BoardNews -BoardProspects

Articles in category: BoardNews

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1. A New Law Prohibiting Employers From Inquiring About a Candidate’s Salary will shake up Wall Street Recruitment
  
  Explore Business Insider 14 hours ago BoardNews
  On Halloween this year a new law takes effect in New York City prohibiting employers from inquiring about a candidate’s salary history during the hiring process.
  
  It will move the spotlight away from a too-basic metric—compensation—and shine it on the most profound elements of long-term value for an organization: motivation, cultural fit, aspiration, understanding of the business and strategic intelligence.
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  Mentions: compensation recruitment
2. BHP Shareholders Tell Chairman MacKenzie What They Really Think
  
  Explore Sydney Morning Herald Oct 20 2017 BoardNews
  
  The freshly minted chairman of BHP, Ken MacKenzie, has travelled the world on what he calls his shareholder "listening tour" – an exercise which could more be accurately characterised as a shareholder assessment of the company's performance. His feedback? There were "areas we could do better" ... "areas where focus needs sharpening" and "areas we can build on"...
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  Mentions: Board Chair BHP Shareholders
3. It's Time for a New Broom to Sweep Clean General Electric, Jim Cramer Warns
  
  Explore Stock Market Today Oct 19 2017 BoardNews
  
  It's time for change at General Electric ( GE ) , according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer. "GE, right now, reflects a 15 cent cut in the quarterly dividend," Cramer said, referring to investors' fears that GE may reduce its dividend in an effort to turnaround the company. Earlier this month, GE announced the departures of a host of executives, including its chief financial officer and vice chairman...
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  Mentions: Investors Dividend Jim Cramer
4. The Truth About Jeff Immelt and General Electric's Corporate Jets
  
  Explore CNBC.com Oct 19 2017 BoardNews
  
  General Electric CEO John Flannery is considering every cost-cutting measure for his company, putting scrutiny on his predecessor Jeff Immelt...
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  Mentions: CEO General Electric Jeff Immelt
5. ADP is Already Making Changes Ackman Wants
  
  Explore 4-traders : one website, all markets Oct 19 2017 BoardNews
  
  Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday. "We have a pretty good track record of being able to deliver good improvements in our own business without making massive one-time job cuts," Rodriguez said...
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  Mentions: CEO Automatic Data Processing ADP
6. American Express' CEO is Stepping Down
  
  Explore Business Insider Oct 18 2017 BoardNews
  Reuters
  
  Kenneth Chenault is stepping down after nearly 18 years at the helm of American Express.
  
  Warren Buffett called Chenault "the gold standard for corporate leadership..."
  
  American Express Chairman and Chief Executive Officer Kenneth Chenault is stepping down after 37 years at the company, a company press release said on Wednesday...
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  Mentions: Leadership CEO Berkshire Hathaway
7. The Company Behind Burger King Wants to Take Over Fast Food — and That Could Mean Buying Papa John's
  
  Explore Business Insider Oct 18 2017 BoardNews
  Restaurant Brands International, the company behind Burger King and Tim Horton's, recently snapped up popular fast food chain including Popeye's.
  
  Credit Suisse says investors want more, and predicts Papa John's, Wingstop, or Yum Brands could be next.
  
  After snapping up Popeye’s for $1.8 billion earlier this year, investors in Restaurant Brands International, the company behind Burger King and Tim Horton’s, are hungry for more...
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  Mentions: Investors Credit Suisse Buffalo Wild Wings
8. Pay Raises for Corporate Board Members Far Outpace Average Americans'
  
  Explore fortune.com Oct 18 2017 BoardNews
  
  Compensation rates for corporate directors at the largest U.S. public companies have jumped nearly 20% in the past five years. That’s nearly twice the salary increase of the average American.
  
