CEOs | Common News Update

Nov112019 by adminNo Comments

Hong Kong protests haven’t hurt our profitability, say bank CEOs

Finance

Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks said their businesses in the city have not been affected in a big way.Singaporean bank DBS said on Monday that net profit for its Hong Kong business jumped 14% year-on-year in the July-to-September quarter. That performance came on the back of a 15% year-on-year rise in overall profit for the quarter to 1.63 billion Singapore dollars ($ 1.2 billion), which beat analyst estimates compiled by Refinitiv.Hong Kong contributed around 334 million Singapore dollars, or 20%, of DBS' overall profits in the third quarter this year.Piyush Gupta, CEO of DBS, told CNBC's Tanvir Gill that he doesn't anticipate a "serious problem" with the bank's loan book in Hong Kong. But the bank has set aside some mone...

The key to more female CEOs: More female board members

Finance

The number of female Fortune 500 CEOs is shrinking You've seen the headlines about the lack of female leadership, the challenges women overcome to reach the C-suite and the dwindling numbers of women at the top. Some companies are testing out structured mentoring, empowerment programs and ambition summits to fix the problem and correct gender imbalances. But other experts say this may not be a bottom-up problem as much as a top-down one, which begins with a startling lack of diversity on company boards. Related: Why it matters so much every time a woman CEO leaves A majority of companies in the S&P 500 have at least one woman on their boards, but only 25% have two, according to a recent study from PwC. In order for boards to appoint more female CEOs, there first ...

How motherhood made them better CEOs

Finance

YouTube CEO: Longer maternity leave keeps women at work For years, entrepreneur and business journalist Sarah Lacy said people throughout Silicon Valley encouraged her to start her own business. But it wasn't until she had a child that she decided to do it. "I raised money for my first company with my newborn baby in the room with me. I felt like I never had confidence to take that step before," said Lacy, who founded Pando, an investigative journalism site covering the tech industry, six years ago. Last year, she started another company, Chairman Mom, which seeks to provide a judgment-free social platform for working mothers. Motherhood "made me way more ambitious," said Lacy, who writes about her experiences in her book "A Uterus is a Feature, Not a Bug: The Working Wo...