Activist’s Coup Leaves Billionaire Bollore Reeling
It will be tough for Vivendi to regain the upper hand at Telecom Italia after Elliott successfully pushed for the ouster of the carrier’s CEO...
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Breaking News: In a Shocking Development, Nissan Chairman Carlos Ghosn Has Reportedly Been Arrested
Read Full ArticleCarlos Ghosn, a legend in the auto industry has reportedly been arrested. The longtime leader of the Renault-Nissan alliance allegedly engaged in misconduct, CNN reported. Ghosn has been considered one of the most effective leaders of the past two decades in the car business...
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Read the Full Statement from Nissan Regarding Allegations Against Chairman Carlos Ghosn
Read Full ArticleHere is the full statement from Nissan regarding allegations against Chairman Carlos Ghosn and Representative Director Greg Kelly...
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Telecom Italia Shares Are Up After Board Appoints New CEO
Read Full ArticleTelecom Italia shares rose slightly Monday after the company named Luigi Gubitosi as its new chief executive officer Sunday to replace recently-ousted CEO Amos Genish. Mr. Gubitosi joined Telecom Italia as an independent board member in May 2018. He was appointed an extraordinary commissioner of Alitalia SpA in May 2017 and previously served as CEO of Italy's Wind Telecomunicazioni SpA and general manager of Italian state broadcaster RAI Radiotelevisione Italiana...
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Nissan Plans to Oust Chairman Carlos Ghosn Over Allegations of Serious Misconduct
Read Full ArticleNissan said its Chairman Carlos Ghosn is under investigation after he allegedly violated Japanese financial law...
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British Tech 'Unicorn' The Hut Group Launches Board Shake-Up
Read Full ArticleThe Hut Group, the online beauty retailer which is one of Britain's biggest technology companies, will this week announce a board shake-up including the departure of its chairman. Sky News has learnt that The Hut Group will say on Tuesday that Matthew Moulding, its founder ...
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Why the Corporate Earnings Boom Has Failed to Lift Investors' Spirits
Read Full ArticleMany on Wall Street are weathering the autumn technology rout by buying the shares of firms with slower, steadier earnings growth, the latest sign that investors largely remain sanguine about U.S. stocks despite recent reversals. Trading has turned rocky since the S&P 500 finished the third quarter with its biggest gain since 2013...
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J. Crew CEO James Brett Steps Down After 16 Months in Role
Read Full ArticleJ. Crew Group Inc. CEO James Brett is stepping down after reaching an agreement with the clothing store chain’s board of directors, the company announced.
His tenure as chief executive was brief. He replaced Mickey Drexler last summer amid declining sales and onerous debt payments...
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Telecom Italia Is Said Ready to Name Luigi Gubitosi as CEO
Read Full Article(Bloomberg) -- Telecom Italia SpA is set to name former Merrill Lynch banker Luigi Gubitosi as its new chief executive officer after Amos Genish was ousted this week by allies of an activist shareholder, according to people familiar with the matter. The 10 directors who are backed by Elliott Management Corp. agreed on Gubitosi during a conference call they held Saturday, the people said, asking not to be named since the discussions are confidential...
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Facebook's Mark Zuckerberg Isn't Accountable to Anyone, so it's Time Congress Took Away the Source of his Power
Read Full Article- Facebook's string of scandals over the last several years have highlighted the poor job Mark Zuckerberg has done running the company — and his lack of accountability.
- The social networking giant's stock structure gives Zuckerberg near-absolute control over it, because the shares he holds get far more votes than those held by ordinary investors...
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Former Cisco CEO John Chambers on Facebook’s Leadership Crisis
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SEC Whistleblower Program Continues to Steamroll Securities Fraudsters, Issue Record-Breaking Awards
Read Full ArticleThe SEC Whistleblower Program continued its remarkable run of success in fiscal year 2018. As detailed in its 2018 Annual Report to Congress , the SEC Whistleblower Program has been extraordinarily successful in enabling the SEC root out securities fraud and protect investors...
