Kennedy already sits on the boards of several New England-based nonprofit organizations. With Acies representing his first professional board ...
Siblings see an abuse of the family business; the father sees a misguided money grab. Massachusetts has seen its fair share of high-profile family feuds...
Diversity in corporate leadership is good for business — and the lack of diversity is a risk that investors ought to know about...
Change in Corporate America often begins in the board room, and by that measure, the biggest public companies in Massachusetts have a long way to go when it comes to appointing Black directors. Of the 100 largest public companies in the Commonwealth, close to two-thirds do not have a single Black board member, according to analysis by BoardProspects, an online platform that specializes in corporate director and advisory board searches...
Dr. Elizabeth Nabel's hospital is participating in the Cambridge biotech's trial of a COVID-19 vaccine. She recently sold stock in it worth nearly $6.5m...
The question is on everyone’s mind: Will this moment in race relations be different? Not without corporate America playing a significant role, that’s for sure...
The CEO and president of Ocean Spray Cranberries Inc. was fired for violating the company’s policy against harassment, officials said...
Co-founder Adam Neumann stepped down as chief executive officer last week after concerns about corporate governance and the money-losing ...
Could the sun finally be setting on the General Electric empire? Chief executive John Flannery on Tuesday raised the prospect of ending GE’s long life as one of the world’s best-known industrial conglomerates by floating the idea of spinning off one or more of its remaining three core businesses into separately traded companies. The breakup of the company born in Thomas Edison’s labs is one of the more radical ...
Consider the curious case of the all-male boards. Hard to believe that in 2017 anyone would think they are OK, but they’re more common than you think...
By Shirley Leung Globe Columnist July 25, 2017 What do Amazon, Facebook, and Netflix have in common? Not a single person of color sits on their corporate boards. Advertisement For that reason alone, the Massachusetts pension fund refused this year to support the slate of board nominees recommended by each company. When it comes to diversity in the boardroom, Treasurer Deb Goldberg, who also serves as chair of the state pension board, is taking a hard line...
Some complain that the annual shareholder meeting is a vestige of the old days, a tradition whose time has expired in the era of Skype and webcasts. Others insist it’s the last remaining forum for individual investors in publicly traded companies to sit in the same room as a business’s executives and directors...
Vertex Pharmaceuticals Inc. CEO Jeffrey M. Leiden saw his total compensation drop 38 percent to $17.4 million last year, largely on a steep cut in his stock-option awards from the Boston-based biotech. It was the second year in a row that Leiden’s pay declined from a 2014 payout of $36.6 million that made him the highest-paid head of a Massachusetts public company and sparked some shareholder criticism...
Perhaps the turning point of gender equality in corporate America will come down to the simple but powerful act of commissioning a piece of art...
What a massive hash the board of trustees has made of that place and its reputation. The downtown college prides itself on turning out socially conscious graduates and civic leaders, the kinds of people who make a city great. Pity the poor faculty and students, who strive to embody those ideals ...
Brian Snyder/Reuters General Electric CEO Jeff Immelt (left) negotiated a rich incentives package with Governor Charlie Baker (center) and Boston Mayor Marty Walsh to move his company to Boston. Many small companies relocate for the local workforce. By Scott Kirsner Globe Columnist July 29, 2016 In January, around the time General Electric executives were ratifying the decision to move the conglomerate’s headquarters from Connecticut to Boston’s Seaport District, David Hurley was living in an Airbnb apartment rental in the same neighborhood. Hurley had landed some early funding from two Boston venture capital firms, and he’d decided ...
Dr. Elizabeth Nabel is paid well — $1.3 million in salary alone in 2013 — to run Brigham and Women’s Hospital, one of the nation’s premier medical centers. She also finds time to hold three other paying positions, which is unusual for a Boston hospital president ...
A strongly worded letter was the culmination of a probe Maura Healey’s office launched during the height of the school’s administrative turmoil ...
The buzz around the gender pay gap had been building – with a flurry of bills filed and Equal Pay Day speeches made — but those with the power to take immediate action, the companies that issue the paychecks, were slow to act on their own. Enter Natasha Lamb, director of equity research and shareholder engagement at the Marion-based investment firm Arjuna Capital, who decided it was time to take matters into her own hands ...
After assurances last fall that he would give up his seat on two high-paying corporate boards, Governor Charlie Baker’s former tax commissioner did not do so — despite a law prohibiting him from engaging in any outside business for profit. Aides to the governor said in November that Mark Nunnelly, who was appointed in March 2015, would “transition off” the boards of ...
Talk to a community banker about the Dodd-Frank law and all the rules out of Washington as a result, and you’re bound to hear about the headaches. But the new rules have been a boon for these banks’ lawyers, the ones who are behind the scenes ...
Helping publicly traded, private, or not-for-profit businesses find board members is the business of Quincy-based BoardProspects. Its chief executive officer, Mark Rogers of Weymouth, a corporate lawyer who practiced in the Boston area for 10 years before founding his venture, said his company is the world’s largest boardroom community...
Out-of-control pay for corporate directors is an integral part of a bloated CEO compensation system that has institutionalized sweetheart deals as the norm rather than the exception (“Few hours, soaring pay for directors,” Page A1, Dec. 2). Think of ...
are white men, even though women and minorities make up most of the population. Then on Friday the Boston Club, in its annual census of women on boards conducted by Bentley University, will detail another year of incremental improvement, with female ...