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    1. The SEC is Accusing a Startup Founder of Stealing $48 Million from Investors to Fund Private Jets and a Dairy Cow Farm

      The SEC is Accusing a Startup Founder of Stealing $48 Million from Investors to Fund Private Jets and a Dairy Cow Farm
      • Mozido founder Michael Liberty has been charged with allegedly scheming to defraud investors and misappropriating funds, according to the Securities and Exchange Commission.
      • Liberty, along with his wife and several associates, allegedly raised $55 million from investors using fictitious financial information and shell companies...
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      Mentions: Investors SEC Hess
    2. Deutsche Bank Wants to Add the Former CEO of Merrill Lynch to its Board

      Deutsche Bank Wants to Add the Former CEO of Merrill Lynch to its Board

      Reuters/ Shannon Stapleton

      • Former Merrill Lynch CEO John Thain is being nominated to the supervisory board of Deutsche Bank.
      • Deutsche Bank announced two other new nominees, Mayree Clark, founder and managing partner of Eachwin Capital, and Michele Trogni, previously group chief information officer at UBS .

      FRANKFURT (Reuters) - Former Merrill Lynch CEO John Thain is being nominated to the supervisory board of Deutsche Bank , Germany's largest lender said on Wednesday...

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    3. LongFin is under investigation — but investors aren't giving up yet

      LongFin is under investigation — but investors aren't giving up yet

      Longfin

      • Shares of Longfin (LFIN) dropped 17% Monday to $14.31.
      • LFIN was removed last week from Russell indexes, including the Russell 2000.
      • Several law firms have opened investigations into Longfin for violating federal securities laws.

      It’ll take many more sell-offs and the collapse of many more iffy stocks before this hyper-enthusiasm, after nine years of central bank nurturing, is finally wrung out of the market.

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      Mentions: Investors CEO SEC
    4. Spotify Investor Lakestar won't be Selling its Shares — and Thinks it Should be a $100 Billion Company

      Spotify Investor Lakestar won't be Selling its Shares — and Thinks it Should be a $100 Billion Company
      • Music streaming company Spotify will go public today via a direct listing — meaning it won't issue new stock but will allow insiders to sell shares on the public market.
      • Small shareholder and early investor Lakestar will not be selling its shares.
      • Lakestar founder and CEO Klaus Hommels said he thinks Spotify can be a $100 billion company with 700 million subscribers...
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      Mentions: CEO SEC Amazon
    5. Mark Zuckerberg Should Quit as Facebook Chairman, According to Shareholder with a $1 Billion Stake

      Mark Zuckerberg Should Quit as Facebook Chairman, According to Shareholder with a $1 Billion Stake
      • Head of New York City's pension fund investments thinks Mark Zuckerberg should step down as chairman of Facebook.
      • It's not going to happen — Zuckerberg owns a controlling stake of Facebook stock.
      • But the call shows the level of investor anger at Zuckerberg's handling of the data privacy crisis...
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      Mentions: CEO crisis Facebook
    6. Judge Refuses to Dismiss a Shareholder Class-Action Suit Against Elon Musk and Tesla's Board

      Judge Refuses to Dismiss a Shareholder Class-Action Suit Against Elon Musk and Tesla's Board

      Tesla shareholders scored a small victory in their lawsuit against CEO Elon Musk and Tesla's board on Wednesday.

      • A judge refused to dismiss a lawsuit stemming from the electric-car maker's 2016 acquisition of the energy company, SolarCity, allowing the case to move forward.
      • Shareholders in the class-action claim are accusing Musk and the board of failing to act in their best interest in connection with the $2.6 billion SolarCity deal.
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      Mentions: CEO Tesla acquisition
    7. 'Dysfunctional' Deutsche Bank is Preparing to Oust CEO John Cryan

      'Dysfunctional' Deutsche Bank is Preparing to Oust CEO John Cryan

      REUTERS/Kai Pfaffenbach

      • Deutsche Bank COO Kim Hammonds told a conference that the bank is the "most dysfunctional" company she has ever worked for.
      • Hammonds made the comments at an internal managerial conference.
      • Her comments come as it is reported that chairman, Paul Achleitner is preparing to oust CEO John Cryan after a clash over strategy...
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    8. There are 2 ways America's Biggest Companies Dole out Cash to Shareholders — and one is way better than the other

