State Street ( STT ) shares jumped Friday afternoon following a report that the institutional investment group is exploring options for its asset management business, including a merger with a competitor...
Walt Disney ( DIS ) shareholders approved CEO Bob Iger's future pay package by a slim 57% margin at the company's annual shareholder meeting even though the media giant proposed to reduce his compensation by $13.5 million. Iger was paid $65.6 million in 2018, a large jump from the $36.2 million he was paid in 2017, thanks to the stock awards he received from the company's upcoming purchase of Twenty-First Century Fox ( FOX ) assets...
Caesars Entertainment Corp. ( CZR ) is gambling on Carl Icahn's input to help the casino operator pick its next chief executive, according to Reuters, which cited people familiar with the matter. The talks are part of a settlement between Icahn and Caesars that would also include board seats, according to the report, after the billionaire activist investor disclosed a 9.8% stake in the company last week. After disclosing his stake, Icahn asked Caesars to launch a process to explore a sale...
Automatic Data Processing Inc. ( ADP ) has officially rejected activist investor Bill Ackman's nominees for its board, opting instead to push for the reelection of all 10 of its existing board members...
The company also announced other corporate governance changes to "align its organizational structure to better leverage its digital business, support ...
Shares of Chipotle ( CMG ) were higher Thursday after two union-affiliated shareholders filed a shareholder resolution Tuesday looking to take board leadership from the company's founder and chairman Steve Ells. The proposal is non-binding but looks to take power by instituting an independant chair on the board. The pressure for changes at the struggling company has been mounting after activist investor Bill Ackman revealed a 9.9% stake in the company earlier this year...
While it is not yet clear exactly what Cook's new role with the company will entail, Nike's corporate governance guidelines say, "Executive sessions or ...
