Forbes lists Unum among top employers of new grads
Unum Group was named a 2021 best employer for recent graduates by Forbes magazine, ranking 79th among the 250 companies on the list.
This is the first year Chattanooga-based Unum was recognized for this award. The Best Employers for New Graduates list was put together based on an independent survey of over 20,000 U.S. young professionals who were asked about safety of work environment, competitiveness of compensation, opportunities for advancement, effectiveness of diversity and inclusion efforts and company image.
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 makes a significant impact to our business success and I'm 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's shareholders have voted to replace at least two of the company's 12 board members with directors who are seen as better suited to fight climate change.
The new directors are expected to bolster Exxon's finances and guide it through a transition to cleaner energy. The preliminary outcome of the vote was announced by the company after its annual shareholder meeting.
The outcome represents a setback for Exxon's leadership. It coincides with growing pressure on publicly traded companies to more urgently revamp their businesses to address what critics see as an intensifying global crisis.
Alden completes Tribune buyout
Hedge fund Alden Global Capital has closed its deal for Tribune and has installed new leadership and saddled the newspaper chain with $278 million in debt, according to regulatory filings.
Alden, which owns the MediaNews Group newspaper chain and is the second-largest newspaper company by circulation, has a reputation as a ruthless cost-cutter in pursuit of profits. Weighing down Tribune with debt could make it harder to invest in local journalism. The union that represents the journalists had raised concerns that Alden would use debt to pay for Tribune.
Tribune reporters were tweeting that the company was offering voluntary buyouts.
Amazon CEO leaves on July 5
Amazon founder Jeff Bezos has picked a date to step down as CEO.
Bezos, who grew Amazon from an internet bookstore to an online shopping behemoth, said Wednesday that Amazon executive Andy Jassy will take over the CEO role on July 5.
"We chose that date because it's sentimental for me," Bezos said during an Amazon shareholder meeting Wednesday. He explained that it was exactly 27 years ago on that date in 1994 that Amazon was incorporated.
Seattle-based Amazon.com Inc. announced that Bezos was stepping down as CEO in February, but didn't provide a specific date. Jassy, his replacement, currently runs the company's cloud-computing business.
Bezos, 57 and with a personal fortune of $167 billion, won't be going far. He will become executive chair at Amazon and focus on new products and initiatives. He also plans to focus on his other ventures, such as his rocket ship company, Blue Origin, and his newspaper, The Washington Post.