What does the CEO's plan suggest about the bank's strategy in terms of energy allocation?
StanChart's Investors Offer Muted Response to Three-Year Plan
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The CEO announced a three-year plan to save $700 million by cutting costs and restructuring emerging market businesses in countries like India and South Korea. However, the market response was muted, with shares down 40% since 2015. The company operates in 60 geographies and may need to focus its efforts more strategically. Balancing global growth with cost management is a challenge.
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What challenges do companies face when trying to achieve global growth?
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