1. Articles in category: BoardNews

    1-24 of 9466 1 2 3 4 ... 393 394 395 »
    1. Uber's First Employee and one of Travis Kalanick's Last Allies has left the Company's Board just 2 weeks after IPO

      Uber's First Employee and one of Travis Kalanick's Last Allies has left the Company's Board just 2 weeks after IPO
      • Ryan Graves, Uber employee number 1 and its former CEO, is leaving Uber's board of directors, the company said in a filing Friday.
      • It's unclear why Graves is leaving the board. The company said in its filing that the departure is not related to any disagreements.
      • Graves' resignation comes just two weeks after Uber went public. Graves' personal stake in the company is valued around $1.4 billion...
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      Mentions: SEC IPO Uber
    2. The SEC is Reportedly Investigating Whether Boeing was Transparent Enough with Shareholders About Problems with the 737 Max

      The SEC is Reportedly Investigating Whether Boeing was Transparent Enough with Shareholders About Problems with the 737 Max
      • The Securities and Exchange Commission (SEC) is investigating whether Boeing gave shareholders sufficient information about problems with its 737 Max aircraft, Bloomberg reported.
      • The agency is also reportedly examining financial documents from the aerospace manufacturer to determine whether it properly accounted for the potential impact of issues associated with the 737 Max.
      • The SEC declined to comment. Boeing did not immediately respond to Business Insider's request for comment...
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      Mentions: SEC crisis Bloomberg
    3. Activist Investors Get More Backing for Change at PDC Energy

      Activist Investors Get More Backing for Change at PDC Energy

      (Bloomberg) -- The push for change at oil and gas producer PDC Energy Inc. has won the support of another activist investor, who plans to vote in favor of Kimmeridge Energy Management’s three nominees for the board. Lion Point Capital, which owns a 2.3% stake in PDC Energy, believes the company requires changes at the board level to improve its performance...

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    4. Legg Mason Cuts 12% of Staff in Revamp as Peltz Joins Board

      Legg Mason Cuts 12% of Staff in Revamp as Peltz Joins Board

      Legg Mason Cuts 12% of Staff in Revamp as Peltz Joins Board More (Bloomberg) -- Legg Mason Inc., which welcomed activist investor Nelson Peltz to its board this week, is cutting 120 people, or about 12% of staff, and streamlining its executive committee. The cost-cutting steps are “critical to our ongoing growth,” Joe Sullivan, chief executive officer of the Baltimore, Maryland-based asset manager, said in a memo to staff Thursday...

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    5. Acreage Shareholder Supports Canopy Deal Amid Opposition

      Acreage Shareholder Supports Canopy Deal Amid Opposition

      (Bloomberg) -- One of Acreage Holdings Inc.’s earliest shareholders has come out in favor of its sale to Canopy Growth Corp. as the target company’s shares languish well below the offer price. Cresco Capital Partners LLC, which has owned Acreage since 2015, said the New York-based cannabis firm’s association with Canopy will give it a capital boost even before the closing of the deal, which is contingent on U.S. legalization...

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    6. Activist investor ValueAct Urges Madame Tussauds-Owner Merlin to go Private

      Activist investor ValueAct Urges Madame Tussauds-Owner Merlin to go Private

      (Reuters) - Activist shareholder ValueAct on Thursday urged Merlin Entertainments to go private and said the owner of Madame Tussauds, the London Eye and Alton Towers could be valued at about 4 pounds a share, 20% more than its current price. That would value the Legoland owner at more than 4 billion pounds. It had a market capitalisation of 3.42 billion pounds as of Wednesday's close, according to Refinitiv Eikon data...

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    7. Jeff Bezos Blew off Amazon Employees' Proposal at the Shareholder's Meeting and they were Miffed: 'This is not the kind of leadership we need'

      Jeff Bezos Blew off Amazon Employees' Proposal at the Shareholder's Meeting and they were Miffed: 'This is not the kind of leadership we need'
      • Nearly 8,000 employees have signed an open letter asking Amazon to commit to become a climate-change leader instead of a climate change contributor.
      • They expected to present their ideas directly to their boss, CEO Jeff Bezos, at the company's annual shareholder's conference where he was scheduled to appear.
      • But Bezos didn't show up to listen to them.
      • Although 50 of them were in the room, the company also did not allow any of them to ask a question of him...
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    8. McDonald's is Under Pressure as Allegations of Sexual Harassment Surface and Activists Circle the Wagons

      McDonald's is Under Pressure as Allegations of Sexual Harassment Surface and Activists Circle the Wagons

      McDonald’s is taking a lot of heat from workers’ rights groups leading up to its annual shareholder meeting Thursday. This week, the burger chain has been accused of failing to protect workers from sexual harassment and violence . High-profile activists like actress Padma Lakshmi joined a worker protest in Chicago. And Time’s Up , which aims to combat workplace sexual misconduct, sent an open letter to McDonald’s CEO Steve Easterbrook...

