BOSTON, April 26 (Reuters) - A union of Caesars Entertainment Corp employees on Thursday asked its board to remove several private equity representatives from the compensation committee, citing high pay for top executives as Caesars’ operating unit emerged from bankruptcy...
MONTREAL — A battle is brewing at DavidsTea after the company's board of directors fought back against a co-founder's attempt to replace them with a dissident slate of nominees. The Montreal-based company said Thursday that Herschel Segal is trying to gain control of the board without paying a ...
Pressure is mounting on the AMP board as investors are lining up against the re-election of directors and the company’s proposed executive pay package at the annual general meeting next month. The Australian Shareholders’ Association is the latest to announce it plans to wield votes against the company at its May 10 meeting in the wake of damning evidence at the Hayne royal commission...
In the struggle to achieve representative boards, some companies are pulling ahead. For years, the tech industry has grappled with issues surrounding diversity and inclusion. And while there are still improvements to be made, a slew of companies — ranging from Stitch Fix to Slack — are welcoming more women and people of color into their board rooms...
DUBLIN (Reuters) - Most of Allied Irish Banks’ (AIB) ( AIBG.I ) institutional shareholders backed a proposal to introduce a deferred share plan for senior executives that the government used its majority shareholding to block last week. Chief Executive Officer of Allied Irish Bank Bernard Byrne looks on at the Allied Irish Bank Annual General Meeting in Dublin, Ireland April 27, 2017...
Legendary investor Bill Ackman made an incredibly risky move when he bet that nutrition giant Herbalife would be shut down by the government, CNBC's Scott Wapner said on Wednesday. Ackman had bet that he would make $1 billion in his short against the nutrition-selling company, accusing it of being a pyramid scheme. "It was a binary bet and it's dangerous. He was betting that the government was going to intervene and shut Herbalife down," Wapner told " Mad Money " host Jim Cramer...
London-based activist investor Chris Hohn has built a roughly $3 billion stake in 21st Century Fox Inc., a position that makes him one of the largest holders of a media company at the center of a global takeover battle, according to people familiar with the matter. The investment places Mr. Hohn’s firm, TCI Fund Management, among Fox’s six largest shareholders, with more than 4% of the company’s shares. Mr....
The Labor Department's new guidance said that managers should only engage with companies about corporate governance , or environmental and human capital risks when it's likely that those issues will enhance the economic value of their investment. "This indicates the need for a well-developed ...
NEW YORK (Reuters) - United Airlines’ ( UAL.N ) chief executive decided to do without his 2017 annual bonus and the carrier’s board chairman will step down, United said in a regulatory filing on Monday, amid ongoing fallout surrounding its customer-service failures...
CHICAGO (Reuters) - Citigroup Inc Chairman Mike O'Neill said on Tuesday all options were being considered to find a successor before he steps down in the next 12 months, after reaching the retirement age of 72. CHICAGO (Reuters) - Citigroup Inc Chairman Mike O'Neill said on Tuesday all options were being considered to find a successor before he steps down in the next 12 months, after reaching the retirement age of 72...
Wells Fargo & Co. ’s leaders deserve fatter paychecks after a tough year, according to investors...
Wells Fargo's annual meeting is on Tuesday in Des Moines, Iowa, 1,800 miles away from company headquarters, where top executives have been scrambling for nearly two years to contain the damage from a sales practices scandal...
Investors who want to make sure executives deserve the big pay they got in last year’s bull market are set to descend on annual meetings in coming weeks to vote on compensation and elect directors. They’re also set to agitate for strategic moves and ensure companies have a handle on climate change, diversity and cybersecurity...
WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co’s ( WFC.N ) disclosure of how its chief executive’s pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank’s annual shareholder meeting....
Netflix CEO Reed Hastings saw his pay rise five percent to $24.4 million in 2017, the company disclosed in a regulatory filing on Monday. Netflix’s chief creative officer, Ted Sarandos, also saw his total compensation package rise 18.5 percent from $18.9 million in 2016 to $22.4 million last year. Netflix’s executive pay increases came amid a period of great growth for the company...
CINCINNATI -- The E.W. Scripps Co. expects to spend $3 million on a proxy contest in which activist investor Mario Gabelli is trying to claim three board seats...
As part of the agreement, the Board of Directors has appointed two new independent directors, Gerardo I. Lopez and Robert A. Steele, effective immediately. Additionally, the company intends to nominate Bridget Ryan Berman from Starboard's slate, who has been mutually-agreed upon by Starboard ...
(Reuters) - Activist investor Elliott Management Corp on Monday proposed the addition of three independent members to the board of Hyundai Motor Group in a document laying out its agenda after taking a more than $1 billion stake in the carmaker...
The group has an online petition demanding that Wells Fargo fire its board of directors and CEO Tim Sloan, pay restitution to customers affected by the bank's scandals, and not interfere with employees' efforts to unionize. CCI is also critical of Wells Fargo for its refusal to sever ties with the National Rifle ...
NEW YORK--(BUSINESS WIRE)--Nathan G. Miller and Peter O'Malley (the “Investors”), collective holders of 8.7% of the outstanding common stock of Destination Maternity Corporation (Nasdaq: DEST) (“Destination Maternity” or the “Company”), announced the filing of a preliminary proxy statement with ...
The ex-wife of Steve Wynn, who is also the biggest shareholder and co-founder of Wynn Resorts, is seeking to remove one of the company directors overseeing an internal investigation into sexual misconduct allegations against the casino magnate...
The median Walmart worker’s salary was $19,177 — 0.015% of the CEO’s salary. The ratio to McMillon’s total compensation was 1,888 to 1. Under a 2015 rule mandated by the Dodd-Frank Act, companies are now required to report their CEO pay in comparison to the median worker...
April 20, 2018 - The Board of Directors of McKesson today released its response to a request from the International Brotherhood of Teamsters, a McKesson stockholder, that the Board perform an investigation into senior management's and the Board's oversight of McKesson's compliance with its legal and regulatory obligations relating to the distribution of opioids. An independent investigation was performed by a Special Review Committee (SRC) of the Board composed of ...