All Articles from BLOOMBERG NEWS -BoardProspects

Articles from BLOOMBERG NEWS

1-16 of 16
1. In Icahn-SandRidge Tiff, Bitter Words Hide Overlapping Goal
  
  Explore BNN Bloomberg 14 hours, 26 min ago BoardBlogs
  
  (Bloomberg) -- The oil industry’s ugliest battle is heading for a climax in Oklahoma City on Tuesday. But SandRidge Energy Inc. is probably bound for the auction block anyway. Whether SandRidge or activist investor Carl Icahn wins control of the board this week, the oil and natural gas explorer is expected to sell some or all of its drilling rights as it tries to reverse a long slide in its market value, according to David Beard, an analyst with New Orleans investment manager Coker & Palmer Inc. Icahn is seeking to replace the entire seven-member board at Oklahoma-based SandRidge, which has ...
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  Mentions: Investment Investors Carl Icahn
2. McKesson Reduces CEO's Pay 10% Following Revolt by Investors
  
  Explore BNN Bloomberg Jun 15 2018 BoardNews
  
  (Bloomberg) -- McKesson Corp. cut Chief Executive Officer John Hammergren’s pay by about 10 percent following a shareholder revolt spurred by claims about the health-care firm’s alleged role in the nation’s opioid crisis. The International Brotherhood of Teamsters led a vote-no campaign in 2017 against the firm’s executive pay plan after accusing the drug distributor of aggravating the opioid epidemic...
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  Mentions: Investors CEO crisis
3. U.K. Firms Must Justify Executive Pay Gaps Under Government Plan
  
  Explore BNN Bloomberg Jun 9 2018 BoardNews
  
  (Bloomberg) -- Large companies listed in the U.K. will have to explain the pay gap between bosses and employees under government plans to be submitted to Parliament on Monday. Firms with more than 250 staff on their books will have to publish and justify the difference in pay between chief executives and workers and will have to detail how directors are acting in the interests of both employees and shareholders, the Department for Business, Energy and Industrial Strategy said...
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  Mentions: Bloomberg stock options Shell
4. Tech Company Shareholder Meetings Turn Testy as Backlash Grows -
  
  Explore BNN Bloomberg Jun 6 2018 BoardBlogs
  
  (Bloomberg) -- Usually placid Silicon Valley shareholder meetings have become targets for protesters this year, the latest example of a backlash against the technology industry’s growing power. On Wednesday morning, a plane was due to flew over the annual meeting of Google parent Alphabet Inc. with the sign...
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  Mentions: Technology Annual Meeting Alphabet
5. Tesla Board Overcomes Critics as Investors Back Musk, Directors
  
  Explore BNN Bloomberg Jun 5 2018 BoardNews
  
  (Bloomberg) -- Tesla Inc. shareholders sided with its besieged board by defeating a proposal to require that the chairman be an independent director and approving the re-election of three directors criticized by an activist investor group. Shareholders sided with the board’s recommendations on all agenda items, Todd Maron, Tesla’s general counsel, said during the company’s annual meeting Tuesday in Mountain View, California...
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  Mentions: Investment Investors CEO
6. Athenahealth CEO Bush Faces New Allegations as Video Emerges
  
  Explore BNN Bloomberg Jun 4 2018 BoardNews
  
  (Bloomberg) -- New allegations of questionable behavior by Athenahealth Inc. Chief Executive Officer Jonathan Bush are emerging as the health technology executive attempts to fend off a takeover proposal from an activist investor. In the past week, Bush has apologized for assaulting his ex-wife, and public records have surfaced alleging that he subjected a female employee to what she described as a “sexually hostile environment.” Now more examples of potentially inappropriate behavior by Bush have emerged. A 2017 video clip seen by Bloomberg of Bush at a health-care industry event features the CEO dressed up as a race car driver, pretending ...
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  Mentions: Technology Management CEO
7. Redstones' NAI Says It Is No Longer Seeking CBS-Viacom Merger
  
  Explore BNN Bloomberg May 29 2018 BoardNews
  
  (Bloomberg) -- CBS Corp.’s controlling shareholder said it was no longer interested in merging the media company with Viacom Inc., even before CBS filed a lawsuit to fend off a deal. Officials of a company owned by billionaire Sumner Redstone and his family told Viacom directors earlier this month that their interest had waned in merging the owner of MTV, Comedy Central and Paramount Studios with the U.S.’s most-watched TV network in prime time, according to a suit filed Tuesday by National Amusements Inc. NAI didn’t “intend to force a CBS/Viacom merger, whether by removing and ...
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  Mentions: CEO Delaware Merger
8. Forget Golf. Women’s Endowment Roles Can Lead to the Boardroom
  
