A critical factor in how much chief executives are paid isn’t how well their share price performs or how long they run their company. It is who sits at the head of the boardroom table....
Despite working only part-time, non-executive directors who make up the bulk of seats on the boards of large U.S. companies can make $250,000 a ...
The CEO of Credit Suisse has asked his board to slash his bonus, after the Swiss bank posted quarterly results that sent its share price tumbling lower...
Securities and Exchange Commission Chairman Mary Jo White outlined a busy agenda for what is likely to be her final full year at the agency’s helm, with a range of initiatives focusing on boardroom diversity and executive compensation ...
The boardroom shake-up at Electrolux continues, with the Swedish appliance maker set to lose its chief financial officer to metals company Sandvik AB just days after the resignation of Chief Executive Keith McLoughlin...
Shareholders like their corporate boards stocked with independent directors—men and women unencumbered by close ties to the company or its executives. The reasoning: Who better to act in the interest of investors...
Valeant Pharmaceuticals named Howard B. Schiller interim chief executive, effective immediately, while its CEO, Michael Pearson, remains on medical leave...
Spirit Airlines appointed airline-industry veteran and board member Robert L. Fornaro as its new chief executive...
Activist investors have transformed themselves from derided corporate raiders to accepted voices in the corporate boardroom, helping produce a banner year...
David Schwab, chairman of Wendy’s board’s nominating and corporate governance committee, said Mr. Peltz and Mr. Kass provide the board with financial expertise. Wendy’s, whose system includes roughly 6,500 franchised and company-owned burger shops ...
The deal comes as Avon is fending off activist investor Barington Capital Group LP, which is part of a group that disclosed a 3% stake in Avon earlier this month and is calling for the company to cut costs and replace its chief executive, Sherilyn McCoy...
as the company prepares to become the first to export natural gas from the mainland U.S. The shake-up comes four months after activist investor Carl Icahn took a big stake in the company and won two board seats...
The pleasures of being a nonprofit board member are many. But here’s one thing many board members don’t want to be: cash machines. As new board members, they may resent being asked to fill in a charity’s year-end budget gap or having to constantly ...
While the plan was hatched by the companies’ chief executives, they worked alongside activist investor Nelson Peltz, who...
The executive changes come as the 130-year-old company is close to selling its North American operations to a private-equity firm and dealing with the arrival of an activist investor, The Wall Street Journal has reported. Avon is in talks to sell part of ...
Activist investor Carl Icahn reported Tuesday that he has increased his stake in Hertz Global Holdings Inc. to 14.3% as the rental car company tries to recover from recent stumbles and increasing pressures from competitors such as ride-sharing apps Uber ...
Northwest also has engaged Charles Price—a former FBI agent and current board member at MorganFranklin Consulting LLC where he leads the corporate investigations and dispute solutions practice—as a consultant to the board. “As we announced last week ...
The Canadian Pacific proposal is backed by activist investor William Ackman, whose Pershing Square Capital Management LP holds around 9% of Canadian Pacific. Mr. Ackman is set to discuss Canadian Pacific’s bid for Norfolk Southern in a conference call ...
He wrote on Twitter that Viacom should “give to all shareholders what the Board of Directors know about Executive Chair.” The tweet was a reference to the court documents filed last week by Mr. Redstone’s ex-girlfriend, Manuela Herzer, which claimed ...
The Federal Reserve adopted a new rule restricting its ability to lend money to financial institutions in a crisis in an attempt to ease concerns from lawmakers who worry about the central bank’s unchecked power to pump money into the financial system...
Activist investor Elliott Management is used to shaking things up but that might not be why it has disclosed a stake in Alcoa...
Activist investor Carl Icahn has built up a 7.1% stake in Xerox, which has already been taking steps to cut costs and improve margins, saying the shares are undervalued...
Ethan Allen Interiors is challenging the credentials of some of the directors nominated by an activist investor that hopes to take control of the furniture company’s board at an annual meeting next week...
Recruiting top-notch financial talent can be tricky, especially when the logical successor is a board member. As more CFOs serve on boards, some firms are tapping directors to fill executive posts...