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☆ Ad giant IPG merges embattled data unit Kinesso with media agency Reprise after major shakeup
▼ + stars: | 2023-09-21 | by ( Ryan Joe | ) www.businessinsider.com time to read: +3 min

Ad giant IPG has officially figured out what to do with its embattled data and technology unit Kinesso, which went through a massive shakeup over the summer that saw many of its top execs depart, as Insider first reported. Kinesso has now been merged with Reprise, an agency within Mediabrands, IPG's group of media-buying agencies. "We're trying to create an end-to-end media engine that fuels the rest of IPG Mediabrands," Martin told Insider. But the areas where the new KINESSO specializes in — like data expertise, technology, and AI — are expected to be a means for growth. KINESSO has about 6,200 employees, roughly a third of the 18,000 staffers Mediabrands has across its global network.

Persons: Kinesso, Jarrod Martin, IPG, Martin, Eileen Kiernan, Kiernan, Philippe Krakowsky, it's, Mediabrands Organizations: Reprise, UM, Initiative, Revenue, Bank of America Locations: Mediabrands

☆ Acting president of Temple University in Philadelphia dies unexpectedly at 72
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

Sept 19 (Reuters) - The acting president of Temple University in Philadelphia, JoAnne Epps, fell ill on Tuesday while attending a memorial service on campus and died a short time later, the school said in a statement. Epps appeared to have "suffered a sudden episode" and was "promptly attended to by emergency medical" personnel at the scene, Dr. Daniel del Portal, chief clinical officer for the Temple University Health System, told an afternoon news conference. She was then taken to Temple Hospital, "where resuscitation efforts continued but were unfortunately unsuccessful," del Portal said. "Temple has been a part of my life for as long as I can remember," Epps said in a statement when she was appointed acting president in April. Reporting by Steve Gorman in Los Angeles and Kanishka Singh in Washington; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: JoAnne Epps, Epps, Charles Blockson, Daniel del, Jason Wingard, Steve Gorman, Kanishka Singh, Michael Perry Organizations: Temple University, Local, Temple University Health System, Temple Hospital, university's, Thomson Locations: Philadelphia, Los Angeles, Washington

☆ 'He simply wants to kill the platform': Some X users are threatening to quit the app after Elon Musk suggested he might move it behind a paywall
▼ + stars: | 2023-09-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Elon Musk says he's considering moving X behind a paywall. Some users are unhappy with the idea and threatening to leave the app. "There really is no doubt that he simply wants to kill the platform," one X user said of the decision. Comedian Chelsea Hart said the suggested paywall may hinder free speech and citizen journalism in some countries, something Musk claims to support. Another user seconded this: "I believe social media should be free to users, so if that happens, I'll be decamping to the other place permanently."

Persons: Elon Musk, Benjamin Netanyahu, David Sacks, Chelsea Hart, Bradley Wall, I've Organizations: Service, Twitter, Tech Locations: Wall, Silicon

☆ Stocks making the biggest moves premarket: Carnival, Deere, Super Micro Computer and more
▼ + stars: | 2023-09-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The Carnival Miracle cruise ship operated by Carnival Cruise Line is docked at Pier 27 in San Francisco, Sept. 30, 2022. Dell Technologies — Shares rose more than 1.2% after Daiwa Capital Markets upgraded the computer stock to outperform from market perform. The Wall Street firm hiked its price target to $80 per share from $50, implying roughly 16% upside from Monday's close. Super Micro Computer — The information technology stock added more than 2% after Barclays initiated coverage of Super Micro Computer on Tuesday with an overweight rating. The firm's $327 price target represents nearly 34% upside from Monday's close.

