1. Articles in category: BoardNews

    25-48 of 8148 « 1 2 3 4 5 ... 338 339 340 »
    1. BlackBerry CEO John Chen in Line for Huge Pay Package

      BlackBerry CEO John Chen in Line for Huge Pay Package

      When we told you in March of CEO John Chen’s lucrative contract extension at BlackBerry Ltd. − stock awards designed to be worth more than US$300-million − we also knew Mr. Chen was in line for a cash bonus, amount to be named later. Shareholders scouring the company’s proxy statement now know the number: Mr. Chen is in line for a possible US$90-million award, on top of the shares BlackBerry granted him...

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      Mentions: CEO ISS NYSE
    2. Perry Ellis Agrees to Go Private After Bid From Former Executive Chairman

      Perry Ellis Agrees to Go Private After Bid From Former Executive Chairman

      Perry Ellis International Inc. PERY 0.87% agreed to go private in a deal valued at $437 million, four months after George Feldenkreis, the founder and former executive chairman, made a bid for the apparel company. A newly formed entity controlled by Mr. Feldenkreis will acquire the Perry Ellis shares for $27.50 each. The offer represents a premium of 21.6% to the company’s share price Feb. 5, the last day before the proposal from Mr. Feldenkreis...

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    3. McKesson Reduces CEO's Pay 10% Following Revolt by Investors

      McKesson Reduces CEO's Pay 10% Following Revolt by Investors

      (Bloomberg) -- McKesson Corp. cut Chief Executive Officer John Hammergren’s pay by about 10 percent following a shareholder revolt spurred by claims about the health-care firm’s alleged role in the nation’s opioid crisis. The International Brotherhood of Teamsters led a vote-no campaign in 2017 against the firm’s executive pay plan after accusing the drug distributor of aggravating the opioid epidemic...

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      Mentions: Investors CEO crisis
    4. Elon Musk Bought $25 Million Worth of Tesla Stock, Just a Day After Laying Off 9% of Tesla Employees

      Elon Musk Bought $25 Million Worth of Tesla Stock, Just a Day After Laying Off 9% of Tesla Employees

       

      • Elon Musk bought about $25 million worth of Tesla stock this week.
      • His purchases come after Musk announced to Tesla employees that the company was cutting 9% of its workforce.
      • It could be a signal to employees and Wall Street that he's still optimistic about the future of Tesla.

      Tesla Motors CEO Elon Musk has personally purchased about $25 million worth of stock in his own company, according to a filing with the SEC on Wednesday.

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      Mentions: CEO SEC Tesla
    5. HBC Faces Shareholder Blowback Over Exec Pay

      HBC Faces Shareholder Blowback Over Exec Pay

      TORONTO -- Hudson's Bay Company faced a fight from some of its most prominent investors Tuesday over its decision to award executives with multi-million-dollar pay packages despite two years of weak sales and sizable losses for the retailer. The Ontario Teachers' Pension Plan, British Columbia Investment Management Corp. and the California Public Employees' Retirement System (CalPERS) said they voted against the company's remuneration practices that include a $54.8 million pay package for the retailer's executive chairman Richard Baker. The "say on pay" vote -- a non-binding motion that is growing in popularity at Canadian companies and aimed at ...

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    6. Elliott Management Pushes for Overhaul of Sempra Energy

      Elliott Management Pushes for Overhaul of Sempra Energy

      REUTERS Less than one year after nudging Sempra Energy into its largest acquisition ever , activist investor Paul Singer is urging the San Diego-based company to burn some fat. Singer’s Elliott Management, working alongside energy investment firm Blue­scape Resources, is pushing Sempra to replace six members of its 14-person board, according to a presentation the two released Monday...

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    7. Activist Clearwater Capital Pushes for Strategic Review at AutoCanada

      Activist Clearwater Capital Pushes for Strategic Review at AutoCanada

      TORONTO - An activist investor wants AutoCanada Inc. to launch a strategic review to explore options for the auto dealership group including a possible sale. In an open letter to the chairman of AutoCanada, Clearwater Capital Management president Roland Keiper raised concerns about how the company has been performing and suggested AutoCanada may be an attractive acquisition target...

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    8. U.K. Firms Must Justify Executive Pay Gaps Under Government Plan

      U.K. Firms Must Justify Executive Pay Gaps Under Government Plan

      (Bloomberg) -- Large companies listed in the U.K. will have to explain the pay gap between bosses and employees under government plans to be submitted to Parliament on Monday. Firms with more than 250 staff on their books will have to publish and justify the difference in pay between chief executives and workers and will have to detail how directors are acting in the interests of both employees and shareholders, the Department for Business, Energy and Industrial Strategy said...

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    25-48 of 8148 « 1 2 3 4 5 ... 338 339 340 »
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