Meltdown? Turmoil at Sanjeev Gupta s Liberty Steel stokes job fears in UK
Gupta was once seen as the saviour of British steelmaking but is now fighting for survival following the collapse of its main lender Greensill Capital and fraud allegations.
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A sign at Liberty Steel s Stocksbridge steel plant on May 26, 2021 in Stocksbridge, northern England. (Photo | AFP) By AFP
LONDON: Sanjeev Gupta s Liberty Steel company one of the world s largest steel empires faces an uncertain future after announcing plans to sell three of its UK plants.
Liberty employs 3,000 UK workers and parent company Gupta Family Group (GFG) Alliance has 35,000 employees around the world, with metalworks and mines in Europe, the United States and Australia.
Sanjeev Gupta's Liberty Steel company one of the world's largest steel empires faces an uncertain future after announcing plans to sell three of its UK plants.
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Thinking inside box? University of Toronto researchers find most CEOs are internal hires
When hiring a new chief executive officer, companies tend to draw from a surprisingly small pool of candidates – most of whom are insiders.
While it’s easier than ever for CEOs to move from one firm to another – leadership skills can be remarkably similar across firms – the majority of CEOs of companies in the S&P 500 index are actually current or former employees of the firm.
That’s according to research by Peter Cziraki, assistant professor of economics in the University of Toronto’s Faculty of Arts & Science, and Dirk Jenter, an associate professor at the London School of Economics.