EUR/USD 1.08825
0.276%
Gold 2983.95
-0.164%
Oil 66.886
0.568%
USD/JPY 148.644
0.562%
GBP/USD 1.29350
-0.106%
GBP/JPY 192.274
0.500%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 15th news, U.S. Transportation Secretary Sean Duffy said on the 14th that the 737 MAX model produced by U.S. aircraft manufacturer Boeing has had many accidents in recent years, has lost the trust of the American people, and needs to be strictly regulated.March 15, according to NBC News, U.S. Vice President Cyrus Vance admitted on Friday that Musk made "mistakes" in the process of mass layoffs of federal employees, and emphasized that he believes "there are a lot of good people working in the government." Vances more moderate tone is in stark contrast to the drastic approach taken by Musk. In the first seven weeks of Trumps second presidential term, thousands of government employees were fired, which was the core of Musks work, and these layoffs have triggered multiple lawsuits and have been resisted by judges. Musk has broadly described federal workers as "liars" and believed that they are not trustworthy and cannot do their jobs well. When asked about Musks remarks, Vance said: "I think its obvious that some people are just getting paid but not working. But how many such people are there? I dont know, in a federal workforce of 3 million employees, I dont know if its a few thousand or a lot more than that. But this does not affect or detract from the fact that there are indeed a lot of good public servants doing important work."Market News: The United States has designated South Korea as a "sensitive" country in discussions about nuclear weapons.On March 15, the remuneration of Lip-Wu Chen, the new CEO of Intel, a U.S. chip maker, was revealed in a regulatory filing filed by the company on Friday. In addition to his million-dollar annual salary, Lip-Wu Chen will also receive a $2 million annual bonus, as well as long-term equity incentives and options worth up to $66 million. Intel said: "Most of Lip-Wu Chens compensation is equity-based and linked to long-term shareholder value creation." Lip-Wu Chens employment agreement includes three-year performance targets, and if there is a "change of control" or a major transfer of ownership within 18 months of Lip-Wu Chen joining Intel, he is eligible to retain two-thirds of his stock incentives.German Research Center for Geosciences: A 5.6-magnitude earthquake occurred in Oaxaca, Mexico.

The CEO of Suncor Energy resigns after the most recent workplace death

Skylar Williams

Jul 11, 2022 11:08

1.png


After a series of terrible mishaps at Canada's third-largest oil producer, Suncor Energy Inc. announced on Friday that CEO Mark Little has resigned.


Little was also stepping down from his roles as president and board member, according to a statement from the Calgary, Alberta-based company.


While the board seeks for a permanent successor, Kris Smith, the company's executive vice president of downstream, will succeed Little as temporary CEO.


Little announced his resignation one day after a worker was murdered at Suncor's oil sands base facility in northern Alberta. It was the second fatality at a Suncor facility in 2018, and the twelfth since 2014.


Michael Wilson, the chair of the board, said in a statement, "Suncor is dedicated to attaining safety and operational excellence across our whole company, and we must recognise where we have fallen short and the crucial need for change."


Little, who joined Suncor's CEO in 2019 after serving as COO, is under pressure to address safety and operational challenges. He reminded investors in February that he took full responsibility for deaths at Suncor locations and committed to enhance operations.


Elliot Management, a U.S.-based activist investment fund, announced a 3.4% holding in Suncor in April and encouraged the corporation to install new board members, restructure management, and conduct a strategy review due to Suncor's lagging share price.


As a consequence of Elliot's public criticism, Little's work as chief executive officer was scrutinized more closely.


Canadian Natural (NYSE:CNQ) Resources Ltd overtook Suncor in 2020 as the country's most valued energy firm.


In addition to the deaths, the firm displeased investors by lowering its dividend by a substantial amount in 2020, consistently missing its production projections, and experiencing operational challenges at its new Fort Hills oil sands mine, which have delayed the completion of the project.


Suggestion