London-listed Nigerian oil company Lekoil’s shareholders will vote on Friday on an investor’s bid to add three members to the company’s board, in the culmination of a bitter dispute between its founder and its biggest shareholder...
BOSTON (Reuters) - Some investors including William Ackman and Glenn Welling, who push corporations to perform better, posted record-breaking returns in 2020 when activist investors generally backed off demands during a year marked by wild and unexpected business conditions...
HOUSTON (Reuters) -Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up to $20 billion asset writedown...
TOKYO (Reuters) - A Japanese government adviser told the Harvard University endowment fund that its vote at Toshiba Corp’s annual shareholders meeting could be subject to a regulatory probe should it vote against the firm’s management, four sources said...
LONDON (Reuters Breakingviews) - Governments are the new activist investors. Not unlike the financial crisis, the pandemic liberated states to get more involved in the private sector...
BOSTON (Reuters) - AECOM on Tuesday announced plans for more new directors to join its board, prompting praise from activist investor Starboard Value which had been pushing for changes...
(Reuters) - Goldman Sachs has failed to persuade former president Gary Cohn to return over $10 million he received in pay, as part of the bank’s effort to reclaim executive compensation over the 1MDB scandal, Bloomberg News reported on Wednesday...
The German stock exchange operator Deutsche Boerse DB1Gn.DE said on Tuesday it would acquire an 80% stake in Institutional Shareholder Services (ISS) for about $1.8 billion, the latest in a flurry of deals to sweep across the exchange industry...
Korean Air Lines Co Ltd 003490.KS plans to spend 1.8 trillion won ($1.62 billion) to become the top shareholder of indebted Asiana Airlines Inc 020560.KS, in aviation's first major consolidation since COVID-19 brought the industry to its knees...
(Reuters) - Activist investor Elliott Management Corp on Tuesday called on Evergy Inc to immediately reengage in deal talks with NextEra Energy Inc, a day after Reuters reported that the company had turned down a roughly $15 billion all-stock bid...
LONDON (Reuters) - Britain’s accounting and corporate governance regulator called on Tuesday for global rules to improve how companies inform investors about how their activities relate to climate change and cutting carbon emissions...
TOKYO (Reuters) - Japan’s Toshiba Corp on Friday said more than 1,000 postal voting forms for its shareholder meeting went uncounted, and the bank that counted the votes, which carries out a similar job for almost a thousand listed companies, said the oversight may not have been limited to Toshiba...
Vanguard Group Inc said it voted against the pay of Alphabet Inc executives, including new CEO Sundar Pichai, one of several examples of proxy voting the top mutual fund firm gave in a report to be released on Tuesday as it names a new stewardship chief...
Bridgewater Associates’ director of investment research, Karen Karniol-Tambour, on Thursday denied a report that she had claimed gender discrimination in conversations about her pay with the hedge fund’s management...
BOSTON (Reuters) - Starboard Value said on Friday that it sold nearly three quarters of its stake in eBay Inc (EBAY.O) during the second quarter when the activist investment firm also ended its proxy fight at the ecommerce company...
Two non-executive directors of EasyJet (EZJ.L) are to step down from the board later this year in line with corporate governance best practice, having each served for nine years, the British airline said on Monday...
Coty Inc (COTY.N) on Monday appointed its Chairman and top investor JAB Holdings executive Peter Harf to the role of chief executive officer, as the cosmetics maker tries to revive sales and steer through the coronavirus crisis...
NEW YORK, May 13 (Reuters) - American International Group Inc said shareholders approved the insurer’s executive-compensation plan on Wednesday, following two years of criticism for high pay...
(Reuters) - GCP Applied Technologies said on Friday that its largest investor had wanted to take control of GCP’s board itself before backing activist investor Starboard Value, which also wants to replace most GCP directors...
Often rowdy and confrontational, this year’s bank shareholder meetings have so far been brief and uneventful as the annual gatherings move online amid U.S. coronavirus lockdowns...
(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Friday that former American Express Co (AXP.N) Chief Executive Officer Kenneth Chenault has been nominated to the conglomerate’s board of directors, replacing Microsoft Corp (MSFT.O) co-founder Bill Gates...
WASHINGTON (Reuters) - The U.S. securities regulator on Thursday voted to relax internal audit controls introduced at smaller publicly listed companies in 2002 following a string of accounting scandals including at now-defunct energy company Enron Corp...
(Reuters) - Activist investor Carl Icahn has increased his stake in Occidental Petroleum Corp to almost 10%, scaling up his fight to take control of the oil producer, the Wall Street Journal (WSJ) reported on Wednesday...
Executive compensation and coronavirus are likely to be the focus of investor questions at Walt Disney Co’s (DIS.N) annual meeting on Wednesday - the first to feature the company’s new chief executive officer, Bob Chapek...