1. Articles in category: BoardNews

    1-24 of 10435 1 2 3 4 ... 433 434 435 »
    1. Former Hertz CEO Agrees to Settle Claims Tied to Accounting Misconduct

      Former Hertz CEO Agrees to Settle Claims Tied to Accounting Misconduct

      The former chief executive of Hertz Global Holdings Inc. agreed to pay nearly $2.2 million to settle claims that he pressured subordinates to “find money” to meet financial targets, causing employees to violate accounting rules, according to regulators. Mark Frissora neither admitted nor denied the Securities and Exchange Commission’s allegations but will refund Hertz nearly $2 million in incentive compensation and pay a $200,000 penalty to the government...

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    2. Carl Icahn has Officially Ditched NYC for Florida

      Carl Icahn has Officially Ditched NYC for Florida

      Carl Icahn has officially moved left New York City for Sunny Isles Beach in Florida. The billionaire activist investor has entered into a lease for a 23,463-square-foot office in the new Milton Tower, becoming its first tenant. He now occupies about one-fifth of the building, including both the penthouse and the 12th floor, Milton Tower announced this week. The Post first reported on Icahn’s plans to ditch his big city digs at 767 Fifth Ave. for sunny Florida last September...

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      Mentions: Sears Square retire
    3. EA Executives Blocked From Receiving "Exorbitant" Awards

      EA Executives Blocked From Receiving "Exorbitant" Awards

      Earlier this week, investors shot down EA’s proposed payment plans for their executives. It’s not like EA has had a bad year — far from it, in fact. The coronavirus has been good to most listed gaming companies and EA in particular. Their stock is trading at $US143.99 at the time of writing, a sizeable jump from the $US91.77 a share this time last year...

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    4. Two Companies Backed by Warren Buffett Strike Deals Worth a Combined $8.6 Billion

      Two Companies Backed by Warren Buffett Strike Deals Worth a Combined $8.6 Billion
      • Two companies that count Warren Buffett as a shareholder announced acquisitions this week.
      • Liberty Global has agreed to buy Swiss telecoms rival Sunrise Communications for $7.5 billion in cash, while Brazilian payments group StoneCo is set to acquire software group Linx for $1.1 billion in cash and stock.
      • Assuming Buffett's Berkshire Hathaway hasn't altered its stakes in the two companies, they are currently worth a combined $1.3 billion...
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    5. Carl Icahn Sold Approximately 14.7 Million Shares in Herbalife Nutrition's (HLF) Self-Tender Offer

      Carl Icahn Sold Approximately 14.7 Million Shares in Herbalife Nutrition's (HLF) Self-Tender Offer

      Yesterday, Icahn Enterprises L.P. (Nasdaq: IEP) sold approximately 14.7 million shares pursuant to Herbalife Nutrition’s self-tender offer. We remain the Company’s largest shareholder with approximately 20.5 million shares, representing approximately 15.5% of the outstanding shares, and we continue to strongly believe in the great future of the Company...

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    6. McDonald’s Board Faces New Scrutiny of Investigation Into Former CEO

      McDonald’s Board Faces New Scrutiny of Investigation Into Former CEO

      McDonald’s Corp.’s board is coming under scrutiny from some investors and corporate-governance groups for failing to fully uncover the extent of former Chief Executive Officer Steve Easterbrook’s inappropriate relationships with employees when concerns first emerged last year. The fast-food giant Monday sued Mr. Easterbrook, accusing him of lying to investigators to cover up relationships with employees to protect his multimillion-dollar severance package. The suit, a rare airing of corporate dirty laundry, follows the board’s...

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    7. Marotta Steps Down as Berkshire CEO

      Marotta Steps Down as Berkshire CEO

      Richard Marotta has stepped down from his position as president and CEO of Berkshire Bank to “pursue new opportunities,” according to a statement released Monday by Berkshire Bank. The bank’s board of directors has named Senior Executive Vice President and chief operating officer Sean Gray as acting president and CEO for the bank’s holding company, Berkshire Hills Bancorp...

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    8. CoreLogic Board of Directors Calls Special Meeting of Shareholders

      CoreLogic Board of Directors Calls Special Meeting of Shareholders

      CoreLogic® (NYSE: CLGX), a leading global property data and analytics-driven solutions provider, today announced that its Board of Directors has called a Special Meeting of Shareholders on November 17, 2020. The purpose of the Special Meeting is to consider and vote on the replacement of up to nine CoreLogic Directors with nominees identified by Senator Investment Group LP and Cannae Holdings Inc...

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      Mentions: Investment NYSE Board
    9. Electronic Arts Investors Reject Executive Pay in Rare Rebuke

      Electronic Arts Investors Reject Executive Pay in Rare Rebuke

      Electronic Arts Inc. shareholders overwhelmingly rejected the company’s executive compensation plan in an advisory vote. Investors in the video-game giant, maker of the Madden football games, cast almost 171 million votes against the pay plan for named officers and almost 60 million in favor, the company said Friday in a regulatory filing...

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    10. Many of Massachusetts’s Biggest Companies Do Not Have a Single Black Board Member

      Many of Massachusetts’s Biggest Companies Do Not Have a Single Black Board Member

      Change in Corporate America often begins in the board room, and by that measure, the biggest public companies in Massachusetts have a long way to go when it comes to appointing Black directors. Of the 100 largest public companies in the Commonwealth, close to two-thirds do not have a single Black board member, according to analysis by BoardProspects, an online platform that specializes in corporate director and advisory board searches...

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    11. Majesco: Enters Into Amended Agreement To Be Acquired by Thoma Bravo

      Majesco: Enters Into Amended Agreement To Be Acquired by Thoma Bravo

      Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that it has signed an amended definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $729 million. Following the closing of the transaction, Majesco will operate as a privately held company...

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    12. Japan Kept Singapore-Based Activist Investor in Limbo Over Key Toshiba Vote

      Japan Kept Singapore-Based Activist Investor in Limbo Over Key Toshiba Vote

      The government gave Effissimo a green light to vote on July 30, just a day before the meeting, the two government sources said, speaking on condition of anonymity because the information is not public. The Ministry of Economy, Trade and Industry (METI) delayed its approval, one of the government sources told Reuters...

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    13. Three Top WarnerMedia Execs Are Exiting the Company Amid a Major Shakeup Under New CEO Jason Kilar

      Three Top WarnerMedia Execs Are Exiting the Company Amid a Major Shakeup Under New CEO Jason Kilar
      • New WarnerMedia CEO Jason Kilar is shaking up the company's leadership ranks in a major reorganization that will see three top execs depart the company.
      • The key departures include Bob Greenblatt, chairman of WarnerMedia Entertainment and Direct-to-Consumer; Kevin Reilly, HBO Max's content chief and president of TNT, TBS, and TruTV; and Keith Cocozza, executive vice president, corporate marketing and communications...
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