The Securities and Exchange Commission wants new rules on insider trading, share buybacks, and money-market funds. While the proposed changes won’t directly affect most investors, it’s important to understand why these issues matter and how to react to the new changes, if implemented...
Commodities giant Glencore should spin off its thermal coal assets much faster than planned and sell noncore assets to improve shareholder returns, hedge fund Bluebell Capital Partners asked in a letter sent to the company’s chairman and to its chief executive...
Berkshire Hathaway has named Susan Buffett, the daughter of CEO and Chairman Warren Buffett, and investment manager Chris Davis to its board of directors...
Investors already knew the results of shareholder voting at Tesla‘s annual meeting. But until now investors didn’t know exactly how the voting went down...
Views differ on what information is financially material for an investment, and it is the Securities and Exchange Commission’s job to draw this line, deciding what companies must disclose, and what they don’t have to. Over the years, the requirements have changed to include risk factors, executive compensation, and other new information. The latest debate is whether environmental, social and governance, or ESG, issues should be added to the list...
Just last year activist investor Bill Ackman was on a high after launching the largest special purpose acquisition company (SPAC) ever. Now that SPAC, which raised $4 billion in its initial public offering, is under attack after a lawsuit claims it is operating illegally...
PAVmed Inc. (Nasdaq: PAVM, PAVMZ) (the “Company” or “PAVmed”), a highly differentiated, multi-product, commercial-stage medical technology company, today announced that prominent global industry executive Aster Angagaw has joined the Board of Directors...
Robinhood Markets ‘ board of directors cut the base salaries of its two founders Vlad Tenev and Baiju Bhatt to $34,248 from $400,000 in April, the median salary of a U.S. worker as of 2019. On the one hand, the decision fits with the company’s everyman image. But the two men are unlikely to miss the extra $366,000. The Robinhood (HOOD) IPO on Thursday made them worth $2.5 billion each, with more potential gains from stock awards ahead...
Women accounted for 29% of U.S. board directors in S&P 500 companies in 2020, up from 19% in 2014, according to the latest survey of 26 countries from BoardEx. That number looks poised to grow as investors following sustainable principles push for more-diverse boards...
How the backers of blank-check companies are compensated for their efforts has emerged as a flashpoint in the debate over the merits or drawbacks of the popular vehicles...
AMC Entertainment is walking back plans to ask shareholders to allow more stock sales. The meme stock’s retail investors on Reddit couldn’t be happier. On Tuesday, AMC CEO Adam Aron wrote on Twitter that he didn’t think there was enough support from shareholders to authorize the sale of 25 million shares as soon as 2022, despite his backing...
Tensions are running hot ahead of Genesco’s annual meeting later this month, with the retailer rapidly trading barbs with an activist investor intent on shaking up its board...
The economics of a videogame publisher are a lot like a movie studio, where a blockbuster can make or break a company. Optimism was high for Warsaw-listed CD Projekt (ticker: CDR.Poland) ahead of the release of the Cyberpunk 2077 videogame, which features an actual Hollywood star, Keanu Reeves, and has been in development since 2012. But the release has been reminiscent more of Reeves flops such as Johnny Mnemonic than hits like The Matrix...
On Wednesday, what was once unthinkable happened: An upstart hedge fund, Engine No. 1, was able to unseat at least two board members at Exxon Mobil despite holding only 0.02% of the shares of the $250 billion company...
Yesterday, Exxon Mobil shareholders elected at least two of the dissident directors proposed by the activist hedge fund Engine No. 1. Investors have lost patience with the basic business assumption that oil and gas will rule forever...
Exxon Mobil faces a rare proxy challenge this month, as activist shareholders at a firm called Engine No. 1 want to shake up the company’s board...
To environmentalists, the idea of investing in a metals and oils producing conglomerate might seem beyond the pale...
Investment manager Neuberger Berman will disclose ahead of time how it will vote its proxies for 60 or so companies before they hold their annual meetings. The move marks the second year that Neuberger is preannouncing its votes, both for and against corporate management, and explaining its voting rationale...
The activist investors want to shake up the board of directors at Kohl's. Bruce Bennett/Getty Images Kohl’s stock got a boost from the company’s better-than-expected fiscal fourth- quarter earnings, but the activist investors clamoring for change at the department store weren’t pleased with the results...
Carl Icahn, billionaire activist investor, disclosed a stake in Bausch Health. Victor J. Blue/Bloomberg Bausch Health stock got an added boost Friday after billionaire investor Carl Icahn disclosed a 7.8% stake in the pharmaceutical and medical device company. Shares advanced more than 6% in early trading Friday, pushing the stock above a 13-month high. In a regulatory filing, Icahn said he believes Bausch (ticker: BHC) shares are “undervalued” and that he may seek seats on Bausch’s board...
As Amazon.com founder Jeff Bezos prepares to leave his role as the firm’s CEO, expect the company’s board to have a harder time overseeing company management, one activist shareholder says...
Whether you invest in oil-and-gas companies or trade Bitcoin, financial regulation under the Biden administration will make its mark on your portfolio—and may even change the way you invest...
Third Point CEO Daniel Loeb David Paul Morris/Bloomberg After a tough year, Intel executives received one last 2020 surprise. It came in the form of a sharply worded letter this past week from activist investor Daniel Loeb. Loeb, CEO of hedge fund Third Point, laid out the need for change at the once pioneering chip maker...
Japan is a country of contradictions. Its bullet trains, advanced robotics, and kiosk culture are a model of efficiency, but businesses still rely on paper documents and fax machines. It’s home to some of the most innovative companies in the world, and yet it is the poster child of sluggish growth and an aging population...