The latest in the Twitter-Elon Musk circus has shareholders of the social media company seeking class action status for a lawsuit against the billionaire Tesla founder, alleging unjust enrichment, false statements and stock manipulation in order to lower the price or walk away from the $44 billion deal he’d agreed to...
Twitter is said to be weighing a poison pill to prevent Elon Musk from increasing his stake in the company significantly, the Wall Street Journal reported, citing a person familiar with the situation...
ISS, an influential shareholder advisory firm, has recommended “withhold” votes for the three Discovery directors up for reelection at the April annual meeting “due to poor stewardship” in compensation...
AT&T chief executive John Stankey’s compensation totaled $24.8 million last year, up from $21 million the year earlier. According to a proxy statement filed with the SEC, retired CEO Randall Stephenson made $16.3 million in 2021 (down from $29 million)...
Nearly 60% of Walt Disney stockholders voted to approve a shareholder proposal for greater transparency on pay data – specifically a request that Disney report on both median and adjusted pay gaps across race and gender...
It was the worst of times (for the world). It was still a pretty good time (for CEO pay). Ten top media and entertainment CEOs earned a combined $350 million last year...
Chris Meledandri, founder and CEO of Illumination, has been nominated to join Nintendo as an Outside Director...
Elon Musk, head of Tesla, SpaceX, Neuralink and The Boring Company, has been nominated to the board of directors of Endeavor Group Holdings...
Adonis Hoffman, a longtime fixture in Washington media and regulatory circles, has withdrawn his board nomination at Tegna, citing a racially charged interaction with the company’s CEO...
A bold proposal by the Nasdaq stock exchange early this month may give U.S. corporate boards the biggest nudge yet to seat diverse directors increasingly seen as key to both good business and social justice as investors across industries focus more on melding the two...
Chairman and co-CEO Reed Hastings is set to receive $34 million worth of stock options and a salary of $650,000 for 2021, Netflix said in a SEC filing Monday...
Fox CEO Lachlan Murdoch’s compensation totaled $29.15 million for the fiscal year ended in June, down sharply from $42.11 million the year before...
Institutional Shareholder Services, an influential de facto corporate watchdog, is advising stockholders to vote no on executive compensation for Netflix, Comcastand Google parent Alphabet at annual meetings this week and next, while slamming the pay criteria at Facebook...
Rep. David Cicilline (D-RI), who chairs a House subcommittee on antitrust and competition, is proposing that the next coronavirus relief legislation include a moratorium on corporate mergers and acquisitions...
Fox Corp. is the latest major media company to implement cost-cutting measures to mitigate the impact from the COVID-19 pandemic by temporarily cutting pay cuts for executives at the VP and above. Executive chairman-CEO Lachlan Murdoch just announced the move in an internal memo. Read it below...
Bob Chapek addressed his first annual meetings of shareholders as Disney’s new CEO and talked up the studio’s digital future as the board of directors were re-elected...
Netflix CEO Reed Hastings will see his total compensation rise 10% to just shy of $34.7 million in 2020, the company disclosed Monday in an SEC filing...
Viacom and CBS followed last week’s merger news with regulatory filings Monday that laid out some key details of their long-awaited reunion, including executive compensation, board makeup and breakup fees...
By a nearly unanimous vote, CBS shareholders re-elected 11 members of the board of directors during the company’s annual meeting Wednesday, continuing the company’s ongoing effort to stabilize itself after a turbulent 2018...
With less than 24 hours remaining before the acquisition of 21st Century Fox by Disney closes, the remaining stand-alone entity Fox Corp. begins trading today and has announced new members of its board of directors...
CBS has settled a shareholder lawsuit that claimed chairman emeritus Sumner Redstone received millions in compensation despite the fact his health had deteriorated and he was no longer able to attend to regular company business...
The studio nominated former U.S. Ambassador to Austria Susan McCaw and a former Starz director, Daniel Sanchez, who is the nephew of billionaire investor John Malone...
Investors supported a number of stockholder proposals that would give investors a role in the nomination of directors and the ability to make changes with a simple majority vote. “The voice of shareholders is being ignored and has been ignored for many years,” said James McRitchie, publisher of a popular corporate governance portal CorpGov.Net. “Once again, let’s send a message to the board...
CBS Chairman and CEO Leslie Moonves brought in a compensation package totaling $69.3 million last year, a modest drop from his 2016 haul of $69.6 million, according to a filing with the Securities and Exchange Commission...