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    1. AT&T is One Step Closer to Buying DirecTV for $48.5 Billion

      AT&T is One Step Closer to Buying DirecTV for $48.5 Billion

      NEW YORK (AP) — The head of the Federal Communications Commission has recommended approving AT&T's $48.5 billion purchase of DirecTV. The deal would create the country's largest provider of cable or satellite TV. FCC Chairman Tom Wheeler said in a statement Tuesday that he approved the deal with certain conditions. The other four commissioners still have to vote on the proposal. The Department of Justice approved the deal, saying Tuesday that it doesn't "pose a significant risk to competition...

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    2. Ferrari CEO Amedeo Felisa is Rumored to Have Stepped Down

      Ferrari CEO Amedeo Felisa is Rumored to Have Stepped Down

      Reports out of Italy are claiming there may be yet another changing of the guard over at Ferrari. Though yet to be confirmed by the Italian sports car manufacturer and motorsports team, Formula Passion (via Autoblog.it) reports that current Ferrari CEO Amedeo Felisa has resigned. No reason for the alleged move was mentioned. When contacted by Autocar, a Ferrari spokesperson only stated that the company does not comment on speculation or rumor. Ferrari is at a critical juncture right now...

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      Mentions: CEO
    3. McDonald's Culture 'Has To Be Turned Upside Down'

      McDonald's Culture 'Has To Be Turned Upside Down'

      Activist titans Nelson Peltz of Trian Fund Management and Bill Ackman of Pershing Square weighed in on how to fix McDonald's. The largest global fast-food chain has struggled in recent years, especially in the US. At the CNBC/Institutional Investor Delivering Alpha Conference, "Mad Money" host Jim Cramer asked the two hedge fund billionaires if they could fix McDonald's...

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    4. The Hedge Fund Manager Behind the Epic Olive Garden Presentation is Going after Macy's and the Stock Just Jumped

      The Hedge Fund Manager Behind the Epic Olive Garden Presentation is Going after Macy's and the Stock Just Jumped

      Starboard Value's Jeff Smith recommended Macy's at the CNBC/Institutional Investor's Delivering Alpha Conference at the Pierre Hotel in New York City. This is the first time the activist investor is disclosing the position. The stock jumped more than 4.8% after Smith announced the position. Smith thinks Macy's is undervalued. He pointed out that the retailer's stock currently trades around $66 per share. Smith thinks it's worth in excess of $125 per share...

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      Mentions: Hedge Fund SunTrust
    5. The Most 'Interesting' Investment in Bill Ackman's Portfolio That 'No One's Really Noticed'

      The Most 'Interesting' Investment in Bill Ackman's Portfolio That 'No One's Really Noticed'

      Activist investor Bill Ackman, the CEO of $18 billion Pershing Square Capital Management, said the most interesting investment in his portfolio right now are mortgage originators Fannie Mae and Freddie Mac. The 49-year-old activist investor was on a panel his friend and fellow activist investor Nelson Peltz, the CEO of Trian Fund Management at the CNBC/Institutional Investor Delivering Alpha Conference at the Pierre Hotel in New York...

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    6. Unilever in Search for New Chairman

      Unilever in Search for New Chairman

      (Reuters) - Anglo-Dutch consumer products group Unilever is searching for a new chairman to replace Michael Treschow, who has been in the job since 2007, Sky News reported on Sunday. The company, whose products range from Dove soap to Lipton tea and Hellmann's mayonnaise to Klondike ice cream, has hired headhunter Russell Reynolds Associates to find a successor to Treschow, the multimedia news website said...

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      Mentions: SunTrust
    7. Former Tencent Employees, Including Alibaba Exec, Held in China Graft Probe

      Former Tencent Employees, Including Alibaba Exec, Held in China Graft Probe

      BEIJING/BENGALURU (Reuters) - Chinese authorities have detained about half a dozen former employees of Tencent Holdings Ltd for alleged corruption and bribery, as well as a current Alibaba Group Holding Ltd executive, the two companies said. Amid a continuing crackdown on corruption by Chinese President Xi Jinping, Tencent said in a statement on Friday "five or six" people were detained, including two surnamed Zhang and Yue...

