How to Find Meaning When Your Job Feels Meaningless – Harvard Business Review
How to Find Meaning When Your Job Feels Meaningless Harvard Business Review
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Tag: Business
GE Will Pay $200M Penalty for Power Business Violations
The post GE Will Pay $ 200M Penalty for Power Business Violations appeared first on POWER Magazine.
General Electric (GE) has agreed to pay a $ 200 million penalty to settle claims by the U.S. Securities and Exchange Commission (SEC) that the company misled investors when it failed to disclose material information related to its power and insurance businesses.
In an order on Dec. 9 capping an investigation that the SEC opened in January 2018, the federal agency said GE misled investors when it failed to disclose that more than a quarter of GE Power’s reported profits in 2016, and almost half of its reported profits in the first three quarters of 2017, resulted from reductions in estimates of the cost to complete multiyear agreements to provide repairs and service for customers’ power turbines.
The order outlines a series of events related to the claim, starting with a May 2015 investor conference, when GE’s then-CEO Jeff Immelt described a framework for future earnings growth, even as GE Power was undergoing substantial changes.…
AECOM Sells Power Business as Part of Restructuring
The post AECOM Sells Power Business as Part of Restructuring appeared first on POWER Magazine.
AECOM has announced the closing of the sale of its Power construction business to affiliates of CriticalPoint Capital LLC. Terms of the deal were not disclosed.
The Los Angeles, California-based infrastructure consulting firm, which this month announced a restructuring plan, earlier this year closed on the $ 2.4 billion sale of its Maryland-based Management Services business—which provides consulting services to the government sector—to New York-based private equity firms American Securities and Lindsay Goldberg.
“The sale of the Power construction business marks another milestone in the successful execution of our transformation into a higher-margin, lower-risk Professional Services business,” said Troy Rudd, AECOM’s CEO, in an Oct. 16 news release. “We have built significant momentum in our business and continue to advance efforts to align our organization around a global structure that fosters a culture of collaboration, better connects our expertise and focuses on our best growth opportunities.…
21 HR Jobs of the Future – Harvard Business Review
21 HR Jobs of the Future Harvard Business Review
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