NEW YORK (Reuters) - United Airlines’ ( UAL.N ) chief executive decided to do without his 2017 annual bonus and the carrier’s board chairman will step down, United said in a regulatory filing on Monday, amid ongoing fallout surrounding its customer-service failures...
WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co’s ( WFC.N ) disclosure of how its chief executive’s pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank’s annual shareholder meeting....
(Reuters) - Activist investor Elliott Management Corp on Monday proposed the addition of three independent members to the board of Hyundai Motor Group in a document laying out its agenda after taking a more than $1 billion stake in the carmaker...
(Reuters) - Proxy advisory firm Institutional Shareholder Services on Thursday recommended Crescent Point Energy Corp ( CPG.TO ) shareholders vote for activist investor Cation Capital’s two nominations to the oil and gas producer’s board...
LONDON (Reuters) - Royal Dutch Shell defended its ambition to cut carbon emissions on Monday, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change...
(Reuters) - Activist investor Carl Icahn said on Monday that he plans to nominate five members to SandRidge Energy’s board. Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014...
(Reuters) - A lawsuit is alleging that Xerox Corp ( XRX.N ) Chief Executive Officer Jeff Jacobson pursued a deal with Fujifilm Holdings Corp ( 4901.T ), even after Xerox’s board advised him to halt negotiations, the Wall Street Journal reported on Sunday. FILE PHOTO - Xerox chief executive officer, Jeff Jacobson, takes part in an interview on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 4, 2017...
HOUSTON (Reuters) - Exxon Mobil Corp ( XOM.N ) Chairman and Chief Executive Darren Woods’s compensation package rose about 4 percent last year to $17.5 million, his first year running the world’s largest publicly traded oil producer...
Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended Wells Fargo & Co shareholders vote for all Wells Fargo board nominees at the bank’s annual meeting on April 24...
HOUSTON (Reuters) - Activist investor Carl Icahn said on Wednesday he plans to nominate directors who would push for a sale of SandRidge Energy Inc and may make an offer himself for the embattled Oklahoma City oil and gas producer...
(Reuters) - British software firm Fidessa ( FDSA.L ) postponed an imminent shareholder vote on whether to back a 1.4 billion pound ($2 billion) takeover bid from Switzerland’s Temenos ( TEMN.S ), saying it might receive two more offers. Fidessa said in a statement that it had received approaches “from two separate third parties who are each considering making an offer for Fidessa at a premium to the Temenos offer.” One of the potential new offers would be at a 5 percent premium to banking software supplier Temenos’s cash bid, it said. It did not disclose details of the other ...
(Reuters) - Everyone knows Tesla is run by Elon Musk, the visionary CEO who is synonymous with his company. Tesla has acknowledged as much in public filings that described the company as “highly dependent on the services of Elon Musk.” Musk himself called Tesla “my company” in a 2016 conference call with analysts, and he’s claimed publicly that if he had not taken on the CEO job, the company would not have survived...
LONDON, AMSTERDAM (Reuters) - Activist investor CIAM has criticized plans by Dutch food and retail group Ahold Delhaize ( AD.AS ) to renew a governance structure that it said acts as a “poison pill” to potential suitors and has served to keep its share price depressed. FILE PHOTO: Ahold Delhaize CEO Dick Boer at the Ahold Delhaize headquarters in Zaanstad, Netherlands, December 5, 2017...
(Reuters) - U.S. cosmetics maker Avon Products Inc ( AVP.N ) has reached an agreement with Barington Capital to nominate the investor’s chief executive officer, James Mitarotonda, to its board in exchange for avoiding a proxy contest, a filing on Monday showed...
BOSTON (Reuters) - Hedge fund Glenview Capital Management on Friday said it now owns 5.6 percent of Newell Brands Inc, announcing its increased stake just days after the maker of Sharpie markers and Elmer’s Glue handed activist investor Carl Icahn board seats. FILE PHOTO - Larry Robbins, Founder, Portfolio Manager and CEO, Glenview Capital Management LLC., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016...
LONDON (Reuters) - The Royal Bank of Scotland ( RBS.L ) will allow a shareholder vote on whether to give retail investors more power over the British state-backed lender, ceding to a demand from shareholder groups that had fought for this since 2016. Royal Bank of Scotland signs are seen at a branch of the bank, in London, Britain December 1, 2017...
(Reuters) - Activist investor Elliott proposed to oust the French chairman of Telecom Italia (TIM) ( TLIT.MI ) and install leaders of Italy’s corporate establishment on the board as part of an intensifying campaign to force a shakeup at the former state phone monopoly...
March 13, 2018 / 9:38 PM / Updated 11 minutes ago Activist investor sees Diebold Nixdorf shares doubling with new CEO Svea Herbst-Bayliss 3 Min Read BOSTON (Reuters) - Activist investor Alexander Roepers recently boosted his firm’s stake in Diebold Nixdorf Inc and said the share price could double within 18 months now that there is a new chief executive at the helm of the automatic teller machine maker...
FRANKFURT (Reuters) - Top managers at Deutsche Bank will forego their annual bonuses, CEO John Cryan said, after coming under fire for awarding big incentive payouts even though Germany’s largest bank lost money last year. Deutsche Bank building before the bank's annual news conference in Frankfurt, Germany, February 2, 2018...
LONDON (Reuters) - Asset manager State Street Global Advisors ( STT.N ), said it will pressure companies to provide more data about the number of women employed at all levels of management and will push for greater diversity at board level. The investor, one of the world’s largest with $2.8 trillion in assets under management, said it plans to begin screening European firms in the STOXX 600 and FTSE 350 .FTLC that it invests in and engaging with them over diversity...
(Reuters) - Walt Disney Co said on Thursday its shareholders elected ten members to its board, but rejected executive compensation. In a non-binding vote, 52 percent of the shareholders voted against a compensation proposal...
STOCKHOLM (Reuters) - Truckmaker AB Volvo ( VOLVb.ST ) is dropping the head of Geely-owned ( 0175.HK ) Volvo Cars from its board because of competition concerns after the Chinese group took an almost 10 percent stake in rival Daimler ( DAIGn.DE ). Volvo Cars is a subsidiary of Zheijang Geely Holding Group Co whose main owner is Li Shufu. It was announced on Friday that Li, Geely’s founder, had built up an almost 10 percent stake in Daimler...
BOSTON (Reuters) - Activist investor Barington Capital is pushing restaurant group Bloomin’ Brands Inc. to spin off three smaller brands into a new company, cut costs and improve diners’ experiences to boost a flagging share price which it believes could double...
(Reuters) - U.S. respiratory drug company Innoviva Inc has reached a settlement with activist hedge fund Sarissa Capital Management LP to replace its board of directors and remove the threat of a new proxy contest, people familiar with the matter said on Monday...