1. Articles in category: BoardNews

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    1. Read the Email the Oracle Executive Once Rumored to Be The Next CEO Emailed the Company to Announce his 'extended' leave of Absence

      Read the Email the Oracle Executive Once Rumored to Be The Next CEO Emailed the Company to Announce his 'extended' leave of Absence
      • Top Oracle exec in charge of building its all-important cloud, Thomas Kurian, is taking a leave of absence.
      • Business Insider has obtained his email.
      • The email is written in a way that hints this maybe a permanent good-bye, although a spokesperson tells us that Kurian is expected to return after an unspecified time off...
      Read Full Article
      Mentions: Technology CEO Oracle
    2. Compensation for Outside Corporate Directors Increased 3% to Over $267,000 in 2017, Willis Towers Watson Study Finds

      Compensation for Outside Corporate Directors Increased 3% to Over $267,000 in 2017, Willis Towers Watson Study Finds

      (GLOBE NEWSWIRE) -- Total pay for outside directors at the nation’s largest corporations increased by a modest 3% in 2017, driven by increases in cash and stock compensation, according to a new analysis by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company. The study also revealed more companies are implementing annual limits on ...

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    3. The Founder of Lululemon is Now One of the 500 Richest People in the World

      The Founder of Lululemon is Now One of the 500 Richest People in the World
      • Lululemon founder Chip Wilson is now one of the 500 richest people in the world.
      • His fortune hit $3.9 billion thanks to a 15% surge in shares of the company.
      • He stepped down from the board in 2015, but still owns a 13% stake in the activewear brand.
      • Wilson is known for his controversial comments.

      Lululemon founder Chip Wilson has been named among the 500 richest people in the world...

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    4. Judge OKs $480 Million Settlement With Wells Fargo Shareholders

      Judge OKs $480 Million Settlement With Wells Fargo Shareholders

      A federal judge in San Francisco has signed off on a $480 million settlement in a class-action shareholder lawsuit over Wells Fargo’s unauthorized-accounts scandal.

      The deal, granted preliminary approval late Tuesday, would compensate Wells Fargo & Co. shareholders for losses they suffered after the bank in 2016 acknowledged it had created perhaps millions of accounts without customers’ authorization...

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    5. Marijuana Company Pressed to Make Deal by Activist Investor

      Marijuana Company Pressed to Make Deal by Activist Investor

      Hexo Corp. has drawn interest from an occasional activist investor, who fears the Canadian marijuana company will miss out on a frenzy of deal making in the budding industry. New York-based Riposte Capital LLC, Hexo’s second-largest shareholder with a roughly 2.5% stake, plans to urge the company to explore strategic alternatives and take advantage of the cannabis sector’s rapid growth, according to people familiar with the matter...

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    6. Elon Musk is Said to Have Hired a Lawyer Who Used to Work for the SEC as the Agency Reportedly Investigates his 'Funding Secured' Tweet

      Elon Musk is Said to Have Hired a Lawyer Who Used to Work for the SEC as the Agency Reportedly Investigates his 'Funding Secured' Tweet
      • Tesla CEO Elon Musk has hired two lawyers, Roel Campos and Steven Farina, as the Securities and Exchange Commission reportedly investigates statements Musk made about converting Tesla into a private company, Fox Business Network reports.
      • Campos was an SEC commissioner from 2002 until 2007.
      • Farina and Campos list securities enforcement and securities litigation among their areas of focus...
      Read Full Article
      Mentions: CEO SEC Twitter
    7. Carige's Biggest Shareholder Seeks to Block Rival's Boardroom Plan

      Carige's Biggest Shareholder Seeks to Block Rival's Boardroom Plan

      MILAN (Reuters) - Banca Carige's biggest shareholder has asked a judge to prevent a rival shareholder in the Italian bank from putting forward a list of candidates for a boardroom overhaul. Shareholders in Carige, Italy's last remaining problem bank, are due to meet on Sept. 20 to appoint a new board and attempt to solve a governance crisis...

