1. Articles in category: BoardNews

    73-96 of 7514 « 1 2 3 4 5 6 7 ... 311 312 313 »
    1. Wells Fargo Forms Stakeholder Advisory Council, Names CalSTRS' Anne Sheehan to Group

      Wells Fargo Forms Stakeholder Advisory Council, Names CalSTRS' Anne Sheehan to Group

      Wells Fargo has launched a stakeholder advisory council to enhance its understanding of issues relevant to stakeholders and the company, and has named Anne Sheehan, director of corporate governance at the $219.6 California State Teachers' Retirement System, West Sacramento, among the ...

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    2. HPE Chief Executive Officer Meg Whitman to Step Down from DXC Technology Board of Directors

      HPE Chief Executive Officer Meg Whitman to Step Down from DXC Technology Board of Directors

      Whitman's departure from the board is effective immediately. A new board member is expected to be named early in the new year. Pursuant to the merger agreement with HPE, HPE is entitled to select a replacement director reasonably satisfactory to the DXC Nominating Committee to fill the vacancy ...

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    3. Former Shell Executives Charged in $1.1 Billion Case — the Biggest Corporate Bribery Trial in History

      Former Shell Executives Charged in $1.1 Billion Case — the Biggest Corporate Bribery Trial in History
      • Top former executives from oil giants Shell and Eni are to stand trial for an alleged $1.1 billion bribery scheme, an Italian court ruled on Wednesday.
      • This is the biggest corporate bribery trial in history, and relates to alleged corruption in a deal done over a Nigerian oil block.
      • The trial is due to begin in March. Shell and Eni denied any wrongdoing...
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    4. Delaware Supreme Court Increases Risk For Boards In Making Discretionary Director Compensation Awards

      Delaware Supreme Court Increases Risk For Boards In Making Discretionary Director Compensation Awards

      On December 13, 2017, the Delaware Supreme Court issued a decision in In re Investors Bancorp, Inc. Stockholder Litigation, holding that director compensation awards made pursuant to an equity compensation plan that permits a board of directors discretion in making such awards will not be reviewed under the business judgment rule, which treats them as presumptively valid. Rather, such discretionary awards will be subject to review under the entire fairness standard, which places the burden of proof on the directors to show that the award process and amounts were objectively fair to the corporation and its stockholders...

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    5. Kinderd Healthcare is Being Bought by Humana and 2 Private Equity Firms for $4.1 Billion

      Kinderd Healthcare is Being Bought by Humana and 2 Private Equity Firms for $4.1 Billion

      Kindred Healthcare is being bought by Humana and two private equity firms for $4.1 billion.

      • The deal represents a 4.7% premium over Friday's closing price.

      (Reuters) - Kindred Healthcare Inc said on Tuesday it will be bought by health insurer Humana Inc and two private equity firms in a deal valued at $4.1 billion...

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      Mentions: acquisition Humana
    6. Activist Investor Files Chevron Proxy Resolution on Myanmar Rights Concerns

      Activist Investor Files Chevron Proxy Resolution on Myanmar Rights Concerns

      HOUSTON (Reuters) - An activist investor in Chevron Corp said on Monday it filed a shareholder resolution that would require the oil producer to report on the feasibility of ending operations in Myanmar, where a crackdown on minority Rohingya Muslims has been decried by the United States as “ethnic cleansing.” The resolution, filed last week by Islamic finance firm Azzad Asset Management, pushes Chevron’s board of directors to consider how it could avoid risks “posed ...

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    7. Silver Lake files 13D on Cornerstone OnDemand (CSOD); Has Right to Appoint 2 Directors

      Silver Lake files 13D on Cornerstone OnDemand (CSOD); Has Right to Appoint 2 Directors

      Sliver Lake disclosed that pursuant to the Investment Agreement, it has the right to nominate two directors to the board of directors . Joseph Osnoss, Managing Director at SLG, was appointed to serve as a Class III member of the board of directors of the Issuer in connection with the closing of the ...

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    8. Ruby Tuesday Board of Directors Rejects Highly-Conditional and Not Fully-Financed Acquisition

      Ruby Tuesday Board of Directors Rejects Highly-Conditional and Not Fully-Financed Acquisition

      The Board of Directors thoroughly evaluated Boaz's most recent proposal, including seeking clarifications from Boaz on the proposal, and unanimously determined that the proposal did not constitute and would not reasonably be expected to lead to a superior proposal as compared to the acquisition by ...

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    9. Nestle Sells Off Tea Brands in North America

      Nestle Sells Off Tea Brands in North America

      (Reuters) - Nestle has sold its sold two of its tea brands in North America as the world's biggest food maker presses ahead with reshaping its business to focus on new consumer trends and healthcare. Private equity firm Fireman Capital Partners said on Monday it has linked up with Dunn's River Brands to buy the Sweet Leaf Tea and Tradewinds businesses from Nestle North America...

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      Mentions: Nestle
    10. Hunter Harrison’s Death Leaves CSX’s Transformation in Question

      Hunter Harrison’s Death Leaves CSX’s Transformation in Question

      With CEO Hunter Harrison’s death on Saturday , CSX Corp. lost the counsel of a railroading legend who added almost $17 billion in value in less than a year. Now, acting chief executive officer Jim Foote will have to prove to investors that Harrison’s rapid transformation of CSX was deep enough to deliver lasting efficiency and profit...

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    11. The World's Largest Oil and Gas Companies are Getting Greener After Fighting with Shareholders for Months

      The World's Largest Oil and Gas Companies are Getting Greener After Fighting with Shareholders for Months
      • Exxon, Shell, and BP have announced initiatives to report the risks climate change pose to their business, bowing to shareholder pressure.
      • The oil-and-gas giants have also rolled out investments in renewable energy, though skeptics point out the investments are tiny compared to the companies' overall revenue.
      • However, it marks a critical shift for the fossils fuels industry, and shareholders and consumers alike are demanding change...
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    12. Sears is Teetering on the Edge of Bankruptcy and Kmart Could be its First Casualty

      Sears is Teetering on the Edge of Bankruptcy and Kmart Could be its First Casualty
      • Sears' sales are down 45% since early 2013, its debt load has spiked to over $4 billion, and the company is losing well over $1 billion annually.
      • To meet its obligations, Sears has been selling off valuable brands and properties.
      • Now its pool of assets is dwindling, increasing the risk of a bankruptcy, analysts say.
      • Kmart, in particular, is at risk of shutting down, as it loses market share fast....
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    13. Elliott Takes 6.5 Percent Stake in Akamai

      Elliott Takes 6.5 Percent Stake in Akamai

      December 15, 2017 / 9:39 PM / in 5 minutes Elliott takes stake in Akamai, to seek sale of company or assets Reuters Staff 2 Min Read (Reuters) - Activist investor Elliott Management Corp on Friday disclosed a 6.5 percent stake in Akamai Technologies Inc ( AKAM.O ), and said it plans to hold talks regarding strategic alternatives for the company including a sale. Shares of Akamai, which speeds up content delivery over the internet (OTT), were up 13.8 percent at $65.75 in after-market trading...

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    73-96 of 7514 « 1 2 3 4 5 6 7 ... 311 312 313 »
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