goldilocks, the Finnish tire company had searched for the just-right combination of real estate, transport links, labor supply and pro-business environment. Geopolitical risk “was the starting point,” said Jukka Moisio, the chief executive and president of Nokian. That was not the case before Russia invaded Ukraine on Feb. 24, 2022.

Persons: ”, Jukka Moisio Organizations: Nokian Tyres, European Union, Atlantic Treaty Organization, Nokian Locations: Oradea, Romania, Hungary, Europe, Russia, Ukraine

☆ Exeo Group director explains why the company is setting up its global headquarters in Singapore
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExeo Group director explains why the company is setting up its global headquarters in SingaporeDirector of Japan telecommunications and engineering company Exeo Group Fumitoshi Imaizumi says that Singapore's business environment was "the best" when deciding to set up its global headquarters here.

Persons: Fumitoshi Imaizumi Organizations: Exeo, Japan Locations: Singapore

☆ Japan stocks are roaring back. This rally may be different from the 1990's 'bubble high'
▼ + stars: | 2023-06-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

The bubble burst after the Bank of Japan tightened monetary policy at the start of 1990, triggering the collapse of equity and land prices. But analysts who spoke to CNBC said Japan is not headed for another crash like the one during the bubble. Furthermore, "current high inflation rates in Japan are due to higher import costs on the back of a weaker yen and high commodity prices. What led to Japan's bubble? Nikkei reported in March that share buybacks by Japanese companies was set to reach their highest level in 16 years.

Persons: Kazuhiro NOGI, KAZUHIRO NOGI, Nogi, Dong Chen, Ryota Abe, Abe, Japan's, Shinzo Abe, Chen, SMBC, Warren Buffet's Organizations: Nikkei, Getty, Afp, Bank of Japan, CNBC, Sumitomo Mitsui Banking Corporation, Tokyo Exchange, Billionaire, Global Locations: Tokyo, AFP, Japan, China

Recessions haven't always resulted in declining stock markets, and good opportunities can be found amid them. Sectors for recession naysayersThe best sectors for recession disbelievers are the most economically sensitive ones: industrials, materials and financials. Well-positioned companies with good growth prospects currently include: Corteva, Dow Chemical, Ecolab, Linde plc, Martin Marietta Materials, Nucor Corp., PPG Industries and Sherwin-Williams. Currently buyable names include: Campbell Soup Co., General Mills, The Hershey Co., Kellogg's, Kimberly-Clark Corp., Kroger, Procter & Gamble and Walmart. Sector names with reasonable risk levels and good growth prospects include: Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc., Veeva Systems Inc., IQVIA Holdings Inc., Cigna Group and Zoetis Inc.

Persons: Sherwin, Williams, Mayur, Martin Marietta, JPMorgan Chase, Rowe Price, Willis Towers Watson, Campbell, General Mills, Clark, Willie B, Thomas, Digitalvision Organizations: Westend61, University of Michigan Consumer, Investors, Westinghouse Air Brake Co, Cummins Inc, CSX, Emerson Electric, Otis Worldwide, Carrier, Caterpillar, Honeywell, Illinois Tool, Lockheed Martin Corp, Dow Chemical, Ecolab, Linde plc, Martin, Martin Marietta Materials, Nucor Corp, PPG Industries, XLF, JPMorgan, Rowe Price Group Inc, American International Group, Allstate, The, McLennan, Sectors, Co, Hershey Co, Clark Corp, Kroger, Procter, Gamble, Walmart, Getty Images Health, iShares U.S, Medical Devices, Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc, Veeva Systems Inc, IQVIA Holdings Inc, Cigna, Zoetis Inc Locations: American, The Hartford, Marsh, Kimberly

☆ Grab cuts 1,000 jobs, its biggest round of layoffs since the pandemic
▼ + stars: | 2023-06-21 | by ( Audrey Wan | ) www.cnbc.com time to read: +1 min

The headquarters of Grab Holdings Ltd., in Singapore. Grab Holdings Ltd., reported its latest earnings on Feb. 23, 2023. Singapore-based Grab Holdings is cutting over 1,000 jobs, its CEO said Tuesday, in a bid to manage costs and reorganize the company in a competitive landscape. This is the group's largest round of layoffs since 2020, when it cut 360 jobs in response to Covid-19 pandemic challenges. Even without layoffs, Tan said Grab is on track to hit breakeven this year on group adjusted earnings before interest, taxes, depreciation, and amortization.

