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Hedge Fund Hestia Seeks Leadership Overhaul at Pitney Bowes
The shareholder is calling for a new chief executive and five new board members at the century-old shipping services company. Source link
Growing CEO Pay Gap Gives New York an Extra Edge Over London
Chief executives of U.S.-listed companies can easily make triple what their U.K. counterparts earn. Source link
McKinsey Is Shutting Down Its Restructuring Business
Consulting firm McKinsey & Co. is shutting down its corporate-restructuring practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar
Apartment-Building Sales Drop the Most in 14 Years
Interest-rate increases and banking turmoil push down demand for multifamily buildings. Source link
TikTok Fined $15.8 Million by U.K. Regulator for Misuse of Children’s Data
Tech Social-media platform failed to remove underage users, authorities say Source link
Housing Is Turning Out to Be a Lousy Shelter for Investors
Apartments have been the second-worst performing type of real estate in the U.S. after offices over the past year. Source link
Richard Branson’s Space Company Virgin Orbit Files for Bankruptcy
Markets Finance The company says it is working toward finding a buyer for a once star player in the billionaire’s portfolio Source link
Australia Bans TikTok From Government Devices Amid Security Concerns
With the decision, Australia joins the U.S. and all other members of the so-called Five Eyes intelligence alliance in restricting government access to the video-sharing
America Has Too Much Parking. Really.
Many cities are getting rid of spaces, freeing land for new development. “People are looking for a place to live, not to park,” said a
Klaviyo Hires Bankers, Plans for Late 2023 IPO
WSJ News Exclusive Finance Marketing-automation company’s plans show potential thaw in new-issue market Source link