Shortly after Elon Musk officially bought Twitter on Oct. 27 for $44 billion, the Tesla (TSLA) - Get Free Report CEO took the company private and began cutting staff...
Independent Franchise Partners, a London-based investment firm and one of the largest non-Murdoch holders of both News Corp and Fox, said it told a special committee of News Corp’s board last month that it thought a combination on its own would fail to realize the full value of the company. It believes any combination should be done in conjunction with the sale of some of News Corp’s most valuable business units...
Walt Disney shocked investors twice in the past two weeks. On Nov. 8, the company announced a substantial loss in its underperforming streaming service. And on Nov. 20, the company announced CEO Bob Chapek had been replaced by former CEO, Bob Iger, who would be returning to the role less than three years after Chapek had taken over...
Shares in the entertainment giant climbed more than 9 percent in premarket trading on Monday following the ouster of chief executive officer Bob Chapek...
Activist fund Cevian has cut its stake in Thyssenkrupp (TKAG.DE) to less than 1%, it said on Tuesday, effectively ending its loss-making engagement with the German industrial group after years of restructuring that failed to boost its share price...
Bob Chapek leaves Walt Disney Co.’s top job with exit payments and benefits that could be worth more than $23 million. That’s without including the millions more he could collect in the coming years if the company’s share price recovers...
On a video call in early November, employees at Alameda Research dialed in to learn the fate of the trading firm, which was teetering on the brink. It was up to Caroline Ellison to deliver the bad news. Alameda was at the center of Sam Bankman-Fried‘s collapsing FTX empire. Ms. Ellison, who had just turned 28, was at the center of Alameda. And they were all in crisis...
Former Disney CEO Bob Iger is back in charge at Disney, replacing Bob Chapek after two years...
SAN JOSE, Calif. — Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, was sentenced to more than 11 years in prison on Friday for defrauding investors about her company’s technology and business dealings...
Seven years after an explosive investigation recast Elizabeth Holmes from the eager young entrepreneur with a skyrocketing fortune to the possible fraudster who had misled the masses about her blood-testing start-up, the former Theranos CEO will face a judge who holds her fate in his hands...
FTX didn't have a board, but Sam Bankman-Fried was still able to raise $1.9 billion...
More than two-thirds of Fortune companies do not have a Latino director on their board, according to a new report, Latino Representation on Fortune 1000 Boards, 2022 edition, by the Latino Corporate Directors Association (LCDA) and KPMG, LLP...
John J. Ray III, a Chicago-based lawyer and new CEO of now-bankrupt crypto exchange FTX, has criticized the lack of “appropriate corporate governance” across many FTX Group companies under Sam Bankman-Fried, the founder and former CEO of FTX...
Elon Musk testified on Wednesday that he was not involved in the discussions among Tesla board members about a 2018 pay package that granted him billions of dollars in stock options, helping to make him the world’s richest person...
The Securities and Exchange Commission ramped up its enforcement efforts in the last fiscal year, as the markets regulator focused its sights on prosecuting high-profile cases and imposing steep penalties for misconduct under the leadership of Chair Gary Gensler...
A major investor in Envestnet is blasting the advisor technology company’s lackluster financial performance and threatening to nominate an alternative slate of board members if Envestnet won’t grant it a spot on the board...
esla CEO Elon Musk took the witness stand Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than $55 billion...
An activist investor with a large stake in Envestnet Inc. plans to ask for board seats to push the financial technology company to improve its stock price by cutting costs and overhauling pay, two people familiar with the matter said...
London-based TCI, which said it owned Alphabet shares worth more than $6 billion, made the requests in a letter to Chief Executive Sundar Pichai on Tuesday, writing that it has been a significant shareholder since 2017...
Capital Returns Management, LLC (together with its affiliates, "Capital Returns," "we" or "us"), one of the largest shareholders among actively managed funds of Argo Group International Holdings, Ltd. ("Argo" or the "Company") (NYSE: ARGO), today released a presentation highlighting the compelling reasons that shareholders should vote to change the composition of Argo's Board of Directors...
In its letter, Impactive details Envestnet’s well-below market returns over multiple time periods relative to the S&P 500, S&P 400 and its closest peers, significant margin gap versus its closest peers, and egregious spending with seemingly no accountability for returns. Impactive highlights that despite the Board delivering significantly sub-market returns and collectively owning less than 1% of the Company, the Board has nonetheless increased management’s compensation over the past five years...
Walmart Inc. has agreed to pay $3.1 billion to settle opioid-crisis lawsuits brought by several U.S. states and municipalities, adding to a landmark settlement with rival pharmacy chains...
A Tesla shareholder is asking Delaware’s business-law court to rescind Mr. Musk’s CEO pay package, which was approved in 2018 and is valued at around $52 billion at recent share prices. The plaintiff has alleged that Tesla’s board at the time failed to disclose key information about the deal and how it came together...