NEW YORK (Reuters) - United Airlines’ ( UAL.N ) chief executive decided to do without his 2017 annual bonus and the carrier’s board chairman will step down, United said in a regulatory filing on Monday, amid ongoing fallout surrounding its customer-service failures...
CHICAGO (Reuters) - Citigroup Inc Chairman Mike O'Neill said on Tuesday all options were being considered to find a successor before he steps down in the next 12 months, after reaching the retirement age of 72. CHICAGO (Reuters) - Citigroup Inc Chairman Mike O'Neill said on Tuesday all options were being considered to find a successor before he steps down in the next 12 months, after reaching the retirement age of 72...
Wells Fargo & Co. ’s leaders deserve fatter paychecks after a tough year, according to investors...
Corporate America's boardrooms have long been criticized for being too old, too white and too male. But while the race and gender makeup of corporate boards have come under scrutiny in recent years -- with shareholders pushing companies to add women and minorities and the media calling out board homogeneity when companies try to tout equal pay -- the age part of the "old boy's club" stereotype has gotten far less attention...
Wells Fargo's annual meeting is on Tuesday in Des Moines, Iowa, 1,800 miles away from company headquarters, where top executives have been scrambling for nearly two years to contain the damage from a sales practices scandal...
London Stock Exchange Group Plc’s directors should be prepared to confront “behavioral and performance issues” among management, according to a review that absolved its board of blame in the acrimonious departure of former Chief Executive Officer Xavier Rolet. Rolet abruptly left LSE in November amid a battle between the 217-year-old bourse’s board and activist investor TCI Fund Management , which wanted Rolet’s contract extended and sought to oust Chairman Donald Brydon instead...
Investors who want to make sure executives deserve the big pay they got in last year’s bull market are set to descend on annual meetings in coming weeks to vote on compensation and elect directors. They’re also set to agitate for strategic moves and ensure companies have a handle on climate change, diversity and cybersecurity...
United In late 2015, Oscar Munoz was appointed as United’s CEO. Oscar Munoz was universally loved, including by employees and passengers, which is extremely rare. It seemed like he really wanted to change the airline for the better, and he made his motto “actions speak louder than words.” Unfortunately for Munoz, United has had a really rough time in 2017 and 2018, with seemingly more public relations nightmares than any other airline...
“You can create special committees and make all the arguments you wish, but ultimately, human nature always wins out,” said Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. The Sears CEO, who disclosed that he owns 49% of Sears ...
Wells Fargo & Co. re-elected all of its 12 board directors with more than 89% of preliminary votes, in a shift from the bank's chaotic shareholder meeting last year. Wells Fargo, which hosted the meeting in Des Moines, Iowa, near its mortgage-business headquarters, still heard complaints about Chief Executive Timothy Sloan, executive compensation and its relationship with the firearms industry during the 2 1/2 -hour-long meeting...
NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today that it has appointed Edmond N. Moriarty, III to its Board of Directors as an independent Class I Director, effective immediately. Mr. Moriarty's appointment expands the Board from eight to nine ...
SAN FRANCISCO--(BUSINESS WIRE)--SharesPost, Inc., a leading liquidity provider to the Private Technology Growth asset category, today announced that Jeff Miller, an investor and leader of wealth management businesses and technology platforms, has joined its Board of Directors . Miller has ...
“We are pleased to have Chris join Alpine's Board of Directors during this period of significant growth of our company,” said Mitchell H. Gold, M.D., Executive Chairman and Chief Executive Officer of Alpine. “Chris's strong track record of strategic and financial achievements, including expertise supporting ...
ST. LOUIS--(BUSINESS WIRE)-- Reinsurance Group of America, Incorporated (NYSE:RGA), a leading global life and health reinsurer, today announced the appointment of John J. Gauthier and Hazel M. McNeilage to its Board of Directors. The two independent directors will begin their service in July 2018. The addition of Mr. Gauthier and Ms. McNeilage increases the number of RGA directors to 11. “I am very pleased to welcome John and Hazel to the RGA board...
WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co’s ( WFC.N ) disclosure of how its chief executive’s pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank’s annual shareholder meeting....
Netflix CEO Reed Hastings saw his pay rise five percent to $24.4 million in 2017, the company disclosed in a regulatory filing on Monday. Netflix’s chief creative officer, Ted Sarandos, also saw his total compensation package rise 18.5 percent from $18.9 million in 2016 to $22.4 million last year. Netflix’s executive pay increases came amid a period of great growth for the company...
Varex Imaging Corporation (NASDAQ: VREX) today announced that Walter M Rosebrough, Jr. has been appointed to the company's Board of Directors , effective April 20, 2018. Mr. Rosebrough is President and Chief Executive Officer, and a Director of STERIS plc (STE) and has served in this capacity ...
ALAMEDA, Calif., April 23, 2018 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:AQMS) (“Aqua Metals” or the “Company”), which is commercializing an electrochemical lead recycling technology called AquaRefining™, today announced executive management changes under its previously announced succession plan and notable enhancements to the structure of its Corporate Governance. Executive Management Succession The Board has named Company co-founder and current COO Selwyn Mould as interim Chief Executive Officer, effective immediately ...
CINCINNATI -- The E.W. Scripps Co. expects to spend $3 million on a proxy contest in which activist investor Mario Gabelli is trying to claim three board seats...
As part of the agreement, the Board of Directors has appointed two new independent directors, Gerardo I. Lopez and Robert A. Steele, effective immediately. Additionally, the company intends to nominate Bridget Ryan Berman from Starboard's slate, who has been mutually-agreed upon by Starboard ...
(Reuters) - Activist investor Elliott Management Corp on Monday proposed the addition of three independent members to the board of Hyundai Motor Group in a document laying out its agenda after taking a more than $1 billion stake in the carmaker...
ComScore has tapped board member and digital agency veteran Bryan Wiener as its new chief executive, as the media-measurement company tries to move past years of accounting irregularities . Mr. Wiener is currently executive chairman of Dentsu Inc. -owned ad and media agency 360i, and he has been on comScore’s board since October 2017. ComScore has been without a CEO since November, when co-founder Gian Fulgoni retired from the position...
The group has an online petition demanding that Wells Fargo fire its board of directors and CEO Tim Sloan, pay restitution to customers affected by the bank's scandals, and not interfere with employees' efforts to unionize. CCI is also critical of Wells Fargo for its refusal to sever ties with the National Rifle ...
We look forward to welcoming her to the W. R. Berkley Corporation Board of Directors .” Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty ...