1. Articles in category: BoardNews

    1-24 of 9844 1 2 3 4 ... 409 410 411 »
    1. AECOM Announces Governance Agreement with Starboard Value

      AECOM Announces Governance Agreement with Starboard Value

      LOS ANGELES--(BUSINESS WIRE)--Nov 22, 2019-- AECOM (NYSE:ACM), the world’s premier infrastructure firm, today announced a governance agreement with Starboard Value LP (together with its affiliates, “Starboard”), an investment firm and shareholder of the Company, which provides for the appointment of three new independent directors recommended by Starboard, including Starboard Managing Member, Peter A. Feld, to the AECOM Board of Directors...

      Read Full Article
    2. Victoria’s Secret Parent, L Brands and CEO Wexner, Target of Activists Amid Epstein Connection, Wall Street Says

      Victoria’s Secret Parent, L Brands and CEO Wexner, Target of Activists Amid Epstein Connection, Wall Street Says

      Troubled retailer L Brands, parent of Victoria’s Secret and Bath & Body Works, is expected to come under significant pressure from potential activist shareholders for a major restructuring and possibly the ouster of its chief executive Leslie Wexner, FOX Business has learned...

      Read Full Article
    3. Letter by SEC Commissioner Robert J. Jackson, Jr. to Congresswoman Maloney

      Letter by SEC Commissioner Robert J. Jackson, Jr. to Congresswoman Maloney

      Dear Chair Maloney:

      Thank you for your July 15 letter regarding my research on the need for transparency in corporate political spending—and your leadership in urging the SEC to ensure that our rules protect American families who invest in public companies that spend investor money on politics. I very much appreciate the opportunity to share further details on this work...

      Read Full Article
      Mentions: SEC Politics
    4. Delaware Court of Chancery Holds that a Stockholder’s Disagreement with a Board’s Business Judgment and Intent to Pursue a Proxy Contest is Not a “Proper Purpose” for a Section 220 Demand

      Delaware Court of Chancery Holds that a Stockholder’s Disagreement with a Board’s Business Judgment and Intent to Pursue a Proxy Contest is Not a “Proper Purpose” for a Section 220 Demand

      In High River Limited Partnership v. Occidental Petroleum Corp., C.A. No. 2019-0403-JRS, 2019 WL 6040285 (Del. Ch. Nov. 14, 2019) (Slights, V.C.), the Delaware Court of Chancery held that a stockholder’s mere disagreement with a business decision of a board of directors and intent to pursue a bone fide proxy contest is not a “proper purpose” to support a demand to inspect the corporation’s books and records ...

      Read Full Article
    5. Safra Catz Will Remain Oracle's Sole CEO While the Company Grooms a New Exec to Replace the Late Mark Hurd as Co-CEO

      Safra Catz Will Remain Oracle's Sole CEO While the Company Grooms a New Exec to Replace the Late Mark Hurd as Co-CEO
      • Oracle is considering naming a president who could be groomed to replace Mark Hurd, the tech giant's co-CEO who died last month, according to a Bloomberg report.
      • Oracle had said it plans to maintain its dual CEO structure, but the company is now planning to name a president first to give that executive time to grow into the role, the report said.
      • Hurd died last month after taking a leave for medical reasons, leaving Safra Catz as Oracle's sole CEO...
      Read Full Article
      Mentions: Oracle
    6. Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers

      Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers

      Billionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exchange Commission (SEC) to rethink a proposed rule change for proxy adviser firms, saying it would make activist investing "even more difficult and expensive to practice." The SEC earlier this month put forward new rules that would require proxy adviser firms to give companies a chance to review proxy materials before they are sent to shareholders...

      Read Full Article
    7. Court Tosses Carl Icahn's Lawsuit Seeking Occidental Acquisition Records

      Court Tosses Carl Icahn's Lawsuit Seeking Occidental Acquisition Records

      Activist investor Carl Icahn will not have access to Occidental Petroleum Corp's Anadarko takeover records to support his proxy fight against the oil firm's board, a Delaware court judge ruled on Thursday. Icahn sued Occidental in Delaware Court of Chancery last May seeking financial records and details of its negotiations with Anadarko. He has since committed to a proxy fight to appoint new management and accelerate asset sales to repay debt taken on with the $38 billion deal...

      Read Full Article
    8. Carl Icahn Takes Stake in HP, Pushes for Merger with Xerox

      Carl Icahn Takes Stake in HP, Pushes for Merger with Xerox

      Activist investor Carl Icahn has bought a $1.2 billion stake in HP Inc and is pushing for the personal computer maker's merger with printer maker Xerox Corp , arguing that a union could yield big profits for investors, the Wall Street Journal reported on Wednesday. Icahn, who owns a 10.6% stake in Xerox, now owns a 4.24% stake in HP, the Journal said. Xerox made a roughly $33 billion cash-and-stock offer for HP, a company more than three times Xerox's size, Reuters reported last week...