Persons: Truist, Deere, Cowen, shakeup, — CNBC's Michelle Fox, Hakyung Kim Organizations: Carnival Cruise, Royal Caribbean Group, Truist, Royal, Cruise Lines, Deere & Company, Starbucks, CVS Health, pharma, CVS, Dell Technologies, Daiwa, Markets, Barclays, Computer, JPMorgan Locations: San Francisco, Royal Caribbean, China

☆ Banks scramble to find leaders equipped for today’s economic realities
▼ + stars: | 2023-09-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

That means most current executives, who came up in the era of easy money, are unfamiliar with the complexities of running a bank under today’s conditions. Some CEOs are deciding that they need to make drastic, expensive and often unpopular institutional changes to help them keep up. Banks currently have strong managers, but not a lot of strong leaders, said David Schiff, senior partner at West Monroe. Prior to the current interest rate hikes, banks had been operating with low-interest, stable rates for nearly two decades, he said. It has not had a strike in its Canadian operations since 1990 and had not had a US strike since 1978.

Persons: Jane Fraser, Fraser, Mike Santomassimo, Truist, Venkatakrishnan, Goldman Sachs, It’s, Roger Hochschild, Morgan Stanley, James Gorman, Banks, David Schiff, That’s, aren’t, ”, Schiff, “, “ There’s, Chris Isidore, Unifor, ” Ford, Lana Payne, Clorox, Jordan Valinsky Organizations: CNN Business, Bell, New York CNN, Citigroup, Citi, Wells, Reuters, Barclays, C.S, CNBC, Discover, Canadian, Ford, Ford Motor Company, United Auto Workers, General Motors, Jeep, Dodge, Chrysler Locations: New York, West Monroe, Canada, Clorox

☆ Microsoft product chief Panos Panay is leaving the company
▼ + stars: | 2023-09-18 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Panos Panay, Microsoft's chief product officer, talks about Windows 11 at the Windows 11 launch event that was streamed live on June 24, 2021. Microsoft's product chief, Panos Panay, will leave the software and hardware maker, executive vice president Rajesh Jha told employees on Monday. The shakeup represents a changing of the guard after more than a decade of sales of Microsoft's Surface PCs, which Panay has presented to consumers at company events. Team,After nearly 20 years at the company, Panos Panay has decided to leave Microsoft. Best,RajeshWATCH: The Microsoft Surface Go is a good computer, but a very bad tablet

Persons: Panos Panay, Panos, Rajesh Jha, Yusuf Mehdi, Satya Nadella, Mehdi, Charles Simonyi, Jha, I've, I'm, Pavan Davuluri, Brett Ostrum, Nino Storniolo, Linda Averett, Ken Pan, Ralf Groene, Aidan Marcuss, Carlos Picoto, Stevie Bathiche, Robin Seiler, Ruben Caballero, Anuj, Shilpa Ranganathan, Jeff Johnson, Ali Akgun, Mikhail Parakhin, Terri Chudzik, Erin Kolb, Mike Davidson, Let's, Rajesh Organizations: Windows, Microsoft Locations: Panos Panay, Panay, New York

☆ Citi shakeup: The banking giant is planning layoffs and a huge overhaul
▼ + stars: | 2023-09-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Citigroup is planning a sweeping overhaul of its organization after years of lackluster stock performance. Citi stock climbed 2% shortly after the overhaul was announced. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisementPeople familiar with the matter confirmed the layoffs with Bloomberg on Wednesday, though it was unclear how many employees would be affected. Citigroup stock rose 2% to $42.35 a share shortly after the reorganization was announced.

Persons: Jane Fraser, Fraser Organizations: Citigroup, Citi, Service, Bloomberg, Wall Street Locations: Wall, Silicon

☆ Alibaba CEO warns of being ‘displaced’ if the Chinese tech giant doesn’t keep up in AI
▼ + stars: | 2023-09-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Signage at the Alibaba Group Holding Ltd. booth at the Smart China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Alibaba needs to be "user first" and "AI-driven," new CEO Eddie Wu told employees on Tuesday, as he laid out the strategic priorities for the Chinese tech giant. As the world progresses, Alibaba needs to evolve even faster!," Wu said in a letter to employees that was seen by CNBC. However, in a surprise move, Zhang this week quit as CEO of the cloud business with Wu taking over in the interim. It comes months after Alibaba split its company into six different business groups, the biggest shakeup in its history.

