1. Articles in category: BoardNews

    1-24 of 8981 1 2 3 4 ... 373 374 375 »
    1. PG&E Spikes After a Hedge Fund Challenges its 'Damaging, Avoidable, And Unnecessary Bankruptcy'

      PG&E Spikes After a Hedge Fund Challenges its 'Damaging, Avoidable, And Unnecessary Bankruptcy'
      • PG&E said Monday it intends to file bankruptcy petitions under Chapter 11, in order to protect the best interests of all stakeholders.
      • Hedge fund BlueMountain Capital Management, one of its biggest shareholders, challenged its plan to seek bankruptcy protection, saying it's "damaging, avoidable, and unnecessary."
      • PG&E has seen its value plunge by 85% after last November's deadly California wildfire...
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    2. Nissan May Abolish Chairman Role as It Rebuilds, Director Says

      Nissan May Abolish Chairman Role as It Rebuilds, Director Says

      (Bloomberg) -- Two months after the arrest of its chairman stunned Nissan Motor Co. and the entire global automotive industry, the carmaker is weighing abolishing the role altogether as it steps up reforms to rebuild its governance. Carlos Ghosn’s downfall, with the auto titan accused of financial crimes that could put him behind bars for decades, saw Nissan swiftly dismiss him as chairman, leaving the carmaker he once saved from the brink of collapse with a leadership vacuum at the board level...

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    3. Legendary Investor John Bogle has Died at 89. The Founder of Vanguard Group was Known as the Creator of the Index Fund.

      Legendary Investor John Bogle has Died at 89. The Founder of Vanguard Group was Known as the Creator of the Index Fund.

      Bogle created one of the world’s biggest investment companies and became known for creating index funds, a type of low-cost investment that allowed ordinary Americans to invest in a wide swath of companies. This is a developing story. It will be updated...

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    4. Does Board Diversity Improve Corporate Performance?

      Does Board Diversity Improve Corporate Performance?

      The push to increase the percentage of women on corporate boards is reflected in a study published Wednesday by the Alliance for Board Diversity and Deloitte. Among Fortune 500 firms, the study finds that in 2018, women held 22.5% of board positions, an increase from 20.2% in 2016. Among Fortune 100 firms, women in 2018 held 25% of board seats, up from 23% in 2016...

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    5. Sears Avoids Liquidation as Eddie Lampert Wins Bankruptcy Auction

      Sears Avoids Liquidation as Eddie Lampert Wins Bankruptcy Auction
      • Sears chairman Eddie Lampert has reportedly won a bankruptcy auction to keep the 126-year-old retailer from liquidating.
      • Lampert's bid will keep about 400 stores open and retain 50,000 jobs.
      • "While there is no doubt that a shrunken Sears will be more viable than the larger entity which struggled to turn a profit, we remain extremely pessimistic about the chain's future," said Neil Saunders, CEO of GlobalData Retail...
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    6. Corporate Boards Pick Up the Pace at Diversifying, Study Finds

      Corporate Boards Pick Up the Pace at Diversifying, Study Finds

      NEW YORK — America’s largest companies added women and minorities to their boards of directors at a faster pace over the past two years, a period when sexual harassment scandals thrust workplace equality into the spotlight, a study shows. The rate of change remains slow, but minorities are making visible gains for the first time in many years, according to the 2018 Board Diversity Census, released Wednesday by the Alliance for Board Diversity and the consulting firm Deloitte...

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    7. A $57 Million Pay Dispute Sees Andrea Orcel get Dumped as New Santander CEO Before Even Getting Started

      A $57 Million Pay Dispute Sees Andrea Orcel get Dumped as New Santander CEO Before Even Getting Started
      • Santander said late on Tuesday that it will no longer be appointing UBS executive Andrea Orcel as its new CEO.
      • The Spanish banking giant said that the level of compensation that was required to hire Orcel was "unacceptable."
      • The sticking point in bringing Orcel to Santander was years of compensation that had previously been deferred by UBS, which, owing to his departure, the Swiss bank was reluctant to pay...
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    8. Going Public? For Uber, Lyft and Others, Shutdown Slows IPOs

      Going Public? For Uber, Lyft and Others, Shutdown Slows IPOs

      WASHINGTON (AP) — The partial government shutdown is slowing plans by some companies to issue stock to the public and potentially cutting off a key source of capital for the financial markets. The shutdown, now in its fourth week, has all but darkened the Securities and Exchange Commission, the government agency that oversees the markets. Most of the SEC's 4,400-person staff is furloughed, including lawyers and other staffers who must approve corporate paperwork for initial public offerings...

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      Mentions: Investors SEC Uber
    9. Chairman Leaves JAB Without a Rose

      Chairman Leaves JAB Without a Rose

      It’s not quite Page Six material, but the surprise exit of JAB Holdings Chairman Bart Becht yesterday shows things at the takeover-hungry company aren’t exactly simpatico.