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    9. BP's Chairman Says 'the world can't continue along its current path' and That The Energy Giant Will Become More Transparent in Response to Investor Demands

      BP's Chairman Says 'the world can't continue along its current path' and That The Energy Giant Will Become More Transparent in Response to Investor Demands
      • BP chairman Helge Lund promised a long-term transformation to a "low-carbon energy system" in a Financial Times editorial.
      • At its annual general meeting on Tuesday, BP accepted a shareholder resolution to adopt transparency about how its strategy is in accordance with the Paris Agreement on climate change.
      • BP and its competitors are facing significant pressure from investor groups for addressing climate change, including from CA100+, whose members control a total of $33 trillion AUM...
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      Mentions: Dow Scotland Shell
    10. Amazon Air Pilots are Picketing the Company's Annual Shareholder Meeting as They Fight For Better Pay

      Amazon Air Pilots are Picketing the Company's Annual Shareholder Meeting as They Fight For Better Pay
      • Pilots for three airlines that operate much of Amazon's Air delivery service are set to picket Amazon's annual meeting on Wednesday.
      • The group says the companies have purposefully stalled negotiating a new contract for more than three years.
      • Pilots who spoke to Business Insider said their worried another accident — like that involving an Atlas Air jet in February — could happen again soon as crews are stretched thin...
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    11. Texas Land Bank Proxy Fight Turns Ugly as Dissident Nominee Sued

      Texas Land Bank Proxy Fight Turns Ugly as Dissident Nominee Sued

      (Bloomberg) -- Texas Pacific Land Trust postponed a special shareholders meeting and sued the activist investor vying for a trustee job, the latest twist in an increasingly acrimonious proxy fight. The meeting, previously scheduled for June 6, has been called off until further notice to give investors "the opportunity to cast a fully informed vote,’’ Trustee David E. Barry said Tuesday in a statement...

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    12. LionsGate is Still Interested in Selling Starz to CBS — Then Might Have to Merge with MGM to Stay Relevant

      LionsGate is Still Interested in Selling Starz to CBS — Then Might Have to Merge with MGM to Stay Relevant

      It's the great media paradox: while the amount of content expands, the number of traditional media companies keeps shrinking. CBS is expected to continue talks in the coming weeks with Lions Gate about buying Starz, the premium entertainment network LionsGate owns, according to people familiar with the matter...

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    13. JPMorgan Shareholders Approve Executive Pay, With Protest

      JPMorgan Shareholders Approve Executive Pay, With Protest

      (Reuters) - JPMorgan Chase & Co said on Tuesday that only 71.64 percent of shareholder votes cast approved its executive compensation packages, marking a rare instance of criticism over the bank's top leaders pay. JPMorgan Chase also said all of its directors were elected, and that a shareholder proposal that the bank report annually on its global gender pay gap was voted down, according to preliminary tallies...

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    14. BP Resists Calls to Match Shell’s Climate Change Goals

      BP Resists Calls to Match Shell’s Climate Change Goals

      Activists protested at BP's London headquarters on Monday, a day before the shareholder meeting. × BP resists calls to match Shell’s climate change goals Activists protested at BP's London headquarters on Monday, a day before the shareholder meeting. BP is resisting pressure from investors and activists to take more radical action on climate change..

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      Mentions: Investors risk Shell
    15. Bernie Sanders is Planning to Crash Walmart's Next Shareholders Meeting and Argue Hourly Workers Deserve a Spot on the Company's Board

      Bernie Sanders is Planning to Crash Walmart's Next Shareholders Meeting and Argue Hourly Workers Deserve a Spot on the Company's Board
      • Sen. Bernie Sanders will attend Walmart's shareholders meeting on June 5.
      • He reportedly plans to boost a shareholder proposal to include hourly employees on the company's board.
      • A Walmart spokesperson told Business Insider that the company hopes Sanders will not approach the event as a "campaign stop."

      Sen. Bernie Sanders, one of Walmart's biggest critics, is crashing the retail giant's annual shareholder meeting this year...

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    1-24 of 9466 1 2 3 4 ... 393 394 395 »
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