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...
(Reuters) - Fashions change and presidential administrations come and go, but the feud between corporate guru Martin Lipton of Wachtell Lipton Rosen & Katz and Harvard law professor Lucian Bebchuk will apparently always be with us...
TOKYO (Reuters) - Japan’s Toshiba Machine (6104.T) said on Wednesday it would officially oppose a takeover offer by activist investor Yoshiaki Murakami and hold a shareholders meeting on March 27 to seek approval for the adoption of defense measures...
U.S. educational software company Instructure Inc (INST.N) said on Monday a certain activist investor was trying to derail its $2 billion deal with private equity firm Thoma Bravo...
(Reuters) - Marty Lipton’s inchoate feud with the Council of Institutional Investors may be the juiciest early story to emerge from the Business Roundtable’s announcement this week of a new corporate paradigm. But it’s not the only legal story prompted by the bombshell BRT announcement, in which business leaders pledged to consider the interests of an array of stakeholders – employees, customers, suppliers and community members – in addition to shareholders’ interest in maximizing profits...
HOUSTON (Reuters) - The board of Citgo Petroleum [PDVSAC.UL] appointed by Venezuela’s congress chief was properly seated, a U.S. court ruled, dealing a blow to contested Venezuelan President Nicolas Maduro’s efforts to retake control of the Texas-based refiner...
WILMINGTON, Del. (Reuters) - Travis Kalanick, the co-founder of ride-hailing company Uber, and the company’s directors won the dismissal of an investor lawsuit that sought to hold them liable for a fight over trade secrets that slowed Uber’s push into autonomous vehicles...
ROZZANO, Italy (Reuters) - Telecom Italia shareholders on Friday approved top investor Vivendi’s offer to withdraw a request to replace some board directors at the Italian phone group...
(Reuters) - General Electric Co. on Monday elected Paula Rosput Reynolds to its board of directors, replacing John Brennan who had earlier announced his intention to retire...
(Reuters) - Activist investor Elliott wants Thyssenkrupp ( TKAG.DE ) to give its business divisions more autonomy to pursue promising ventures, an Elliott executive told German daily Die Welt, following a leadership crisis at the German engineering group...
(Reuters) - Activist investor John Paulson’s hedge fund on Thursday nominated eight members to Detour Gold Corp’s board and reiterated its call for a special shareholder meeting, ratcheting up pressure on the gold miner...
(Reuters) - Hong Kong billionaire businesswoman Pollyanna Chu, who made her fortune from Macau’s VIP gaming parlours and margin financing, has lost nearly three-fourths of her wealth this year, a rapid decline that sees her slip down the list of Asia’s wealthiest...
LONDON (Reuters) - British regional newspaper publisher Johnston Press’s ( JPR.L ) biggest investor said on Tuesday that it is willing to help to refinance the company and called on the board to consult shareholders on its options...
(Reuters) - Activist investor John Paulson’s hedge fund on Thursday urged Detour Gold Corp to call a special shareholder meeting to replace a majority of the company’s directors, as it pushes for change at the Canadian gold miner...
NEW YORK/WASHINGTON (Reuters) - The U.S. securities regulator has shelved a proposed Obama-era reform that would have given shareholders in companies more freedom to vote for their preferred candidates during contested board elections, people with direct knowledge of the matter told Reuters...
(Reuters) - Activist shareholder Elliott called on GEA Group to appoint a new chief executive quickly, replace Chairman Helmut Perlet and buy back shares, adding to pressure for speedy and sweeping changes at the German food processing company...
(Reuters) - Major Thyssenkrupp shareholder Cevian called for further restructuring of the German conglomerate on Sunday, a day after it sealed a steel joint venture with India’s Tata Steel...
(Reuters) - Activist investor Carl Icahn said on Thursday he had reduced his stake in liquefied natural gas exporter Cheniere Energy Inc ( LNG.A ) to 9.5 percent, but added that he was confident in the company’s management and Chief Executive Officer Jack Fusco...