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      Mentions: Compliance
    8. China Bars 'Big' Shareholders From Selling: Regulator

      China Bars 'Big' Shareholders From Selling: Regulator

      Shanghai (AFP) - China's market regulator has barred major shareholders and executives of listed companies from selling their shares for the next six months, it said in a statement, the latest government action to stem a slide in the markets. The move aimed to "maintain stability of the capital market and earnestly protect investors' legal rights", the China Securities Regulatory Commission (CSRC) said on its verified microblog late Wednesday...

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      Mentions: Investors SunTrust
    9. Barclays Axes CEO Jenkins to Accelerate Strategic Change

      Barclays Axes CEO Jenkins to Accelerate Strategic Change

      LONDON (Reuters) - British lender Barclays has ousted Chief Executive Antony Jenkins after three years in the post, saying on Wednesday it had decided new blood would help accelerate strategic change at the bank and boost shareholder returns. Shares in the bank jumped in early trade and were up 2.6 percent at 258.80 pence by 0735 GMT. The surprise move comes weeks after John McFarlane took over as chairman of the bank and signaled his intention to speed up its turnaround plan...

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      Mentions: CEO SunTrust
    10. Twitter's Revenue Boss Adam Bain is the Board's Top Candidate for Next CEO

      Twitter's Revenue Boss Adam Bain is the Board's Top Candidate for Next CEO

      Twitter’s board is leaning towards picking an insider to be the company's next CEO, and the company's revenue boss Adam Bain is under more serious consideration than anyone on the very short list of outsiders, according to a person familiar with the matter. Bain is the “number one candidate that the board is focused on right now,” this person said...

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      Mentions: CEO
    11. CEOs Love Share Buybacks for the Most Obvious Reason in The World

      CEOs Love Share Buybacks for the Most Obvious Reason in The World

      BlackRock CEO Larry Fink wrote to the chief executives of all the S&P 500 companies in April asking them to lay off on stock buybacks and dividend payouts, he ignited a debate about shareholder value. Now, it's easy to point to activist investors as the villains who force boards to return cash to shareholders at the risk of damaging companies' long-term development. But activists are not the only ones pushing for heightened returns...

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    12. The Hedge Fund Manager Battling the Samsung Dynasty is Getting Creamed

      The Hedge Fund Manager Battling the Samsung Dynasty is Getting Creamed

      Paul Singer isn't that used to this. In his war with Samsung's Lee dynasty over the sale of one piece of their $270 billion empire, the American hedge fund manager has now lost two important battles. And he may now only have one card to play. Singer is fighting to block the sale of construction firm Samsung C&T, of which he owns 7%. He believes the sale price is too low...

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    13. LinkedIn CEO Jeff Weiner Describes 3 Qualities That Make a Great Leader

      LinkedIn CEO Jeff Weiner Describes 3 Qualities That Make a Great Leader

      Since becoming CEO in 2009, Jeff Weiner has led LinkedIn to become a network of 364 million registered users with offices in 30 countries and a market cap of $26 billion. Weiner's leadership style has earned him the trust of founder and chairman Reid Hoffman, his team, and LinkedIn investors. Glassdoor named him the highest-rated CEO of 2014. Earlier this year, Weiner spoke at the Wisdom 2.0 conference in San Francisco, where he explained how he understands his role as a leader...

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    14. Heinz Completes Kraft Purchase, Buffett Joins Board

      Heinz Completes Kraft Purchase, Buffett Joins Board

      (Reuters) - H.J. Heinz Co on Thursday completed its purchase of Kraft Foods Group Inc , creating the third largest food and beverage company in North America and fifth largest worldwide. The new company, Kraft Heinz Co, will have roughly $28 billion of annual revenue from brands such as Oscar Mayer, Philadelphia, Velveeta, Maxwell House, Ore-Ida and Jell-O, as well as Kraft cheese and Heinz ketchup...

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      Mentions: SunTrust
    15. Investors Tell Court They Were Shortchanged $1 Billion in Dole Deal

      Investors Tell Court They Were Shortchanged $1 Billion in Dole Deal

      WILMINGTON, Del (Reuters) - Former shareholders of Dole Food Co pressed a Delaware judge on Thursday to award them a judgment of more than $1 billion for what they claim was a lowball buyout of the company in 2013 by its chief executive, David Murdock. If Court of Chancery Judge Travis Laster adopts the shareholders reasoning, it could result in one of the largest judgments in a lawsuit over a buyout deal...

