1. Articles from WillMartin19

    1-17 of 17
    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. Pfizer's Long-Serving CEO Ian Read is Standing Down and Being Replaced by his Chief Operating Officer

      Pfizer's Long-Serving CEO Ian Read is Standing Down and Being Replaced by his Chief Operating Officer
      • Pfizer announces that CEO Ian Read will stand down from the start of 2019.
      • He will be replaced by Dr. Albert Bourla, who is currently Pfizer's chief operating officer.
      • "It’s been an honor to serve as Pfizer’s CEO for the past eight years," Read said in a statement.

      Ian Read, the long-serving chief executive officer of pharmaceutical giant Pfizer is set to step down, the company announced on Monday...

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    4. 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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    5. 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
    6. A Top Deutsche Bank Shareholder is Reportedly Going to Unload its $10 Billion Stake

      A Top Deutsche Bank Shareholder is Reportedly Going to Unload its $10 Billion Stake
      • One of the top shareholders in Deutsche Bank is reportedly planning to sell its entire stake in the lender.
      • Chinese conglomerate HNA is reportedly selling the stake in Germany's largest lender as part of an effort to refocus on its core business after several years of investing heavily in overseas businesses.
      • The move comes as Deutsche Bank undergoes a major restructuring under new CEO Christian Sewing...
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    7. Shares in one of Britain's Biggest Coffee Chains Surge 20% after Coca-Cola Announces $5.1 Billion Takeover

      Shares in one of Britain's Biggest Coffee Chains Surge 20% after Coca-Cola Announces $5.1 Billion Takeover
      • US beverage giant Coca-Cola will buy British coffee shop chain Costa in a surprise acquisition.
      • Costa, which is currently owned by Whitbread, is being sold for £3.9 billion ($5.1 billion).
      • Coca-Cola currently has no presence in the coffee market, and wants to use the deal to expand into the space.
      • Shares in Whitbread jump almost 20% at the open on the news...
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    8. 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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    9. 'Dysfunctional' Deutsche Bank is Preparing to Oust CEO John Cryan

      'Dysfunctional' Deutsche Bank is Preparing to Oust CEO John Cryan

      REUTERS/Kai Pfaffenbach

      • Deutsche Bank COO Kim Hammonds told a conference that the bank is the "most dysfunctional" company she has ever worked for.
      • Hammonds made the comments at an internal managerial conference.
      • Her comments come as it is reported that chairman, Paul Achleitner is preparing to oust CEO John Cryan after a clash over strategy...
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    10. 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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    11. 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
    12. British Boardrooms are Still too White and Ethnic Diversity is 20 years Behind Gender Diversity

      British Boardrooms are Still too White and Ethnic Diversity is 20 years Behind Gender Diversity

      There are more women than ever before in UK boardrooms, according to a major new report from headhunter Spencer Stuart — but ethnic diversity is still a huge issue. The Board Index 2015, launched on Monday, the number of women chairing FTSE 150 companies has risen by 5 since 2013, taking the total to 7. The findings may be broadly positive, but two of the UK's most senior businesswomen were ...

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      Mentions: CEO Diversity
    13. These are the 21 FTSE 100 Companies with the Most Female Board Members

      These are the 21 FTSE 100 Companies with the Most Female Board Members

      The Davies Review, the inquiry tasked with improving the gender balance on the boards of Britain's biggest companies, revealed that the number of women in these positions have hit a record high. Lord Davies said  26% of FTSE 100 board members are now women, beating a goal of 25%, according to   the final findings, released  on Thursday. This is more than double the 12.5% female proportion in ...

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      Mentions: Board Diversity CEO
    1-17 of 17
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    These are the 21 FTSE 100 Companies with the Most Female Board Members HSBC is Giving its Board the Reboot it Desperately Needs British Boardrooms are Still too White and Ethnic Diversity is 20 years Behind Gender Diversity Rolls-Royce is Taking a Dramatic Step to Protect its Profits Here's How Big London Losing Its Financial Passport Could Be 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 'Dysfunctional' Deutsche Bank is Preparing to Oust CEO John Cryan Vodafone's CEO Announces his Departure Less Than a Week After Making $22 Billion Deal With 'Cable Cowboy' John Malone Barclays CEO Says Edward Bramson, The Activist Investor Agitating for Change at the Bank, Hasn't Laid Out a Strategy Court Tosses Carl Icahn's Lawsuit Seeking Occidental Acquisition Records NI Holdings, Inc. Appoints New Member to Its Board of Directors