Lavrov: "We don’t want to isolate ourselves from global life, but we have to be ready for that. Borrell came back talking about sanctions now Russian Foreign Affairs Minister Sergey Lavrov has said Russia would react badly to that. The diplomatic situation between Russia and the EU is worsening, following Russia's humiliation of EU foreign policy chief Josep Borrell when he visited the country. And my book is about how none of it’s in the past." Fortune ![]() But in their own backyards, and in their own companies, they feel they’re fine, that they’ve solved the problems. Flitter: "There’s no question that the Jim Crow–era behavior by these institutions was bad, and they’ve cleaned up their act, and now they want to be good corporate citizens and do whatever they can around the margins to make things better. Financial Timesįortune interviewed New York Times journalist Emily Flitter about her upcoming book on racism at all levels of America's financial system. The firm, which has never had female leaders before, will also overhaul an unpopular performance rating system that demands someone in each team much always get the worst possible rating. ![]() KPMG UK chairman and senior partner Bill Michael has quit after he told staff to "stop moaning" during the pandemic and called unconscious bias "complete crap." He had already temporarily stepped aside while an investigation takes place, with Bina Mehta assuming the chair and Mary O'Connor acting as senior partner. Apart from that Justice Department investigation, the Commodity Futures Trading Commission is also looking into the matter as regards silver trading. Last month's WallStreetBets/GameStop/AMC/Robinhood frenzy is now the subject of a federal probe, with prosecutors looking for evidence of market manipulation or other types of criminal misconduct. Editor’s note: Monday is President’s Day in the U.S., so CEO Daily will next appear on Tuesday.
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