Persons: Eddie Wu, Wu, Jack Ma's, Daniel Zhang, Zhang, Alibaba Organizations: Alibaba, Holding, Smart, CNBC Locations: Chongqing, China

☆ Recruiters say Flexport CEO's decision to rescind dozens of job offers days before some were due to start is 'sick' and 'lousy'
▼ + stars: | 2023-09-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Flexport's CEO Ryan Petersen said on X that it's rescinding dozens of job offers. Recruiters point out that rescinding job offers is not uncommon – and not illegal. Roman later told Insider that Flexport's decision might also set a new precedent for how people think about job offers. He also noted that rescinded offers have been among the "most challenging" situations he's had to deal with in his professional life. In June 2022, cryptocurrency platform Coinbase rescinded job offers via mass emails — a decision that at least one recipient denounced as "unprofessional."

Persons: Ryan Petersen, Nick Roman, Roman, I'm, Olivier, Schreiber, Philipp Slappnig, he's, Petersen, Flexport, we've, shakeup, Dave Clark, Clark, Flexport's Organizations: Service, LinkedIn, Amazon Locations: Wall, Silicon

☆ Flexport rescinds dozens of job offers amid messy executive shakeup
▼ + stars: | 2023-09-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —Flexport founder Ryan Petersen said his supply chain management firm would rescind dozens of job offers just days before many applicants were scheduled to start work — a move that followed a dramatic leadership shakeup this week. “I am deeply sorry to those people who were expecting to join our company and won’t be able to at this time,” Petersen wrote on X, formerly Twitter, on Friday. Can’t just give out cash tho.”A Flexport spokesperson said the company didn’t have additional comment beyond Petersen’s tweets. The rescinded offers came at the end of a wild week for the San Francisco-based firm, which Petersen founded in 2013. In a 2023 company post, he explained his interest in angel investing and in joining Thiel’s Founders Fund as a partner.

Persons: New York CNN — Flexport, Ryan Petersen, “, won’t, ” Petersen, “ It’s, ”, Flexport, Can’t, Petersen, Andreessen Horowitz, Sofbank, Peter Thiel’s, Donald Trump, he’s, Dave Clark, Clark Organizations: New, New York CNN, San, Bay Area, Thiel’s, Fund, Carta, Amazon, Flexport Locations: New York, San Francisco, Silicon, Bay

☆ Flexport CEO says he's rescinding job offer letters for candidates joining as soon as Monday: 'I have no ideas why more than 75 people were signed to join'
▼ + stars: | 2023-09-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Flexport CEO Ryan Petersen announced on X that the company was rescinding dozens of job offers. The rescinded job offers come after Petersen reclaimed his role as CEO on Wednesday. On Wednesday, former Flexport CEO Dave Clark announced he was leaving the company less than a year after departing from his role as CEO of Amazon's consumer business to join Flexport. AdvertisementAdvertisement"It's clear that important changes are needed to sustain our growth and return to profitability," Petersen wrote. Petersen, Clark, and a spokesperson for Flexport did not immediately respond to a request for comment.

Persons: Ryan Petersen, Petersen, Steve Jobs, Dave Clark, Clark, FreightWaves, Insider's Eugene Kim, Madeline Stone, he'd, Flexport Organizations: Service, Flexport, Flexport's, Wall Street Locations: Wall, Silicon

☆ Pinault’s Hollywood foray is untimely distraction
▼ + stars: | 2023-09-08 | by ( Pierre Briancon | ) www.reuters.com time to read: +4 min

REUTERS/Charles Platiau Acquire Licensing RightsLONDON, Sept 8 (Reuters Breakingviews) - The story of European business trying to mingle with Hollywood has often led to unhappy endings. The Pinault family, which controls $61 billion luxury group Kering (PRTP.PA), thinks it can buck the trend. Pinault may have overpaid for CAA, especially in the middle of a major strike of Hollywood writers and actors. The transaction, through holding company Artemis, adds Hollywood's premiere talent agency to Pinault’s family empire which spans fashion, wine and contemporary art. CAA was valued at $1.1 billion when TPG acquired a majority stake in 2014, four years after having originally invested in the talent agency.

