The drugmaker buffeted by the furor over hefty price increases on its lifesaving EpiPen had the second-highest executive compensation among all U.S. drug and biotech firms over the past five years, paying its top five managers a total of nearly $300 million, according to a Wall Street Journal analysis...
Weight Watchers International Inc. said its chief executive had resigned and the company’s most-famous director, Oprah Winfrey,will help select his successor. James Chambers, 58 years old, who has run the weight-loss company for the past three years, will leave at the end of the month. He will be succeeded on an interim basis ...
Activist investors have the facts on their side in a tussle with Perrigo,but they may want to sharpen their focus. The hedge fund Starboard Value has accumulated a 4.6% stake in the embattled drug company and is urging it to consider selling certain assets, which would reduce leverage and better streamline the company’s portfolio. Perrigo shares rose ...
United Continental CEO Oscar Munoz, five months after returning from medical leave, said in an interview that he now has the management team in place to regain positive momentum for the struggling carrier.
Accounting giant PricewaterhouseCoopers LLP has settled a $5.5 billion lawsuit in the middle of a weekslong trial over its alleged failure to catch the massive fraud that led to one of the most expensive bank failures in U.S. history ...
In a Securities and Exchange Commission filing on Friday, Mr. Cook said he had received 1.26 million shares of Apple stock, valued around $135 million, that previously were restricted. He now has hit the halfway point of a stock-compensation plan that could see him awarded seven million shares by 2021.
Procter & Gamble Co. is overhauling its incentive system for managers as part of an effort by Chief Executive David Taylor to cut through the company’s bureaucratic morass and jump-start sales growth.
While not necessarily improper, administrators and board members might be forced to choose between what’s best for the hospital and what’s best for their private interests
The arrival of an activist investor in Morgan Stanley’s stock is both a validation of the strategy pursued by Chief Executive James Gorman and a challenge to articulate and execute it better. ValueAct Capital Management LP, a $16 billion hedge fund with a penchant for high-profile turnaround stories, unveiled a $1.1 billion stake in Morgan Stanley on Monday and, in a letter to the fund’s own investors, showed support for Mr. Gorman’s...
Activist investor Marcato Capital Management LP is pushing Goodyear Tire & Rubber Co. to return $4.5 billion to investors over the next three years in a bid to boost the tire giant’s flagging stock price...
WASHINGTON—Wall Street is fighting new rules on how executives are paid, portraying a recent proposal as a “one size fits all” approach that is “overly prescriptive.” Financial institutions and trade associations submitted more than three dozen comment letters, offering a litany of criticisms about a revised plan to overhaul Wall Street pay in response to the financial crisis...
Top Viacom Inc. VIA -1.22 % executives recently held discussions with National Amusements Inc. to settle litigation surrounding the media empire of mogul Sumner Redstone, according to people familiar with the matter. The discussions broke down last week, before a key ruling in the dispute by a Delaware judge on July 29...
Questions about pay equity have been making waves in corporate offices. They may be moving into the boardroom, too. Researchers at the University of Missouri have found that among nonemployee corporate directors, women and minorities make less than their nondiverse counterparts. Female directors earn on average $7,000 less a year than fellow board members, while minorities come up $5,000 short, according to the research, published in...
A Delaware judge will hear arguments on whether 93-year-old Sumner Redstone had the competency to decide to replace five board members at Viacom...
The roughly $23 billion bid for Hershey Co. by snack maker Mondelez International Inc. won't happen without the approval of the chocolate maker’s largest shareholder. And that key shareholder, Hershey Trust Co, has a long and complicated history of eschewing deals ...
Tesla Motors investors dumped shares a day after the company unveiled a takeover offer for SolarCity fueling doubts over Elon Musk’s plan to combine the electric-car and solar-energy companies he backs...
Ed Garden, chief investment officer of Trian Fund Management, believes the successful management teams of the future will rule through cooperation, not coercion ...
The number of women on corporate boards is barely budging. Women hold less than one-fifth of board seats at S&P 500 companies, according to Catalyst, a research group that tracks executive women. Catalyst’s annual board census found that 19.9% of board seats were held by women last year, compared with 19.2% the year prior ...
Boards increasingly are recognizing the risk of not having a long-term strategic outlook for replacing a CEO ...
Pinterest, the image-discovery site made popular by women, is adding former Amazon.com executive Michelle Wilson to its board....
It often pays to have an entrepreneur on a corporate board. According to a recent research paper, smaller companies that appoint entrepreneurs to their boards see a number of positive changes. Their stock prices shoot up more than expected in the days following the announcement. Their revenue-growth rates are higher than those at companies that appoint non-entrepreneur ...
Ides Capital, a new activist hedge fund, is launching its first fight for board seats at Boingo Wireless, the provider of Wi-Fi service at airports and military bases....
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 ...