Persons: Anthony Tan, Tan Organizations: Grab Holdings Locations: Singapore

☆ Inside China's spy war on American corporations
▼ + stars: | 2023-06-21 | by ( Eamon Javers | ) www.cnbc.com time to read: +6 min

Top intelligence and law enforcement officials in Washington are issuing a stark warning to American companies: The Chinese government wants to replace you. Asked whether the Chinese government wants to compete with or eliminate American companies, FBI Director Christopher Wray told CNBC: "Well, their definition of competing, I think, involves embracing the idea of eliminating." The paid-in foreign investment reached 127.69 billion yuan, up 14.5% year on year. Foreign companies including US investors have been upbeat about the China market and plan to expand in China. Former GE engineer David Zheng and GE Aerospace also declined to comment.

Persons: Christopher Wray, Sen, Marco Rubio, Rubio, Mark Warner, …, Warner, Xu Yanjun, Xu, James Olson, Xu Yanjun's, David Zheng, – CNBC's Katherine Liu, Bria Cousins, Laura Measher, Wally Griffith Organizations: CNBC, American, Democrat, World Trade, Ministry of State Security, GE, Boeing, Honeywell, GE Aviation, FBI, CIA, American Chamber of Commerce, Business Environment, US Department of Commerce, GE Aerospace Locations: Washington, America, U.S, China, Nanjing, Cincinnati, South China, reinvest

☆ Xtreme Solutions CEO Phyllis Newhouse on black leadership in corporate America
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXtreme Solutions CEO Phyllis Newhouse on black leadership in corporate AmericaPhyllis Newhouse, CEO of Xtreme Solutions, discusses what it's like to be an entreprenuer in the current business environment.

Persons: Phyllis Newhouse Organizations: Xtreme, Xtreme Solutions

☆ Singapore's Grab informs staff of 1,000 layoffs
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: 1 min

SINGAPORE, June 20 (Reuters) - Singapore-based Grab Holdings (GRAB.O), Southeast Asia's leading ride-hailing and food delivery app, is cutting 1,000 jobs, or 11% of its workforce, its CEO said on Tuesday, citing the need to manage costs and ensure more affordable services long-term. In a letter sent to employees late on Tuesday and seen by Reuters, chief executive Anthony Tan said the cuts, the biggest since the start of the pandemic, were not "a shortcut to profitability" but a strategic reorganisation to adapt to a fast-changing business environment. Reporting by Xinghui Kok; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Anthony Tan, Xinghui Kok, Martin Petty Organizations: Reuters, Thomson Locations: SINGAPORE, Singapore

☆ Microsoft's co-founder Bill Gates will reportedly meet China's Xi this week
▼ + stars: | 2023-06-15 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, during the EEI 2023 event in Austin, Texas, US, on Monday, June 12, 2023. Microsoft 's co-founder Bill Gates will be meeting Chinese President Xi Jinping on Friday, Reuters reported Wednesday citing two sources familiar with the matter. CNBC reached out to China's ministry of foreign affairs but did not hear back at the time of publication. They discussed views on enhancing public health service and poverty reduction, according to China's foreign ministry. In March, Cook met China's minister of commerce Wang Wentao to discuss China's reopening and broader supply chain issues.

Persons: Bill Gates, Melinda Gates, Xi Jinping, Gates, Antony Blinken, Qin Gang, Blinken, Tim Cook, Elon Musk —, Cook, China's, Wang Wentao, Musk, Ding Xuexiang Organizations: Melinda Gates Foundation, Microsoft, Reuters, CNBC, U.S, Foreign, U.S ., U.S . State Department, Apple, Tesla Locations: Austin , Texas, China, Hainan province, Beijing, U.S

☆ There's a 'structural change' going on in Japan's business environment, analyst says
▼ + stars: | 2023-06-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a 'structural change' going on in Japan's business environment, analyst saysDong Chen of Pictet Wealth Management cites signs such as first-quarter gross domestic product numbers and improving domestic consumption.