Persons: Francois, Henri Pinault, Kering, Charles Platiau, Tom Hanks, Steven Spielberg, François, Ari Emanuel’s, Artemis ’, Gucci, Alessandro Michele, Pinault, Jean, Kering’s, Valentino, Brad Pitt, Salma Hayek, Lisa Jucca, Streisand Neto Organizations: REUTERS, Reuters, Hollywood, Universal Studios, Creative Artists Agency, CAA, Gucci, TPG, Endeavor, Thomson Locations: Paris, France, bask

☆ Ukraine's Zelenskiy moves to replace wartime defence minister
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +2 min

Ukraine's President Volodymyr Zelenskiy and Defence Minister Oleksii Reznikov attend a meeting with German Defence Minister Boris Pistorius, amid Russia's attack on Ukraine, in Kyiv, Ukraine February 7, 2023. Press Service of the Defence Ministry of Ukraine/Handout via REUTERS/File Photo Acquire Licensing RightsKYIV, Sept 3 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Sunday he had decided to dismiss Defence Minister Oleksii Reznikov from his post and would ask parliament this week to replace him with Rustem Umerov, head of Ukraine's main privatisation fund. The announcement, made in his nightly video address to the nation, sets the stage for the biggest shakeup of Ukraine's defence establishment during the war launched by Russia in February 2022. Oleksii Reznikov has been through more than 550 days of full-scale war," Zelenskiy said. The change of defence minister must be approved by parliament, but is likely to be supported by a majority of lawmakers in the Verkhovna Rada.

Persons: Volodymyr Zelenskiy, Oleksii Reznikov, Boris Pistorius, Rustem Umerov, Reznikov, I've, Zelenskiy, Umerov, Tom Balmforth, Anna Pruchnicka, Diane Craft Organizations: Defence, German, Press Service, Defence Ministry of, REUTERS, Rights, Defense, Verkhovna Rada, Property Fund, Thomson Locations: Ukraine, Kyiv, Defence Ministry of Ukraine, Handout, Russia, Verkhovna, Crimean

CNN —One of Ukraine’s most powerful oligarchs has been arrested in a fraud investigation, state media in the country are reporting. A Kyiv court on Saturday ordered Ihor Kolomoisky, a key supporter of Ukrainian President Volodymyr Zelensky’s 2019 presidential campaign, to 60 days in pre-trial detention while authorities investigate fraud charges against him, reported Ukrinform. Kolomoisky’s media and banking businesses have made him one of the richest men in Ukraine. Video and photos showed Kolomoisky being led away from the district court in Kyiv. Earlier this year Zelensky fired a slew of senior Ukrainian officials over a corruption scandal linked to the procurement of war-time supplies.

Persons: Ihor Kolomoisky, Volodymyr Zelensky’s, Kolomoisky, Ukrinform, –, ”, Vasyl Maliuk, Zelensky, Arsen Avakov, Avakov Organizations: CNN, US State Department, State Department, Security Service of Ukraine, of Economic Security, General’s, Kolomoisky, “ Locations: Ukraine, Shevchenkivskyi, Kyiv, Europe, Russia

☆ Tenbagger stocks that have more upside ahead
▼ + stars: | 2023-09-02 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

There is just a handful of stocks that have sizeable upside expectations ahead after seeing a more than 1,000% compound return over the last decade. We then looked for stocks where there is more upside potentially ahead. These names also have average analyst price targets implying an upside of at least 20%. The average upside suggests shares could gain around 34% over the next 12 months. Analysts see a reprieve from its current selloff on the horizon, with the average price target signaling an upside of more than 56%.

