Twitter appointed Mumbai-born Parag Agrawal as its CEO on Tuesday, following founder Jack Dorsey’s announcement that he would step down from the role on Monday.
Man of the hour: Agrawal climbed the ladder at Twitter, Inc., going from the role of chief technology officer to his new position in 10 years’ time since he joined the company in 2011.
Hong Kong reportedly allowed J.P. Morgan Chase & Co. CEO Jamie Dimon to bypass strict quarantine protocol for arriving travelers because of the size of their bank and its importance to Hong Kong’s economy.
Special treatment: Dimon spent 32 hours in Hong Kong, where he held meetings with the J.P. Morgan regional chief and thanked the staff for their hard work amid the COVID-19 pandemic, according to CNN.
Editor’s Note: This story has been updated to clarify that Eric Yuan got his visa in his ninth application.
A man whose visa application had been rejected eight times is now the billionaire behind the app that keeps workers in the U.S. connected in the face of the COVID-19 outbreak.
Before Judy Tong Wenhong became Alibaba’s “most inspiring partner,” she served as the company’s receptionist, then customer service representative, and finally, an inexperienced vice president who did not back down in facing tough challenges.
Tong was 30 years old when she joined the Chinese e-commerce hub in 2000.
A Chinese billionaire has sparked outrage for stating that women have caused “moral degradation” in China.
New Oriental Group founder and CEO Yu Minhong, or Michael Yu, made the controversial remark on stage during an education summit in Shanghai on Sunday.
Jack Ma is retiring early and science indicates he may be on to something.
Ma recently relinquished his ownership of “variable interest entities” in Alibaba, a step toward his announced succession plan that would gradually phase himself out of the tech giant he founded 19 years ago.
At 13, Jacki Ng was part of a local gang in Singapore, leading him through a life of petty crime and fighting, which later led to his expulsion from secondary school.
“I was always a child who was a bit different. I was neither conventional, nor rule-abiding,” Ng, who now heads a million dollar diving empire in Singapore, told the Vulcan Post. “I grew up in a dysfunctional family where illegal activities were by no means foreign to my family members.”
Parents in China are finding some creative ways to give their children a head start in life.
A school in Guangzhou is offering “CEO courses” where children as young as three can enroll in to learn how to be a CEO! Classes are two times per week and cost 50,000 yuan, roughly $7,500, per year, according to Shanghaiist (via CRI News).
Asian CEOs are the most confident in the world, according to the recent YPO Global Pulse survey.
Confidence in the Southeast Asian region rose to 60.5%, the highest since the first quarter of 2015. This was led by the weakening of the dollar and the stabilizing slowdown in the Chinese economy.
Businesses run by the highest-paid CEOs are some of the most underperforming companies, research firm MSCI said.
Their study saw little evidence linking large pay to long-term stock performance. More surprisingly, CEOs who are paid less were found to earn larger investment returns.
Yahoo’s CEO Marissa Mayer has recently been under fire for her decision to take a short maternity leave following the expected births of her twin daughters later this year.
The soon-to-be mother of three announced on Tumblr, which is owned by Yahoo, that she will be taking as little as two weeks of maternity leave and will be “working throughout” the duration of her time off, according to The Guardian. Mayer wrote on Tumblr:
The Securities and Exchange Commission has adopted a new protocol mandated by the Dodd-Frank financial law that will require large companies to disclose their median compensation level starting in 2018.
The law was established for the benefit of company shareholders as they will be presented with more information pertaining to how executives are paid. While this law will undoubtedly benefit shareholders it may also come with some unintended backlash.