Kevin Wampler, finance chief since 2008, will leave his role once company names successor; four other executives have departed...
Proxy advisory firm Institutional Shareholder Services Inc. recommended Spirit Airlines Inc. SAVE 2.90%▲ investors vote for a proposed merger with Frontier Airlines, ULCC 6.57%▲ reversing its position on the deal after Frontier sweetened its offer Friday. “On balance, support for the merger with Frontier on the revised terms is warranted,” ISS wrote in a report that was published late Friday and made public Saturday...
Millions of people are invested in the stock market through BlackRock’s index-tracking funds. As these passive investments have grown in popularity, so have the firm’s stakes in 13,000 companies world-wide. And so has the clout of BlackRock’s investment stewardship team...
The board of World Wrestling Entertainment is investigating a secret $3 million settlement that longtime chief executive Vince McMahonagreed to pay to a departing employee with whom he allegedly had an affair, according to documents and people familiar with the board inquiry...
With more companies leaving the public markets, executives and board directors of these newly private companies should expect governance changes as regulators push for more transparency from certain nonpublic companies...
Western Digital reached a settlement with activist investor Elliott Management Corp. that calls for the $19 billion company to consider splitting into two...
Shareholders have placed abortion-rights proposals on the proxies at three big retailers this spring: Walmart Inc. WMT 1.64% ; Lowe’sLOW 2.30% Cos.; and TJX TJX 2.03% Cos., the owner of off-price chains including TJ Maxx. Many more could follow next year...
The days when selling ESG funds was an easy marketing ploy for fund managers are over. Investing based on environmental, social and governance criteria has been a hugely popular new market for full-service asset managers struggling to compete with low-fee tracker funds...
Unilever PLC has for years wrestled with the best way to run its ice cream-to-shampoo empire. Now it is set to get some fresh inspiration from activist investor Nelson Peltz...
The votes are not binding and the numbers are small. But shareholders are pushing back against what they see as shoddy accounting and the possibility that lucrative extra work is eroding the independence of the audit...
Shale drillers have been hamstrung by pipeline constraints, rising prices for oil-field supplies and shortages of roughnecks and rigs. But there is another reason the highest oil and gas prices in years haven’t tempted U.S. drillers to boost output: Their executives are no longer paid to...
Investors have rebuked two dozen major U.S. companies over their executive-pay packages, sometimes by wide margins or for the second straight year...
Directors who control the board of Cerebral Inc. agreed on a plan to replace Chief Executive Kyle Robertson, sparking leadership tumult at the mental-health startup as it contends with scrutiny over its prescription practices for controlled substances, people familiar with the situation said Tuesday...
Regarding Marlo Oaks’s op-ed “S&P Hits U.S. States With Politicized Credit Scores” (May 9): The integration of environmental, social and governance (ESG) investment practices is not left-wing or right-wing. It is an apolitical practice geared toward delivering transparency so that investors can make informed decisions...
JetBlue Airways Corp. said it plans to launch a hostile takeover attempt for discount carrier Spirit Airlines Inc. after Spirit rejected JetBlue’s $3.6 billion offer in favor of an existing deal with Frontier Airlines...
Activist shareholders at Toshiba may have finally pushed the company to consider selling itself, after years of corporate drama. But they still face a final hurdle: the Japanese government...
Activist hedge fund Third Point LLC told clients it has increased its stake in Shell PLC and is still pushing the oil giant to restructure, six months after calling for a breakup of the company...
Chinese companies like Alibaba Group Holding Ltd. are embracing buybacks and one-off dividends, handing cash to shareholders as they seek to shore up their battered stock prices and signal confidence in the long-term outlook...
Peloton Interactive Inc. is exploring a sale of a sizable minority stake, in an effort to shore up its business as the once-hot bike maker’s stock continues to sink...
Finance chiefs could receive smaller increases in bonus pay this year compared with 2021, a reversal after a year in which strong earnings and conservative performance targets led to double-digit increases in cash incentives. Slower economic growth—in part due to rising inflation—and pressure from investors to use more rigorous performance targets could put pressure on cash bonuses in 2022, compensation advisers said...
Berkshire Hathaway Inc. posted its best earnings in its history last quarter. Its stock is trouncing the S&P 500. And Warren Buffett’s star power seems to be as strong as ever...
Investors often use ESG criteria to measure a company’s commitment to values beyond shareholder returns—in particular to environmental and social priorities. A perplexing question is why governance—the “G” in ESG—is included as a third factor...
Countries around the world are introducing rules requiring companies to disclose information about their impact on society and the environment...
How should a company’s board of directors think about sustainability? And what role should the CEO and other top executives play? ...