      There are 2 ways America's Biggest Companies Dole out Cash to Shareholders — and one is way better than the other

      REUTERS

      • Companies that consistently buyback their shares outperform those that regularly pay dividends, according to Citi's Tobias Levkovich.
      • Buybacks have helped support stocks at times when mutual funds and other large investors backed off.
      • Critics of buybacks say that they're often done solely to meet Wall Street's earnings-per-share estimates and help company executives earn bonuses tied to stock performance...
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    9. Citi Identifies the More Rewarding of the 2 Ways America's Biggest Companies Dole Out Cash to Shareholders

      Citi Identifies the More Rewarding of the 2 Ways America's Biggest Companies Dole Out Cash to Shareholders

      REUTERS

      • Companies that consistently buyback their shares outperform those that regularly pay dividends, according to Citi's Tobias Levkovich.
      • Buybacks have helped support stocks at times when mutual funds and other large investors backed off.
      • Critics of buybacks say that they're often done solely to meet Wall Street's earnings-per-share estimates and help company executives earn bonuses tied to stock performance...
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    10. UBS Chairman Axel Weber Tells us the Main Difference Between his Careers in Academia and Banking

      UBS Chairman Axel Weber Tells us the Main Difference Between his Careers in Academia and Banking
      • UBS chairman Axel Weber talks to Business Insider about his career.
      • Weber says he misses the "regular interaction" with people at the start of their careers he had as an academic and has to make time to meet younger employees.
      • Weber says he moved on from academia after 20 years to learn new things.
      • You can read the first part of Business Insider's interview with Weber here.

      ZURICH, Switzerland — Axel Weber, chairman of Swiss bank UBS, has seen it all...

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      Mentions: crisis UBS blockchain
    11. Tesla Shareholders Have Approved Elon Musk's Massive New Pay Package (TSLA)

      Tesla Shareholders Have Approved Elon Musk's Massive New Pay Package (TSLA)
      • Tesla's shareholders have approved CEO Elon Musk's 10-year compensation package.
      • If Musk meets his targets, Tesla's market cap would rise to $650 billion.
      • The company is worth around $55 billion now and is struggling to meet production goals for the Model 3 mass-market vehicle.

      Tesla shareholders have approved CEO Elon Musk's massive new 10-year compensation package.

      A Tesla spokesperson confirmed the result after a shareholder vote on Wednesday...

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    12. A Facebook Shareholder Launched a Lawsuit Against the Social Network over the Cambridge Analytica Scandal

      A Facebook Shareholder Launched a Lawsuit Against the Social Network over the Cambridge Analytica Scandal
      • A Facebook shareholder is suing the company for allegedly misleading investors. The suit is seeking class action status.
      • The investor claims that since Facebook did not inform shareholders about the Cambridge Analytica data scandal, the company omitted facts that have led to a decline in Facebook's value.
      • Facebook has lost about $50 billion in market value since the scandal broke on Saturday...
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      Mentions: Investors CEO UK
    13. Spotify's CEO Daniel Ek Can Sell Shares Worth as Much as $2 Billion in the Company's IPO

      Spotify's CEO Daniel Ek Can Sell Shares Worth as Much as $2 Billion in the Company's IPO
      • Spotify CEO Daniel Ek is eligible to sell 15.8 million shares of the company, an amount worth up to $2 billion.
      • The news follows Spotify's unusual public listing announcement of allowing its employees and investors to sell company shares without raising capital or underwriting the offering.
      • The direct listing doesn't obligate Ek to sell, and he has yet to state his intentions to do so...
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      Mentions: Investors CEO IPO
    14. The Weinstein Company Files for Bankruptcy

