HR News: 20 Mar, 2017

1.

30 corporate leaders to discuss ‘happiness’ on March 24 in Mumbai

The Happiness Conclave (THC) scheduled for March 24 at the Taj President in Mumbai, is all about some serious discussion on happiness and how organisations can benefit from it.

It’s never a part of any boardroom discussion. Yet, it’s the most important aspect that every organisation aims to achieve—it’s happiness. Be it happiness for customers or happiness for employees, an organisation cannot do without it.
As Adil Malia, CEO, The Firm, says, “Strange, but in turbulent times, the key to thriving is for an enterprise to become 'net happiness + '. A 'happy enterprise ' is based on an open business design where its ‘value creation' journey is anchored in the values it enshrines and is in 'Samanvay' with the values sought after by its people and other stakeholders.”
But do organisations have a strategy in place to achieve happiness?
The Happiness Conclave (THC) scheduled for March 24 at the Taj President in Mumbai, is all about some serious discussion on happiness and how organisations can benefit from it.

2.

Tata Steel and Wipro only two Indian companies amongst world’s 124 most ethical

The 2017 World’s Most Ethical Companies list honours 124 companies spanning five continents, 19 countries and 52 industry sectors.

The Ethisphere Institute, a Scottsdale, Arizona-based organisation that defines and measures corporate ethical standards and recognises companies that excel, and promote best practices in corporate ethics, has announced its 2017 list of most ethical companies in the world.
This year’s list honours 124 companies that span five continents, 19 countries and 52 industry sectors. Out of the 124 honorees, only Tata Steel and Wipro have been able to make it from India.
Apart from the two Indian organisations, multinational companies, such as 3M, Accenture, Capgemini, Dell, Eli Lilly, Ford, GE, Intel, Kellogg, Marriott, Microsoft, Pepsico, Schneider Electric, Xerox and more appear on the list of 124.
The ‘World’s Most Ethical Companies’ programme honours companies that excel in three areas—promotion of ethical business standards and practices internally, enablement of managers and employees to make good choices, and shaping of future industry standards by introduction of tomorrow’s best practices today.

3.

Yahoo CEO Marissa Mayer’s male successor to enjoy an easier job and a bigger salary.

Thomas McInerney, the new CEO, will get a starting base salary of $2 million, double that of Mayer’s current.
Yahoo has been sailing the rough tides and has reached the point where the business may need to be diluted to stay sustainable. As Yahoo plans to sell its business to Verizon, it has reportedly picked a new CEO to replace Marissa Mayer once the deal gets closed. In line with that, reports suggest the new CEO’s salary will be way higher than what Mayer draws.
The company is reportedly selling its technology and advertising business to Verizon, and the remaining part will consist only of the hoard of Alibaba stocks that Yahoo owns, its stake in Yahoo Japan, and a miscellaneous array of smaller investments. It is quite evident that with the remnants, it will not be as big a deal to handle as what Mayer had in her kitty.
That said, leaving behind the unsuccessful attempts to make the business profitable, Mayer will be walking away with a $23 million severance package. Add to that the $69 million worth of unexercised stock options awarded to Mayer, plus the $97 million of Yahoo stock she already owns (which she'll be free to sell when she leaves the company), and her net worth is set to increase by about $189 million.
However, it seems an even sweeter deal is being offered to her replacement, Thomas McInerney. McInerney, the former chief executive of IAC—the Internet media company once known as InterActiveCorp, which owns dating sites including Match.com (MTCH)—will get a starting base salary of $2 million as Yahoo's new CEO. That's evidently double the $1 million base salary that Mayer currently takes home.