Leadership

Alibaba co-founder Jack Ma helps the world fight coronavirus

Jack Ma, the wealthiest person in China, had already pledged two million protective masks to European countries. A first shipment of test kits, medical supplies and 500,000 masks intended for Italy, which has been hard-hit by the virus, arrived at Liege Airport in Belgium late Friday (local time)

Bill Gates quits Microsoft board after 44 years

Bill Gates said he reached the decision "to dedicate more time to philanthropic priorities including global health and development, education, and my increasing engagement in tackling climate change."

Aon in biggest company buy of 2020

Willis Towers Watson shareholders will receive 1.08 Aon shares for every Willis Towers Watson share they own. That values Willis Towers Watson’s equity at almost US$30 billion, a 16.2% premium to Friday’s closing price.

Elon Musk backs Jack Dorsey as Twitter CEO

Jack Dorsey and Elon Musk have lauded each other on social media before and a hashtag, #WeBackJack, started trending late Monday, with Twitter employees backing their CEO

HP share buyback a smart move to stop Xerox takeover

The move to return about half of HP’s market capitalisation to investors is a de facto poison pill to block Xerox’s takeover approach. The added leverage makes it a lot harder for Xerox to buy HP, which is three times its size

Les Wexner out as Victoria’s Secret goes private

Lex Wexner has been forced to step down as part of a deal which sees New York-based private equity firm Sycamore Partners pay US$525 million for a controlling 55% stake in the business, taking it private.