1. Articles from wsj.com

  2. 73-96 of 235 « 1 2 3 4 5 6 7 8 9 10 »
    1. Arconic Names Former GE Executive Chip Blankenship as CEO

      Arconic Names Former GE Executive Chip Blankenship as CEO

      Aerospace parts specialist Arconic Inc. named former General Electric Co. executive Chip Blankenship as its new chief executive, seeking to bring an end to a year of management turmoil that included a bitter fight with an activist investor and the sudden resignation of its former chief. Mr. Blankenship, the former head of GE’s appliance business, will become Arconic’s CEO on Jan. 15., the company said Monday. Interim CEO David Hess, who has run the company since April, will stay as a director...

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    2. Companies That Perform Best Don’t Pay CEOs the Most

      Companies That Perform Best Don’t Pay CEOs the Most

      Large U.S. companies have for years sought to tie executive pay to financial and stock-market results, but a new study suggests their efforts aren’t working over the long term. The study, from investment research firm MSCI Inc., compared 10 years of stock-market returns at 423 U.S. companies to the compensation their CEOs received over that period. It found highly paid CEOs among the worst performers and vice versa, even counting market gains on their equity compensation...

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    3. Activist Investor Marathon Slams Restaurant Deal

      Activist Investor Marathon Slams Restaurant Deal

      Activist investor Marathon Partners Equity Management LLC said the proposed transaction between restaurant operators J. Alexander’s Holdings Inc. and 99 Restaurants LLC is a rotten deal for shareholders. In a letter addressed to the board of J. Alexander’s seen by The Wall Street Journal, Marathon Partners, which holds a 6.3% stake in J. Alexander’s, said board members lacked the independence necessary to broker a fair deal for...

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    4. If the CEO is Overpaid, Blame the Compensation Committee

      If the CEO is Overpaid, Blame the Compensation Committee

      Every year, shareholders of U.S. companies weigh in on executive pay by casting advisory votes on the reports of compensation committees. The committees are appointed by corporate boards to make recommendations about appropriate pay levels. Shareholders tend to take their reports at face value, voting to approve them in over 97% of cases. But their confidence is undermined by a lack of awareness about the often flawed methods compensation committees use to determine pay...

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    5. Executive Pay Falls for Big Mall Owners as Retail Storm Rages On

      Executive Pay Falls for Big Mall Owners as Retail Storm Rages On

      Turbulence in the retail sector is hitting executives working for the top mall companies where it hurts: in their wallets. Senior management teams at the country’s largest mall owners, including Simon Property Group Inc., GGP Inc. and Macerich, are taking cuts to their compensation as they navigate an industry beset with struggling retailers and increasing competition from online shopping.

      The slide in compensation among...

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    6. How To Solve Problems of Misaligned Executive Pay - WSJ

      How To Solve Problems of Misaligned Executive Pay - WSJ

      Excessive, opaque pay packages for company bigwigs are a perennial problem for shareholders. A few U.K. companies are embracing a new approach: Scrap targets and make bosses long-term shareholders. U.S. boards should take note. In the name of payment for results, American companies increasingly favor rewarding executives with stock awards linked to complex performance hurdles. Called long-term incentive plans or LTIPs, these are....

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    7. Big Pension Funds Oppose Election of Six Mylan Directors

      Big Pension Funds Oppose Election of Six Mylan Directors

      A group of institutional investors unhappy over high executive pay at Mylan NV are taking aim at six board members at the EpiPen maker.

      Four major pension funds launched a campaign late Tuesday urging fellow Mylan shareholders to oppose the re-election of Chairman Robert J. Coury and five other directors at the company’s June 22 annual meeting. Mr. Coury, Mylan’s former chief executive, received nearly $100 million in 2016, when the..

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    8. BHP Billiton CEO to Meet With Activist Shareholder Elliott Amid Pressure

      BHP Billiton CEO to Meet With Activist Shareholder Elliott Amid Pressure

      MELBOURNE, Australia—BHP Billiton Ltd. Chief Executive Andrew Mackenzie will meet Wednesday with representatives from Elliott Management Corp., the activist investor pushing for the resources company to shed at least some of its oil-and-gas assets and boost shareholder returns.

      The talks are set to take place on the sidelines of a mining-and-metals conference in Barcelona, a day after Mr. Mackenzie told an audience there the company...

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    9. Wells Fargo’s Post-Scandal Marketing Playbook

      Wells Fargo’s Post-Scandal Marketing Playbook

      When Wells Fargo Chief Marketing Officer Jamie Moldafsky launched a recent new ad campaign for the bank following its sales-practices scandal, it was a mix of art and science. Wells Fargo was already investing in how to better understand its customers and potential customers, but it stepped up the work in September, after the San Francisco bank paid a $185 million settlement for opening up as many as 2.1 million accounts using fictitious or unauthorized customer information. It has since faced two congressional grillings, a slew of management changes, large clawbacks of executive ...

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    10. Australia Says Will Block Move by Activist Investor to Remove BHP Billiton’s Listing

      Australia Says Will Block Move by Activist Investor to Remove BHP Billiton’s Listing

      CANBERRA, Australia—Australia’s government warned it would block moves being orchestrated by activist investor Elliott Management Corp. to shift mining giant BHP Billiton Ltd.’s stock listing from Australia to the U.K. Representatives from the U.S. hedge fund have been in Australia this week seeking to convince BHP shareholders to support a move to spin off its American petroleum assets and significantly restructure the world’s...

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    11. Citigroup Holders Back Executive Pay Plan

      Citigroup Holders Back Executive Pay Plan

      Citigroup Inc. shareholders cast 95% of their votes at Tuesday’s annual meeting in support of the bank’s compensation plan for top executives, following a jump in the stock price and a pay cut for Chief Executive Michael Corbat. That reversed tepid support last year when the bank’s annual “say on pay” resolution received 64% of votes cast. The average bank in the S&P 500 index received 91% support, according to proxy advisory... To Read the Full Story Subscribe Sign In

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    12. Kleinfeld’s Leaving Arconic Shows Investors Like Everyone to Play Nice

      Kleinfeld’s Leaving Arconic Shows Investors Like Everyone to Play Nice

      The abrupt departure of Arconic Inc. ARNC 0.54% Chief Executive Klaus Kleinfeld shows how big investors are tempering the once-brazen behavior of both sides in activist shareholder campaigns. “The side that goes on the low road is going to be less able to get the support of institutional investors,” said Ken Squire, founder of 13D Management LLC, an investment and research firm...

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    73-96 of 235 « 1 2 3 4 5 6 7 8 9 10 »
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