  A study from Equilar, a firm that tracks executive compensation, shows that the average base pay for directors at 500 companies jumped from $205,500 in 2012 to $245,000 in 2016—a 19.5% increase...
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  Mentions: Corporate Board Member Executive Compensation Public Companies
9. World's Largest Miner Warned Bending to Activists Poses Risks for Debt Investors
  
  Explore Bloomberg Oct 18 2017 BoardNews
  
  BHP Billiton Ltd. ’s new Chairman Ken MacKenzie is grappling with a simmering campaign by activist shareholders -- moving too far to appease them could risk unsettling debt investors who own the world’s biggest miner’s $24 billion of bonds...
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  Mentions: Management Investors CEO
10. Chico's FAS, Inc. Recognized for Advancing Gender Diversity in the Boardroom
  
  Explore Stock Market Oct 18 2017 BoardNews
  
  October 18, 2017 at 08:00 AM EDT Chico's FAS, Inc. Recognized for Advancing Gender Diversity in the Boardroom FORT MYERS, Fla. , Oct. 18, 2017 /PRNewswire/ -- Chico's FAS, Inc. ( NYSE: CHS ) today announced that it will receive the Women Executive Leadership Florida's (WEL Florida) 2017 Corporate Salute Elevate Award for the Company's advancement of gender diversity in its boardroom and C-Suite...
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  Mentions: Diversity Leadership CEO
11. Rio Tinto and its Former CEO Tom Albanese Have Been Charged with Fraud
  
  Explore Business Insider Oct 18 2017 BoardNews
  
  US authorities have charged Rio Tinto and two former senior executives, including former CEO Tom Albanese, with fraud.
  
  The Securities and Exchange Commission (SEC) alleges the executives inflated the value of coal assets that were acquired for $3.7 billion and sold a few years later for $50 million.
  
  Rio Tinto, the world’s second largest mining company behind BHP, faces permanent injunctions, return of allegedly “ill-gotten gains” plus interest, and civil penalties...
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  Mentions: CEO SEC CFO
12. Pershing Square's Nominees For ADP's Transformation To Participate In A Fireside Chat
  
  Explore Stock Market Today Oct 17 2017 BoardNews
  
  Pershing Square Capital Management, L.P. ("Pershing Square") today announced that Pershing Square CEO Bill Ackman, Veronica Hagen and Paul Unruh ("The Nominees for ADP's Transformation") will participate in a fireside chat hosted and moderated by Sanford C. Bernstein & Co. ("Bernstein")...
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  Mentions: Board of Trustees National Association of Corporate Directors Technology
13. Florida Eyes Lawsuit Against Valeant Pharmaceuticals
  
  Explore orlandosentinel.com Oct 17 2017 BoardNews
  
  ... rather than joining a class-action lawsuit against the company. ... insist on meaningful corporate governance reforms as an important component of ...
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  Mentions: Corporate Governance lawsuit Valeant Pharmaceuticals
14. Harvey Weinstein has Resigned from The Weinstein Company Board, as the Company Struggles to Survive
  
  Explore Business Insider Oct 17 2017 BoardNews
  
  Harvey Weinstein resigned Tuesday from the Weinstein Co. board of directors, as the company continues to try to distance itself from the disgraced mogul.
  
  Though he was fired as co-chairman on October 8, Weinstein continues to own 22% of the company’s stock, and until today continued to hold a seat on the board.
  
  The company now risks falling into a protracted legal battle with Weinstein, who alleges his firing was illegal...
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  Mentions: Amazon Twitter Shareholders
15. Discontent in the Boardroom Reaches All-Time High, According to PwC's 2017 Annual Corporate Directors Survey
  
  Explore Stock Market Oct 17 2017 BoardNews
  
  NEW YORK , Oct. 17, 2017 /PRNewswire/ -- Almost half (46 percent) of public company directors say a colleague needs to be replaced, according to PwC's 2017 Annual Corporate Directors Survey...
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  Mentions: Corporate Governance Shareholders
16. Activist Investor RBR Capital Advisors Presses for Credit Suisse Break-Up
  
  Explore The Star Online Oct 17 2017 BoardNews
  
  ZURICH: Activist investor RBR Capital Advisors has launched a campaign to break up Credit Suisse after building up a small stake in Switzerland's second biggest lender.
  
