1. Articles from Will Martin

    1-11 of 11
    1. Barclays CEO Says Edward Bramson, The Activist Investor Agitating for Change at the Bank, Hasn't Laid Out a Strategy

      Barclays CEO Says Edward Bramson, The Activist Investor Agitating for Change at the Bank, Hasn't Laid Out a Strategy
      • Activist investor Edward Bramson has yet to lay out a vision for how he wants British lender Barclays to alter its strategy, despite taking a major stake and publicly agitating for change, according to the bank's CEO, Jes Staley.
      • Bramson, whose hedge fund Sherborne Investors owns a 5% stake in the bank, is agitating for change, but according to Staley, has not set out a vision for doing so...
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    2. A $57 Million Pay Dispute Sees Andrea Orcel get Dumped as New Santander CEO Before Even Getting Started

      A $57 Million Pay Dispute Sees Andrea Orcel get Dumped as New Santander CEO Before Even Getting Started
      • Santander said late on Tuesday that it will no longer be appointing UBS executive Andrea Orcel as its new CEO.
      • The Spanish banking giant said that the level of compensation that was required to hire Orcel was "unacceptable."
      • The sticking point in bringing Orcel to Santander was years of compensation that had previously been deferred by UBS, which, owing to his departure, the Swiss bank was reluctant to pay...
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    3. A Crazy Final Week of September has Already Seen Mergers Worth $60 Billion

      A Crazy Final Week of September has Already Seen Mergers Worth $60 Billion
      • September has seen a flurry of activity in mergers and acquisitions with four major deals announced over the past week.
      • Comcast won a bidding war for Sky, miner Randgold Resources was bought by Barrick Gold, Michael Kors picked up Versace, and Pandora was purchased by Sirius XM.
      • The combined deals are worth more than $60 billion.
      • "September can always be a big month for deals," Ben Kelly, a merger arbitrage analyst at Louis Capital, told Business Insider on Tuesday...
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    4. The CEO of Denmark's Biggest Bank is Out After a Money Laundering Scandal that May Have involved up to $235 Billion of Payments

      The CEO of Denmark's Biggest Bank is Out After a Money Laundering Scandal that May Have involved up to $235 Billion of Payments
      • CEO of Denmark's largest bank steps down over Estonian money laundering scandal.
      • Thomas Borgen resigned after an investigation into the scandal which could have impacted €200 billion ($234 billion) of transactions.
      • Danske Bank has so far identified 6,200 customers who may have been involved in suspicious activity, undertaken via its Estonian branch...
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      Mentions: risk resign Bank
    5. Vodafone's CEO Announces his Departure Less Than a Week After Making $22 Billion Deal With 'Cable Cowboy' John Malone

      Vodafone's CEO Announces his Departure Less Than a Week After Making $22 Billion Deal With 'Cable Cowboy' John Malone
      • Long-serving Vodafone CEO Vittorio Colao is to step down in October this year.
      • He will be succeeded by the telecoms firm's current chief financial officer, Nick Read.
      • The announcement of Colao's departure comes less than a week after Vodafone announced a $22 billion deal with Liberty Global.

      LONDON —Vodafone announced on Tuesday that long-serving CEO Vittorio Colao will step down later this year...

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    6. An Activist Investment Fund Just Became One of Barclays' Biggest Shareholders — and it Could Signal Big Changes

      An Activist Investment Fund Just Became One of Barclays' Biggest Shareholders — and it Could Signal Big Changes
      • Sherborne, an investment vehicle headed up by renowned activist investor Edward Bramson, has acquired a stake of more than 5% in Barclays.
      • Sherborne is now Barclays' fourth-largest shareholder.
      • Only Capital Group, the Qatar Investment Authority, and BlackRock have larger stakes.
      • The investment comes just a few weeks after Barclays revealed a lacklustre set of annual results for the 2017 financial year...
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    7. Tesco’s Former CEO will NOT be Charged over the Company’s £326 Million Accounting Scandal

      Tesco’s Former CEO will NOT be Charged over the Company’s £326 Million Accounting Scandal

      Nov. 29, 2016, 4:46 PM Reuters/Darren Staples Philip Clarke, Tesco’s former CEO. Tesco’s former chief executive Philip Clarke will not face any charges for his role in the accounting scandal that plagued the company in 2014, said Clarke’s lawyer, according to the Financial Times . Clarke was Tesco’s boss when it emerged that the supermarket chain had overstated its profits by an initial £263 million ($326 million), a figure that eventually rose to £326 million once the dust had settled...

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      Mentions: CEO
    8. Rolls-Royce is Taking a Dramatic Step to Protect its Profits

      Rolls-Royce is Taking a Dramatic Step to Protect its Profits

      Struggling engineering firm Rolls-Royce is about to cut its dividend for the first time in 24 years, according to reports from several media outlets, including the Daily Telegraph.

      Although the company hasn't confirmed that it will definitely be cutting its dividend when it releases its annual results on Friday, it is widely reported that this will be the case. Rolls said in November that it was considering its position regarding the dividend...

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      Mentions: Dividend CEO
    1-11 of 11
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    HSBC is Giving its Board the Reboot it Desperately Needs Rolls-Royce is Taking a Dramatic Step to Protect its Profits Here's How Big London Losing Its Financial Passport Could Be Tesco’s Former CEO will NOT be Charged over the Company’s £326 Million Accounting Scandal HSBC Names Bank Veteran John Flint as its New CEO An Activist Investment Fund Just Became One of Barclays' Biggest Shareholders — and it Could Signal Big Changes Vodafone's CEO Announces his Departure Less Than a Week After Making $22 Billion Deal With 'Cable Cowboy' John Malone A Crazy Final Week of September has Already Seen Mergers Worth $60 Billion A $57 Million Pay Dispute Sees Andrea Orcel get Dumped as New Santander CEO Before Even Getting Started Barclays CEO Says Edward Bramson, The Activist Investor Agitating for Change at the Bank, Hasn't Laid Out a Strategy ESSA Announces Changes to its Board of Directors Oracle Co-CEO Mark Hurd Passes Away