      The Weinstein Company Files for Bankruptcy

      REUTERS/Steve Crisp

      • US film and TV studio The Weinstein Company has filed for bankruptcy.
      • The company, cofounded by Harvey Weinstein who dozens of women have accused of varying degree of sexual misconduct, says it has a stalking horse bid for its assets from the private equity firm Lantern Capital.
      • The filing comes on the same day that New York Gov. Andrew Cuomo ordered the state attorney general to investigate how the Manhattan district attorney handled allegations against Weinstein...
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    15. Facebook’s Stock Structure Gives Mark Zuckerberg a Blank Check — Investors Were OK with that, But the World Can’t Afford to Be

      Facebook’s Stock Structure Gives Mark Zuckerberg a Blank Check — Investors Were OK with that, But the World Can’t Afford to Be
      • Facebook is under scrutiny for how it handled its knowledge that Cambridge Analytica illicitly collected data on 50 million of its users.
      • In the wake of the news, Facebook's stock plunged 7% amid worries that it was practically inviting Congress to step in and regulate its network.
      • This scandal, along with the news that Russian-linked groups exploited Facebook's network to try to influence the 2016 election, might have other CEOs worried about their jobs...
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    16. Michael Bloomberg Says Too Many American CEOs are Failing Shareholders in a key Way

      Michael Bloomberg Says Too Many American CEOs are Failing Shareholders in a key Way
      • In addition to overseeing his media business, Michael Bloomberg has been a climate-related activist since leaving his role as New York City mayor.
      • Bloomberg spoke at the CECP's CEO Investor Forum in February, dedicated to finding fixes to what its board considers to be toxic short-termism among public American companies.
      • He said that CEOs of public companies should consider climate change as a financial issue, and that the burden is on them to convince investors of their long-term plans...
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    17. An Activist Investment Fund Just Became One of Barclays' Biggest Shareholders — and it Could Signal Big Changes

      An Activist Investment Fund Just Became One of Barclays' Biggest Shareholders — and it Could Signal Big Changes
      • Sherborne, an investment vehicle headed up by renowned activist investor Edward Bramson, has acquired a stake of more than 5% in Barclays.
      • Sherborne is now Barclays' fourth-largest shareholder.
      • Only Capital Group, the Qatar Investment Authority, and BlackRock have larger stakes.
      • The investment comes just a few weeks after Barclays revealed a lacklustre set of annual results for the 2017 financial year...
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    18. Top Nike Exec Resigns Amid Investigation into Alleged Improper Behavior by Employees

      Top Nike Exec Resigns Amid Investigation into Alleged Improper Behavior by Employees

      Reuters/Beck Diefenbach

      • Trevor Edwards, Nike's brand president, has resigned effective immediately.
      • The resignation comes amid a probe by the company into alleged improper behavior at the company by employees, though the nature of the behavior is unclear.
      • Edwards was seen as a possible successor to CEO Mark Parker...
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      Mentions: CEO Wall Street Nike
    19. Qualcomm's Ex-Chairman is Trying to Buy the Company with Help From Investors at SoftBank

      Qualcomm's Ex-Chairman is Trying to Buy the Company with Help From Investors at SoftBank
      • Paul Jacobs, the recent chairman of Qualcomm is looking to buyout the company, according to the Financial Times.
      • This news comes four days after President Trump blocked Qualcomm's acquisition by Broadcom on the grounds of national security. Broadcom officially withdrew its offer on Wednesday.
      • Jacobs has spoken with several global investors about acquiring the company, including SoftBank...
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    20. Unilever's CEO Says That in 9 Years, No Investor has Asked him the Questions He's Waiting to Hear

      Unilever's CEO Says That in 9 Years, No Investor has Asked him the Questions He's Waiting to Hear

      Ruben Sprich/Reuters

      • Unilever CEO Paul Polman spoke at the CECP's CEO Investor Forum in February about the need for prioritizing long-term value.
      • He said that while he's seen progress over the last decade, he has yet to have an investor ask him on an earnings call about topics like sustainability or diversity.
      • He said his 10-year plan has been for the purpose of keeping Unilever healthy and relevant for years to come.
      • This post is part of Business Insider's ongoing series on Better Capitalism...
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