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...

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...

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...

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.”...

Bed Bath & Beyond Inc. said it would permanently close roughly 200 stores, a bet that the home-goods chain can ride out the coronavirus pandemic by shrinking its bricks-and-mortar footprint...

Hertz Global Holdings Inc. paid more than $16 million in retention bonuses to senior managers, including its new chief executive, just days before it filed for bankruptcy Friday night...

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%...

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...

Occidental Petroleum Corp. is cutting salaries for its U.S. employees by up to 30% in a bid to slash expenses, according to an internal email reviewed by The Wall Street Journal...

Chief executives of large U.S. companies rode a more than decadelong bull market to a string of record pay days...

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...

GameStop Corp. is facing a renewed threat from a group of shareholders upset with the videogame retailer’s performance...

Smaller companies lag behind the country’s biggest corporations in bringing more women onto their boards. In California, though, that gap has been closing since the state began requiring public-company boards to include female directors, according to new data...

LONDON—Barclays PLC Chief Executive Jes Staley came under renewed pressure Monday after an activist investor called on the bank to withdraw its support for its American CEO because of his professional relationship with the late financier and convicted sex offender Jeffrey Epstein...

FanDuel’s founders and more than 100 former employees say the company’s board of directors and private-equity investors intentionally undervalued the sports-betting operator to shut them out of an acquisition deal, according to a lawsuit filed Tuesday...

YOKOHAMA, Japan—Nissan Motor Co. Chief Executive Makoto Uchida faced down angry shareholders at a rowdy 2½ hour meeting Tuesday, where they questioned whether he had a plan to reverse the company’s widening losses...

Liberals claim they’re troubled by corporate power. So why are they working to expand it? ‘Stakeholder capitalism” is officially here. That’s the fashionable notion that companies should serve not only their shareholders, but also other interests and society at large. Last month Airbnb’s leaders announced a new mandate that the company “benefit all our stakeholders over the long term,” including through tying executive compensation to the company’s social goals...

Former Aetna Inc. Chief Executive Mark Bertolini resigned from the board of CVS Health Corp., after the company said Monday he wouldn’t stand for re-election later this year...

Former Aetna Inc. Chief Executive Mark Bertolini said he is being pushed off the board of CVS Health Corp...

Xerox Holdings Corp. said Monday it has secured financing for its takeover offer for HP Inc., a sign the printer-and-copier company is pushing forward with an unsolicited $33 billion bid that its larger rival has resisted...

This year was a big one for mergers and acquisitions, but it could have been even better. The value of deals announced globally reached $3.8 trillion through Dec. 27, making 2019 the fourth-best year on record for M&A. The combined value of deals fell just 4% short of last year’s total, according to Dealogic, as the appetite for megamergers reached a new high...

Travis Kalanick’s ride at Uber Technologies Inc. is nearing an end. The co-founder of the ride-hailing giant has sold more than $2.5 billion of stock in the past seven weeks, more than 90% of his stake...

Land & Buildings Investment Management wants it to explore deal with VICI Properties Activist investor Land & Buildings Investment Management LLC has been buying shares in Gaming and Leisure Properties Inc. and is pushing the casino real estate owner to seek a merger partner, according to people familiar with the matter...

Democrat Gavin Newsom says changes needed before he will sign off on embattled utility’s proposed plan to exit chapter 11 California Gov. Gavin Newsom is demanding changes to PG&E Corp.’s plan to pay wildfire victims and exit bankruptcy, saying the company’s current proposal “falls woefully short” of a law outlining requirements that would allow the utility to receive state assistance...