(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...
Meet the Woman Who Convinced Apple, Starbucks, and Nike to Close Their Gender Pay Gaps An Equal Pay Day icon. Arjuna Capital managing partner Natasha Lamb has convinced 21 companies to commit to analyzing and closing their gender pay gaps. These include major players in tech (Apple, , Microsoft), finance (J.P. Morgan Chase, , Mastercard), and retail (Amazon, , Starbucks).
I am going to take a deep dive into UMS United Medical Systems International AG’s ( DB:UMS ) most recent ownership structure, not a frequent subject of discussion among individual investors. Ownership structure of a company has been found to affect share performance over time. 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 UMS’s shareholder registry...
More CEO compensation at public companies is staggering and always in the spotlight, and BlackRock ( BLK ) CEO Laurence Fink says CEOs at private companies deserve the same, if not, more attention. Most conversations about executive pay are about public companies, said Fink at the China Development Forum in Beijing this past weekend, which he found harmful...
Tim Manson is the CEO of Property Connect Holdings Limited ( ASX:PCH ), which has recently grown to a market capitalization of AU$2.40M. Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor...
(Reuters) - Oil and gas producer SandRidge Energy Inc on Monday rejected smaller rival Midstates Petroleum Co Inc's all-stock bid, calling the offer "highly dilutive". However, the company said it had received interest regarding "alternative transactions" from other producers. SandRidge did not provide further details. "Midstates Petroleum continues to believe in the merits of the SandRidge Energy transaction proposed on Feb. 6, 2018...
Longtime Dow Chemical Co. leader Andrew Liveris plans to step down next month, ending a nearly 14-year tenure that culminated with the chemical giant’s combination last year with rival DuPont Co...
Howard Hughes Corp., the master-planned community developer chaired by hedge-fund manager William Ackman, reported strong earnings this week thanks partly to rising prices for developed land in the Houston and Las Vegas regions...
LONDON (Reuters) - U.S. cable giant Comcast (CMCSA.O) offered to buy Sky (SKYB.L) for $31 billion in an unsolicited approach, taking on Rupert Murdoch's Fox and Bob Iger's Walt Disney in the battle for Europe's biggest pay-TV group...
Marc Benioff's right-hand man could make another $200,000 after Salesforce finally lets its top execs get raises again (CRM) Julie Bort More Salesforce A year after Salesforce cut CEO Marc Benioff's total pay and froze other top executives' pay to appease shareholder complaints, the company has decided to loosen its purse strings. While Benioff isn't getting a salary bump, several of his top officers are getting raises which impact their salaries and their bonuses...
The recent proxy fight at Procter & Gamble Co (NYSE: PG ) is a great example of the stagnation setting in at multinational consumer products companies. PG stock has slumped since the Oct. 10 vote. And with good reason, this unfortunate spat speaks to the difficult conditions ahead for P&G, specifically, and its ilk...
Tidjane Thiam, Chief Executive Officer of Swiss bank Credit Suisse attends the session "The Global Economic Outlook" during the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 23, 2016...
Hawthorn Bancshares, Inc, parent company of Hawthorn Bank, announced Kathleen Bruegenhemke has been elected to serve on its Board of Directors. Ms. Bruegenhemke currently serves as Hawthorn Bancshares’ Senior Vice President/Corporate Secretary and Hawthorn Bank’s Chief Operating & Risk Officer...
MTGE Investment Corp. announced today that its Board of Directors has elected Steven W. Abrahams to the Board effective immediately. MTGE's Board of Directors now consists of five members, including four independent directors...
CNO Financial Group, Inc. announced today that its board of directors has nominated Stephen N. David to stand for election to the board at the company's annual meeting of shareholders on May 10, 2017. He would fill the vacancy resulting from the retirement of director Michael Tokarz, effective at the annual meeting...
Illumina, Inc. ( ILMN ) announced today that Caroline Dorsa has joined the company’s Board of Directors. Given her financial expertise, Ms. Dorsa will also participate on the Audit Committee of the Board.
Tweet Share HONOLULU, Dec. 28, 2016 /PRNewswire/ -- Hawaiian Holdings, Inc., the parent company of Hawaiian Airlines, Inc., today announced the return of Donald J. Carty to both companies' boards of directors effective Friday, December 23, 2016. Carty, a seasoned airline executive, has served on the Hawaiian Holdings board twice before, from July 2004 to February 2007 and again from April 2008 to May 2011. Hawaiian Airlines logo...