John Ray III is a lawyer by profession and has 40 years of experience in legal restructuring. His typical clients are companies which have gone bankrupt, where he steps in as the new CEO to salve whatever obligations that can still be met.
His claim to fame was the Enron case where the lawyer was hired to oversee the liquidation after an accounting scandal at the energy giant drove share prices from $90.75 to less than $1.
Late last year, he stepped in as the CEO of a high profile tech company involved in fraud, which he called ‘worse than Enron’.
Which company is he the current CEO of?
Category: Business
[17]
This company started as a loom machine manufacturing company in 1924, but then transitioned into an automobiles in 1934. The company’s current logo is perhaps a nod to this heritage, with it showing a thread being threaded through the eye of a needle.
Name the company.
Hint: The logo also seems to spells out all the alphabets in the company’s name.
Show Answer Toyota
[15]
6 cities in the USA have sued Kia & Hyundai for a trend which has gone viral on TikTok. The graph below shows a statistic from The Economist which highlights the problem.
What’s the funda?
[14]
Sanjiv Mehta, owner of a luxury lifestyle brand unveiled a basketball sized coin to commemorate the life of Queen Elizabeth II. Made up of 8 pounds of gold, 6,426 diamonds, the ‘coin’ is valued at $23 million.
Mehta acquired this ‘brand’ in 2005, though the company itself originated in 1600 in Britain. What did he acquire?
[12]
X is the biggest player in the eyewear industry. The company owns bands such as Ray-Ban, Oakley, Sunglass Hut and many others. In addition, it designs & manufactures the entire range for brands like Chanel, Prada, Giorgio Armani, Burberry, Versace, Dolce and Gabbana, Michael Kors, Coach, Miu Miu and Tory Burch.
In 2018, it merged with Essilor and the combined entity now holds 30% of the global market.
Name the company.
[7]
According to some sources, this practice started as a cash theft prevention tactic around the time cash registers were being introduced in the US. The idea was that the practice forced the cashier to register every sale, by opening the cash deposit in the register.
While the practice still continues in today’s digital age, though the reason is quite different. What am I talking about?
[4]
In 2005, British Petroleum hired the public relations professionals Ogilvy & Mather to run a campaign to divert the onus of climate change from the oil giant, to individuals. The result was a term which was promoted and then publicized by BP, essentially saying that the lifestyle of individuals – working, eating, traveling, etc – is the leading cause of global warming.
What term did they coin?
[3]
When Vin & Spirit wanted to launch a new premium product for the US market, they departed from the traditional approach of having a tall bottle with a large crimson label, an abundance of crests, and Russian-sounding names.
Instead, their final design was inspired by a bottle found in a medical shop.
What is the product that the company launched?
Show Answer
Absolut Vodka
