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OYO founder Agarwal to forego 100 per cent of annual salary
Reading Time: 2 minutesIndia: Ritesh Agarwal, founder and group CEO of OYO Hotels & Homes, has announced that he is foregoing 100 per cent of his salary for the rest of the year as the company seeks to unite in the face of the impact of Covid-19 on the global travel and hospitality industry. Furthermore, OYO’s entire executive […]
Airbnb considering convertible note debt solution
Reading Time: 2 minutesUS: According to reports by Bloomberg News, Airbnb is discussing using a convertible note in order to help combat future debt issues. The strategy is a way for companies in need of liquidity to acquire funds without overwhelming their debt capacity. A convertible note allows investors to convert a debt obligation into equity at any […]