Activist investor Starboard Value has grabbed several seats on the board of Perrigo, months after saying it would push the drugmaker to its improve operations. Perrigo Co. Plc. said Tuesday that Starboard CEO and Chief Investment Officer Jeffrey Smith will join its board, along with Centrexion Corp. CEO Jeff Kindler and Bradley Alford, an Advent International Corp. operating partner...
NEW YORK (AP) -- Arconic Inc. faces a proxy fight from its largest shareholder, who accuses the maker of lightweight engineered products for aerospace and autos of underperforming. Elliott Management said Tuesday that it has nominated five candidates for the board of the company that separated from Alcoa and which is led by former Alcoa CEO Klaus Kleinfeld. The hedge fund and activist shareholder said Arconic needs new leadership to boost its stock price...
DOVER, Del. (AP) -- A Delaware judge has voided a bylaw amendment adopted by directors of weight-loss company Nutrisystem Inc. regarding removal of board members. Ruling in a lawsuit brought by a Nutrisystem shareholder who claimed company directors were trying to entrench themselves, the judge said Tuesday that the bylaw amendment violates Delaware's General Corporation Law...
NEW YORK (AP) -- Dow Chemical Co.'s board reaffirmed its support for the company's merger with DuPont after a news report said activist investor Daniel Loeb wants Dow's CEO to be removed. The Wall Street Journal said Loeb, who heads Third Point LLC ...
He was named CEO at Continental shortly before that airline merged with United in 2010. The Associated Press calculates executive compensation by including salary, bonuses, perks, above-market interest on deferred compensation and the estimated value of ...