1. Articles in category: BoardNews

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    1. BT Acts on Excessive Chief Executive Pay Following Massive Revolt

      BT Acts on Excessive Chief Executive Pay Following Massive Revolt

      BT is to overhaul the way it sets executive pay after the telecoms giant suffered a revolt over outgoing boss Gavin Patterson’s bumper £2.3 million remuneration. The firm said that, following a rebellion in which 34% of investors rejected its remuneration report in July, it spent time engaging with shareholders...

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    2. Costco Wholesale: CEO Craig Jelinek's Fiscal 2018 Total Compensation $7.4 Million

      Costco Wholesale: CEO Craig Jelinek's Fiscal 2018 Total Compensation $7.4 Million

      Costco Wholesale Corp. (COST) Chief Executive Craig Jelinek's fiscal 2018 total compensation was valued at $7.4 million, up from $6.6 million in 2017, mostly consisting of stock awards in both periods. Mr. Jelinek's base salary rose to $800,000 from $713,462, Costco said in a securities filing. Fiscal 2017 included an additional week...

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    3. Breaking News: CBS Says Former CEO Les Moonves Will Not Receive Severance Pay After Sexual Misconduct Probe

      Breaking News:  CBS Says Former CEO Les Moonves Will Not Receive Severance Pay After Sexual Misconduct Probe

      Former CBS CEO Les Moonves will not receive severance pay following a sexual misconduct probe, the company's board of directors announced Monday evening.

      "With regard to Mr. Moonves, we have determined that there are grounds to terminate for cause, including his willful and material misfeasance, violation of Company policies and breach of his employment contract, as well as his willful failure to cooperate fully with the Company's investigation," the board said in a statement...

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    4. Hitachi to Announce Purchase of ABB's Power Grid Business Monday

      Hitachi to Announce Purchase of ABB's Power Grid Business Monday

      TOKYO/ZURICH (Reuters) - ABB will sell a majority stake in its Power Grids division to Japan's Hitachi and return the proceeds to shareholders, bowing to pressure from an activist investor to sell the business that makes transformers and converters. The acquisition, which values the unit at $11 billion (8.7 billion pounds), will see Hitachi become one of the largest players in the power grid industry...

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    5. Vivendi Calls for the Replacement of Five of Telecom Italia's Board Members

      Vivendi Calls for the Replacement of Five of Telecom Italia's Board Members

      PARIS/MILAN (Reuters) - French media giant Vivendi called on Friday for the replacement of five of Telecom Italia's board members put forward by U.S. activist fund Elliott, citing a "substantial lack of independence". The move is the latest twist in a months-long battle between Vivendi, which holds a stake of around 24 percent in Telecom Italia (TIM), and Elliott over how to revive Italy's biggest phone group, an underperforming business saddled with 25 billion euros (£22.48 billion) of debt...

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    6. Top Mears Group Investor Wants Chair Appointed Swiftly

      Top Mears Group Investor Wants Chair Appointed Swiftly

      LONDON (Reuters) - Activist investor Shareholder Value Management has called on Mears Group to move swiftly to appoint a new chairman or it will call a fresh extraordinary general meeting, a letter to the company seen by Reuters showed. The move is the latest in a long-running attempt by the German-based fund, Mears Group's third-biggest investor, to push through a board change at the social housing maintenance and repair services provider...

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    7. Activist Investor Pushing for New Board of Directors at Hudbay Minerals

      Activist Investor Pushing for New Board of Directors at Hudbay Minerals

      TORONTO - An activist investor in Hudbay Minerals Inc. ( HBM.TO ) says it will push for a new slate of directors at the company's next annual meeting after accusing the board of mismanagement. Waterton Global Resource Management Inc. said it is advocating for change at the mining company to address “massive value destruction and chronic underperformance.” The investment fund, holding about 10 per cent of Hudbay shares, said it pushed for dialogue with the company in October on potential changes to the board but was disappointed with the response. Waterton has also pushed to halt Hudbay's plans, announced at ...

