Dozens of large real estate investment trusts are overhauling the way they pay top executives after coming under fire from shareholder advocates. REITs such as mall owner CBL & Associates Properties retail and office property owner Lexington Realty and CYS Investments all have changed their pay structures in the past year...
An outside director’s abrupt exit from Quicksilver, Inc. grew out of an unusual corporate-governance spat that sheds some light on how company boards fire chief executives...
Finra panel rules firm has to pay Ahmed Hussein compensation, but no damages or legal fees An activist investor has won a $2 million arbitration award from UBS AG, which he said derailed his proxy fight against a health-care information systems company by calling a margin loan and selling almost 2.3 million shares he had in the business. In his claim, Ahmed Hussein said he lost more than $20 million when UBS called the loan as Quality System Inc.’s stock was falling in 2012...
The SEC needs to put more teeth in its guidance and clarify its standards. This month’s showdown at DuPont Co., in which shareholders rejected an activist campaign to install four new board members, brought proxy advisory firms’ bias back into the news: All three of the company’s largest institutional shareholders ignored the proxy recommendations to vote for candidates whose primary qualification was loyalty to the activist...
Tom Rutledge will be the chairman, CEO of new U.S. cable giant that results from proposed merger Two years ago, Charter Communications Inc. Chief Executive Tom Rutledge predicted that the cable business would soon be down to two big players. Now, he’s in line to run one of them. Mr. Rutledge will be the chairman and CEO of the new U.S. cable giant that results from Charter’s planned $55 billion acquisition of Time Warner Cable Inc. and $10.4 billion merger with Bright House Networks...
Legion Partners and Calstrs approve of retailer’s succession plan and board nominees A group of activist investors targeting Perry Ellis International Inc. have agreed to withdraw their board nominees after the retailer committed to shaking up its chief executive role and board last week. Perry Ellis has come under fire from Legion Partners Asset Management LLC, a California investment fund, and the California State Teachers’...
A boardroom battle last week at DuPont Co. exposed an emerging split in how the nation’s two biggest pensions agitate for change inside corporate America A boardroom battle last week at DuPont Co. exposed an emerging split in how the nation’s two biggest pensions agitate for change inside corporate America. The California State Teachers’ Retirement System, No.
A top Federal Reserve official said small banks shouldn’t have to comply with incentive compensation rules required by the 2010 Dodd Frank law, echoing others at the central bank who have said they want to tailor regulations to the size of banks. Fed governor Jerome Powell, in remarks prepared for a conference of community bankers in New York, said banks under a certain asset level, “perhaps $10 billion,” should be exempt from Dodd-Frank compensation restrictions...
Verizon Communications, Inc. is buying AOL Inc. in a $4.4 billion deal aimed at advancing the telecom giant’s growth ambitions in mobile video and advertising...
Gran Tierra Energy, Inc. said Friday it had agreed to support the board nominees proposed by activist investor West Face Capital Inc. and would double its board size to eight members...
You, too, can be an activist investor. Just ask hedge-fund manager Eric Jackson, who started a crusade for change at Yahoo, Inc. more than seven years ago armed with only a blog post and YouTube...
A second proxy adviser has delivered a vote of confidence in Nelson Peltz in his campaign to get on the board of DuPont Co. DD-0.86 % Glass Lewis & Co. late Wednesday said shareholders should elect the chief executive of activist investor Trian Fund Manage ...
Japanese robot maker Fanuc Corp. said Monday it would sharply boost dividends, handing a victory to U.S. investor Daniel Loeb and marking a milestone in Japan’s move toward boosting shareholder returns...
The Detroit auto maker’s 2014 executive compensation plans, outlined in an annual proxy report filed Friday with the Securities and Exchange Commission, represent a shifting compensation strategy. No longer restricted by Treasury Department pay ...
ISS said that its recommendation wasn’t a referendum on Mr. Moynihan, and both proxy advisers recommend voting for Mr. Moynihan as a board member. Still, the recommendations of the two advisers can be a powerful influence. Two of J.P. Morgan Chase & Co ...
The boardroom battle at Wynn Resorts, Ltd. reaches its climax Friday with co-founder Elaine Wynn facing likely ouster after a dramatic fight that has also inspired typically passive institutional investors to put intense pressure on the casino operator to improve governance...
Is hedge-fund activism good or bad? This question has dominated financial debate this year, as hedge funds besiege on average nearly one company a day seeking to shake up...
On April 14 the U.S. Court of Appeals for the Third Circuit overturned a lower court’s injunction that would have required Wal-Mart to include on its proxy statement a shareholder resolution challenging the retailer’s sale of firearms. So-called social investors...
American activist investors are taking another charge at Europe, a market that has been notably unkind to U.S. funds that campaign for change at large corporations...
TOKYO—Japanese Prime Minister Shinzo Abe on Tuesday tapped an executive of Toyota Motor Corp. TM 1.87 % to join the Bank of Japan 8301 3.43 % ’s policy board, as he seeks support from multinational companies for his plan to revive the economy...
As activist shareholders increasingly become a fixture of corporate America, battle lines are being drawn in the boardroom. Take a recent dust-up on the board of Vail Resorts, Inc...
Elaine Wynn lashed out at a top proxy advisory firm that criticized governance at Wynn Resorts Ltd. and spoke glowingly of the casino operator run by her former husband even as she was expected to be imminently ousted from its board in a messy battle...
Qualcomm, Inc. is under pressure from activist investor Jana Partners LLC to consider a breakup and other options to boost the giant chip maker’s sagging stock price...
Staples said Friday that it has nominated Kunal Kamlani to its board of directors, according to an agreement with activist investor Starboard Value...