  A spokesman for the Swiss hedge fund told Reuters on Tuesday it has been talking to the management of the bank which it wants to separate into three different parts...
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  Mentions: Conference Management Hedge Fund
17. P&G Apparently Beat Peltz by a Sliver
  
  Explore 4-traders : one website, all markets Oct 17 2017 BoardNews
  
  Expensive proxy fight is now headed to a weekslong recount to determine outcome By David Benoit and Sharon Terlep This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 17, 2017)...
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  Mentions: Management Delaware Proxy Fight
18. Microsoft Adding Marriott CEO, Former Commerce Secretary to Board
  
  Explore CNBC.com Oct 16 2017 BoardNews
  
  Microsoft on Monday revealed its newest board nominees: Marriott CEO Arne Sorenson and former U.S. Commerce Secretary Penny Pritzker...
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  Mentions: CEO CFO Microsoft
19. Light Backing From State Street Weighs on U.S. Diversity Drives
  
  Explore reuters.com Oct 16 2017 BoardNews
  
  BOSTON (Reuters) - State Street Corp has drawn praise for its efforts to put more women on corporate boards, notably the “Fearless Girl” statue it placed near Wall Street. But new records show the company did not throw its full weigh behind boardroom diversity initiatives this year - complicating activists’ plans for 2018...
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  Mentions: Diversity Management Apple
20. With an Activist Hovering, Embattled Ruby Tuesday Sells to NRD for $335 Million
  
  Explore Stock Market Today Oct 16 2017 BoardNews
  
  Under pressure from Engaged Capital's Glenn Welling, Ruby Tuesday Inc. (RT) on Monday agreed to sell itself to private equity firm NRD Capital for about $335 million. Under the terms of the deal, NRD agreed to buy Ruby Tuesday's stock for $2.40 a share in cash or $335 million, excluding transaction expenses. The purchase price is about 37% over Ruby Tuesday's closing price on March 13, the day before the restaurant chain announced it was evaluating strategic alternatives...
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  Mentions: Investment REIT Engaged Capital
21. Bruce Berkowitz to Leave Sears' Board of Directors
  
  Explore CNBC.com Oct 16 2017 BoardNews
  
  Bruce Berkowitz is leaving Sears Holdings' board of directors, effective Oct. 31...
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  Mentions: Management Sears Bruce Berkowitz
22. Ericsson Ownership Swings Back to Investor
  
  Explore Mobile World Live Oct 16 2017 BoardNews
  
  Sweden-based investment company Investor AB regained its position as Ericsson’s largest shareholder, overtaking Cevian Capital during the third quarter. Reuters reported Investor raised its stake in the troubled Swedish vendor to 6.6 per cent, from 5.9 per cent, after buying up shares worth SEK1 billion ($123 million.)...
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  Mentions: Investment CEO
23. Nestle: Another Win For The Activists?
  
  Explore Stock Market News & Financial Analysis Oct 15 2017 BoardNews
  
  In June, Daniel Loeb of Third Point acquired Nestle’s 40 million shares. So far, all but one request of Daniel Loeb, which were described in his letter, were accepted by Nestle. While not all demands are met yet, the ordinary shareholders are the ones that will continue to benefit from the influence of Third Point on their company...
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  Mentions: Activist Investors CEO compensation
24. Thirteen Years in, Facebook Says it will Appoint its First Black Board Member
  
  Explore Huffington Post Oct 15 2017 BoardNews
  
  Facebook has committed to appointing a black person to its board of directors, signaling they are making moves to increase diversity within the company.
  
  The news came out of a meeting between Facebook Chief Operating Officer Sheryl Sandberg and lawmakers in Washington D.C. Thursday, reportedly after members of the ...
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  Mentions: Diversity Facebook Shareholders
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