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    10. Luby’s, Inc. Comments on Report from ISS

      Luby’s, Inc. Comments on Report from ISS

      HOUSTON --(BUSINESS WIRE)--Jan. 14, 2019-- Luby’s, Inc. (NYSE:LUB) (“Luby’s” or the “Company”) today commented on a report by proxy voting advisory firm Institutional Shareholder Services (“ISS”) regarding the election of directors to Luby’s Board of Directors at the upcoming 2019 Annual Meeting of Shareholders scheduled for January 25, 2019 . In the report, ISS acknowledged positive developments from Luby’s turnaround plan 1 : “The board indicates ...

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    11. Wells Fargo has Splurged on Stock Buybacks Since Fake-Accounts Scandal

      Wells Fargo has Splurged on Stock Buybacks Since Fake-Accounts Scandal

      Wells Fargo's deposits and loans are under pressure from two years of scandal. It's cutting up to 26,500 jobs and shutting hundreds of branches. And the bank's stock price has trailed the rest of the market. Despite those challenges — or perhaps because of them — Wells Fargo ( WFC ) has lavished shareholders with aggressive share buybacks. Wells Fargo shelled out $7.4 billion to repurchase its stock in the third quarter, nearly triple what it spent the year before...

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    12. In its Search for a CEO, Intel Still Hasn't Found What it's Looking For

      In its Search for a CEO, Intel Still Hasn't Found What it's Looking For

      Intel Corp. has been trying to fill the most prominent role in the $400-billion chip industry for more than six months. The company’s board still hasn’t found what it’s looking for. Intel directors have ruled out some candidates for the vacant chief executive officer post, passed up obvious ones, been rejected by some and decided to go back and re-interview others, extending the search, according to people familiar with the process...

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    13. Activist Hedge Fund Starboard Value is Looking at MGM

      Activist Hedge Fund Starboard Value is Looking at MGM

      Activist Hedge Fund Starboard Value is Looking at MGM The stock rallied after the announcement last Thursday By Ken Trester , Editor, Power Options Weekly To receive further updates on this MGM Resorts International (NYSE: MGM ) trade as well as an alert when it’s time to take profits, sign up for a risk-free trial of Power Options Weekly today . This morning I am recommending ...

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    14. Bramson Gets Cold Shoulder from Barclays Shareholders

      Bramson Gets Cold Shoulder from Barclays Shareholders

      Barclays’ top shareholders have emphatically rejected Edward Bramson’s attempted boardroom coup after it emerged that the corporate raider was ramping up his fight for a board seat. Mr Bramson has taken his battle with Barclays up several notches after promising to table a vote on “the composition of the board” at the bank’s general meeting in May. His demand for a place at the top was spurned by the bank’s bosses late last year...

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    15. U.S. Government Shutdown Means Executives Face Tough Calls on Proxies

      U.S. Government Shutdown Means Executives Face Tough Calls on Proxies

      (Reuters) - With securities regulators largely sidelined during the partial U.S. government shutdown, corporate executives may have to decide on their own what shareholder resolutions should go to a vote this spring. Many corporate boards will meet starting next month to choose which proposals to list on their proxy statements for annual shareholder meetings. If the shutdown drags on, they would have to go without guidance from the U.S. Securities and Exchange Commission...

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      Mentions: SEC California
    16. ISS Releases New U.S. Executive Compensation Policies and Equity Plan FAQs for 2019

      ISS Releases New U.S. Executive Compensation Policies and Equity Plan FAQs for 2019

      Institutional Shareholder Services (ISS) has issued new FAQs addressing U.S. Executive Compensation Policies and U.S Equity Compensation Plans for the 2019 proxy season, for annual meetings held on or after February 1, 2019. Significant executive compensation and equity plan updates for U.S. listed companies are summarized below...

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    17. Ousted Nissan Chairman Carlos Ghosn's Legal Problems are Getting Worse as Tokyo Prosecutors hit him with 2 New Financial Misconduct Charges

      Ousted Nissan Chairman Carlos Ghosn's Legal Problems are Getting Worse as Tokyo Prosecutors hit him with 2 New Financial Misconduct Charges
      • Tokyo prosecutors indicted former Nissan Chairman Carlos Ghosn on two new charges of financial misconduct on Friday.
      • Ghosn was charged with aggravated breach of trust for temporarily transferring personal investment losses to Nissan in 2008, and for understating his compensation for three years, from 2015 to 2017, according to his lawyer, Motonari Otsuru.
      • Otsuru said his team was applying for bail to release Ghosn, who has been detained since his Nov. 19 arrest...
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    18. Japan's Olympus to Propose Board Seat for Activist Investor ValueAct

      Japan's Olympus to Propose Board Seat for Activist Investor ValueAct

      TOKYO (Reuters) - Japan's Olympus Corp said it would propose to give top shareholder U.S. hedge fund ValueAct Capital a seat at its board, a rare move in the country where activists are still viewed by companies as asset-strippers to be resisted. The Japanese medical equipment and camera maker also said Yasuo Takeuchi, its vice president, will become chief executive officer from April 1, replacing Hiroyuki Sasa. Shares of Olympus jumped more than 10 percent after the announcements on Friday...

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      Mentions: Hedge Fund KKR Japan
    1-24 of 8981 1 2 3 4 ... 373 374 375 »
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