Persons: Wall, Goldman Sachs, Toshiya Hari, Hari, it's, — CNBC's Michael Bloom, John Melloy Organizations: CNBC Pro, Nvidia, Semiconductor, AMD, ON Semiconductor, Enphase Energy

CNN —In an urgent appeal to wealthy Republicans who had assembled in Milwaukee ahead of the first GOP presidential primary debate, top brass for the super PAC backing Florida Gov. Ron DeSantis told donors they needed an injection of $50 million over the next four months, according to leaked audio obtained by CNN. The tension spilled into the open just days before the Milwaukee event, when the super PAC released a memo with debate pointers for DeSantis. The pitch appeared structured to convince donors the super PAC had a plan for their dollars if they would open up their pocketbooks. Many Republican strategists and campaign veterans have questioned the arrangement between DeSantis’ campaign and the super PAC, pointing to the limitations of running a political operation from the outside.

Persons: Ron DeSantis, “, ”, Chris Jankowski, DeSantis, I’m, Jankowski, Kristin Davison, Jeff Roe, Trump, Casey DeSantis, ” Roe, –, Roy Bailey, Davison, ’, Robert Bigelow, Roe, Donald Trump, “ Donald Trump, ” Davison, we’re, Puerto, “ Trump, ” —, —, Casey, ” Jankowski, We’ve Organizations: CNN, PAC, Florida Gov, DeSantis, Dallas, Trump, Reuters, Labor, GOP, White, US House, Puerto Rico’s, Super, ”, ” Navy, JAG, Republican, Federal, Commission, Campaign Locations: Milwaukee, Iowa, Florida, DeSantis, Nevada, New Hampshire, Puerto Rico, Georgia

☆ Mark Thompson named CNN chief executive and chairman at critical juncture in news network’s history
▼ + stars: | 2023-08-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

I am confident he is exactly the leader we need to take the helm of CNN at this pivotal time,” David Zaslav, the chief executive of CNN parent company Warner Bros. At the Times, Thompson successfully transformed the newspaper into a digital powerhouse. CNN+, which launched last year as the network’s ownership changed hands from AT&T to Warner Bros. The standalone streamer also didn’t fit into Warner Bros. Discovery’s larger plans to house all content inside a single super-streamer. The streaming service will be located inside the Max app, alongside content from HBO, Discovery, and Warner Bros. Pictures.

Persons: Mark Thompson, “ Mark, ” David Zaslav, Thompson, Donald Trump, Trump, Jeff Zucker, Chris Cuomo, Don Lemon, Chris Licht, nosediving, Licht, Zaslav, Amy Entelis, Virginia Moseley, Eric Sherling, David Leavy, ”, CNN Max, Jake Tapper ” Organizations: CNN, The New York Times, BBC, Warner Bros, Discovery, Times, MSNBC, Atlantic, CNN Digital, The Times, CNN.com, U.S, Warner Bros . Discovery, HBO, Warner Bros .

☆ Brazil's Natura mulls sale of The Body Shop
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

The logo of British cosmetics and skin care company The Body Shop is seen outside a store in Vienna, Austria, June 4, 2016. REUTERS/Leonhard Foeger Acquire Licensing RightsSAO PAULO, Aug 28 (Reuters) - Brazilian cosmetics maker Natura &Co (NTCO3.SA) said on Monday its board of directors had authorized the company to search for "strategic alternatives" for its subsidiary The Body Shop, including a potential sale of the business. The move comes after the Brazilian company in April agreed to sell its luxury brand Aesop to French cosmetics group L'Oreal (OREP.PA) at an enterprise value of $2.53 billion. Natura grew through high profile acquisitions in recent years, including the purchase of The Body Shop from L'Oreal in 2017, but has now been looking for "discipline" and deleveraging as it aims to bring back profitability. "There can be no assurance that this process will result in any transaction," Natura said in a securities filing about the potential Body Shop deal.

