The chief of South Korea's top automaker Hyundai Motor promised yesterday to honor his pledge to donate about $1 billion to charity as he appealed against a jail sentence for embezzlement.
The choice of a little-known outsider to be Siemens' new chairman could be a way out of the damaging scandals at the German engineering giant, analysts said.
Allowing more immigrants to enter the United States would hold down wages for skilled workers, former Federal Reserve Chairman Alan Greenspan (below) said on Monday.
Alain Belda (above right), expected to retire next year after nearly a decade as chief executive of Alcoa Inc, is hoping to go out on top after offering $27 billion to buy Canadian rival Alcan Inc.
Scandal-battered Siemens' new chairman denied reports he was planning changes to the company's management structure and said names floated as candidates for chief executive had been plucked out of thin air.
Australia's richest man, James Packer, will split his Publishing & Broadcasting Ltd empire into two listed gaming and media companies and return A$2 billion ($1.7 billion) to shareholders, sending the firm's stock up 6 percent.
Warren Buffett has said he will pay low salaries to candidates to succeed him as chief investment officer of Berkshire Hathaway Inc, but offer incentives for outperforming the market.
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