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PG&E Review May Include Board Shakeup, California Regulator Says
Read Full ArticleOn Thursday, Picker said in a statement his agency will examine “the corporate governance , structure and operation of PG&E, including in light of the ...
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PG&E Has Lost Half its Value This Week as Shareholders Fear Utility's Role in California Wildfires
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Barclays Faces Expulsion From European Blue-Chip Index on Brexit Bloomberg
Read Full Article(Bloomberg) -- The steepest annual decline in Barclays Plc’s shares in seven years is putting the British bank in danger of losing its coveted place in the Stoxx Europe 50 index. The lender, which has come under pressure from an activist investor to shrink its trading business, has lost about 17 percent of its market value this year as Brexit-related fears weigh on U.K. banks...
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Investor Drops Case Against Dell's VMware Stock Swap Deal
Read Full ArticleActivist investor Carl Icahn is throwing in the towel in his lawsuit against Dell Technologies, saying the litigation is "unwinnable" following a new VMware stock swap deal Dell unveiled Thursday which sweetened the offer for shareholders. "In connection with the revised deal, it appears that stockholders representing 17 percent of the stock have decided to switch over and support Dell...
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Curbio Inc. Announces Appointment of ADT Inc. CEO Timothy J. Whall to Board of Directors
Read Full ArticlePRNewswire/ -- Curbio Inc., the leader in pre-sale home renovation, today announced the appointment of ADT Inc. (NYSE: ADT ) CEO Tim Whall to its Board of Directors. Whall became CEO of ADT in May 2016 . Whall is highly respected for his industry expertise, which he began cultivating in high school while working for the family business, Whall Security, in Detroit, Michigan...
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Honest Company Diversifies Its Leadership With A Second Female Board Member
Read Full ArticleHonest Company diversifies their board of directors with their second female member...
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Bombardier Executive Stock Plan Under the Microscope by Securities Regulator
Read Full ArticleMONTREAL - Quebec's financial market regulator is reviewing Bombardier Inc.'s executive compensation plan, calling on the plane-and-train maker to suspend all related trades just hours after Quebec's premier expressed lukewarm hopes about the future of the beleaguered company's commercial aerospace operations. The Autorite des marches financiers is reviewing how Bombardier implemented its Automatic Stock Disposition Plan, rolled out last August...
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ISS Rules for New Campbell Board Members
Read Full Article“Given the board’s subpar oversight of critical issues such as M&A and succession planning, shareholders may wonder whether the incumbent board is capable of steering Campbell back on track in a timely manner,” says ISS in the ruling. Campbell returned about 19% to shareholders over the last two years, while the S&P 500 has nearly tripled. At one point Loeb proposed replacing all 12 board members, but he backed off that request in the last few days...
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Facebook's Board is Throwing Public Support Behind Mark Zuckerberg and Sheryl Sandberg
Read Full ArticleFacebook's board of directors issued a public statement defending the company's efforts in fighting Russian election meddling efforts following the ...
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Improving Proxy-Voting System Discussed At SEC Roundtable
Read Full Article... and work this out," said Darla Stuckey, president and CEO of the Society of Corporate Governance , which represents about 1,000 public companies...
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MoviePass' Owner Lost $130 Million Last Quarter, as it Saw a 'Significant Decline' in Subscribers and 2 More Board Resignations
Read Full Article- MoviePass' owner, Helios & Matheson Analytics (HMNY), reported a loss of $130 million for the three months ending September 30, according to its third-quarter filing with the Securities and Exchange Commission.
- It also noted that MoviePass has suffered a "significant decline" in subscriptions due to unpopular changes.
- Two board members resigned in October the day after HMNY announced that it was planning to branch off MoviePass into its own publicly traded company...
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Dell Technologies: Sweetens VMware Offer with Higher Price, Board Seat
Read Full Article(Reuters) - Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $120 per share, still way short of the $300 price suggested by activist investor Carl Icahn. The computer maker in July offered to pay $21.7 billion, or $109 per share, in cash and stock to buy back shares tied to its interest in VMware, returning the computer maker to the stock market without an initial public offering...
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