Japan’s most famous family of shareholder activists has threatened to hit a leading Toshiba subsidiary with a hostile takeover bid later this week, upping the stakes in a pivotal corporate governance battle...
(Bloomberg) -- A Seoul hedge fund is making a massive bet that hinges on changes in the chronic issue of South Korea’s corporate governance...
Japan’s best-known activist investor, Yoshiaki Murakami, announced a tender offer for Toshiba Machine Co., one of the entities embroiled in a controversial takeover battle for NuFlare Technology Inc...
Best Buy Co.’s board of directors is investigating allegations that chief executive Corie Barry had an inappropriate romantic relationship with a colleague who left the company a few months before she became its leader...
Brian Chesky, Airbnb’s co-founder and C.E.O., spoke exclusively to Andrew last night about the company’s announcement today that it will think about all “stakeholders” when it comes to corporate governance, not just investors...
It didn’t take long for the shareholder group pressuring Primo Water Corp.’s board of directors and management to cash out after the company announced Monday it was being bought in a deal valued at $755 million. Activist hedge-fund group Legion Partners LP of Beverly Hills, Calif., reported in a regulatory filing Wednesday it had sold its entire 9.1% stake, or 3.57 million shares, in Primo. Primo announced at 6:45 a.m. Monday it had agreed to be sold to Cott Corp., based in Mississauga, Ontario...
The hard-fought battle that has kept the biggest utility bankruptcy in U.S. history dragging on for almost a year may finally be coming to an end...
Across the globe, a record 147 investors (up from 131 in 2018) launched new activist campaigns in 2019, including 43 “first-timers” with no prior activism history, according to Lazard’s annual shareholder activism review...
Nissan Motor Co. may stop placing former executives in advisory posts as part of an overhaul to its corporate governance practices following the ousting of former Chairman Carlos Ghosn, sources said Wednesday...
Mandalay Bay, MGM Grand Sold to Joint Venture in $4.6B Deal MGM Resorts will lease both properties for an initial rent of $292 million. MGM Resorts International is selling Las Vegas properties MGM Grand and Mandalay Bay to a joint venture in a deal valuing the properties at $4.6 billion, the companies said. The joint venture includes investment firm Blackstone Group and real estate investment trust MGM Growth Properties...
Kohl’s CEO Kevin Mansell is stepping down next year, ending a 10-year run at the helm of a retailer he helped turned into a behemoth but that has struggled of late. The company said on Tuesday that Mansell would step down in May and be replaced by Kohl’s chief merchant and chief customer officer Michelle Gass...
Divestment decision by the world’s biggest fund manager called a breakthrough – but only a first step. In recent decades, environmentalists have grown used to disappointment when big companies and Wall Street pay lip service to concern over the climate crisis. On Tuesday, it looked like something might have changed...
SAN FRANCISCO — Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker's stock more than doubled in the last three months...
Last year, BP agreed to report in detail on how its investments are compatible with the Paris climate agreement after shareholders supported a resolution proposed by the activist group. It has also extracted pledges from Royal Dutch Shell and commodities giant Glencore. “This announcement from BlackRock will lead to some uncomfortable shuffling in the board rooms of Big Oil…
U.S. educational software company Instructure Inc (INST.N) said on Monday a certain activist investor was trying to derail its $2 billion deal with private equity firm Thoma Bravo...
Bristol-Myers Squibb Co., fresh off completing one of the largest drug-industry mergers ever, is counting on the acquisition to pay off quickly with new products and ease Wall Street concerns...
Parsing CEO pay can be a chore. It’s broken down by base salary, target bonuses, target long term incentive awards, pensions, separate milestones and signing bonuses. It’s Byzantine. It’s enough to say American CEOs are well compensated...
On December 30, 2019, New York governor Andrew M. Cuomo signed legislation requiring the New York State Department of State, partnered with the Department of Taxation and Finance, to conduct a study of the proportion of female members on the boards of domestic and foreign corporations licensed to do business in New York. The “Women on Corporate Boards Study” law requires corporations to report the number of directors on their boards and how many of those directors are women...
Boeing's new CEO, Dave Calhoun, will take over at the company on ... Charles Elson, the Edgar S. Woolard, Jr., Chair in Corporate Governance at the ...
Auto supplier Tenneco Inc. is facing the threat of a proxy battle with an activist investor who has sent a sharply worded letter to directors urging them to sell part or all of the company...
The activist investor who tried to force the sale of Campbell Soup Co. in 2018 has further trimmed his firm’s holdings in the Camden company that owns Pepperidge Farm bread, Prego pasta sauces, Snyder’s of Hanover pretzels, and other brands...
Both companies have been in a heated back-and-forth for months since Xerox announced an unsolicited bid to acquire HP...
The current Offer is the result of a suboptimal process driven by a series of corporate governance shortcomings. We consider that the Offer price of ...
Chelsea Clinton has reaped $9 million in compensation since 2011 for serving on the board of an Internet investment company, according to Barron’s , the financial publication. Barron’s reported Sunday that Clinton has profited handsomely as a board member for IAC/InterActiveCorp, a media and Internet investment company...