      Read Full Article
    9. Hawaiian Electric Industries blasts activist investor letter on replacing CEO

      Hawaiian Electric Industries blasts activist investor letter on replacing CEO

      Hawaiian Electric Industries on Tuesday blasted a letter sent by the CEO of activist investor ValueAct Capital Management urging company stakeholders to look outside the company for President and CEO Constance Lau’s successor as a “misguided, factually inaccurate and misleading attack.”...

      Read Full Article
    10. UK: California Hedge Fund Seizes Control of Domino's Board Overhaul

      UK:  California Hedge Fund Seizes Control of Domino's Board Overhaul

      A Los Angeles hedge fund has wrestled control of Domino's Pizza's boardroom overhaul as the takeaway firms fights to end a long-running row with its franchisees. Activist investor Browning West was handed a seat on the board and will lead the search for the company's top two jobs of chairman and chief executive. In a move that could delay a resolution to the crippling row with franchisees, chief executive David Wild is to stay on longer than previously thought...

      Read Full Article
    11. Corporations Grow Nervous as Compensation for Directors Rises

      Corporations Grow Nervous as Compensation for Directors Rises

      It’s nice work if you can get it. The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, topping $300,000 for the first time and 43 percent higher than it was 10 years ago, according to a new report released by executive headhunters Spencer Stuart. But thanks largely to stock grants some earned a lot more than that...

      Read Full Article
    12. CBS Chief Will Get $100 Million Severance and Still Keep his Job

      CBS Chief Will Get $100 Million Severance and Still Keep his Job

      CBS acting Chief Executive Officer Joe Ianniello is in line for a hefty haul when Viacom completes its proposed merger with the broadcast network. While he won't get to lead the combined entity, he'll collect $100 million severance and remain chief of CBS with a new contract entitling him to tens of millions of dollars more. The arrangement illustrates the extent of CBS's effort to persuade Ianniello, a 22-year company veteran, to support the tie-up without having a shot at the top job...

      Read Full Article
    13. After a Bitter Fight, Activist Boots Progenics Directors—and Eyes a CEO Swap Next

      After a Bitter Fight, Activist Boots Progenics Directors—and Eyes a CEO Swap Next

      Three of Progenics' directors could be out the door after activist investor Velan's picks were reportedly given the vote of approval from shareholders. (iStock) Progenics' board of directors has fought bitterly against activist investor Velan Capital, going so far as to sell out rather than lose the battle. Now, Velan reportedly has the shareholder votes to complete its revamp of the drugmaker's board––but the fight's not over yet...

      Read Full Article
    14. A Former WeWork Employee is Suing Over Adam Neumann's $1.7 Billion Golden Parachute

      A Former WeWork Employee is Suing Over Adam Neumann's $1.7 Billion Golden Parachute
      • A former employee is taking WeWork to court over cofounder Adam Neumann's reported $1.7 billion golden parachute.
      • Natalie Sojka's lawsuit accuses Neumann and other WeWork directors of benefiting themselves at the expense of minority shareholders as their actions have "eviscerated" the value of WeWork stock and stock options...
      Read Full Article
    1-24 of 9844 1 2 3 4 ... 409 410 411 »
  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Popular Articles

  3. People in the News

    1. (6 articles) SEC
    2. (5 articles) Carl Icahn
    3. (5 articles) Executive Compensation
    4. (3 articles) Jamie Dimon
    5. (2 articles) Adam Neumann
    6. (2 articles) Takeover Bid
    7. (1 articles) Bill Ackman
    8. (1 articles) Elon Musk
    9. (1 articles) John Schnatter
    10. (1 articles) Dennis Muilenberg
    11. (1 articles) Mark Parker
    12. (1 articles) Shareholder Proposal
  4. Organizations in the News

    1. (5 articles) WeWork
    2. (3 articles) Hewlett Packard Enterprises
    3. (2 articles) McDonald's
    4. (2 articles) Xerox
    5. (2 articles) Marathon Petroleum
    6. (2 articles) Occidental Petroleum
    7. (2 articles) Boeing
    8. (2 articles) AT&T
    9. (2 articles) Proxy Advisory
    10. (1 articles) Board Diversity
    11. (1 articles) ValueAct Capital Management
    12. (1 articles) Papa John's
  5. Locations in the News

    1. (13 articles) Activist Investors
    2. (1 articles) UK
    3. (1 articles) Corporate Governance
  6. Subjects in the News

    1. (2 articles) bankruptcy
    2. (2 articles) Director Compensation
    3. (2 articles) severance
    4. (1 articles) Delaware
    5. (1 articles) Wall Street
    6. (1 articles) lawsuit
    7. (1 articles) Proxy Contest
    8. (1 articles) Sexual misconduct
    9. (1 articles) Japanese Firms
    10. (1 articles) Politics
    11. (1 articles) Requiring Women on Company Boards
    12. (1 articles) Governance Agreement