      Read Full Article
      Mentions: CEO crisis UBS
    8. Loeb Wants Breen to Lead DuPont After 3-Way Split at DowDuPont

      Loeb Wants Breen to Lead DuPont After 3-Way Split at DowDuPont

      Ed Breen, the chief executive officer of chemical giant DowDuPont Inc., is the best choice to run DuPont when it becomes an independent company next year, activist investor Dan Loeb said. “I hope Ed Breen is involved in a serious way, continuing as CEO or in an executive chair role,’’ Loeb, who runs the Third Point LLC hedge fund, said in an interview Tuesday...

      Read Full Article
    9. Amazon Becomes the 2nd US Company to join the $1 Trillion Club

      Amazon Becomes the 2nd US Company to join the $1 Trillion Club
      • Amazon is the second US company to reach a $1 trillion valuation, after Apple hit the milestone earlier this month.
      • The stock gained 2% to hit the magic number of $2,050.27 per share on Tuesday.
      • Follow Amazon's stock price in real time here.

      It’s official: Amazon is the second American company to achieve a valuation of more than $1 trillion...

      Read Full Article
    10. USA Gymnastics President Kerry Perry Resigns Days After the Olympic Committee Questioned her Ability to Lead Following Larry Nassar Scandal

      USA Gymnastics President Kerry Perry Resigns Days After the Olympic Committee Questioned her Ability to Lead Following Larry Nassar Scandal
      • USA Gymnastics President Kerry Perry resigned from her position on Monday after nine months on the job.
      • The move came days after the US Olympic Committee questioned her ability to lead a path forward for an organization rocked by scandal.
      • Perry had repeatedly come under scrutiny by athletes who felt she was mishandling the fallout from the tumult surrounding disgraced former team doctor Larry Nassar...
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    11. Calpers’ Bet on Sacramento’s Planned Tallest Tower Splits Board

      Calpers’ Bet on Sacramento’s Planned Tallest Tower Splits Board

      Sacramento officials are cheering a decision by the California Public Employees’ Retirement System to build what would be the tallest tower in its hometown. But some inside Calpers’ boardroom are concerned the 550-foot project represents too much risk. During a private meeting earlier this summer three Calpers directors voted against a new $550 million commitment to the proposed office-condominium-retail complex, according to people familiar with the situation...

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      Mentions: risk Calpers
    12. A Group of Investors Again Urges Big 5 to Change Company Management, Seek a Buyer, or Declassify the Board to Increase Shareholder Value

      A Group of Investors Again Urges Big 5 to Change Company Management, Seek a Buyer, or Declassify the Board to Increase Shareholder Value

      PRNewswire/ -- Earlier this year, a group of investors (the "Group") working with Johnson Fistel , LLP took a stock position in Big 5 Sporting Goods (NASDAQ: BGFV) (referred to below as "Big 5" or the "Company") because they believe that the shares of Big 5 are undervalued and represent an attractive investment opportunity...

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    13. JD.com CEO Returns to China After Arrest in U.S. Sexual Misconduct Case

      JD.com CEO Returns to China After Arrest in U.S. Sexual Misconduct Case

      BEIJING (Reuters) - The CEO of JD.com Inc , Richard Liu, has returned to China, the Chinese e-commerce giant said on Monday, days after he was arrested by police in the U.S. city of Minneapolis on suspicion of criminal sexual conduct and later released. Police said an investigation was ongoing. JD.com has said that the accusation against Liu, 45, was unsubstantiated...

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      Mentions: CEO Alphabet Google
    14. India: Govt Plans Exam for Individuals Looking to Become Independent Directors

      India:  Govt Plans Exam for Individuals Looking to Become Independent Directors

      The government plans to have examinations for individuals who want to become independent directors as part of bolstering the corporate governance framework, according to Union Minister PP Chaudhary. While there are stringent provisions under the Companies Act, 2013 to ensure good governance standards, the roles of independent directors has come under the scanner in certain instances of corporate misdoings...

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    15. Independent Special Committee of Papa John’s Board of Directors Issues Letter

      Independent Special Committee of Papa John’s Board of Directors Issues Letter

      Independent Special Committee of Papa John’s Board of Directors Issues Letter Papa John’s International, Inc. (NASDAQ: PZZA) today released the following from the Special Committee of independent directors of the Papa John’s Board of Directors: To the Papa John’s Community: The independent members of the Papa John’s Board of Directors take seriously our responsibility to serve and protect the best interests of Papa John’s and our stakeholders...

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