Warren Buffett’s company plans to hold its annual shareholders meeting that used to routinely attract more than 40,000 people in person this spring for the first time since the pandemic began...
Could a selfie sink a $4 billion deal? Angry shareholders are questioning whether an unpopular software merger amounts to a sweetheart deal between two CEO buddies — and they’re pointing to a smiling selfie that the pair posted together on Twitter, On The Money has learned...
The revolving door between Washington and Wall Street always stirs passionate objections from progressive good-governance groups — except, it appears, when it involves corporate wokeism. For proof, all you need to do is unpack the Biden administration’s so-called Environmental Social Governance agenda and its ties to BlackRock , the world’s biggest money-management company headed by Larry Fink, which manages more than $9 trillion in assets...
Activision Blizzard Chief Executive Officer Bobby Kotick has asked the company’s board to reduce his total compensation to $62,500, at a time when the owner of the “Call of Duty” franchise is battling claims over sexual harassment and discrimination at its workplace...
Luckin Coffee reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue...
An activist hedge fund that took a stake in Macy’s is is pushing the department-store giant to follow its upscale rival Saks Fifth Avenue’s online playbook, The Post has learned. In March, Saks separated its bricks-and-mortar business from its online division , with the latter becoming a new private company controlled by Saks whose value has exploded as demand for online luxury goods has boomed during the pandemic...
Hedge fund Elliott Management said it has built a stake in troubled Japanese industrial conglomerate Toshiba, which is undertaking a strategic review amid pressure from other shareholders. Elliott, one of the world’s most powerful activist investors, which oversees some $48 billion in assets, said in a statement to Reuters it is now a “significant” investor in Toshiba...
Capital One Chief Executive Officer Richard Fairbank was hit with a $637,950 civil penalty to settle charges he broke US antitrust laws when he failed to report stock compensation in 2018, the Federal Trade Commission said on Thursday...
The head of the board of directors of Ben & Jerry’s is accused of alleged self-dealing, doling out tens of thousands in cash from the controversial ice cream company’s foundation to fund her own pro-Palestinian non-profit, according to a watchdog complaint to the IRS...
Tesla CEO Elon Musk received almost $6.7 billion in compensation in 2020 — earning the tech entrepreneur over 11 times more than the country’s next highest-paid chief executive, a recent analysis found...
The main pension fund for New York’s state government workers and retirees warned Ben & Jerry’s parent company, Unilever, on Friday that it might restrict its investments in the company because of the ice cream maker’s decision to halt sales in Israeli-occupied territories...
A group of activist investors seeking to wrest control of Martin Shkreli’s pharmaceutical company failed miserably this week — with the “Pharma Bro” voting his shares from prison...
Long Island University president’s pay puts her near the top in nation The head of unprofitable data analytics company Palantir has become one of the highest-paid executives in history, raking in more than $1.1 billion in total compensation last year...
A hedge fund that’s looking to shake up the board at TV-broadcasting giant Tegna is pointing to allegations of sex discrimination and racial bias across the company, including accusations detailed in a trio of explosive lawsuits...
Leon Black may have maneuvered to enhance his clout on the board of Apollo Global Management ahead of a surprise Jan. 25 announcement that he was stepping down as CEO amid controversy over his ties to Jeffrey Epstein, The Post has learned...
Goldman Sachs’ CEO has a private-jet habit — and critics say it’s flying in the face of his harsh words for staffers who work from home...
In March of 2017, Jeff Immelt was in his 16th year as CEO of General Electric and — at least in his head — he was remaking the iconic conglomerate into the very model of the modern industrial company. He was expanding the old — GE’s historic footprint in power and aviation — while embracing a new world of clean energy and software analytics...
Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector...
Billionaire Paul Singer is about to become the latest snowbird of prey to fly out of New York City. The relentless activist investor — who lately has rattled cages at Twitter and AT&T, and who famously locked horns with the government of Argentina — is moving the headquarters of his $41 billion hedge fund Elliott Management to Florida...
Wells Fargo chief executive Charles Scharf exasperated some black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters. He also made the assertion in a company-wide memo June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd , an unarmed African American man, in police custody...
If you work for Larry Fink, he really wants to know who you’re hooking up with. Fink, the voluble chief executive of BlackRock — the world’s largest money manager — recently “updated” his company’s dating policy. In the past, employees were on notice to tell HR anytime they had a romantic relationship with another employee, an understandable but intrusive part of corporate life in the era of #MeToo...
Pershing Square Tontine Holdings, the blank check company backed by billionaire investor Bill Ackman , has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever IPO by a special purpose acquisition company, or SPAC. The firm plans to go public with 200 million units at $20 each, according to a regulatory filing on Monday. A SPAC uses IPO proceeds and borrowed funds to acquire a company, typically within two years...
With the economy slowly bouncing back from coronavirus quarantines, Wall Street bonus season is shaping up to be less of a nightmare and more of a very bad dream. The latest survey by compensation consultant Johnson Associates predicts that financial services pay will be slashed by 15 percent to 20 percent in 2020 — a vast improvement from the 30 percent cuts the same survey predicted in mid-May . “We’ve dug halfway out of the hole,” the report’s author, Alan Johnson, told The Post...
A billionaire activist investor declared that “Elizabeth Warren is right” as he left the helm of his giant hedge fund to focus on environmental and social-impact investing. Jeffrey Ubben — a corporate cage-rattler who has prodded for change at behemoths including Microsoft, BP and Nintendo — said he is leaving his $16 billion hedge fund, ValueAct Capital , to start a new fund that’s more socially conscious...