DINNER PARTY INTEL: China putting a stop to ‘social offences’
1. Aloof government Unilever CEO Paul Polman’s "icy" relations with UK prime minister Theresa May might have helped push the company to scrap its London headquarters and make Rotterdam its legal home. The Financial Times says CEOs have found it impossible to organise face time or phone calls with May, even in moments of crisis. And for Unilever, the deterioration in relations with the government coincided with its hostile takeover bid from Kraft Heinz. Unilever publicly says its choice was not linked to Brexit and that it would simplify its structure. But the Financial Times quotes Polman saying: "I discovered that I had to unfortunately explain to people in the government what the impact was [on] a company like this." 2. China putting a stop to ‘social offences’ China will apply a "social credit system" to flights and trains and could even stop people who commit misdeeds from using such transport for up to a year. Reuters reports that the system will apply to people found to have s...
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