Ed Razek’s departure comes as Victoria’s Secret is struggling to reinvent itself in the #MeToo era. Source: NYT > Business – Tiffany Hsu and Emily Steel
HSBC’s Chief Steps Down, in a Surprise
John Flint, who was C.E.O. for only 18 months, resigned “by mutual agreement” with the board, which also announced solid earnings. Source: NYT > Business – Stanley Reed
HSBC Chief Steps Down After Less Than 2 Years
The bank said it needed a change at the top to address “a challenging global environment.” John Flint will be replaced by Noel Quinn, head of global commercial banking. Source: NYT > Business – Reuters
European Union Nominates Kristalina Georgieva to Lead I.M.F.
Ms. Georgieva, the World Bank chief executive, would replace Christine Lagarde at the International Monetary Fund, one of the most prominent posts in global economic diplomacy. Source: NYT > Business – Alan Rappeport
At The Jewish Week, a Rare Changing of the Guard
A New York community newspaper named a new top editor and a new publisher after 26 years with Gary Rosenblatt in both roles. Source: NYT > Business – Marc Tracy
Bustle Puts Gawker Reboot on Ice
The influential website continues to resist the efforts of its new owner, Bryan Goldberg, to bring it back to life. Source: NYT > Business – Marc Tracy