Chattanooga-Based Unum Named Among Top Employers for New Grads & More Business News
Forbes ranks Unum as one of the top employers of recent graduates
Unum Group has been appointed Best employer 2021 for young graduates by Forbes magazine, ranked 79th among the 250 companies on the list.
This is the first year that Unum, based in Chattanooga, has been recognized for this award. the Top Employers for New Grads The list was compiled based on an independent survey of more than 20,000 young American professionals who were asked about a safe working environment, competitive compensation, opportunities for advancement, ‘effectiveness of diversity and inclusion efforts and the image of the company.
Unum said it typically hires around 1,000 entry-level positions each year, as well as summer and year-round internships and various leadership development programs.
“Young talent has a significant impact on the success of our business and I am proud that we offer competitive programs, benefits and resources to help them succeed,” said Kimberly Bowen, vice president of Global Talent Management.
Two Exxon directors lose in climate fight
Exxon Mobil shareholders voted to replace at least two of the company’s 12 board members with directors deemed best suited to tackling climate change.
The new directors are expected to support Exxon’s finances and guide it through a transition to cleaner energy. The preliminary result of the vote was announced by the company at the end of its annual meeting of shareholders.
The result represents a setback for Exxon’s leadership. This coincides with growing pressure on publicly traded companies to reorganize their businesses more quickly to deal with what critics see as a deepening global crisis.
Alden finalizes the takeover of Tribune
Hedge fund Alden Global Capital made its deal with Tribune and installed new management and endorsed the newspaper chain in debt of $ 278 million, according to regulatory filings.
Alden, which owns the MediaNews Group newspaper chain and is the second largest newspaper company in terms of circulation, has a reputation for cutting costs ruthlessly in search of profit. Thinking of Tribune in debt could make it more difficult to invest in local journalism. The union that represents the journalists had expressed concerns that Alden would use the debt to pay Tribune.
Tribune reporters tweeted that the company was offering voluntary buyouts.
Amazon CEO leaves July 5
Amazon founder Jeff Bezos picked a date to step down as CEO.
Bezos, who has transformed Amazon from an internet bookstore to an online shopping giant, said Wednesday that Amazon chief executive Andy Jassy will take over as CEO on July 5.
“We chose this date because it’s sentimental to me,” Bezos said at an Amazon shareholders meeting on Wednesday. He explained that it was exactly 27 years ago, on that date in 1994, that Amazon was incorporated.
Based in Seattle Amazon.com Inc. announced that Bezos was stepping down as CEO in February, but did not provide a specific date. Jassy, his replacement, currently heads the company’s cloud computing activities.
Bezos, 57 and with a personal fortune of $ 167 billion, won’t go far. He will become executive chairman of Amazon and focus on new products and initiatives. He also plans to focus on his other businesses, such as his rocket company, Blue Origin, and his newspaper, The Washington Post.