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      Mentions: Investors SunTrust
    16. It's a $28.3 Billion Insurance Mega Deal

      It's a $28.3 Billion Insurance Mega Deal

      The boards of both companies have agreed to the deal that will see Chubb shareholders receive $62.93 per share in cash and 0.6019 in Ace shares. Chubb shares closed at $95.14 on Tuesday, and so the deal is about a 30% premium to that price. Ace's stock closed at $101.68 per share. Ace shareholders will own about 70% of the new company. In premarket trading, Chubb shares jumped by up to 35%, and Ace rallied by up to 11%...

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      Mentions: CEO SunTrust
    17. One of Goldman Sachs' Most Important M&A Execs is Leaving the Bank

      One of Goldman Sachs' Most Important M&A Execs is Leaving the Bank

      Jack Levy is leaving Goldman Sachs after spending 15 years as an investment banker there. Levy worked on Goldman's M&A team. He was one of four cochairmen of the practice. The others — Paul Parker, Tim Ingrassia, and Gene Sykes — remain with the bank. It isn't clear what will come next for Levy, who is 61. The news was reported earlier in the day by The Wall Street Journal. Before joining Goldman, Levy spent more than 20 years working for Merrill Lynch...

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    18. American Apparel Details Allegations of Sexual Misconduct By Ousted CEO

      American Apparel Details Allegations of Sexual Misconduct By Ousted CEO

      LOS ANGELES (Reuters) - Clothing company American Apparel Inc has accused ousted founder Dov Charney of using ethnic slurs against workers and keeping videos on a company server of himself in sex acts with models and employees, recently filed court papers show. American Apparel's board of directors suspended Charney as CEO a year ago, citing his misuse of company funds, violation of company policy and misuse of corporate assets, and in December the board terminated him...

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      Mentions: CEO SunTrust
    19. Nissan Says Paid CEO Ghosn $8.4 Million Last Year

      Nissan Says Paid CEO Ghosn $8.4 Million Last Year

      YOKOHAMA, Japan (Reuters) - Nissan Motor Co , Japan's second-biggest automaker, said on Tuesday it paid Chief Executive Carlos Ghosn 1.035 billion yen ($8.39 million) last business year, up 4 percent from the previous year. Ghosn, one of the highest-paid CEOs in Japan, received 995 million yen in compensation in the year ended March 2014. Ghosn is also CEO of Nissan's alliance partner, Renault SA , which paid him 7.2 million euros ($8.17 million) in 2014...

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      Mentions: stock options CEO
    20. SoftBank Paid $135M to Former Google Exec Arora: Reports

      SoftBank Paid $135M to Former Google Exec Arora: Reports

      Tokyo (AFP) - Japan's telecom carrier SoftBank paid vice president and ex-Google executive Nikesh Arora a whopping $135 million in the year to March, reports said Saturday. The amount included a one-time, sign-on bonus for the Indian-born 47-year-old, according to the Nikkei business daily and the Asahi Shimbun. Arora gave up his high-profile post at the Internet search giant to join the Japanese firm in October last year...

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    21. Office Depot Shareholders Agree to Staples Buyout Offer

      Office Depot Shareholders Agree to Staples Buyout Offer

      (Reuters) - Office supply retailer Office Depot Inc said its shareholders voted in favor of the $6.3 billion buyout offer from larger rival Staples Inc The shareholders approval is yet another step in the creation of an office supply megastore, set to be the largest in the United States. Office Depot said 99.5 percent of the votes cast were in favor of the deal, which was announced in February...

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      Mentions: SunTrust
    22. The Hedge Fund Battling Samsung Just Put out This Presentation on Where the Company's Going Wrong

      The Hedge Fund Battling Samsung Just Put out This Presentation on Where the Company's Going Wrong

      Billionaire investor Paul Singer is at war with the Samsung dynasty, and on Thursday he released a slide deck laying out his grievances with the Lee family's attempt to merge Samsung C&T into their larger holding company, Cheil Industries. "Elliott continues to view the terms of the proposed takeover as unfair, unlawful, and significantly damaging to the interests of Samsung C&T shareholders," Paul Singer's hedge fund, Elliott Management, said in a statement...

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