  Explore BNN Bloomberg May 18 2018 BoardBlogs
  
  (Bloomberg Markets) -- The old boys’ network is costing university endowments money. Investment committees that have female majorities typically generate higher returns than committees that don’t. “There’s something about the way women lead and the way they collaborate,” says Jolyne Caruso-FitzGerald, a 35-year Wall Street veteran and chair of the board of trustees at Barnard College, a women’s school in Manhattan. “There’s this intimidation factor on mostly male boards...
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  Mentions: Board of Trustees Board Diversity Diversity
9. Crescent Point Said to Defeat Activist Investor Cation Capital in Proxy Vote
  
  Explore BNN Bloomberg May 2 2018 BoardNews
  
  Crescent Point Energy Corp.’s shareholders are expected to vote against a slate of directors put forth by activist investor Cation Capital Inc., according to people familiar with the matter. Preliminary results show Cation was unable to secure any seats on the board of the Calgary-based oil and gas producer, said the people, who asked not to be identified because the matter is private. The official tallies are expected to be announced at the company’s annual general meeting Friday in Calgary...
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  Mentions: Crescent Point Energy Cation Capital Glass Lewis
10. Labor Department Says ESG Investments Aren't Always `Prudent'
  
  Explore InvestmentNews Apr 24 2018 BoardNews
  
  The Labor Department's new guidance said that managers should only engage with companies about corporate governance , or environmental and human capital risks when it's likely that those issues will enhance the economic value of their investment. "This indicates the need for a well-developed ...
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  Mentions: Investment Corporate Governance Management
11. Ackman Vows to End Three Years of Underperformance
  
  Explore bnn.ca Mar 26 2018 BoardNews
  
  Billionaire investor Bill Ackman pledged to end three years of underperformance at Pershing Square Holdings Ltd., calling recent returns “particularly unsatisfactory” at a time when markets globally have been buoyant. Pershing Square Holdings’s management company has been restructuring into a smaller, investment-centric organization whose future asset growth will be driven by results, Ackman wrote in a letter to investors...
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  Mentions: Investment Management Investors
12. Valeant CEO Papa says Drugmaker has 'Turnaround Opportunity of a Lifetime'
  
  Explore bnn.ca Jan 10 2018 BoardNews
  
  (Bloomberg) -- Valeant Pharmaceuticals International Inc. became a household name with its historic rise and fall. Reviving the drugmaker is proving a unique challenge. “This is a turnaround opportunity of a lifetime,” Chief Executive Officer Joseph Papa, who took over in May 2016, said during a presentation Wednesday at the J.P. Morgan Healthcare Conference in San Francisco...
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  Mentions: Conference CEO Bill Ackman
13. U.K. Officials Take Aim At Exec Pay, Board Makeup At Private Firms
  
  Explore Investor's Business Daily Nov 29 2016 BoardNews
  
  The U.K. government proposed changes to the way executive pay is set and company boards are structured in measures that would extend to closely held companies, as Prime Minister Theresa May seeks to crack down on corporate excess ...
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  Mentions: Board Diversity Executive Compensation Regulations and Legisation
14. Darden Restaurants to Break Off its Real Estate in REIT Deal
  
  Explore Finance & Commerce Jun 23 2015 BoardNews
  
  Darden Restaurants Inc., whose entire board was replaced last year in a proxy fight, will split off about 430 properties and transfer them to a real estate investment trust, following through on a promise made by its new bosses. The REIT, which will be publicly traded, will lease back the properties to Darden, according to a statement on Tuesday. Darden, the owner of Olive Garden and other casual-dining chains, also is selling about 75 individual restaurants under separate deals...
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  Mentions: Investment Investors CEO
15. Activist Pressure Pays Off at Sotheby’s
  
  Explore Bloomberg Jan 30 2014 BoardNews
  
  Jan. 29 (Bloomberg) –- Bloomberg’s Su Keenan reports on how Activist’s recommended changes have impacted the Art House’s bottom line. She speaks to Mark Crumpton on Bloomberg Television’s “Money Moves.” (Source: Bloomberg)...
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  Mentions: Investor Relations Activist Investors Investors
16. Veteran CEOs find success in comeback role
  
  Explore triblive.com May 25 2013 BoardMoves
  
  Procter & Gamble Co.'s decision Thursday to bring back former Chief Executive Officer A.G. Lafley to replace his successor echoes a now-familiar path epitomized by Steve Jobs at Apple Inc. Another successful comeback was Howard Schultz at Starbucks Corp., while Michael Dell struggled amid declining personal-computer sales after his return. Myron Ullman's second act at J.C. Penney Co. is yet to be tested: he came back last month.
  
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