Persons: Dong Chen Organizations: Pictet Wealth Management

☆ Andreessen Horowitz to open its first international office in London
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

June 11 (Reuters) - U.S. venture capital firm Andreessen Horowitz, a major cryptocurrency investor, said on Sunday it will set up its first international office in London, at a time when U.S. regulators have increased scrutiny of the cryptocurrency sector. The London office, set to open later this year, will work with universities in the UK and support the development of blockchain technologies and startups, the company said in a statement, adding that it will be led by one of the firm's general partners, Sriram Krishnan. The decision follows talks with British Prime Minister Rishi Sunak and other authorities for months, Dixon said. Sunak said in the statement he is "determined to unlock opportunities" for blockchain technology and "turn the UK into the world’s Web3 centre". Reporting by Rishabh Jaiswal and Jahnavi Nidumolu in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Andreessen Horowitz, Sriram Krishnan, Andreessen, We're, Chris Dixon, Andreessen's, Rishi Sunak, Dixon, Sunak, Rishabh Jaiswal, Muralikumar Organizations: U.S . Securities, Exchange Commission, SEC, British, Thomson Locations: London, Bengaluru

☆ UK set to dodge recession, but big problems remain: CBI
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

LONDON, June 12 (Reuters) - Britain's economy now looks likely to sidestep recession entirely this year but deep-rooted problems like weak business investment will persist, the Confederation of British Industry trade body said on Monday. Falling energy prices, the reopening of China's economy from COVID-19 restrictions and easing supply chain disruptions were the main reasons for the upgrade, the CBI said. "It's also concerning that the UK is underperforming on many of the areas crucial to our long-term prosperity, such as business investment and trade intensity," he said. The CBI does not expect business investment - a weak spot for Britain's economy since the Brexit vote of 2016 - to return to its pre-pandemic level before the end of next year. "Making our business environment more attractive to firms at home and abroad must be front of mind in the months ahead," Paleja said.

Persons: Alpesh Paleja, It's, Paleja, Andy Bruce, David Milliken Organizations: of British Industry, CBI, Organisation for Economic Co, Development, International Monetary Fund, Britain, Bank of England, Thomson Locations: COVID

Experts have mixed reactions on whether the budget will meet IMF requirements and the impact on the economy. The ‘No new Taxes on Industry’ claim is belied by increase in super tax and that too in not a fully progressive way. Will retailers and the agri sectors that together contribute 40% contribute more than 2% as a result of the budget? SHAHBAZ ASHRAF, CHIEF INVESTMENT OFFICER AT FRIM VENTURES“It is surely not a budget that the IMF would approve of. "The regional energy price budget, which has built in cross subsidies, general collection and distribution losses is something the export industry cannot sustain."

Persons: GHIAS KHAN, EHSAN MALIK, SHAHID HABIB, ARIF HABIB, ZULQARNAIN, ABDUL ALEEM, IRFAN IQBAL SHEIKH, MUSTAFA PASHA, SHAHBAZ ASHRAF, they've, There's, ” FAHAD RAUF, ISMAIL IQBAL, GOHAR EJAZ, Ariba Shahid, Jonathan Oatis, Nick Zieminski Organizations: International Monetary Fund, IMF, Pakistan, Reuters, FX, ENGRO CORP, OF, PAKISTAN BUSINESS, Industry, PAKISTAN, Company, FEDERATION OF PAKISTAN, OF COMMERCE, PKR, IN, MILLS ASSOCIATION, Thomson Locations: KARACHI, Pakistan, PAKISTAN, Karachi

☆ CNN shouldn't get a new CEO after the Licht debacle — here's what it needs instead
▼ + stars: | 2023-06-07 | by ( Alison Brower | ) www.businessinsider.com time to read: +4 min

Chris Licht's exit as CEO of CNN gives Warner Bros. Jeff Zucker, whose title was president, led CNN successfully — if not without controversy — for nine years. The CEO title didn't empower Licht, who was seen as executing Zaslav's vision, not his own. Without a CEO title. If Zaslav anoints a Licht replacement without the CEO title, even if the functions of the job don't change much, media observers will see it as a less lofty role.

Persons: Chris Licht's, Jeff Zucker, Licht, WBD, David Zaslav, that's, — Zucker, Zaslav, Zucker, David Leavy, should've, — Organizations: CNN, Warner Bros, CNN Worldwide, WarnerMedia News, Sports, Trump, Street Journal

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