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Mastercard CEO says it’s important to know when it’s time to step aside

Mastercard CEO says it’s important to know when it’s time to step aside

Finance
Mastercard President and CEO Ajay Banga told CNBC Tuesday that he has led the company for more than a decade and that it is time to pass the baton.He will transition out of the roles next year, ceding the chief executive seat on Jan. 1 and the president title months later to current Chief Product Officer Michael Miebach."When I joined I told everybody that I'd give it a 10-year crack. This is the 11th year and so it's fine," said Banga, joined by Miebach, in a "Mad Money" interview with Jim Cramer. "Knowing when to step aside is as important as knowing when to drive."Banga endorsed the incoming CEO for his understanding of the payments industry, geographies and the company culture. Under Banga's tutelage since the summer of 2010, Mastercard stock rose from about $ 20 per share to $ 302.89 ...

Transfer news and gossip LIVE: Manchester United step up efforts to sign Fernandes, Eriksen edges closer to Tottenham exit, West Ham rule out Fellaini move

Sports
[unable to retrieve full-text content]The transfer window is now open and we will keep you across all the big news, rumours and gossip throughout January. Tune into talkSPORT for the very latest news and expert reaction from former managers, players and top pundits and follow our live rolling blog below… Top stories on talkSPORT.com Premier League done deals: Every […] talkSPORT
UK’s cyber security chief to step down next year

UK’s cyber security chief to step down next year

Technology
The head of Britain's frontline defence against cyber attack warned the challenge of securing technology will become ever more complex as it was revealed he will step down next year.Ciaran Martin, 45, will leave the National Cyber Security Centre (NCSC) in the summer, almost four years after founding the organisation, the government said on Friday evening. It said his decision to move on had been a "long-standing" plan."It has been the privilege of a lifetime to set up the NCSC and lead its brilliant people," Mr Martin, a career civil servant, said in a statement."When we created the NCSC we set out to achieve something truly special, and I hope and believe we are leaving UK cyber security in much better shape. Advertisement ...
Air parcel deliveries move step closer in drone trial

Air parcel deliveries move step closer in drone trial

Technology
Pilotless drones are to be tested in the UK as part of a step towards making Amazon-type deliveries by air a reality.An official trial will involve an unmanned small aircraft tested beyond an operator's visual line of sight, something that is currently banned under normal aviation rules. A control room operator "will monitor semi autonomous drones being flown 50 miles away, initially carrying out inspections on construction sites" in an advanced evaluation in February, reports the Times.It comes after the Civil Aviation Authority (CAA) published a guide aimed at making unmanned drone flights an "everyday occurrence".The CAA said potential benefits could include drone parcel deliveries, long-distance aerial surveys of infrastructure and construction, as well as surveying accident and crime ...
Google founders Larry Page and Sergey Brin step back from top roles

Google founders Larry Page and Sergey Brin step back from top roles

Technology
Google founders Larry Page and Sergey Brin have announced they are stepping down from top roles at the online giant's parent company. They will leave their respective roles as Alphabet's chief executive officer and president but remain on the board.Google's CEO Sundar Pichai will become Alphabet's CEO too, a statement said.Alphabet was created in 2015 as part of a corporate restructuring of Google, which Mr Page and Mr Brin famously founded in a California garage in 1998.The parent company was intended to make the tech giant's activities "cleaner and more accountable" as it expanded from internet search into other areas such as self-driving cars. The pair moved from Google to Alphabet when it was formed - saying they were making ...