1. Articles from Giovanni Bruno

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    1. P&G (PG) CEO Slams Activist Nelson Peltz, Says He Would 'Change Soul' of Company

      P&G (PG) CEO Slams Activist Nelson Peltz, Says He Would 'Change Soul' of Company

      The deadline for Proctor and Gamble ( PG ) shareholders to vote is drawing ever-closer, and P&G CEO David Taylor has made one last plea to all shareholders to vote to reject the restructuring proposed by activist investor Nelson Peltz. Peltz's fund, Trian Fund Managment which maintains a significant stake in P&G, is urging investors to shake up the consumer goods conglomerate and boost the value of shares. But, Taylor could not disagree more with that view...

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    2. Tenet Healthcare Stock Surges in After-Hours on Reports of Potential Sale

      Tenet Healthcare Stock Surges in After-Hours on Reports of Potential Sale

      Shares of the Dallas-based healthcare services company Tenet Healthcare ( THC ) were climbing over 14% in after-hours trading after Dow Jones reported that the company is exploring options related to its future, including the possible sale of the company. Tenet announced last month that it would replace chairman and CEO Trevor Fetter as director and CEO amid pressure from Glenview Capital Management, an activist investor who owns a 17.8% stake in the company...

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    3. Nike CEO Mark Parker to Take 71% Pay Cut in 2017

      Nike CEO Mark Parker to Take 71% Pay Cut in 2017

      Nike ( NKE ) CEO Mark Parker will take a 71% pay cut this year, making a total of $13.9 million, primarily predicated on stock and option benefits, according to regulatory filings . Last year Parker made $47.6 million and was one of the highest paid executives in the country. The athletic retailer also slashed the pay for its other top executives. The shifts in executive pay come just a month after Nike said it would lay off 1,000 workers to combat weaker U.S. sales and increased competition...

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