Persons: Leonhard Foeger, Roberto Marques, Fabio Barbosa, Gabriel Araujo, Kylie Madry Organizations: REUTERS, SAO PAULO, Natura, L'Oreal, Thomson Locations: Vienna, Austria, Brazilian, Natura

☆ Advance Auto Parts Finance Chief Exits Amid Leadership Shakeup
▼ + stars: | 2023-08-25 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ The future of CNN is coming into view as the network regains its footing following a rocky period
▼ + stars: | 2023-08-24 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —CNN’s future is coming into greater focus. Last week, CNN announced a sweeping overhaul of its lineup, establishing its all-important prime time roster while also making several other key programming moves. And on Thursday, the outlet announced the launch of CNN Max, a new service that represents the beginning of a streaming future for the channel following the abrupt shuttering of the nascent CNN+. Meanwhile, behind the scenes, there continues to be an active search for the next leader of CNN, following Licht’s dismissal. And while CNN Max might not be the luxurious streaming lifeboat that CNN+ might have been, it is a lifeboat — and some form of a vessel is better than none at all.

Persons: CNN —, Chris Licht, CNN Max, Mark Thompson, Thompson, CNN Max doesn’t, I’ve, WBD, —, CNN’s Organizations: CNN, The New York Times, Warner Bros, Discovery

☆ Who is Travis King, and what comes next for the US soldier in North Korea?
▼ + stars: | 2023-08-16 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

Picture of Travis King, the US soldier who ran across the military demarcation line into North Korea on Tuesday July 18. From Travis King/FacebookThe day before he crossed into North Korea, King was supposed to board a flight to Texas, where he was to face disciplinary procedures. The last American known to be held by North Korea was Bruce Byron Lowrance, who, according to North Korean state media, crossed from China into North Korea in 2018. While in North Korea, he appeared in propaganda films, taught the country’s spies English and spent up to eight hours a day studying the writings of North Korean leaders. He was allowed to leave North Korea in 2004, two years after his Japanese wife, who was kidnapped from her home in Japan in 1978 and left North Korea under a deal between Pyongyang and Tokyo.

Persons: Travis King “, ”, King, Travis King, Bryce Dubee, Christine Wormuth, King “, ” Jaqueda, King’s, “, Claudine Gates, Jonathan Franks, Donald Trump, Kim Jong Un, Trump, Kim, KCNA, Washington “, Private King, Bruce Byron Lowrance, Lowrance, Otto Warmbier, Warmbier, Charles Jenkins, Jenkins Organizations: South Korea CNN, Joint Security Area, North, US, CNN, 6th Squadron, 1st Cavalry Regiment, 1st Brigade Combat, Armored Division, Army, Incheon International, Aspen Security, South Korean, US Navy, Korean Central News Agency, U.S . Army, Washington, Private, Swedish Embassy, Central Intelligence Agency Locations: Seoul, South Korea, North Korea, Korean, Korea, Fort Bliss , Texas, Texas, Incheon, United States, ” Jaqueda Gates, Pyongyang, Washington, Busan, Japan, North, Maryland, Swedish, China, American, Tokyo

☆ CBS News chief Neeraj Khemlani reportedly stepping down
▼ + stars: | 2023-08-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Neeraj Khemlani, president of CBS News, at the annual White House Correspondents' Association Dinner in Washington, U.S., April 29, 2023. Neeraj Khemlani, the president and co-head of CBS News and Stations, is stepping down from his role, according to a Sunday report from Variety. In his current role, Khemlani is responsible for running CBS News, its local stations and popular programs like "Face the Nation," "60 Minutes" and "CBS Evening News." It is not immediately clear who will succeed Khemlani, but CBS could announce the new executive as soon as Monday, Variety said. Before joining the network, Khemlani spent more than 10 years at Hearst, where he held a number of leadership roles like executive vice president of Hearst Newspapers, president of Hearst Entertainment and Syndication and chief creative officer.

