T.J.
Embracing the Enemy is Good Business
Tag Archives: shareholders
JAL cuts routes in bid to draw funds
Japan Airlines is to cut 6,800 jobs, slash its network of overseas routes and withdraw from some airports as it seeks to attract the funding it needs to repair its balance sheet. Haruka Nishimatsu, JAL’s president, also said that the company aims to agree on a capital injection from a foreign rival by mid-October
The Waterboarding Of Ken Lewis
Coercion and the use of force have been part of the American character since settlers started moving West at the end of the 18th Century.
RBS chairman: More job losses coming, Goodwin reconsiders pension
British banking giant RBS has revealed it expects to make more job cuts and that former chief executive Fred Goodwin is considering taking a voluntary cut in his pension. New chairman Philip Hampton Friday made a strong apology for the bank’s mistakes, which lead to a UK record loss of £24.1 billion ($34.6 billion) for 2008.
Former RBS boss’ hefty pension stirs outrage
The embattled former RBS boss Fred Goodwin might want to consider leaving Britain until the media storm and outrage over his estimated £650,000-a-year ($933,000) pension has settled; it may have to be a very long break.