1. Articles from reuters.com

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    1. Carlyle Agrees to Pay Ex-CEO Lee $3.3 MLN as Severance Payment

      Carlyle Agrees to Pay Ex-CEO Lee $3.3 MLN as Severance Payment

      Carlyle Group Inc (CG.O) has agreed to make $3.34 million in severance payments to its former chief executive Kewsong Lee, as part of an agreement that brings to a formal end his tenure at the helm of the private equity firm, regulatory filings showed on Tuesday. In August, Lee abruptly stepped down as Carlyle CEO after its board, controlled by the group's founders, unexpectedly declined to renew his contract, which was set to expire at the year's end...

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    2. How Corporate Chiefs Dodge Lawsuits Over Sexual Abuse and Deadly Products

      How Corporate Chiefs Dodge Lawsuits Over Sexual Abuse and Deadly Products

      Hollywood producer Harvey Weinstein’s rape conviction landed him in prison. Allegations of serial sexual abuse cost him his career and his movie studio. His company went bankrupt and later settled legal claims by about 50 women. But one group of wealthy insiders walked away relatively unscathed — the Weinstein Company’s board of directors...

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    3. Kroger Strikes $25 Billion Deal for Albertsons to Create Supermarket Titan

      Kroger Strikes $25 Billion Deal for Albertsons to Create Supermarket Titan

      U.S. grocer Kroger Co (KR.N) said on Friday it will buy smaller rival Albertsons Companies Inc (ACI.N) in a $24.6 billion deal, creating a supermarket behemoth to take on leader Walmart Inc (WMT.N). Kroger will pay $34.10 for each Albertsons share, representing a premium of about 33% to the stock's closing price on Wednesday, a day before media reports emerged of a deal between the two...

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    4. Icahn had Twitter Stake Worth Over $500 mln Before Musk's About-Face - WSJ

      Icahn had Twitter Stake Worth Over $500 mln Before Musk's About-Face - WSJ

      Activist investor Carl Icahn amassed a Twitter (TWTR.N) stake worth more than $500 million in the past few months and made a sizable profit on Tuesday after Elon Musk proposed to go ahead with his takeover of the social media platform, the Wall Street Journal reported. Twitter shares jumped more than 22% to end at $52.00 on Tuesday after a securities filing showed Musk intends to go ahead with his April offer of $44 billion to take the company private, signaling an end to a legal battle that could have forced Musk to pay up...

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    5. Former Tesla Executive Joins Board of Rival Automaker GM

      Former Tesla Executive Joins Board of Rival Automaker GM

      A former Tesla (TSLA.O) senior executive and chief operating officer at ride hailing company Lyft (LYFT.O) is joining General Motors (GM.N) board of directors. The largest U.S. automaker said in statement on Tuesday Jonathan McNeill, 55, the co-founder and CEO of venture firm DVx Ventures has joined its board. McNeill joined Tesla in 2015 where he was president, global sales, delivery and service and in 2017, McNeill assumed responsibility for government relations before he left in 2018 to join Lyft...

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    6. Activist investor Elliott Raises Swedish Match Stake

      Activist investor Elliott Raises Swedish Match Stake

      Elliott Management Corp has raised its stake in Swedish Match (SWMA.ST) to 7.25% from 5.5%, the activist investor said in a disclosure Friday, putting pressure on Marlboro-maker Philip Morris International (PM.N) to raise its bid for the group. Philip Morris in May offered to buy the Stockholm-based maker of Zyn in a $16 billion bet on the fast-growing market for cigarette alternatives...

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    7. Tesla Adds Billionaire Airbnb Co-Founder Gebbia to Board

      Tesla Adds Billionaire Airbnb Co-Founder Gebbia to Board

      Tesla Inc (TSLA.O) said on Wednesday that Airbnb Inc (ABNB.O) co-founder Joseph Gebbia has joined the electric vehicle maker's board, reversing a move to trim the number of directors at the world's most valuable carmaker. Tesla said in June it planned to have just seven board seats after the departure of Oracle Inc co-founder Larry Ellison in August, sparking criticism from a shareholder body over a lack of independent board members...

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    8. Climate Pay Links for CEOs Do Little to Cut Emissions, Study Finds

      Climate Pay Links for CEOs Do Little to Cut Emissions, Study Finds

      More big U.S. companies have tied their CEO pay to climate goals but few give executives much incentive to make significant emissions cuts, a new study shows. In the study, to be released on Thursday, activist group As You Sow examined pay disclosures from 47 large U.S. emitters and found only one, electric utility Xcel Energy Inc (XEL.O), gave its CEO a goal tied to measurable cuts in greenhouse gas emissions...

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    9. ByteDance Plans for Maximum of Nine Board Directors -Source

      ByteDance Plans for Maximum of Nine Board Directors -Source

      TikTok owner ByteDance will expand its board of directors to a maximum of nine, a person with direct knowledge of the matter said on Wednesday, as the company faces regulatory pressure globally. Shareholders approved the move at an investor meeting on Tuesday, boosting the figure from the previous maximum of five, added the source, who sought anonymity as the information was confidential...

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    10. Judge Nixes Lead Plaintiff in Credit Suisse Fraud Case. Are Shareholders Better Off?

      Judge Nixes Lead Plaintiff in Credit Suisse Fraud Case. Are Shareholders Better Off?

      A federal magistrate judge in Brooklyn refused this week to appoint the only Credit Suisse Group AG shareholder who sought to lead a securities class action alleging that the bank failed to warn investors about the risk of its portfolio of loans to Russian oligarchs. The plaintiffs' firm that filed the case, Pomerantz, has said that the class action will probably now have to be dismissed...

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