Persons: Neeraj Khemlani, Khemlani, Variety, shakeup, CNN's Chris Licht Organizations: CBS, White, Correspondents, Variety, CBS Evening, Paramount, Hearst, Hearst Newspapers, Hearst Entertainment, Media Locations: Washington , U.S

☆ Ukraine sacks army recruitment chiefs in anti-graft shakeup
▼ + stars: | 2023-08-11 | by ( Dan Peleschuk | ) www.reuters.com time to read: +3 min

Zelenskiy said that any sacked army recruitment officers who are not being investigated should head to the front to fight for Ukraine "if they want to keep their epaulettes and prove their dignity". Ukraine has increasingly faced recruitment challenges as the war, now in an brutally attritional phase, nears the 18-month mark. Last month, the head of the Odesa region's recruitment centre was ordered into pre-trial detention on suspicion of illegal enrichment. Despite recent moves against graft, Ukraine still ranks 116th out of 180 countries in Transparency International's latest Corruption Perceptions Index. A Transparency-commissioned opinion poll in June found that 77% of Ukrainians believe corruption is among Ukraine's most serious problems.

Persons: Zelenskiy, Volodymyr Zelenskiy, Friday's, Valery Zaluzhny, Dan Peleschuk, Tom Balmforth, Philippa Fletcher Organizations: European Union, Thomson Locations: Western, Russia, Ukraine, Odesa, Spain

CNN —Fox Corporation on Friday said its top lawyer, Viet Dinh, will exit the company in a significant shakeup to its corporate ranks in the aftermath of the company’s historic $787 million settlement with election technology company Dominion Voting Systems. Dinh is the latest senior executive to depart after the historic Dominion settlement. Days after Fox settled the lawsuit with Dominion early this year, the company fired its star prime time host, the right-wing extremist Tucker Carlson. Dominion is just one of several high-profile lawsuits Fox has settled this year over its airing of false election conspiracy theories in 2020. In June, the network settled a lawsuit brought by former producer Abby Grossberg for $12 million.

Persons: Viet Dinh, ”, Lachlan Murdoch, Dinh, “, Fox, Rupert, Lachlan, ” Dinh, Murdoch, Raj Shah, Lou Dobbs, Smartmatic, Tucker Carlson, Abby Grossberg, Grossberg, Carlson, Smartmatic —, Erik Connolly Organizations: CNN — Fox Corporation, Voting Systems, FOX, Century Fox, Fox Corporation, SEC, Fox News, Fox, Dominion, CNN Locations: Viet, Dominion, Venezuelan

Seoul, South Korea CNN —North Korean leader Kim Jong Un has fired his top general amid a shakeup of the country’s military leadership and wants his army to “gird for a war,” state media reported Thursday. North Korean leader Kim Jong Un leads a meeting of the Central Military Commission in Pyongyang, North Korea, on Wednesday. KCNA/Handout/ReutersNorth Korea regularly revamps its military leadership. 2 job in the North Korean military hierarchy as recently as December 31 – reflected that, analysts said. Easley said the North Korean leader may simply be trying to ensure that no one below him becomes too powerful.

Persons: Kim Jong Un, “, Pak Su Il, Ri Yong Gil, ”, KCNA, Ri –, Yong Gil, Leif, Eric Easley, Cheong Seong, Kim Jong, ” Cheong, Easley, Yevgeny Prigozhin, Vladimir Putin’s, ” Easley, Kim Organizations: South Korea CNN — North, General Staff, Korean Central News Agency, Central Military Commission, Reuters, North, Ewha Womans University, Sejong Institute, Wagner, DPRK, Democratic People’s Locations: Seoul, South Korea, Pyongyang, North Korea, Reuters North Korea, Russian, Korean, United States, Democratic People’s Republic, Korea

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