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Eli Lilly CFO resigns over misconduct in workplace

HR Digest

Anat Ashkenazi, previously senior vice president, controller and chief financial officer of Lilly Research Laboratories, has been named as his successor and will now be the next CFO. Ashkenazi joined Eli Lilly in 2001. Smiley was appointed the CFO in 2018.

CFO 52
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An Investigation of Online Reviews Uncovers a World of Lies

Harvard Business Review

Fortune It was perhaps this summer''s most chilling business story: the suicide of Zurich Insurance Group CFO Pierre Wauthier, who left a note condemning the company''s chair, Josef Ackermann. According to this investigation it can, with overdoses of the drug claiming the lives of more than 1,500 Americans between 2001 and 2010.

Review 8
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How AI Helped One Retailer Reach New Customers

Harvard Business Review

It was 2001, and online advertising was at its nascent stage. Albert’s results have been so impressive to date that Simson is now encouraging RedBalloon’s CFO to think in a very different way about the marketing budget. Internet Explorer was the leading Internet browser and Google AdWords had only just recently launched.

Retail 8
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The Market Wants Apple to Unveil a Time Machine

Harvard Business Review

What the naysayers are overlooking or ignoring is that one could have made a list for Steve Jobs that would look remarkably similar: Missed earnings: Apple posted a $247 million quarterly loss ( in 2001 , four years after Jobs took over — and the stock went UP in after-hours trading). Bad quality control: MobileMe, antenna-gate.

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The Rising Tide Lifts One Boat Most of All

Harvard Business Review

Everyone is familiar with the primary methods Gillette used to grow: It innovated via technology (with the Sensor, Mach 3, and Fusion razors), and in 2001 it formally expanded into the women''s leg shaving market with a new brand called Venus. For decades, the shaving market was men''s facial hair removal.

Price 8
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How Amazon Trained Its Investors to Behave

Harvard Business Review

By the fourth quarter of 2001 — that is, within about 21 months — it was turning a profit. In fact, Amazon was only operating at such a high burn rate because it could. Once investors stopped giving it free money, the company quickly cut back on its investments and its losses. Nobody complains.

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Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors

Harvard Business Review

So is John Rice, the head of global operations, along with CFO Jeffrey Bornstein. In June 2017 the board “retired” Immelt and promoted John Flannery to CEO. Since then Flannery has replaced Immelt’s vice chairs responsible for innovation. Comstock is out.

Ries 8