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May 6, 2016

Reckitt Benckiser CEO apologises for steriliser scandal; Kinnevik drops representatives from Rocket Internet; and Sumner Redstone trial to open with video

Reckitt Benckiser CEO apologises for steriliser scandal

Rakesh Kapoor, the non-family chief executive of British multinational consumer goods company Reckitt Benckiser, has apologised for the sale of deadly disinfectants linked to fatal lung injuries in South Korea.

The apology came in the same week as Reckitt shareholders protested the chief executive’s £23.2 million ($33.6 million) pay package.

March 31, 2016

Swedish investment company Kinnevik, whose executive chairman Cristina Stenbeck stepped down last week, has bought $65 million worth of shares in independent robo-advisor Betterment.

Swedish investment company Kinnevik, whose executive chairman Cristina Stenbeck stepped down last week, has bought $65 million worth of shares in independent robo-advisor Betterment.

According to a company statement, Kinnevik’s acquisition was part of a $100 million financing round that included previous investors Bessemer Venture Partners, a venture capital firm owned by the Phipps family, as well as Anthemis Group and Francisco Partners.

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