Popular Inc. , Puerto Rico’s largest lender, amassed record losses during the credit crisis and got a $935 million injection from U.S. taxpayers. Now a loan to a real estate venture overseen by the chief executive officer’s nephew is burning a hole in the bank’s books.
Alibaba Group Holding Ltd. will be governed by a partnership with exclusive right to nominate a majority of its board of directors, the company said yesterday, unveiling the details of a structure that kept it from pursuing an initial public offering in Hong Kong.
Best Buy Co.’s board hired Washington law firm WilmerHale for its investigation of former Chief Executive Officer Brian Dunn’s personal conduct, with two former federal officials involved in the probe.
Nov. 14 (Bloomberg) -- James Post, public policy professor at Boston University School of Management discusses a crackdown on sexual affairs in the executive suite and leadership positions. He speaks on Bloomberg Television's "In The Loop."
A U.S. probe of possible bribery in Mexico by a Wal-Mart Stores Inc. unit to boost store growth follows more than a decade of allegations that the company violated laws on illegal immigrant workers, overtime, gender bias and preservation of evidence in pursuit of larger profits.