"An outstanding leader, visionary and champion for high-quality, affordable health care for all Americans, Bernard was a tireless advocate for Kaiser Permanente, our members and the communities we serve. Most importantly, Bernard was a devoted husband, father and friend. We all will miss his tremendous presence in our lives."
The decision to give the workforce five consecutive Fridays off on full pay in August saw sales rise by nearly 40%, electricity consumption drop by 23.1% and employees printing 59% fewer pages of paper.
The 52-year-old CEO's salary was tied to McDonald's share price. It peaked in 2017 at US$21.8million, including US$9.1million in incentive-based pay. He received US$15.9million in total compensation last year.
Alphabet's third quarter results came before the Australian Competition and Consumer Commission said it was taking Google to the Australian Federal Court for breaching consumer law.
Results showed that women value an emotionally intelligent, communicative leader while men value a commanding leader. Furthermore, 60% of women valued emotional intelligence in a leader – compared to only 35% of men.
Sir Richard Branson hopes to ring the bell on the New York Stock Exchange to publicly launch Virgin Galactic Holdings after a merger of Virgin Galactic with investment firm Social Capital Hedosophia. It is a first for a space tourism company.
“The leaders on our 2019 list have prospered by outperforming their peers over the long term- both financially and on increasingly important environmental, social, and governance measures,” said Harvard Business Review Editor in Chief Adi Ignatius.
Tesla said its Shanghai Gigafactory in China is already producing Model 3s “on a trial basis” and production of the Model Y, which is slated to begin in mid-2020, is ahead of schedule
Mark Parker, who joined Nike in 1979, is stepping down after 13 years in charge of the world’s largest sportswear company. Parker who has also been Nike President and Chairman since 2016 will become Executive Chairman.
Ioniqa Technologies is able to break down the components of lower grade plastic and strip out impurities to rebuild the plastic as new. This means that lower grade plastics often destined for incineration or landfill can now be given a new life.