Women have moved into top jobs at some of America's biggest and most recognized corporations including IBM, Pepsico and Archer Daniels Midland. But in their shadows, at the second tier of big U.S. companies, it's a different story. A new snapshot of trends at mid-cap companies show women are far less likely than their male counterparts to reach top leadership positions at those firms. On the bright side, however they are starting to close a pay gap with men and - in a cluster of industries - even out-earn them. Researchers at Georgetown University's McDonough School of Business surveyed about 2,000 executives at companies with stock market capitalization of $1 billion to $7 billion, so-called mid-cap firms. They found that women made up 4.5 percent of the top leadership in 2010. That is far less than at larger firms, where other data show women make up about 14 percent of executive positions. "What I find sobering about it is that we are still having an enormous difficulty … [Read more...] about In heart of corporate America, women struggle to break into top jobs
Corporate
Europe’s debt crisis to shake corporate America
BOSTON - The shock waves of Europe's debt crisis will take a toll on corporate America, particularly sellers of cars, consumer products and basic materials that generate significant revenue on the continent. The crisis that this week claimed the heads of the Greek and Italian governments is threatening to throw Europe into recession, and has U.S. companies from General Motors Co to Emerson Electric Co scrambling to find ways to reduce their risk. GM, the No. 1 U.S. automaker, which gets about 17 percent of sales in Europe, on Wednesday warned that it no longer expects to break even in the region this year, with Chief Executive Dan Akerson blaming "Europe's economic morass." Industrial conglomerate Emerson, which generates about 20 percent of its sales in Europe, plans to focus all of its 2012 restructuring efforts on the continent. "Europe is definitely going to be a problem," Emerson CEO David Farr told a conference on Wednesday. "I expect Europe next year to be very challenging … [Read more...] about Europe’s debt crisis to shake corporate America
Đức Giang Corporation achieves profit target in 2017
HÀ NỘI — The Đức Giang Corporation (Dugarco), one of Việt Nam’s leading garment enterprises, aims to earn VNĐ3.3 trillion (US$144 billion) in revenue and VNĐ48 billion in profit this year. The company earned a total revenue of VNĐ2.9 trillion in 2017, up 7 per cent year-on-year and fulfilling 98 per cent of its annual target. Last year’s profit was estimated at VNĐ45 billion, meeting the profit target set for the whole year. Đức Giang’s Board of Directors (BoD) plans a dividend payment of 35 per cent last year, equivalent to VNĐ25.12 billion. The firm’s BoD also plans to hold the 2018 annual shareholder meeting on April 20. — VNS … [Read more...] about Đức Giang Corporation achieves profit target in 2017
Vietnam Railway Corporation launches new high-quality trains to serve passengers
NDO – The Vietnam Railway Corporation (VNR) has recently put six new third-generation trains into operation along the Thong Nhat railway route, with the goal of improving the quality of vehicles in order to best serve passengers’ travel demand.This is a system of new-generation carriages made of top-line materials and equipped with the essential comforts needed for north-south journeys.Each train consists of 15 carriages, including the locomotive, with the pilot train SE4 featuring four high-end soft-seat carriages featuring 56 seats each.Compared to the previous generation trains, these new carriages have more spacious and solid luggage racks to ensure safety. In addition, there are venues for passengers’ bulk suitcases at both ends of each carriage.The bed compartments are equipped with a luxury interior, offering a reading light with a USB charger for each passenger.With the view of increasing conveniences to meet passengers’ entertainment demand, each … [Read more...] about Vietnam Railway Corporation launches new high-quality trains to serve passengers
Sojitz Corporation targets Vung Tau Airport relocation project
Responding to the investor’s plan, the Ba Ria-Vung Tau People’s Committee has asked theprovince's Department of Planning and Investment as well as relevant authorities to supply initial information for investors as well as support them during the study process. Vung Tau Airport covers an area of 172 hectares in the centre of Vung Tau city, which is a crowded residential area. The airport, managed by Southern Service Flight Company under the Ministry of Defence, hosts helicopter flights to serve oil exploration and exploitation activities at sea with a capacity of 100,000 passengers and 500 tonnes of cargo per year. However, after considering the airport’s effect on the city’s space development plan and the flights’ threat to the lives of the locals, in September 2013 provincial authorities agreed to relocate the airport to a less densely populated area on Go Gang Island, some 12 kilometres away from the centre of Vung Tau city. The cost for … [Read more...] about Sojitz Corporation targets Vung Tau Airport relocation project