A major investor in Envestnet is blasting the advisor technology company’s lackluster financial performance and threatening to nominate an alternative slate of board members if Envestnet won’t grant it a spot on the board...
Twitter shareholders on Tuesday voted to approve Elon Musk’s $44 billion acquisition. The firm’s legal battle with the billionaire will ultimately determine whether the deal goes through. The company held its special meeting at 10 a.m. Pacific time on Tuesday. The company said that based on preliminary vote counts, shareholders approved the sale to Musk, as well the executive compensation for Twitter executives related to the merger...
There are thoughtful critics of environmental, social and governance standards for companies and investors—and then there are those trying to score political points...
The battle over which company will acquire Spirit Airlines has been ongoing for months, but on Wednesday investors should get some clarity when shareholders vote on the proposed merger of the low-cost airline with Frontier Group Holdings...
Bullish investors are hoping social-media platform Pinterest can get its mojo back with a new CEO and an activist investor on board. Activist hedge fund Elliott Management has amassed a 9% stake in the Pinterest (ticker: PINS), according to recent reports. While the $50 billion hedge fund declined to comment, it’s easy to see why Pinterest would be a target...
Corporate board term limits won’t resolve all the issues boards need to address, but they are a good place to start, writes Theresa Hamacher. Dreamstime About the author: Theresa Hamacher is the chair of the board of the Morningstar Funds Trust and president of consulting firm, Versanture Consulting, LLC. There’s been a debate for many years about the nature of corporate board term limits...
Last year was a milestone for shareholder activists focused on climate issues. But investors are growing more cautious when demanding aggressive climate actions this year—and that is not necessarily a bad thing...
Hasbro’s proxy fight with activist investor Alta Fox has ended after the toy maker’s shareholders rejected a nominee backed by the activist investor, and voted for all 13 member’s of the current board...
The knives are out for ESG. First, some politicians sought to make environmental, social, and governance factors in investing a right vs. left issue. Then the world’s largest investment firm said shareholders have gotten out of control by taking over this year’s proxy season with too many prescriptive ESG proposals...
S&P Dow Jones Indices’ decision this week to boot Tesla from the S&P 500 ESG Index has cast a harsh light on the role that environmental, social, and governance, or ESG ratings play in scoring companies as positive for the planet...
Global deal making may have fallen out of fashion, but breaking companies up never seems to go out of style...
Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) ("Bragg" or the "Company"), a global B2B gaming technology and content provider, announced today that Alex Spiro was appointed to serve on the Audit Committee of the Board of Directors and that Rob Godfrey resigned from the Audit Committee...
The 2022 Berkshire Hathaway annual shareholders meeting took place in person on Saturday, with tens of thousands of Warren Buffett fans traveling to hear from the so-called “Oracle of Omaha.” The Berkshire CEO was joined by the company’s three vice chairmen to present to shareholders and answer questions over the course of some five hours...
Elon Musk questioned Twitter directors’ alignment with shareholders over the weekend, citing most of the board’s small personal stakes in the social media company. The entrepreneur and world’s richest person offered to acquire Twitter in its entirety last week, to which the company’s board responded with a poison pill defense...
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...