When leaders fail the tone test
The discrepancy between leadership behaviour and company rhetoric is the risk area...
Tag : Chairman
VistaJet completes 100,000th flight as whole and fractional aircraft purchases decline
Global aviation company records 40% of new business from former aircraft owners as customers shift toward sharing economy models March 14, 2017: VistaJet, the first and only global aviation company, announced that it has safely performed over 100,000 flights in its history, recording significant growth as corporations and UHNWIs continue using business jets to travel...
IVSC launches new global standards for valuation profession
The IVSC is an independent, not-for-profit organization which sets global standards for valuation practice and the valuation profession January 19, 2017: The International Valuation Standards Council (IVSC), the global standard setter for valuation practice and the valuation profession, has launched IVS 2017, marking an important milestone towards harmonising valuation practice across the world. The IVSC...
GM expects earnings growth again in 2017
US auto major increases stock repurchase program January 12, 2017: General Motors Co. (NYSE: GM) said it expects its 2017 earnings per share (EPS) diluted-adjusted to increase to $6.00-$6.50, up from its 2016 calendar-year outlook of $5.50-$6.00. In 2017, the company also expects to maintain or improve EBIT-adjusted and EBIT-adjusted margin on higher revenues, compared to 2016, and...
KPMG International aggregated revenue for FY16 is $25.42 billion
Growth driven by investments in innovation, alliances and people December 14, 2016: KPMG International announced aggregated network revenues of $25.42 billion for the fiscal year ending September 30, 2016 (FY16), representing an 8.0% increase in local currency terms. “KPMG’s strong FY16 results, in what remains a slow-growth global environment, are a testament to the passion and innovative thinking we...
Swiss bank loses Singapore banking licence
But Falcon Private Bank welcomes end of 1MDB investigation that caused a political scandal in Malaysia October 11, 2016: Falcon Private Bank, a Swiss private banking boutique with 50 years of expertise in wealth management, has lost its banking licence in Singapore as a fall-out of the 1MDB case. The Swiss Financial Market Supervisory Authority...
Falcon Pvt Bank appoints new CEO
Walter Berchtold takes over the role from Eduardo Leemann September 02, 2016: The board of directors of Falcon Private Bank has appointed Walter Berchtold as new Chief Executive Officer, effective October 1, 2016. Walter Berchtold, who has served the Board since March 2015, succeeds Eduardo Leemann, who will remain with the Bank as Senior Advisor. Walter...
Informal OPEC meet in September does not raise hopes
Experts do not expect a major impact on oil price IFM Correspondent August 17, 2016: The past week saw OPEC announcing plans for an informal meet at the International Energy Forum in late September. The announcement comes at a time when Saudi Arabia is pumping a record amount of oil and Iran is resuming production...
Greenspan, gold, and the banality of evil
The former chairman of the US Fed is warning against an inevitable crisis resulting from the very policies he helped implement Stefan Gleason July 12, 2016: Under certain circumstances, seemingly decent human beings are capable of horrific things.So it is with former Federal Reserve Chairman Alan Greenspan, who parlayed his sound money bona fides into...
Green buildings: Paris achieves top rank
Singapore and London are ranked second and third, respectively IFM Correspondent July 8, 2016: Paris has taken the numero uno rank in the Top 10 global cities for green buildings, according to a recent white paper published by Solidiance, a management consultancy firm in Asia. It is followed by Singapore and London. The methodology used...