The former chief financial officer for Royal Bank of Canada is suing the bank for almost $50 million over claims of wrongful dismissal. Nadine Ahn said in a lawsuit that there is no merit to the allegations by RBC that she had an “undisclosed close personal relationship” with another employee who received preferential treatment. RBC said … Read more
As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the northern Alberta community was this country’s most famous boom town. High oil prices helped to drive unprecedented demand for the thick, viscous bitumen that lies … Read more
RBC has terminated chief financial officer Nadine Ahn following an investigation into a personal relationship she allegedly had with another employee. In a statement released Friday evening, RBC says it recently became aware of allegations involving Ahn and launched an internal review, while also consulting external legal counsel to investigate. It says the probe found … Read more
Former senior executives of Twitter are suing Elon Musk and X Corp., saying they are entitled to a total of more than $128 million US in unpaid severance payments. Twitter’s former CEO Parag Agrawal, chief financial officer Ned Segal, chief legal counsel Vijaya Gadde and general counsel Sean Edgett claim in the lawsuit filed Monday that … Read more
McDonald’s is expecting to go through a growth spurt. The Chicago-based burger giant wants to establish thousands of new locations around the globe in the next few years, aiming to have 50,000 locations operating by 2027. That’s up roughly 25 per cent from more than 40,000 McDonald’s locations in operation today. The company says its anticipated expansion would represent the … Read more
San Francisco: Music streaming platform Spotify’s chief financial officer (CFO) Paul Vogel is leaving the company after massive layoffs this week and according to Spotify CEO Daniel Ek, Vogel didn’t have the experience needed to help the company expand and meet market expectations. Vogel will depart at the end of March 2024. The development came … Read more
