1. Articles from wsj.com

  2. 1-24 of 269 1 2 3 4 ... 10 11 12 »
    1. String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them

      String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them

      This year, $2 billion is missing at a German fintech company, $300 million of sales has been found to be fabricated at a Chinese coffee chain and $5 billion in undisclosed debt has been uncovered at two related companies listed in the U.K. Together, the incidents cost shareholders of the companies roughly $30 billion...

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    2. Many Corporate Boards Still Face Shortage of Tech Expertise

      Many Corporate Boards Still Face Shortage of Tech Expertise

      Corporate boards could soon be on the hunt for fresh technology expertise as digital business models pursued in the wake of the coronavirus pandemic reshape business strategy. Companies over the past several months have rushed ahead with investments in AI-enabled analysis of business data, automation and new forms of digital collaboration. The moves, aimed at business continuity, are finding permanence as processes change across industries...

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    3. Shale Companies Had Lousy Returns. Their CEOs Got Paid Anyway.

      Shale Companies Had Lousy Returns. Their CEOs Got Paid Anyway.

      It’s been a bad few years for investors in shale companies, but a pretty good few years for shale company CEOs. The leaders of U.S. shale companies received some of the largest executive pay increases in corporate America, even as their shareholders lost billions of dollars, a Wall Street Journal analysis has found. The median pay for chief...

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    4. Finance Chiefs Are on the Move as Pandemic Adds Strain

      Finance Chiefs Are on the Move as Pandemic Adds Strain

      Finance chiefs are changing jobs again after a slowdown in exits and recruitment in the spring, as the pandemic is forcing them to rethink their business models and adding to an already high workload. Three big public companies this week said their CFO would exit . General Motors Co.’s Dhivya Suryadevara is joining Stripe Inc., while Kelly Kramer, the finance chief of Cisco Systems Inc., plans to retire...

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    5. Former Hertz CEO Agrees to Settle Claims Tied to Accounting Misconduct

      Former Hertz CEO Agrees to Settle Claims Tied to Accounting Misconduct

      The former chief executive of Hertz Global Holdings Inc. agreed to pay nearly $2.2 million to settle claims that he pressured subordinates to “find money” to meet financial targets, causing employees to violate accounting rules, according to regulators. Mark Frissora neither admitted nor denied the Securities and Exchange Commission’s allegations but will refund Hertz nearly $2 million in incentive compensation and pay a $200,000 penalty to the government...

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    6. McDonald’s Board Faces New Scrutiny of Investigation Into Former CEO

      McDonald’s Board Faces New Scrutiny of Investigation Into Former CEO

      McDonald’s Corp.’s board is coming under scrutiny from some investors and corporate-governance groups for failing to fully uncover the extent of former Chief Executive Officer Steve Easterbrook’s inappropriate relationships with employees when concerns first emerged last year. The fast-food giant Monday sued Mr. Easterbrook, accusing him of lying to investigators to cover up relationships with employees to protect his multimillion-dollar severance package. The suit, a rare airing of corporate dirty laundry, follows the board’s...

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    7. ‘Stakeholder’ Capitalism Seems Mostly for Show

      ‘Stakeholder’ Capitalism Seems Mostly for Show

      By putting American workers through months of turmoil, the Covid-19 crisis has heightened expectations that large companies will serve the interests of all “stakeholders,” not only shareholders. The Business Roundtable raised such expectations last summer by issuing a statement on corporate purpose, in which the CEOs of more than 180 major companies committed to “deliver value to all stakeholders.”...

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    8. Boards Reset Executive Pay, Equity Grants During Market Rout

      Boards Reset Executive Pay, Equity Grants During Market Rout

      Many companies have cut executive compensation and made equity awards amid economic turmoil Amid volatile markets and economic contraction, companies have adjusted executive compensation, with salary cuts for top leaders often accompanied by new equity grants. As companies furloughed or laid off workers and cut other costs, many chief executives have had their base salaries cut for 2020 by anywhere from 50% to 100%...

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    9. Occidental Petroleum Reaches Truce With Activist Investor Carl Icahn

      Occidental Petroleum Reaches Truce With Activist Investor Carl Icahn

      In bid to turn around, the company is changing its board, cutting salaries and slashing capital budget Occidental Petroleum Corp., the largest oil producer in the giant Permian Basin, has ceded to activist investor Carl Icahn’s demands and announced deep spending cuts in a bid to survive the steepest crude-price plunge in decades...

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    10. Occidental Nears Settlement With Carl Icahn

      Occidental Nears Settlement With Carl Icahn

      Activist investor to get two board seats, approval of third, independent director Occidental Petroleum Corp. is nearing a truce with Carl Icahn that would conclude one of the highest-profile corporate clashes of the past year and usher the activist investor into the embattled oil producer’s board room as it seeks to recover from a series of setbacks...

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    1-24 of 269 1 2 3 4 ... 10 11 12 »
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