It appears Twitter’s board of directors finally warmed to Elon Musk’s hostile bid and agreed to a sale—but not before it took a severe beating from the Tesla and SpaceX billionaire, Twitter founder Jack Dorsey, and other prominent users on their own social network...
Investors in Costco are mad as hell about the company being a laggard on climate change , and they’re not going to take it anymore. That was the message the retail giant’s shareholders sent on Jan. 27, when 70% of them voted to call on the company to set a strategy for eliminating carbon emissions from its value chain by 2050. According to investor advocacy group Ceres, it was the first time for such a net-zero proposal to pass at any company...
Future of finance reporter October 7, 2020 The debate over shareholder versus stakeholder capitalism has been going on for decades, and it has been especially fraught in recent years. Proponents of shareholder capitalism say corporations have one purpose—to make as much money as possible for their shareholders—and that attempting to do anything else would backfire ...
... (pdf) from Stanford University's Rock Center for Corporate Governance . ... Former Reddit CEO Ellen Pao, who attempted to reform the company's ...
Co-working giant WeWork came under fire recently when it filed to go public with a board of directors that doesn't include a single woman...
In short order, Geisha Williams stepped down as both CEO and board member, followed by five other directors . When reconstituted, the board will ...
Its rise from corporate afterthought to critical role was heralded with Tesla's appointment of Kathleen Wilson-Thompson to its board of directors on Dec...
He will remain on the company's board of directors till 2020. Here's the letter he sent customers, employees (“Aliren”), and shareholders, explaining ...
After four months immersed in the muck of Uber’s corporate culture, former US attorney general Eric Holder and his colleagues issued a list of recommendations for the beleaguered ride-share company Tuesday (June 13)...
Hedge fund managers are rarely the quiet, retiring type, but few are as boldly bare-knuckled as Paul Singer, the founder of Elliott Management. Singer, who took home $400 million last year, makes his fortune through activist investing...
Change your edition back to menu SEE-YA EO More CEOs than ever are getting fired for ethical lapses Written by VW‘s Martin Winterkorn faces the music. (Reuters/Hannibal Hanschke) Share Oliver Staley May 16, 2017 The number of CEOs fired for ethical lapses has climbed dramatically over the last decade, according to PwC, the accounting and consulting firm that compiled the data .
The rush to appoint board members with accounting experience after the 2002 Sarbanes-Oxley Act offers some parallels. Since 2003, the number of S&P 500 boards with a financial expert has risen from 21% to 100% . Technology board members decades younger than their colleagues may become the norm...
When women and members of minority groups are on boards, they bring different perspectives and add insights that might be overlooked by a homogenous group. There’s evidence that women and minorities on boards correlates with improved corporate performance, although a causal link hasn’t been established. But what about political diversity? Is there a value to having board members whose ideological views differ from the rest of the board, or the stated ethos of the company ...
From back-office accountant to front-line executive, the rapid rise of the chief financial officer is unrivalled by any other corporate role. With access to every facet of the business, CFOs now wield a level of influence matched only by chief ...