PARIS/TOKYO (Reuters) - The boards of Renault and Japanese partner Nissan met on Thursday for an update on ongoing investigations surrounding alleged financial misconduct by alliance boss Carlos Ghosn, both companies said...

Starboard Builds a Stake in MGM Resorts and Will Seek Changes Scott Deveau and Christopher Palmeri Starboard Builds a Stake in MGM Resorts and Will Seek Changes More (Bloomberg) -- Starboard Value, the activist fund run by Jeff Smith, has built a position in MGM Resorts International and plans to push for changes at the Las Vegas-based casino owner...

Shares of Nabors Industries Rally After Dividend Cut, CEO Pay Cut, and Debt-Reduction Announcement Tyler Crowe, The Motley Fool Reblog What happened Shares of drilling rig owner and operator Nabors Industries (NYSE: NBR) are up 10.5% as of 11:00 a.m. EST. The price jump comes after the company announced some financial highlights for its upcoming fourth-quarter earnings report that included significant debt reduction, a dividend cut, and a cut to executive pay...

(Reuters) - Luby's Inc on Tuesday hit back at criticisms from a long-time investor that wants to shake up the casual dining chain's board by questioning the qualifications of the hedge fund's director nominees...

PARIS (Reuters) - The French government has told Renault to provide more details on compensation paid to senior executives via a Dutch holding company jointly owned with alliance partner Nissan, Finance Minister Bruno Le Maire said on Sunday...

(Bloomberg Opinion) -- In March, Huawei Technologies Co. announced a series of management changes that went almost unnoticed. Four executives were promoted to deputy chair while one, Liang Hua, was elected chairman of the board. Three of those deputy chairs were also given the position of rotating chairman. Founder Ren Zhengfei remained CEO and a board member, the Shenzhen-based company said in its statement...

Spectacles have always been a mind-boggling initiative for Snapchat parent Snap (NYSE: SNAP) . Despite the fact that Snap had no prior meaningful experience in camera hardware, Spectacles drive almost no engagement on the core platform, and the company previously had to eat a $40 million charge related to horrendous sales, CEO Evan Spiegel still refuses to give up on his Spectacles fantasy . It turns out that Spiegel's fixation with Spectacles contributed to the resignation of Snap's former CFO ...

Analog Devices, Inc. ADI appoints Anantha Chandrakasan as the new independent director to its board. Chandrakasan will commence his operations from Jan 1, 2019. Previously, he was the dean of MIT’s School of Engineering, and the Vannevar Bush Professor of Electrical Engineering and Computer Science...

TOKYO/ZURICH (Reuters) - ABB will sell a majority stake in its Power Grids division to Japan's Hitachi and return the proceeds to shareholders, bowing to pressure from an activist investor to sell the business that makes transformers and converters. The acquisition, which values the unit at $11 billion (8.7 billion pounds), will see Hitachi become one of the largest players in the power grid industry...

 (Bloomberg) -- Vivendi SA demanded that Telecom Italia SpA’s board convene shareholders to appoint new auditors and replace five company directors allied to U.S. activist Elliott Management Corp. Key Insights Vivendi is turning up the heat in its battle to win back control of Italy’s dominant phone company from Elliott after the U.S. activist’s allies last month pushed out the company’s CEO, a Vivendi ally.Telecom Italia’s board, dominated by Elliott allies, has resisted Vivendi’s demand for a shareholder meeting to appoint auditors ...

A major potential bidder for Papa John’s International Inc. has taken itself out of the running, putting pressure on the pizza maker to figure out its future. Trian Fund Management LP, which was evaluating a bid, has decided not to pursue it, according to people familiar with the matter...

The Delaware Court of Chancery has rejected as unfair a proposed settlement in an investor suit challenging the compensation of Goldman Sachs Inc.'s non-employee directors, the latest in a string of cases taking a tougher stance on disclosure settlements...

PRNewswire/ -- Alteryx, inc. (AYX), revolutionizing business through data science and analytics, today announced the appointment of Mark Anderson to its board of directors, effective Oct. 1, 2018. Anderson is president of Palo Alto Networks and a seasoned executive with a proven track record of building and scaling organizations for growth...

Ed Breen, the chief executive officer of chemical giant DowDuPont Inc., is the best choice to run DuPont when it becomes an independent company next year, activist investor Dan Loeb said. “I hope Ed Breen is involved in a serious way, continuing as CEO or in an executive chair role,’’ Loeb, who runs the Third Point LLC hedge fund, said in an interview Tuesday...

California is making a big push for more women in the boardroom. On Wednesday, the state legislature passed a bill requiring publicly traded companies to have women on their boards. If Gov. Jerry Brown signs the bill into law , California-based companies must have at least one woman on their boards by the end of 2019 or face financial penalties....

Tesla Motors More Tesla co-founder and CEO Elon Musk turned Wall Street on its head when he unexpectedly announced he had the funding required to take the firm private. He was completely serious, and not every member of the company’s board of directors is pleased with the idea. The board has formed a three-person committee and appointed a legal counsel to closely examine any proposal to take Tesla private — if it ever receives one.

(Reuters) - Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk's proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media...

I am going to take a deep dive into Glencore Plc’s ( LON:GLEN ) most recent ownership structure, not a frequent subject of discussion among individual investors. Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. Since the same amount of capital coming from an activist institution and a passive mutual fund has different implications on corporate governance, it is a useful exercise to deconstruct GLEN’s shareholder registry...

Dan Loeb’s Third Point has taken a stake in PayPal Holdings Inc. in a vote of confidence for the payments processor as it faces increasing competition from the likes of Amazon.com Inc. The New York-based hedge fund said Paypal stock could reach $125 per share within 18 months on above-consensus earnings, according to an investor letter obtained by Bloomberg...

The Commodity Futures Trading Commission has finalized a $30 million whistle-blower award for information that helped the agency sue JPMorgan Chase & Co. for failing to properly inform some wealthy clients about conflicts of interest behind its investment recommendations, according to the private attorney who brought the case...

Intel CEO Brian Krzanich may walk away with $44.5 million after stepping down from the company following revelations that he had breached company policy by engaging in a past consensual relationship with an employee. That’s based on calculations of Krzanich’s severance agreements, disclosed in Intel’s 2017 proxy statement...

Larry Page and Sergey Brin have more than half the voting power. In opposing the plan, the company said in a filing that it won’t "enhance Alphabet’s existing commitment to corporate sustainability," noting that Page collects a salary of just $1. A spokeswoman said the firm had no further comment beyond the statement in the filing. Proxy advisers Institutional Shareholder Services Inc. and Glass Lewis & Co. are split...

Investors who want to make sure executives deserve the big pay they got in last year’s bull market are set to descend on annual meetings in coming weeks to vote on compensation and elect directors. They’re also set to agitate for strategic moves and ensure companies have a handle on climate change, diversity and cybersecurity...

Average CEO pay at the biggest U.S. companies was up 5 percent in 2017. But increases in executive compensation don't always reflect company performance...