Under increasing pressure about the serial management mishaps at Facebook, Mark Zuckerberg said he would not relinquish his title as chairman and that investors who wanted him to step down from the position and focus on being chief executive were misguided. (As the controlling shareholder he cannot be forced from the job.) He also stood by Sheryl Sandberg, Facebook’s beleaguered chief operating officer. The latest scandal to envelop the social network centres on its contract with a consultancy to dig up dirt on its detractors. Mr Zuckerberg and Ms Sandberg both say they were unaware of Facebook’s relationship with the firm.
Fasten your seat belts
The global car industry reacted with shock to the arrest of Carlos Ghosn in Tokyo. Mr Ghosn forged, and heads, the alliance between Nissan and Renault that was later joined by Mitsubishi. He is being detained at the behest of Japanese prosecutors after Nissan alleged that he had understated his earnings and misused company assets. Before his arrest Mr Ghosn’s push for deeper integration between Nissan and Renault had reportedly met some stiff resistance from Nissan’s board.
Israel’s minister for tourism warned that he would seek to impose a punitive tax on Airbnb’s operations in the country, after the firm delisted properties located in Israeli settlements in the West Bank. The home-rental platform acted in response to a campaign by activists to scrub the settlements from its website.
A campaign to attain severance pay for staff at Toys “R” Us who lost their jobs when the company declared bankruptcy resulted in the creation of a $20m hardship fund by Bain Capital and kkr, two private-equity firms. Both were involved in the buy-out of the retailer in 2005, and have been blamed by workers’ groups for its demise. Other firms have been asked to contribute. The workers say the fund needs to reach $75m to cover payments promised to them.
玩具反斗城(Toys " R " Us)在宣布破产后，该公司发起了一场为面临下岗的员工争取遣散费的运动，而贝恩资本(Bain Capital)和kkr设立了一笔2000万美元的遣散费基金。这两家公司都参与了2005年对这家零售店的收购，并因其倒闭而受到工人团体的指责。其他公司也被要求“出钱出力”。工人们表示，该笔基金需要达到7500万美元，才能支付承诺给他们的数额。
Boston Scientific agreed to buy BTG for 3.3 billion pounds ($4.2bn). The deal enhances Boston Scientific’s business in interventional medicine. BTG, for instance, produces small glass microspheres that deliver radiation directly to liver tumours. BTG started life as a research division of the British government. It also has a pharmaceutical arm that focuses on antidotes; its bestselling product is a treatment for rattlesnake bites.