Trying to address the growing wage gap between chief executives and workers, San Francisco voters overwhelmingly approved what is believed to be the nation’s first tax aimed at combatting pay inequity...
A Regeneron executive and one of its directors sold $1 million worth of stocks two days after President Donald Trump announced he was taking their therapeutic, recent filings from the Securities and Exchange Commission reveal...
Wells Fargo & Co Chief Executive Officer Charles Scharf has apologized for making insensitive remarks around race and diversity, seeking to quell a row over his references to a shortage of talent among minority groups. Reuters reported on Tuesday that Scharf had exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there were not enough qualified minority candidates...
Citi announced Thursday it will appoint Jane Fraser, the bank’s current president, as CEO, marking the first time a major Wall Street bank will be led by a woman. Citi said it also appointed Fraser to its board, effective immediately...
Ten of the country's largest airlines, including American, Delta and United, are to receive a slice of the $25 billion Payroll Support Program.Major U.S. airlines, roiled by the coronavirus pandemic, will be participating in the federal government’s Payroll Support Program, Treasury Secretary Steven Mnuchin announced Tuesday. Ten of the country's largest airlines, including American, Delta and United, are to receive a slice of the $25 billion Payroll Support Program...
What happens when there are more women than men in the boardroom? More women on boards means "behavior and conduct in a company are balanced," one recruitment expert said. For the first time in its 110-year history, General Motors now has more women than men on its board...
Les Moonves, the former chief executive officer at CBS, notified the company on Wednesday that he is continuing his fight for as much as $120 million in severance.
The news emerged after CBS released a corporate filing on Thursday that noted Moonves had “notified the Company of his election to demand binding arbitration with respect to this matter. The Company does not intend to comment further on this matter during the pendency of the arbitration proceedings.”...
Marriott International said Friday that up to 500 million guests' information may have been accessed as part of a breach of its Starwood guest reservation database, potentially one of the largest breaches of consumer data ever...
Outsized CEO pay is an issue coming under increasing scrutiny, and Donald Trump has already promised to do away with legislation that would require companies to be more transparent...
The survey also compared CEO pay to that of union workers. Here the gap between CEO and average worker pay was less at just more than 242 times, while the typical CEO earned more than 819 times what a worker earning minimum wage would take home in a year. "The income inequality that exists in this country is a disgrace," AFL-CIO President Richard Trumka said in a statement ...
An ex-vice president says Viacom fired her for opposing its alleged plan to avoid paying taxes on licensing rights for Teenage Mutant Ninja Turtles...
... Kara Swisher, Re/code co-executive editor, on whether Dick Costolo will be out at Twitter. She believes the board is concerned an activist shareholder will come in and force their hand. Published January 30th 2015, 9:27 am. advertisement. Related ...
Corporate boards with greater gender diversity function better, and it takes just one woman to make a difference. While earlier research suggested that it takes a few women in the boardroom to move the needle, a new study shows that even the presence of a ...
SAN FRANCISCO — Microsoft on Monday named three executives to its cloud, devices and Xbox gaming divisions in one of new Chief Executive Satya Nadella's first management shakeups.
JPMorgan Chase's first quarterly loss in nine years had Chief Executive Jamie Dimon looking a bit more vulnerable Friday after the bank took a $7.2 billion hit from penalties, expected future litigation and other legal matters...
A nasty and personal exchange between Twitter CEO Dick Costolo and an outspoken advocate of women in corporate boardrooms has thrown a spotlight on a serious issue in Silicon Valley: the dearth of women in the upper ranks of America's top technology companies...
For a long while, the corporate governance element of stock investing got lost in the bubbly times over the last several decades. As long as stocks made money, few investors thought much about corporate governance and their rights as shareholders.