Wells Fargo claws back another $75m from former bosses

Wells Fargo claws back another $75m from former bosses

Wells Fargo has clawed back a further $75m (£60.3m) from two former executives in the wake of a fake accounts scandal. Former boss John Stumpf will give back $28m, while Carrie Tolstedt will lose share options worth $47m. Last year...
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Small business sentiment declines as post election euphoria runs out of steam

Small business sentiment declines as post election euphoria runs out of steam

Small-business owner optimism declined in March as sales expectations and earnings came back to earth after a post-election surge. The National Federation of Independent Business said its monthly sentiment gauge fell 0.6 point to 104.7, a slightly larger decli...
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Signs You’re Losing Control of Your Family Business

Signs You’re Losing Control of Your Family Business

When the non-family chairman/CEO unexpectedly told family business owners that they had to live without dividends or sell the business, Tommy leaned over and whispered in his cousin’s ear: “Do you get what’s going on? The numbers have always been...
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Welsh Government business support changed after criticism

Welsh Government business support changed after criticism

A critical report by AMs into a £3m government investment in a Swansea company that went bust has prompted ministers to make changes to the way it supports companies. Steel-coating firm Kancoat was backed despite civil servants warning it had...
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Cisco is planning a major change that could dampen its biggest business

Cisco is planning a major change that could dampen its biggest business

Cisco, the networking giant that for decades thrived on selling expensive hardware, is moving towards separating out some of its key software for use in lower-end switches, The Information reported, citing two people familiar with the company’s plans. Th...
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Bill Against Outsourcing Jobs Back In House Of Representatives

Bill Against Outsourcing Jobs Back In House Of Representatives

Washington: A bill seeking to prevent US companies from outsourcing jobs overseas by “abusing” H-1B programme has been re-introduced in the House of Representatives and may hit Indian IT firms and professionals. Democratic Congressman Derek Kilmer ...
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