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    8. Breaking News: Renault Keeps Carlos Ghosn at Wheel After Probe Finds No Pay Wrongdoing

      Breaking News:  Renault Keeps Carlos Ghosn at Wheel After Probe Finds No Pay Wrongdoing

      A Renault SA probe found that jailed Chief Executive Officer Carlos Ghosn’s compensation at the French carmaker complied with French law, sending another signal of the division with its alliance partner Nissan Motors Co. A preliminary review of the years between 2015 and 2018 found nothing amiss on pay to the executive, who was indicted in Japan for understating his income, Renault said in a statement Thursday...

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    9. Detour Gold: CEO Steps Down After Shareholders Side With Paulson in Proxy Vote

      Detour Gold: CEO Steps Down After Shareholders Side With Paulson in Proxy Vote

      TORONTO — Detour Gold Corp. says interim CEO Michael Kenyon has resigned following a vote that saw shareholders side with activist investor Paulson & Co. Inc. in a extended proxy battle. The vote saw five Paulson-nominated directors approved, including two who had also been endorsed by Detour, as well as four others from the slate put forth by Detour...

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    10. Board Pay Reaches a Quarter Million Dollars

      Board Pay Reaches a Quarter Million Dollars

      For the fifth consecutive year, the median annual retainer given to directors increased, topping out at $250,000 in 2017, according to the new Equilar Director Pay Trends report, which features independent commentary from Meridian Compensation Partners.

      From 2013 to 2017—the five years included in the study—median annual retainers increased by $35,000, or 16.3%....

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    11. Filing of a Securities Class Action on Behalf of Nissan Motor Co., Ltd. Investors (NSANY)

      Filing of a Securities Class Action on Behalf of Nissan Motor Co., Ltd. Investors (NSANY)

      LOS ANGELES- Glancy Prongay & Murray LLP (“GPM”), a global investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired Nissan Motor Co., Ltd. (“Nissan” or the “Company”) (OTC: NSANY ) securities between December 10, 2013 and November 16, 2018 , inclusive (the “Class Period”). Nissan investors have until February 8, 2019 to file a lead plaintiff motion...

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    12. A Wall Street Shop That Called Facebook and Snap's Troubles is Out with its 2019 Predictions

      A Wall Street Shop That Called Facebook and Snap's Troubles is Out with its 2019 Predictions
      • Pivotal Research Group, a small research firm that called troubles for Facebook and Snap early on, just released its media, internet, and communications predictions for the coming year.
      • Among the analysts' forecasts are "material" management changes at Facebook and "another ugly year" for satellite television...
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    13. Credit Suisse Ends Restructuring with Plan for up to $3 Billion Share Buyback

      Credit Suisse Ends Restructuring with Plan for up to $3 Billion Share Buyback

      ZURICH (Reuters) - Credit Suisse plans to buy back 2 to 3 billion Swiss francs ($2-3 billion) of shares over the next two years and raise its dividend, voicing confidence that its strategy is working after a painful three-year restructuring. Switzerland's second-biggest bank confirmed commitments to distribute half of net profit to shareholders, mainly through buybacks or special dividends, offering a sweetener to investors who have had to stomach hefty share price declines during Chief Executive Tidjane Thiam's three-and-a-half-year tenure. By focusing on managing assets for the world's wealthy, particularly the very richest and entrepreneurs in Asia, Credit ...

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    14. Australia: Shareholders are Hell-Bent on Punishing and it's Making Boards Nervous

      Australia:  Shareholders are Hell-Bent on Punishing and it's Making Boards Nervous

      Company boards are nervous. Four years ago it was rare to see much support for a shareholder strike vote about executive pay. Fast forward to today, shareholders have developed a real taste for it. Shareholders delivering strikes vote against remuneration reports have morphed into a broader protest vote aimed at anything from poor financial performance and a sagging share price to behavioural and social issues...

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    15. Elliott Says it Takes Position in Pernod Ricard

      Elliott Says it Takes Position in Pernod Ricard

      Elliott Management Corp. said Wednesday that it holds an interest of more than 2.5% in Pernod Ricard SA (RI.FR) and is recommending changes to generate value for stakeholders. The U.S. activist fund said there is significant potential for improving the French company, and recommends launching a "more ambitious operational-improvement plan" that will help Pernod catch up to peers in profitability, along with making changes to its corporate governance...

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    1-24 of 8884 1 2 3 4 ... 369 370 371 »
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